Period
to 13 April 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 13 April 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
13 Apr 2021
Same period 2020 Same period 2019
Rank 56 85 90
Rank change year-on-year +29 +5 -52
Contract jobs citing Investment Banking 93 95 185
As % of all contract jobs advertised in the City of London 3.85% 2.34% 2.72%
As % of the General category 7.91% 5.17% 5.18%
Number of daily rates quoted 73 84 155
10th Percentile £479 £439 £413
25th Percentile £569 £513 £500
Median daily rate (50th Percentile) £675 £625 £575
Median % change year-on-year +8.00% +8.70% -
75th Percentile £738 £688 £688
90th Percentile £750 £750 £775
Central London median daily rate £675 £625 £575
% change year-on-year +8.00% +8.70% -
Number of hourly rates quoted 0 0 1
Median hourly rate - - £32.50
Central London median hourly rate - - £32.50

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 1,176 1,836 3,573
As % of all contract IT jobs advertised in the City of London 48.64% 45.23% 52.58%
Number of daily rates quoted 850 1,360 2,717
10th Percentile £368 £306 £313
25th Percentile £450 £413 £425
Median daily rate (50th Percentile) £550 £525 £525
Median % change year-on-year +4.76% - -
75th Percentile £650 £625 £625
90th Percentile £725 £696 £688
Central London median daily rate £550 £513 £525
% change year-on-year +7.32% -2.38% -
Number of hourly rates quoted 9 31 29
10th Percentile £11.90 £12.42 £11.25
25th Percentile £16.25 £12.46 £13.48
Median hourly rate £23.00 £18.00 £18.70
Median % change year-on-year +27.78% -3.74% -10.95%
75th Percentile £25.18 £28.79 £33.00
90th Percentile £29.25 £43.70 £38.40
Central London median hourly rate £21.00 £18.70 £19.25
% change year-on-year +12.30% -2.86% -8.33%

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 13 April 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 13 April 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 93 (100.00%) Banking
2 50 (53.76%) Front Office
3 47 (50.54%) Finance
4 39 (41.94%) Java
5 21 (22.58%) Linux
6 20 (21.51%) Risk Management
6 20 (21.51%) Spring
6 20 (21.51%) Low Latency
7 16 (17.20%) Spring Boot
7 16 (17.20%) Agile Software Development
7 16 (17.20%) TDD
7 16 (17.20%) Foreign Exchange (FX)
8 15 (16.13%) Unix
8 15 (16.13%) C#
8 15 (16.13%) Kubernetes
8 15 (16.13%) DevOps
9 14 (15.05%) SQL
9 14 (15.05%) Multithreading
10 12 (12.90%) Maven
10 12 (12.90%) Data Analysis
10 12 (12.90%) Grid Computing
10 12 (12.90%) Docker
11 11 (11.83%) C++
11 11 (11.83%) Credit Risk
12 10 (10.75%) Market Risk
12 10 (10.75%) Visualisation
12 10 (10.75%) Kafka
12 10 (10.75%) Python
12 10 (10.75%) Equities
13 9 (9.68%) Scala

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 (2.15%) Apache Spark
1 2 (2.15%) Mule
1 2 (2.15%) Red Hat Fuse
2 1 (1.08%) Confluence
2 1 (1.08%) JBoss
Applications
1 3 (3.23%) Microsoft Office
1 3 (3.23%) Microsoft PowerPoint
2 2 (2.15%) Microsoft Excel
2 2 (2.15%) MS Visio
Business Applications
1 1 (1.08%) Bloomberg TOMS
1 1 (1.08%) Global One
1 1 (1.08%) Orchestrade
Cloud Services
1 6 (6.45%) Azure
2 4 (4.30%) AWS
3 2 (2.15%) Cloud Computing
3 2 (2.15%) IaaS
3 2 (2.15%) OpenShift
4 1 (1.08%) Azure Data Factory
4 1 (1.08%) GCP
4 1 (1.08%) Salesforce Sales Cloud
4 1 (1.08%) SuccessFactors
Communications & Networking
1 3 (3.23%) Firewall
1 3 (3.23%) LAN
1 3 (3.23%) VPN
1 3 (3.23%) WAN
2 2 (2.15%) HTTP
2 2 (2.15%) SSL
2 2 (2.15%) TCP/IP
2 2 (2.15%) Wireshark
3 1 (1.08%) FIX Connectivity
Database & Business Intelligence
1 5 (5.38%) SQL Server
2 4 (4.30%) Hazelcast
2 4 (4.30%) Redis
3 3 (3.23%) MongoDB
3 3 (3.23%) NoSQL
4 2 (2.15%) Big Data
4 2 (2.15%) Couchbase
4 2 (2.15%) Flink
4 2 (2.15%) KDB
4 2 (2.15%) Relational Database
4 2 (2.15%) SQL Server Analysis Services
5 1 (1.08%) Data Mart
5 1 (1.08%) Kdb+
5 1 (1.08%) MySQL
5 1 (1.08%) OLTP
5 1 (1.08%) Oracle Database
5 1 (1.08%) Oracle Database 11g
5 1 (1.08%) Oracle Database 12c
5 1 (1.08%) SQL Server Integration Services
5 1 (1.08%) SQL Server Reporting Services
Development Applications
1 12 (12.90%) Maven
2 3 (3.23%) Git (software)
2 3 (3.23%) JIRA
3 2 (2.15%) Subversion
4 1 (1.08%) Atlassian Bamboo
4 1 (1.08%) Cucumber
4 1 (1.08%) Eclipse
4 1 (1.08%) FishEye
4 1 (1.08%) Gradle
4 1 (1.08%) Hudson
4 1 (1.08%) IntelliJ
4 1 (1.08%) jMock
4 1 (1.08%) JUnit
4 1 (1.08%) Moq
4 1 (1.08%) Storybook
4 1 (1.08%) TeamCity
4 1 (1.08%) webpack
General
1 93 (100.00%) Banking
2 50 (53.76%) Front Office
3 47 (50.54%) Finance
4 5 (5.38%) International Banking
5 3 (3.23%) Financial Institution
5 3 (3.23%) Retail
6 1 (1.08%) Back Office
6 1 (1.08%) French Language
6 1 (1.08%) Legal
6 1 (1.08%) Russian Language
Job Titles
1 52 (55.91%) Developer
2 35 (37.63%) Java Developer
3 21 (22.58%) Analyst
4 11 (11.83%) Senior Developer
4 11 (11.83%) Senior Java Developer
5 9 (9.68%) Front Office Developer
6 8 (8.60%) Business Analyst
7 7 (7.53%) Qualitative Analyst
7 7 (7.53%) Quantitative Analyst
8 6 (6.45%) Analyst Developer
8 6 (6.45%) Quantitative Developer
9 5 (5.38%) C# Developer
9 5 (5.38%) Low Latency Java Developer
9 5 (5.38%) Project Manager
9 5 (5.38%) Quantitative Analyst Developer
10 4 (4.30%) Developer Analyst
10 4 (4.30%) Oracle Developer
10 4 (4.30%) Risk Analyst
11 3 (3.23%) Information Analyst
11 3 (3.23%) Information Security Analyst
Libraries, Frameworks & Software Standards
1 20 (21.51%) Spring
2 16 (17.20%) Spring Boot
3 10 (10.75%) Kafka
4 7 (7.53%) .NET
4 7 (7.53%) RESTful
5 4 (4.30%) Memcached
5 4 (4.30%) Web Services
6 3 (3.23%) AngularJS
7 2 (2.15%) Apache Camel
7 2 (2.15%) CSS
7 2 (2.15%) HTML
7 2 (2.15%) Middleware
7 2 (2.15%) React
7 2 (2.15%) REST
7 2 (2.15%) Samza
7 2 (2.15%) Spring Integration
7 2 (2.15%) WinForms
7 2 (2.15%) WPF
7 2 (2.15%) XSLT
7 2 (2.15%) YAML
Miscellaneous
1 16 (17.20%) Foreign Exchange (FX)
2 12 (12.90%) Grid Computing
3 11 (11.83%) Credit Risk
4 10 (10.75%) Equities
4 10 (10.75%) Market Risk
5 7 (7.53%) Analytical Skills
6 6 (6.45%) Data Structures
6 6 (6.45%) Derivative
6 6 (6.45%) Fixed Income
7 4 (4.30%) Algorithms
7 4 (4.30%) Greenfield Project
8 3 (3.23%) Cyber Kill Chain
8 3 (3.23%) Management Information System
8 3 (3.23%) Reference Data
8 3 (3.23%) User Experience
9 2 (2.15%) Clustering
9 2 (2.15%) Replication
9 2 (2.15%) Robotics
10 1 (1.08%) Virtual Team
10 1 (1.08%) VWAP
Operating Systems
1 21 (22.58%) Linux
2 15 (16.13%) Unix
3 5 (5.38%) Windows
3 5 (5.38%) Windows Server
4 3 (3.23%) Solaris
4 3 (3.23%) Windows XP
5 2 (2.15%) Red Hat Enterprise Linux
5 2 (2.15%) Windows Server 2008
5 2 (2.15%) Windows Server 2012
5 2 (2.15%) Windows Server 2016
5 2 (2.15%) Windows Server 2019
Processes & Methodologies
1 20 (21.51%) Low Latency
1 20 (21.51%) Risk Management
2 16 (17.20%) Agile Software Development
2 16 (17.20%) TDD
3 15 (16.13%) DevOps
4 14 (15.05%) Multithreading
5 12 (12.90%) Data Analysis
6 10 (10.75%) Visualisation
7 9 (9.68%) Continuous Integration
8 8 (8.60%) Continuous Deployment
8 8 (8.60%) Microservices
8 8 (8.60%) SDLC
9 6 (6.45%) API Design
9 6 (6.45%) Performance Tuning
9 6 (6.45%) User Acceptance Testing
10 5 (5.38%) Analytics
10 5 (5.38%) E-business
11 4 (4.30%) Asset Management
11 4 (4.30%) Business Analysis
11 4 (4.30%) Project Management
Programming Languages
1 39 (41.94%) Java
2 15 (16.13%) C#
3 14 (15.05%) SQL
4 11 (11.83%) C++
5 10 (10.75%) Python
6 9 (9.68%) Scala
7 7 (7.53%) Java 8
8 4 (4.30%) Haskell
8 4 (4.30%) PL/SQL
9 3 (3.23%) JavaScript
9 3 (3.23%) Kotlin
9 3 (3.23%) TypeScript
10 2 (2.15%) Bash Shell
10 2 (2.15%) Groovy
10 2 (2.15%) PowerShell
11 1 (1.08%) Apex Code
11 1 (1.08%) SOQL
Qualifications
1 3 (3.23%) Degree
2 2 (2.15%) (ISC)2 CCSP
2 2 (2.15%) CCSP
2 2 (2.15%) Cisco Certification
2 2 (2.15%) CISM
2 2 (2.15%) CISSP
2 2 (2.15%) CREST Certified
2 2 (2.15%) GCFA
2 2 (2.15%) GCIA
2 2 (2.15%) GCIH
3 1 (1.08%) ACCA
3 1 (1.08%) CFA
3 1 (1.08%) ISTQB
Quality Assurance & Compliance
1 3 (3.23%) NIST
1 3 (3.23%) QA
2 2 (2.15%) COBIT
2 2 (2.15%) GDPR
2 2 (2.15%) Sarbanes-Oxley
3 1 (1.08%) Data Quality
3 1 (1.08%) PMO
System Software
1 12 (12.90%) Docker
2 2 (2.15%) Active Directory
2 2 (2.15%) VMware ESXi
2 2 (2.15%) VMware Infrastructure
Systems Management
1 15 (16.13%) Kubernetes
2 2 (2.15%) CSIRT
3 1 (1.08%) Backup Exec
Vendors
1 5 (5.38%) Cisco
1 5 (5.38%) Oracle
2 4 (4.30%) Murex
2 4 (4.30%) VMware
3 3 (3.23%) Microsoft
4 2 (2.15%) Bloomberg
4 2 (2.15%) Dell
4 2 (2.15%) IBM
4 2 (2.15%) Red Hat
4 2 (2.15%) Solace
4 2 (2.15%) Sybase
5 1 (1.08%) AppDynamics
5 1 (1.08%) Atlassian
5 1 (1.08%) FXall
5 1 (1.08%) Infragistics
5 1 (1.08%) Salesforce.com
5 1 (1.08%) Symantec
5 1 (1.08%) Tradeweb