Period
to 24 January 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 24 January 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
24 Jan 2020
Same period 2019 Same period 2018
Rank 12 6 4
Rank change year-on-year -6 -2 0
Contract jobs citing Banking 503 1,023 1,473
As % of all contract IT jobs advertised in the City of London 10.20% 14.96% 20.65%
As % of the General category 23.14% 28.17% 36.74%
Number of daily rates quoted 392 795 1,220
City of London median daily rate £550 £575 £573
Median daily rate % change year-on-year -4.35% +0.44% +4.09%
10th Percentile £339 £375 £363
90th Percentile £750 £725 £738
Central London median daily rate £550 £575 £550
% change year-on-year -4.35% +4.55% -
Number of hourly rates quoted 8 10 14
City of London median hourly rate £21.00 £18.70 £15.00
Median hourly rate % change year-on-year +12.30% +24.67% -68.09%
10th Percentile £16.50 £16.62 £13.60
90th Percentile £31.50 £40.45 £19.81
Central London median hourly rate £20.00 £18.70 £15.00
% change year-on-year +6.95% +24.67% -68.09%

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 2,174 3,631 4,009
As % of all contract IT jobs advertised in the City of London 44.10% 53.08% 56.20%
Number of daily rates quoted 1,626 2,756 3,205
City of London median daily rate £521 £525 £525
Median daily rate % change year-on-year -0.71% - +5.00%
10th Percentile £310 £293 £325
90th Percentile £700 £688 £700
Central London median daily rate £510 £525 £525
% change year-on-year -2.86% - +5.00%
Number of hourly rates quoted 25 45 49
City of London median hourly rate £21.00 £18.70 £21.00
Median hourly rate % change year-on-year +12.30% -10.95% -3.45%
10th Percentile £12.45 £13.00 £11.81
90th Percentile £35.00 £37.09 £34.05
Central London median hourly rate £21.00 £18.70 £21.23
% change year-on-year +12.30% -11.90% -0.12%

Banking
Job Vacancy Trend in the City of London

Job postings citing Banking as a percentage 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

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

Contractor daily rate trend for Banking in the City of London

Banking
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Banking in the City of London over the 6 months to 24 January 2020.

Contractor daily rate histogram for Banking in the City of London

Banking
Contractor Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Banking in the City of London.

Contractor 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 24 January 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 -4 3 £450 -5.26%
London Bridge - 1 £550 -
Banking
Central London

For the 6 months to 24 January 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.

1 248 (49.30%) Finance
2 124 (24.65%) Agile Software Development
3 121 (24.06%) Investment Banking
4 114 (22.66%) Java
5 70 (13.92%) SQL
6 65 (12.92%) Front Office
7 62 (12.33%) Python
8 56 (11.13%) Microservices
9 49 (9.74%) Windows
9 49 (9.74%) Stakeholder Management
10 48 (9.54%) JavaScript
11 47 (9.34%) C#
11 47 (9.34%) Microsoft
12 46 (9.15%) Azure
13 44 (8.75%) DevOps
14 42 (8.35%) Kubernetes
15 41 (8.15%) .NET
15 41 (8.15%) Problem-Solving
16 40 (7.95%) Oracle
17 39 (7.75%) SQL Server
18 36 (7.16%) TDD
19 35 (6.96%) Migration
20 34 (6.76%) Analytical Skills
21 33 (6.56%) Project Management
21 33 (6.56%) HTML
21 33 (6.56%) JIRA
22 32 (6.36%) AWS
22 32 (6.36%) Test Automation
23 31 (6.16%) Active Directory
24 30 (5.96%) Docker

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 18 (3.58%) Confluence
2 9 (1.79%) SharePoint
3 5 (0.99%) Adobe Experience Manager
3 5 (0.99%) Apache Spark
3 5 (0.99%) CMS
4 4 (0.80%) IBM Notes
4 4 (0.80%) Oracle Coherence
5 3 (0.60%) Anypoint
5 3 (0.60%) Elasticsearch
5 3 (0.60%) Ethereum
5 3 (0.60%) Oracle Workflow
5 3 (0.60%) SAS
6 2 (0.40%) Apache
6 2 (0.40%) Appian
6 2 (0.40%) JBoss
6 2 (0.40%) SAP Portal
6 2 (0.40%) SharePoint 2010
6 2 (0.40%) WebSphere
7 1 (0.20%) MS Exchange
7 1 (0.20%) OpenEdge
Applications
1 20 (3.98%) Microsoft Office
2 18 (3.58%) Microsoft Excel
3 13 (2.58%) Microsoft PowerPoint
4 7 (1.39%) MS Visio
4 7 (1.39%) Sketch
5 5 (0.99%) InVision
6 2 (0.40%) Microsoft Project
6 2 (0.40%) Snagit
6 2 (0.40%) Zeplin
7 1 (0.20%) Adobe Creative Suite
7 1 (0.20%) Adobe Illustrator
7 1 (0.20%) Flinto
7 1 (0.20%) Marvel
7 1 (0.20%) Photoshop
Business Applications
1 8 (1.59%) Temenos T24
2 6 (1.19%) Sophis RISQUE
3 4 (0.80%) SAP S/4HANA
4 2 (0.40%) FLEXCUBE
4 2 (0.40%) ION MarketView
4 2 (0.40%) Temenos Globus
5 1 (0.20%) Bloomberg TOMS
5 1 (0.20%) OpenText VIM for SAP
5 1 (0.20%) Oracle Assets
5 1 (0.20%) Oracle Cash Management
5 1 (0.20%) Oracle FAH
5 1 (0.20%) Oracle General Ledger
5 1 (0.20%) Oracle Internet Expenses
5 1 (0.20%) Oracle iProcurement
5 1 (0.20%) Oracle Payables
5 1 (0.20%) Oracle Procure-to-Pay
5 1 (0.20%) Oracle Receivables
5 1 (0.20%) Oracle Subledger Accounting
5 1 (0.20%) SAP CO
5 1 (0.20%) SAP FS
Cloud Services
1 46 (9.15%) Azure
2 32 (6.36%) AWS
3 17 (3.38%) GCP
4 12 (2.39%) Office 365
5 7 (1.39%) GitHub
6 6 (1.19%) PaaS
6 6 (1.19%) Power Platform
7 4 (0.80%) IaaS
8 3 (0.60%) Azure Active Directory
8 3 (0.60%) Mimecast
8 3 (0.60%) Serverless
9 2 (0.40%) Amazon EKS
9 2 (0.40%) Apigee
9 2 (0.40%) AWS Lambda
9 2 (0.40%) Dynamics 365
9 2 (0.40%) iPaaS
9 2 (0.40%) npm
9 2 (0.40%) OpenShift
9 2 (0.40%) SaaS
9 2 (0.40%) Stackdriver
Communications & Networking
1 11 (2.19%) LAN
2 10 (1.99%) TCP/IP
3 9 (1.79%) Firewall
3 9 (1.79%) WAN
4 8 (1.59%) Cisco Nexus
4 8 (1.59%) Multicast
4 8 (1.59%) VPN
5 7 (1.39%) NetScaler
6 5 (0.99%) BGP
6 5 (0.99%) Internet
6 5 (0.99%) NAS
6 5 (0.99%) OSPF
7 4 (0.80%) Cisco IOS
7 4 (0.80%) MPLS
7 4 (0.80%) VoIP
8 3 (0.60%) DNS
8 3 (0.60%) EIGRP
8 3 (0.60%) Junos
8 3 (0.60%) NX-OS
9 2 (0.40%) Remote Desktop
Database & Business Intelligence
1 39 (7.75%) SQL Server
2 17 (3.38%) SQL Server Integration Services
3 13 (2.58%) Big Data
4 12 (2.39%) Oracle Database
4 12 (2.39%) SQL Server Reporting Services
5 9 (1.79%) Data Warehouse
6 8 (1.59%) Hadoop
7 7 (1.39%) Biml
7 7 (1.39%) MySQL
7 7 (1.39%) Oracle Reports
7 7 (1.39%) Relational Database
8 6 (1.19%) Apache Cassandra
8 6 (1.19%) Power BI
9 5 (0.99%) Apache Hive
9 5 (0.99%) DB2
9 5 (0.99%) MongoDB
9 5 (0.99%) NoSQL
9 5 (0.99%) Oracle Database 12c
9 5 (0.99%) SQL Server Analysis Services
10 4 (0.80%) MS Access
Development Applications
1 33 (6.56%) JIRA
2 23 (4.57%) Jenkins
3 17 (3.38%) Git (software)
4 11 (2.19%) TeamCity
5 8 (1.59%) Maven
5 8 (1.59%) Selenium
6 7 (1.39%) Cucumber
6 7 (1.39%) Subversion
7 6 (1.19%) Sonatype Nexus
8 4 (0.80%) Axure RP
8 4 (0.80%) GitLab
8 4 (0.80%) JUnit
9 3 (0.60%) Mockito
10 2 (0.40%) Artifactory
10 2 (0.40%) Eclipse
10 2 (0.40%) Flyway
10 2 (0.40%) JMeter
10 2 (0.40%) Karma Test Runner
10 2 (0.40%) Mocha
10 2 (0.40%) Xcode
General
1 248 (49.30%) Finance
2 121 (24.06%) Investment Banking
3 65 (12.92%) Front Office
4 18 (3.58%) International Banking
5 16 (3.18%) Retail Banking
6 12 (2.39%) Legal
7 9 (1.79%) Financial Institution
7 9 (1.79%) Telecoms
8 7 (1.39%) Games
8 7 (1.39%) Public Sector
9 6 (1.19%) Back Office
9 6 (1.19%) Law
9 6 (1.19%) Retail
10 4 (0.80%) Corporate Banking
10 4 (0.80%) Private Banking
11 2 (0.40%) Advertising
11 2 (0.40%) Billing
11 2 (0.40%) Marketing
11 2 (0.40%) Publishing
11 2 (0.40%) Wholesale Banking
Job Titles
1 169 (33.60%) Developer
2 80 (15.90%) Analyst
3 46 (9.15%) Java Developer
4 37 (7.36%) Business Analyst
4 37 (7.36%) Senior Developer
5 23 (4.57%) Architect
6 22 (4.37%) DevOps Engineer
7 19 (3.78%) Project Manager
8 18 (3.58%) Python Developer
8 18 (3.58%) Senior Java Developer
9 17 (3.38%) Banking Analyst
10 15 (2.98%) SQL Developer
11 14 (2.78%) C# Developer
11 14 (2.78%) Consultant
11 14 (2.78%) Support Engineer
12 13 (2.58%) Desktop Support
12 13 (2.58%) Java Engineer
12 13 (2.58%) Programme Manager
12 13 (2.58%) Test Analyst
13 11 (2.19%) Data Analyst
Libraries, Frameworks & Software Standards
1 41 (8.15%) .NET
2 33 (6.56%) HTML
3 24 (4.77%) CSS
3 24 (4.77%) Spring
4 22 (4.37%) AngularJS
5 20 (3.98%) FIX Protocol
6 19 (3.78%) RESTful
7 17 (3.38%) HTML5
8 15 (2.98%) React
8 15 (2.98%) Spring Boot
8 15 (2.98%) Web Services
9 9 (1.79%) .NET Core
9 9 (1.79%) CSS3
9 9 (1.79%) REST
10 8 (1.59%) Kafka
10 8 (1.59%) Node.js
11 7 (1.39%) ASP.NET
11 7 (1.39%) Flask
11 7 (1.39%) RxJava
11 7 (1.39%) XML
Miscellaneous
1 34 (6.76%) Analytical Skills
2 26 (5.17%) Foreign Exchange (FX)
2 26 (5.17%) Greenfield Project
3 25 (4.97%) Fixed Income
4 23 (4.57%) Equities
5 20 (3.98%) User Experience
6 15 (2.98%) Data Centre
7 14 (2.78%) Derivative
8 12 (2.39%) iPad
9 11 (2.19%) SWIFT
10 9 (1.79%) Data Structures
11 8 (1.59%) Credit Risk
11 8 (1.59%) Enterprise Software
11 8 (1.59%) Market Risk
12 7 (1.39%) Algorithms
12 7 (1.39%) Blackberry
12 7 (1.39%) Mobile Banking
13 6 (1.19%) Virtual Team
14 5 (0.99%) Mobile App
14 5 (0.99%) Mobile Computing
Operating Systems
1 49 (9.74%) Windows
2 24 (4.77%) Linux
2 24 (4.77%) Windows 10
3 17 (3.38%) Unix
3 17 (3.38%) Windows 7
4 11 (2.19%) Android
4 11 (2.19%) Windows Server
5 8 (1.59%) Apple iOS
6 4 (0.80%) Mac OS
7 3 (0.60%) Red Hat Enterprise Linux
8 2 (0.40%) Mac OS X
8 2 (0.40%) Solaris
8 2 (0.40%) Windows Server 2008
9 1 (0.20%) CentOS
9 1 (0.20%) CoreOS
9 1 (0.20%) Windows Server 2012
Processes & Methodologies
1 124 (24.65%) Agile Software Development
2 56 (11.13%) Microservices
3 49 (9.74%) Stakeholder Management
4 44 (8.75%) DevOps
5 41 (8.15%) Problem-Solving
6 36 (7.16%) TDD
7 35 (6.96%) Migration
8 33 (6.56%) Project Management
9 32 (6.36%) Test Automation
10 28 (5.57%) SDLC
11 25 (4.97%) Software Engineering
12 23 (4.57%) Fintech
12 23 (4.57%) Multithreading
12 23 (4.57%) Scrum
13 22 (4.37%) Asset Management
14 21 (4.17%) Project Delivery
15 19 (3.78%) ITIL
16 18 (3.58%) Low Latency
17 16 (3.18%) OO
18 14 (2.78%) Analytics
Programming Languages
1 114 (22.66%) Java
2 70 (13.92%) SQL
3 62 (12.33%) Python
4 48 (9.54%) JavaScript
5 47 (9.34%) C#
6 17 (3.38%) C++
6 17 (3.38%) Scala
7 14 (2.78%) Go
8 13 (2.58%) PL/SQL
9 12 (2.39%) Perl
10 10 (1.99%) Java 8
11 9 (1.79%) T-SQL
12 6 (1.19%) Groovy
12 6 (1.19%) Kotlin
12 6 (1.19%) PowerShell
13 5 (0.99%) Shell Script
14 4 (0.80%) C
14 4 (0.80%) R
15 3 (0.60%) Bash Shell
15 3 (0.60%) TypeScript
Qualifications
1 28 (5.57%) Degree
2 8 (1.59%) Security Cleared
3 7 (1.39%) ISTQB
3 7 (1.39%) SC Cleared
4 6 (1.19%) ITIL Certification
5 5 (0.99%) CISSP
5 5 (0.99%) Citrix Certification
5 5 (0.99%) ISEB
5 5 (0.99%) OCA
5 5 (0.99%) OCP
5 5 (0.99%) Oracle Certification
6 4 (0.80%) CCNP
6 4 (0.80%) CISA
6 4 (0.80%) Cisco Certification
6 4 (0.80%) CISM
6 4 (0.80%) ISTQB Foundation Certification
7 3 (0.60%) CCA
7 3 (0.60%) CCNA
7 3 (0.60%) CRISC
7 3 (0.60%) PMP
Quality Assurance & Compliance
1 18 (3.58%) QA
2 17 (3.38%) PMO
3 6 (1.19%) Data Quality
3 6 (1.19%) SLA
4 3 (0.60%) COBIT
5 2 (0.40%) COREP
5 2 (0.40%) Cyber Essentials
5 2 (0.40%) FINREP
5 2 (0.40%) ISO/IEC 27001
5 2 (0.40%) MiFID
5 2 (0.40%) NIST
5 2 (0.40%) PSD2
5 2 (0.40%) SEPA
5 2 (0.40%) WCAG
6 1 (0.20%) Basel III
6 1 (0.20%) EMIR
6 1 (0.20%) IFRS
6 1 (0.20%) IFRS 9
System Software
1 31 (6.16%) Active Directory
2 30 (5.96%) Docker
3 10 (1.99%) XenApp
3 10 (1.99%) XenDesktop
4 9 (1.79%) VMware Infrastructure
5 5 (0.99%) Citrix Hypervisor
5 5 (0.99%) Oracle RAC
5 5 (0.99%) VMware ESXi
6 3 (0.60%) vSphere
7 2 (0.40%) Hyper-V
7 2 (0.40%) Virtual Desktop
8 1 (0.20%) Apache ZooKeeper
8 1 (0.20%) Microsoft App-V
8 1 (0.20%) OpenAM
8 1 (0.20%) OpenDJ
Systems Management
1 42 (8.35%) Kubernetes
2 21 (4.17%) Ansible
3 19 (3.78%) Terraform
4 8 (1.59%) SCCM
5 6 (1.19%) Data Guard
5 6 (1.19%) Oracle RMAN
6 5 (0.99%) Puppet
6 5 (0.99%) Single Sign-On
6 5 (0.99%) Symantec Endpoint Protection
7 3 (0.60%) Istio
8 2 (0.40%) Kibana
8 2 (0.40%) logstash
8 2 (0.40%) Opscode Chef
8 2 (0.40%) vCenter Server
9 1 (0.20%) Endace
9 1 (0.20%) Enterprise Manager Cloud Control
9 1 (0.20%) Grafana
9 1 (0.20%) Hadoop YARN
9 1 (0.20%) Mesos
9 1 (0.20%) XenMobile
Vendors
1 47 (9.34%) Microsoft
2 40 (7.95%) Oracle
3 21 (4.17%) Cisco
4 15 (2.98%) Citrix
5 13 (2.58%) Google
6 10 (1.99%) Bloomberg
6 10 (1.99%) HP
6 10 (1.99%) VMware
7 8 (1.59%) Adobe
7 8 (1.59%) Splunk
7 8 (1.59%) Sybase
8 7 (1.39%) Murex
8 7 (1.39%) SAP
8 7 (1.39%) Solace
8 7 (1.39%) Symantec
8 7 (1.39%) Tableau
8 7 (1.39%) Temenos
9 6 (1.19%) CheckPoint
9 6 (1.19%) Informatica
9 6 (1.19%) Juniper