Period
to 29 July 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 29 July 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
29 Jul 2021
Same period 2020 Same period 2019
Rank 10 11 11
Rank change year-on-year +1 0 -5
Contract jobs citing Banking 469 287 790
As % of all contract jobs advertised in the City of London 13.69% 12.16% 12.04%
As % of the General category 22.55% 20.65% 20.09%
Number of daily rates quoted 393 221 612
10th Percentile £444 £381 £406
25th Percentile £519 £438 £463
Median daily rate (50th Percentile) £613 £538 £550
Median % change year-on-year +13.95% -2.27% -4.35%
75th Percentile £694 £638 £638
90th Percentile £775 £713 £710
Central London median daily rate £600 £525 £550
% change year-on-year +14.29% -4.55% -4.35%
Number of hourly rates quoted 0 5 10
Median hourly rate - £20.00 £21.00
Median % change year-on-year - -4.76% +12.30%
Central London median hourly rate £14.47 £20.00 £21.00
% change year-on-year -27.68% -4.76% +12.30%

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 2,080 1,390 3,933
As % of all contract IT jobs advertised in the City of London 60.69% 58.90% 59.95%
Number of daily rates quoted 1,480 987 3,011
10th Percentile £363 £313 £320
25th Percentile £463 £413 £425
Median daily rate (50th Percentile) £550 £513 £525
Median % change year-on-year +7.32% -2.38% -
75th Percentile £670 £613 £604
90th Percentile £738 £688 £675
Central London median daily rate £550 £500 £513
% change year-on-year +10.00% -2.44% -
Number of hourly rates quoted 28 30 51
10th Percentile £8.00 £12.42 £11.25
25th Percentile £13.69 £13.07 £12.76
Median hourly rate £23.23 £25.22 £19.50
Median % change year-on-year -7.91% +29.33% +4.28%
75th Percentile £32.55 £38.73 £24.47
90th Percentile £37.75 £48.23 £37.50
Central London median hourly rate £22.00 £26.81 £20.00
% change year-on-year -17.93% +34.04% +6.95%

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 29 July 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 29 July 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 29 July 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.

1 224 (47.76%) Finance
2 156 (33.26%) Investment Banking
3 154 (32.84%) Agile Software Development
4 135 (28.78%) Java
5 102 (21.75%) SQL
6 86 (18.34%) Front Office
7 78 (16.63%) Python
8 76 (16.20%) C#
8 76 (16.20%) Azure
8 76 (16.20%) Social Skills
9 75 (15.99%) TDD
10 68 (14.50%) Microservices
11 67 (14.29%) .NET
12 64 (13.65%) Spring
13 62 (13.22%) Derivative
14 60 (12.79%) AWS
15 56 (11.94%) DevOps
16 50 (10.66%) Oracle
16 50 (10.66%) Continuous Integration
17 49 (10.45%) Kubernetes
18 45 (9.59%) AngularJS
19 44 (9.38%) TypeScript
20 43 (9.17%) Fixed Income
21 42 (8.96%) Credit Risk
22 38 (8.10%) Docker
23 37 (7.89%) Risk Management
24 36 (7.68%) Git (software)
24 36 (7.68%) Spring Boot
25 33 (7.04%) JavaScript
25 33 (7.04%) 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 20 (4.26%) Apache Spark
2 16 (3.41%) Apache
3 12 (2.56%) Red Hat Fuse
4 9 (1.92%) nginx
5 7 (1.49%) SharePoint
6 5 (1.07%) Confluence
6 5 (1.07%) MS Exchange
6 5 (1.07%) Mule
7 4 (0.85%) Cloud Foundry
8 3 (0.64%) Exchange Server 2010
8 3 (0.64%) IBM Notes
8 3 (0.64%) IIS
8 3 (0.64%) Oracle Coherence
8 3 (0.64%) Oracle Workflow
8 3 (0.64%) Tomcat
8 3 (0.64%) WebLogic
8 3 (0.64%) WebSphere
9 2 (0.43%) IBM Domino
9 2 (0.43%) Oracle SOA Suite
9 2 (0.43%) SAS
Applications
1 12 (2.56%) Microsoft Excel
2 7 (1.49%) Microsoft PowerPoint
3 3 (0.64%) MS Visio
3 3 (0.64%) Spreadsheet
4 2 (0.43%) Chatbot
4 2 (0.43%) Microsoft Office
4 2 (0.43%) Microsoft Project
Business Applications
1 4 (0.85%) ION MarketView
2 3 (0.64%) Maximo
2 3 (0.64%) Oracle FAH
2 3 (0.64%) Oracle General Ledger
2 3 (0.64%) Oracle Subledger Accounting
2 3 (0.64%) Summit
3 2 (0.43%) Bloomberg TOMS
3 2 (0.43%) Loan IQ
3 2 (0.43%) Salesforce.com CRM
4 1 (0.21%) FLEXCUBE
4 1 (0.21%) Oracle Payables
4 1 (0.21%) Oracle Procure-to-Pay
4 1 (0.21%) Orchestrade
4 1 (0.21%) SunGard Martini
Cloud Services
1 76 (16.20%) Azure
2 60 (12.79%) AWS
3 22 (4.69%) GCP
4 12 (2.56%) Microsoft 365
5 6 (1.28%) Cloud Computing
6 5 (1.07%) GitHub
7 4 (0.85%) Azure Pipelines
7 4 (0.85%) IaaS
8 3 (0.64%) Power Platform
8 3 (0.64%) Serverless
9 2 (0.43%) Amazon ECS
9 2 (0.43%) AWS CloudFormation
9 2 (0.43%) Firebase
9 2 (0.43%) IBM Cloud
9 2 (0.43%) PaaS
9 2 (0.43%) SaaS
9 2 (0.43%) Snowflake
10 1 (0.21%) Force.com
10 1 (0.21%) Power Automate
10 1 (0.21%) SuccessFactors
Communications & Networking
1 11 (2.35%) Firewall
2 7 (1.49%) DNS
3 5 (1.07%) DHCP
3 5 (1.07%) Skype
3 5 (1.07%) TCP/IP
4 4 (0.85%) Kerberos
4 4 (0.85%) Unified Communications
5 3 (0.64%) HTTP
5 3 (0.64%) SAN
5 3 (0.64%) WAN
5 3 (0.64%) WebEx
6 2 (0.43%) Intrusion Detection
6 2 (0.43%) LAN
6 2 (0.43%) SD-WAN
6 2 (0.43%) SMTP
6 2 (0.43%) Wireless
7 1 (0.21%) FIX Connectivity
7 1 (0.21%) NAS
7 1 (0.21%) VPN
7 1 (0.21%) Wi-Fi
Database & Business Intelligence
1 24 (5.12%) SQL Server
2 21 (4.48%) Big Data
3 18 (3.84%) Data Warehouse
4 16 (3.41%) Relational Database
5 11 (2.35%) Apache Hive
6 10 (2.13%) MongoDB
7 9 (1.92%) Hadoop
7 9 (1.92%) SQL Server Integration Services
8 6 (1.28%) Oracle Database
8 6 (1.28%) PostgreSQL
9 5 (1.07%) Azure SQL Database
9 5 (1.07%) Hazelcast
9 5 (1.07%) SQL Server Analysis Services
10 4 (0.85%) BigQuery
10 4 (0.85%) Bigtable
10 4 (0.85%) NoSQL
10 4 (0.85%) Oracle Database 11g
10 4 (0.85%) Oracle Database 12c
10 4 (0.85%) Redis
10 4 (0.85%) SQL Server 2012
Development Applications
1 36 (7.68%) Git (software)
2 24 (5.12%) JIRA
2 24 (5.12%) Visual Studio
3 21 (4.48%) Jenkins
4 14 (2.99%) Maven
5 13 (2.77%) Cucumber
6 10 (2.13%) TeamCity
7 5 (1.07%) Subversion
8 3 (0.64%) JUnit
9 2 (0.43%) Selenium
9 2 (0.43%) SpecFlow
10 1 (0.21%) Eclipse
10 1 (0.21%) Gradle
10 1 (0.21%) Jasmine
10 1 (0.21%) Moq
10 1 (0.21%) Octopus Deploy
10 1 (0.21%) SoapUI
10 1 (0.21%) Sonatype Nexus
10 1 (0.21%) Storybook
10 1 (0.21%) webpack
General
1 224 (47.76%) Finance
2 156 (33.26%) Investment Banking
3 86 (18.34%) Front Office
4 76 (16.20%) Social Skills
5 27 (5.76%) Analytical Skills
6 20 (4.26%) Financial Institution
7 17 (3.62%) International Banking
8 12 (2.56%) Retail
9 9 (1.92%) Legal
10 7 (1.49%) Retail Banking
11 6 (1.28%) Influencing Skills
12 4 (0.85%) General Ledger
12 4 (0.85%) Presentation Skills
13 3 (0.64%) Back Office
13 3 (0.64%) Prime Brokerage
13 3 (0.64%) Private Banking
14 2 (0.43%) Corporate Banking
14 2 (0.43%) Documentation Skills
14 2 (0.43%) Organisational Skills
14 2 (0.43%) Public Sector
Job Titles
1 229 (48.83%) Developer
2 93 (19.83%) Java Developer
3 55 (11.73%) Analyst
4 53 (11.30%) C# Developer
5 36 (7.68%) Business Analyst
6 31 (6.61%) Project Manager
6 31 (6.61%) Python Developer
7 24 (5.12%) Architect
8 21 (4.48%) Banking Analyst
9 19 (4.05%) Senior Developer
9 19 (4.05%) Senior Java Developer
10 17 (3.62%) Front Office Developer
11 14 (2.99%) Solutions Architect
12 13 (2.77%) AWS Developer
13 12 (2.56%) Banking Project Manager
14 11 (2.35%) Data Engineer
14 11 (2.35%) IT Manager
14 11 (2.35%) React Developer
15 10 (2.13%) IT Project Manager
15 10 (2.13%) Quantitative Developer
Libraries, Frameworks & Software Standards
1 67 (14.29%) .NET
2 64 (13.65%) Spring
3 45 (9.59%) AngularJS
4 36 (7.68%) Spring Boot
5 31 (6.61%) React
6 22 (4.69%) REST
7 20 (4.26%) Kafka
8 17 (3.62%) Middleware
9 15 (3.20%) HTML
10 14 (2.99%) Hibernate
11 13 (2.77%) JMS
12 12 (2.56%) Apache Camel
12 12 (2.56%) HTML5
12 12 (2.56%) OSGi
12 12 (2.56%) WCF
13 11 (2.35%) WPF
14 10 (2.13%) PySpark
14 10 (2.13%) Redux
14 10 (2.13%) RESTful
15 9 (1.92%) Flask
Miscellaneous
1 62 (13.22%) Derivative
2 43 (9.17%) Fixed Income
3 42 (8.96%) Credit Risk
4 30 (6.40%) Foreign Exchange (FX)
4 30 (6.40%) Market Risk
5 27 (5.76%) Interest Rate Derivative
6 17 (3.62%) Enterprise Software
7 16 (3.41%) Equities
8 15 (3.20%) Data Structures
8 15 (3.20%) Greenfield Project
9 10 (2.13%) Clustering
9 10 (2.13%) Management Information System
10 9 (1.92%) Mobile App
11 8 (1.71%) Algorithms
11 8 (1.71%) Grid Computing
11 8 (1.71%) User Experience
12 6 (1.28%) Credit Derivative
13 5 (1.07%) Enterprise Cloud
13 5 (1.07%) Legacy Systems
13 5 (1.07%) SWIFT
Operating Systems
1 32 (6.82%) Linux
2 27 (5.76%) Windows
3 12 (2.56%) Unix
4 9 (1.92%) Windows Server
5 4 (0.85%) Apple iOS
5 4 (0.85%) Windows 10
5 4 (0.85%) Windows Server 2012
5 4 (0.85%) Windows Server 2016
6 3 (0.64%) Android
6 3 (0.64%) Red Hat Enterprise Linux
7 2 (0.43%) Windows 7
7 2 (0.43%) Windows Server 2008
8 1 (0.21%) Windows Server 2019
Processes & Methodologies
1 154 (32.84%) Agile Software Development
2 75 (15.99%) TDD
3 68 (14.50%) Microservices
4 56 (11.94%) DevOps
5 50 (10.66%) Continuous Integration
6 37 (7.89%) Risk Management
7 32 (6.82%) SDLC
8 30 (6.40%) Multithreading
9 29 (6.18%) Project Management
10 28 (5.97%) Software Engineering
11 27 (5.76%) Analytics
12 26 (5.54%) Migration
13 24 (5.12%) OO
13 24 (5.12%) Scrum
14 23 (4.90%) Full Stack Development
14 23 (4.90%) Stakeholder Management
15 21 (4.48%) Test Automation
16 20 (4.26%) Asset Management
17 19 (4.05%) Electronic Trading
17 19 (4.05%) Mathematics
Programming Languages
1 135 (28.78%) Java
2 102 (21.75%) SQL
3 78 (16.63%) Python
4 76 (16.20%) C#
5 44 (9.38%) TypeScript
6 33 (7.04%) JavaScript
7 24 (5.12%) Scala
8 22 (4.69%) Java 8
9 18 (3.84%) C++
10 12 (2.56%) PowerShell
11 7 (1.49%) Java 11
11 7 (1.49%) Kotlin
11 7 (1.49%) PL/SQL
12 6 (1.28%) Ruby
13 5 (1.07%) Go
14 4 (0.85%) C
14 4 (0.85%) Shell Script
14 4 (0.85%) VB
15 3 (0.64%) Bash Shell
15 3 (0.64%) Perl
Qualifications
1 12 (2.56%) Degree
2 7 (1.49%) Cisco Certification
3 5 (1.07%) ACCA
3 5 (1.07%) CCNA
3 5 (1.07%) Microsoft Certification
4 4 (0.85%) CISSP
4 4 (0.85%) PMI Certification
5 3 (0.64%) CIMA
5 3 (0.64%) PRINCE2 Certification
6 2 (0.43%) CCNP
6 2 (0.43%) CEH
6 2 (0.43%) Computer Science Degree
6 2 (0.43%) GIAC
6 2 (0.43%) ISEB
6 2 (0.43%) MCSA
6 2 (0.43%) MCSE
6 2 (0.43%) TOGAF Certification
7 1 (0.21%) CISM
7 1 (0.21%) Master's Degree
7 1 (0.21%) SSCP
Quality Assurance & Compliance
1 12 (2.56%) QA
2 10 (2.13%) PMO
3 9 (1.92%) Data Quality
4 7 (1.49%) GDPR
5 6 (1.28%) IFRS
6 4 (0.85%) COBIT
6 4 (0.85%) ISO/IEC 27001
6 4 (0.85%) NIST
7 3 (0.64%) GAAP
7 3 (0.64%) GRC
8 2 (0.43%) SEPA
8 2 (0.43%) SLA
9 1 (0.21%) Sarbanes-Oxley
System Software
1 38 (8.10%) Docker
2 23 (4.90%) VMware Infrastructure
3 15 (3.20%) Active Directory
4 9 (1.92%) VMware ESXi
5 2 (0.43%) Microsoft App-V
5 2 (0.43%) Oracle RAC
5 2 (0.43%) Platform Symphony
5 2 (0.43%) VMware NSX
6 1 (0.21%) BitLocker
6 1 (0.21%) Virtual Desktop
6 1 (0.21%) Virtual Machines
6 1 (0.21%) vSphere
6 1 (0.21%) XenApp
6 1 (0.21%) XenDesktop
Systems Management
1 49 (10.45%) Kubernetes
2 11 (2.35%) SCCM
3 10 (2.13%) Ansible
4 6 (1.28%) Terraform
5 5 (1.07%) Control-M
5 5 (1.07%) vRealize Orchestrator
6 4 (0.85%) Nexpose
7 3 (0.64%) EMC NetWorker
7 3 (0.64%) Puppet
7 3 (0.64%) QRadar
7 3 (0.64%) Tivoli
7 3 (0.64%) Tivoli Storage Manager
8 2 (0.43%) Active Directory Federation Services
8 2 (0.43%) Data Guard
8 2 (0.43%) Netcool
8 2 (0.43%) vRealize
9 1 (0.21%) Enterprise Manager Cloud Control
9 1 (0.21%) Microsoft Clustering
9 1 (0.21%) Salt
9 1 (0.21%) Single Sign-On
Vendors
1 50 (10.66%) Oracle
2 33 (7.04%) Microsoft
3 24 (5.12%) VMware
4 12 (2.56%) Citrix
4 12 (2.56%) EMC
5 11 (2.35%) Google
5 11 (2.35%) MuleSoft
6 9 (1.92%) IBM
6 9 (1.92%) NetApp
7 7 (1.49%) Bloomberg
7 7 (1.49%) Cloudera
7 7 (1.49%) Hortonworks
7 7 (1.49%) Murex
7 7 (1.49%) Solace
8 6 (1.28%) ION Trading
8 6 (1.28%) ServiceNow
9 5 (1.07%) Avaya
9 5 (1.07%) BMC
9 5 (1.07%) Splunk
9 5 (1.07%) TIBCO