Period
to 20 October 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 October 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 Oct 2021
Same period 2020 Same period 2019
Rank 45 39 92
Rank change year-on-year -6 +53 -15
Contract jobs citing Investment Banking 182 87 156
As % of all contract jobs advertised in the City of London 4.68% 4.84% 2.63%
As % of the General category 7.85% 7.89% 4.71%
Number of daily rates quoted 152 64 128
10th Percentile £519 £413 £354
25th Percentile £600 £473 £462
Median daily rate (50th Percentile) £650 £563 £536
Median % change year-on-year +15.56% +4.90% -10.63%
75th Percentile £788 £675 £638
90th Percentile £862 £725 £750
Central London median daily rate £650 £575 £525
% change year-on-year +13.04% +9.52% -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 2,318 1,103 3,311
As % of all contract IT jobs advertised in the City of London 59.62% 61.31% 55.84%
Number of daily rates quoted 1,737 781 2,556
10th Percentile £363 £313 £313
25th Percentile £463 £413 £413
Median daily rate (50th Percentile) £570 £525 £513
Median % change year-on-year +8.57% +2.44% -2.38%
75th Percentile £675 £619 £613
90th Percentile £770 £700 £688
Central London median daily rate £563 £525 £500
% change year-on-year +7.14% +5.00% -3.33%
Number of hourly rates quoted 29 22 36
10th Percentile £8.00 £15.00 £12.26
25th Percentile £18.25 £17.13 £13.63
Median hourly rate £25.50 £23.00 £20.92
Median % change year-on-year +10.87% +9.97% +11.84%
75th Percentile £35.00 £37.94 £21.56
90th Percentile £42.35 £46.00 £26.50
Central London median hourly rate £25.50 £23.00 £21.00
% change year-on-year +10.87% +9.52% +12.30%

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 October 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 October 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.

1 182 (100.00%) Banking
2 90 (49.45%) Finance
3 75 (41.21%) Agile Software Development
4 69 (37.91%) SQL
5 58 (31.87%) Java
6 56 (30.77%) Derivative
7 51 (28.02%) Front Office
8 42 (23.08%) C#
9 38 (20.88%) Fixed Income
9 38 (20.88%) Social Skills
10 37 (20.33%) TDD
11 34 (18.68%) AngularJS
12 33 (18.13%) Git (software)
12 33 (18.13%) .NET
13 31 (17.03%) Python
13 31 (17.03%) Azure
14 29 (15.93%) TypeScript
14 29 (15.93%) SDLC
14 29 (15.93%) Continuous Integration
15 23 (12.64%) Visual Studio
15 23 (12.64%) AWS
16 22 (12.09%) Interest Rate Derivative
17 21 (11.54%) DevOps
18 20 (10.99%) Software Engineering
18 20 (10.99%) Foreign Exchange (FX)
19 19 (10.44%) Multithreading
19 19 (10.44%) Electronic Trading
19 19 (10.44%) JIRA
19 19 (10.44%) Analytics
20 18 (9.89%) Low Latency

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 2 (1.10%) Apache Spark
1 2 (1.10%) Confluence
1 2 (1.10%) Oracle Coherence
1 2 (1.10%) SharePoint
2 1 (0.55%) Apache
2 1 (0.55%) IBM HTTP Server
2 1 (0.55%) IBM Notes
2 1 (0.55%) Oracle SOA Suite
2 1 (0.55%) SAS
2 1 (0.55%) Tomcat
2 1 (0.55%) WebLogic
Applications
1 5 (2.75%) Microsoft Office
2 4 (2.20%) Microsoft Excel
3 2 (1.10%) Microsoft PowerPoint
4 1 (0.55%) Figma
4 1 (0.55%) Microsoft Project
4 1 (0.55%) MS Visio
4 1 (0.55%) Spreadsheet
Business Applications
1 4 (2.20%) ION MarketView
2 2 (1.10%) Bloomberg TOMS
Cloud Services
1 31 (17.03%) Azure
2 23 (12.64%) AWS
3 3 (1.65%) Power Platform
4 2 (1.10%) Microsoft 365
4 2 (1.10%) Serverless
5 1 (0.55%) Amazon CloudWatch
5 1 (0.55%) Amazon EC2
5 1 (0.55%) Amazon ECS
5 1 (0.55%) Amazon EKS
5 1 (0.55%) Amazon EMR
5 1 (0.55%) Amazon S3
5 1 (0.55%) Amazon SQS
5 1 (0.55%) AWS Lambda
5 1 (0.55%) Azure ExpressRoute
5 1 (0.55%) GCP
5 1 (0.55%) GitHub
5 1 (0.55%) OneDrive
5 1 (0.55%) Route 53
5 1 (0.55%) Snowflake
Communications & Networking
1 1 (0.55%) BGP
1 1 (0.55%) BIG-IP
1 1 (0.55%) F5 BIG-IP GTM
1 1 (0.55%) F5 BIG-IP LTM
1 1 (0.55%) FIX Connectivity
1 1 (0.55%) HTTP
1 1 (0.55%) NAS
1 1 (0.55%) Skype
1 1 (0.55%) SSL
1 1 (0.55%) TCP/IP
1 1 (0.55%) VoIP
Database & Business Intelligence
1 13 (7.14%) SQL Server
2 9 (4.95%) Relational Database
3 8 (4.40%) Data Warehouse
4 7 (3.85%) Oracle Database
5 4 (2.20%) Hazelcast
5 4 (2.20%) NoSQL
5 4 (2.20%) RDBMS
5 4 (2.20%) SQL Server Integration Services
6 3 (1.65%) Hadoop
6 3 (1.65%) SQL Server Analysis Services
7 2 (1.10%) Apache Ignite
7 2 (1.10%) Azure SQL Database
7 2 (1.10%) Big Data
7 2 (1.10%) Data Mart
7 2 (1.10%) Infinispan
7 2 (1.10%) KDB
7 2 (1.10%) Oracle Database 11g
7 2 (1.10%) Oracle Database 12c
7 2 (1.10%) Power BI
7 2 (1.10%) Redis
Development Applications
1 33 (18.13%) Git (software)
2 23 (12.64%) Visual Studio
3 19 (10.44%) JIRA
4 7 (3.85%) TeamCity
5 5 (2.75%) Jenkins
6 4 (2.20%) JUnit
6 4 (2.20%) Maven
7 3 (1.65%) Appium
7 3 (1.65%) Bitbucket
7 3 (1.65%) Cucumber
7 3 (1.65%) Octopus Deploy
7 3 (1.65%) Selenium
7 3 (1.65%) SpecFlow
7 3 (1.65%) TestNG
7 3 (1.65%) WebDriver
7 3 (1.65%) Zephyr
8 2 (1.10%) Jasmine
8 2 (1.10%) Karma Test Runner
9 1 (0.55%) CMake
9 1 (0.55%) Cypress.io
General
1 182 (100.00%) Banking
2 90 (49.45%) Finance
3 51 (28.02%) Front Office
4 38 (20.88%) Social Skills
5 7 (3.85%) Back Office
5 7 (3.85%) Legal
6 3 (1.65%) Analytical Skills
6 3 (1.65%) Financial Institution
6 3 (1.65%) Prime Brokerage
6 3 (1.65%) Retail
7 2 (1.10%) Corporate Banking
7 2 (1.10%) International Banking
7 2 (1.10%) Retail Banking
8 1 (0.55%) Influencing Skills
8 1 (0.55%) Multimedia
8 1 (0.55%) Organisational Skills
8 1 (0.55%) Presentation Skills
8 1 (0.55%) Telecoms
Job Titles
1 116 (63.74%) Developer
2 46 (25.27%) Java Developer
3 32 (17.58%) C# Developer
4 25 (13.74%) Analyst
5 16 (8.79%) Python Developer
6 14 (7.69%) Business Analyst
7 11 (6.04%) Banking Analyst
8 9 (4.95%) Electronic Trading Developer
8 9 (4.95%) Electronic Trading Java Developer
8 9 (4.95%) Front Office Developer
9 8 (4.40%) Senior Developer
10 7 (3.85%) Angular Developer
10 7 (3.85%) Project Manager
10 7 (3.85%) Python Engineer
10 7 (3.85%) Quantitative Developer
10 7 (3.85%) Risk Analyst
11 6 (3.30%) C# Developer - Commodities
11 6 (3.30%) Investment Banking Java Developer
11 6 (3.30%) Programme Manager
11 6 (3.30%) Senior Java Developer
Libraries, Frameworks & Software Standards
1 34 (18.68%) AngularJS
2 33 (18.13%) .NET
3 13 (7.14%) Spring
4 11 (6.04%) HTML
5 7 (3.85%) FIX Protocol
5 7 (3.85%) HTML5
5 7 (3.85%) React
6 6 (3.30%) Middleware
6 6 (3.30%) Spring Boot
6 6 (3.30%) WPF
6 6 (3.30%) XML
7 5 (2.75%) Kafka
7 5 (2.75%) Redux
7 5 (2.75%) REST
7 5 (2.75%) Swing
7 5 (2.75%) WCF
8 4 (2.20%) Web Services
9 3 (1.65%) CSS
9 3 (1.65%) WinForms
9 3 (1.65%) XML Messaging
Miscellaneous
1 56 (30.77%) Derivative
2 38 (20.88%) Fixed Income
3 22 (12.09%) Interest Rate Derivative
4 20 (10.99%) Foreign Exchange (FX)
5 17 (9.34%) Market Risk
6 14 (7.69%) Equities
7 13 (7.14%) Credit Risk
8 9 (4.95%) Greenfield Project
9 7 (3.85%) Credit Derivative
9 7 (3.85%) Equity Derivative
10 6 (3.30%) User Experience
11 5 (2.75%) Management Information System
11 5 (2.75%) N-Tier
12 4 (2.20%) Reference Data
13 2 (1.10%) Blackberry
13 2 (1.10%) Data Structures
13 2 (1.10%) Hedge funds
13 2 (1.10%) Reinsurance
13 2 (1.10%) SWIFT
13 2 (1.10%) Synthetic Equity
Operating Systems
1 6 (3.30%) Linux
1 6 (3.30%) Unix
2 4 (2.20%) Windows
3 1 (0.55%) Apple iOS
3 1 (0.55%) Mac OS
3 1 (0.55%) Windows 10
3 1 (0.55%) Windows 7
3 1 (0.55%) Windows Server
3 1 (0.55%) Windows Server 2008
3 1 (0.55%) Windows Server 2012
3 1 (0.55%) Windows Server 2016
3 1 (0.55%) Windows Server 2019
Processes & Methodologies
1 75 (41.21%) Agile Software Development
2 37 (20.33%) TDD
3 29 (15.93%) Continuous Integration
3 29 (15.93%) SDLC
4 21 (11.54%) DevOps
5 20 (10.99%) Software Engineering
6 19 (10.44%) Analytics
6 19 (10.44%) Electronic Trading
6 19 (10.44%) Multithreading
7 18 (9.89%) Low Latency
8 17 (9.34%) Mathematics
9 14 (7.69%) Microservices
10 9 (4.95%) Project Management
10 9 (4.95%) Risk Management
10 9 (4.95%) Scrum
11 8 (4.40%) Problem-Solving
11 8 (4.40%) Wealth Management
12 7 (3.85%) Market Making
12 7 (3.85%) Performance Tuning
12 7 (3.85%) Test Automation
Programming Languages
1 69 (37.91%) SQL
2 58 (31.87%) Java
3 42 (23.08%) C#
4 31 (17.03%) Python
5 29 (15.93%) TypeScript
6 14 (7.69%) C++
7 11 (6.04%) JavaScript
8 5 (2.75%) Java 8
9 4 (2.20%) C
9 4 (2.20%) Scala
10 3 (1.65%) Apex Code
10 3 (1.65%) Java 11
10 3 (1.65%) PL/SQL
10 3 (1.65%) VBScript
11 2 (1.10%) ES6
12 1 (0.55%) Kotlin
12 1 (0.55%) Perl
12 1 (0.55%) T-SQL
12 1 (0.55%) VB
12 1 (0.55%) VB.NET
Qualifications
1 11 (6.04%) Degree
2 4 (2.20%) Computer Science Degree
2 4 (2.20%) Numerate Degree
3 3 (1.65%) ISTQB
3 3 (1.65%) ISTQB Foundation Certification
4 2 (1.10%) ISEB
4 2 (1.10%) ISTQB Advanced Certification
5 1 (0.55%) ITIL Certification
5 1 (0.55%) Master's Degree
5 1 (0.55%) PMI Certification
Quality Assurance & Compliance
1 8 (4.40%) QA
2 6 (3.30%) PMO
3 2 (1.10%) Data Quality
4 1 (0.55%) COBIT
4 1 (0.55%) EMIR
4 1 (0.55%) GDPR
4 1 (0.55%) ISO/IEC 27001
4 1 (0.55%) MiFID
4 1 (0.55%) NIST
System Software
1 12 (6.59%) Docker
2 3 (1.65%) Active Directory
3 2 (1.10%) VMware Infrastructure
4 1 (0.55%) Oracle RAC
Systems Management
1 7 (3.85%) Kubernetes
2 4 (2.20%) Ansible
3 2 (1.10%) Terraform
4 1 (0.55%) Data Guard
4 1 (0.55%) Forefront Identity Manager
4 1 (0.55%) Microsoft Clustering
4 1 (0.55%) Microsoft Intune
4 1 (0.55%) Nexpose
4 1 (0.55%) Oracle Enterprise Manager
4 1 (0.55%) PingFederate
4 1 (0.55%) SCCM
4 1 (0.55%) SCOrch
Vendors
1 15 (8.24%) Oracle
2 9 (4.95%) Microsoft
3 5 (2.75%) ION Trading
4 4 (2.20%) Solace
5 3 (1.65%) Bloomberg
5 3 (1.65%) Murex
5 3 (1.65%) Perforce
5 3 (1.65%) Salesforce.com
6 2 (1.10%) Cisco
6 2 (1.10%) SAP
6 2 (1.10%) VMware
7 1 (0.55%) Cadence
7 1 (0.55%) Fidessa
7 1 (0.55%) HP
7 1 (0.55%) IBM
7 1 (0.55%) Lotus
7 1 (0.55%) Sage
7 1 (0.55%) SunGard
7 1 (0.55%) TIBCO
7 1 (0.55%) Veritas