Period
to 28 May 2020

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 28 May 2020 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
28 May 2020
Same period 2019 Same period 2018
Rank 84 90 51
Rank change year-on-year +6 -39 -26
Contract jobs citing Investment Banking 65 177 334
As % of all contract jobs advertised in the City of London 2.11% 2.76% 4.84%
As % of the General category 4.61% 5.32% 8.87%
Number of daily rates quoted 54 144 286
Median daily rate £600 £550 £575
Median daily rate % change year-on-year +9.09% -4.35% -4.17%
10th Percentile £431 £400 £418
90th Percentile £746 £725 £738
Central London median daily rate £600 £550 £575
% change year-on-year +9.09% -4.35% -2.13%
Number of hourly rates quoted 0 1 0
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 1,409 3,330 3,767
As % of all contract IT jobs advertised in the City of London 45.69% 51.86% 54.58%
Number of daily rates quoted 997 2,494 2,933
Median daily rate £513 £525 £525
Median daily rate % change year-on-year -2.38% - +5.00%
10th Percentile £300 £325 £325
90th Percentile £688 £688 £700
Central London median daily rate £500 £525 £525
% change year-on-year -4.76% - +5.00%
Number of hourly rates quoted 41 32 58
Median hourly rate £35.00 £21.00 £19.38
Median hourly rate % change year-on-year +66.67% +8.39% +21.09%
10th Percentile £12.42 £11.25 £12.29
90th Percentile £47.75 £58.30 £34.80
Median hourly rate £35.00 £20.00 £20.25
% change year-on-year +75.00% -1.23% +26.64%

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 28 May 2020.

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 28 May 2020, 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 65 (100.00%) Banking
2 21 (32.31%) Java
3 20 (30.77%) Front Office
4 19 (29.23%) Agile Software Development
5 17 (26.15%) Python
6 16 (24.62%) SQL
7 15 (23.08%) Finance
8 13 (20.00%) TDD
8 13 (20.00%) Multithreading
9 10 (15.38%) SQL Server
10 9 (13.85%) C#
10 9 (13.85%) Foreign Exchange (FX)
10 9 (13.85%) Credit Risk
11 8 (12.31%) Big Data
11 8 (12.31%) Analytics
11 8 (12.31%) Fixed Income
11 8 (12.31%) Analytical Skills
12 7 (10.77%) Microservices
12 7 (10.77%) Apache Spark
12 7 (10.77%) Data Modelling
12 7 (10.77%) JavaScript
12 7 (10.77%) HTML
12 7 (10.77%) Jenkins
12 7 (10.77%) Low Latency
12 7 (10.77%) JIRA
13 6 (9.23%) Spring
13 6 (9.23%) Docker
13 6 (9.23%) Confluence
13 6 (9.23%) HTML5
13 6 (9.23%) MongoDB

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 7 (10.77%) Apache Spark
2 6 (9.23%) Confluence
3 4 (6.15%) Apache
3 4 (6.15%) Elasticsearch
4 2 (3.08%) SharePoint
4 2 (3.08%) Tornado
5 1 (1.54%) IBM Notes
5 1 (1.54%) SharePoint 2010
Applications
1 3 (4.62%) Microsoft Office
1 3 (4.62%) Sketch
2 2 (3.08%) InVision
2 2 (3.08%) Microsoft Excel
3 1 (1.54%) Microsoft PowerPoint
3 1 (1.54%) MS Visio
3 1 (1.54%) Spreadsheet
Business Applications
1 1 (1.54%) Oracle Cash Management
1 1 (1.54%) Oracle FAH
1 1 (1.54%) Oracle Financials
1 1 (1.54%) Oracle General Ledger
1 1 (1.54%) Oracle Receivables
Cloud Services
1 5 (7.69%) GCP
2 4 (6.15%) AWS
2 4 (6.15%) Azure
3 2 (3.08%) Azure Data Factory
4 1 (1.54%) Cloud Computing
4 1 (1.54%) GitHub
4 1 (1.54%) Power Platform
Communications & Networking
1 1 (1.54%) BGP
1 1 (1.54%) HTTP
1 1 (1.54%) Internet
1 1 (1.54%) Multicast
1 1 (1.54%) NAS
1 1 (1.54%) OSPF
1 1 (1.54%) PuTTY
1 1 (1.54%) VoIP
Database & Business Intelligence
1 10 (15.38%) SQL Server
2 8 (12.31%) Big Data
3 6 (9.23%) Data Warehouse
3 6 (9.23%) MongoDB
4 5 (7.69%) SQL Server Integration Services
5 4 (6.15%) SQL Server Reporting Services
6 3 (4.62%) Apache Hive
6 3 (4.62%) NoSQL
6 3 (4.62%) Parquet
6 3 (4.62%) SQL Server Analysis Services
7 2 (3.08%) Hadoop
8 1 (1.54%) Apache Cassandra
8 1 (1.54%) Azure SQL Database
8 1 (1.54%) BusinessObjects
8 1 (1.54%) Couchbase
8 1 (1.54%) DB2
8 1 (1.54%) Flink
8 1 (1.54%) QlikView
8 1 (1.54%) Redis
8 1 (1.54%) Relational Database
Development Applications
1 7 (10.77%) Jenkins
1 7 (10.77%) JIRA
2 4 (6.15%) GitLab
3 3 (4.62%) Git (software)
4 2 (3.08%) Axure RP
4 2 (3.08%) Hudson
4 2 (3.08%) Maven
4 2 (3.08%) ProC
4 2 (3.08%) TeamCity
4 2 (3.08%) Visual Studio
5 1 (1.54%) Gradle
5 1 (1.54%) JUnit
5 1 (1.54%) Octopus Deploy
5 1 (1.54%) RStudio
General
1 65 (100.00%) Banking
2 20 (30.77%) Front Office
3 15 (23.08%) Finance
4 3 (4.62%) Retail
5 2 (3.08%) Legal
5 2 (3.08%) Telecoms
6 1 (1.54%) Advertising
6 1 (1.54%) Financial Institution
6 1 (1.54%) General Ledger
6 1 (1.54%) International Banking
6 1 (1.54%) Retail Banking
Job Titles
1 36 (55.38%) Developer
2 12 (18.46%) Java Developer
3 7 (10.77%) Analyst
3 7 (10.77%) Python Developer
4 5 (7.69%) C# Developer
4 5 (7.69%) C++ Developer
4 5 (7.69%) Low Latency Java Developer
4 5 (7.69%) Quantitative Developer
4 5 (7.69%) Senior Developer
5 4 (6.15%) Data Analyst
6 3 (4.62%) Business Intelligence Developer
6 3 (4.62%) Data Engineer
6 3 (4.62%) Designer
6 3 (4.62%) Digital Developer
6 3 (4.62%) SSIS Developer
6 3 (4.62%) Support Engineer
6 3 (4.62%) UX Designer
7 2 (3.08%) Azure Developer
7 2 (3.08%) C++ Quantitative Developer
7 2 (3.08%) React Developer
Libraries, Frameworks & Software Standards
1 7 (10.77%) HTML
2 6 (9.23%) .NET
2 6 (9.23%) CSS
2 6 (9.23%) HTML5
2 6 (9.23%) Spring
2 6 (9.23%) Web Services
3 4 (6.15%) AngularJS
3 4 (6.15%) CSS3
3 4 (6.15%) Flask
4 3 (4.62%) .NET Framework
4 3 (4.62%) Apache Avro
4 3 (4.62%) RESTful
4 3 (4.62%) Spring Boot
4 3 (4.62%) WinForms
5 2 (3.08%) Django
5 2 (3.08%) FpML
5 2 (3.08%) JPA
5 2 (3.08%) Murex Flex
5 2 (3.08%) REST
5 2 (3.08%) Twisted
Miscellaneous
1 9 (13.85%) Credit Risk
1 9 (13.85%) Foreign Exchange (FX)
2 8 (12.31%) Analytical Skills
2 8 (12.31%) Fixed Income
3 6 (9.23%) Greenfield Project
4 4 (6.15%) Equities
5 3 (4.62%) Market Risk
5 3 (4.62%) User Experience
6 2 (3.08%) Equity Derivative
6 2 (3.08%) Management Information System
7 1 (1.54%) Algorithms
7 1 (1.54%) Blackberry
7 1 (1.54%) Clustering
7 1 (1.54%) Data Centre
7 1 (1.54%) Derivative
7 1 (1.54%) Grid Computing
7 1 (1.54%) Hedge funds
7 1 (1.54%) N-Tier
7 1 (1.54%) Replication
7 1 (1.54%) Virtual Team
Operating Systems
1 5 (7.69%) Windows
2 4 (6.15%) Linux
2 4 (6.15%) Unix
3 2 (3.08%) Windows Server
4 1 (1.54%) Mac OS
4 1 (1.54%) Windows 10
4 1 (1.54%) Windows 7
Processes & Methodologies
1 19 (29.23%) Agile Software Development
2 13 (20.00%) Multithreading
2 13 (20.00%) TDD
3 8 (12.31%) Analytics
4 7 (10.77%) Data Modelling
4 7 (10.77%) Low Latency
4 7 (10.77%) Microservices
5 6 (9.23%) DevOps
5 6 (9.23%) Scrum
6 5 (7.69%) Asset Management
6 5 (7.69%) Garbage Collection
6 5 (7.69%) Stakeholder Management
7 4 (6.15%) BDD
7 4 (6.15%) Risk Management
8 3 (4.62%) Business Intelligence
8 3 (4.62%) Mathematics
8 3 (4.62%) SDLC
8 3 (4.62%) Software Engineering
8 3 (4.62%) Use Case
8 3 (4.62%) Visualisation
Programming Languages
1 21 (32.31%) Java
2 17 (26.15%) Python
3 16 (24.62%) SQL
4 9 (13.85%) C#
5 7 (10.77%) JavaScript
6 5 (7.69%) C++
7 3 (4.62%) Java 8
7 3 (4.62%) Scala
7 3 (4.62%) T-SQL
8 2 (3.08%) Korn
8 2 (3.08%) Perl
9 1 (1.54%) Bash Shell
9 1 (1.54%) Groovy
9 1 (1.54%) PL/SQL
9 1 (1.54%) R
9 1 (1.54%) TypeScript
Qualifications
1 2 (3.08%) Degree
2 1 (1.54%) CCIE
2 1 (1.54%) Cisco Certification
2 1 (1.54%) Master's Degree
Quality Assurance & Compliance
1 2 (3.08%) QA
2 1 (1.54%) Data Quality
2 1 (1.54%) SLA
System Software
1 6 (9.23%) Docker
2 1 (1.54%) Active Directory
2 1 (1.54%) VMware Infrastructure
Systems Management
1 6 (9.23%) Kubernetes
2 3 (4.62%) Ansible
Vendors
1 6 (9.23%) Oracle
2 4 (6.15%) Microsoft
2 4 (6.15%) Sybase
3 3 (4.62%) Google
3 3 (4.62%) MapR
4 2 (3.08%) Bloomberg
4 2 (3.08%) Cloudera
4 2 (3.08%) Hortonworks
4 2 (3.08%) Murex
5 1 (1.54%) Cisco
5 1 (1.54%) Cognizant
5 1 (1.54%) EMC
5 1 (1.54%) Fidessa
5 1 (1.54%) Hitachi
5 1 (1.54%) HP
5 1 (1.54%) Lotus
5 1 (1.54%) NetApp
5 1 (1.54%) Red Hat
5 1 (1.54%) Reuters
5 1 (1.54%) Sun