Period
to 13 April 2021

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 13 April 2021 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
13 Apr 2021
Same period 2020 Same period 2019
Rank 6 12 7
Rank change year-on-year +6 -5 -2
Contract jobs citing Banking 346 414 909
As % of all contract jobs advertised in the City of London 14.31% 10.20% 13.38%
As % of the General category 29.42% 22.55% 25.44%
Number of daily rates quoted 277 325 710
10th Percentile £421 £364 £400
25th Percentile £471 £450 £463
Median daily rate (50th Percentile) £575 £550 £550
Median % change year-on-year +4.55% - -4.35%
75th Percentile £688 £669 £650
90th Percentile £738 £750 £725
Central London median daily rate £575 £550 £550
% change year-on-year +4.55% - -4.35%
Number of hourly rates quoted 2 5 9
Median hourly rate £23.00 £21.00 £21.00
Median % change year-on-year +9.52% - +40.00%
Central London median hourly rate £23.00 £19.35 £20.00
% change year-on-year +18.86% -3.25% +33.33%

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 1,176 1,836 3,573
As % of all contract IT jobs advertised in the City of London 48.64% 45.23% 52.58%
Number of daily rates quoted 850 1,360 2,717
10th Percentile £368 £306 £313
25th Percentile £450 £413 £425
Median daily rate (50th Percentile) £550 £525 £525
Median % change year-on-year +4.76% - -
75th Percentile £650 £625 £625
90th Percentile £725 £696 £688
Central London median daily rate £550 £513 £525
% change year-on-year +7.32% -2.38% -
Number of hourly rates quoted 9 31 29
10th Percentile £11.90 £12.42 £11.25
25th Percentile £16.25 £12.46 £13.48
Median hourly rate £23.00 £18.00 £18.70
Median % change year-on-year +27.78% -3.74% -10.95%
75th Percentile £25.18 £28.79 £33.00
90th Percentile £29.25 £43.70 £38.40
Central London median hourly rate £21.00 £18.70 £19.25
% change year-on-year +12.30% -2.86% -8.33%

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 13 April 2021.

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
Contract Job Locations in the City of 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 City of London region over the 6 months to 13 April 2021. 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
London Bridge - 1 - -
Banking
Central London

For the 6 months to 13 April 2021, 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.

1 169 (48.84%) Finance
2 113 (32.66%) Java
3 93 (26.88%) Agile Software Development
3 93 (26.88%) Investment Banking
4 70 (20.23%) Front Office
5 62 (17.92%) Spring
6 58 (16.76%) Microservices
7 52 (15.03%) Python
8 48 (13.87%) Linux
9 47 (13.58%) Oracle
10 44 (12.72%) DevOps
10 44 (12.72%) Azure
11 43 (12.43%) Kubernetes
12 42 (12.14%) SQL
13 40 (11.56%) AWS
14 39 (11.27%) TDD
15 38 (10.98%) C#
15 38 (10.98%) Spring Boot
16 37 (10.69%) Docker
17 33 (9.54%) Risk Management
18 32 (9.25%) Multithreading
19 31 (8.96%) Jenkins
20 30 (8.67%) REST
20 30 (8.67%) Migration
20 30 (8.67%) JavaScript
21 28 (8.09%) Foreign Exchange (FX)
22 27 (7.80%) SDLC
22 27 (7.80%) GCP
23 26 (7.51%) Analytical Skills
24 25 (7.23%) Microsoft

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 13 (3.76%) Red Hat Fuse
2 12 (3.47%) Apache
3 10 (2.89%) Apache Spark
4 7 (2.02%) NServiceBus
5 6 (1.73%) Confluence
5 6 (1.73%) Mule
5 6 (1.73%) SharePoint
6 4 (1.16%) Cloud Foundry
6 4 (1.16%) Exchange Server 2010
6 4 (1.16%) MS Exchange
6 4 (1.16%) Skype for Business
7 3 (0.87%) nginx
7 3 (0.87%) Oracle Coherence
8 2 (0.58%) IIS
8 2 (0.58%) JBoss
8 2 (0.58%) WebSphere
9 1 (0.29%) CICS
9 1 (0.29%) CMS
9 1 (0.29%) IBM Notes
9 1 (0.29%) Tomcat
Applications
1 9 (2.60%) Microsoft Office
2 8 (2.31%) Microsoft Excel
3 5 (1.45%) Microsoft PowerPoint
4 4 (1.16%) MS Visio
5 2 (0.58%) Chatbot
6 1 (0.29%) InfoPath
6 1 (0.29%) Microsoft Project
Business Applications
1 2 (0.58%) Bloomberg TOMS
1 2 (0.58%) Summit
2 1 (0.29%) CA PPM
2 1 (0.29%) FLEXCUBE
2 1 (0.29%) Global One
2 1 (0.29%) ION MarketView
2 1 (0.29%) Kondor
2 1 (0.29%) Loan IQ
2 1 (0.29%) Oracle FAH
2 1 (0.29%) Oracle General Ledger
2 1 (0.29%) Oracle Payables
2 1 (0.29%) Oracle Procure-to-Pay
2 1 (0.29%) Oracle Subledger Accounting
2 1 (0.29%) Orchestrade
Cloud Services
1 44 (12.72%) Azure
2 40 (11.56%) AWS
3 27 (7.80%) GCP
4 16 (4.62%) Serverless
5 10 (2.89%) SaaS
6 8 (2.31%) Cloud Computing
6 8 (2.31%) GitHub
7 7 (2.02%) Azure Functions
7 7 (2.02%) Microsoft 365
7 7 (2.02%) PaaS
8 6 (1.73%) Amazon ECS
8 6 (1.73%) AWS CloudFormation
8 6 (1.73%) IaaS
9 4 (1.16%) Amazon EC2
9 4 (1.16%) Amazon ElastiCache
9 4 (1.16%) Amazon Kinesis
9 4 (1.16%) Amazon S3
9 4 (1.16%) AWS Lambda
9 4 (1.16%) Azure Data Factory
9 4 (1.16%) Virtual Private Cloud
Communications & Networking
1 11 (3.18%) Firewall
2 7 (2.02%) TCP/IP
3 6 (1.73%) HTTP
3 6 (1.73%) LAN
3 6 (1.73%) WAN
4 5 (1.45%) VPN
5 3 (0.87%) SAN
5 3 (0.87%) SSL
5 3 (0.87%) Wireless
6 2 (0.58%) DNS
6 2 (0.58%) Intrusion Detection
6 2 (0.58%) Kerberos
6 2 (0.58%) Network Security
6 2 (0.58%) Skype
6 2 (0.58%) Unified Communications
6 2 (0.58%) Wireshark
7 1 (0.29%) BGP
7 1 (0.29%) Intranet
7 1 (0.29%) OSPF
7 1 (0.29%) SNA
Database & Business Intelligence
1 20 (5.78%) SQL Server
2 18 (5.20%) Relational Database
3 13 (3.76%) PostgreSQL
4 12 (3.47%) Data Warehouse
5 11 (3.18%) Big Data
6 7 (2.02%) MongoDB
6 7 (2.02%) Oracle Database
7 6 (1.73%) MySQL
7 6 (1.73%) NoSQL
7 6 (1.73%) Oracle Database 12c
8 5 (1.45%) RDBMS
8 5 (1.45%) SQL Server Analysis Services
9 4 (1.16%) Amazon Aurora
9 4 (1.16%) Amazon RDS
9 4 (1.16%) Apache Hive
9 4 (1.16%) Hazelcast
9 4 (1.16%) Redis
10 3 (0.87%) BigQuery
10 3 (0.87%) Bigtable
10 3 (0.87%) Power BI
Development Applications
1 31 (8.96%) Jenkins
2 19 (5.49%) Maven
3 13 (3.76%) Git (software)
3 13 (3.76%) JIRA
4 11 (3.18%) Cucumber
5 6 (1.73%) Subversion
5 6 (1.73%) TeamCity
6 4 (1.16%) JUnit
7 3 (0.87%) Gradle
7 3 (0.87%) REST Assured
8 2 (0.58%) Artifactory
8 2 (0.58%) Bitbucket
8 2 (0.58%) Eclipse
8 2 (0.58%) Gerrit
8 2 (0.58%) GitLab
8 2 (0.58%) IntelliJ
8 2 (0.58%) Liquibase
8 2 (0.58%) VisualSVN
9 1 (0.29%) MSI
9 1 (0.29%) webpack
General
1 169 (48.84%) Finance
2 93 (26.88%) Investment Banking
3 70 (20.23%) Front Office
4 20 (5.78%) International Banking
5 12 (3.47%) Financial Institution
5 12 (3.47%) Retail
6 5 (1.45%) Legal
6 5 (1.45%) Retail Banking
7 3 (0.87%) Back Office
8 2 (0.58%) Pharmaceutical
8 2 (0.58%) Retail Finance
8 2 (0.58%) Telecoms
9 1 (0.29%) Corporate Banking
9 1 (0.29%) French Language
9 1 (0.29%) General Ledger
9 1 (0.29%) Law
9 1 (0.29%) Marketing
9 1 (0.29%) Prime Brokerage
9 1 (0.29%) Russian Language
Job Titles
1 141 (40.75%) Developer
2 76 (21.97%) Java Developer
3 50 (14.45%) Analyst
4 29 (8.38%) Business Analyst
5 27 (7.80%) Architect
6 25 (7.23%) Senior Developer
7 19 (5.49%) Senior Java Developer
8 18 (5.20%) Project Manager
9 16 (4.62%) Solutions Architect
10 13 (3.76%) .NET Developer
10 13 (3.76%) Quantitative Developer
11 12 (3.47%) Front Office Developer
12 11 (3.18%) Banking Analyst
12 11 (3.18%) C# Developer
13 10 (2.89%) Administrator
13 10 (2.89%) Java Architect
13 10 (2.89%) Python Developer
14 9 (2.60%) AWS Developer
15 8 (2.31%) DevOps Engineer
15 8 (2.31%) Qualitative Analyst
Libraries, Frameworks & Software Standards
1 62 (17.92%) Spring
2 38 (10.98%) Spring Boot
3 30 (8.67%) REST
4 25 (7.23%) .NET
5 18 (5.20%) AngularJS
6 16 (4.62%) HTML
6 16 (4.62%) Kafka
7 15 (4.34%) Middleware
8 13 (3.76%) Apache Camel
8 13 (3.76%) Hibernate
8 13 (3.76%) HTML5
9 11 (3.18%) OSGi
9 11 (3.18%) React
10 10 (2.89%) JMS
11 9 (2.60%) jQuery
12 8 (2.31%) Ajax
12 8 (2.31%) GWT
12 8 (2.31%) JDBC
12 8 (2.31%) JSF
13 7 (2.02%) Node.js
Miscellaneous
1 28 (8.09%) Foreign Exchange (FX)
2 26 (7.51%) Analytical Skills
3 18 (5.20%) Credit Risk
4 17 (4.91%) Derivative
4 17 (4.91%) Enterprise Software
5 16 (4.62%) Equities
5 16 (4.62%) Fixed Income
6 15 (4.34%) Clustering
6 15 (4.34%) Data Structures
7 13 (3.76%) Market Risk
8 12 (3.47%) Grid Computing
9 9 (2.60%) Greenfield Project
9 9 (2.60%) Replication
10 8 (2.31%) Data Centre
10 8 (2.31%) Management Information System
11 7 (2.02%) User Experience
12 5 (1.45%) Algorithms
13 4 (1.16%) Enterprise Cloud
13 4 (1.16%) Self-Motivation
13 4 (1.16%) SWIFT
Operating Systems
1 48 (13.87%) Linux
2 22 (6.36%) Windows
3 20 (5.78%) Unix
4 10 (2.89%) Windows Server
5 6 (1.73%) Windows Server 2012
5 6 (1.73%) Windows Server 2016
6 5 (1.45%) Red Hat Enterprise Linux
6 5 (1.45%) Windows 10
6 5 (1.45%) Windows 7
7 4 (1.16%) Windows Server 2008
8 3 (0.87%) Android
8 3 (0.87%) Solaris
8 3 (0.87%) Windows XP
9 2 (0.58%) Windows Server 2019
10 1 (0.29%) Apple iOS
10 1 (0.29%) VMS
10 1 (0.29%) zOS
Processes & Methodologies
1 93 (26.88%) Agile Software Development
2 58 (16.76%) Microservices
3 44 (12.72%) DevOps
4 39 (11.27%) TDD
5 33 (9.54%) Risk Management
6 32 (9.25%) Multithreading
7 30 (8.67%) Migration
8 27 (7.80%) SDLC
9 25 (7.23%) Continuous Integration
9 25 (7.23%) Software Engineering
10 24 (6.94%) Performance Tuning
11 23 (6.65%) High Availability
11 23 (6.65%) OO
12 22 (6.36%) Low Latency
13 20 (5.78%) Project Management
13 20 (5.78%) Test Automation
14 19 (5.49%) Scrum
14 19 (5.49%) Stakeholder Management
15 18 (5.20%) Data Analysis
16 17 (4.91%) BDD
Programming Languages
1 113 (32.66%) Java
2 52 (15.03%) Python
3 42 (12.14%) SQL
4 38 (10.98%) C#
5 30 (8.67%) JavaScript
6 21 (6.07%) Java 8
7 19 (5.49%) C++
8 18 (5.20%) Scala
9 9 (2.60%) Go
9 9 (2.60%) PL/SQL
9 9 (2.60%) PowerShell
10 8 (2.31%) TypeScript
11 7 (2.02%) Kotlin
12 6 (1.73%) Groovy
13 5 (1.45%) Ruby
14 4 (1.16%) Haskell
14 4 (1.16%) Perl
15 3 (0.87%) Bash Shell
16 2 (0.58%) R
16 2 (0.58%) T-SQL
Qualifications
1 13 (3.76%) Degree
2 10 (2.89%) Cisco Certification
3 6 (1.73%) CISSP
4 5 (1.45%) CCNA
4 5 (1.45%) PMI Certification
5 4 (1.16%) CCNP
5 4 (1.16%) FFIEC
6 3 (0.87%) CISM
6 3 (0.87%) Computer Science Degree
7 2 (0.58%) (ISC)2 CCSP
7 2 (0.58%) ACCA
7 2 (0.58%) CCSP
7 2 (0.58%) CREST Certified
7 2 (0.58%) MCSA
7 2 (0.58%) MCSE
7 2 (0.58%) Microsoft Certification
7 2 (0.58%) PMP
7 2 (0.58%) PRINCE2 Certification
7 2 (0.58%) PRINCE2 Practitioner
7 2 (0.58%) SAFe Agilist
Quality Assurance & Compliance
1 9 (2.60%) QA
2 8 (2.31%) NIST
3 7 (2.02%) COBIT
4 5 (1.45%) PMO
5 4 (1.16%) GDPR
6 3 (0.87%) IFRS
6 3 (0.87%) ISO/IEC 27001
6 3 (0.87%) SEPA
7 2 (0.58%) GRC
7 2 (0.58%) PCI DSS
7 2 (0.58%) Sarbanes-Oxley
7 2 (0.58%) SLA
8 1 (0.29%) Data Quality
8 1 (0.29%) GAAP
System Software
1 37 (10.69%) Docker
2 15 (4.34%) VMware Infrastructure
3 12 (3.47%) Active Directory
4 10 (2.89%) VMware ESXi
5 5 (1.45%) Oracle RAC
6 4 (1.16%) vSphere
7 3 (0.87%) VMware NSX
8 2 (0.58%) Microsoft App-V
8 2 (0.58%) XenApp
9 1 (0.29%) Citrix Hypervisor
9 1 (0.29%) Microcode
9 1 (0.29%) Time Sharing Option
9 1 (0.29%) Xen
9 1 (0.29%) XenDesktop
Systems Management
1 43 (12.43%) Kubernetes
2 10 (2.89%) Ansible
2 10 (2.89%) Terraform
3 6 (1.73%) Opscode Chef
3 6 (1.73%) Puppet
4 5 (1.45%) Enterprise Manager Cloud Control
4 5 (1.45%) Salt
4 5 (1.45%) SCCM
5 4 (1.16%) Foglight
5 4 (1.16%) Tivoli Storage Manager
5 4 (1.16%) vRealize
5 4 (1.16%) vRealize Orchestrator
6 2 (0.58%) Control-M
6 2 (0.58%) CSIRT
6 2 (0.58%) EMC NetWorker
6 2 (0.58%) Grafana
6 2 (0.58%) NetBackup
6 2 (0.58%) Prometheus
6 2 (0.58%) QRadar
6 2 (0.58%) Tivoli
Vendors
1 47 (13.58%) Oracle
2 25 (7.23%) Microsoft
3 20 (5.78%) VMware
4 12 (3.47%) Google
4 12 (3.47%) IBM
4 12 (3.47%) MuleSoft
5 9 (2.60%) Cisco
5 9 (2.60%) EMC
6 7 (2.02%) Citrix
6 7 (2.02%) Murex
7 6 (1.73%) Splunk
8 5 (1.45%) Bloomberg
8 5 (1.45%) Dell
8 5 (1.45%) Red Hat
9 4 (1.16%) Cloudera
9 4 (1.16%) Hortonworks
9 4 (1.16%) HP
9 4 (1.16%) NetApp
9 4 (1.16%) SAP
9 4 (1.16%) Sybase