Period
to 17 November 2017

The table below looks at the prevalence of the term Banking in contract job vacancies advertised in Essex. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Banking over the 6 months to 17 November 2017 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.

Banking
6 months to
17 Nov 2017
Same period 2016 Same period 2015
Rank 92 62 49
Rank change year-on-year -30 -13 +7
Contract jobs citing Banking 6 16 39
As % of all contract IT jobs advertised in Essex 0.76% 1.81% 3.22%
As % of the General category 1.91% 4.78% 7.24%
Number of daily rates quoted 6 12 28
Essex median daily rate £115 £313 £438
Median daily rate % change year-on-year -63.20% -28.57% -
East of England median daily rate £375 £325 £500
% change year-on-year +15.38% -35.00% +25.00%
Number of hourly rates quoted 0 2 2
Essex median hourly rate - £41.25 £29.06
Median hourly rate % change year-on-year - +41.94% -0.64%
East of England median hourly rate £25.00 £41.25 £29.06
% change year-on-year -39.39% +41.94% -0.64%

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 Essex with a requirement for common skills.

All General Skills
Essex
Contract vacancies with a requirement for common skills 314 335 539
As % of all contract IT jobs advertised in Essex 39.70% 37.98% 44.47%
Number of daily rates quoted 219 191 273
Essex median daily rate £513 £350 £375
Median daily rate % change year-on-year +46.43% -6.67% -6.25%
10th Percentile £310 £225 £232
90th Percentile £603 £525 £515
East of England median daily rate £425 £402 £400
% change year-on-year +5.85% +0.38% -
Number of hourly rates quoted 34 74 85
Essex median hourly rate £40.00 £34.00 £32.00
Median hourly rate % change year-on-year +17.65% +6.25% +6.67%
10th Percentile £18.25 £15.75 £15.75
90th Percentile £63.75 £45.53 £44.50
East of England median hourly rate £40.00 £32.50 £26.00
% change year-on-year +23.08% +25.00% -13.33%

Banking
Job Vacancy Trend in Essex

Job postings citing Banking as a percentage of all IT jobs advertised in Essex.

Job vacancy trend for Banking in Essex

Banking
Contractor Daily Rate Trend in Essex

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Banking in Essex.

Contractor daily rate trend for Banking in Essex

Banking
Contractor Daily Rate Histogram in Essex

The daily rate distribution of IT jobs citing Banking in Essex over the 6 months to 17 November 2017.

Contractor daily rate histogram for Banking in Essex

Banking
Contractor Hourly Rate Trend in Essex

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Banking in Essex.

Contractor hourly rate trend for Banking in Essex

Banking
Contract Job Locations in Essex

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking within the Essex region over the 6 months to 17 November 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Brentwood -11 4 £350 -
Southend-on-Sea -30 2 £115 +9.52%
Chelmsford +7 1 £115 +9.52%
Colchester - 1 £115 -
Banking
East of England

For the 6 months to 17 November 2017, IT contractor jobs citing Banking also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the Essex region with a requirement for Banking.

1 2 (33.33%) VPN
1 2 (33.33%) Cisco
1 2 (33.33%) CCIE
1 2 (33.33%) Cisco Certification
1 2 (33.33%) MPLS
1 2 (33.33%) OSPF
1 2 (33.33%) BGP
1 2 (33.33%) EIGRP
1 2 (33.33%) Project Management
1 2 (33.33%) Firewall
1 2 (33.33%) Telecoms
1 2 (33.33%) Finance
1 2 (33.33%) Network Design
1 2 (33.33%) F5
1 2 (33.33%) Cisco Nexus
1 2 (33.33%) F5 BIG-IP LTM
1 2 (33.33%) F5 BIG-IP GTM
1 2 (33.33%) VXLAN
2 1 (16.67%) ISTQB Foundation Certification
2 1 (16.67%) Mentoring
2 1 (16.67%) Cybersecurity
2 1 (16.67%) SAP
2 1 (16.67%) ITIL
2 1 (16.67%) ATM
2 1 (16.67%) SAP CO
2 1 (16.67%) Software Testing
2 1 (16.67%) ISTQB
2 1 (16.67%) QA
2 1 (16.67%) User Acceptance Testing
2 1 (16.67%) SAP FI/CO

Banking
Co-occurring IT Skills in Essex 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:

Business Applications
1 1 (16.67%) SAP CO
1 1 (16.67%) SAP FI
1 1 (16.67%) SAP FI/CO
Communications & Networking
1 2 (33.33%) BGP
1 2 (33.33%) Cisco Nexus
1 2 (33.33%) EIGRP
1 2 (33.33%) F5 BIG-IP GTM
1 2 (33.33%) F5 BIG-IP LTM
1 2 (33.33%) Firewall
1 2 (33.33%) MPLS
1 2 (33.33%) OSPF
1 2 (33.33%) VPN
1 2 (33.33%) VXLAN
2 1 (16.67%) ATM
2 1 (16.67%) Internet
General
1 2 (33.33%) Finance
1 2 (33.33%) Telecoms
Job Titles
1 2 (33.33%) Design Engineer
2 1 (16.67%) ATM Engineer
2 1 (16.67%) Consultant
2 1 (16.67%) Functional Consultant
2 1 (16.67%) ITIL Manager
2 1 (16.67%) ITIL Service Manager
2 1 (16.67%) Programme Manager
2 1 (16.67%) Service Manager
2 1 (16.67%) Test Leader
Miscellaneous
1 1 (16.67%) EPoS
Processes & Methodologies
1 2 (33.33%) Network Design
1 2 (33.33%) Project Management
2 1 (16.67%) Cybersecurity
2 1 (16.67%) ITIL
2 1 (16.67%) Mentoring
2 1 (16.67%) Software Testing
2 1 (16.67%) User Acceptance Testing
Qualifications
1 2 (33.33%) CCIE
1 2 (33.33%) Cisco Certification
2 1 (16.67%) ISEB
2 1 (16.67%) ISTQB
2 1 (16.67%) ISTQB Foundation Certification
Quality Assurance & Compliance
1 1 (16.67%) QA
Vendors
1 2 (33.33%) Cisco
1 2 (33.33%) F5
2 1 (16.67%) SAP