Period
to 24 May 2020

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 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.

Retail Banking
Central London > City of London
6 months to
24 May 2020
Same period 2019 Same period 2018
Rank 145 176 146
Rank change year-on-year +31 -30 +1
Contract jobs citing Retail Banking 12 66 105
As % of all contract jobs advertised in the City of London 0.38% 1.02% 1.52%
As % of the General category 0.83% 1.96% 2.77%
Number of daily rates quoted 11 50 78
Median daily rate £525 £550 £546
Median daily rate % change year-on-year -4.55% +0.69% +4.05%
10th Percentile £400 £307 £358
90th Percentile £700 £678 £679
Central London median daily rate £525 £550 £550
% change year-on-year -4.55% - +4.76%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
Central London median hourly rate - - -

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 1,448 3,373 3,785
As % of all contract IT jobs advertised in the City of London 45.68% 52.09% 54.63%
Number of daily rates quoted 1,022 2,527 2,940
Median daily rate £515 £525 £525
Median daily rate % change year-on-year -1.90% - +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 34 58
Median hourly rate £35.00 £20.25 £18.98
Median hourly rate % change year-on-year +72.84% +6.72% +18.59%
10th Percentile £12.42 £11.25 £12.29
90th Percentile £43.70 £54.90 £34.80
Median hourly rate £33.76 £20.00 £19.38
% change year-on-year +68.81% +3.23% +21.09%

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 May 2020.

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 May 2020, 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 9 (75.00%) Banking
2 7 (58.33%) Finance
3 6 (50.00%) Agile Software Development
4 5 (41.67%) Java
5 4 (33.33%) DevOps
6 3 (25.00%) Functional Programming
6 3 (25.00%) Performance Tuning
6 3 (25.00%) HDFS
6 3 (25.00%) HBase
6 3 (25.00%) Jenkins
6 3 (25.00%) Computer Science
6 3 (25.00%) JIRA
6 3 (25.00%) Performance Testing
6 3 (25.00%) Scala
6 3 (25.00%) Hadoop
6 3 (25.00%) R
6 3 (25.00%) SQL
6 3 (25.00%) OOP
6 3 (25.00%) Python
6 3 (25.00%) TDD
6 3 (25.00%) Spring
6 3 (25.00%) Unix
6 3 (25.00%) Migration
6 3 (25.00%) Stakeholder Management
6 3 (25.00%) Apache Spark
6 3 (25.00%) Hadoop YARN
6 3 (25.00%) Performance Optimisation
6 3 (25.00%) Travis CI
6 3 (25.00%) Linux Command Line
6 3 (25.00%) PySpark

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 3 (25.00%) Apache Spark
Database & Business Intelligence
1 3 (25.00%) Hadoop
1 3 (25.00%) HBase
2 1 (8.33%) Big Data
Development Applications
1 3 (25.00%) Jenkins
1 3 (25.00%) JIRA
1 3 (25.00%) Travis CI
General
1 9 (75.00%) Banking
2 7 (58.33%) Finance
3 2 (16.67%) Legal
3 2 (16.67%) Telecoms
4 1 (8.33%) Front Office
4 1 (8.33%) International Banking
4 1 (8.33%) Investment Banking
Job Titles
1 3 (25.00%) Developer
1 3 (25.00%) Hadoop Developer
1 3 (25.00%) Java Developer
1 3 (25.00%) Java Hadoop Developer
2 2 (16.67%) Analyst
2 2 (16.67%) Business Analyst
2 2 (16.67%) Project Manager
3 1 (8.33%) Agile Business Analyst
3 1 (8.33%) Consultant
3 1 (8.33%) Digital Analyst
3 1 (8.33%) Digital Business Analyst
3 1 (8.33%) Investment Banking Project Manager
3 1 (8.33%) IT Consultant
3 1 (8.33%) IT Security Consultant
3 1 (8.33%) Report Manager
3 1 (8.33%) Rollout Engineer
3 1 (8.33%) Security Consultant
3 1 (8.33%) Strategic Project Manager
3 1 (8.33%) Windows Engineer
3 1 (8.33%) Windows Rollout Engineer
Libraries, Frameworks & Software Standards
1 3 (25.00%) PySpark
1 3 (25.00%) Spring
2 2 (16.67%) Middleware
2 2 (16.67%) OAuth
2 2 (16.67%) OAuth2
Miscellaneous
1 3 (25.00%) Linux Command Line
2 2 (16.67%) Analytical Skills
2 2 (16.67%) Credit Risk
2 2 (16.67%) Virtual Team
3 1 (8.33%) Mobile Banking
Operating Systems
1 3 (25.00%) Unix
2 1 (8.33%) Windows
2 1 (8.33%) Windows 10
2 1 (8.33%) Windows 7
Processes & Methodologies
1 6 (50.00%) Agile Software Development
2 4 (33.33%) DevOps
3 3 (25.00%) Computer Science
3 3 (25.00%) Functional Programming
3 3 (25.00%) Migration
3 3 (25.00%) OOP
3 3 (25.00%) Performance Optimisation
3 3 (25.00%) Performance Testing
3 3 (25.00%) Performance Tuning
3 3 (25.00%) Stakeholder Management
3 3 (25.00%) TDD
4 2 (16.67%) API Integration
4 2 (16.67%) Fraud Detection
4 2 (16.67%) Mathematics
4 2 (16.67%) Matrix Management
4 2 (16.67%) Problem-Solving
4 2 (16.67%) Project Management
4 2 (16.67%) Secure Coding
4 2 (16.67%) Virtual Team Management
4 2 (16.67%) Waterfall
Programming Languages
1 5 (41.67%) Java
2 3 (25.00%) Python
2 3 (25.00%) R
2 3 (25.00%) Scala
2 3 (25.00%) SQL
3 2 (16.67%) Groovy
3 2 (16.67%) JavaScript
Qualifications
1 2 (16.67%) Degree
System Software
1 3 (25.00%) HDFS
2 2 (16.67%) OpenAM
2 2 (16.67%) OpenDJ
3 1 (8.33%) Active Directory
Systems Management
1 3 (25.00%) Hadoop YARN
2 1 (8.33%) SCCM
Vendors
1 2 (16.67%) ForgeRock