Period
to 1 June 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 1 June 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
1 Jun 2020
Same period 2019 Same period 2018
Rank 13 14 7
Rank change year-on-year +1 -7 -2
Contract jobs citing Banking 357 898 1,354
As % of all contract jobs advertised in Central London 9.66% 10.60% 14.70%
As % of the General category 21.05% 22.14% 28.13%
Number of daily rates quoted 267 672 1,083
Median daily rate £500 £550 £575
Median daily rate % change year-on-year -9.09% -4.35% +4.55%
10th Percentile £348 £400 £387
90th Percentile £700 £713 £738
London median daily rate £575 £560 £550
% change year-on-year +2.68% +1.82% -
Number of hourly rates quoted 9 17 17
Median hourly rate £35.00 £20.00 £17.30
Median hourly rate % change year-on-year +75.00% +15.61% +15.33%
London median hourly rate £35.00 £20.00 £16.95
% change year-on-year +75.00% +17.99% +13.00%

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 1,696 4,056 4,813
As % of all contract IT jobs advertised in Central London 45.88% 47.87% 52.25%
Number of daily rates quoted 1,162 2,986 3,698
Median daily rate £500 £525 £525
Median daily rate % change year-on-year -4.76% - +5.00%
10th Percentile £321 £325 £325
90th Percentile £688 £675 £694
London median daily rate £525 £525 £510
% change year-on-year - +2.94% +2.00%
Number of hourly rates quoted 47 42 66
Median hourly rate £35.00 £20.00 £19.38
Median hourly rate % change year-on-year +75.00% +3.23% +21.17%
10th Percentile £12.42 £11.25 £12.50
90th Percentile £45.32 £42.91 £37.86
Median hourly rate £35.00 £21.50 £24.50
% change year-on-year +62.79% -12.24% +12.64%

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 1 June 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 1 June 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 1 June 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 -5 305 £519 -5.68% 48
City of Westminster +34 6 £450 -
West End of London +23 6 - -
Banking
London

For the 6 months to 1 June 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.

1 172 (48.18%) Finance
2 84 (23.53%) Java
3 71 (19.89%) Agile Software Development
4 67 (18.77%) Investment Banking
5 65 (18.21%) SQL
6 52 (14.57%) Python
6 52 (14.57%) Front Office
7 50 (14.01%) C#
8 44 (12.32%) SQL Server
9 43 (12.04%) JavaScript
9 43 (12.04%) .NET
10 42 (11.76%) Windows
11 37 (10.36%) DevOps
12 35 (9.80%) HTML
13 32 (8.96%) Fixed Income
14 31 (8.68%) Microsoft
14 31 (8.68%) Analytical Skills
15 30 (8.40%) Problem-Solving
15 30 (8.40%) Oracle
16 29 (8.12%) Azure
17 27 (7.56%) Multithreading
18 26 (7.28%) Kubernetes
19 25 (7.00%) Stakeholder Management
20 23 (6.44%) Migration
20 23 (6.44%) QA
21 22 (6.16%) Software Engineering
21 22 (6.16%) Linux
21 22 (6.16%) Foreign Exchange (FX)
22 21 (5.88%) Active Directory
22 21 (5.88%) CSS

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 12 (3.36%) Apache Spark
2 11 (3.08%) SharePoint
3 8 (2.24%) Confluence
3 8 (2.24%) Elasticsearch
4 7 (1.96%) Apache
5 4 (1.12%) IIS
6 3 (0.84%) Exchange Server 2013
6 3 (0.84%) MS Exchange
6 3 (0.84%) WebLogic
7 2 (0.56%) Apache Airflow
7 2 (0.56%) CMS
7 2 (0.56%) Oracle SOA Suite
7 2 (0.56%) SharePoint 2010
7 2 (0.56%) Tornado
8 1 (0.28%) Appian
8 1 (0.28%) Mule
8 1 (0.28%) nginx
8 1 (0.28%) OpenEdge
8 1 (0.28%) Oracle Workflow
8 1 (0.28%) WebSphere
Applications
1 17 (4.76%) Microsoft Office
2 11 (3.08%) Microsoft Excel
3 6 (1.68%) Spreadsheet
4 5 (1.40%) Microsoft PowerPoint
5 3 (0.84%) Sketch
6 2 (0.56%) InVision
7 1 (0.28%) Adobe Illustrator
7 1 (0.28%) Microsoft Project
7 1 (0.28%) MS Visio
7 1 (0.28%) Photoshop
Business Applications
1 9 (2.52%) Misys Midas
2 7 (1.96%) Sophis RISQUE
2 7 (1.96%) Temenos T24
3 3 (0.84%) Dynamics CRM
3 3 (0.84%) SAP S/4HANA
4 2 (0.56%) FLEXCUBE
4 2 (0.56%) Temenos Globus
5 1 (0.28%) Eikon
5 1 (0.28%) Loan IQ
5 1 (0.28%) OpenText VIM for SAP
5 1 (0.28%) Oracle Cash Management
5 1 (0.28%) Oracle FAH
5 1 (0.28%) Oracle Financials
5 1 (0.28%) Oracle General Ledger
5 1 (0.28%) Oracle Receivables
5 1 (0.28%) SAP CO
5 1 (0.28%) SAP FI
5 1 (0.28%) SAP FI/CO
5 1 (0.28%) SAP FS
5 1 (0.28%) Summit
Cloud Services
1 29 (8.12%) Azure
2 20 (5.60%) AWS
3 14 (3.92%) GCP
4 9 (2.52%) Office 365
5 7 (1.96%) Power Platform
6 4 (1.12%) Serverless
7 3 (0.84%) AWS Lambda
7 3 (0.84%) Azure Functions
7 3 (0.84%) Dynamics 365
7 3 (0.84%) OpenShift
8 2 (0.56%) Amazon EKS
8 2 (0.56%) Amazon Kinesis
8 2 (0.56%) Azure Data Factory
8 2 (0.56%) GitHub
8 2 (0.56%) Mimecast
9 1 (0.28%) Amazon ECS
9 1 (0.28%) Apigee
9 1 (0.28%) AWS CloudFormation
9 1 (0.28%) Power Automate
9 1 (0.28%) PowerApps
Communications & Networking
1 9 (2.52%) DNS
2 8 (2.24%) LAN
3 5 (1.40%) Firewall
3 5 (1.40%) WAN
4 4 (1.12%) BGP
4 4 (1.12%) DHCP
4 4 (1.12%) MPLS
4 4 (1.12%) NAS
4 4 (1.12%) OSPF
4 4 (1.12%) VoIP
4 4 (1.12%) VPN
5 3 (0.84%) Cisco IOS
5 3 (0.84%) Cisco Nexus
5 3 (0.84%) Internet
5 3 (0.84%) SAN
5 3 (0.84%) Wi-Fi
6 2 (0.56%) EIGRP
6 2 (0.56%) HTTP
6 2 (0.56%) Multicast
6 2 (0.56%) TCP/IP
Database & Business Intelligence
1 44 (12.32%) SQL Server
2 21 (5.88%) Big Data
3 20 (5.60%) Data Warehouse
4 15 (4.20%) NoSQL
5 14 (3.92%) SQL Server Reporting Services
6 9 (2.52%) OLAP
7 8 (2.24%) SQL Server Integration Services
8 7 (1.96%) Apache Cassandra
8 7 (1.96%) MongoDB
8 7 (1.96%) Power BI
8 7 (1.96%) Relational Database
8 7 (1.96%) Spotfire
9 6 (1.68%) Oracle Database
9 6 (1.68%) RDBMS
10 5 (1.40%) SQL Server Analysis Services
11 4 (1.12%) Apache Hive
11 4 (1.12%) Hadoop
11 4 (1.12%) SQL Server 2012
11 4 (1.12%) SQL Server 2016
12 3 (0.84%) BigQuery
Development Applications
1 17 (4.76%) Jenkins
2 16 (4.48%) JIRA
3 10 (2.80%) Git (software)
4 7 (1.96%) Ant
5 6 (1.68%) JUnit
5 6 (1.68%) Maven
6 5 (1.40%) Axure RP
6 5 (1.40%) Cucumber
6 5 (1.40%) GitLab
6 5 (1.40%) TeamCity
6 5 (1.40%) Visual Studio
7 4 (1.12%) Selenium
7 4 (1.12%) Team Foundation Server
8 3 (0.84%) Gradle
9 2 (0.56%) Bitbucket
9 2 (0.56%) JMeter
9 2 (0.56%) Mockito
9 2 (0.56%) PowerBuilder
9 2 (0.56%) ProC
9 2 (0.56%) Protractor
General
1 172 (48.18%) Finance
2 67 (18.77%) Investment Banking
3 52 (14.57%) Front Office
4 19 (5.32%) International Banking
5 9 (2.52%) Retail
5 9 (2.52%) Retail Banking
6 7 (1.96%) Financial Institution
6 7 (1.96%) Telecoms
7 6 (1.68%) Legal
8 5 (1.40%) French Language
9 4 (1.12%) Back Office
10 2 (0.56%) Advertising
10 2 (0.56%) Corporate Banking
10 2 (0.56%) General Ledger
10 2 (0.56%) Public Sector
10 2 (0.56%) Publishing
10 2 (0.56%) Wholesale Banking
11 1 (0.28%) Billing
11 1 (0.28%) Law
11 1 (0.28%) Private Banking
Job Titles
1 132 (36.97%) Developer
2 52 (14.57%) Analyst
3 35 (9.80%) Java Developer
4 28 (7.84%) C# Developer
5 27 (7.56%) Business Analyst
6 23 (6.44%) Project Manager
7 17 (4.76%) Consultant
8 15 (4.20%) Senior Developer
9 14 (3.92%) DevOps Engineer
9 14 (3.92%) SQL Developer
10 13 (3.64%) .NET Developer
10 13 (3.64%) Python Developer
11 12 (3.36%) Architect
12 11 (3.08%) Junior
13 10 (2.80%) Banking Analyst
13 10 (2.80%) C++ Developer
14 8 (2.24%) Infrastructure Engineer
14 8 (2.24%) Junior Developer
14 8 (2.24%) Quantitative Developer
15 7 (1.96%) Senior Analyst
Libraries, Frameworks & Software Standards
1 43 (12.04%) .NET
2 35 (9.80%) HTML
3 21 (5.88%) CSS
4 17 (4.76%) HTML5
4 17 (4.76%) Web Services
5 15 (4.20%) ASP.NET
5 15 (4.20%) Spring
6 14 (3.92%) AngularJS
6 14 (3.92%) REST
7 12 (3.36%) .NET Framework
7 12 (3.36%) React
8 10 (2.80%) Kafka
8 10 (2.80%) Node.js
9 8 (2.24%) XML
10 7 (1.96%) Entity Framework
10 7 (1.96%) RESTful
10 7 (1.96%) Spring Boot
11 6 (1.68%) Flask
11 6 (1.68%) RxJava
11 6 (1.68%) Swing
Miscellaneous
1 32 (8.96%) Fixed Income
2 31 (8.68%) Analytical Skills
3 22 (6.16%) Foreign Exchange (FX)
4 17 (4.76%) Greenfield Project
5 11 (3.08%) Credit Risk
5 11 (3.08%) Enterprise Software
6 8 (2.24%) SWIFT
7 7 (1.96%) Data Centre
7 7 (1.96%) Data Structures
7 7 (1.96%) Equities
7 7 (1.96%) User Experience
8 6 (1.68%) Market Risk
9 5 (1.40%) Client/Server
9 5 (1.40%) Hedge funds
9 5 (1.40%) iPad
9 5 (1.40%) Mobile App
10 4 (1.12%) Blackberry
10 4 (1.12%) Video Conferencing
10 4 (1.12%) Virtual Team
11 3 (0.84%) Management Information System
Operating Systems
1 42 (11.76%) Windows
2 22 (6.16%) Linux
3 16 (4.48%) Unix
4 9 (2.52%) Windows Server
5 8 (2.24%) Android
5 8 (2.24%) Apple iOS
6 7 (1.96%) Windows 10
7 6 (1.68%) Windows 7
8 4 (1.12%) Mac OS X
9 3 (0.84%) Windows Server 2012
9 3 (0.84%) Windows Server 2016
10 1 (0.28%) Check Point GAiA
10 1 (0.28%) Mac OS
10 1 (0.28%) Red Hat Enterprise Linux
10 1 (0.28%) Solaris
Processes & Methodologies
1 71 (19.89%) Agile Software Development
2 37 (10.36%) DevOps
3 30 (8.40%) Problem-Solving
4 27 (7.56%) Multithreading
5 25 (7.00%) Stakeholder Management
6 23 (6.44%) Migration
7 22 (6.16%) Software Engineering
8 21 (5.88%) Business Analysis
8 21 (5.88%) Microservices
9 20 (5.60%) Decision-Making
10 19 (5.32%) Fintech
10 19 (5.32%) Project Delivery
11 18 (5.04%) TDD
12 17 (4.76%) Project Management
13 16 (4.48%) Scrum
14 15 (4.20%) Analytics
14 15 (4.20%) Electronic Trading
15 14 (3.92%) Infrastructure Engineering
16 13 (3.64%) Low Latency
16 13 (3.64%) Visualisation
Programming Languages
1 84 (23.53%) Java
2 65 (18.21%) SQL
3 52 (14.57%) Python
4 50 (14.01%) C#
5 43 (12.04%) JavaScript
6 13 (3.64%) C++
7 11 (3.08%) VBA
8 8 (2.24%) PowerShell
8 8 (2.24%) T-SQL
8 8 (2.24%) VBScript
9 7 (1.96%) Java 8
9 7 (1.96%) TypeScript
10 6 (1.68%) Go
10 6 (1.68%) Groovy
10 6 (1.68%) Kotlin
10 6 (1.68%) PL/SQL
11 5 (1.40%) Scala
11 5 (1.40%) VB
12 4 (1.12%) IronPython
13 3 (0.84%) Perl
Qualifications
1 11 (3.08%) Degree
2 5 (1.40%) Cisco Certification
2 5 (1.40%) ISEB
3 4 (1.12%) A+ Certification
3 4 (1.12%) CCNP
3 4 (1.12%) CompTIA Security+
3 4 (1.12%) Network+ Certification
4 3 (0.84%) ACCA
4 3 (0.84%) CIMA
4 3 (0.84%) FFIEC
5 2 (0.56%) CBAP
5 2 (0.56%) CCIE
5 2 (0.56%) CCNA
5 2 (0.56%) CISSP
5 2 (0.56%) IIBA
5 2 (0.56%) ISTQB
5 2 (0.56%) ISTQB Foundation Certification
6 1 (0.28%) AAT
6 1 (0.28%) ITIL Foundation Certificate
6 1 (0.28%) Six Sigma Black Belt
Quality Assurance & Compliance
1 23 (6.44%) QA
2 6 (1.68%) GDPR
3 5 (1.40%) PMO
3 5 (1.40%) PSD2
4 4 (1.12%) SLA
5 3 (0.84%) IFRS
5 3 (0.84%) ISO/IEC 27001
5 3 (0.84%) NIST
6 2 (0.56%) COBIT
6 2 (0.56%) Cyber Essentials
6 2 (0.56%) Data Quality
6 2 (0.56%) MiFID
6 2 (0.56%) SEPA
7 1 (0.28%) COREP
7 1 (0.28%) EMIR
7 1 (0.28%) FINREP
7 1 (0.28%) GAAP
7 1 (0.28%) PCI DSS
7 1 (0.28%) Sarbanes-Oxley
7 1 (0.28%) WCAG
System Software
1 21 (5.88%) Active Directory
2 17 (4.76%) Docker
3 5 (1.40%) Microsoft App-V
3 5 (1.40%) Terminal Services
4 4 (1.12%) VMware Infrastructure
5 3 (0.84%) OpenAM
5 3 (0.84%) OpenDJ
6 2 (0.56%) XenApp
6 2 (0.56%) XenDesktop
7 1 (0.28%) Citrix Hypervisor
Systems Management
1 26 (7.28%) Kubernetes
2 13 (3.64%) SCCM
3 8 (2.24%) Terraform
4 7 (1.96%) Ansible
5 3 (0.84%) AirWatch
5 3 (0.84%) Tivoli
6 2 (0.56%) Data Guard
6 2 (0.56%) Kibana
6 2 (0.56%) linkerd
6 2 (0.56%) Prometheus
6 2 (0.56%) Single Sign-On
6 2 (0.56%) Tivoli Storage Manager
7 1 (0.28%) Control-M
7 1 (0.28%) logstash
7 1 (0.28%) Netcool
7 1 (0.28%) Netcool/OMNIbus
7 1 (0.28%) Oracle Enterprise Manager
7 1 (0.28%) Oracle RMAN
7 1 (0.28%) Symantec Endpoint Protection
7 1 (0.28%) Tivoli Monitoring
Vendors
1 31 (8.68%) Microsoft
2 30 (8.40%) Oracle
3 12 (3.36%) Citrix
4 10 (2.80%) Cisco
5 9 (2.52%) Cognos
6 8 (2.24%) Google
7 7 (1.96%) Bloomberg
7 7 (1.96%) Sophis
7 7 (1.96%) Splunk
7 7 (1.96%) Sybase
7 7 (1.96%) Tableau
7 7 (1.96%) Temenos
8 6 (1.68%) SAP
9 5 (1.40%) HP
9 5 (1.40%) Remedy
9 5 (1.40%) UiPath
10 4 (1.12%) CheckPoint
10 4 (1.12%) TIBCO
10 4 (1.12%) VMware
10 4 (1.12%) Xerox