Period
to 8 August 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 8 August 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
8 Aug 2020
Same period 2019 Same period 2018
Rank 9 9 5
Rank change year-on-year 0 -4 -1
Contract jobs citing Banking 288 794 1,068
As % of all contract jobs advertised in the City of London 12.93% 12.22% 15.35%
As % of the General category 25.99% 24.20% 28.70%
Number of daily rates quoted 229 617 816
Median daily rate £525 £550 £575
Median daily rate % change year-on-year -4.55% -4.35% +4.55%
10th Percentile £400 £405 £384
90th Percentile £700 £710 £738
Central London median daily rate £525 £550 £575
% change year-on-year -4.55% -4.35% +4.55%
Number of hourly rates quoted 10 12 22
Median hourly rate £31.09 £21.00 £18.70
Median hourly rate % change year-on-year +48.04% +12.30% +10.00%
10th Percentile £17.15 £21.00 £13.03
90th Percentile £35.00 £21.68 £21.30
Central London median hourly rate £31.09 £21.00 £18.70
% change year-on-year +48.04% +12.30% +10.00%

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 the City of London with a requirement for common skills.

All General Skills
City of London
Contract vacancies with a requirement for common skills 1,108 3,281 3,721
As % of all contract IT jobs advertised in the City of London 49.73% 50.51% 53.49%
Number of daily rates quoted 755 2,507 2,884
Median daily rate £525 £525 £525
10th Percentile £313 £343 £325
90th Percentile £688 £688 £700
Central London median daily rate £513 £520 £525
% change year-on-year -1.44% -0.95% +5.00%
Number of hourly rates quoted 40 36 58
Median hourly rate £35.00 £21.00 £18.85
Median hourly rate % change year-on-year +66.67% +11.41% -8.23%
10th Percentile £12.72 £11.25 £13.24
90th Percentile £53.38 £83.75 £33.23
Median hourly rate £35.00 £21.00 £19.00
% change year-on-year +66.67% +10.53% +1.60%

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 8 August 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 8 August 2020.

Hourly rate histogram for Banking in the City of London

For the 6 months to 8 August 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.

1 150 (52.08%) Finance
2 79 (27.43%) Investment Banking
3 72 (25.00%) Java
4 69 (23.96%) Agile Software Development
5 55 (19.10%) Front Office
6 43 (14.93%) SQL
7 40 (13.89%) Microsoft
8 38 (13.19%) Python
9 35 (12.15%) Windows
9 35 (12.15%) C#
10 32 (11.11%) .NET
10 32 (11.11%) Fixed Income
10 32 (11.11%) Azure
11 31 (10.76%) Multithreading
11 31 (10.76%) SQL Server
12 28 (9.72%) DevOps
13 27 (9.38%) TDD
14 26 (9.03%) HTML
15 25 (8.68%) Oracle
16 24 (8.33%) JavaScript
16 24 (8.33%) Foreign Exchange (FX)
17 23 (7.99%) Migration
18 22 (7.64%) Active Directory
19 21 (7.29%) Stakeholder Management
19 21 (7.29%) QA
20 20 (6.94%) Degree
20 20 (6.94%) AWS
21 19 (6.60%) Linux
21 19 (6.60%) Kubernetes
21 19 (6.60%) Problem-Solving

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 17 (5.90%) Apache Spark
2 9 (3.13%) Confluence
3 7 (2.43%) Apache
3 7 (2.43%) Elasticsearch
4 5 (1.74%) SharePoint
5 4 (1.39%) MS Exchange
5 4 (1.39%) Tornado
6 3 (1.04%) IIS
7 2 (0.69%) Appian
7 2 (0.69%) Exchange Server 2010
7 2 (0.69%) IBM Notes
7 2 (0.69%) JBoss
7 2 (0.69%) nginx
7 2 (0.69%) Skype for Business
7 2 (0.69%) WebLogic
7 2 (0.69%) WebSphere
8 1 (0.35%) Oracle SOA Suite
8 1 (0.35%) Red Hat Fuse
8 1 (0.35%) SharePoint 2010
8 1 (0.35%) TIBCO ActiveMatrix
Applications
1 10 (3.47%) Microsoft Excel
1 10 (3.47%) Microsoft Office
2 6 (2.08%) Microsoft PowerPoint
2 6 (2.08%) Spreadsheet
3 4 (1.39%) MS Visio
4 2 (0.69%) Sketch
Business Applications
1 7 (2.43%) Misys Midas
2 3 (1.04%) Dynamics CRM
3 2 (0.69%) SunGard Martini
4 1 (0.35%) BusinessWorks
4 1 (0.35%) Eikon
4 1 (0.35%) Loan IQ
4 1 (0.35%) Oracle Cash Management
4 1 (0.35%) Oracle FAH
4 1 (0.35%) Oracle Financials
4 1 (0.35%) Oracle General Ledger
4 1 (0.35%) Oracle Receivables
4 1 (0.35%) Summit
Cloud Services
1 32 (11.11%) Azure
2 20 (6.94%) AWS
3 15 (5.21%) GCP
4 7 (2.43%) GitHub
5 5 (1.74%) Office 365
5 5 (1.74%) PaaS
5 5 (1.74%) Power Platform
6 4 (1.39%) Cloud Computing
6 4 (1.39%) IaaS
6 4 (1.39%) SaaS
7 3 (1.04%) Dynamics 365
8 2 (0.69%) Amazon ECS
8 2 (0.69%) Amazon EKS
8 2 (0.69%) AWS CloudFormation
8 2 (0.69%) Azure Data Factory
8 2 (0.69%) OpenShift
9 1 (0.35%) Amazon ElastiCache
9 1 (0.35%) AWS Lambda
9 1 (0.35%) IBM Cloud
9 1 (0.35%) Slack
Communications & Networking
1 8 (2.78%) DNS
2 6 (2.08%) Firewall
3 5 (1.74%) Internet
3 5 (1.74%) TCP/IP
4 4 (1.39%) Kerberos
5 3 (1.04%) BGP
5 3 (1.04%) LAN
5 3 (1.04%) OSPF
6 2 (0.69%) Cisco IOS
6 2 (0.69%) DHCP
6 2 (0.69%) Intranet
6 2 (0.69%) NetScaler
6 2 (0.69%) SAN
6 2 (0.69%) VLAN
7 1 (0.35%) Cisco Nexus
7 1 (0.35%) F5 BIG-IP GTM
7 1 (0.35%) F5 BIG-IP LTM
7 1 (0.35%) Multicast
7 1 (0.35%) PuTTY
7 1 (0.35%) Skype
Database & Business Intelligence
1 31 (10.76%) SQL Server
2 18 (6.25%) Big Data
3 14 (4.86%) Data Warehouse
4 10 (3.47%) SQL Server Reporting Services
5 9 (3.13%) NoSQL
6 8 (2.78%) Hadoop
6 8 (2.78%) Relational Database
7 7 (2.43%) OLAP
7 7 (2.43%) Oracle Database
7 7 (2.43%) SQL Server Integration Services
8 6 (2.08%) Apache Hive
8 6 (2.08%) MongoDB
8 6 (2.08%) RDBMS
9 5 (1.74%) Power BI
10 4 (1.39%) PostgreSQL
10 4 (1.39%) SQL Server Analysis Services
11 3 (1.04%) MS Access
11 3 (1.04%) Parquet
12 2 (0.69%) Enterprise Data Warehouse
12 2 (0.69%) OLAP Cube
Development Applications
1 16 (5.56%) Jenkins
2 11 (3.82%) Git (software)
2 11 (3.82%) JIRA
3 9 (3.13%) TeamCity
4 8 (2.78%) Subversion
5 6 (2.08%) GitLab
6 5 (1.74%) Ant
6 5 (1.74%) Hudson
6 5 (1.74%) Maven
6 5 (1.74%) Visual Studio
7 4 (1.39%) ProC
8 3 (1.04%) Axure RP
8 3 (1.04%) Cucumber
8 3 (1.04%) JUnit
8 3 (1.04%) PowerBuilder
9 2 (0.69%) Artifactory
9 2 (0.69%) CircleCI
9 2 (0.69%) Liquibase
9 2 (0.69%) Travis CI
9 2 (0.69%) VisualSVN
General
1 150 (52.08%) Finance
2 79 (27.43%) Investment Banking
3 55 (19.10%) Front Office
4 18 (6.25%) International Banking
5 12 (4.17%) Financial Institution
6 11 (3.82%) Retail
7 6 (2.08%) Legal
7 6 (2.08%) Telecoms
8 4 (1.39%) Back Office
9 2 (0.69%) Advertising
9 2 (0.69%) Corporate Banking
9 2 (0.69%) French Language
9 2 (0.69%) General Ledger
9 2 (0.69%) Retail Banking
10 1 (0.35%) Billing
10 1 (0.35%) Private Banking
Job Titles
1 113 (39.24%) Developer
2 40 (13.89%) Analyst
3 39 (13.54%) Java Developer
4 23 (7.99%) Business Analyst
5 17 (5.90%) C# Developer
6 15 (5.21%) Project Manager
7 13 (4.51%) Architect
8 12 (4.17%) Senior Developer
9 10 (3.47%) Python Developer
10 9 (3.13%) Network Engineer
11 8 (2.78%) Consultant
11 8 (2.78%) Low Latency Java Developer
12 7 (2.43%) Azure Developer
12 7 (2.43%) Banking Analyst
12 7 (2.43%) DevOps Engineer
12 7 (2.43%) Quantitative Developer
13 6 (2.08%) .NET Developer
13 6 (2.08%) Agile Java Developer
13 6 (2.08%) Financial Analyst
13 6 (2.08%) IT Manager
Libraries, Frameworks & Software Standards
1 32 (11.11%) .NET
2 26 (9.03%) HTML
3 17 (5.90%) CSS
4 16 (5.56%) REST
5 15 (5.21%) HTML5
6 12 (4.17%) Spring
6 12 (4.17%) Web Services
7 11 (3.82%) AngularJS
8 9 (3.13%) .NET Framework
8 9 (3.13%) React
9 8 (2.78%) CSS3
10 7 (2.43%) ASP.NET
10 7 (2.43%) FIX Protocol
10 7 (2.43%) Node.js
10 7 (2.43%) RxJava
11 6 (2.08%) Spring Boot
12 5 (1.74%) Flask
12 5 (1.74%) Kafka
12 5 (1.74%) Reactive Extensions
12 5 (1.74%) Redux
Miscellaneous
1 32 (11.11%) Fixed Income
2 24 (8.33%) Foreign Exchange (FX)
3 17 (5.90%) Analytical Skills
4 13 (4.51%) Greenfield Project
5 10 (3.47%) Credit Risk
6 9 (3.13%) Enterprise Software
7 8 (2.78%) Data Centre
8 7 (2.43%) Data Structures
8 7 (2.43%) Market Risk
9 6 (2.08%) Blackberry
9 6 (2.08%) Hedge funds
10 5 (1.74%) iPad
10 5 (1.74%) User Experience
11 4 (1.39%) Clustering
11 4 (1.39%) Derivative
11 4 (1.39%) Equities
11 4 (1.39%) Management Information System
12 3 (1.04%) Algorithms
12 3 (1.04%) Mobile App
12 3 (1.04%) Replication
Operating Systems
1 35 (12.15%) Windows
2 19 (6.60%) Linux
3 14 (4.86%) Unix
4 8 (2.78%) Windows 10
4 8 (2.78%) Windows Server
5 6 (2.08%) Windows 7
6 5 (1.74%) Android
7 4 (1.39%) Apple iOS
8 3 (1.04%) Red Hat Enterprise Linux
8 3 (1.04%) Windows Server 2012
8 3 (1.04%) Windows Server 2016
8 3 (1.04%) Windows Server 2019
9 2 (0.69%) Mac OS
9 2 (0.69%) Mac OS X
9 2 (0.69%) Windows Server 2008
10 1 (0.35%) Check Point GAiA
Processes & Methodologies
1 69 (23.96%) Agile Software Development
2 31 (10.76%) Multithreading
3 28 (9.72%) DevOps
4 27 (9.38%) TDD
5 23 (7.99%) Migration
6 21 (7.29%) Stakeholder Management
7 19 (6.60%) Problem-Solving
8 18 (6.25%) Electronic Trading
8 18 (6.25%) Software Engineering
9 16 (5.56%) Scrum
10 15 (5.21%) Microservices
11 14 (4.86%) Analytics
11 14 (4.86%) Asset Management
11 14 (4.86%) BDD
11 14 (4.86%) Business Analysis
11 14 (4.86%) Change Management
11 14 (4.86%) Mathematics
11 14 (4.86%) Project Management
11 14 (4.86%) Risk Management
12 13 (4.51%) OO
Programming Languages
1 72 (25.00%) Java
2 43 (14.93%) SQL
3 38 (13.19%) Python
4 35 (12.15%) C#
5 24 (8.33%) JavaScript
6 18 (6.25%) Scala
7 12 (4.17%) C++
8 10 (3.47%) PowerShell
9 9 (3.13%) TypeScript
10 7 (2.43%) Java 8
10 7 (2.43%) T-SQL
10 7 (2.43%) VBA
11 6 (2.08%) Groovy
11 6 (2.08%) PL/SQL
12 5 (1.74%) Kotlin
12 5 (1.74%) Perl
12 5 (1.74%) VBScript
13 4 (1.39%) VB
14 3 (1.04%) Korn
15 2 (0.69%) Bash Shell
Qualifications
1 20 (6.94%) Degree
2 8 (2.78%) Cisco Certification
3 7 (2.43%) CCNP
4 6 (2.08%) Numerate Degree
5 3 (1.04%) CCIE
6 2 (0.69%) A+ Certification
6 2 (0.69%) ACCA
6 2 (0.69%) CIMA
6 2 (0.69%) CompTIA Security+
6 2 (0.69%) FFIEC
6 2 (0.69%) ISEB
6 2 (0.69%) ITIL Foundation Certificate
6 2 (0.69%) MCSA
6 2 (0.69%) MCSE
6 2 (0.69%) Microsoft Certification
6 2 (0.69%) Network+ Certification
6 2 (0.69%) Security Cleared
7 1 (0.35%) CBAP
7 1 (0.35%) IIBA
7 1 (0.35%) Master's Degree
Quality Assurance & Compliance
1 21 (7.29%) QA
2 4 (1.39%) PMO
3 2 (0.69%) GDPR
3 2 (0.69%) IFRS
3 2 (0.69%) MiFID
3 2 (0.69%) NIST
3 2 (0.69%) PSD2
3 2 (0.69%) SLA
4 1 (0.35%) COBIT
4 1 (0.35%) COREP
4 1 (0.35%) Data Quality
4 1 (0.35%) FINREP
4 1 (0.35%) ISO/IEC 27001
4 1 (0.35%) PCI DSS
4 1 (0.35%) Sarbanes-Oxley
System Software
1 22 (7.64%) Active Directory
2 13 (4.51%) Docker
3 11 (3.82%) VMware Infrastructure
4 6 (2.08%) Microsoft App-V
5 3 (1.04%) VMware ESXi
5 3 (1.04%) XenApp
5 3 (1.04%) XenDesktop
6 2 (0.69%) Terminal Services
7 1 (0.35%) OpenAM
7 1 (0.35%) OpenDJ
7 1 (0.35%) Virtual Desktop
7 1 (0.35%) Virtual Machines
Systems Management
1 19 (6.60%) Kubernetes
2 9 (3.13%) Ansible
3 7 (2.43%) SCCM
3 7 (2.43%) Terraform
4 5 (1.74%) Tivoli
5 3 (1.04%) Opscode Chef
5 3 (1.04%) Puppet
5 3 (1.04%) Tivoli Storage Manager
6 2 (0.69%) Control-M
6 2 (0.69%) Data Guard
6 2 (0.69%) HP Quality Center
6 2 (0.69%) Microsoft Clustering
6 2 (0.69%) Netcool
6 2 (0.69%) Oracle Enterprise Manager
7 1 (0.35%) Icinga
7 1 (0.35%) McAfee ePO
7 1 (0.35%) Prometheus
7 1 (0.35%) QRadar
7 1 (0.35%) Single Sign-On
7 1 (0.35%) Tivoli Monitoring
Vendors
1 40 (13.89%) Microsoft
2 25 (8.68%) Oracle
3 11 (3.82%) VMware
4 10 (3.47%) Cisco
5 9 (3.13%) Citrix
5 9 (3.13%) IBM
6 7 (2.43%) Google
7 6 (2.08%) F5
8 5 (1.74%) Bloomberg
8 5 (1.74%) Cloudera
8 5 (1.74%) Cognos
8 5 (1.74%) Databricks
8 5 (1.74%) EMC
8 5 (1.74%) Hortonworks
8 5 (1.74%) Splunk
9 4 (1.39%) Palo Alto
9 4 (1.39%) Red Hat
9 4 (1.39%) Remedy
9 4 (1.39%) ServiceNow
9 4 (1.39%) Sybase