Period
to 21 November 2017

The median contractor rate for a Banking Business Analyst was £475 per day in advertised job vacancies in the City of London during the 6 months to 21 November 2017.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in 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.

Business Analyst - Banking
Central London > City of London
6 months to
21 Nov 2017
Same period 2016 Same period 2015
Rank 242 223 218
Rank change year-on-year -19 -5 +34
Contract jobs requiring a Banking Business Analyst 10 26 45
As % of all contract IT jobs advertised in the City of London 0.14% 0.39% 0.50%
As % of the Job Titles category 0.15% 0.41% 0.52%
Number of daily rates quoted 10 22 44
City of London median daily rate £475 £550 £470
Median daily rate % change year-on-year -13.64% +17.02% -10.48%
10th Percentile £247 £418 £370
90th Percentile £618 £666 £706
Central London median daily rate £475 £550 £470
% change year-on-year -13.64% +17.02% -10.48%
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate - - -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in the City of London. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

All Contract IT Job Vacancies
City of London
Contract vacancies in the City of London with a recognized job title 6761 6355 8632
% of contract IT jobs with a recognized job title 94.55% 95.52% 95.27%
Number of daily rates quoted 5338 5046 6770
City of London median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.56% +2.86%
10th Percentile £313 £313 £275
90th Percentile £688 £663 £650
Central London median daily rate £500 £475 £450
% change year-on-year +5.26% +5.56% +5.88%
Number of hourly rates quoted 94 77 127
City of London median hourly rate £17.00 £17.50 £19.00
Median hourly rate % change year-on-year -2.86% -7.89% +8.57%
10th Percentile £11.25 £11.50 £10.30
90th Percentile £29.29 £48.40 £39.25
Central London median hourly rate £18.10 £17.21 £18.00
% change year-on-year +5.19% -4.40% +5.88%

Banking Business Analyst
Job Vacancy Trend in the City of London

Job postings that featured Banking Business Analyst in the job title as a percentage of all IT jobs advertised in the City of London.

Job vacancy trend for Banking Business Analyst in the City of London

Banking Business Analyst
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Banking Business Analyst in the City of London.

Contractor daily rate trend for Banking Business Analyst in the City of London

Banking Business Analyst
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Banking Business Analyst in the City of London over the 6 months to 21 November 2017.

Contractor daily rate histogram for Banking Business Analyst in the City of London

Banking Business Analyst Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 21 November 2017, Banking Business Analyst contract jobs required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region featuring Banking Business Analyst in the job title.

1 10 (100.00%) Banking
2 7 (70.00%) Business Analysis
3 5 (50.00%) Finance
3 5 (50.00%) Stakeholder Management
4 4 (40.00%) Investment Banking
5 3 (30.00%) User Acceptance Testing
5 3 (30.00%) International Banking
5 3 (30.00%) Fixed Income
5 3 (30.00%) SQL
6 2 (20.00%) PRINCE2
6 2 (20.00%) Microsoft Excel
6 2 (20.00%) CRM
6 2 (20.00%) Microsoft
6 2 (20.00%) PMP
6 2 (20.00%) PMI Certification
6 2 (20.00%) Salesforce.com
6 2 (20.00%) Equities
6 2 (20.00%) GAP Analysis
6 2 (20.00%) Agile Software Development
6 2 (20.00%) Market Risk
6 2 (20.00%) Waterfall
6 2 (20.00%) Process Improvement
6 2 (20.00%) Integration Testing
6 2 (20.00%) SDLC
7 1 (10.00%) Stakeholder and Relationship Management
7 1 (10.00%) GDPR
7 1 (10.00%) Swim Lanes
7 1 (10.00%) Target Operating Model
7 1 (10.00%) Workflow Analysis
7 1 (10.00%) Identity Access Management

Banking Business Analyst Skill Set
Co-occurring IT Skills in the City of 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:

Applications
1 2 (20.00%) Microsoft Excel
2 1 (10.00%) Microsoft Office
2 1 (10.00%) Spreadsheet
General
1 10 (100.00%) Banking
2 5 (50.00%) Finance
3 4 (40.00%) Investment Banking
4 3 (30.00%) International Banking
5 1 (10.00%) Retail
5 1 (10.00%) Retail Banking
Miscellaneous
1 3 (30.00%) Fixed Income
2 2 (20.00%) Equities
2 2 (20.00%) Market Risk
3 1 (10.00%) Analytical Skills
3 1 (10.00%) Derivative
Processes & Methodologies
1 7 (70.00%) Business Analysis
2 5 (50.00%) Stakeholder Management
3 3 (30.00%) User Acceptance Testing
4 2 (20.00%) Agile Software Development
4 2 (20.00%) CRM
4 2 (20.00%) GAP Analysis
4 2 (20.00%) Integration Testing
4 2 (20.00%) PRINCE2
4 2 (20.00%) Process Improvement
4 2 (20.00%) SDLC
4 2 (20.00%) Waterfall
5 1 (10.00%) Business Process Mapping
5 1 (10.00%) Data Analysis
5 1 (10.00%) Identity Access Management
5 1 (10.00%) Project Management
5 1 (10.00%) Stakeholder and Relationship Management
5 1 (10.00%) Target Operating Model
5 1 (10.00%) UML
5 1 (10.00%) Workflow
5 1 (10.00%) Workflow Analysis
Programming Languages
1 3 (30.00%) SQL
Qualifications
1 2 (20.00%) PMI Certification
1 2 (20.00%) PMP
Quality Assurance & Compliance
1 1 (10.00%) Dodd-Frank
1 1 (10.00%) EMIR
1 1 (10.00%) GDPR
1 1 (10.00%) MiFID
1 1 (10.00%) QA
Vendors
1 2 (20.00%) Microsoft
1 2 (20.00%) Salesforce.com