Period
to 25 January 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 25 January 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
25 Jan 2021
Same period 2020 Same period 2019
Rank 8 14 5
Rank change year-on-year +6 -9 -1
Contract jobs citing Banking 314 487 1,022
As % of all contract jobs advertised in the City of London 14.95% 9.98% 14.94%
As % of the General category 30.19% 22.70% 28.18%
Number of daily rates quoted 279 400 815
Median daily rate £550 £550 £550
10th Percentile £400 £349 £373
90th Percentile £725 £750 £725
Central London median daily rate £550 £550 £563
% change year-on-year - -2.22% -
Number of hourly rates quoted 5 8 9
Median hourly rate £23.00 £21.00 £18.70
Median hourly rate % change year-on-year +9.52% +12.30% +24.67%
Central London median hourly rate £23.00 £20.00 £18.70
% change year-on-year +15.00% +6.95% +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 1,040 2,145 3,627
As % of all contract IT jobs advertised in the City of London 49.52% 43.94% 53.01%
Number of daily rates quoted 767 1,634 2,780
Median daily rate £525 £521 £525
Median daily rate % change year-on-year +0.72% -0.71% -
10th Percentile £313 £309 £300
90th Percentile £700 £700 £688
Central London median daily rate £525 £510 £525
% change year-on-year +2.94% -2.86% -
Number of hourly rates quoted 12 21 43
Median hourly rate £23.00 £18.00 £18.70
Median hourly rate % change year-on-year +27.78% -3.74% -10.95%
10th Percentile £13.23 £12.42 £13.00
90th Percentile £46.00 £23.50 £36.42
Median hourly rate £23.00 £18.70 £18.70
% change year-on-year +22.99% - -10.95%

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 25 January 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 25 January 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.

1 167 (53.18%) Finance
2 96 (30.57%) Java
3 91 (28.98%) Agile Software Development
3 91 (28.98%) Investment Banking
4 74 (23.57%) Front Office
5 52 (16.56%) SQL
6 51 (16.24%) Microservices
7 48 (15.29%) Python
8 47 (14.97%) TDD
9 46 (14.65%) Azure
10 45 (14.33%) Linux
11 43 (13.69%) C#
11 43 (13.69%) Spring
12 42 (13.38%) Multithreading
13 37 (11.78%) JavaScript
13 37 (11.78%) Oracle
14 36 (11.46%) Foreign Exchange (FX)
14 36 (11.46%) REST
15 33 (10.51%) SQL Server
16 32 (10.19%) Microsoft
16 32 (10.19%) Jenkins
17 31 (9.87%) Continuous Integration
18 30 (9.55%) DevOps
19 29 (9.24%) AWS
19 29 (9.24%) Windows
20 28 (8.92%) Migration
20 28 (8.92%) Software Engineering
21 27 (8.60%) Git (software)
21 27 (8.60%) Docker
22 26 (8.28%) High Availability

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 11 (3.50%) Apache Spark
1 11 (3.50%) Red Hat Fuse
2 8 (2.55%) Apache
3 7 (2.23%) NServiceBus
4 6 (1.91%) Confluence
5 5 (1.59%) JBoss
5 5 (1.59%) SharePoint
5 5 (1.59%) WebSphere
6 4 (1.27%) Skype for Business
7 3 (0.96%) Elasticsearch
7 3 (0.96%) nginx
8 2 (0.64%) Appian
8 2 (0.64%) IBM HTTP Server
8 2 (0.64%) IIS
8 2 (0.64%) Mule
8 2 (0.64%) SharePoint 2010
8 2 (0.64%) Tornado
8 2 (0.64%) WebSphere Application Server
9 1 (0.32%) Exchange Server 2010
9 1 (0.32%) Jupyter
Applications
1 12 (3.82%) Microsoft Excel
2 10 (3.18%) Microsoft Office
3 9 (2.87%) Microsoft PowerPoint
4 5 (1.59%) MS Visio
4 5 (1.59%) Spreadsheet
5 1 (0.32%) InfoPath
5 1 (0.32%) Sketch
Business Applications
1 3 (0.96%) Temenos T24
2 2 (0.64%) SunGard Martini
3 1 (0.32%) Dynamics CRM
3 1 (0.32%) Global One
3 1 (0.32%) Kondor
3 1 (0.32%) Oracle Payables
3 1 (0.32%) Oracle Procure-to-Pay
3 1 (0.32%) Refinitiv Enterprise Platform
3 1 (0.32%) SAP CO
3 1 (0.32%) SAP FI
3 1 (0.32%) SAP FI/CO
3 1 (0.32%) Summit
3 1 (0.32%) thinkFolio
Cloud Services
1 46 (14.65%) Azure
2 29 (9.24%) AWS
3 22 (7.01%) GCP
4 13 (4.14%) SaaS
4 13 (4.14%) Serverless
5 11 (3.50%) GitHub
5 11 (3.50%) PaaS
6 9 (2.87%) IaaS
7 8 (2.55%) Cloud Computing
8 7 (2.23%) Amazon ECS
8 7 (2.23%) Azure Functions
9 6 (1.91%) AWS CloudFormation
9 6 (1.91%) Power Platform
10 5 (1.59%) Amazon S3
10 5 (1.59%) Azure Data Factory
11 4 (1.27%) Amazon EC2
11 4 (1.27%) Amazon ElastiCache
11 4 (1.27%) Amazon Kinesis
11 4 (1.27%) npm
11 4 (1.27%) Office 365
Communications & Networking
1 15 (4.78%) Firewall
2 9 (2.87%) TCP/IP
3 6 (1.91%) WAN
4 5 (1.59%) LAN
5 4 (1.27%) HTTP
5 4 (1.27%) Kerberos
5 4 (1.27%) Network Security
5 4 (1.27%) Skype
5 4 (1.27%) VPN
6 3 (0.96%) Multicast
6 3 (0.96%) SAN
6 3 (0.96%) SSL
7 2 (0.64%) AMQP
7 2 (0.64%) BGP
7 2 (0.64%) Cisco ASA
7 2 (0.64%) Internet
7 2 (0.64%) OSPF
7 2 (0.64%) Unified Communications
7 2 (0.64%) Wireless
7 2 (0.64%) Wireshark
Database & Business Intelligence
1 33 (10.51%) SQL Server
2 16 (5.10%) Relational Database
3 14 (4.46%) Data Warehouse
4 11 (3.50%) NoSQL
5 10 (3.18%) PostgreSQL
6 9 (2.87%) MongoDB
7 8 (2.55%) SQL Server Integration Services
8 7 (2.23%) Big Data
8 7 (2.23%) MySQL
8 7 (2.23%) Oracle Database
8 7 (2.23%) RDBMS
9 6 (1.91%) Hadoop
9 6 (1.91%) Oracle Database 12c
9 6 (1.91%) Power BI
10 5 (1.59%) SQL Server Analysis Services
10 5 (1.59%) SQL Server Reporting Services
11 4 (1.27%) Amazon Aurora
11 4 (1.27%) Amazon RDS
11 4 (1.27%) Apache Hive
12 3 (0.96%) Flink
Development Applications
1 32 (10.19%) Jenkins
2 27 (8.60%) Git (software)
3 16 (5.10%) Maven
4 12 (3.82%) JIRA
5 11 (3.50%) TeamCity
6 9 (2.87%) Subversion
7 7 (2.23%) JUnit
7 7 (2.23%) MSBuild
8 5 (1.59%) Cucumber
8 5 (1.59%) GitLab
8 5 (1.59%) Hudson
9 4 (1.27%) Gerrit
10 3 (0.96%) Atlassian Bamboo
10 3 (0.96%) Bitbucket
10 3 (0.96%) FishEye
10 3 (0.96%) GCC
10 3 (0.96%) GDB
10 3 (0.96%) Gradle
10 3 (0.96%) jMock
11 2 (0.64%) Artifactory
General
1 167 (53.18%) Finance
2 91 (28.98%) Investment Banking
3 74 (23.57%) Front Office
4 20 (6.37%) International Banking
5 11 (3.50%) Retail
6 10 (3.18%) Financial Institution
7 9 (2.87%) Back Office
8 7 (2.23%) Legal
9 3 (0.96%) French Language
10 2 (0.64%) Pharmaceutical
11 1 (0.32%) Advertising
11 1 (0.32%) Manufacturing
11 1 (0.32%) Marketing
11 1 (0.32%) Retail Banking
11 1 (0.32%) Telecoms
Job Titles
1 145 (46.18%) Developer
2 58 (18.47%) Java Developer
3 48 (15.29%) Analyst
4 23 (7.32%) Business Analyst
5 21 (6.69%) Architect
6 20 (6.37%) Senior Developer
7 18 (5.73%) .NET Developer
8 17 (5.41%) C# Developer
9 14 (4.46%) Quantitative Developer
10 12 (3.82%) Senior Java Developer
11 11 (3.50%) Administrator
11 11 (3.50%) Solutions Architect
12 10 (3.18%) Analyst Developer
12 10 (3.18%) Front Office Developer
12 10 (3.18%) Low Latency Java Developer
12 10 (3.18%) Qualitative Analyst
12 10 (3.18%) Quantitative Analyst
13 9 (2.87%) Full Stack Developer
13 9 (2.87%) Project Manager
14 8 (2.55%) Consultant
Libraries, Frameworks & Software Standards
1 43 (13.69%) Spring
2 36 (11.46%) REST
3 26 (8.28%) .NET
4 25 (7.96%) HTML
5 23 (7.32%) Spring Boot
6 21 (6.69%) AngularJS
7 17 (5.41%) HTML5
8 14 (4.46%) jQuery
8 14 (4.46%) Kafka
9 13 (4.14%) Middleware
10 11 (3.50%) CSS
10 11 (3.50%) JMS
11 10 (3.18%) Hibernate
11 10 (3.18%) Node.js
11 10 (3.18%) Redux
11 10 (3.18%) Web Services
12 9 (2.87%) Apache Camel
13 8 (2.55%) .NET Framework
13 8 (2.55%) Entity Framework
13 8 (2.55%) WCF
Miscellaneous
1 36 (11.46%) Foreign Exchange (FX)
2 19 (6.05%) Fixed Income
3 17 (5.41%) Clustering
4 16 (5.10%) Analytical Skills
4 16 (5.10%) Derivative
5 14 (4.46%) Enterprise Software
6 13 (4.14%) Equities
7 12 (3.82%) Credit Risk
7 12 (3.82%) Greenfield Project
7 12 (3.82%) Market Risk
8 9 (2.87%) Grid Computing
9 8 (2.55%) Data Centre
10 7 (2.23%) Replication
11 6 (1.91%) Data Structures
11 6 (1.91%) Management Information System
12 3 (0.96%) Algorithms
12 3 (0.96%) Mainframe
12 3 (0.96%) Mobile App
12 3 (0.96%) Public Cloud
12 3 (0.96%) Video Conferencing
Operating Systems
1 45 (14.33%) Linux
2 29 (9.24%) Windows
3 21 (6.69%) Unix
4 12 (3.82%) Windows Server
5 11 (3.50%) Windows Server 2012
5 11 (3.50%) Windows Server 2016
6 8 (2.55%) Windows Server 2008
7 7 (2.23%) Red Hat Enterprise Linux
7 7 (2.23%) Windows 10
8 6 (1.91%) Windows Server 2019
9 5 (1.59%) Android
9 5 (1.59%) Windows 7
10 3 (0.96%) Solaris
10 3 (0.96%) Windows XP
11 2 (0.64%) AIX
11 2 (0.64%) Apple iOS
12 1 (0.32%) VMS
12 1 (0.32%) zOS
Processes & Methodologies
1 91 (28.98%) Agile Software Development
2 51 (16.24%) Microservices
3 47 (14.97%) TDD
4 42 (13.38%) Multithreading
5 31 (9.87%) Continuous Integration
6 30 (9.55%) DevOps
7 28 (8.92%) Migration
7 28 (8.92%) Software Engineering
8 26 (8.28%) High Availability
9 25 (7.96%) BDD
9 25 (7.96%) Performance Tuning
10 24 (7.64%) Low Latency
11 23 (7.32%) Risk Management
12 22 (7.01%) Scrum
13 20 (6.37%) OO
14 18 (5.73%) Business Analysis
14 18 (5.73%) SDLC
15 16 (5.10%) Information Security
15 16 (5.10%) Project Management
15 16 (5.10%) Test Automation
Programming Languages
1 96 (30.57%) Java
2 52 (16.56%) SQL
3 48 (15.29%) Python
4 43 (13.69%) C#
5 37 (11.78%) JavaScript
6 26 (8.28%) C++
7 15 (4.78%) Scala
8 11 (3.50%) Java 8
9 9 (2.87%) PowerShell
10 8 (2.55%) PL/SQL
11 6 (1.91%) Go
11 6 (1.91%) Groovy
11 6 (1.91%) TypeScript
12 5 (1.59%) T-SQL
13 4 (1.27%) Kotlin
14 3 (0.96%) Bash Shell
14 3 (0.96%) Data Analysis Expressions (DAX)
15 2 (0.64%) Haskell
15 2 (0.64%) R
15 2 (0.64%) VBScript
Qualifications
1 21 (6.69%) Degree
2 6 (1.91%) CISSP
3 5 (1.59%) Cisco Certification
4 4 (1.27%) CISM
4 4 (1.27%) Computer Science Degree
4 4 (1.27%) FFIEC
4 4 (1.27%) PMI Certification
5 3 (0.96%) CCNP
5 3 (0.96%) Numerate Degree
5 3 (0.96%) PMP
5 3 (0.96%) Postgraduate
5 3 (0.96%) PRINCE2 Certification
6 2 (0.64%) (ISC)2 CCSP
6 2 (0.64%) CCSP
6 2 (0.64%) CREST Certified
6 2 (0.64%) GCFA
6 2 (0.64%) GCIA
6 2 (0.64%) GCIH
6 2 (0.64%) SAFe Agilist
6 2 (0.64%) SSCP
Quality Assurance & Compliance
1 8 (2.55%) NIST
2 7 (2.23%) COBIT
3 6 (1.91%) QA
4 5 (1.59%) PMO
5 4 (1.27%) MiFID
6 3 (0.96%) GDPR
6 3 (0.96%) ISO/IEC 27001
6 3 (0.96%) SLA
7 2 (0.64%) IFRS
7 2 (0.64%) PCI DSS
7 2 (0.64%) Sarbanes-Oxley
8 1 (0.32%) Data Quality
8 1 (0.32%) ISO 22301
8 1 (0.32%) ISO 31000
8 1 (0.32%) SEPA
8 1 (0.32%) Solvency II
System Software
1 27 (8.60%) Docker
2 16 (5.10%) Active Directory
3 10 (3.18%) VMware Infrastructure
4 7 (2.23%) VMware ESXi
5 4 (1.27%) Oracle RAC
6 3 (0.96%) vSphere
7 2 (0.64%) Microsoft App-V
7 2 (0.64%) Virtual Machines
7 2 (0.64%) XenApp
8 1 (0.32%) Citrix Hypervisor
8 1 (0.32%) Microcode
8 1 (0.32%) Time Sharing Option
8 1 (0.32%) VMware NSX
8 1 (0.32%) Xen
8 1 (0.32%) XenDesktop
Systems Management
1 22 (7.01%) Kubernetes
2 14 (4.46%) Ansible
3 13 (4.14%) Terraform
4 10 (3.18%) Opscode Chef
5 9 (2.87%) Puppet
6 6 (1.91%) Salt
6 6 (1.91%) SCCM
7 4 (1.27%) Enterprise Manager Cloud Control
7 4 (1.27%) Foglight
7 4 (1.27%) Microsoft Clustering
8 3 (0.96%) Grafana
8 3 (0.96%) Prometheus
9 2 (0.64%) Control-M
9 2 (0.64%) CSIRT
9 2 (0.64%) Nagios
9 2 (0.64%) NetBackup
9 2 (0.64%) Tivoli Storage Manager
9 2 (0.64%) vRealize
10 1 (0.32%) Cisco Prime
10 1 (0.32%) Tivoli
Vendors
1 37 (11.78%) Oracle
2 32 (10.19%) Microsoft
3 15 (4.78%) VMware
4 14 (4.46%) IBM
5 11 (3.50%) Cisco
6 10 (3.18%) Murex
7 8 (2.55%) Google
7 8 (2.55%) Red Hat
8 7 (2.23%) Splunk
9 6 (1.91%) CheckPoint
10 5 (1.59%) Citrix
10 5 (1.59%) Cloudera
10 5 (1.59%) Hortonworks
10 5 (1.59%) SAP
11 4 (1.27%) Atlassian
11 4 (1.27%) EMC
11 4 (1.27%) Sybase
12 3 (0.96%) Avaya
12 3 (0.96%) Dell
12 3 (0.96%) HP