Period
to

The table below looks at the prevalence of the term Investment 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 Investment Banking over the 6 months to 17 May 2022 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.

Investment Banking
Central London > City of London
6 months to
17 May 2022
Same period 2021 Same period 2020
Rank 60 54 94
Rank change year-on-year -6 +40 -1
Contract jobs citing Investment Banking 151 116 67
As % of all contract jobs advertised in the City of London 3.60% 4.20% 2.02%
As % of the General category 6.21% 7.04% 3.56%
Number of daily rates quoted 105 93 56
10th Percentile £566 £501 £422
25th Percentile £650 £569 £511
Median daily rate (50th Percentile) £725 £650 £600
Median % change year-on-year +11.54% +8.33% +9.09%
75th Percentile £800 £738 £648
90th Percentile £913 £773 £738
Central London median daily rate £725 £650 £600
% change year-on-year +11.54% +8.33% +9.09%

Investment 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 2,432 1,647 1,883
As % of all contract IT jobs advertised in the City of London 57.92% 59.61% 56.63%
Number of daily rates quoted 1,767 1,152 1,368
10th Percentile £350 £356 £269
25th Percentile £475 £450 £413
Median daily rate (50th Percentile) £575 £550 £500
Median % change year-on-year +4.55% +10.00% -4.76%
75th Percentile £688 £650 £613
90th Percentile £777 £725 £688
Central London median daily rate £570 £550 £500
% change year-on-year +3.64% +10.00% -4.76%
Number of hourly rates quoted 28 17 40
10th Percentile £18.50 £8.00 £12.42
25th Percentile £21.00 £11.50 £12.69
Median hourly rate £42.50 £14.50 £17.85
Median % change year-on-year +193.10% -18.77% +2.12%
75th Percentile £59.50 £25.18 £31.10
90th Percentile £67.55 £32.15 £44.11
Central London median hourly rate £42.50 £17.50 £18.70
% change year-on-year +142.86% -6.42% -

Investment Banking
Job Vacancy Trend in the City of London

Job postings citing Investment Banking as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Investment Banking in the City of London

Investment Banking
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for Investment Banking in the City of London

Investment Banking
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Investment Banking in the City of London over the 6 months to 17 May 2022.

Daily rate histogram for Investment Banking in the City of London

Investment Banking
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Investment Banking in the City of London.

Hourly rate trend for Investment Banking in the City of London

For the 6 months to 17 May 2022, IT contractor jobs citing Investment 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 Investment Banking.

1 151 (100.00%) Banking
2 73 (48.34%) Finance
3 67 (44.37%) Front Office
4 45 (29.80%) Java
5 44 (29.14%) Agile
6 35 (23.18%) C#
7 34 (22.52%) Multithreading
8 33 (21.85%) SQL
8 33 (21.85%) Social Skills
9 29 (19.21%) C++
9 29 (19.21%) Python
9 29 (19.21%) Electronic Trading
10 28 (18.54%) Fixed Income
11 27 (17.88%) Foreign Exchange (FX)
12 26 (17.22%) Low Latency
13 25 (16.56%) .NET
14 24 (15.89%) Degree
15 20 (13.25%) Derivative
15 20 (13.25%) DevOps
16 19 (12.58%) JIRA
17 17 (11.26%) Software Engineering
17 17 (11.26%) Financial Institution
17 17 (11.26%) Performance Tuning
17 17 (11.26%) Multithreaded Programming
18 16 (10.60%) CI/CD
18 16 (10.60%) Docker
19 15 (9.93%) Equities
19 15 (9.93%) TDD
19 15 (9.93%) TeamCity
20 14 (9.27%) Continuous Integration

Investment 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 5 (3.31%) WebLogic
2 3 (1.99%) IBM HTTP Server
2 3 (1.99%) IBM Notes
2 3 (1.99%) JBoss
3 2 (1.32%) Tomcat
4 1 (0.66%) Apache
4 1 (0.66%) Apache Spark
4 1 (0.66%) Appian
4 1 (0.66%) Camunda
4 1 (0.66%) Mule
4 1 (0.66%) Oracle Workflow
4 1 (0.66%) Red Hat Fuse
Applications
1 5 (3.31%) Microsoft Excel
2 3 (1.99%) Microsoft Office
3 1 (0.66%) Spreadsheet
Business Applications
1 2 (1.32%) Bloomberg TOMS
2 1 (0.66%) Orchestrade
2 1 (0.66%) PeopleSoft Financials
Cloud Services
1 7 (4.64%) Azure
2 4 (2.65%) Amazon EC2
3 3 (1.99%) AWS
4 2 (1.32%) Cloud Computing
4 2 (1.32%) GitHub
5 1 (0.66%) Azure Functions
5 1 (0.66%) Dynamics 365
5 1 (0.66%) GCP
5 1 (0.66%) Serverless
Communications & Networking
1 3 (1.99%) NAS
1 3 (1.99%) VoIP
2 2 (1.32%) TCP/IP
3 1 (0.66%) HTTP
3 1 (0.66%) Internet
3 1 (0.66%) Multicast
Database & Business Intelligence
1 12 (7.95%) SQL Server
2 8 (5.30%) Relational Database
3 6 (3.97%) Data Warehouse
4 5 (3.31%) Oracle Database
5 4 (2.65%) RDBMS
6 3 (1.99%) Data Lake
6 3 (1.99%) MySQL
6 3 (1.99%) NoSQL
6 3 (1.99%) Oracle Database 11g
6 3 (1.99%) Oracle Database 12c
7 2 (1.32%) Big Data
7 2 (1.32%) Data Vault
7 2 (1.32%) Hazelcast
7 2 (1.32%) SQL Server Analysis Services
8 1 (0.66%) Data Mining
8 1 (0.66%) Hadoop
8 1 (0.66%) HBase
8 1 (0.66%) KDB
8 1 (0.66%) Oracle Reports
8 1 (0.66%) SQL Server Integration Services
Development Applications
1 19 (12.58%) JIRA
2 15 (9.93%) TeamCity
3 11 (7.28%) Git (software)
4 6 (3.97%) Jenkins
5 4 (2.65%) Bitbucket
6 3 (1.99%) Subversion
6 3 (1.99%) Visual Studio
6 3 (1.99%) WebDriver
7 2 (1.32%) Octopus Deploy
7 2 (1.32%) Selenium
7 2 (1.32%) SpecFlow
7 2 (1.32%) webpack
7 2 (1.32%) Zephyr
8 1 (0.66%) Appium
8 1 (0.66%) GitLab
8 1 (0.66%) IBM UrbanCode
8 1 (0.66%) Maven
8 1 (0.66%) Oracle APEX
8 1 (0.66%) REST Assured
8 1 (0.66%) TestNG
General
1 151 (100.00%) Banking
2 73 (48.34%) Finance
3 67 (44.37%) Front Office
4 33 (21.85%) Social Skills
5 17 (11.26%) Financial Institution
6 9 (5.96%) Presentation Skills
7 8 (5.30%) Back Office
8 6 (3.97%) Inclusion and Diversity
8 6 (3.97%) Legal
9 5 (3.31%) Analytical Skills
10 4 (2.65%) International Banking
11 3 (1.99%) Advertising
11 3 (1.99%) Corporate Banking
11 3 (1.99%) Retail Banking
11 3 (1.99%) Telecoms
12 2 (1.32%) Prime Brokerage
12 2 (1.32%) Retail
12 2 (1.32%) Synthetic Prime Brokerage
13 1 (0.66%) Private Banking
13 1 (0.66%) Publishing
Job Titles
1 83 (54.97%) Developer
2 32 (21.19%) Analyst
3 31 (20.53%) Java Developer
4 21 (13.91%) C# Developer
5 17 (11.26%) Investment Banking Java Developer
6 15 (9.93%) Front Office Developer
7 10 (6.62%) Qualitative Analyst
7 10 (6.62%) Quantitative Analyst
8 8 (5.30%) Business Analyst
8 8 (5.30%) Senior Developer
9 7 (4.64%) DevOps Engineer
9 7 (4.64%) Support Analyst
10 6 (3.97%) Banking Analyst
10 6 (3.97%) Project Manager
11 5 (3.31%) Applications Support
11 5 (3.31%) Applications Support Analyst
11 5 (3.31%) C++ Developer
11 5 (3.31%) Full Stack Developer
11 5 (3.31%) Investment Banking Business Analyst
11 5 (3.31%) IT Manager
Libraries, Frameworks & Software Standards
1 25 (16.56%) .NET
2 13 (8.61%) .NET Framework
2 13 (8.61%) ASP.NET
3 12 (7.95%) WinForms
4 11 (7.28%) WPF
5 10 (6.62%) React
6 8 (5.30%) AngularJS
6 8 (5.30%) HTML
7 7 (4.64%) Spring
8 6 (3.97%) .NET Core
8 6 (3.97%) JMS
8 6 (3.97%) Kafka
9 5 (3.31%) XML
10 4 (2.65%) CSS
10 4 (2.65%) Middleware
10 4 (2.65%) REST
10 4 (2.65%) WCF
11 3 (1.99%) HTML5
11 3 (1.99%) Murex Flex
11 3 (1.99%) Spring Boot
Miscellaneous
1 28 (18.54%) Fixed Income
2 27 (17.88%) Foreign Exchange (FX)
3 20 (13.25%) Derivative
4 15 (9.93%) Equities
5 12 (7.95%) Market Risk
6 10 (6.62%) Credit Risk
7 7 (4.64%) Hedge funds
8 5 (3.31%) Management Information System
9 4 (2.65%) Data Centre
9 4 (2.65%) Greenfield Project
9 4 (2.65%) Grid Computing
10 3 (1.99%) Blackberry
10 3 (1.99%) Virtual Team
11 2 (1.32%) Credit Derivative
11 2 (1.32%) Legacy Code
11 2 (1.32%) Public Cloud
11 2 (1.32%) Reference Data
11 2 (1.32%) User Experience
12 1 (0.66%) iPad
12 1 (0.66%) SWIFT
Operating Systems
1 14 (9.27%) Linux
2 12 (7.95%) Windows
3 7 (4.64%) Unix
4 4 (2.65%) Windows 7
5 3 (1.99%) Mac OS
5 3 (1.99%) Windows 10
6 1 (0.66%) Android
6 1 (0.66%) Windows Server
6 1 (0.66%) Windows Server 2008
6 1 (0.66%) Windows Server 2012
Processes & Methodologies
1 44 (29.14%) Agile
2 34 (22.52%) Multithreading
3 29 (19.21%) Electronic Trading
4 26 (17.22%) Low Latency
5 20 (13.25%) DevOps
6 17 (11.26%) Multithreaded Programming
6 17 (11.26%) Performance Tuning
6 17 (11.26%) Software Engineering
7 16 (10.60%) CI/CD
8 15 (9.93%) TDD
9 14 (9.27%) Continuous Integration
9 14 (9.27%) Mathematics
9 14 (9.27%) Project Management
10 13 (8.61%) Test Automation
11 10 (6.62%) Analytics
11 10 (6.62%) Asset Management
12 9 (5.96%) Computer Science
12 9 (5.96%) Problem-Solving
12 9 (5.96%) Risk Management
13 8 (5.30%) BDD
Programming Languages
1 45 (29.80%) Java
2 35 (23.18%) C#
3 33 (21.85%) SQL
4 29 (19.21%) C++
4 29 (19.21%) Python
5 10 (6.62%) JavaScript
6 7 (4.64%) TypeScript
7 5 (3.31%) Kotlin
8 4 (2.65%) PL/SQL
9 2 (1.32%) Perl
9 2 (1.32%) Shell Script
9 2 (1.32%) VC++
10 1 (0.66%) ActionScript
10 1 (0.66%) C
10 1 (0.66%) ES6
10 1 (0.66%) PHP
10 1 (0.66%) R
10 1 (0.66%) Ruby
10 1 (0.66%) Scala
10 1 (0.66%) VBA
Qualifications
1 24 (15.89%) Degree
2 8 (5.30%) PhD
3 7 (4.64%) Computer Science Degree
4 6 (3.97%) Numerate Degree
5 1 (0.66%) CISA
5 1 (0.66%) CISM
5 1 (0.66%) CISSP
5 1 (0.66%) ISTQB
5 1 (0.66%) ISTQB Foundation Certification
5 1 (0.66%) PMI Certification
5 1 (0.66%) PMP
Quality Assurance & Compliance
1 6 (3.97%) GDPR
2 4 (2.65%) COBIT
2 4 (2.65%) ISO/IEC 27001
2 4 (2.65%) NIST
3 3 (1.99%) QA
4 2 (1.32%) COREP
5 1 (0.66%) FINREP
5 1 (0.66%) PMO
System Software
1 16 (10.60%) Docker
2 9 (5.96%) Active Directory
3 3 (1.99%) VMware Infrastructure
Systems Management
1 8 (5.30%) Kubernetes
2 4 (2.65%) Ansible
2 4 (2.65%) Nexpose
2 4 (2.65%) SCCM
3 3 (1.99%) Control-M
4 1 (0.66%) Nessus
Vendors
1 12 (7.95%) DevExpress
1 12 (7.95%) Oracle
2 9 (5.96%) Microsoft
3 6 (3.97%) Bloomberg
4 5 (3.31%) IBM
5 4 (2.65%) CrowdStrike
5 4 (2.65%) ServiceNow
6 3 (1.99%) Cisco
6 3 (1.99%) Fidessa
6 3 (1.99%) HP
6 3 (1.99%) Lotus
6 3 (1.99%) Murex
6 3 (1.99%) Sybase
6 3 (1.99%) VMware
7 2 (1.32%) Informatica
8 1 (0.66%) CA
8 1 (0.66%) Pega
8 1 (0.66%) PeopleSoft
8 1 (0.66%) Reuters
8 1 (0.66%) Rogue Wave