Period
to 27 September 2020

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 27 September 2020 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
27 Sep 2020
Same period 2019 Same period 2018
Rank 42 89 72
Rank change year-on-year +47 -17 -51
Contract jobs citing Investment Banking 79 167 233
As % of all contract jobs advertised in the City of London 4.50% 2.70% 3.34%
As % of the General category 8.67% 5.54% 6.32%
Number of daily rates quoted 64 135 199
Median daily rate £535 £525 £575
Median daily rate % change year-on-year +1.95% -8.70% -0.86%
10th Percentile £413 £350 £425
90th Percentile £706 £750 £738
Central London median daily rate £550 £525 £575
% change year-on-year +4.76% -8.70% -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
Central London median hourly rate - - -

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 911 3,016 3,685
As % of all contract IT jobs advertised in the City of London 51.85% 48.76% 52.79%
Number of daily rates quoted 620 2,281 2,845
Median daily rate £525 £525 £525
10th Percentile £313 £338 £319
90th Percentile £700 £688 £693
Central London median daily rate £525 £513 £525
% change year-on-year +2.44% -2.38% +5.00%
Number of hourly rates quoted 23 28 69
Median hourly rate £35.00 £20.92 £19.25
Median hourly rate % change year-on-year +67.34% +8.65% +2.67%
10th Percentile £15.50 £11.25 £13.18
90th Percentile £61.65 £39.88 £37.09
Median hourly rate £35.00 £20.83 £19.13
% change year-on-year +68.03% +8.92% +2.27%

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 27 September 2020.

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 27 September 2020, 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 79 (100.00%) Banking
2 31 (39.24%) Finance
3 29 (36.71%) Java
4 28 (35.44%) Front Office
5 20 (25.32%) Agile Software Development
6 18 (22.78%) TDD
7 14 (17.72%) Scrum
8 13 (16.46%) Windows
8 13 (16.46%) Linux
9 11 (13.92%) Python
9 11 (13.92%) Degree
9 11 (13.92%) Mathematics
9 11 (13.92%) BDD
10 10 (12.66%) Scala
10 10 (12.66%) Unix
10 10 (12.66%) Low Latency
10 10 (12.66%) Apache Spark
11 9 (11.39%) SQL
11 9 (11.39%) Active Directory
11 9 (11.39%) Fixed Income
11 9 (11.39%) Computer Science
11 9 (11.39%) Multithreading
11 9 (11.39%) Economics
12 8 (10.13%) Hadoop
12 8 (10.13%) Foreign Exchange (FX)
12 8 (10.13%) C++
12 8 (10.13%) Microsoft
12 8 (10.13%) GCP
12 8 (10.13%) Numerate Degree
12 8 (10.13%) Greenfield Project

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 10 (12.66%) Apache Spark
2 3 (3.80%) Confluence
3 2 (2.53%) IBM HTTP Server
3 2 (2.53%) JBoss
3 2 (2.53%) Red Hat Fuse
3 2 (2.53%) SharePoint
4 1 (1.27%) Elasticsearch
4 1 (1.27%) SharePoint 2010
4 1 (1.27%) Tornado
Applications
1 2 (2.53%) Sketch
2 1 (1.27%) Microsoft Excel
2 1 (1.27%) Microsoft Office
2 1 (1.27%) Microsoft PowerPoint
2 1 (1.27%) MS Visio
Business Applications
1 1 (1.27%) Refinitiv Enterprise Platform
Cloud Services
1 8 (10.13%) GCP
2 7 (8.86%) Azure
3 5 (6.33%) AWS
3 5 (6.33%) Cloud Computing
4 4 (5.06%) IaaS
4 4 (5.06%) PaaS
4 4 (5.06%) SaaS
5 3 (3.80%) GitHub
6 1 (1.27%) IBM Cloud
6 1 (1.27%) npm
6 1 (1.27%) Office 365
6 1 (1.27%) Yarn
Communications & Networking
1 4 (5.06%) Internet
1 4 (5.06%) Kerberos
1 4 (5.06%) Multicast
1 4 (5.06%) TCP/IP
2 2 (2.53%) AMQP
3 1 (1.27%) BGP
3 1 (1.27%) Firewall
3 1 (1.27%) FIX Connectivity
3 1 (1.27%) HTTP
3 1 (1.27%) OSPF
3 1 (1.27%) VPN
Database & Business Intelligence
1 8 (10.13%) Hadoop
2 6 (7.59%) MongoDB
3 4 (5.06%) SQL Server
4 3 (3.80%) NoSQL
4 3 (3.80%) Relational Database
5 2 (2.53%) Big Data
5 2 (2.53%) Flink
5 2 (2.53%) MySQL
5 2 (2.53%) Qlik Sense
6 1 (1.27%) Apache Hive
6 1 (1.27%) Couchbase
6 1 (1.27%) Data Warehouse
6 1 (1.27%) OLAP
6 1 (1.27%) PostgreSQL
6 1 (1.27%) QlikView
6 1 (1.27%) SQL Server 2017
6 1 (1.27%) SQL Server Integration Services
6 1 (1.27%) SQL Server Reporting Services
6 1 (1.27%) SQLite
Development Applications
1 6 (7.59%) JIRA
2 5 (6.33%) Subversion
3 4 (5.06%) Git (software)
4 3 (3.80%) GCC
4 3 (3.80%) GDB
4 3 (3.80%) Hudson
4 3 (3.80%) Jenkins
4 3 (3.80%) JUnit
5 2 (2.53%) Atlassian Bamboo
5 2 (2.53%) FishEye
5 2 (2.53%) jMock
5 2 (2.53%) Maven
6 1 (1.27%) Cucumber
6 1 (1.27%) GitLab
6 1 (1.27%) Gradle
6 1 (1.27%) Octopus Deploy
6 1 (1.27%) PowerBuilder
6 1 (1.27%) ProC
6 1 (1.27%) RStudio
6 1 (1.27%) TeamCity
General
1 79 (100.00%) Banking
2 31 (39.24%) Finance
3 28 (35.44%) Front Office
4 7 (8.86%) Retail
5 3 (3.80%) International Banking
6 2 (2.53%) Advertising
6 2 (2.53%) Financial Institution
6 2 (2.53%) Legal
6 2 (2.53%) Telecoms
7 1 (1.27%) Back Office
7 1 (1.27%) French Language
Job Titles
1 38 (48.10%) Developer
2 19 (24.05%) Java Developer
3 14 (17.72%) Analyst
4 8 (10.13%) Agile Developer
4 8 (10.13%) Agile Java Developer
4 8 (10.13%) Low Latency Java Developer
5 6 (7.59%) Business Analyst
6 5 (6.33%) Front Office Developer
7 4 (5.06%) C++ Developer
8 3 (3.80%) Algorithmic Trading Developer
8 3 (3.80%) Architect
8 3 (3.80%) C++ Pricing Developer
8 3 (3.80%) Data Analyst
8 3 (3.80%) Java Developer - Algorithmic Trading
8 3 (3.80%) Pricing Developer
8 3 (3.80%) Quantitative Developer
8 3 (3.80%) Virtualisation Engineer
9 2 (2.53%) Angular Developer
9 2 (2.53%) IT Analyst
9 2 (2.53%) Risk Business Analyst
Libraries, Frameworks & Software Standards
1 7 (8.86%) Spring
2 5 (6.33%) REST
3 4 (5.06%) AngularJS
3 4 (5.06%) LDAP
3 4 (5.06%) React
4 3 (3.80%) .NET
4 3 (3.80%) Boost C++ Libraries
4 3 (3.80%) CSS
4 3 (3.80%) HTML
4 3 (3.80%) HTML5
4 3 (3.80%) STL
4 3 (3.80%) Web Services
4 3 (3.80%) XML
5 2 (2.53%) Java EE
5 2 (2.53%) JMS
5 2 (2.53%) JTA
5 2 (2.53%) MSMQ
5 2 (2.53%) Murex MxML
5 2 (2.53%) WCF
5 2 (2.53%) XSLT
Miscellaneous
1 9 (11.39%) Fixed Income
2 8 (10.13%) Foreign Exchange (FX)
2 8 (10.13%) Greenfield Project
3 4 (5.06%) Clustering
3 4 (5.06%) Credit Risk
3 4 (5.06%) Derivative
4 3 (3.80%) Market Risk
5 2 (2.53%) Analytical Skills
5 2 (2.53%) Equities
5 2 (2.53%) Hedge funds
5 2 (2.53%) User Experience
6 1 (1.27%) Cyberthreat
6 1 (1.27%) Equity Derivative
6 1 (1.27%) Grid Computing
6 1 (1.27%) Mainframe
6 1 (1.27%) OTC Derivatives
6 1 (1.27%) PKI
6 1 (1.27%) Virtual Team
Operating Systems
1 13 (16.46%) Linux
1 13 (16.46%) Windows
2 10 (12.66%) Unix
3 5 (6.33%) Windows Server
3 5 (6.33%) Windows Server 2019
4 4 (5.06%) Windows Server 2008
4 4 (5.06%) Windows Server 2012
4 4 (5.06%) Windows Server 2016
5 2 (2.53%) Windows 10
6 1 (1.27%) Red Hat Enterprise Linux
Processes & Methodologies
1 20 (25.32%) Agile Software Development
2 18 (22.78%) TDD
3 14 (17.72%) Scrum
4 11 (13.92%) BDD
4 11 (13.92%) Mathematics
5 10 (12.66%) Low Latency
6 9 (11.39%) Computer Science
6 9 (11.39%) Economics
6 9 (11.39%) Multithreading
7 7 (8.86%) Business Analysis
7 7 (8.86%) DevOps
8 6 (7.59%) Analytics
8 6 (7.59%) Problem-Solving
8 6 (7.59%) Stakeholder Management
9 5 (6.33%) Cybersecurity
9 5 (6.33%) User Acceptance Testing
10 4 (5.06%) Garbage Collection
10 4 (5.06%) Infrastructure Engineering
10 4 (5.06%) Microservices
10 4 (5.06%) Security Hardening
Programming Languages
1 29 (36.71%) Java
2 11 (13.92%) Python
3 10 (12.66%) Scala
4 9 (11.39%) SQL
5 8 (10.13%) C++
6 6 (7.59%) JavaScript
7 5 (6.33%) C#
8 4 (5.06%) TypeScript
9 2 (2.53%) Bash Shell
9 2 (2.53%) Korn
9 2 (2.53%) Perl
10 1 (1.27%) C
10 1 (1.27%) Groovy
10 1 (1.27%) Java 8
10 1 (1.27%) PL/SQL
10 1 (1.27%) PowerShell
10 1 (1.27%) T-SQL
Qualifications
1 11 (13.92%) Degree
2 8 (10.13%) Numerate Degree
3 1 (1.27%) CCIE
3 1 (1.27%) Cisco Certification
3 1 (1.27%) Computer Science Degree
3 1 (1.27%) ITIL Foundation Certificate
3 1 (1.27%) PMI Certification
3 1 (1.27%) PMP
3 1 (1.27%) SC Cleared
3 1 (1.27%) Security Cleared
Quality Assurance & Compliance
1 4 (5.06%) QA
2 1 (1.27%) SLA
System Software
1 9 (11.39%) Active Directory
2 6 (7.59%) VMware Infrastructure
3 4 (5.06%) Docker
3 4 (5.06%) VMware ESXi
4 1 (1.27%) Virtual Desktop
Systems Management
1 6 (7.59%) Kubernetes
2 4 (5.06%) Ansible
2 4 (5.06%) Microsoft Clustering
2 4 (5.06%) Terraform
3 3 (3.80%) Opscode Chef
3 3 (3.80%) Puppet
4 1 (1.27%) SCCM
Vendors
1 8 (10.13%) Microsoft
2 6 (7.59%) Oracle
2 6 (7.59%) VMware
3 5 (6.33%) Splunk
4 4 (5.06%) Murex
4 4 (5.06%) Sybase
5 3 (3.80%) Red Hat
5 3 (3.80%) SaltStack
6 2 (2.53%) Atlassian
6 2 (2.53%) Bloomberg
6 2 (2.53%) CA Agile Central
6 2 (2.53%) FireEye
6 2 (2.53%) Reuters
7 1 (1.27%) Blue Coat
7 1 (1.27%) Clearswift
7 1 (1.27%) Google
7 1 (1.27%) Hitachi
7 1 (1.27%) IBM
7 1 (1.27%) NetApp
7 1 (1.27%) Qualys