Period
to 24 October 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 24 October 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
24 Oct 2021
Same period 2020 Same period 2019
Rank 11 9 14
Rank change year-on-year -2 +5 -7
Contract jobs citing Banking 501 277 668
As % of all contract jobs advertised in the City of London 12.97% 15.45% 11.23%
As % of the General category 21.77% 25.11% 20.05%
Number of daily rates quoted 430 197 531
10th Percentile £431 £411 £363
25th Percentile £526 £463 £463
Median daily rate (50th Percentile) £625 £550 £550
Median % change year-on-year +13.64% - -4.35%
75th Percentile £738 £638 £638
90th Percentile £821 £725 £723
Central London median daily rate £625 £548 £538
% change year-on-year +14.16% +1.86% -6.52%
Number of hourly rates quoted 0 4 9
Median hourly rate - £21.00 £21.00
Central London median hourly rate £14.47 £21.00 £21.00
% change year-on-year -31.12% - +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 2,301 1,103 3,331
As % of all contract IT jobs advertised in the City of London 59.57% 61.52% 55.99%
Number of daily rates quoted 1,732 779 2,594
10th Percentile £363 £313 £313
25th Percentile £463 £413 £413
Median daily rate (50th Percentile) £565 £525 £513
Median % change year-on-year +7.62% +2.44% -2.38%
75th Percentile £675 £625 £613
90th Percentile £775 £700 £688
Central London median daily rate £561 £525 £500
% change year-on-year +6.90% +5.00% -3.38%
Number of hourly rates quoted 28 23 35
10th Percentile £10.45 £15.01 £12.15
25th Percentile £18.81 £17.25 £13.50
Median hourly rate £26.50 £23.00 £20.83
Median % change year-on-year +15.22% +10.42% +11.39%
75th Percentile £35.19 £37.63 £21.63
90th Percentile £42.40 £46.00 £26.60
Central London median hourly rate £26.50 £23.00 £21.00
% change year-on-year +15.22% +9.52% +12.30%

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 24 October 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

For the 6 months to 24 October 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.

1 264 (52.69%) Finance
2 180 (35.93%) Investment Banking
3 166 (33.13%) Agile Software Development
4 137 (27.35%) SQL
5 120 (23.95%) Java
6 92 (18.36%) Python
7 88 (17.56%) Front Office
8 84 (16.77%) Social Skills
9 79 (15.77%) C#
10 75 (14.97%) .NET
11 74 (14.77%) Azure
12 70 (13.97%) Derivative
13 68 (13.57%) Fixed Income
14 66 (13.17%) TDD
15 58 (11.58%) DevOps
16 50 (9.98%) SDLC
17 47 (9.38%) Microservices
18 46 (9.18%) Oracle
19 43 (8.58%) AWS
20 42 (8.38%) Git (software)
21 41 (8.18%) Analytics
21 41 (8.18%) SQL Server
21 41 (8.18%) Microsoft
21 41 (8.18%) Foreign Exchange (FX)
22 40 (7.98%) Windows
23 39 (7.78%) AngularJS
24 38 (7.58%) Credit Risk
25 37 (7.39%) Spring
25 37 (7.39%) Software Engineering
26 36 (7.19%) JIRA

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 (3.99%) Apache Spark
2 16 (3.19%) SharePoint
3 8 (1.60%) Apache
4 7 (1.40%) Confluence
5 4 (0.80%) IIS
5 4 (0.80%) SAS
5 4 (0.80%) WebLogic
6 3 (0.60%) Red Hat Fuse
6 3 (0.60%) Tomcat
7 2 (0.40%) Elasticsearch
7 2 (0.40%) IBM Notes
7 2 (0.40%) nginx
7 2 (0.40%) Oracle Coherence
7 2 (0.40%) Oracle SOA Suite
7 2 (0.40%) Oracle Workflow
7 2 (0.40%) WebSphere
8 1 (0.20%) Apache Solr
8 1 (0.20%) CMS
8 1 (0.20%) IBM HTTP Server
8 1 (0.20%) Mule
Applications
1 23 (4.59%) Microsoft Excel
2 16 (3.19%) Spreadsheet
3 9 (1.80%) Microsoft Office
4 6 (1.20%) Microsoft PowerPoint
4 6 (1.20%) Microsoft Project
5 2 (0.40%) MS Visio
6 1 (0.20%) Figma
Business Applications
1 5 (1.00%) SunGard Martini
2 4 (0.80%) ION MarketView
3 3 (0.60%) Maximo
4 2 (0.40%) Bloomberg TOMS
4 2 (0.40%) Oracle FAH
4 2 (0.40%) Oracle General Ledger
4 2 (0.40%) Oracle Subledger Accounting
4 2 (0.40%) Salesforce.com CRM
5 1 (0.20%) FLEXCUBE
5 1 (0.20%) IBM Operational Decision Manager
5 1 (0.20%) Loan IQ
5 1 (0.20%) Oracle Payables
5 1 (0.20%) Oracle Procure-to-Pay
5 1 (0.20%) Summit
5 1 (0.20%) Temenos Globus
5 1 (0.20%) Temenos T24
Cloud Services
1 74 (14.77%) Azure
2 43 (8.58%) AWS
3 15 (2.99%) GCP
4 11 (2.20%) Microsoft 365
5 7 (1.40%) GitHub
5 7 (1.40%) Power Platform
6 4 (0.80%) Azure Pipelines
6 4 (0.80%) SaaS
7 3 (0.60%) Amazon ECS
8 2 (0.40%) AWS CloudFormation
8 2 (0.40%) Azure ExpressRoute
8 2 (0.40%) Cloud Computing
8 2 (0.40%) Dynamics 365
8 2 (0.40%) IaaS
8 2 (0.40%) Serverless
9 1 (0.20%) Amazon CloudWatch
9 1 (0.20%) Apigee
9 1 (0.20%) Azure Data Factory
9 1 (0.20%) Google Analytics
9 1 (0.20%) OneDrive
Communications & Networking
1 12 (2.40%) Firewall
2 8 (1.60%) TCP/IP
3 7 (1.40%) DNS
4 6 (1.20%) Unified Communications
5 5 (1.00%) DHCP
5 5 (1.00%) Skype
6 4 (0.80%) Kerberos
7 3 (0.60%) LAN
7 3 (0.60%) WAN
7 3 (0.60%) WebEx
8 2 (0.40%) BGP
8 2 (0.40%) F5 BIG-IP GTM
8 2 (0.40%) F5 BIG-IP LTM
8 2 (0.40%) HTTP
8 2 (0.40%) Multicast
8 2 (0.40%) SAN
8 2 (0.40%) SD-WAN
8 2 (0.40%) SSL
8 2 (0.40%) Wi-Fi
9 1 (0.20%) OSPF
Database & Business Intelligence
1 41 (8.18%) SQL Server
2 23 (4.59%) Data Warehouse
2 23 (4.59%) Oracle Database
3 21 (4.19%) Big Data
4 14 (2.79%) SQL Server Integration Services
5 13 (2.59%) Apache Hive
6 11 (2.20%) Relational Database
7 9 (1.80%) Hadoop
8 8 (1.60%) NoSQL
9 6 (1.20%) MongoDB
10 5 (1.00%) Hazelcast
10 5 (1.00%) Metadata
10 5 (1.00%) Power BI
10 5 (1.00%) SQL Server Analysis Services
10 5 (1.00%) SQL Server Reporting Services
11 4 (0.80%) Azure SQL Database
11 4 (0.80%) Oracle Database 12c
11 4 (0.80%) RDBMS
12 3 (0.60%) Redis
12 3 (0.60%) SQL Server 2012
Development Applications
1 42 (8.38%) Git (software)
2 36 (7.19%) JIRA
3 32 (6.39%) Visual Studio
4 15 (2.99%) Jenkins
4 15 (2.99%) TeamCity
5 9 (1.80%) Maven
6 8 (1.60%) Subversion
7 7 (1.40%) Cucumber
8 6 (1.20%) Selenium
9 5 (1.00%) SpecFlow
10 4 (0.80%) JUnit
10 4 (0.80%) Octopus Deploy
11 3 (0.60%) Appium
11 3 (0.60%) Bitbucket
11 3 (0.60%) TestNG
11 3 (0.60%) WebDriver
11 3 (0.60%) Zephyr
12 2 (0.40%) Artifactory
12 2 (0.40%) Cypress.io
12 2 (0.40%) Jasmine
General
1 264 (52.69%) Finance
2 180 (35.93%) Investment Banking
3 88 (17.56%) Front Office
4 84 (16.77%) Social Skills
5 26 (5.19%) International Banking
6 21 (4.19%) Analytical Skills
7 20 (3.99%) Financial Institution
8 16 (3.19%) Legal
9 9 (1.80%) Influencing Skills
9 9 (1.80%) Retail
10 8 (1.60%) Back Office
11 7 (1.40%) Organisational Skills
12 4 (0.80%) General Ledger
12 4 (0.80%) Private Banking
12 4 (0.80%) Retail Banking
13 3 (0.60%) Presentation Skills
13 3 (0.60%) Prime Brokerage
14 2 (0.40%) Corporate Banking
14 2 (0.40%) Documentation Skills
14 2 (0.40%) Public Sector
Job Titles
1 229 (45.71%) Developer
2 74 (14.77%) Java Developer
3 62 (12.38%) Analyst
4 58 (11.58%) C# Developer
5 38 (7.58%) Business Analyst
6 35 (6.99%) Python Developer
7 26 (5.19%) Project Manager
8 21 (4.19%) Architect
9 20 (3.99%) Banking Analyst
9 20 (3.99%) Consultant
9 20 (3.99%) Senior Developer
10 18 (3.59%) Data Engineer
11 17 (3.39%) Front Office Developer
12 13 (2.59%) Senior Java Developer
12 13 (2.59%) SQL Developer
13 12 (2.40%) Electronic Trading Consultant
13 12 (2.40%) IT Manager
13 12 (2.40%) Quantitative Developer
14 11 (2.20%) C++ Developer
14 11 (2.20%) Pricing Consultant
Libraries, Frameworks & Software Standards
1 75 (14.97%) .NET
2 39 (7.78%) AngularJS
3 37 (7.39%) Spring
4 19 (3.79%) Spring Boot
5 18 (3.59%) HTML
5 18 (3.59%) React
6 17 (3.39%) REST
7 16 (3.19%) Kafka
8 14 (2.79%) WPF
9 13 (2.59%) .NET Framework
9 13 (2.59%) RESTful
10 12 (2.40%) WCF
10 12 (2.40%) XML
11 11 (2.20%) FIX Protocol
11 11 (2.20%) HTML5
12 10 (2.00%) ASP.NET
12 10 (2.00%) Middleware
12 10 (2.00%) PySpark
12 10 (2.00%) Redux
13 9 (1.80%) CSS
Miscellaneous
1 70 (13.97%) Derivative
2 68 (13.57%) Fixed Income
3 41 (8.18%) Foreign Exchange (FX)
4 38 (7.58%) Credit Risk
5 33 (6.59%) Market Risk
6 23 (4.59%) Equities
6 23 (4.59%) Interest Rate Derivative
7 17 (3.39%) Greenfield Project
8 14 (2.79%) Legacy Systems
9 12 (2.40%) Algorithms
9 12 (2.40%) Management Information System
10 10 (2.00%) User Experience
11 8 (1.60%) Data Structures
12 7 (1.40%) Credit Derivative
12 7 (1.40%) Enterprise Software
12 7 (1.40%) Equity Derivative
12 7 (1.40%) Hedge funds
13 6 (1.20%) Clustering
13 6 (1.20%) Mobile App
14 5 (1.00%) Hybrid Cloud
Operating Systems
1 40 (7.98%) Windows
2 22 (4.39%) Linux
3 13 (2.59%) Unix
4 11 (2.20%) Windows Server
5 8 (1.60%) Windows 10
6 7 (1.40%) Windows Server 2012
7 6 (1.20%) Windows Server 2016
8 5 (1.00%) Red Hat Enterprise Linux
9 4 (0.80%) Apple iOS
9 4 (0.80%) Windows 7
9 4 (0.80%) Windows Server 2008
10 3 (0.60%) Solaris
10 3 (0.60%) Windows Server 2019
11 1 (0.20%) Android
11 1 (0.20%) Mac OS
Processes & Methodologies
1 166 (33.13%) Agile Software Development
2 66 (13.17%) TDD
3 58 (11.58%) DevOps
4 50 (9.98%) SDLC
5 47 (9.38%) Microservices
6 41 (8.18%) Analytics
7 37 (7.39%) Software Engineering
8 34 (6.79%) Electronic Trading
9 33 (6.59%) Continuous Integration
9 33 (6.59%) Risk Management
10 28 (5.59%) Mathematics
11 27 (5.39%) Migration
12 26 (5.19%) Multithreading
12 26 (5.19%) Project Management
13 22 (4.39%) Test Automation
14 21 (4.19%) Fintech
15 20 (3.99%) Asset Management
15 20 (3.99%) Business Analysis
15 20 (3.99%) Low Latency
15 20 (3.99%) Stakeholder Management
Programming Languages
1 137 (27.35%) SQL
2 120 (23.95%) Java
3 92 (18.36%) Python
4 79 (15.77%) C#
5 32 (6.39%) TypeScript
6 27 (5.39%) C++
7 25 (4.99%) JavaScript
8 17 (3.39%) Scala
9 15 (2.99%) VB
10 14 (2.79%) VBA
11 12 (2.40%) PL/SQL
12 11 (2.20%) PowerShell
12 11 (2.20%) VB.NET
13 10 (2.00%) C
13 10 (2.00%) Java 8
14 9 (1.80%) Java 11
14 9 (1.80%) T-SQL
15 6 (1.20%) Shell Script
16 5 (1.00%) Apex Code
16 5 (1.00%) VBScript
Qualifications
1 23 (4.59%) Degree
2 5 (1.00%) Computer Science Degree
3 4 (0.80%) Microsoft Certification
3 4 (0.80%) Numerate Degree
3 4 (0.80%) PMI Certification
4 3 (0.60%) CISSP
4 3 (0.60%) ISTQB
4 3 (0.60%) ISTQB Foundation Certification
4 3 (0.60%) ITIL Certification
4 3 (0.60%) PRINCE2 Certification
5 2 (0.40%) CISM
5 2 (0.40%) ISEB
5 2 (0.40%) ISTQB Advanced Certification
5 2 (0.40%) Master's Degree
6 1 (0.20%) ACCA
6 1 (0.20%) CCNA
6 1 (0.20%) CFA
6 1 (0.20%) CIMA
6 1 (0.20%) Cisco Certification
6 1 (0.20%) Oracle Certification
Quality Assurance & Compliance
1 22 (4.39%) QA
2 13 (2.59%) Data Quality
3 12 (2.40%) GDPR
4 8 (1.60%) PMO
5 6 (1.20%) NIST
6 4 (0.80%) COBIT
6 4 (0.80%) ISO/IEC 27001
6 4 (0.80%) MiFID
7 3 (0.60%) EMIR
8 2 (0.40%) Dodd-Frank
8 2 (0.40%) GAAP
8 2 (0.40%) GRC
8 2 (0.40%) IFRS
8 2 (0.40%) Sarbanes-Oxley
9 1 (0.20%) FATCA
9 1 (0.20%) SEPA
9 1 (0.20%) SLA
System Software
1 27 (5.39%) Docker
2 18 (3.59%) VMware Infrastructure
3 17 (3.39%) Active Directory
4 5 (1.00%) VMware ESXi
5 3 (0.60%) Oracle RAC
5 3 (0.60%) Platform Symphony
6 2 (0.40%) Microsoft App-V
6 2 (0.40%) Virtual Machines
6 2 (0.40%) vSphere
7 1 (0.20%) BitLocker
7 1 (0.20%) Virtual Desktop
7 1 (0.20%) XenApp
7 1 (0.20%) XenDesktop
Systems Management
1 27 (5.39%) Kubernetes
2 15 (2.99%) Ansible
2 15 (2.99%) SCCM
3 9 (1.80%) Terraform
4 5 (1.00%) Control-M
5 4 (0.80%) Nexpose
5 4 (0.80%) Puppet
6 3 (0.60%) Data Guard
6 3 (0.60%) Microsoft Clustering
6 3 (0.60%) Opscode Chef
6 3 (0.60%) Oracle Enterprise Manager
6 3 (0.60%) QRadar
6 3 (0.60%) Red Hat Satellite
7 2 (0.40%) EMC NetWorker
7 2 (0.40%) Enterprise Manager Cloud Control
7 2 (0.40%) Netcool
7 2 (0.40%) Norton AntiVirus
7 2 (0.40%) SCOM
7 2 (0.40%) Tivoli
7 2 (0.40%) Tivoli Storage Manager
Vendors
1 46 (9.18%) Oracle
2 41 (8.18%) Microsoft
3 19 (3.79%) VMware
4 10 (2.00%) Cisco
4 10 (2.00%) Citrix
5 9 (1.80%) ServiceNow
6 8 (1.60%) Cloudera
6 8 (1.60%) Hortonworks
7 7 (1.40%) Bloomberg
7 7 (1.40%) IBM
8 6 (1.20%) Avaya
8 6 (1.20%) CyberArk
8 6 (1.20%) EMC
8 6 (1.20%) ION Trading
8 6 (1.20%) SunGard
9 5 (1.00%) Databricks
9 5 (1.00%) Murex
9 5 (1.00%) NetApp
9 5 (1.00%) Salesforce.com
9 5 (1.00%) Splunk