Period
to 18 January 2022

The median contractor rate for an Investment Banking Java Developer was £713 per day in advertised job vacancies in the City of London during the 6 months to 18 January 2022.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in 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.

Java Developer - Investment Banking
Central London > City of London
6 months to
18 Jan 2022
Same period 2021 Same period 2020
Rank 173 - 198
Rank change year-on-year - - +45
Contract jobs requiring an Investment Banking Java Developer 14 0 1
As % of all contract jobs advertised in the City of London 0.35% - 0.020%
As % of the Job Titles category 0.38% - 0.022%
Number of daily rates quoted 9 0 1
10th Percentile £609 - -
25th Percentile £625 - -
Median daily rate (50th Percentile) £713 - £650
Median % change year-on-year - - +7.66%
75th Percentile £788 - -
90th Percentile £913 - -
Central London median daily rate £713 - £650
% change year-on-year - - +7.66%

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in the City of London. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

All Contract IT Job Vacancies
City of London
Contract vacancies in the City of London with a recognized job title 3,699 1,883 4,608
% of contract IT jobs with a recognized job title 92.48% 92.26% 93.45%
Number of daily rates quoted 2,864 1,420 3,638
10th Percentile £356 £305 £300
25th Percentile £463 £413 £413
Median daily rate (50th Percentile) £550 £520 £500
Median % change year-on-year +5.77% +4.00% -
75th Percentile £650 £602 £600
90th Percentile £750 £688 £675
Central London median daily rate £550 £513 £500
% change year-on-year +7.32% +2.50% -
Number of hourly rates quoted 46 20 60
10th Percentile £13.88 £16.58 £12.38
25th Percentile £18.63 £20.74 £14.19
Median hourly rate £33.75 £24.75 £19.75
Median % change year-on-year +36.36% +25.32% +5.61%
75th Percentile £51.50 £36.69 £25.50
90th Percentile £62.50 £46.18 £49.50
Central London median hourly rate £34.50 £26.50 £19.75
% change year-on-year +30.19% +34.18% +5.61%

Investment Banking Java Developer
Job Vacancy Trend in the City of London

Job postings that featured Investment Banking Java Developer in the job title as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Investment Banking Java Developer in the City of London

Investment Banking Java Developer
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Investment Banking Java Developer in the City of London.

Daily rate trend for Investment Banking Java Developer in the City of London

Investment Banking Java Developer
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Investment Banking Java Developer in the City of London over the 6 months to 18 January 2022.

Daily rate histogram for Investment Banking Java Developer in the City of London

Investment Banking Java Developer Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 18 January 2022, Investment Banking Java Developer contract jobs required the following IT 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 featuring Investment Banking Java Developer in the job title.

1 14 (100.00%) Java
1 14 (100.00%) Investment Banking
1 14 (100.00%) Banking
2 8 (57.14%) Fixed Income
3 7 (50.00%) Front Office
3 7 (50.00%) Foreign Exchange (FX)
3 7 (50.00%) Performance Tuning
4 5 (35.71%) Low Latency
4 5 (35.71%) Multithreading
4 5 (35.71%) Electronic Trading
4 5 (35.71%) Multithreaded Programming
4 5 (35.71%) Equities
4 5 (35.71%) Agile Software Development
5 4 (28.57%) Oracle Coherence
6 3 (21.43%) Spring
6 3 (21.43%) TDD
6 3 (21.43%) Finance
6 3 (21.43%) SQL
6 3 (21.43%) SQL Server
6 3 (21.43%) BDD
6 3 (21.43%) Kafka
6 3 (21.43%) Relational Database
7 2 (14.29%) Hazelcast
7 2 (14.29%) Infinispan
7 2 (14.29%) REST
7 2 (14.29%) Reference Data
7 2 (14.29%) SDLC
7 2 (14.29%) API Design
7 2 (14.29%) Microservices
7 2 (14.29%) React

Investment Banking Java Developer Skill Set
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 4 (28.57%) Oracle Coherence
2 1 (7.14%) JBoss
2 1 (7.14%) Mule
2 1 (7.14%) Red Hat Fuse
2 1 (7.14%) WebLogic
Cloud Services
1 1 (7.14%) AWS
1 1 (7.14%) Azure
1 1 (7.14%) GCP
Database & Business Intelligence
1 3 (21.43%) Relational Database
1 3 (21.43%) SQL Server
2 2 (14.29%) Apache Ignite
2 2 (14.29%) Hazelcast
2 2 (14.29%) Infinispan
3 1 (7.14%) MySQL
General
1 14 (100.00%) Banking
1 14 (100.00%) Investment Banking
2 7 (50.00%) Front Office
3 3 (21.43%) Finance
4 1 (7.14%) Advertising
Libraries, Frameworks & Software Standards
1 3 (21.43%) Kafka
1 3 (21.43%) Spring
2 2 (14.29%) React
2 2 (14.29%) REST
3 1 (7.14%) Apache Camel
3 1 (7.14%) Hibernate
3 1 (7.14%) J2SE
3 1 (7.14%) Java EE
3 1 (7.14%) JMS
3 1 (7.14%) Middleware
3 1 (7.14%) Spring Boot
3 1 (7.14%) Spring Cloud
3 1 (7.14%) Spring Integration
3 1 (7.14%) Web Services
Miscellaneous
1 8 (57.14%) Fixed Income
2 7 (50.00%) Foreign Exchange (FX)
3 5 (35.71%) Equities
4 2 (14.29%) Reference Data
5 1 (7.14%) Greenfield Project
5 1 (7.14%) Virtual Team
Operating Systems
1 1 (7.14%) Linux
1 1 (7.14%) Unix
Processes & Methodologies
1 7 (50.00%) Performance Tuning
2 5 (35.71%) Agile Software Development
2 5 (35.71%) Electronic Trading
2 5 (35.71%) Low Latency
2 5 (35.71%) Multithreaded Programming
2 5 (35.71%) Multithreading
3 3 (21.43%) BDD
3 3 (21.43%) TDD
4 2 (14.29%) Algorithmic Trading
4 2 (14.29%) API Design
4 2 (14.29%) Microservices
4 2 (14.29%) SDLC
5 1 (7.14%) Economics
5 1 (7.14%) Open Source
5 1 (7.14%) Project Management
5 1 (7.14%) Risk Management
5 1 (7.14%) Software Engineering
5 1 (7.14%) Technical Analysis
5 1 (7.14%) Workflow
Programming Languages
1 14 (100.00%) Java
2 3 (21.43%) SQL
System Software
1 1 (7.14%) Docker
Vendors
1 2 (14.29%) Oracle
2 1 (7.14%) Sybase