Period
to

The table below looks at the prevalence of the term Banking in contract job vacancies advertised in the City of London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Banking over the 6 months to 20 May 2022 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
Central London > City of London
6 months to
20 May 2022
Same period 2021 Same period 2020
Rank 13 9 13
Rank change year-on-year -4 +4 -5
Contract jobs citing Banking 488 397 319
As % of all contract jobs advertised in the City of London 11.52% 14.12% 9.94%
As % of the General category 19.91% 23.65% 17.61%
Number of daily rates quoted 335 327 237
10th Percentile £427 £419 £358
25th Percentile £538 £496 £413
Median daily rate (50th Percentile) £650 £600 £525
Median % change year-on-year +8.33% +14.29% -4.55%
75th Percentile £751 £688 £638
90th Percentile £863 £750 £718
Central London median daily rate £650 £600 £513
% change year-on-year +8.33% +17.07% -6.82%
Number of hourly rates quoted 7 0 3
10th Percentile - - £15.40
25th Percentile - - £17.50
Median hourly rate £21.00 - £21.00
75th Percentile £26.00 - £24.79
90th Percentile £46.60 - £27.07
Central London median hourly rate £21.00 £14.47 £20.00
% change year-on-year +45.18% -27.68% -

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 the City of London with a requirement for common skills.

All General Skills
City of London
Contract vacancies with a requirement for common skills 2,451 1,679 1,811
As % of all contract IT jobs advertised in the City of London 57.86% 59.73% 56.45%
Number of daily rates quoted 1,780 1,177 1,312
10th Percentile £350 £356 £281
25th Percentile £469 £450 £413
Median daily rate (50th Percentile) £575 £550 £500
Median % change year-on-year +4.55% +10.00% -4.76%
75th Percentile £688 £650 £606
90th Percentile £788 £725 £688
Central London median daily rate £565 £550 £500
% change year-on-year +2.73% +10.00% -4.76%
Number of hourly rates quoted 31 17 40
10th Percentile £18.50 £8.00 £12.42
25th Percentile £21.00 £11.50 £12.69
Median hourly rate £40.50 £14.50 £17.85
Median % change year-on-year +179.31% -18.77% +2.12%
75th Percentile £55.25 £25.18 £31.10
90th Percentile £65.75 £32.15 £44.11
Central London median hourly rate £40.50 £17.50 £18.70
% change year-on-year +131.43% -6.42% -

Banking
Job Vacancy Trend in the City of London

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

Job vacancy trend for Banking in the City of London

Banking
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Banking in the City of London.

Daily rate trend for Banking in the City of London

Banking
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Banking in the City of London over the 6 months to 20 May 2022.

Daily rate histogram for Banking in the City of London

Banking
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Banking in the City of London.

Hourly rate trend for Banking in the City of London

Banking
Hourly Rate Histogram in the City of London

Hourly rate distribution of jobs citing Banking in the City of London over the 6 months to 20 May 2022.

Hourly rate histogram for Banking in the City of London

For the 6 months to 20 May 2022, 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 City of London region with a requirement for Banking.

1 309 (63.32%) Finance
2 162 (33.20%) Agile
3 149 (30.53%) Investment Banking
4 128 (26.23%) Social Skills
5 126 (25.82%) Front Office
6 106 (21.72%) Java
7 87 (17.83%) SQL
8 70 (14.34%) Python
9 59 (12.09%) C#
10 52 (10.66%) Project Management
11 51 (10.45%) Financial Institution
12 47 (9.63%) TDD
12 47 (9.63%) DevOps
12 47 (9.63%) Microservices
13 45 (9.22%) .NET
14 44 (9.02%) Foreign Exchange (FX)
14 44 (9.02%) Electronic Trading
15 43 (8.81%) Software Engineering
15 43 (8.81%) Windows
16 42 (8.61%) Fixed Income
16 42 (8.61%) Multithreading
16 42 (8.61%) Problem-Solving
17 41 (8.40%) JIRA
18 40 (8.20%) Degree
18 40 (8.20%) CI/CD
19 38 (7.79%) Scrum
19 38 (7.79%) Legal
19 38 (7.79%) SQL Server
20 37 (7.58%) JavaScript
20 37 (7.58%) AWS

Banking
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:

Application Platforms
1 19 (3.89%) SharePoint
2 15 (3.07%) Confluence
3 5 (1.02%) Tomcat
3 5 (1.02%) WebLogic
4 4 (0.82%) IBM HTTP Server
5 3 (0.61%) Apache Spark
5 3 (0.61%) Exchange Server 2010
5 3 (0.61%) IBM Notes
5 3 (0.61%) MS Exchange
5 3 (0.61%) Skype for Business
6 2 (0.41%) Apache Solr
6 2 (0.41%) CMS
6 2 (0.41%) Drupal
6 2 (0.41%) JBoss
6 2 (0.41%) SAS
7 1 (0.20%) Apache
7 1 (0.20%) FileNet
7 1 (0.20%) IIS
7 1 (0.20%) Jetty
7 1 (0.20%) Oracle Workflow
Applications
1 16 (3.28%) Microsoft Excel
2 12 (2.46%) Microsoft Office
3 7 (1.43%) Sketch
4 5 (1.02%) Microsoft PowerPoint
4 5 (1.02%) Microsoft Project
5 4 (0.82%) Adobe Creative Suite
5 4 (0.82%) MS Visio
6 2 (0.41%) InVision
7 1 (0.20%) Spreadsheet
Business Applications
1 4 (0.82%) ION MarketView
1 4 (0.82%) Remedy ITSM
1 4 (0.82%) Temenos T24
2 3 (0.61%) Dynamics CRM
2 3 (0.61%) Temenos Globus
3 2 (0.41%) Oracle Applications
3 2 (0.41%) PeopleSoft HRMS
4 1 (0.20%) Bloomberg TOMS
4 1 (0.20%) FLEXCUBE
4 1 (0.20%) Orchestrade
4 1 (0.20%) PeopleSoft Financials
4 1 (0.20%) SunGard Martini
Cloud Services
1 37 (7.58%) AWS
2 28 (5.74%) Azure
3 14 (2.87%) Amazon EC2
4 12 (2.46%) PaaS
4 12 (2.46%) SaaS
5 11 (2.25%) IaaS
6 9 (1.84%) Amazon S3
7 8 (1.64%) GCP
7 8 (1.64%) GitHub
7 8 (1.64%) Microsoft 365
7 8 (1.64%) Power Platform
8 7 (1.43%) AWS CodePipeline
8 7 (1.43%) Figma
9 5 (1.02%) AWS CodeBuild
9 5 (1.02%) Cloud Computing
10 4 (0.82%) AWS CloudFormation
10 4 (0.82%) Dynamics 365
10 4 (0.82%) Nutanix
10 4 (0.82%) Power Automate
10 4 (0.82%) PowerApps
Communications & Networking
1 12 (2.46%) DNS
2 10 (2.05%) TCP/IP
3 7 (1.43%) DHCP
3 7 (1.43%) Firewall
4 6 (1.23%) Skype
5 5 (1.02%) Internet
5 5 (1.02%) WAN
6 4 (0.82%) BGP
6 4 (0.82%) Kerberos
6 4 (0.82%) OSPF
6 4 (0.82%) VoIP
7 3 (0.61%) IPv4
7 3 (0.61%) NAS
7 3 (0.61%) Network Security
8 2 (0.41%) HTTP
8 2 (0.41%) LAN
8 2 (0.41%) MPLS
8 2 (0.41%) Multicast
9 1 (0.20%) EIGRP
9 1 (0.20%) VRRP
Database & Business Intelligence
1 38 (7.79%) SQL Server
2 18 (3.69%) Relational Database
3 12 (2.46%) Oracle Database
4 10 (2.05%) MySQL
4 10 (2.05%) NoSQL
4 10 (2.05%) RDBMS
5 7 (1.43%) Data Warehouse
5 7 (1.43%) PostgreSQL
6 6 (1.23%) Big Data
7 5 (1.02%) SQL Server Integration Services
8 4 (0.82%) Oracle Database 11g
8 4 (0.82%) Oracle Database 12c
8 4 (0.82%) Power BI
8 4 (0.82%) SQL Server Analysis Services
9 3 (0.61%) Hadoop
9 3 (0.61%) Hazelcast
9 3 (0.61%) Metadata
9 3 (0.61%) MongoDB
10 2 (0.41%) Couchbase
10 2 (0.41%) Data Vault
Development Applications
1 41 (8.40%) JIRA
2 31 (6.35%) Git (software)
3 26 (5.33%) TeamCity
4 20 (4.10%) Jenkins
5 10 (2.05%) Bitbucket
6 6 (1.23%) Selenium
6 6 (1.23%) Subversion
6 6 (1.23%) Visual Studio
7 5 (1.02%) IBM UrbanCode
7 5 (1.02%) Maven
7 5 (1.02%) webpack
8 3 (0.61%) Cucumber
8 3 (0.61%) JUnit
8 3 (0.61%) Sonatype Nexus
8 3 (0.61%) WebDriver
9 2 (0.41%) Axure RP
9 2 (0.41%) IntelliJ
9 2 (0.41%) Oracle APEX
9 2 (0.41%) PeopleTools
9 2 (0.41%) SpecFlow
General
1 309 (63.32%) Finance
2 149 (30.53%) Investment Banking
3 128 (26.23%) Social Skills
4 126 (25.82%) Front Office
5 51 (10.45%) Financial Institution
6 38 (7.79%) Legal
7 27 (5.53%) Analytical Skills
8 26 (5.33%) Presentation Skills
9 22 (4.51%) Organisational Skills
9 22 (4.51%) Retail Banking
10 20 (4.10%) International Banking
11 16 (3.28%) Retail
12 10 (2.05%) Back Office
13 6 (1.23%) Documentation Skills
13 6 (1.23%) Telecoms
14 5 (1.02%) Inclusion and Diversity
14 5 (1.02%) Influencing Skills
15 4 (0.82%) Advertising
16 3 (0.61%) Corporate Banking
16 3 (0.61%) Marketing
Job Titles
1 195 (39.96%) Developer
2 89 (18.24%) Analyst
3 71 (14.55%) Java Developer
4 40 (8.20%) Business Analyst
5 39 (7.99%) Senior Developer
6 36 (7.38%) C# Developer
7 35 (7.17%) Project Manager
8 26 (5.33%) Front Office Developer
9 24 (4.92%) Architect
10 19 (3.89%) Banking Analyst
11 17 (3.48%) Senior Java Developer
12 16 (3.28%) Designer
12 16 (3.28%) Investment Banking Java Developer
13 15 (3.07%) IT Analyst
14 13 (2.66%) Banking Project Manager
14 13 (2.66%) Support Analyst
15 12 (2.46%) Business IT Analyst
15 12 (2.46%) IT Business Analyst
15 12 (2.46%) Python Developer
15 12 (2.46%) Quantitative Analyst
Libraries, Frameworks & Software Standards
1 45 (9.22%) .NET
2 36 (7.38%) HTML
3 26 (5.33%) Spring
4 24 (4.92%) React
5 21 (4.30%) CSS
6 20 (4.10%) AngularJS
6 20 (4.10%) HTML5
6 20 (4.10%) WPF
6 20 (4.10%) XML
7 17 (3.48%) RESTful
8 16 (3.28%) .NET Framework
8 16 (3.28%) REST
9 14 (2.87%) ASP.NET
9 14 (2.87%) Node.js
10 13 (2.66%) Kafka
10 13 (2.66%) Middleware
10 13 (2.66%) Spring Boot
10 13 (2.66%) WinForms
11 10 (2.05%) Hibernate
11 10 (2.05%) JSON
Miscellaneous
1 44 (9.02%) Foreign Exchange (FX)
2 42 (8.61%) Fixed Income
3 32 (6.56%) Equities
4 31 (6.35%) Derivative
5 30 (6.15%) Hedge funds
6 23 (4.71%) Data Centre
7 16 (3.28%) Market Risk
8 15 (3.07%) Credit Risk
9 13 (2.66%) Management Information System
9 13 (2.66%) User Experience
10 11 (2.25%) Greenfield Project
11 8 (1.64%) Mobile App
12 7 (1.43%) Blackberry
12 7 (1.43%) PMI
12 7 (1.43%) Public Cloud
13 6 (1.23%) Reference Data
13 6 (1.23%) Replication
13 6 (1.23%) Self-Motivation
14 5 (1.02%) Animation
14 5 (1.02%) Private Cloud
Operating Systems
1 43 (8.81%) Windows
2 21 (4.30%) Linux
3 16 (3.28%) Unix
4 10 (2.05%) Windows Server
5 8 (1.64%) Windows 10
5 8 (1.64%) Windows 7
6 7 (1.43%) Android
6 7 (1.43%) Apple iOS
7 4 (0.82%) Mac OS
7 4 (0.82%) Windows Server 2008
8 3 (0.61%) Red Hat Enterprise Linux
8 3 (0.61%) Windows Server 2012
9 2 (0.41%) Oracle Linux
9 2 (0.41%) Solaris
9 2 (0.41%) Windows Server 2016
10 1 (0.20%) CentOS
10 1 (0.20%) SUSE
10 1 (0.20%) Ubuntu
10 1 (0.20%) Windows Server 2019
Processes & Methodologies
1 162 (33.20%) Agile
2 52 (10.66%) Project Management
3 47 (9.63%) DevOps
3 47 (9.63%) Microservices
3 47 (9.63%) TDD
4 44 (9.02%) Electronic Trading
5 43 (8.81%) Software Engineering
6 42 (8.61%) Multithreading
6 42 (8.61%) Problem-Solving
7 40 (8.20%) CI/CD
8 38 (7.79%) Scrum
9 36 (7.38%) Stakeholder Management
10 32 (6.56%) Low Latency
11 31 (6.35%) Data Protection
12 30 (6.15%) Analytics
13 29 (5.94%) Migration
14 28 (5.74%) Test Automation
15 25 (5.12%) Workflow
16 24 (4.92%) Continuous Integration
16 24 (4.92%) Risk Management
Programming Languages
1 106 (21.72%) Java
2 87 (17.83%) SQL
3 70 (14.34%) Python
4 59 (12.09%) C#
5 37 (7.58%) JavaScript
6 36 (7.38%) C++
7 17 (3.48%) PowerShell
8 16 (3.28%) TypeScript
9 14 (2.87%) PL/SQL
10 10 (2.05%) Bash
11 8 (1.64%) ES6
11 8 (1.64%) VBA
12 7 (1.43%) Perl
12 7 (1.43%) VB.NET
13 6 (1.23%) C
14 4 (0.82%) Kotlin
14 4 (0.82%) PHP
14 4 (0.82%) Shell Script
14 4 (0.82%) T-SQL
14 4 (0.82%) VB
Qualifications
1 40 (8.20%) Degree
2 10 (2.05%) Computer Science Degree
3 9 (1.84%) PMI Certification
4 8 (1.64%) PhD
5 6 (1.23%) Numerate Degree
6 5 (1.02%) CCNP
6 5 (1.02%) Cisco Certification
7 4 (0.82%) ITIL Certification
8 3 (0.61%) CCIE
8 3 (0.61%) PMP
9 2 (0.41%) CBAP
9 2 (0.41%) SC Cleared
9 2 (0.41%) Security Cleared
10 1 (0.20%) CISSP
10 1 (0.20%) ISEB
10 1 (0.20%) ISTQB
10 1 (0.20%) ISTQB Foundation Certification
10 1 (0.20%) Oracle Certification
10 1 (0.20%) PRINCE2 Certification
10 1 (0.20%) TOGAF Certification
Quality Assurance & Compliance
1 31 (6.35%) GDPR
2 20 (4.10%) QA
3 13 (2.66%) PMO
4 10 (2.05%) Data Quality
5 6 (1.23%) Accessibility
6 5 (1.02%) ISO/IEC 27001
7 4 (0.82%) COBIT
7 4 (0.82%) MiFID
7 4 (0.82%) NIST
8 3 (0.61%) EMIR
8 3 (0.61%) GRC
8 3 (0.61%) SLA
9 2 (0.41%) Sarbanes-Oxley
10 1 (0.20%) Basel II
10 1 (0.20%) COREP
10 1 (0.20%) FATCA
10 1 (0.20%) FINREP
10 1 (0.20%) ISO 20022
10 1 (0.20%) SEPA
10 1 (0.20%) Solvency II
System Software
1 23 (4.71%) Active Directory
2 22 (4.51%) Docker
3 12 (2.46%) VMware Infrastructure
4 5 (1.02%) VMware ESXi
5 4 (0.82%) Virtual Machines
5 4 (0.82%) vSphere
6 3 (0.61%) Microsoft App-V
7 2 (0.41%) NFS
7 2 (0.41%) Oracle RAC
8 1 (0.20%) Firmware
8 1 (0.20%) Hyper-V
8 1 (0.20%) Veritas File System
8 1 (0.20%) Veritas Volume Manager
Systems Management
1 18 (3.69%) Ansible
2 13 (2.66%) Kubernetes
2 13 (2.66%) Terraform
3 9 (1.84%) SCCM
4 8 (1.64%) Control-M
5 5 (1.02%) Opscode Chef
6 4 (0.82%) EMC NetWorker
6 4 (0.82%) Nexpose
6 4 (0.82%) QRadar
6 4 (0.82%) Tivoli
6 4 (0.82%) WMI
7 3 (0.61%) Data Guard
7 3 (0.61%) Netcool
7 3 (0.61%) SCOM
7 3 (0.61%) Tivoli Storage Manager
8 2 (0.41%) Packer
8 2 (0.41%) Puppet
8 2 (0.41%) Red Hat Satellite
8 2 (0.41%) Single Sign-On
9 1 (0.20%) vCenter Server
Vendors
1 36 (7.38%) Oracle
2 34 (6.97%) Microsoft
3 17 (3.48%) DevExpress
3 17 (3.48%) ServiceNow
4 16 (3.28%) Cisco
5 15 (3.07%) Bloomberg
6 13 (2.66%) IBM
7 12 (2.46%) VMware
8 8 (1.64%) BMC
8 8 (1.64%) Splunk
9 7 (1.43%) Adobe
9 7 (1.43%) HP
9 7 (1.43%) Murex
10 6 (1.23%) Fidessa
10 6 (1.23%) Google
10 6 (1.23%) Reuters
11 5 (1.02%) CheckPoint
11 5 (1.02%) EMC
11 5 (1.02%) ION Trading
11 5 (1.02%) Salesforce.com