Period
to 5 May 2021

The table below looks at the prevalence of the term Retail 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 Retail Banking over the 6 months to 5 May 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.

Retail Banking
Central London > City of London
6 months to
5 May 2021
Same period 2020 Same period 2019
Rank 143 153 179
Rank change year-on-year +10 +26 -33
Contract jobs citing Retail Banking 11 15 64
As % of all contract jobs advertised in the City of London 0.41% 0.42% 0.97%
As % of the General category 0.69% 0.74% 1.58%
Number of daily rates quoted 9 14 46
10th Percentile £602 £400 £305
25th Percentile £606 £425 £386
Median daily rate (50th Percentile) £619 £581 £550
Median % change year-on-year +6.49% +5.68% -
75th Percentile £725 £700 £600
90th Percentile £975 " £638
Central London median daily rate £619 £581 £550
% change year-on-year +6.49% +5.68% -

Retail 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 1,601 2,023 4,049
As % of all contract IT jobs advertised in the City of London 59.45% 56.41% 61.42%
Number of daily rates quoted 1,131 1,475 3,057
10th Percentile £363 £269 £307
25th Percentile £450 £413 £425
Median daily rate (50th Percentile) £550 £500 £525
Median % change year-on-year +10.00% -4.76% -
75th Percentile £638 £613 £613
90th Percentile £719 £688 £675
Central London median daily rate £542 £500 £525
% change year-on-year +8.40% -4.76% +2.44%
Number of hourly rates quoted 15 44 47
10th Percentile £9.40 £12.42 £11.25
25th Percentile £11.75 £12.76 £12.76
Median hourly rate £17.50 £18.70 £17.66
Median % change year-on-year -6.42% +5.89% -5.05%
75th Percentile £25.59 £28.69 £21.00
90th Percentile £33.85 £42.37 £37.50
Central London median hourly rate £17.50 £18.70 £18.70
% change year-on-year -6.42% - +0.54%

Retail Banking
Job Vacancy Trend in the City of London

Job postings citing Retail Banking as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Retail Banking in the City of London

Retail Banking
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Retail Banking in the City of London.

Daily rate trend for Retail Banking in the City of London

Retail Banking
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing Retail Banking in the City of London over the 6 months to 5 May 2021.

Daily rate histogram for Retail Banking in the City of London

Retail Banking
Contractor Hourly Rate Trend in the City of London

3-month moving average hourly rates quoted in jobs citing Retail Banking in the City of London.

Hourly rate trend for Retail Banking in the City of London

For the 6 months to 5 May 2021, IT contractor jobs citing Retail 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 Retail Banking.

1 7 (63.64%) Agile Software Development
1 7 (63.64%) Social Skills
2 6 (54.55%) Stakeholder Management
2 6 (54.55%) Banking
3 4 (36.36%) C#
3 4 (36.36%) Azure
3 4 (36.36%) Analytical Skills
4 3 (27.27%) Machine Learning
4 3 (27.27%) User Stories
4 3 (27.27%) Software Engineering
4 3 (27.27%) Python
5 2 (18.18%) Finance
5 2 (18.18%) Content Management
5 2 (18.18%) IBM
5 2 (18.18%) Microsoft
5 2 (18.18%) JavaScript
5 2 (18.18%) .NET
5 2 (18.18%) Artificial Intelligence
5 2 (18.18%) Multithreading
5 2 (18.18%) Data Integration
5 2 (18.18%) Google
5 2 (18.18%) IaaS
5 2 (18.18%) Analytics
5 2 (18.18%) AWS
5 2 (18.18%) Data Visualisation
5 2 (18.18%) Node.js
5 2 (18.18%) PaaS
5 2 (18.18%) Opscode Chef
5 2 (18.18%) Data Centre
5 2 (18.18%) API Design

Retail 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 (9.09%) Anypoint
1 1 (9.09%) Apache Spark
Applications
1 2 (18.18%) Chatbot
Business Applications
1 1 (9.09%) FLEXCUBE
Cloud Services
1 4 (36.36%) Azure
2 2 (18.18%) AWS
2 2 (18.18%) IaaS
2 2 (18.18%) IBM Cloud
2 2 (18.18%) PaaS
2 2 (18.18%) Serverless
Communications & Networking
1 1 (9.09%) HTTP
Database & Business Intelligence
1 1 (9.09%) Relational Database
1 1 (9.09%) SQL Server
Development Applications
1 1 (9.09%) Cucumber
1 1 (9.09%) Eclipse
1 1 (9.09%) Git (software)
1 1 (9.09%) IntelliJ
1 1 (9.09%) Jenkins
1 1 (9.09%) JIRA
1 1 (9.09%) JUnit
1 1 (9.09%) Maven
1 1 (9.09%) Postman
1 1 (9.09%) REST Assured
General
1 7 (63.64%) Social Skills
2 6 (54.55%) Banking
3 4 (36.36%) Analytical Skills
4 2 (18.18%) Finance
4 2 (18.18%) Presentation Skills
Job Titles
1 3 (27.27%) Developer
2 2 (18.18%) .NET Software Engineer
2 2 (18.18%) C# Developer
2 2 (18.18%) C# Software Engineer
2 2 (18.18%) Senior .NET Software Engineer
2 2 (18.18%) Senior C# Software Engineer
2 2 (18.18%) Senior Software Engineer
2 2 (18.18%) Software Engineer
3 1 (9.09%) Architect
3 1 (9.09%) Automation Tester
3 1 (9.09%) Embedded Engineer
3 1 (9.09%) QA Automation Engineer
3 1 (9.09%) QA Automation Tester
3 1 (9.09%) QA Engineer
3 1 (9.09%) QA Tester
3 1 (9.09%) Scala Developer
3 1 (9.09%) Senior Architect
3 1 (9.09%) Senior Solutions Architect
3 1 (9.09%) Solutions Architect
3 1 (9.09%) User Researcher
Libraries, Frameworks & Software Standards
1 2 (18.18%) .NET
1 2 (18.18%) Node.js
2 1 (9.09%) Akka
2 1 (9.09%) Gherkin
2 1 (9.09%) JSON
2 1 (9.09%) Kafka
2 1 (9.09%) RAML
2 1 (9.09%) REST
2 1 (9.09%) Spring
Miscellaneous
1 2 (18.18%) Data Centre
2 1 (9.09%) Algorithms
2 1 (9.09%) Grid Computing
2 1 (9.09%) Market Risk
2 1 (9.09%) Mobile Banking
Processes & Methodologies
1 7 (63.64%) Agile Software Development
2 6 (54.55%) Stakeholder Management
3 3 (27.27%) Machine Learning
3 3 (27.27%) Software Engineering
3 3 (27.27%) User Stories
4 2 (18.18%) Analytics
4 2 (18.18%) API Design
4 2 (18.18%) Artificial Intelligence
4 2 (18.18%) Content Management
4 2 (18.18%) Conversational UI
4 2 (18.18%) Data Integration
4 2 (18.18%) Data Visualisation
4 2 (18.18%) Multithreading
4 2 (18.18%) Visualisation
5 1 (9.09%) Acceptance Criteria
5 1 (9.09%) Analytical Thinking
5 1 (9.09%) API Testing
5 1 (9.09%) Historical Simulation
5 1 (9.09%) QA Automation
5 1 (9.09%) Quantitative Research
Programming Languages
1 4 (36.36%) C#
2 3 (27.27%) Python
3 2 (18.18%) JavaScript
4 1 (9.09%) Java
4 1 (9.09%) Scala
4 1 (9.09%) SQL
Quality Assurance & Compliance
1 2 (18.18%) GDPR
2 1 (9.09%) QA
Systems Management
1 2 (18.18%) Opscode Chef
1 2 (18.18%) Terraform
Vendors
1 2 (18.18%) Google
1 2 (18.18%) IBM
1 2 (18.18%) Microsoft
2 1 (9.09%) Oracle