Period
to 29 July 2021

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 29 July 2021 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
29 Jul 2021
Same period 2020 Same period 2019
Rank 45 68 87
Rank change year-on-year +23 +19 -27
Contract jobs citing Investment Banking 156 75 181
As % of all contract jobs advertised in the City of London 4.55% 3.18% 2.76%
As % of the General category 7.50% 5.40% 4.60%
Number of daily rates quoted 133 57 149
10th Percentile £517 £413 £400
25th Percentile £563 £505 £463
Median daily rate (50th Percentile) £638 £600 £525
Median % change year-on-year +6.25% +14.29% -12.50%
75th Percentile £750 £688 £638
90th Percentile £800 £753 £730
Central London median daily rate £638 £600 £525
% change year-on-year +6.25% +14.29% -12.50%

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 2,080 1,390 3,933
As % of all contract IT jobs advertised in the City of London 60.69% 58.90% 59.95%
Number of daily rates quoted 1,480 987 3,011
10th Percentile £363 £313 £320
25th Percentile £463 £413 £425
Median daily rate (50th Percentile) £550 £513 £525
Median % change year-on-year +7.32% -2.38% -
75th Percentile £670 £613 £604
90th Percentile £738 £688 £675
Central London median daily rate £550 £500 £513
% change year-on-year +10.00% -2.44% -
Number of hourly rates quoted 28 30 51
10th Percentile £8.00 £12.42 £11.25
25th Percentile £13.69 £13.07 £12.76
Median hourly rate £23.23 £25.22 £19.50
Median % change year-on-year -7.91% +29.33% +4.28%
75th Percentile £32.55 £38.73 £24.47
90th Percentile £37.75 £48.23 £37.50
Central London median hourly rate £22.00 £26.81 £20.00
% change year-on-year -17.93% +34.04% +6.95%

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 29 July 2021.

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 29 July 2021, 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.

1 156 (100.00%) Banking
2 77 (49.36%) Finance
3 59 (37.82%) Front Office
4 57 (36.54%) Agile Software Development
5 51 (32.69%) Java
5 51 (32.69%) SQL
6 49 (31.41%) Derivative
7 43 (27.56%) C#
8 40 (25.64%) TDD
9 37 (23.72%) Continuous Integration
10 35 (22.44%) .NET
11 32 (20.51%) AngularJS
12 30 (19.23%) Git (software)
12 30 (19.23%) TypeScript
13 29 (18.59%) Azure
14 24 (15.38%) Social Skills
15 23 (14.74%) Interest Rate Derivative
16 22 (14.10%) Python
17 21 (13.46%) Spring
17 21 (13.46%) AWS
17 21 (13.46%) DevOps
18 20 (12.82%) Multithreading
18 20 (12.82%) Visual Studio
19 19 (12.18%) Fixed Income
20 17 (10.90%) Risk Management
20 17 (10.90%) Low Latency
21 16 (10.26%) Microservices
21 16 (10.26%) Foreign Exchange (FX)
21 16 (10.26%) Software Engineering
22 15 (9.62%) Spring Boot

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 1 (0.64%) Apache Spark
1 1 (0.64%) Oracle Coherence
1 1 (0.64%) Oracle SOA Suite
1 1 (0.64%) Tomcat
1 1 (0.64%) WebLogic
Applications
1 2 (1.28%) Microsoft Excel
2 1 (0.64%) Microsoft Office
2 1 (0.64%) Microsoft PowerPoint
2 1 (0.64%) Microsoft Project
Business Applications
1 3 (1.92%) ION MarketView
2 1 (0.64%) Bloomberg TOMS
2 1 (0.64%) Orchestrade
Cloud Services
1 29 (18.59%) Azure
2 21 (13.46%) AWS
3 1 (0.64%) IaaS
3 1 (0.64%) Salesforce Sales Cloud
Communications & Networking
1 1 (0.64%) FIX Connectivity
Database & Business Intelligence
1 9 (5.77%) SQL Server
2 4 (2.56%) Data Warehouse
2 4 (2.56%) Hazelcast
2 4 (2.56%) Relational Database
3 3 (1.92%) RDBMS
3 3 (1.92%) Redis
4 2 (1.28%) Azure SQL Database
4 2 (1.28%) Data Mining
4 2 (1.28%) Hadoop
4 2 (1.28%) Oracle Database
4 2 (1.28%) Oracle Database 11g
4 2 (1.28%) Oracle Database 12c
4 2 (1.28%) SQL Server Analysis Services
5 1 (0.64%) Apache Ignite
5 1 (0.64%) Infinispan
5 1 (0.64%) KDB
5 1 (0.64%) SQL Server 2014
5 1 (0.64%) SQL Server 2016
5 1 (0.64%) SQL Server 2019
5 1 (0.64%) SQL Server Integration Services
Development Applications
1 30 (19.23%) Git (software)
2 20 (12.82%) Visual Studio
3 11 (7.05%) JIRA
4 6 (3.85%) Maven
5 5 (3.21%) TeamCity
6 3 (1.92%) JUnit
7 2 (1.28%) Jenkins
8 1 (0.64%) Cucumber
8 1 (0.64%) Eclipse
8 1 (0.64%) Gradle
8 1 (0.64%) IntelliJ
8 1 (0.64%) Moq
8 1 (0.64%) Storybook
8 1 (0.64%) Subversion
8 1 (0.64%) webpack
General
1 156 (100.00%) Banking
2 77 (49.36%) Finance
3 59 (37.82%) Front Office
4 24 (15.38%) Social Skills
5 9 (5.77%) Analytical Skills
6 6 (3.85%) Legal
7 4 (2.56%) Financial Institution
8 3 (1.92%) Back Office
9 2 (1.28%) Prime Brokerage
9 2 (1.28%) Retail
10 1 (0.64%) Corporate Banking
10 1 (0.64%) French Language
10 1 (0.64%) General Ledger
10 1 (0.64%) International Banking
10 1 (0.64%) Organisational Skills
10 1 (0.64%) Retail Banking
10 1 (0.64%) Russian Language
Job Titles
1 104 (66.67%) Developer
2 44 (28.21%) Java Developer
3 34 (21.79%) C# Developer
4 20 (12.82%) Analyst
5 13 (8.33%) Front Office Developer
6 11 (7.05%) Business Analyst
7 9 (5.77%) Banking Analyst
7 9 (5.77%) Project Manager
7 9 (5.77%) Python Developer
8 8 (5.13%) Quantitative Developer
9 7 (4.49%) Risk Analyst
9 7 (4.49%) Senior Developer
9 7 (4.49%) Senior Java Developer
10 6 (3.85%) C# Developer - Commodities
10 6 (3.85%) Investment Banking Java Developer
10 6 (3.85%) Oracle Developer
11 5 (3.21%) Angular Developer
12 4 (2.56%) Banking Project Manager
12 4 (2.56%) Electronic Trading Developer
12 4 (2.56%) Electronic Trading Java Developer
Libraries, Frameworks & Software Standards
1 35 (22.44%) .NET
2 32 (20.51%) AngularJS
3 21 (13.46%) Spring
4 15 (9.62%) Spring Boot
5 11 (7.05%) Kafka
6 9 (5.77%) React
7 6 (3.85%) WPF
8 5 (3.21%) HTML
9 4 (2.56%) Redux
9 4 (2.56%) WCF
10 3 (1.92%) .NET Framework
10 3 (1.92%) Middleware
10 3 (1.92%) REST
10 3 (1.92%) RESTful
10 3 (1.92%) Ultra Messaging
11 2 (1.28%) ASP.NET
11 2 (1.28%) CSS
11 2 (1.28%) FpML
11 2 (1.28%) Web Services
11 2 (1.28%) WinForms
Miscellaneous
1 49 (31.41%) Derivative
2 23 (14.74%) Interest Rate Derivative
3 19 (12.18%) Fixed Income
4 16 (10.26%) Foreign Exchange (FX)
5 14 (8.97%) Credit Risk
6 12 (7.69%) Market Risk
7 7 (4.49%) Equities
8 6 (3.85%) Greenfield Project
8 6 (3.85%) Grid Computing
9 5 (3.21%) Credit Derivative
9 5 (3.21%) Reference Data
9 5 (3.21%) User Experience
10 4 (2.56%) Data Structures
10 4 (2.56%) N-Tier
11 2 (1.28%) Algorithms
11 2 (1.28%) Enterprise Software
11 2 (1.28%) Equity Derivative
11 2 (1.28%) Management Information System
11 2 (1.28%) SWIFT
11 2 (1.28%) Virtual Team
Operating Systems
1 7 (4.49%) Linux
2 6 (3.85%) Unix
3 1 (0.64%) Windows
3 1 (0.64%) Windows Server
3 1 (0.64%) Windows Server 2008
3 1 (0.64%) Windows Server 2012
3 1 (0.64%) Windows Server 2016
3 1 (0.64%) Windows Server 2019
Processes & Methodologies
1 57 (36.54%) Agile Software Development
2 40 (25.64%) TDD
3 37 (23.72%) Continuous Integration
4 21 (13.46%) DevOps
5 20 (12.82%) Multithreading
6 17 (10.90%) Low Latency
6 17 (10.90%) Risk Management
7 16 (10.26%) Microservices
7 16 (10.26%) Software Engineering
8 12 (7.69%) Analytics
8 12 (7.69%) SDLC
9 11 (7.05%) Continuous Deployment
9 11 (7.05%) Mathematics
10 10 (6.41%) Electronic Trading
11 9 (5.77%) Scrum
12 8 (5.13%) Full Stack Development
13 7 (4.49%) Data Analysis
13 7 (4.49%) Project Management
13 7 (4.49%) SOA
14 6 (3.85%) E-business
Programming Languages
1 51 (32.69%) Java
1 51 (32.69%) SQL
2 43 (27.56%) C#
3 30 (19.23%) TypeScript
4 22 (14.10%) Python
5 11 (7.05%) C++
6 10 (6.41%) Java 8
6 10 (6.41%) Scala
7 6 (3.85%) JavaScript
8 5 (3.21%) Kotlin
9 3 (1.92%) C
9 3 (1.92%) Java 11
9 3 (1.92%) PL/SQL
10 2 (1.28%) Haskell
11 1 (0.64%) Apex Code
11 1 (0.64%) Bash Shell
11 1 (0.64%) PowerShell
11 1 (0.64%) Shell Script
11 1 (0.64%) T-SQL
11 1 (0.64%) VB.NET
Qualifications
1 4 (2.56%) Degree
2 2 (1.28%) ACCA
2 2 (1.28%) ISEB
3 1 (0.64%) CFA
3 1 (0.64%) ISTQB
Quality Assurance & Compliance
1 6 (3.85%) PMO
1 6 (3.85%) QA
2 2 (1.28%) Data Quality
3 1 (0.64%) COBIT
3 1 (0.64%) ISO/IEC 27001
3 1 (0.64%) NIST
System Software
1 10 (6.41%) Docker
2 2 (1.28%) Active Directory
3 1 (0.64%) VMware Infrastructure
Systems Management
1 9 (5.77%) Kubernetes
2 1 (0.64%) Backup Exec
2 1 (0.64%) Forefront Identity Manager
2 1 (0.64%) Nexpose
2 1 (0.64%) SCCM
2 1 (0.64%) SCOrch
Vendors
1 9 (5.77%) Oracle
2 7 (4.49%) Solace
3 6 (3.85%) Microsoft
4 4 (2.56%) ION Trading
5 3 (1.92%) Perforce
6 2 (1.28%) Bloomberg
6 2 (1.28%) Murex
6 2 (1.28%) TIBCO
7 1 (0.64%) CrowdStrike
7 1 (0.64%) FXall
7 1 (0.64%) Salesforce.com
7 1 (0.64%) ServiceNow
7 1 (0.64%) Symantec
7 1 (0.64%) Tradeweb
7 1 (0.64%) UiPath
7 1 (0.64%) VMware