Period
to 24 September 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 24 September 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
24 Sep 2021
Same period 2020 Same period 2019
Rank 170 117 188
Rank change year-on-year -53 +71 -8
Contract jobs citing Retail Banking 8 2 45
As % of all contract jobs advertised in the City of London 0.22% 0.11% 0.72%
As % of the General category 0.36% 0.18% 1.25%
Number of daily rates quoted 5 1 31
10th Percentile £558 " £513
25th Percentile £606 £513 £525
Median daily rate (50th Percentile) £625 £525 £600
Median % change year-on-year +19.05% -12.50% +29.73%
75th Percentile £638 £538 £700
90th Percentile £720 " £738
Central London median daily rate £625 £525 £600
% change year-on-year +19.05% -12.50% +26.32%

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 2,207 1,089 3,594
As % of all contract IT jobs advertised in the City of London 60.23% 61.11% 57.46%
Number of daily rates quoted 1,618 761 2,768
10th Percentile £363 £313 £313
25th Percentile £463 £413 £420
Median daily rate (50th Percentile) £558 £525 £513
Median % change year-on-year +6.24% +2.29% -2.24%
75th Percentile £675 £613 £613
90th Percentile £753 £689 £688
Central London median daily rate £550 £525 £500
% change year-on-year +4.76% +5.00% -2.44%
Number of hourly rates quoted 31 25 38
10th Percentile £8.00 £12.75 £11.25
25th Percentile £15.34 £17.00 £12.76
Median hourly rate £25.50 £22.00 £18.50
Median % change year-on-year +15.91% +18.92% -1.07%
75th Percentile £34.38 £39.25 £21.18
90th Percentile £42.25 £50.60 £26.30
Central London median hourly rate £23.00 £22.00 £20.00
% change year-on-year +4.55% +10.00% +6.95%

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 24 September 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 24 September 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 5 (62.50%) Agile Software Development
1 5 (62.50%) Banking
2 4 (50.00%) Finance
3 3 (37.50%) Java
3 3 (37.50%) Retail
3 3 (37.50%) Spring
4 2 (25.00%) Maven
4 2 (25.00%) Investment Banking
4 2 (25.00%) TDD
4 2 (25.00%) Project Management
4 2 (25.00%) AWS
4 2 (25.00%) Cucumber
4 2 (25.00%) REST
4 2 (25.00%) DevOps
4 2 (25.00%) Kubernetes
4 2 (25.00%) Terraform
4 2 (25.00%) Vert.x
5 1 (12.50%) Qualitative Research
5 1 (12.50%) Platform Symphony
5 1 (12.50%) Decision-Making
5 1 (12.50%) Project Delivery
5 1 (12.50%) Business Case
5 1 (12.50%) DataOps
5 1 (12.50%) Documentation Skills
5 1 (12.50%) User Research
5 1 (12.50%) PMO
5 1 (12.50%) Data Strategy
5 1 (12.50%) Quantitative Research
5 1 (12.50%) Reinsurance
5 1 (12.50%) Mobile Banking

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 (12.50%) Oracle Coherence
Cloud Services
1 2 (25.00%) AWS
2 1 (12.50%) Azure
Database & Business Intelligence
1 1 (12.50%) Data Warehouse
Development Applications
1 2 (25.00%) Cucumber
1 2 (25.00%) Maven
General
1 5 (62.50%) Banking
2 4 (50.00%) Finance
3 3 (37.50%) Retail
4 2 (25.00%) Investment Banking
5 1 (12.50%) Corporate Banking
5 1 (12.50%) Documentation Skills
Job Titles
1 2 (25.00%) DevOps Engineer
1 2 (25.00%) Java Engineer
1 2 (25.00%) Project Manager
2 1 (12.50%) Analyst
2 1 (12.50%) Architect
2 1 (12.50%) Business Analyst
2 1 (12.50%) Business Intelligence Manager
2 1 (12.50%) Business Intelligence Project Manager
2 1 (12.50%) Business Manager
2 1 (12.50%) Business Project Manager
2 1 (12.50%) Business Transformation Manager
2 1 (12.50%) Business Transformation Project Manager
2 1 (12.50%) Data Architect
2 1 (12.50%) Developer
2 1 (12.50%) Enterprise Architect
2 1 (12.50%) Enterprise Data Architect
2 1 (12.50%) Java Developer
2 1 (12.50%) Transformation Manager
2 1 (12.50%) Transformation Project Manager
2 1 (12.50%) User Researcher
Libraries, Frameworks & Software Standards
1 3 (37.50%) Spring
2 2 (25.00%) REST
2 2 (25.00%) Vert.x
Miscellaneous
1 1 (12.50%) Mobile Banking
1 1 (12.50%) Reinsurance
Processes & Methodologies
1 5 (62.50%) Agile Software Development
2 2 (25.00%) DevOps
2 2 (25.00%) Project Management
2 2 (25.00%) TDD
3 1 (12.50%) Business Case
3 1 (12.50%) Business Intelligence
3 1 (12.50%) Data Architecture
3 1 (12.50%) Data Integration
3 1 (12.50%) Data Migration
3 1 (12.50%) Data Strategy
3 1 (12.50%) DataOps
3 1 (12.50%) Decision-Making
3 1 (12.50%) Migration
3 1 (12.50%) PRINCE2
3 1 (12.50%) Project Delivery
3 1 (12.50%) Qualitative Research
3 1 (12.50%) Quantitative Research
3 1 (12.50%) Risk Management
3 1 (12.50%) Scrum
3 1 (12.50%) User Research
Programming Languages
1 3 (37.50%) Java
2 1 (12.50%) Python
2 1 (12.50%) SQL
2 1 (12.50%) T-SQL
Qualifications
1 1 (12.50%) Degree
Quality Assurance & Compliance
1 1 (12.50%) PMO
System Software
1 1 (12.50%) Platform Symphony
Systems Management
1 2 (25.00%) Kubernetes
1 2 (25.00%) Terraform
Vendors
1 1 (12.50%) Oracle