Period
to 8 August 2020

The table below looks at the prevalence of the term Banking in contract job vacancies advertised in Central London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Banking over the 6 months to 8 August 2020 with a comparison to the same period over the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Banking
London > Central London
6 months to
8 Aug 2020
Same period 2019 Same period 2018
Rank 11 14 7
Rank change year-on-year +3 -7 -3
Contract jobs citing Banking 328 873 1,205
As % of all contract jobs advertised in Central London 12.29% 10.44% 13.22%
As % of the General category 24.59% 22.16% 25.69%
Number of daily rates quoted 260 673 935
Median daily rate £525 £550 £575
Median daily rate % change year-on-year -4.55% -4.35% +4.55%
10th Percentile £381 £400 £389
90th Percentile £713 £700 £738
London median daily rate £595 £550 £563
% change year-on-year +8.18% -2.22% +2.27%
Number of hourly rates quoted 10 16 24
Median hourly rate £31.09 £21.00 £18.70
Median hourly rate % change year-on-year +48.04% +12.30% +10.00%
10th Percentile £17.15 £20.00 £13.08
90th Percentile £35.00 £21.38 £28.20
London median hourly rate £35.00 £21.00 £18.70
% change year-on-year +66.67% +12.30% -1.58%

Banking is in the General Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Central London with a requirement for common skills.

All General Skills
Central London
Contract vacancies with a requirement for common skills 1,334 3,939 4,691
As % of all contract IT jobs advertised in Central London 50.00% 47.11% 51.46%
Number of daily rates quoted 885 2,984 3,574
Median daily rate £513 £520 £525
Median daily rate % change year-on-year -1.44% -0.95% +5.00%
10th Percentile £317 £338 £325
90th Percentile £689 £675 £700
London median daily rate £525 £525 £525
Number of hourly rates quoted 43 45 63
Median hourly rate £35.00 £21.00 £19.00
Median hourly rate % change year-on-year +66.67% +10.53% +1.60%
10th Percentile £12.75 £11.85 £13.26
90th Percentile £51.55 £56.50 £33.00
Median hourly rate £35.00 £21.75 £24.29
% change year-on-year +60.92% -10.46% +14.31%

Banking
Job Vacancy Trend in Central London

Job postings citing Banking as a proportion of all IT jobs advertised in Central London.

Job vacancy trend for Banking in Central London

Banking
Contractor Daily Rate Trend in Central London

3-month moving average daily rate quoted in jobs citing Banking in Central London.

Daily rate trend for Banking in Central London

Banking
Daily Rate Histogram in Central London

Daily rate distribution for jobs citing Banking in Central London over the 6 months to 8 August 2020.

Daily rate histogram for Banking in Central London

Banking
Contractor Hourly Rate Trend in Central London

3-month moving average hourly rates quoted in jobs citing Banking in Central London.

Hourly rate trend for Banking in Central London

Banking
Hourly Rate Histogram in Central London

Hourly rate distribution of jobs citing Banking in Central London over the 6 months to 8 August 2020.

Hourly rate histogram for Banking in Central London

Banking
Contract Job Locations in Central London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking within the Central London region over the 6 months to 8 August 2020. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London 0 288 £525 -4.55% 58
West End of London +15 4 - -
City of Westminster +26 1 £450 -
Banking
London

For the 6 months to 8 August 2020, IT contractor jobs citing Banking also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the Central London region with a requirement for Banking.

1 173 (52.74%) Finance
2 82 (25.00%) Java
3 79 (24.09%) Investment Banking
4 77 (23.48%) Agile Software Development
5 62 (18.90%) Front Office
6 56 (17.07%) SQL
7 47 (14.33%) Python
8 46 (14.02%) C#
9 42 (12.80%) .NET
9 42 (12.80%) Microsoft
10 36 (10.98%) Windows
11 35 (10.67%) Azure
12 33 (10.06%) DevOps
13 32 (9.76%) Multithreading
13 32 (9.76%) HTML
13 32 (9.76%) JavaScript
13 32 (9.76%) SQL Server
13 32 (9.76%) Fixed Income
14 28 (8.54%) TDD
15 26 (7.93%) QA
15 26 (7.93%) Migration
15 26 (7.93%) Oracle
16 25 (7.62%) AWS
17 24 (7.32%) Foreign Exchange (FX)
17 24 (7.32%) Kubernetes
18 23 (7.01%) Linux
18 23 (7.01%) Stakeholder Management
19 22 (6.71%) CSS
19 22 (6.71%) Active Directory
19 22 (6.71%) Problem-Solving

Banking
Co-occurring IT Skills in Central London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 18 (5.49%) Apache Spark
2 10 (3.05%) Confluence
3 8 (2.44%) Apache
4 7 (2.13%) Elasticsearch
5 6 (1.83%) SharePoint
6 5 (1.52%) MS Exchange
7 4 (1.22%) Tornado
8 3 (0.91%) Exchange Server 2010
8 3 (0.91%) IIS
9 2 (0.61%) Appian
9 2 (0.61%) IBM Notes
9 2 (0.61%) JBoss
9 2 (0.61%) nginx
9 2 (0.61%) Oracle SOA Suite
9 2 (0.61%) Skype for Business
9 2 (0.61%) WebLogic
9 2 (0.61%) WebSphere
10 1 (0.30%) Apache Airflow
10 1 (0.30%) Jupyter
10 1 (0.30%) Red Hat Fuse
Applications
1 13 (3.96%) Microsoft Excel
2 10 (3.05%) Microsoft Office
3 6 (1.83%) Microsoft PowerPoint
3 6 (1.83%) Spreadsheet
4 4 (1.22%) MS Visio
5 2 (0.61%) Sketch
Business Applications
1 7 (2.13%) Misys Midas
2 3 (0.91%) Dynamics CRM
3 2 (0.61%) SunGard Martini
4 1 (0.30%) BusinessWorks
4 1 (0.30%) Eikon
4 1 (0.30%) Loan IQ
4 1 (0.30%) Oracle Cash Management
4 1 (0.30%) Oracle FAH
4 1 (0.30%) Oracle Financials
4 1 (0.30%) Oracle General Ledger
4 1 (0.30%) Oracle Receivables
4 1 (0.30%) Summit
Cloud Services
1 35 (10.67%) Azure
2 25 (7.62%) AWS
3 18 (5.49%) GCP
4 7 (2.13%) GitHub
5 5 (1.52%) Office 365
5 5 (1.52%) PaaS
5 5 (1.52%) Power Platform
6 4 (1.22%) AWS Lambda
6 4 (1.22%) Azure Functions
6 4 (1.22%) Cloud Computing
6 4 (1.22%) IaaS
6 4 (1.22%) SaaS
6 4 (1.22%) Serverless
7 3 (0.91%) Amazon Kinesis
7 3 (0.91%) Dynamics 365
8 2 (0.61%) Amazon ECS
8 2 (0.61%) Amazon EKS
8 2 (0.61%) AWS CloudFormation
8 2 (0.61%) Azure Data Factory
8 2 (0.61%) OpenShift
Communications & Networking
1 8 (2.44%) DNS
2 7 (2.13%) Internet
3 6 (1.83%) Firewall
4 5 (1.52%) TCP/IP
5 4 (1.22%) Kerberos
6 3 (0.91%) BGP
6 3 (0.91%) LAN
6 3 (0.91%) NetScaler
6 3 (0.91%) OSPF
7 2 (0.61%) Cisco IOS
7 2 (0.61%) DHCP
7 2 (0.61%) Intranet
7 2 (0.61%) S/MIME
7 2 (0.61%) SAN
7 2 (0.61%) SSL
7 2 (0.61%) VLAN
8 1 (0.30%) Broadband
8 1 (0.30%) DSL
8 1 (0.30%) HTTP
8 1 (0.30%) VPN
Database & Business Intelligence
1 32 (9.76%) SQL Server
2 19 (5.79%) Big Data
2 19 (5.79%) Data Warehouse
3 15 (4.57%) SQL Server Reporting Services
4 13 (3.96%) NoSQL
5 12 (3.66%) OLAP
6 8 (2.44%) Hadoop
6 8 (2.44%) Relational Database
6 8 (2.44%) Spotfire
7 7 (2.13%) Oracle Database
7 7 (2.13%) SQL Server Integration Services
8 6 (1.83%) Apache Hive
8 6 (1.83%) MongoDB
8 6 (1.83%) RDBMS
9 5 (1.52%) Power BI
10 4 (1.22%) PostgreSQL
10 4 (1.22%) SQL Server Analysis Services
11 3 (0.91%) Apache Cassandra
11 3 (0.91%) MS Access
11 3 (0.91%) Redis
Development Applications
1 18 (5.49%) Jenkins
2 13 (3.96%) JIRA
3 11 (3.35%) Git (software)
3 11 (3.35%) TeamCity
4 8 (2.44%) Subversion
5 6 (1.83%) GitLab
6 5 (1.52%) Ant
6 5 (1.52%) Hudson
6 5 (1.52%) Maven
6 5 (1.52%) Visual Studio
7 4 (1.22%) Cucumber
7 4 (1.22%) JUnit
7 4 (1.22%) ProC
8 3 (0.91%) Axure RP
8 3 (0.91%) PowerBuilder
8 3 (0.91%) Sonatype Nexus
8 3 (0.91%) Team Foundation Server
9 2 (0.61%) CircleCI
9 2 (0.61%) IBM UrbanCode
9 2 (0.61%) Travis CI
General
1 173 (52.74%) Finance
2 79 (24.09%) Investment Banking
3 62 (18.90%) Front Office
4 18 (5.49%) International Banking
5 12 (3.66%) Financial Institution
6 11 (3.35%) Retail
7 6 (1.83%) Legal
7 6 (1.83%) Telecoms
8 4 (1.22%) Back Office
9 3 (0.91%) French Language
9 3 (0.91%) Retail Banking
10 2 (0.61%) Advertising
10 2 (0.61%) Corporate Banking
10 2 (0.61%) General Ledger
11 1 (0.30%) Billing
11 1 (0.30%) Private Banking
Job Titles
1 135 (41.16%) Developer
2 42 (12.80%) Java Developer
3 40 (12.20%) Analyst
4 23 (7.01%) Business Analyst
4 23 (7.01%) C# Developer
5 17 (5.18%) Architect
6 16 (4.88%) Project Manager
6 16 (4.88%) Senior Developer
7 15 (4.57%) .NET Developer
7 15 (4.57%) Python Developer
8 10 (3.05%) SQL Developer
9 9 (2.74%) C# .NET Developer
9 9 (2.74%) Consultant
9 9 (2.74%) Junior
9 9 (2.74%) Network Engineer
10 8 (2.44%) C++ Developer
10 8 (2.44%) Junior Developer
10 8 (2.44%) Low Latency Java Developer
11 7 (2.13%) Banking Analyst
11 7 (2.13%) Quantitative Developer
Libraries, Frameworks & Software Standards
1 42 (12.80%) .NET
2 32 (9.76%) HTML
3 22 (6.71%) CSS
4 17 (5.18%) Web Services
5 16 (4.88%) REST
6 15 (4.57%) HTML5
6 15 (4.57%) Spring
7 14 (4.27%) AngularJS
8 13 (3.96%) ASP.NET
9 10 (3.05%) .NET Framework
10 9 (2.74%) React
10 9 (2.74%) Spring Boot
11 8 (2.44%) CSS3
11 8 (2.44%) Kafka
12 7 (2.13%) FIX Protocol
12 7 (2.13%) Flask
12 7 (2.13%) Node.js
12 7 (2.13%) RxJava
13 6 (1.83%) XML
14 5 (1.52%) WCF
Miscellaneous
1 32 (9.76%) Fixed Income
2 24 (7.32%) Foreign Exchange (FX)
3 17 (5.18%) Analytical Skills
4 13 (3.96%) Greenfield Project
5 10 (3.05%) Credit Risk
6 9 (2.74%) Data Centre
6 9 (2.74%) Enterprise Software
7 7 (2.13%) Data Structures
7 7 (2.13%) Market Risk
8 6 (1.83%) Blackberry
8 6 (1.83%) Hedge funds
8 6 (1.83%) User Experience
9 5 (1.52%) Algorithms
9 5 (1.52%) iPad
10 4 (1.22%) Clustering
10 4 (1.22%) Derivative
10 4 (1.22%) Equities
10 4 (1.22%) Management Information System
10 4 (1.22%) Mobile App
11 3 (0.91%) Replication
Operating Systems
1 36 (10.98%) Windows
2 23 (7.01%) Linux
3 15 (4.57%) Unix
4 9 (2.74%) Windows 10
5 8 (2.44%) Windows Server
6 7 (2.13%) Android
7 6 (1.83%) Windows 7
8 5 (1.52%) Apple iOS
9 3 (0.91%) Red Hat Enterprise Linux
9 3 (0.91%) Windows Server 2012
9 3 (0.91%) Windows Server 2016
9 3 (0.91%) Windows Server 2019
10 2 (0.61%) Mac OS
10 2 (0.61%) Mac OS X
10 2 (0.61%) Windows Server 2008
11 1 (0.30%) Check Point GAiA
Processes & Methodologies
1 77 (23.48%) Agile Software Development
2 33 (10.06%) DevOps
3 32 (9.76%) Multithreading
4 28 (8.54%) TDD
5 26 (7.93%) Migration
6 23 (7.01%) Stakeholder Management
7 22 (6.71%) Problem-Solving
8 19 (5.79%) Business Analysis
8 19 (5.79%) Software Engineering
9 18 (5.49%) Electronic Trading
10 17 (5.18%) Microservices
10 17 (5.18%) Risk Management
10 17 (5.18%) Scrum
11 15 (4.57%) Analytics
11 15 (4.57%) BDD
11 15 (4.57%) Change Management
11 15 (4.57%) Low Latency
11 15 (4.57%) Project Delivery
11 15 (4.57%) Project Management
12 14 (4.27%) Asset Management
Programming Languages
1 82 (25.00%) Java
2 56 (17.07%) SQL
3 47 (14.33%) Python
4 46 (14.02%) C#
5 32 (9.76%) JavaScript
6 18 (5.49%) Scala
7 16 (4.88%) C++
8 15 (4.57%) VBA
9 14 (4.27%) PowerShell
10 9 (2.74%) Java 8
10 9 (2.74%) TypeScript
11 7 (2.13%) Perl
11 7 (2.13%) T-SQL
12 6 (1.83%) Groovy
12 6 (1.83%) Kotlin
12 6 (1.83%) PL/SQL
13 5 (1.52%) VBScript
14 4 (1.22%) IronPython
14 4 (1.22%) VB
15 3 (0.91%) Korn
Qualifications
1 20 (6.10%) Degree
2 8 (2.44%) Cisco Certification
3 7 (2.13%) CCNP
4 6 (1.83%) Numerate Degree
5 4 (1.22%) Microsoft Certification
6 3 (0.91%) CCIE
6 3 (0.91%) ISEB
6 3 (0.91%) MCSE
7 2 (0.61%) A+ Certification
7 2 (0.61%) ACCA
7 2 (0.61%) CIMA
7 2 (0.61%) CompTIA Security+
7 2 (0.61%) FFIEC
7 2 (0.61%) ISTQB
7 2 (0.61%) ISTQB Foundation Certification
7 2 (0.61%) ITIL Foundation Certificate
7 2 (0.61%) MCSA
7 2 (0.61%) Network+ Certification
7 2 (0.61%) Security Cleared
8 1 (0.30%) IIBA
Quality Assurance & Compliance
1 26 (7.93%) QA
2 5 (1.52%) PMO
3 3 (0.91%) GDPR
4 2 (0.61%) IFRS
4 2 (0.61%) MiFID
4 2 (0.61%) NIST
4 2 (0.61%) PSD2
4 2 (0.61%) SLA
5 1 (0.30%) COBIT
5 1 (0.30%) COREP
5 1 (0.30%) Data Quality
5 1 (0.30%) FINREP
5 1 (0.30%) ISO/IEC 27001
5 1 (0.30%) PCI DSS
5 1 (0.30%) Sarbanes-Oxley
System Software
1 22 (6.71%) Active Directory
2 18 (5.49%) Docker
3 12 (3.66%) VMware Infrastructure
4 6 (1.83%) Microsoft App-V
5 4 (1.22%) VMware ESXi
5 4 (1.22%) XenApp
5 4 (1.22%) XenDesktop
6 2 (0.61%) Terminal Services
7 1 (0.30%) OpenAM
7 1 (0.30%) OpenDJ
7 1 (0.30%) Virtual Desktop
7 1 (0.30%) Virtual Machines
Systems Management
1 24 (7.32%) Kubernetes
2 9 (2.74%) Ansible
3 8 (2.44%) Terraform
4 7 (2.13%) SCCM
5 5 (1.52%) Tivoli
6 3 (0.91%) Opscode Chef
6 3 (0.91%) Puppet
6 3 (0.91%) Tivoli Storage Manager
7 2 (0.61%) Control-M
7 2 (0.61%) Data Guard
7 2 (0.61%) HP Quality Center
7 2 (0.61%) linkerd
7 2 (0.61%) Microsoft Clustering
7 2 (0.61%) Netcool
7 2 (0.61%) Oracle Enterprise Manager
7 2 (0.61%) Single Sign-On
8 1 (0.30%) McAfee ePO
8 1 (0.30%) Prometheus
8 1 (0.30%) QRadar
8 1 (0.30%) Tivoli Monitoring
Vendors
1 42 (12.80%) Microsoft
2 26 (7.93%) Oracle
3 12 (3.66%) VMware
4 10 (3.05%) Cisco
4 10 (3.05%) Citrix
4 10 (3.05%) Cognos
4 10 (3.05%) Google
5 9 (2.74%) IBM
6 7 (2.13%) Ivanti
7 6 (1.83%) F5
8 5 (1.52%) Bloomberg
8 5 (1.52%) Cloudera
8 5 (1.52%) Databricks
8 5 (1.52%) EMC
8 5 (1.52%) Hortonworks
8 5 (1.52%) Splunk
8 5 (1.52%) TIBCO
9 4 (1.22%) Red Hat
9 4 (1.22%) Remedy
9 4 (1.22%) Sybase