Period
to 1 April 2020

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 1 April 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
Central London > City of London
6 months to
1 Apr 2020
Same period 2019 Same period 2018
Rank 12 6 5
Rank change year-on-year -6 -1 -1
Contract jobs citing Banking 432 952 1,372
As % of all contract jobs advertised in the City of London 10.24% 14.11% 19.30%
As % of the General category 22.85% 26.80% 34.85%
Number of daily rates quoted 336 742 1,117
Median daily rate £550 £550 £575
Median daily rate % change year-on-year - -4.35% +4.55%
10th Percentile £363 £388 £400
90th Percentile £750 £725 £745
Central London median daily rate £544 £550 £575
% change year-on-year -1.14% -4.35% +4.55%
Number of hourly rates quoted 13 8 12
Median hourly rate £28.00 £21.00 £15.00
Median hourly rate % change year-on-year +33.33% +40.00% -29.41%
10th Percentile £19.16 £16.22 £12.55
90th Percentile £35.00 £24.83 £21.15
Central London median hourly rate £24.09 £20.00 £15.00
% change year-on-year +20.44% +33.33% -29.41%

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 1,891 3,552 3,937
As % of all contract IT jobs advertised in the City of London 44.81% 52.64% 55.37%
Number of daily rates quoted 1,373 2,689 3,106
Median daily rate £525 £525 £525
10th Percentile £306 £313 £325
90th Percentile £700 £688 £713
Central London median daily rate £510 £525 £525
% change year-on-year -2.86% - +5.00%
Number of hourly rates quoted 46 28 52
Median hourly rate £27.09 £21.00 £21.11
Median hourly rate % change year-on-year +28.99% -0.53% +2.89%
10th Percentile £12.42 £12.76 £11.87
90th Percentile £38.75 £48.11 £38.50
Median hourly rate £28.00 £20.00 £21.23
% change year-on-year +40.00% -5.77% +3.44%

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 1 April 2020.

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 1 April 2020.

Hourly rate histogram 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 1 April 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
Moorgate - 1 £450 -
Banking
Central London

For the 6 months to 1 April 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 City of London region with a requirement for Banking.

1 208 (48.15%) Finance
2 100 (23.15%) Investment Banking
3 97 (22.45%) Java
4 84 (19.44%) Agile Software Development
5 69 (15.97%) SQL
6 67 (15.51%) Front Office
7 54 (12.50%) Python
8 52 (12.04%) Windows
9 47 (10.88%) C#
10 45 (10.42%) DevOps
11 43 (9.95%) .NET
12 42 (9.72%) SQL Server
13 39 (9.03%) Azure
14 38 (8.80%) Microsoft
15 37 (8.56%) JavaScript
16 35 (8.10%) Oracle
16 35 (8.10%) Analytical Skills
17 34 (7.87%) Problem-Solving
17 34 (7.87%) Fixed Income
18 33 (7.64%) Stakeholder Management
19 31 (7.18%) Migration
19 31 (7.18%) Software Engineering
19 31 (7.18%) Microservices
19 31 (7.18%) Kubernetes
20 30 (6.94%) HTML
21 29 (6.71%) Active Directory
21 29 (6.71%) Project Management
21 29 (6.71%) Multithreading
22 26 (6.02%) TDD
23 25 (5.79%) Foreign Exchange (FX)

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 10 (2.31%) Confluence
2 9 (2.08%) Elasticsearch
3 8 (1.85%) SharePoint
4 6 (1.39%) Apache Spark
5 5 (1.16%) Apache
6 4 (0.93%) CMS
7 3 (0.69%) Ethereum
7 3 (0.69%) IBM Notes
7 3 (0.69%) Oracle Workflow
8 2 (0.46%) Adobe Experience Manager
8 2 (0.46%) SAP Portal
8 2 (0.46%) SAS
8 2 (0.46%) WebLogic
9 1 (0.23%) Mule
9 1 (0.23%) OpenEdge
9 1 (0.23%) Oracle Coherence
9 1 (0.23%) Oracle SOA Suite
9 1 (0.23%) SharePoint 2010
9 1 (0.23%) SharePoint 2013
9 1 (0.23%) Tornado
Applications
1 20 (4.63%) Microsoft Office
2 13 (3.01%) Microsoft Excel
3 10 (2.31%) Microsoft PowerPoint
4 5 (1.16%) Sketch
4 5 (1.16%) Spreadsheet
5 3 (0.69%) InVision
6 2 (0.46%) Zeplin
7 1 (0.23%) Adobe Illustrator
7 1 (0.23%) Microsoft Project
7 1 (0.23%) MS Visio
7 1 (0.23%) Photoshop
Business Applications
1 9 (2.08%) Misys Midas
2 7 (1.62%) Sophis RISQUE
2 7 (1.62%) Temenos T24
3 4 (0.93%) SAP S/4HANA
4 3 (0.69%) Dynamics CRM
5 2 (0.46%) FLEXCUBE
5 2 (0.46%) Temenos Globus
6 1 (0.23%) Eikon
6 1 (0.23%) OpenText VIM for SAP
6 1 (0.23%) Oracle Cash Management
6 1 (0.23%) Oracle FAH
6 1 (0.23%) Oracle Financials
6 1 (0.23%) Oracle General Ledger
6 1 (0.23%) Oracle Receivables
6 1 (0.23%) Orchestrade
6 1 (0.23%) SAP CO
6 1 (0.23%) SAP FI
6 1 (0.23%) SAP FI/CO
6 1 (0.23%) SAP FS
Cloud Services
1 39 (9.03%) Azure
2 20 (4.63%) AWS
3 13 (3.01%) GCP
4 9 (2.08%) Office 365
5 8 (1.85%) Power Platform
6 6 (1.39%) GitHub
7 4 (0.93%) IaaS
7 4 (0.93%) PaaS
8 3 (0.69%) Dynamics 365
8 3 (0.69%) OpenShift
9 2 (0.46%) Amazon EKS
9 2 (0.46%) Apigee
9 2 (0.46%) Azure Data Factory
9 2 (0.46%) iPaaS
9 2 (0.46%) Mimecast
9 2 (0.46%) Serverless
9 2 (0.46%) Stackdriver
10 1 (0.23%) Amazon ECS
10 1 (0.23%) Microsoft Flow
10 1 (0.23%) PowerApps
Communications & Networking
1 10 (2.31%) LAN
2 7 (1.62%) Cisco Nexus
2 7 (1.62%) TCP/IP
2 7 (1.62%) WAN
3 6 (1.39%) DNS
3 6 (1.39%) Firewall
4 5 (1.16%) VPN
5 4 (0.93%) BGP
5 4 (0.93%) MPLS
5 4 (0.93%) NAS
5 4 (0.93%) OSPF
6 3 (0.69%) Cisco IOS
6 3 (0.69%) EIGRP
6 3 (0.69%) Junos
6 3 (0.69%) Multicast
6 3 (0.69%) NX-OS
6 3 (0.69%) VoIP
7 2 (0.46%) NetScaler
7 2 (0.46%) Network Security
7 2 (0.46%) PuTTY
Database & Business Intelligence
1 42 (9.72%) SQL Server
2 16 (3.70%) Big Data
2 16 (3.70%) Data Warehouse
3 12 (2.78%) SQL Server Integration Services
4 11 (2.55%) SQL Server Reporting Services
5 10 (2.31%) NoSQL
6 8 (1.85%) Power BI
7 7 (1.62%) Oracle Database
7 7 (1.62%) Relational Database
8 6 (1.39%) Apache Cassandra
8 6 (1.39%) SQL Server Analysis Services
9 5 (1.16%) RDBMS
10 4 (0.93%) Apache Hive
10 4 (0.93%) Hadoop
10 4 (0.93%) SAP HANA
11 3 (0.69%) BusinessObjects
11 3 (0.69%) Flink
11 3 (0.69%) MongoDB
11 3 (0.69%) MySQL
11 3 (0.69%) Parquet
Development Applications
1 25 (5.79%) Jenkins
2 20 (4.63%) JIRA
3 13 (3.01%) Git (software)
4 7 (1.62%) GitLab
4 7 (1.62%) Maven
5 6 (1.39%) TeamCity
6 5 (1.16%) Ant
6 5 (1.16%) Axure RP
6 5 (1.16%) JUnit
6 5 (1.16%) Sonatype Nexus
6 5 (1.16%) Visual Studio
7 4 (0.93%) Cucumber
8 3 (0.69%) Mockito
8 3 (0.69%) Octopus Deploy
8 3 (0.69%) Subversion
8 3 (0.69%) Team Foundation Server
9 2 (0.46%) CircleCI
9 2 (0.46%) Flyway
9 2 (0.46%) Travis CI
9 2 (0.46%) Xcode
General
1 208 (48.15%) Finance
2 100 (23.15%) Investment Banking
3 67 (15.51%) Front Office
4 21 (4.86%) International Banking
5 14 (3.24%) Retail Banking
6 10 (2.31%) Retail
7 9 (2.08%) Telecoms
8 7 (1.62%) Legal
9 6 (1.39%) Corporate Banking
9 6 (1.39%) Games
10 5 (1.16%) Back Office
10 5 (1.16%) Private Banking
11 4 (0.93%) Financial Institution
11 4 (0.93%) Law
11 4 (0.93%) Public Sector
12 2 (0.46%) French Language
12 2 (0.46%) Publishing
12 2 (0.46%) Wholesale Banking
13 1 (0.23%) Billing
13 1 (0.23%) General Ledger
Job Titles
1 145 (33.56%) Developer
2 73 (16.90%) Analyst
3 40 (9.26%) Java Developer
4 39 (9.03%) Business Analyst
5 27 (6.25%) Project Manager
6 25 (5.79%) C# Developer
6 25 (5.79%) Senior Developer
7 21 (4.86%) DevOps Engineer
8 18 (4.17%) Consultant
9 16 (3.70%) Python Developer
10 14 (3.24%) Banking Analyst
10 14 (3.24%) Data Analyst
10 14 (3.24%) SQL Developer
11 13 (3.01%) Architect
12 12 (2.78%) Java Engineer
12 12 (2.78%) Support Engineer
13 9 (2.08%) Senior Analyst
13 9 (2.08%) Senior Java Developer
14 8 (1.85%) Applications Developer
14 8 (1.85%) Infrastructure Engineer
Libraries, Frameworks & Software Standards
1 43 (9.95%) .NET
2 30 (6.94%) HTML
3 23 (5.32%) Spring
4 21 (4.86%) CSS
5 17 (3.94%) REST
6 16 (3.70%) AngularJS
7 14 (3.24%) HTML5
7 14 (3.24%) Web Services
8 12 (2.78%) FIX Protocol
9 11 (2.55%) Spring Boot
10 10 (2.31%) React
10 10 (2.31%) RxJava
10 10 (2.31%) XML
11 9 (2.08%) .NET Framework
11 9 (2.08%) ASP.NET
12 8 (1.85%) RESTful
13 7 (1.62%) CSS3
13 7 (1.62%) Kafka
13 7 (1.62%) Node.js
13 7 (1.62%) WPF
Miscellaneous
1 35 (8.10%) Analytical Skills
2 34 (7.87%) Fixed Income
3 25 (5.79%) Foreign Exchange (FX)
4 24 (5.56%) Greenfield Project
5 15 (3.47%) Data Centre
6 11 (2.55%) Credit Risk
6 11 (2.55%) Enterprise Software
6 11 (2.55%) Equities
6 11 (2.55%) iPad
7 9 (2.08%) SWIFT
8 7 (1.62%) Market Risk
8 7 (1.62%) User Experience
9 6 (1.39%) Data Structures
9 6 (1.39%) Virtual Team
10 5 (1.16%) Client/Server
10 5 (1.16%) Mobile App
10 5 (1.16%) Mobile Banking
11 4 (0.93%) Blackberry
11 4 (0.93%) Derivative
11 4 (0.93%) Video Conferencing
Operating Systems
1 52 (12.04%) Windows
2 23 (5.32%) Linux
3 19 (4.40%) Unix
4 14 (3.24%) Windows 10
5 13 (3.01%) Windows 7
6 11 (2.55%) Apple iOS
6 11 (2.55%) Windows Server
7 10 (2.31%) Android
8 4 (0.93%) Mac OS X
9 3 (0.69%) Mac OS
10 2 (0.46%) Red Hat Enterprise Linux
11 1 (0.23%) Check Point GAiA
11 1 (0.23%) Solaris
Processes & Methodologies
1 84 (19.44%) Agile Software Development
2 45 (10.42%) DevOps
3 34 (7.87%) Problem-Solving
4 33 (7.64%) Stakeholder Management
5 31 (7.18%) Microservices
5 31 (7.18%) Migration
5 31 (7.18%) Software Engineering
6 29 (6.71%) Multithreading
6 29 (6.71%) Project Management
7 26 (6.02%) TDD
8 23 (5.32%) Fintech
9 21 (4.86%) Decision-Making
10 20 (4.63%) Project Delivery
11 19 (4.40%) Business Analysis
11 19 (4.40%) Scrum
12 17 (3.94%) Analytics
13 16 (3.70%) Asset Management
13 16 (3.70%) Electronic Trading
13 16 (3.70%) SDLC
14 15 (3.47%) Test Automation
Programming Languages
1 97 (22.45%) Java
2 69 (15.97%) SQL
3 54 (12.50%) Python
4 47 (10.88%) C#
5 37 (8.56%) JavaScript
6 13 (3.01%) PL/SQL
7 12 (2.78%) C++
8 11 (2.55%) Go
9 9 (2.08%) PowerShell
9 9 (2.08%) T-SQL
10 8 (1.85%) VBScript
11 7 (1.62%) Scala
12 6 (1.39%) Kotlin
13 5 (1.16%) Groovy
13 5 (1.16%) Java 8
13 5 (1.16%) VB
13 5 (1.16%) VBA
14 4 (0.93%) Perl
15 3 (0.69%) Shell Script
15 3 (0.69%) Solidity
Qualifications
1 22 (5.09%) Degree
2 5 (1.16%) CCNP
2 5 (1.16%) Cisco Certification
3 4 (0.93%) A+ Certification
3 4 (0.93%) ACCA
3 4 (0.93%) CCNA
3 4 (0.93%) CompTIA Security+
3 4 (0.93%) ISEB
3 4 (0.93%) Network+ Certification
4 2 (0.46%) CBAP
4 2 (0.46%) CIMA
4 2 (0.46%) CISSP
4 2 (0.46%) FFIEC
4 2 (0.46%) IIBA
4 2 (0.46%) SC Cleared
4 2 (0.46%) Security Cleared
4 2 (0.46%) Six Sigma Black Belt
5 1 (0.23%) ISTQB Foundation Certification
5 1 (0.23%) ITIL Foundation Certificate
5 1 (0.23%) PMP
Quality Assurance & Compliance
1 18 (4.17%) QA
2 7 (1.62%) Data Quality
2 7 (1.62%) PMO
3 3 (0.69%) COBIT
3 3 (0.69%) IFRS
3 3 (0.69%) PSD2
3 3 (0.69%) SLA
4 2 (0.46%) COREP
4 2 (0.46%) Cyber Essentials
4 2 (0.46%) FINREP
4 2 (0.46%) GDPR
4 2 (0.46%) ISO/IEC 27001
4 2 (0.46%) MiFID
4 2 (0.46%) NIST
4 2 (0.46%) SEPA
4 2 (0.46%) WCAG
5 1 (0.23%) Basel III
5 1 (0.23%) EMIR
5 1 (0.23%) IFRS 9
5 1 (0.23%) Sarbanes-Oxley
System Software
1 29 (6.71%) Active Directory
2 20 (4.63%) Docker
3 7 (1.62%) VMware Infrastructure
4 5 (1.16%) Microsoft App-V
4 5 (1.16%) Terminal Services
5 4 (0.93%) VMware ESXi
6 3 (0.69%) OpenAM
6 3 (0.69%) OpenDJ
6 3 (0.69%) XenApp
6 3 (0.69%) XenDesktop
7 2 (0.46%) Citrix Hypervisor
8 1 (0.23%) Hyper-V
8 1 (0.23%) Virtual Desktop
8 1 (0.23%) vSphere
Systems Management
1 31 (7.18%) Kubernetes
2 17 (3.94%) Ansible
3 12 (2.78%) Terraform
4 11 (2.55%) SCCM
5 5 (1.16%) Puppet
6 4 (0.93%) Kibana
6 4 (0.93%) Symantec Endpoint Protection
7 3 (0.69%) logstash
7 3 (0.69%) Tivoli
8 2 (0.46%) Data Guard
8 2 (0.46%) Istio
8 2 (0.46%) Opscode Chef
8 2 (0.46%) Prometheus
8 2 (0.46%) Tivoli Storage Manager
9 1 (0.23%) Backup Exec
9 1 (0.23%) Control-M
9 1 (0.23%) Endace
9 1 (0.23%) Netcool
9 1 (0.23%) Netcool/OMNIbus
9 1 (0.23%) Single Sign-On
Vendors
1 38 (8.80%) Microsoft
2 35 (8.10%) Oracle
3 19 (4.40%) Cisco
4 15 (3.47%) Citrix
5 8 (1.85%) Bloomberg
5 8 (1.85%) Google
5 8 (1.85%) Murex
5 8 (1.85%) SAP
5 8 (1.85%) Splunk
5 8 (1.85%) VMware
6 7 (1.62%) HP
6 7 (1.62%) Juniper
6 7 (1.62%) Sophis
6 7 (1.62%) Temenos
7 6 (1.39%) CheckPoint
7 6 (1.39%) Cognos
7 6 (1.39%) Informatica
8 5 (1.16%) Remedy
8 5 (1.16%) Symantec
8 5 (1.16%) Tableau