Period
to 24 July 2021

The table below looks at the prevalence of the term SWIFT 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 SWIFT over the 6 months to 24 July 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.

Society for Worldwide Interbank Financial Telecommunication (SWIFT)
Central London > City of London
6 months to
24 Jul 2021
Same period 2020 Same period 2019
Rank 147 135 207
Rank change year-on-year -12 +72 +22
Contract jobs citing SWIFT 20 2 28
As % of all contract jobs advertised in the City of London 0.59% 0.083% 0.42%
As % of the Miscellaneous category 1.49% 0.25% 1.37%
Number of daily rates quoted 16 1 16
10th Percentile £496 " £301
25th Percentile £525 " £409
Median daily rate (50th Percentile) £600 £650 £519
Median % change year-on-year -7.69% +25.30% +3.75%
75th Percentile £650 " £647
90th Percentile " " £706
Central London median daily rate £600 £650 £550
% change year-on-year -7.69% +18.18% +10.00%

SWIFT is in the Generic IT 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 generic IT skills.

All Generic IT Skills
City of London
Contract vacancies with a requirement for generic IT skills 1,343 786 2,050
As % of all contract IT jobs advertised in the City of London 39.53% 32.45% 31.08%
Number of daily rates quoted 954 551 1,539
10th Percentile £381 £306 £348
25th Percentile £463 £413 £444
Median daily rate (50th Percentile) £590 £525 £525
Median % change year-on-year +12.38% - -
75th Percentile £688 £625 £625
90th Percentile £750 £700 £688
Central London median daily rate £590 £525 £525
% change year-on-year +12.38% - -
Number of hourly rates quoted 24 32 43
10th Percentile £8.00 £12.42 £11.25
25th Percentile £12.38 £16.88 £13.13
Median hourly rate £23.50 £36.75 £20.50
Median % change year-on-year -36.05% +79.27% +2.50%
75th Percentile £35.56 £40.93 £37.50
90th Percentile £40.90 £47.75 £46.44
Central London median hourly rate £21.75 £36.00 £20.67
% change year-on-year -39.58% +74.21% +3.33%

SWIFT
Job Vacancy Trend in the City of London

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

Job vacancy trend for SWIFT in the City of London

SWIFT
Contractor Daily Rate Trend in the City of London

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

Daily rate trend for SWIFT in the City of London

SWIFT
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing SWIFT in the City of London over the 6 months to 24 July 2021.

Daily rate histogram for SWIFT in the City of London

SWIFT
Contractor Hourly Rate Trend in the City of London

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

Hourly rate trend for SWIFT in the City of London

For the 6 months to 24 July 2021, IT contractor jobs citing SWIFT 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 SWIFT.

1 13 (65.00%) Finance
2 11 (55.00%) Unix
3 6 (30.00%) SEPA
4 5 (25.00%) Banking
5 3 (15.00%) Service Delivery
5 3 (15.00%) Fixed Income
5 3 (15.00%) Back Office
5 3 (15.00%) Incident Management
5 3 (15.00%) Root Cause Analysis
5 3 (15.00%) Mobile Payment
5 3 (15.00%) Kalman Filter
5 3 (15.00%) Social Skills
5 3 (15.00%) Agile Software Development
6 2 (10.00%) Technical Leadership
6 2 (10.00%) Architecture Roadmap
6 2 (10.00%) Kubernetes
6 2 (10.00%) OpenShift
6 2 (10.00%) Reference Data
6 2 (10.00%) Data Mapping
6 2 (10.00%) Security Cleared
6 2 (10.00%) System Testing
6 2 (10.00%) Data Analysis
6 2 (10.00%) Investment Banking
6 2 (10.00%) Business Analysis
6 2 (10.00%) Management Information System
6 2 (10.00%) SQL
6 2 (10.00%) Foreign Exchange (FX)
6 2 (10.00%) XML
6 2 (10.00%) FpML
6 2 (10.00%) Data Mining

SWIFT
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 (5.00%) WebSphere
Applications
1 1 (5.00%) Microsoft Excel
1 1 (5.00%) Microsoft PowerPoint
1 1 (5.00%) Spreadsheet
Cloud Services
1 2 (10.00%) OpenShift
Communications & Networking
1 1 (5.00%) Firewall
1 1 (5.00%) LAN
1 1 (5.00%) VPN
1 1 (5.00%) WAN
1 1 (5.00%) Wireless
Database & Business Intelligence
1 2 (10.00%) Data Mining
2 1 (5.00%) DB2
General
1 13 (65.00%) Finance
2 5 (25.00%) Banking
3 3 (15.00%) Back Office
3 3 (15.00%) Social Skills
4 2 (10.00%) Investment Banking
5 1 (5.00%) Organisational Skills
5 1 (5.00%) Prime Brokerage
Job Titles
1 12 (60.00%) Analyst
2 8 (40.00%) Applications Support
2 8 (40.00%) Applications Support Analyst
2 8 (40.00%) Payments Analyst
2 8 (40.00%) Support Analyst
3 5 (25.00%) Architect
3 5 (25.00%) Solutions Architect
4 3 (15.00%) Back Office Engineer
4 3 (15.00%) Payments Architect
4 3 (15.00%) Payments Solutions Architect
5 2 (10.00%) Banking Analyst
5 2 (10.00%) Business Analyst
5 2 (10.00%) Infrastructure Solutions Architect
5 2 (10.00%) Investment Banking Business Analyst
5 2 (10.00%) XML Analyst
6 1 (5.00%) Infrastructure Architect
6 1 (5.00%) Integration Architect
6 1 (5.00%) IT Architect
6 1 (5.00%) Security Architect
6 1 (5.00%) Security Solutions Architect
Libraries, Frameworks & Software Standards
1 2 (10.00%) FpML
1 2 (10.00%) XML
2 1 (5.00%) WebSphere MQ
Miscellaneous
1 3 (15.00%) Fixed Income
1 3 (15.00%) Mobile Payment
2 2 (10.00%) Foreign Exchange (FX)
2 2 (10.00%) Management Information System
2 2 (10.00%) Reference Data
3 1 (5.00%) Data Centre
3 1 (5.00%) Enterprise Software
3 1 (5.00%) Greenfield Project
3 1 (5.00%) Legacy Applications
3 1 (5.00%) Legacy Systems
3 1 (5.00%) PKI
3 1 (5.00%) Self-Motivation
Operating Systems
1 11 (55.00%) Unix
2 1 (5.00%) Linux
2 1 (5.00%) Red Hat Enterprise Linux
Processes & Methodologies
1 3 (15.00%) Agile Software Development
1 3 (15.00%) Incident Management
1 3 (15.00%) Kalman Filter
1 3 (15.00%) Root Cause Analysis
1 3 (15.00%) Service Delivery
2 2 (10.00%) Architecture Roadmap
2 2 (10.00%) Business Analysis
2 2 (10.00%) Data Analysis
2 2 (10.00%) Data Mapping
2 2 (10.00%) System Testing
2 2 (10.00%) Technical Leadership
3 1 (5.00%) Analytics
3 1 (5.00%) Identity Management
3 1 (5.00%) Investment Management
3 1 (5.00%) Load Balancing
3 1 (5.00%) Requirements Analysis
3 1 (5.00%) Risk Management
3 1 (5.00%) Security Architecture
3 1 (5.00%) Time Management
3 1 (5.00%) User Acceptance Testing
Programming Languages
1 2 (10.00%) SQL
Qualifications
1 2 (10.00%) Security Cleared
2 1 (5.00%) SC Cleared
Quality Assurance & Compliance
1 6 (30.00%) SEPA
System Software
1 1 (5.00%) VMware ESXi
1 1 (5.00%) VMware Infrastructure
1 1 (5.00%) vSphere
Systems Management
1 2 (10.00%) Kubernetes
Vendors
1 1 (5.00%) Citrix
1 1 (5.00%) IBM
1 1 (5.00%) Microsoft
1 1 (5.00%) Red Hat
1 1 (5.00%) VMware