Banking Contracts in the City of London

Banking
Central London > City of London

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 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
29 May 2024
Same period 2023 Same period 2022
Rank 12 10 12
Rank change year-on-year -2 +2 -3
Contract jobs citing Banking 254 449 484
As % of all contract jobs advertised in the City of London 11.78% 13.00% 11.57%
As % of the General category 17.59% 20.63% 19.95%
Number of daily rates quoted 191 375 330
10th Percentile £350 £478 £440
25th Percentile £510 £550 £540
Median daily rate (50th Percentile) £600 £675 £650
Median % change year-on-year -11.11% +3.85% +8.33%
75th Percentile £713 £775 £760
90th Percentile £838 £878 £863
Central London median daily rate £600 £669 £650
% change year-on-year -10.28% +2.88% +8.33%
Number of hourly rates quoted 1 1 6
10th Percentile - - -
25th Percentile - - -
Median hourly rate £27.00 £21.00 £21.00
Median % change year-on-year +28.57% - -
75th Percentile - - £24.75
90th Percentile - - £26.00
Central London median hourly rate £27.00 £21.00 £21.00
% change year-on-year +28.57% - +45.18%

All General Skills
City of London

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.

Contract vacancies with a requirement for common skills 1,444 2,176 2,426
As % of all contract IT jobs advertised in the City of London 66.98% 63.02% 57.97%
Number of daily rates quoted 1,004 1,535 1,748
10th Percentile £338 £368 £350
25th Percentile £450 £500 £466
Median daily rate (50th Percentile) £575 £625 £570
Median % change year-on-year -8.00% +9.65% +3.64%
75th Percentile £688 £738 £688
90th Percentile £800 £825 £788
Central London median daily rate £550 £600 £563
% change year-on-year -8.33% +6.67% +2.27%
Number of hourly rates quoted 6 11 31
10th Percentile £17.96 £14.25 £18.50
25th Percentile £19.99 £14.88 £21.00
Median hourly rate £20.82 £20.71 £35.50
Median % change year-on-year +0.53% -41.68% +102.86%
75th Percentile £25.60 £38.66 £49.88
90th Percentile £38.63 £52.75 £61.75
Central London median hourly rate £23.80 £21.00 £35.50
% change year-on-year +13.33% -40.85% +77.50%

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 May 2024.

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
Co-occurring Skills and Capabilities in the City of London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 27 (10.63%) Microsoft Exchange
2 20 (7.87%) SharePoint
3 4 (1.57%) Apache
3 4 (1.57%) SAS
4 3 (1.18%) Apache Spark
4 3 (1.18%) MQSeries
4 3 (1.18%) Tomcat
5 2 (0.79%) Adobe Experience Manager
5 2 (0.79%) Confluence
5 2 (0.79%) JBoss
5 2 (0.79%) nginx
6 1 (0.39%) Appian
6 1 (0.39%) BizTalk Server
6 1 (0.39%) CMS
6 1 (0.39%) Headless CMS
6 1 (0.39%) IIS
6 1 (0.39%) WebSphere
Applications
1 10 (3.94%) Microsoft Excel
2 9 (3.54%) Microsoft Project
3 8 (3.15%) Microsoft PowerPoint
4 7 (2.76%) Microsoft Office
5 6 (2.36%) MS Visio
6 1 (0.39%) Chatbot
Business Applications
1 4 (1.57%) Dynamics CRM
2 2 (0.79%) Fidessa
2 2 (0.79%) SAP ERP
2 2 (0.79%) Temenos T24
3 1 (0.39%) Advent Geneva
3 1 (0.39%) Front Arena
Cloud Services
1 46 (18.11%) Azure
2 26 (10.24%) AWS
3 14 (5.51%) Power Platform
4 13 (5.12%) GCP
4 13 (5.12%) Microsoft 365
5 11 (4.33%) Microsoft Purview
6 6 (2.36%) Dynamics 365
6 6 (2.36%) OneDrive
6 6 (2.36%) Power Automate
7 4 (1.57%) Amazon S3
7 4 (1.57%) Amazon SQS
7 4 (1.57%) Azure DevOps
7 4 (1.57%) Collibra
7 4 (1.57%) PowerApps
8 3 (1.18%) Azure AKS
8 3 (1.18%) Entra ID
8 3 (1.18%) PaaS
9 2 (0.79%) Azure App Service
9 2 (0.79%) Azure Event Grid
9 2 (0.79%) Azure Service Bus
Communications & Networking
1 23 (9.06%) Firewall
2 12 (4.72%) SAN
3 4 (1.57%) SSH
3 4 (1.57%) TCP/IP
4 3 (1.18%) FTP
4 3 (1.18%) HTTP
4 3 (1.18%) ICMP
4 3 (1.18%) POP3
4 3 (1.18%) SD-WAN
4 3 (1.18%) SMTP
4 3 (1.18%) WAN
5 2 (0.79%) DNS
5 2 (0.79%) SSL
6 1 (0.39%) LAN
6 1 (0.39%) MPLS
6 1 (0.39%) Multicast
6 1 (0.39%) Network Security
6 1 (0.39%) VoIP
6 1 (0.39%) WebEx
6 1 (0.39%) Wi-Fi
Database & Business Intelligence
1 22 (8.66%) SQL Server
2 10 (3.94%) Relational Database
3 8 (3.15%) NoSQL
4 7 (2.76%) Data Warehouse
4 7 (2.76%) KDB
5 6 (2.36%) Metadata
6 5 (1.97%) Power BI
7 4 (1.57%) MySQL
8 3 (1.18%) Azure SQL Database
8 3 (1.18%) Elasticsearch
8 3 (1.18%) MongoDB
8 3 (1.18%) SQL Server Reporting Services
8 3 (1.18%) Tableau
9 2 (0.79%) Big Data
9 2 (0.79%) Oracle Database
9 2 (0.79%) RDBMS
9 2 (0.79%) SQL Server Integration Services
9 2 (0.79%) Sybase ASE
10 1 (0.39%) Data Mart
10 1 (0.39%) Oracle Reports
Development Applications
1 14 (5.51%) Jenkins
2 11 (4.33%) Git
2 11 (4.33%) Selenium
2 11 (4.33%) TeamCity
3 8 (3.15%) JIRA
4 6 (2.36%) Bitbucket
4 6 (2.36%) Cucumber
4 6 (2.36%) GitLab
5 4 (1.57%) PHPUnit
5 4 (1.57%) WebDriver
6 3 (1.18%) Visual Studio
6 3 (1.18%) webpack
7 2 (0.79%) Appium
7 2 (0.79%) JUnit
8 1 (0.39%) Ant
8 1 (0.39%) Cypress.io
8 1 (0.39%) Maven
8 1 (0.39%) Mockito
8 1 (0.39%) SoapUI
8 1 (0.39%) TestNG
General
1 137 (53.94%) Finance
2 78 (30.71%) Investment Banking
3 57 (22.44%) Social Skills
4 24 (9.45%) Analytical Skills
5 20 (7.87%) Front Office
6 14 (5.51%) Legal
7 13 (5.12%) Financial Institution
8 11 (4.33%) Retail Banking
9 10 (3.94%) Corporate Banking
9 10 (3.94%) International Banking
10 9 (3.54%) Retail
11 8 (3.15%) Presentation Skills
12 7 (2.76%) Prime Brokerage
13 6 (2.36%) Back Office
14 5 (1.97%) Documentation Skills
15 4 (1.57%) Advertising
15 4 (1.57%) Organisational Skills
15 4 (1.57%) Private Banking
16 2 (0.79%) Public Speaking
17 1 (0.39%) Influencing Skills
Job Titles
1 57 (22.44%) Developer
2 52 (20.47%) Analyst
3 29 (11.42%) Architect
4 26 (10.24%) Business Analyst
5 24 (9.45%) Senior
6 16 (6.30%) Project Manager
7 15 (5.91%) Consultant
8 14 (5.51%) Data Analyst
9 13 (5.12%) DevOps Engineer
9 13 (5.12%) Support Engineer
10 12 (4.72%) Java Developer
10 12 (4.72%) Lead
11 10 (3.94%) C# Developer
11 10 (3.94%) Solutions Architect
12 8 (3.15%) Banking Analyst
12 8 (3.15%) Service Analyst
13 7 (2.76%) Automation Tester
13 7 (2.76%) Financial Analyst
13 7 (2.76%) Senior Developer
13 7 (2.76%) Tester
Libraries, Frameworks & Software Standards
1 21 (8.27%) .NET
2 11 (4.33%) CSS
2 11 (4.33%) React
3 9 (3.54%) Spring
4 8 (3.15%) HTML
5 7 (2.76%) Node.js
5 7 (2.76%) Spring Boot
6 6 (2.36%) .NET Core
6 6 (2.36%) RabbitMQ
6 6 (2.36%) XML
7 5 (1.97%) .NET Framework
7 5 (1.97%) FIX Protocol
7 5 (1.97%) Kafka
7 5 (1.97%) RESTful
7 5 (1.97%) WCF
7 5 (1.97%) WinForms
8 4 (1.57%) AngularJS
8 4 (1.57%) CSS3
8 4 (1.57%) Symfony
8 4 (1.57%) Yii
Miscellaneous
1 12 (4.72%) Video Conferencing
2 11 (4.33%) Foreign Exchange (FX)
3 8 (3.15%) Equities
3 8 (3.15%) PKI
4 6 (2.36%) Derivative
5 5 (1.97%) Distributed Systems
5 5 (1.97%) Management Information System
5 5 (1.97%) Market Risk
6 4 (1.57%) Fixed Income
6 4 (1.57%) Onboarding
6 4 (1.57%) Product Ownership
6 4 (1.57%) Security Posture
7 3 (1.18%) AS400
7 3 (1.18%) iSeries
7 3 (1.18%) Mobile App
7 3 (1.18%) Reinsurance
8 2 (0.79%) Algorithms
8 2 (0.79%) Cyber Threat
8 2 (0.79%) Data Centre
8 2 (0.79%) Legacy Systems
Operating Systems
1 35 (13.78%) Windows
2 18 (7.09%) Linux
3 12 (4.72%) Windows Server 2012
3 12 (4.72%) Windows Server 2016
4 11 (4.33%) Unix
5 4 (1.57%) Red Hat Enterprise Linux
6 2 (0.79%) Windows Server
7 1 (0.39%) Android
7 1 (0.39%) Apple iOS
7 1 (0.39%) zOS
Processes & Methodologies
1 45 (17.72%) Agile
2 31 (12.20%) DevOps
3 27 (10.63%) Migration
4 26 (10.24%) Data Loss Prevention
5 25 (9.84%) Problem-Solving
6 24 (9.45%) Stakeholder Management
7 23 (9.06%) Cybersecurity
7 23 (9.06%) Project Management
8 21 (8.27%) Microservices
9 20 (7.87%) CI/CD
10 19 (7.48%) Risk Management
11 18 (7.09%) Test Automation
12 17 (6.69%) Wealth Management
13 16 (6.30%) Analytics
14 15 (5.91%) Computer Science
14 15 (5.91%) Continuous Integration
14 15 (5.91%) GAP Analysis
14 15 (5.91%) SDLC
15 14 (5.51%) Disaster Recovery
15 14 (5.51%) ITIL
Programming Languages
1 46 (18.11%) SQL
2 41 (16.14%) Java
3 35 (13.78%) C#
4 28 (11.02%) Python
5 21 (8.27%) PowerShell
6 14 (5.51%) JavaScript
7 9 (3.54%) C++
8 6 (2.36%) TypeScript
9 4 (1.57%) PHP
9 4 (1.57%) Shell Script
9 4 (1.57%) T-SQL
10 3 (1.18%) Perl
10 3 (1.18%) PL/SQL
10 3 (1.18%) RPG
11 2 (0.79%) Data Analysis Expressions
12 1 (0.39%) Bash
12 1 (0.39%) Clojure
12 1 (0.39%) Go
12 1 (0.39%) R
12 1 (0.39%) Scala
Qualifications
1 26 (10.24%) Degree
2 11 (4.33%) Computer Science Degree
3 10 (3.94%) ITIL Certification
4 3 (1.18%) PMP
5 2 (0.79%) CISA
5 2 (0.79%) CISM
5 2 (0.79%) CISSP
5 2 (0.79%) CRISC
5 2 (0.79%) FFIEC
5 2 (0.79%) OCP
5 2 (0.79%) Oracle Certification
5 2 (0.79%) PMI Certification
5 2 (0.79%) SC Cleared
5 2 (0.79%) Security Cleared
6 1 (0.39%) APMP
6 1 (0.39%) CAPM
6 1 (0.39%) ITIL Foundation Certificate
6 1 (0.39%) MCP
6 1 (0.39%) Microsoft Certification
6 1 (0.39%) Tableau Certification
Quality Assurance & Compliance
1 12 (4.72%) QA
2 10 (3.94%) Data Quality
3 8 (3.15%) SLA
4 6 (2.36%) PMO
5 5 (1.97%) ISO/IEC 27001
6 3 (1.18%) NIST
7 2 (0.79%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
7 2 (0.79%) PCI DSS
7 2 (0.79%) Sarbanes-Oxley
8 1 (0.39%) Accessibility
8 1 (0.39%) COBIT
8 1 (0.39%) GRC
8 1 (0.39%) ISO 20022
8 1 (0.39%) P3O
System Software
1 27 (10.63%) Active Directory
2 7 (2.76%) Docker
3 1 (0.39%) HDFS
3 1 (0.39%) NFS
3 1 (0.39%) Time Sharing Option
3 1 (0.39%) XenApp
Systems Management
1 13 (5.12%) SCCM
2 9 (3.54%) Kubernetes
3 8 (3.15%) PingFederate
3 8 (3.15%) Terraform
4 6 (2.36%) Microsoft Intune
5 4 (1.57%) Ansible
6 3 (1.18%) Control-M
6 3 (1.18%) Kibana
6 3 (1.18%) logstash
6 3 (1.18%) QRadar
7 2 (0.79%) Puppet
7 2 (0.79%) Single Sign-On
8 1 (0.39%) CASB
8 1 (0.39%) Tivoli Storage Manager
Vendors
1 53 (20.87%) Microsoft
2 16 (6.30%) Citrix
3 15 (5.91%) Cisco
4 12 (4.72%) Avaya
4 12 (4.72%) CheckPoint
4 12 (4.72%) EMC
4 12 (4.72%) HP
5 9 (3.54%) IBM
6 8 (3.15%) Bloomberg
6 8 (3.15%) Google
6 8 (3.15%) Oracle
7 5 (1.97%) Red Hat
7 5 (1.97%) ServiceNow
8 3 (1.18%) Alteryx
8 3 (1.18%) ArcSight
8 3 (1.18%) Proofpoint
8 3 (1.18%) Reuters
8 3 (1.18%) Splunk
8 3 (1.18%) Sybase
8 3 (1.18%) Symantec