Period
to 19 March 2019

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 19 March 2019 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
19 Mar 2019
Same period 2018 Same period 2017
Rank 223 212 191
Rank change year-on-year -11 -21 -9
Contract jobs citing SWIFT 21 41 36
As % of all contract IT jobs advertised in the City of London 0.31% 0.58% 0.60%
As % of the Miscellaneous category 0.77% 1.36% 1.53%
Number of daily rates quoted 14 31 28
City of London median daily rate £478 £500 £463
Median daily rate % change year-on-year -4.50% +8.11% -
10th Percentile £313 £400 £360
90th Percentile £653 £650 £670
Central London median daily rate £480 £500 £463
% change year-on-year -4.00% +8.11% -
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate - - -

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 2,725 3,007 2,360
As % of all contract IT jobs advertised in the City of London 40.28% 42.47% 39.30%
Number of daily rates quoted 2,031 2,371 1,787
City of London median daily rate £525 £525 £500
Median daily rate % change year-on-year - +5.00% +5.26%
10th Percentile £300 £320 £313
90th Percentile £688 £725 £675
Central London median daily rate £525 £525 £500
% change year-on-year - +5.00% +5.26%
Number of hourly rates quoted 44 52 26
City of London median hourly rate £18.70 £21.50 £19.00
Median hourly rate % change year-on-year -13.02% +13.16% -2.56%
10th Percentile £13.09 £12.58 £13.25
90th Percentile £40.65 £48.48 £55.00
Central London median hourly rate £19.25 £21.50 £19.00
% change year-on-year -10.47% +13.16% -3.77%

SWIFT
Job Vacancy Trend in the City of London

Job postings citing SWIFT as a percentage 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

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing SWIFT in the City of London.

Contractor daily rate trend for SWIFT in the City of London

SWIFT
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing SWIFT in the City of London over the 6 months to 19 March 2019.

Contractor daily rate histogram for SWIFT in the City of London

SWIFT
Contractor Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing SWIFT in the City of London.

Contractor hourly rate trend for SWIFT in the City of London

For the 6 months to 19 March 2019, 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 20 (95.24%) Banking
2 13 (61.90%) Finance
3 8 (38.10%) Waterfall
4 7 (33.33%) SEPA
4 7 (33.33%) Agile Software Development
5 6 (28.57%) Validation
6 5 (23.81%) Integration Testing
6 5 (23.81%) Test Scripting
6 5 (23.81%) PSD2
7 4 (19.05%) Analytical Skills
7 4 (19.05%) API Development
7 4 (19.05%) API Testing
7 4 (19.05%) TARGET2
7 4 (19.05%) Cash Management
7 4 (19.05%) HP Quality Center
7 4 (19.05%) REST
7 4 (19.05%) QA
7 4 (19.05%) Business Analysis
7 4 (19.05%) GAP Analysis
7 4 (19.05%) Project Management
7 4 (19.05%) .NET
7 4 (19.05%) HP
8 3 (14.29%) CISSP
8 3 (14.29%) Foreign Exchange (FX)
8 3 (14.29%) C#
8 3 (14.29%) JavaScript
8 3 (14.29%) SQL Server
8 3 (14.29%) ASP.NET
8 3 (14.29%) Data Modelling
8 3 (14.29%) Microsoft

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 (4.76%) BizTalk Server
1 1 (4.76%) CMS
1 1 (4.76%) WebSphere
Business Applications
1 1 (4.76%) Oracle Cash Management
1 1 (4.76%) Summit
Communications & Networking
1 1 (4.76%) Internet
Database & Business Intelligence
1 3 (14.29%) SQL Server
2 1 (4.76%) Data Lake
Development Applications
1 3 (14.29%) Team Foundation Server
General
1 20 (95.24%) Banking
2 13 (61.90%) Finance
3 2 (9.52%) Financial Institution
4 1 (4.76%) Front Office
4 1 (4.76%) Investment Banking
4 1 (4.76%) Retail Banking
Job Titles
1 6 (28.57%) Analyst
2 5 (23.81%) Business Analyst
3 4 (19.05%) Payments Tester
3 4 (19.05%) Tester
4 3 (14.29%) .NET Developer
4 3 (14.29%) C# .NET Developer
4 3 (14.29%) C# Developer
4 3 (14.29%) Developer
4 3 (14.29%) Head of Cybersecurity
4 3 (14.29%) Head of Security
5 2 (9.52%) Head of Payments
5 2 (9.52%) Liquidity Business Analyst
5 2 (9.52%) Project Manager
6 1 (4.76%) Banking Project Manager
6 1 (4.76%) Cash Management Business Analyst
6 1 (4.76%) IT Analyst
6 1 (4.76%) Onboarding Manager
6 1 (4.76%) Payments Analyst
6 1 (4.76%) SWIFT Engineer
6 1 (4.76%) Test Analyst
Libraries, Frameworks & Software Standards
1 4 (19.05%) .NET
1 4 (19.05%) REST
2 3 (14.29%) Ajax
2 3 (14.29%) AngularJS
2 3 (14.29%) ASP.NET
2 3 (14.29%) ASP.NET Web API
2 3 (14.29%) jQuery
3 1 (4.76%) WebSphere MQ
Miscellaneous
1 4 (19.05%) Analytical Skills
2 3 (14.29%) Foreign Exchange (FX)
3 1 (4.76%) Online Banking
Operating Systems
1 1 (4.76%) Linux
Processes & Methodologies
1 8 (38.10%) Waterfall
2 7 (33.33%) Agile Software Development
3 6 (28.57%) Validation
4 5 (23.81%) Integration Testing
4 5 (23.81%) Test Scripting
5 4 (19.05%) API Development
5 4 (19.05%) API Testing
5 4 (19.05%) Business Analysis
5 4 (19.05%) Cash Management
5 4 (19.05%) GAP Analysis
5 4 (19.05%) Project Management
6 3 (14.29%) Change Management
6 3 (14.29%) Computer Science
6 3 (14.29%) Cybersecurity
6 3 (14.29%) Data Modelling
6 3 (14.29%) MVC
6 3 (14.29%) Release Management
6 3 (14.29%) Wealth Management
7 2 (9.52%) Data Architecture
7 2 (9.52%) Data Mapping
Programming Languages
1 3 (14.29%) C#
1 3 (14.29%) JavaScript
2 2 (9.52%) SQL
3 1 (4.76%) C
Qualifications
1 3 (14.29%) CISM
1 3 (14.29%) CISSP
1 3 (14.29%) CRISC
1 3 (14.29%) Degree
2 1 (4.76%) PMI Certification
2 1 (4.76%) PMP
Quality Assurance & Compliance
1 7 (33.33%) SEPA
2 5 (23.81%) PSD2
3 4 (19.05%) QA
3 4 (19.05%) TARGET2
Systems Management
1 4 (19.05%) HP Quality Center
Vendors
1 4 (19.05%) HP
2 3 (14.29%) Microsoft
3 1 (4.76%) Murex
3 1 (4.76%) Oracle