Period
to

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 16 August 2022 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
16 Aug 2022
Same period 2021 Same period 2020
Rank 179 159 128
Rank change year-on-year -20 -31 +61
Contract jobs citing Retail Banking 19 11 3
As % of all contract jobs advertised in the City of London 0.42% 0.32% 0.14%
As % of the General category 0.70% 0.52% 0.24%
Number of daily rates quoted 15 8 3
10th Percentile £588 £581 £423
25th Percentile £609 £606 £456
Median daily rate (50th Percentile) £750 £625 £525
Median % change year-on-year +20.00% +19.05% -10.64%
75th Percentile £781 £788 £531
90th Percentile £808 £975 £535
Central London median daily rate £750 £625 £525
% change year-on-year +20.00% +19.05% -8.70%

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 2,710 2,115 1,272
As % of all contract IT jobs advertised in the City of London 60.55% 60.97% 59.83%
Number of daily rates quoted 1,873 1,521 892
10th Percentile £326 £363 £313
25th Percentile £468 £463 £414
Median daily rate (50th Percentile) £575 £563 £520
Median % change year-on-year +2.22% +8.17% +1.41%
75th Percentile £700 £675 £613
90th Percentile £800 £750 £688
Central London median daily rate £575 £550 £500
% change year-on-year +4.55% +10.00% -
Number of hourly rates quoted 35 31 29
10th Percentile £16.35 £8.00 £12.68
25th Percentile £19.88 £15.25 £17.00
Median hourly rate £40.50 £23.45 £24.00
Median % change year-on-year +72.71% -2.29% +15.22%
75th Percentile £53.75 £33.00 £38.75
90th Percentile £61.05 £37.75 £46.35
Central London median hourly rate £38.00 £22.75 £26.44
% change year-on-year +67.03% -13.96% +26.93%

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 16 August 2022.

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 16 August 2022, 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 18 (94.74%) Finance
2 17 (89.47%) Banking
3 8 (42.11%) Agile
4 7 (36.84%) SQL Server
4 7 (36.84%) Java
4 7 (36.84%) JavaScript
4 7 (36.84%) React
4 7 (36.84%) SDLC
5 6 (31.58%) Microservices
5 6 (31.58%) SQL
5 6 (31.58%) DB2
5 6 (31.58%) CSS
5 6 (31.58%) PostgreSQL
5 6 (31.58%) HTML
5 6 (31.58%) RESTful
5 6 (31.58%) Node.js
6 5 (26.32%) Scrum
6 5 (26.32%) Retail
7 4 (21.05%) Confluence
7 4 (21.05%) Kanban
7 4 (21.05%) JIRA
7 4 (21.05%) Velocity
7 4 (21.05%) Atlassian
7 4 (21.05%) BDD
7 4 (21.05%) Gherkin
7 4 (21.05%) Bitbucket
7 4 (21.05%) Greenfield Project
7 4 (21.05%) Sprint Retrospective
7 4 (21.05%) Sprint Planning
7 4 (21.05%) Digital 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 4 (21.05%) Confluence
Applications
1 2 (10.53%) InVision
1 2 (10.53%) Sketch
2 1 (5.26%) Chatbot
Cloud Services
1 2 (10.53%) Adobe Creative Cloud
1 2 (10.53%) Figma
2 1 (5.26%) AWS
2 1 (5.26%) Azure
2 1 (5.26%) Microsoft 365
Database & Business Intelligence
1 7 (36.84%) SQL Server
2 6 (31.58%) DB2
2 6 (31.58%) PostgreSQL
Development Applications
1 4 (21.05%) Bitbucket
1 4 (21.05%) JIRA
2 2 (10.53%) Axure RP
2 2 (10.53%) Jenkins
2 2 (10.53%) TeamCity
General
1 18 (94.74%) Finance
2 17 (89.47%) Banking
3 5 (26.32%) Retail
4 4 (21.05%) Social Skills
5 3 (15.79%) Analytical Skills
6 1 (5.26%) Back Office
6 1 (5.26%) Inclusion and Diversity
6 1 (5.26%) Investment Banking
Job Titles
1 7 (36.84%) Developer
1 7 (36.84%) Digital Developer
1 7 (36.84%) Java Developer
2 3 (15.79%) Designer
2 3 (15.79%) Senior Designer
2 3 (15.79%) Senior Developer
2 3 (15.79%) Senior Java Developer
3 2 (10.53%) Interaction Designer
3 2 (10.53%) Senior Interaction Designer
4 1 (5.26%) Analyst
4 1 (5.26%) Architect
4 1 (5.26%) Consultant
4 1 (5.26%) Data Scientist
4 1 (5.26%) Delivery Manager
4 1 (5.26%) Full Stack Developer
4 1 (5.26%) IT Auditor
4 1 (5.26%) IT Infrastructure Auditor
4 1 (5.26%) Operations Consultant
4 1 (5.26%) Project Manager
4 1 (5.26%) Technical Architect
Libraries, Frameworks & Software Standards
1 7 (36.84%) React
2 6 (31.58%) CSS
2 6 (31.58%) HTML
2 6 (31.58%) Node.js
2 6 (31.58%) RESTful
3 4 (21.05%) Gherkin
3 4 (21.05%) Velocity
4 1 (5.26%) Spring
4 1 (5.26%) Spring Boot
4 1 (5.26%) Spring Integration
Miscellaneous
1 4 (21.05%) Greenfield Project
2 2 (10.53%) User Experience
3 1 (5.26%) Analytical Mindset
3 1 (5.26%) Fixed Income
3 1 (5.26%) Legacy Applications
3 1 (5.26%) Management Information System
Operating Systems
1 2 (10.53%) Windows
2 1 (5.26%) Windows 10
2 1 (5.26%) Windows Server
2 1 (5.26%) Windows Server 2016
2 1 (5.26%) Windows Server 2019
Processes & Methodologies
1 8 (42.11%) Agile
2 7 (36.84%) SDLC
3 6 (31.58%) Microservices
4 5 (26.32%) Scrum
5 4 (21.05%) BDD
5 4 (21.05%) Digital Banking
5 4 (21.05%) Kanban
5 4 (21.05%) Sprint Planning
5 4 (21.05%) Sprint Retrospective
6 3 (15.79%) Coaching
6 3 (15.79%) Problem-Solving
6 3 (15.79%) Prototyping
7 2 (10.53%) Business Development
7 2 (10.53%) Competitor Analysis
7 2 (10.53%) Computer Science
7 2 (10.53%) Mathematics
7 2 (10.53%) Mentoring
7 2 (10.53%) Resource Management
7 2 (10.53%) Static Code Analysis
7 2 (10.53%) UX Design
Programming Languages
1 7 (36.84%) Java
1 7 (36.84%) JavaScript
2 6 (31.58%) SQL
Qualifications
1 3 (15.79%) Degree
2 1 (5.26%) CISA
2 1 (5.26%) CISM
2 1 (5.26%) CISSP
2 1 (5.26%) Computer Science Degree
Quality Assurance & Compliance
1 2 (10.53%) PMO
Vendors
1 4 (21.05%) Atlassian
2 2 (10.53%) Adobe
3 1 (5.26%) CA
3 1 (5.26%) Microsoft