Period
to 20 January 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 20 January 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
20 Jan 2021
Same period 2020 Same period 2019
Rank 45 84 78
Rank change year-on-year +39 -6 -51
Contract jobs citing Investment Banking 92 123 211
As % of all contract jobs advertised in the City of London 4.41% 2.49% 3.15%
As % of the General category 8.86% 5.59% 5.92%
Number of daily rates quoted 78 106 183
Median daily rate £579 £600 £600
Median daily rate % change year-on-year -3.54% - +4.35%
10th Percentile £436 £366 £452
90th Percentile £729 £750 £775
Central London median daily rate £579 £600 £600
% change year-on-year -3.54% - +4.35%
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 1,038 2,199 3,567
As % of all contract IT jobs advertised in the City of London 49.78% 44.54% 53.28%
Number of daily rates quoted 757 1,681 2,736
Median daily rate £525 £520 £525
Median daily rate % change year-on-year +0.96% -0.95% -
10th Percentile £313 £313 £286
90th Percentile £700 £700 £688
Central London median daily rate £525 £513 £525
% change year-on-year +2.44% -2.38% -
Number of hourly rates quoted 13 21 43
Median hourly rate £23.00 £18.00 £18.70
Median hourly rate % change year-on-year +27.78% -3.74% -10.95%
10th Percentile £13.70 £12.42 £13.00
90th Percentile £46.00 £23.50 £37.09
Median hourly rate £23.00 £18.70 £18.70
% change year-on-year +22.99% - -10.95%

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 20 January 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 20 January 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 92 (100.00%) Banking
2 43 (46.74%) Finance
3 40 (43.48%) Front Office
4 35 (38.04%) Java
5 25 (27.17%) Linux
6 23 (25.00%) TDD
7 19 (20.65%) Agile Software Development
8 18 (19.57%) Low Latency
9 16 (17.39%) Unix
9 16 (17.39%) Spring
9 16 (17.39%) Multithreading
10 15 (16.30%) Foreign Exchange (FX)
11 14 (15.22%) SQL
12 13 (14.13%) C#
12 13 (14.13%) Windows
12 13 (14.13%) Risk Management
12 13 (14.13%) Kubernetes
13 11 (11.96%) Docker
13 11 (11.96%) C++
14 10 (10.87%) Scrum
14 10 (10.87%) Retail
14 10 (10.87%) Azure
15 9 (9.78%) Windows Server
15 9 (9.78%) Maven
15 9 (9.78%) Market Risk
15 9 (9.78%) Credit Risk
15 9 (9.78%) Grid Computing
15 9 (9.78%) SQL Server
15 9 (9.78%) Python
16 8 (8.70%) Oracle

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 6 (6.52%) Apache Spark
2 4 (4.35%) Confluence
2 4 (4.35%) Red Hat Fuse
3 3 (3.26%) JBoss
4 2 (2.17%) IBM HTTP Server
4 2 (2.17%) Mule
5 1 (1.09%) SharePoint
5 1 (1.09%) SharePoint 2010
Applications
1 2 (2.17%) Microsoft Office
2 1 (1.09%) Microsoft Excel
2 1 (1.09%) Microsoft PowerPoint
2 1 (1.09%) MS Visio
2 1 (1.09%) Sketch
Business Applications
1 1 (1.09%) Global One
1 1 (1.09%) Refinitiv Enterprise Platform
Cloud Services
1 10 (10.87%) Azure
2 7 (7.61%) AWS
3 6 (6.52%) Cloud Computing
3 6 (6.52%) GCP
4 5 (5.43%) IaaS
5 4 (4.35%) PaaS
5 4 (4.35%) SaaS
6 3 (3.26%) GitHub
7 2 (2.17%) Azure Data Factory
7 2 (2.17%) OpenShift
8 1 (1.09%) IBM Cloud
8 1 (1.09%) npm
8 1 (1.09%) Office 365
8 1 (1.09%) SuccessFactors
8 1 (1.09%) Yarn
Communications & Networking
1 6 (6.52%) TCP/IP
2 4 (4.35%) Firewall
2 4 (4.35%) Kerberos
3 3 (3.26%) LAN
3 3 (3.26%) Multicast
3 3 (3.26%) VPN
3 3 (3.26%) WAN
4 2 (2.17%) AMQP
4 2 (2.17%) HTTP
4 2 (2.17%) Internet
4 2 (2.17%) SSL
4 2 (2.17%) Wireshark
Database & Business Intelligence
1 9 (9.78%) SQL Server
2 5 (5.43%) MongoDB
2 5 (5.43%) NoSQL
2 5 (5.43%) Relational Database
3 4 (4.35%) Hadoop
4 3 (3.26%) Flink
4 3 (3.26%) MySQL
5 2 (2.17%) Big Data
5 2 (2.17%) Couchbase
5 2 (2.17%) Hazelcast
5 2 (2.17%) Qlik Sense
5 2 (2.17%) Redis
5 2 (2.17%) SQL Server Analysis Services
6 1 (1.09%) Data Mart
6 1 (1.09%) Data Warehouse
6 1 (1.09%) OLTP
6 1 (1.09%) Oracle Database 11g
6 1 (1.09%) Oracle Database 12c
6 1 (1.09%) SQL Server Integration Services
6 1 (1.09%) SQL Server Reporting Services
Development Applications
1 9 (9.78%) Maven
2 7 (7.61%) JIRA
3 6 (6.52%) Subversion
4 5 (5.43%) Git (software)
5 3 (3.26%) Atlassian Bamboo
5 3 (3.26%) FishEye
5 3 (3.26%) GCC
5 3 (3.26%) GDB
5 3 (3.26%) Hudson
5 3 (3.26%) jMock
5 3 (3.26%) JUnit
6 1 (1.09%) Cucumber
6 1 (1.09%) webpack
General
1 92 (100.00%) Banking
2 43 (46.74%) Finance
3 40 (43.48%) Front Office
4 10 (10.87%) Retail
5 8 (8.70%) International Banking
6 1 (1.09%) Advertising
6 1 (1.09%) Back Office
6 1 (1.09%) Financial Institution
6 1 (1.09%) Legal
Job Titles
1 52 (56.52%) Developer
2 28 (30.43%) Java Developer
3 23 (25.00%) Analyst
4 10 (10.87%) Low Latency Java Developer
5 8 (8.70%) Business Analyst
5 8 (8.70%) Senior Developer
5 8 (8.70%) Senior Java Developer
6 7 (7.61%) Qualitative Analyst
6 7 (7.61%) Quantitative Analyst
7 6 (6.52%) Analyst Developer
7 6 (6.52%) Front Office Developer
7 6 (6.52%) Quantitative Developer
8 5 (5.43%) C# Developer
8 5 (5.43%) Quantitative Analyst Developer
8 5 (5.43%) Virtualisation Engineer
9 4 (4.35%) Agile Developer
9 4 (4.35%) Agile Java Developer
9 4 (4.35%) Algorithmic Trading Developer
9 4 (4.35%) Developer Analyst
9 4 (4.35%) Java Developer - Algorithmic Trading
Libraries, Frameworks & Software Standards
1 16 (17.39%) Spring
2 8 (8.70%) Spring Boot
3 7 (7.61%) REST
3 7 (7.61%) Web Services
4 5 (5.43%) .NET
5 4 (4.35%) Kafka
5 4 (4.35%) LDAP
5 4 (4.35%) Middleware
5 4 (4.35%) RESTful
5 4 (4.35%) WCF
5 4 (4.35%) XML
6 3 (3.26%) Boost C++ Libraries
6 3 (3.26%) HTML
6 3 (3.26%) HTML5
6 3 (3.26%) Java EE
6 3 (3.26%) JAXB
6 3 (3.26%) JMS
6 3 (3.26%) JTA
6 3 (3.26%) JTS
6 3 (3.26%) STL
Miscellaneous
1 15 (16.30%) Foreign Exchange (FX)
2 9 (9.78%) Credit Risk
2 9 (9.78%) Grid Computing
2 9 (9.78%) Market Risk
3 8 (8.70%) Fixed Income
3 8 (8.70%) Greenfield Project
4 7 (7.61%) Equities
5 6 (6.52%) Clustering
6 4 (4.35%) Derivative
7 3 (3.26%) Cyber Kill Chain
7 3 (3.26%) Data Structures
8 2 (2.17%) Algorithms
8 2 (2.17%) Analytical Skills
8 2 (2.17%) Mainframe
8 2 (2.17%) Management Information System
8 2 (2.17%) Replication
8 2 (2.17%) Robotics
9 1 (1.09%) Credit Derivative
9 1 (1.09%) Reference Data
9 1 (1.09%) User Experience
Operating Systems
1 25 (27.17%) Linux
2 16 (17.39%) Unix
3 13 (14.13%) Windows
4 9 (9.78%) Windows Server
5 6 (6.52%) Windows Server 2008
5 6 (6.52%) Windows Server 2012
5 6 (6.52%) Windows Server 2016
5 6 (6.52%) Windows Server 2019
6 3 (3.26%) Red Hat Enterprise Linux
6 3 (3.26%) Solaris
6 3 (3.26%) Windows XP
Processes & Methodologies
1 23 (25.00%) TDD
2 19 (20.65%) Agile Software Development
3 18 (19.57%) Low Latency
4 16 (17.39%) Multithreading
5 13 (14.13%) Risk Management
6 10 (10.87%) Scrum
7 8 (8.70%) Business Analysis
7 8 (8.70%) DevOps
7 8 (8.70%) Visualisation
8 7 (7.61%) BDD
8 7 (7.61%) Cybersecurity
8 7 (7.61%) Mathematics
9 6 (6.52%) Algorithmic Trading
9 6 (6.52%) Data Analysis
9 6 (6.52%) High Availability
9 6 (6.52%) Migration
9 6 (6.52%) Problem-Solving
9 6 (6.52%) SDLC
9 6 (6.52%) Security Hardening
9 6 (6.52%) User Acceptance Testing
Programming Languages
1 35 (38.04%) Java
2 14 (15.22%) SQL
3 13 (14.13%) C#
4 11 (11.96%) C++
5 9 (9.78%) Python
6 8 (8.70%) Scala
7 6 (6.52%) JavaScript
8 2 (2.17%) Bash Shell
8 2 (2.17%) Groovy
8 2 (2.17%) Haskell
8 2 (2.17%) Java 8
8 2 (2.17%) PL/SQL
8 2 (2.17%) PowerShell
8 2 (2.17%) TypeScript
Qualifications
1 6 (6.52%) Degree
2 4 (4.35%) Numerate Degree
3 2 (2.17%) (ISC)2 CCSP
3 2 (2.17%) CCSP
3 2 (2.17%) Cisco Certification
3 2 (2.17%) CISM
3 2 (2.17%) CISSP
3 2 (2.17%) CREST Certified
3 2 (2.17%) GCFA
3 2 (2.17%) GCIA
3 2 (2.17%) GCIH
4 1 (1.09%) Computer Science Degree
4 1 (1.09%) PMI Certification
4 1 (1.09%) PMP
4 1 (1.09%) SC Cleared
4 1 (1.09%) Security Cleared
Quality Assurance & Compliance
1 3 (3.26%) NIST
2 2 (2.17%) COBIT
2 2 (2.17%) GDPR
2 2 (2.17%) QA
2 2 (2.17%) Sarbanes-Oxley
3 1 (1.09%) Data Quality
System Software
1 11 (11.96%) Docker
2 8 (8.70%) Active Directory
3 6 (6.52%) VMware ESXi
3 6 (6.52%) VMware Infrastructure
Systems Management
1 13 (14.13%) Kubernetes
2 4 (4.35%) Microsoft Clustering
2 4 (4.35%) Terraform
3 3 (3.26%) Ansible
3 3 (3.26%) Opscode Chef
3 3 (3.26%) Puppet
4 2 (2.17%) CSIRT
Vendors
1 8 (8.70%) Oracle
1 8 (8.70%) VMware
2 7 (7.61%) Murex
3 6 (6.52%) Microsoft
4 5 (5.43%) Cisco
4 5 (5.43%) Splunk
5 4 (4.35%) Red Hat
5 4 (4.35%) Sybase
6 3 (3.26%) Atlassian
6 3 (3.26%) IBM
6 3 (3.26%) SaltStack
7 2 (2.17%) CA Agile Central
7 2 (2.17%) Dell
7 2 (2.17%) FireEye
8 1 (1.09%) Bloomberg
8 1 (1.09%) Blue Coat
8 1 (1.09%) Clearswift
8 1 (1.09%) Infragistics
8 1 (1.09%) Qualys
8 1 (1.09%) Reuters