Period
to 31 October 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 31 October 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
31 Oct 2020
Same period 2019 Same period 2018
Rank 7 14 6
Rank change year-on-year +7 -8 -2
Contract jobs citing Banking 283 661 1,024
As % of all contract jobs advertised in the City of London 15.67% 11.13% 14.57%
As % of the General category 29.85% 23.64% 27.45%
Number of daily rates quoted 217 527 795
Median daily rate £525 £550 £575
Median daily rate % change year-on-year -4.55% -4.35% -
10th Percentile £406 £363 £374
90th Percentile £690 £725 £725
Central London median daily rate £525 £544 £575
% change year-on-year -3.45% -5.43% +2.68%
Number of hourly rates quoted 7 10 15
Median hourly rate £23.00 £21.00 £18.70
Median hourly rate % change year-on-year +9.52% +12.30% +24.67%
10th Percentile £19.00 £16.50 £17.60
90th Percentile £35.00 £31.85 £22.20
Central London median hourly rate £23.00 £21.00 £18.70
% change year-on-year +9.52% +12.30% +24.67%

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 948 2,796 3,731
As % of all contract IT jobs advertised in the City of London 52.49% 47.08% 53.08%
Number of daily rates quoted 634 2,132 2,902
Median daily rate £525 £523 £525
Median daily rate % change year-on-year +0.48% -0.48% -
10th Percentile £313 £330 £313
90th Percentile £704 £700 £688
Central London median daily rate £525 £513 £525
% change year-on-year +2.44% -2.38% +0.96%
Number of hourly rates quoted 22 24 62
Median hourly rate £30.75 £21.00 £19.25
Median hourly rate % change year-on-year +46.43% +9.09% -7.78%
10th Percentile £15.25 £12.76 £13.31
90th Percentile £60.83 £33.95 £37.09
Median hourly rate £28.20 £21.00 £19.25
% change year-on-year +34.26% +9.09% -6.10%

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 31 October 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 31 October 2020.

Hourly rate histogram for Banking in the City of London

For the 6 months to 31 October 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.

1 158 (55.83%) Finance
2 90 (31.80%) Investment Banking
3 81 (28.62%) Java
4 74 (26.15%) Agile Software Development
5 64 (22.61%) Front Office
6 53 (18.73%) SQL
7 42 (14.84%) Python
8 40 (14.13%) JavaScript
8 40 (14.13%) Microsoft
9 36 (12.72%) Microservices
10 34 (12.01%) Azure
11 33 (11.66%) TDD
11 33 (11.66%) HTML
12 32 (11.31%) Continuous Integration
12 32 (11.31%) Multithreading
13 31 (10.95%) C#
13 31 (10.95%) SQL Server
13 31 (10.95%) REST
14 30 (10.60%) Linux
15 29 (10.25%) Foreign Exchange (FX)
16 28 (9.89%) Windows
16 28 (9.89%) Jenkins
17 27 (9.54%) Oracle
18 26 (9.19%) Scrum
19 25 (8.83%) Migration
19 25 (8.83%) Degree
20 24 (8.48%) AWS
21 23 (8.13%) HTML5
21 23 (8.13%) Scala
21 23 (8.13%) AngularJS

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 (6.01%) Apache Spark
2 10 (3.53%) Confluence
3 9 (3.18%) Apache
4 8 (2.83%) Red Hat Fuse
5 6 (2.12%) Elasticsearch
5 6 (2.12%) SharePoint
6 5 (1.77%) Tornado
7 4 (1.41%) MS Exchange
7 4 (1.41%) nginx
7 4 (1.41%) Skype for Business
7 4 (1.41%) WebSphere
8 3 (1.06%) IIS
8 3 (1.06%) JBoss
9 2 (0.71%) Appian
9 2 (0.71%) Exchange Server 2010
9 2 (0.71%) IBM HTTP Server
9 2 (0.71%) Jupyter
9 2 (0.71%) SharePoint 2010
9 2 (0.71%) WebSphere Application Server
10 1 (0.35%) TIBCO ActiveMatrix
Applications
1 19 (6.71%) Microsoft Excel
2 13 (4.59%) Microsoft PowerPoint
3 11 (3.89%) Microsoft Office
4 7 (2.47%) MS Visio
5 5 (1.77%) Spreadsheet
6 2 (0.71%) Sketch
Business Applications
1 3 (1.06%) Temenos T24
2 2 (0.71%) SunGard Martini
3 1 (0.35%) BusinessWorks
3 1 (0.35%) Dynamics CRM
3 1 (0.35%) Global One
3 1 (0.35%) Loan IQ
3 1 (0.35%) Refinitiv Enterprise Platform
3 1 (0.35%) SAP CO
3 1 (0.35%) SAP FI
3 1 (0.35%) SAP FI/CO
3 1 (0.35%) Summit
3 1 (0.35%) thinkFolio
Cloud Services
1 34 (12.01%) Azure
2 24 (8.48%) AWS
3 19 (6.71%) GCP
4 11 (3.89%) PaaS
5 10 (3.53%) GitHub
5 10 (3.53%) SaaS
6 7 (2.47%) IaaS
6 7 (2.47%) Power Platform
7 6 (2.12%) Cloud Computing
8 5 (1.77%) AWS CloudFormation
8 5 (1.77%) Office 365
9 4 (1.41%) Amazon ECS
9 4 (1.41%) Amazon ElastiCache
9 4 (1.41%) Amazon Kinesis
9 4 (1.41%) Serverless
10 3 (1.06%) Amazon S3
10 3 (1.06%) AWS Lambda
11 2 (0.71%) Amazon EC2
11 2 (0.71%) IBM Cloud
11 2 (0.71%) Virtual Private Cloud
Communications & Networking
1 15 (5.30%) Firewall
2 7 (2.47%) TCP/IP
3 6 (2.12%) Kerberos
4 5 (1.77%) DNS
4 5 (1.77%) Internet
4 5 (1.77%) WAN
5 4 (1.41%) LAN
5 4 (1.41%) SAN
5 4 (1.41%) VPN
6 3 (1.06%) BGP
6 3 (1.06%) Multicast
6 3 (1.06%) OSPF
6 3 (1.06%) Skype
7 2 (0.71%) Cisco Nexus
7 2 (0.71%) DHCP
7 2 (0.71%) HTTP
7 2 (0.71%) Intranet
7 2 (0.71%) NetScaler
7 2 (0.71%) SSL
7 2 (0.71%) VLAN
Database & Business Intelligence
1 31 (10.95%) SQL Server
2 13 (4.59%) Data Warehouse
2 13 (4.59%) Relational Database
3 11 (3.89%) Big Data
3 11 (3.89%) NoSQL
4 10 (3.53%) Hadoop
4 10 (3.53%) PostgreSQL
5 9 (3.18%) MongoDB
5 9 (3.18%) SQL Server Integration Services
6 7 (2.47%) Power BI
6 7 (2.47%) RDBMS
6 7 (2.47%) SQL Server Reporting Services
7 6 (2.12%) Apache Hive
8 5 (1.77%) MySQL
8 5 (1.77%) Oracle Database
9 4 (1.41%) OLAP
9 4 (1.41%) SQL Server Analysis Services
10 3 (1.06%) MS Access
10 3 (1.06%) Oracle Database 12c
11 2 (0.71%) OLAP Cube
Development Applications
1 28 (9.89%) Jenkins
2 21 (7.42%) Git (software)
3 14 (4.95%) JIRA
4 13 (4.59%) TeamCity
5 10 (3.53%) Subversion
6 7 (2.47%) Hudson
7 6 (2.12%) MSBuild
8 5 (1.77%) GitLab
8 5 (1.77%) JUnit
8 5 (1.77%) ProC
9 4 (1.41%) Maven
10 3 (1.06%) Cucumber
10 3 (1.06%) GCC
10 3 (1.06%) GDB
10 3 (1.06%) Sonatype Nexus
11 2 (0.71%) Artifactory
11 2 (0.71%) FishEye
11 2 (0.71%) IBM UrbanCode
11 2 (0.71%) VisualSVN
11 2 (0.71%) webpack
General
1 158 (55.83%) Finance
2 90 (31.80%) Investment Banking
3 64 (22.61%) Front Office
4 21 (7.42%) International Banking
5 16 (5.65%) Financial Institution
6 9 (3.18%) Retail
7 8 (2.83%) Back Office
7 8 (2.83%) Legal
8 5 (1.77%) French Language
9 3 (1.06%) Advertising
9 3 (1.06%) Telecoms
10 1 (0.35%) Corporate Banking
10 1 (0.35%) General Ledger
10 1 (0.35%) Manufacturing
Job Titles
1 124 (43.82%) Developer
2 46 (16.25%) Analyst
3 42 (14.84%) Java Developer
4 22 (7.77%) Business Analyst
5 18 (6.36%) Architect
6 13 (4.59%) C# Developer
7 10 (3.53%) Senior Developer
8 9 (3.18%) Angular Developer
8 9 (3.18%) Front Office Developer
8 9 (3.18%) Low Latency Java Developer
8 9 (3.18%) Solutions Architect
9 8 (2.83%) .NET Developer
9 8 (2.83%) Agile Developer
9 8 (2.83%) Agile Java Developer
9 8 (2.83%) Applications Developer
9 8 (2.83%) Full Stack Developer
9 8 (2.83%) Python Developer
9 8 (2.83%) Technical Analyst
10 7 (2.47%) Administrator
10 7 (2.47%) Quantitative Developer
Libraries, Frameworks & Software Standards
1 33 (11.66%) HTML
2 31 (10.95%) REST
3 23 (8.13%) AngularJS
3 23 (8.13%) HTML5
4 22 (7.77%) Spring
5 20 (7.07%) .NET
6 19 (6.71%) CSS
7 13 (4.59%) jQuery
8 11 (3.89%) Kafka
8 11 (3.89%) Redux
9 10 (3.53%) FIX Protocol
9 10 (3.53%) Middleware
9 10 (3.53%) Spring Boot
10 9 (3.18%) CSS3
11 8 (2.83%) Hibernate
11 8 (2.83%) JMS
11 8 (2.83%) Node.js
11 8 (2.83%) React
11 8 (2.83%) Web Services
12 7 (2.47%) JDBC
Miscellaneous
1 29 (10.25%) Foreign Exchange (FX)
2 19 (6.71%) Fixed Income
3 17 (6.01%) Analytical Skills
4 15 (5.30%) Clustering
5 14 (4.95%) Derivative
6 10 (3.53%) Enterprise Software
6 10 (3.53%) Market Risk
7 9 (3.18%) Greenfield Project
8 8 (2.83%) Credit Risk
9 6 (2.12%) Data Centre
10 5 (1.77%) Equities
10 5 (1.77%) Hedge funds
10 5 (1.77%) Management Information System
11 4 (1.41%) Blackberry
11 4 (1.41%) Replication
11 4 (1.41%) User Experience
12 3 (1.06%) Cyber Kill Chain
12 3 (1.06%) Mobile App
12 3 (1.06%) Video Conferencing
13 2 (0.71%) iPhone
Operating Systems
1 30 (10.60%) Linux
2 28 (9.89%) Windows
3 17 (6.01%) Unix
4 11 (3.89%) Windows Server
5 8 (2.83%) Android
6 7 (2.47%) Windows 10
6 7 (2.47%) Windows Server 2012
6 7 (2.47%) Windows Server 2016
7 5 (1.77%) Windows Server 2019
8 4 (1.41%) Red Hat Enterprise Linux
8 4 (1.41%) Windows Server 2008
9 3 (1.06%) Solaris
9 3 (1.06%) Windows 7
9 3 (1.06%) Windows XP
10 2 (0.71%) AIX
10 2 (0.71%) Apple iOS
11 1 (0.35%) Mac OS
Processes & Methodologies
1 74 (26.15%) Agile Software Development
2 36 (12.72%) Microservices
3 33 (11.66%) TDD
4 32 (11.31%) Continuous Integration
4 32 (11.31%) Multithreading
5 26 (9.19%) Scrum
6 25 (8.83%) Migration
7 21 (7.42%) Performance Tuning
7 21 (7.42%) Problem-Solving
7 21 (7.42%) Software Engineering
8 20 (7.07%) BDD
8 20 (7.07%) High Availability
8 20 (7.07%) OO
9 18 (6.36%) Mathematics
10 17 (6.01%) Information Security
11 16 (5.65%) Business Analysis
11 16 (5.65%) Computer Science
11 16 (5.65%) DevOps
12 15 (5.30%) Asset Management
12 15 (5.30%) Low Latency
Programming Languages
1 81 (28.62%) Java
2 53 (18.73%) SQL
3 42 (14.84%) Python
4 40 (14.13%) JavaScript
5 31 (10.95%) C#
6 23 (8.13%) Scala
7 20 (7.07%) C++
8 12 (4.24%) TypeScript
9 10 (3.53%) PowerShell
10 9 (3.18%) Java 8
11 7 (2.47%) Kotlin
11 7 (2.47%) T-SQL
12 5 (1.77%) Perl
13 4 (1.41%) Bash Shell
13 4 (1.41%) PL/SQL
13 4 (1.41%) VBA
14 3 (1.06%) Groovy
14 3 (1.06%) Korn
14 3 (1.06%) Shell Script
14 3 (1.06%) VBScript
Qualifications
1 25 (8.83%) Degree
2 8 (2.83%) Cisco Certification
2 8 (2.83%) Numerate Degree
3 6 (2.12%) CCNP
3 6 (2.12%) CISSP
4 4 (1.41%) CISM
4 4 (1.41%) Computer Science Degree
4 4 (1.41%) Postgraduate
5 2 (0.71%) (ISC)2 CCSP
5 2 (0.71%) CCIE
5 2 (0.71%) CCSP
5 2 (0.71%) CREST Certified
5 2 (0.71%) GCIA
5 2 (0.71%) ITIL Foundation Certificate
5 2 (0.71%) MCSA
5 2 (0.71%) MCSE
5 2 (0.71%) Microsoft Certification
5 2 (0.71%) PMI Certification
5 2 (0.71%) PMP
5 2 (0.71%) SSCP
Quality Assurance & Compliance
1 13 (4.59%) QA
2 7 (2.47%) PMO
3 6 (2.12%) MiFID
4 4 (1.41%) NIST
5 3 (1.06%) IFRS
5 3 (1.06%) SLA
6 2 (0.71%) COBIT
6 2 (0.71%) GDPR
7 1 (0.35%) Data Quality
7 1 (0.35%) ISO 22301
7 1 (0.35%) ISO 31000
7 1 (0.35%) ISO/IEC 27001
7 1 (0.35%) PCI DSS
7 1 (0.35%) PSD2
7 1 (0.35%) Sarbanes-Oxley
7 1 (0.35%) Solvency II
System Software
1 22 (7.77%) Active Directory
2 14 (4.95%) Docker
3 11 (3.89%) VMware Infrastructure
4 5 (1.77%) VMware ESXi
5 4 (1.41%) Microsoft App-V
6 2 (0.71%) Oracle RAC
6 2 (0.71%) Virtual Machines
6 2 (0.71%) XenApp
6 2 (0.71%) XenDesktop
7 1 (0.35%) Virtual Desktop
Systems Management
1 15 (5.30%) Kubernetes
2 13 (4.59%) Ansible
3 8 (2.83%) Terraform
4 5 (1.77%) Opscode Chef
5 4 (1.41%) Microsoft Clustering
5 4 (1.41%) Puppet
5 4 (1.41%) SCCM
6 3 (1.06%) Control-M
7 2 (0.71%) CSIRT
7 2 (0.71%) Enterprise Manager Cloud Control
7 2 (0.71%) Foglight
7 2 (0.71%) HP Quality Center
7 2 (0.71%) Nagios
7 2 (0.71%) Tivoli
7 2 (0.71%) Tivoli Storage Manager
8 1 (0.35%) Cisco CUCM
8 1 (0.35%) McAfee ePO
8 1 (0.35%) Microsoft Intune
8 1 (0.35%) QRadar
8 1 (0.35%) Single Sign-On
Vendors
1 40 (14.13%) Microsoft
2 27 (9.54%) Oracle
3 14 (4.95%) Cisco
4 13 (4.59%) VMware
5 12 (4.24%) IBM
6 11 (3.89%) Google
7 8 (2.83%) Murex
8 7 (2.47%) Cloudera
8 7 (2.47%) EMC
8 7 (2.47%) Hortonworks
8 7 (2.47%) Splunk
9 6 (2.12%) Databricks
9 6 (2.12%) F5
9 6 (2.12%) Red Hat
10 5 (1.77%) CheckPoint
10 5 (1.77%) Sybase
11 4 (1.41%) Blue Coat
11 4 (1.41%) Citrix
11 4 (1.41%) Ivanti
11 4 (1.41%) SAP