Investment Banking Contracts in the City of London

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 3 months to 22 June 2017 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 London / City of London
Location	3 months to 22 Jun 2017	Same period 2016	Same period 2015
Rank	19	42	23
Rank change year-on-year	+23	-19
Contract jobs citing Investment Banking	268	170	384
As % of all contract IT jobs advertised in the City of London	8.13%	4.99%	6.61%
As % of the General category	15.11%	9.36%	12.55%
Number of daily rates quoted	233	159	332
Median daily rate	£600	£600	£550
Median daily rate % change year-on-year	-	+9.09%
90% offered a daily rate of more than	£425	£400	£350
10% offered a daily rate of more than	£695	£705	£649
UK excluding London median daily rate	£413	£425	£407
% change year-on-year	-2.94%	+4.55%
Number of hourly rates quoted	2	0	0
Median hourly rate	£15.00	-	-
UK excluding London median hourly rate	£19.50	-	-

Investment Banking is in the common skills category. The next 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.

General Skills City of London
Contract job vacancies with a requirement for common skills	1774	1816	3059
As % of all contract IT job vacancies advertised in the City of London	53.82%	53.35%	52.63%
Number of daily rates quoted	1400	1521	2406
Median daily rate	£535	£500	£490
Median daily rate % change year-on-year	+7.00%	+2.04%
90% offered a daily rate of more than	£370	£325	£320
10% offered a daily rate of more than	£675	£675	£625
UK excluding London median daily rate	£413	£400	£400
% change year-on-year	+3.12%	-
Number of hourly rates quoted	14	16	40
Median hourly rate	£15.32	£20.00	£21.15
Median hourly rate % change year-on-year	-23.40%	-5.43%
90% offered a hourly rate of more than	£13.97	£12.50	£10.46
10% offered a hourly rate of more than	£24.03	£38.90	£39.89
UK excluding London median hourly rate	£30.00	£25.00	£22.50
% change year-on-year	+20.00%	+11.11%

Investment Banking
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London citing Investment Banking as a proportion of all contract or permanent IT jobs with a match in the General category.

Job vacancy trend for Investment Banking in the City of London

Investment Banking
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Investment Banking in the City of London.

Contractor daily rate trend for Investment Banking in the City of London

Investment Banking
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Investment Banking in the City of London over the 3 months to 22 June 2017.

Contractor daily rate histogram for Investment Banking in the City of London

Investment Banking
Contractor Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Investment Banking in the City of London.

Contractor hourly rate trend for Investment Banking in the City of London

Investment Banking
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 22 June 2017, IT contractor jobs citing Investment Banking also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Investment Banking.

1	434 (100.00%)	Banking
2	229 (52.76%)	Finance
3	142 (32.72%)	Agile Software Development
4	129 (29.72%)	Java
5	120 (27.65%)	Front Office
6	81 (18.66%)	SQL
7	67 (15.44%)	Oracle
8	60 (13.82%)	Foreign Exchange (FX)
9	59 (13.59%)	Unix
10	58 (13.36%)	JavaScript
10	58 (13.36%)	Equities
11	54 (12.44%)	Python
11	54 (12.44%)	Multithreading
12	53 (12.21%)	MiFID
12	53 (12.21%)	Fixed Income

13	52 (11.98%)	HTML
13	52 (11.98%)	Derivative
14	51 (11.75%)	C#
14	51 (11.75%)	Analytical Skills
15	49 (11.29%)	Electronic Trading
16	46 (10.60%)	Linux
17	44 (10.14%)	Fintech
18	43 (9.91%)	Stakeholder Management
18	43 (9.91%)	Business Analysis
18	43 (9.91%)	TDD
18	43 (9.91%)	Data Management
19	42 (9.68%)	Project Management
20	39 (8.99%)	Low Latency
20	39 (8.99%)	HTML5
21	36 (8.29%)	AngularJS

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
Applications
Business Applications
Cloud Services
Communications & Networking
Database & Business Intelligence
Development Applications
General
Job Titles
Libraries, Frameworks & Software Standards
Miscellaneous
Operating Systems
Processes & Methodologies
Programming Languages
Qualifications
Quality Assurance & Compliance
System Software
Systems Management
Vendors

Application Platforms
1	28 (6.45%)	Apache Spark
2	15 (3.46%)	Oracle Coherence
3	12 (2.76%)	Apache
4	10 (2.30%)	Confluence
5	7 (1.61%)	Mule
6	6 (1.38%)	Tomcat
6	6 (1.38%)	WebLogic
7	4 (0.92%)	WebSphere
8	3 (0.69%)	Apache Pig
8	3 (0.69%)	GemFire
9	2 (0.46%)	Exchange Server 2013
9	2 (0.46%)	JBoss
9	2 (0.46%)	MS Exchange
9	2 (0.46%)	Skype for Business
9	2 (0.46%)	WebSphere Application Server
10	1 (0.23%)	Blackberry Enterprise Server
10	1 (0.23%)	FileNet
10	1 (0.23%)	IIS
10	1 (0.23%)	MQSeries
10	1 (0.23%)	SAS

Applications
1	16 (3.69%)	Microsoft Excel
2	9 (2.07%)	Microsoft Office
3	4 (0.92%)	Microsoft PowerPoint
3	4 (0.92%)	Microsoft Project
4	2 (0.46%)	Photoshop
5	1 (0.23%)	Adobe Illustrator
5	1 (0.23%)	InVision
5	1 (0.23%)	MS Visio
5	1 (0.23%)	OmniGraffle

Business Applications
1	7 (1.61%)	ION MarketView
2	4 (0.92%)	Bloomberg TOMS
3	3 (0.69%)	SunGard GMI
4	2 (0.46%)	RMDS
4	2 (0.46%)	Summit
4	2 (0.46%)	thinkFolio
5	1 (0.23%)	Bloomberg AIM
5	1 (0.23%)	HFM
5	1 (0.23%)	Hyperion Planning
5	1 (0.23%)	LatentZero
5	1 (0.23%)	SAP Oil and Gas

Cloud Services
1	4 (0.92%)	Office 365
2	3 (0.69%)	Slack
2	3 (0.69%)	Trello
3	2 (0.46%)	Cloud Computing
3	2 (0.46%)	GitHub
3	2 (0.46%)	IaaS
3	2 (0.46%)	Microsoft Azure
4	1 (0.23%)	Amazon AWS
4	1 (0.23%)	Amazon EC2
4	1 (0.23%)	SaaS

Communications & Networking
1	6 (1.38%)	Internet
2	5 (1.15%)	Firewall
2	5 (1.15%)	TCP/IP
3	3 (0.69%)	Multicast
3	3 (0.69%)	SSL
4	2 (0.46%)	AMQP
4	2 (0.46%)	iSCSI
4	2 (0.46%)	LAN
4	2 (0.46%)	Network Security
4	2 (0.46%)	SAN
5	1 (0.23%)	BGP
5	1 (0.23%)	Cisco Nexus
5	1 (0.23%)	Intrusion Detection
5	1 (0.23%)	Kerberos
5	1 (0.23%)	LDAP
5	1 (0.23%)	MPLS
5	1 (0.23%)	VLAN

Database & Business Intelligence
1	30 (6.91%)	Hadoop
2	27 (6.22%)	Big Data
3	21 (4.84%)	SQL Server
4	16 (3.69%)	Oracle Database
5	15 (3.46%)	KDB
6	14 (3.23%)	Data Warehouse
7	10 (2.30%)	Relational Database
8	9 (2.07%)	SQL Server 2008
9	8 (1.84%)	Kdb+
10	5 (1.15%)	Apache Cassandra
10	5 (1.15%)	BusinessObjects Business Intelligence
10	5 (1.15%)	Oracle Database 11g
11	4 (0.92%)	RDBMS
12	3 (0.69%)	Apache Hive
12	3 (0.69%)	HBase
12	3 (0.69%)	NoSQL
12	3 (0.69%)	QlikView
12	3 (0.69%)	SQL Server Reporting Services
13	2 (0.46%)	SQL Server 2012
13	2 (0.46%)	SQL Server Integration Services

Development Applications
1	36 (8.29%)	JIRA
2	12 (2.76%)	Maven
3	10 (2.30%)	Git (software)
3	10 (2.30%)	Selenium
4	8 (1.84%)	Cucumber
4	8 (1.84%)	Jenkins
5	7 (1.61%)	Bitbucket
5	7 (1.61%)	Visual Studio
6	6 (1.38%)	EasyMock
6	6 (1.38%)	JUnit
6	6 (1.38%)	Mockito
6	6 (1.38%)	Subversion
6	6 (1.38%)	TeamCity
6	6 (1.38%)	Toad
7	5 (1.15%)	webpack
8	3 (0.69%)	Ant
8	3 (0.69%)	Grunt
8	3 (0.69%)	Jasmine
8	3 (0.69%)	Oracle APEX
8	3 (0.69%)	Team Foundation Server

General
1	434 (100.00%)	Banking
2	229 (52.76%)	Finance
3	120 (27.65%)	Front Office
4	15 (3.46%)	Back Office
5	13 (3.00%)	Legal
6	10 (2.30%)	Financial Institution
7	9 (2.07%)	Retail
8	5 (1.15%)	Advertising
9	4 (0.92%)	Retail Banking
10	3 (0.69%)	French Language
10	3 (0.69%)	Games
10	3 (0.69%)	Private Banking
11	1 (0.23%)	Corporate Banking
11	1 (0.23%)	Electronics
11	1 (0.23%)	German Language
11	1 (0.23%)	International Banking
11	1 (0.23%)	Manufacturing
11	1 (0.23%)	Marketing
11	1 (0.23%)	Telecoms

Job Titles
1	192 (44.24%)	Developer
2	88 (20.28%)	Analyst
3	87 (20.05%)	Java Developer
4	61 (14.06%)	Business Analyst
5	52 (11.98%)	Senior Developer
6	35 (8.06%)	Project Manager
7	31 (7.14%)	Senior Java Developer
8	28 (6.45%)	Python Developer
9	27 (6.22%)	Scala Developer
10	25 (5.76%)	Banking Analyst
11	22 (5.07%)	Front Office Developer
12	19 (4.38%)	C# Developer
13	18 (4.15%)	Architect
14	16 (3.69%)	Big Data Developer
14	16 (3.69%)	Business IT Analyst
14	16 (3.69%)	Investment Banking Business Analyst
14	16 (3.69%)	IT Analyst
14	16 (3.69%)	IT Business Analyst
14	16 (3.69%)	Java Scala Developer
15	15 (3.46%)	Investment Banking Java Developer

Libraries, Frameworks & Software Standards
1	52 (11.98%)	HTML
2	39 (8.99%)	HTML5
3	36 (8.29%)	AngularJS
4	34 (7.83%)	CSS
5	31 (7.14%)	.NET
6	26 (5.99%)	Spring
7	23 (5.30%)	XML
8	22 (5.07%)	Hibernate
9	18 (4.15%)	Akka
10	17 (3.92%)	React
11	16 (3.69%)	FIX Protocol
12	15 (3.46%)	Node.js
13	12 (2.76%)	D3.js
14	11 (2.53%)	jQuery
15	10 (2.30%)	JMS
15	10 (2.30%)	Middleware
15	10 (2.30%)	Redux
15	10 (2.30%)	WebSphere MQ
16	9 (2.07%)	JSP
16	9 (2.07%)	SOAP

Miscellaneous
1	60 (13.82%)	Foreign Exchange (FX)
2	58 (13.36%)	Equities
3	53 (12.21%)	Fixed Income
4	52 (11.98%)	Derivative
5	51 (11.75%)	Analytical Skills
6	44 (10.14%)	Fintech
7	19 (4.38%)	User Experience
8	17 (3.92%)	Equity Derivative
9	10 (2.30%)	Data Structures
9	10 (2.30%)	Greenfield Project
10	9 (2.07%)	Computer Science
10	9 (2.07%)	Credit Risk
11	8 (1.84%)	Market Risk
11	8 (1.84%)	TWAP
11	8 (1.84%)	VWAP
12	5 (1.15%)	Hedge funds
12	5 (1.15%)	Virtual Team
13	4 (0.92%)	Algorithms
13	4 (0.92%)	Management Information System
14	3 (0.69%)	Clustering

Operating Systems
1	59 (13.59%)	Unix
2	46 (10.60%)	Linux
3	35 (8.06%)	Windows
4	8 (1.84%)	Solaris
5	6 (1.38%)	Red Hat Enterprise Linux
6	4 (0.92%)	Windows Server 2008
7	3 (0.69%)	Windows Server
8	2 (0.46%)	Windows Server 2012
9	1 (0.23%)	Android
9	1 (0.23%)	Apple iOS
9	1 (0.23%)	CentOS
9	1 (0.23%)	Fedora
9	1 (0.23%)	SUSE
9	1 (0.23%)	SUSE Linux Enterprise Server
9	1 (0.23%)	Windows 10
9	1 (0.23%)	Windows 7

Processes & Methodologies
1	142 (32.72%)	Agile Software Development
2	54 (12.44%)	Multithreading
3	49 (11.29%)	Electronic Trading
4	43 (9.91%)	Business Analysis
4	43 (9.91%)	Data Management
4	43 (9.91%)	Stakeholder Management
4	43 (9.91%)	TDD
5	42 (9.68%)	Project Management
6	39 (8.99%)	Low Latency
7	36 (8.29%)	Scrum
8	28 (6.45%)	Data Analysis
9	27 (6.22%)	OO
9	27 (6.22%)	Risk Management
10	26 (5.99%)	Migration
11	23 (5.30%)	Test Automation
12	22 (5.07%)	SDLC
13	21 (4.84%)	Analytics
14	18 (4.15%)	DevOps
15	16 (3.69%)	BDD
16	15 (3.46%)	Change Management

Programming Languages
1	129 (29.72%)	Java
2	81 (18.66%)	SQL
3	58 (13.36%)	JavaScript
4	54 (12.44%)	Python
5	51 (11.75%)	C#
6	31 (7.14%)	Scala
7	22 (5.07%)	PL/SQL
8	18 (4.15%)	C++
9	16 (3.69%)	Shell Script
10	13 (3.00%)	Perl
11	12 (2.76%)	Bash Shell
12	11 (2.53%)	TypeScript
13	8 (1.84%)	VBA
14	7 (1.61%)	ES6
15	6 (1.38%)	C
16	5 (1.15%)	T-SQL
16	5 (1.15%)	VB
17	4 (0.92%)	PowerShell
17	4 (0.92%)	Ruby
18	3 (0.69%)	VB.NET

Qualifications
1	15 (3.46%)	Degree
2	6 (1.38%)	PMI Certification
3	4 (0.92%)	CCNP
3	4 (0.92%)	Cisco Certification
3	4 (0.92%)	PMP
3	4 (0.92%)	PRINCE2 Certification
4	3 (0.69%)	CCNA
4	3 (0.69%)	CISA
4	3 (0.69%)	Computer Science Degree
4	3 (0.69%)	Master's Degree
5	2 (0.46%)	Postgraduate
6	1 (0.23%)	CCIE
6	1 (0.23%)	CISSP
6	1 (0.23%)	ISEB
6	1 (0.23%)	ITIL Certification
6	1 (0.23%)	MCSE
6	1 (0.23%)	Microsoft Certification
6	1 (0.23%)	OCA
6	1 (0.23%)	Oracle Certification
6	1 (0.23%)	RHCE

Quality Assurance & Compliance
1	53 (12.21%)	MiFID
2	18 (4.15%)	QA
3	17 (3.92%)	EMIR
4	7 (1.61%)	SLA
5	5 (1.15%)	Dodd-Frank
5	5 (1.15%)	PMO
6	3 (0.69%)	FINREP
7	2 (0.46%)	COREP
7	2 (0.46%)	CRD IV
7	2 (0.46%)	Data Quality
7	2 (0.46%)	IFRS
8	1 (0.23%)	Basel III
8	1 (0.23%)	COBIT
8	1 (0.23%)	FATCA
8	1 (0.23%)	GDPR
8	1 (0.23%)	IFRS 9
8	1 (0.23%)	ISO 9001
8	1 (0.23%)	ISO/IEC 27002 (supersedes ISO/IEC 17799)
8	1 (0.23%)	ISO/IEC 27005
8	1 (0.23%)	SEPA

System Software
1	6 (1.38%)	Virtual Machines
2	4 (0.92%)	Active Directory
3	3 (0.69%)	Docker
4	2 (0.46%)	Hyper-V
4	2 (0.46%)	VMware Infrastructure
4	2 (0.46%)	vSphere
4	2 (0.46%)	XenApp
5	1 (0.23%)	Apache ZooKeeper
5	1 (0.23%)	HDFS
5	1 (0.23%)	Microsoft App-V
5	1 (0.23%)	NFS
5	1 (0.23%)	VMware ESXi

Systems Management
1	4 (0.92%)	Cisco CUCM
2	3 (0.69%)	Ansible
2	3 (0.69%)	SCCM
2	3 (0.69%)	Thomson Reuters DACS
3	2 (0.46%)	AppManager
3	2 (0.46%)	Control-M
3	2 (0.46%)	EMC NetWorker
3	2 (0.46%)	Microsoft Clustering
3	2 (0.46%)	NetBackup
3	2 (0.46%)	SCOM
3	2 (0.46%)	SCOrch
3	2 (0.46%)	SCSM
3	2 (0.46%)	SCVMM
3	2 (0.46%)	Symantec Enterprise Vault
4	1 (0.23%)	Hadoop YARN
4	1 (0.23%)	HP Quality Center
4	1 (0.23%)	ITRS Geneos
4	1 (0.23%)	Kibana
4	1 (0.23%)	McAfee ePO
4	1 (0.23%)	Mesos

Vendors
1	67 (15.44%)	Oracle
2	16 (3.69%)	Microsoft
3	11 (2.53%)	ION Trading
4	8 (1.84%)	IBM
4	8 (1.84%)	Sybase
5	7 (1.61%)	Murex
5	7 (1.61%)	SAP
6	6 (1.38%)	Bloomberg
6	6 (1.38%)	TIBCO
6	6 (1.38%)	VMware
7	5 (1.15%)	Cisco
7	5 (1.15%)	Fidessa
7	5 (1.15%)	Red Hat
8	4 (0.92%)	HP
8	4 (0.92%)	Informatica
9	3 (0.69%)	Hyperion
9	3 (0.69%)	Salesforce.com
9	3 (0.69%)	SaltStack
9	3 (0.69%)	SunGard
10	2 (0.46%)	Cloudera