Period
to 18 January 2022

The table below looks at the prevalence of the term Banking in contract job vacancies advertised in London. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Banking over the 6 months to 18 January 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.

Banking
England > London
6 months to
18 Jan 2022
Same period 2021 Same period 2020
Rank 12 11 15
Rank change year-on-year -1 +4 -5
Contract jobs citing Banking 4,239 2,130 2,652
As % of all contract jobs advertised in London 11.34% 12.34% 8.82%
As % of the General category 19.65% 21.50% 16.35%
Number of daily rates quoted 3,087 1,607 1,952
10th Percentile £450 £388 £360
25th Percentile £525 £463 £463
Median daily rate (50th Percentile) £648 £575 £575
Median % change year-on-year +12.61% - +1.77%
75th Percentile £744 £669 £675
90th Percentile £800 £738 £730
England median daily rate £625 £550 £550
% change year-on-year +13.64% - -
Number of hourly rates quoted 9 7 19
10th Percentile £15.48 £22.15 £15.74
25th Percentile - £22.63 £16.50
Median hourly rate £21.00 £23.00 £18.70
Median % change year-on-year -8.70% +22.99% -
75th Percentile £29.50 £48.88 £21.00
90th Percentile £40.90 £76.25 £21.20
England median hourly rate £15.86 £22.00 £21.00
% change year-on-year -27.91% +4.76% +12.30%

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 London with a requirement for common skills.

All General Skills
London
Contract vacancies with a requirement for common skills 21,568 9,909 16,222
As % of all contract IT jobs advertised in London 57.69% 57.42% 53.97%
Number of daily rates quoted 15,493 7,141 11,599
10th Percentile £375 £315 £300
25th Percentile £471 £413 £406
Median daily rate (50th Percentile) £575 £522 £513
Median % change year-on-year +10.26% +1.76% -0.97%
75th Percentile £688 £626 £625
90th Percentile £775 £713 £700
England median daily rate £525 £475 £475
% change year-on-year +10.53% - -
Number of hourly rates quoted 250 102 233
10th Percentile £16.23 £15.15 £12.44
25th Percentile £21.32 £21.81 £16.50
Median hourly rate £35.00 £27.63 £20.86
Median % change year-on-year +26.67% +32.45% +6.97%
75th Percentile £49.25 £45.63 £29.96
90th Percentile £62.50 £60.78 £52.50
England median hourly rate £19.52 £23.25 £18.70
% change year-on-year -16.04% +24.33% +1.08%

Banking
Job Vacancy Trend in London

Job postings citing Banking as a proportion of all IT jobs advertised in London.

Job vacancy trend for Banking in London

Banking
Contractor Daily Rate Trend in London

3-month moving average daily rate quoted in jobs citing Banking in London.

Daily rate trend for Banking in London

Banking
Daily Rate Histogram in London

Daily rate distribution for jobs citing Banking in London over the 6 months to 18 January 2022.

Daily rate histogram for Banking in London

Banking
Contractor Hourly Rate Trend in London

3-month moving average hourly rates quoted in jobs citing Banking in London.

Hourly rate trend for Banking in London

Banking
Hourly Rate Histogram in London

Hourly rate distribution of jobs citing Banking in London over the 6 months to 18 January 2022.

Hourly rate histogram for Banking in London

Banking
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking within the London region over the 6 months to 18 January 2022. 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
Central London -2 509 £625 +13.64% 173
South London +6 19 £750 +50.00% 8
East London +4 14 £400 -21.65% 29
Banking
England

For the 6 months to 18 January 2022, IT contractor jobs citing 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 London region with a requirement for Banking.

1 2,098 (49.49%) Finance
2 1,632 (38.50%) Investment Banking
3 1,330 (31.38%) Agile Software Development
4 1,064 (25.10%) Java
5 926 (21.84%) Social Skills
6 859 (20.26%) SQL
7 619 (14.60%) DevOps
8 607 (14.32%) Python
9 606 (14.30%) Front Office
10 590 (13.92%) Azure
11 491 (11.58%) C#
12 431 (10.17%) .NET
13 387 (9.13%) JIRA
14 381 (8.99%) Oracle
15 373 (8.80%) JavaScript
15 373 (8.80%) Microsoft
16 366 (8.63%) Scrum
16 366 (8.63%) Foreign Exchange (FX)
17 359 (8.47%) Linux
18 357 (8.42%) AWS
19 356 (8.40%) Microservices
20 345 (8.14%) Windows
21 333 (7.86%) Stakeholder Management
22 324 (7.64%) Multithreading
23 318 (7.50%) Spring
24 313 (7.38%) Git (software)
24 313 (7.38%) Kubernetes
25 311 (7.34%) Problem-Solving
26 310 (7.31%) Analytics
26 310 (7.31%) Change Management

Banking
Co-occurring IT Skills in 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
1 183 (4.32%) Confluence
2 178 (4.20%) Apache Spark
3 90 (2.12%) SharePoint
4 66 (1.56%) Apache
5 49 (1.16%) Mule
6 47 (1.11%) IIS
7 40 (0.94%) Red Hat Fuse
8 29 (0.68%) WebSphere
9 26 (0.61%) Elasticsearch
9 26 (0.61%) JBoss
10 21 (0.50%) Tomcat
11 18 (0.42%) Oracle Coherence
12 17 (0.40%) SAS
13 16 (0.38%) Cloud Foundry
13 16 (0.38%) Jupyter
14 15 (0.35%) Appian
15 13 (0.31%) nginx
16 11 (0.26%) Apache Airflow
17 10 (0.24%) Gunicorn
17 10 (0.24%) Oracle SOA Suite
Applications
1 178 (4.20%) Microsoft Excel
2 82 (1.93%) Microsoft PowerPoint
3 50 (1.18%) MS Visio
4 45 (1.06%) Microsoft Office
5 30 (0.71%) Microsoft Project
6 23 (0.54%) Spreadsheet
7 17 (0.40%) Sketch
8 9 (0.21%) Chatbot
9 8 (0.19%) InVision
10 6 (0.14%) Adobe Creative Suite
11 5 (0.12%) Adobe Illustrator
12 4 (0.094%) Adobe XD
12 4 (0.094%) Photoshop
13 2 (0.047%) Acrobat
13 2 (0.047%) Blender
13 2 (0.047%) InDesign
14 1 (0.024%) InfoPath
14 1 (0.024%) Oracle Smart View
14 1 (0.024%) Zeplin
Business Applications
1 30 (0.71%) ION MarketView
1 30 (0.71%) SunGard Martini
2 9 (0.21%) Markit EDM
3 7 (0.17%) Dynamics CRM
3 7 (0.17%) Summit
4 6 (0.14%) Distributed Ledger
4 6 (0.14%) Loan IQ
4 6 (0.14%) Oracle General Ledger
5 5 (0.12%) Oracle Subledger Accounting
5 5 (0.12%) Sentinel
5 5 (0.12%) Temenos T24
6 4 (0.094%) Bloomberg TOMS
6 4 (0.094%) Misys Midas
6 4 (0.094%) R3 Corda
6 4 (0.094%) Remedy ITSM
6 4 (0.094%) SAP S/4HANA
7 3 (0.071%) Eikon
7 3 (0.071%) OneSumX
7 3 (0.071%) Oracle BPM
7 3 (0.071%) Oracle Cash Management
Cloud Services
1 590 (13.92%) Azure
2 357 (8.42%) AWS
3 229 (5.40%) GCP
4 106 (2.50%) GitHub
5 88 (2.08%) OpenShift
6 76 (1.79%) Power Platform
7 72 (1.70%) Microsoft 365
8 66 (1.56%) SaaS
9 61 (1.44%) PaaS
10 55 (1.30%) IaaS
11 51 (1.20%) Azure Data Factory
11 51 (1.20%) Serverless
12 41 (0.97%) Azure Synapse Analytics
12 41 (0.97%) Cloud Computing
13 32 (0.75%) Apigee
14 31 (0.73%) Collibra
15 27 (0.64%) AWS CloudFormation
16 25 (0.59%) AWS Lambda
17 24 (0.57%) npm
18 23 (0.54%) Azure Active Directory
Communications & Networking
1 85 (2.01%) Firewall
2 59 (1.39%) TCP/IP
3 57 (1.34%) Network Security
4 38 (0.90%) Internet
5 36 (0.85%) Kerberos
6 29 (0.68%) DNS
7 27 (0.64%) LAN
8 23 (0.54%) WAN
9 20 (0.47%) HTTP
10 19 (0.45%) SAN
11 17 (0.40%) Intranet
11 17 (0.40%) SSL
12 16 (0.38%) DHCP
13 15 (0.35%) BGP
13 15 (0.35%) VPN
14 14 (0.33%) Unified Communications
14 14 (0.33%) VoIP
15 13 (0.31%) Multicast
16 12 (0.28%) RTMP
17 11 (0.26%) OSPF
Database & Business Intelligence
1 285 (6.72%) SQL Server
2 208 (4.91%) Relational Database
3 188 (4.44%) Big Data
4 157 (3.70%) Data Warehouse
5 140 (3.30%) NoSQL
6 121 (2.85%) MongoDB
7 117 (2.76%) Oracle Database
8 84 (1.98%) Hadoop
9 69 (1.63%) Power BI
10 66 (1.56%) PostgreSQL
11 64 (1.51%) Apache Hive
12 55 (1.30%) Data Lake
12 55 (1.30%) Metadata
13 52 (1.23%) MySQL
14 45 (1.06%) RDBMS
15 43 (1.01%) HBase
15 43 (1.01%) Oracle Database 12c
16 41 (0.97%) Tableau
17 34 (0.80%) SQL Server Integration Services
18 30 (0.71%) Hazelcast
Development Applications
1 387 (9.13%) JIRA
2 313 (7.38%) Git (software)
3 309 (7.29%) Jenkins
4 195 (4.60%) TeamCity
5 156 (3.68%) Maven
6 97 (2.29%) Selenium
7 96 (2.26%) Bitbucket
8 88 (2.08%) Subversion
9 85 (2.01%) Cucumber
10 79 (1.86%) GitLab
11 61 (1.44%) Gradle
12 59 (1.39%) Artifactory
13 58 (1.37%) Visual Studio
14 40 (0.94%) Hudson
15 38 (0.90%) Sonatype Nexus
16 36 (0.85%) Robot Framework
16 36 (0.85%) webpack
17 35 (0.83%) JUnit
18 29 (0.68%) Octopus Deploy
19 26 (0.61%) Zephyr
General
1 2,098 (49.49%) Finance
2 1,632 (38.50%) Investment Banking
3 926 (21.84%) Social Skills
4 606 (14.30%) Front Office
5 285 (6.72%) Analytical Skills
6 187 (4.41%) Retail Banking
7 144 (3.40%) Retail
8 122 (2.88%) Presentation Skills
9 107 (2.52%) Legal
10 97 (2.29%) Financial Institution
11 70 (1.65%) Back Office
12 64 (1.51%) Corporate Banking
12 64 (1.51%) Organisational Skills
13 52 (1.23%) Influencing Skills
14 50 (1.18%) Marketing
15 40 (0.94%) International Banking
16 38 (0.90%) Documentation Skills
17 23 (0.54%) Telecoms
18 22 (0.52%) Private Banking
19 19 (0.45%) Inclusion and Diversity
Job Titles
1 1,476 (34.82%) Developer
2 577 (13.61%) Analyst
3 504 (11.89%) Java Developer
4 445 (10.50%) Architect
5 371 (8.75%) Business Analyst
6 260 (6.13%) Senior Developer
7 230 (5.43%) Banking Analyst
8 219 (5.17%) Project Manager
9 212 (5.00%) Solutions Architect
10 199 (4.69%) C# Developer
11 155 (3.66%) Consultant
12 135 (3.18%) Python Developer
13 133 (3.14%) Senior Java Developer
14 113 (2.67%) Banking Business Analyst
15 111 (2.62%) Investment Banking Java Developer
16 109 (2.57%) Data Engineer
17 104 (2.45%) React Developer
18 97 (2.29%) C++ Developer
19 96 (2.26%) .NET Developer
20 95 (2.24%) Full Stack Developer
Libraries, Frameworks & Software Standards
1 431 (10.17%) .NET
2 318 (7.50%) Spring
3 273 (6.44%) React
4 247 (5.83%) HTML
5 237 (5.59%) AngularJS
6 214 (5.05%) REST
7 206 (4.86%) Kafka
8 180 (4.25%) CSS
9 170 (4.01%) Spring Boot
10 156 (3.68%) .NET Framework
10 156 (3.68%) RESTful
11 140 (3.30%) Node.js
12 137 (3.23%) XML
13 136 (3.21%) Middleware
14 108 (2.55%) JSON
15 99 (2.34%) WPF
16 98 (2.31%) HTML5
17 96 (2.26%) Hibernate
18 90 (2.12%) .NET Core
19 88 (2.08%) Web Services
Miscellaneous
1 366 (8.63%) Foreign Exchange (FX)
2 296 (6.98%) Fixed Income
3 248 (5.85%) Derivative
4 178 (4.20%) User Experience
5 147 (3.47%) Equities
6 135 (3.18%) Data Structures
7 116 (2.74%) Algorithms
8 88 (2.08%) Greenfield Project
9 84 (1.98%) Credit Risk
9 84 (1.98%) Mobile App
10 82 (1.93%) Public Cloud
11 81 (1.91%) Virtual Team
12 80 (1.89%) Market Risk
13 72 (1.70%) Management Information System
14 70 (1.65%) Data Protection Act
15 62 (1.46%) Self-Motivation
16 60 (1.42%) Data Centre
17 53 (1.25%) Cloud Native
18 47 (1.11%) Enterprise Software
18 47 (1.11%) Hedge funds
Operating Systems
1 359 (8.47%) Linux
2 345 (8.14%) Windows
3 237 (5.59%) Unix
4 82 (1.93%) Windows Server
5 75 (1.77%) Apple iOS
5 75 (1.77%) Red Hat Enterprise Linux
6 58 (1.37%) Android
7 28 (0.66%) Windows 10
8 22 (0.52%) Windows Server 2008
9 21 (0.50%) Solaris
9 21 (0.50%) Windows Server 2012
10 20 (0.47%) Windows Server 2016
11 15 (0.35%) Ubuntu
12 13 (0.31%) Windows Server 2019
13 10 (0.24%) Windows 7
14 6 (0.14%) Mac OS
15 4 (0.094%) AIX
16 3 (0.071%) Oracle Linux
17 2 (0.047%) HPUX
17 2 (0.047%) zOS
Processes & Methodologies
1 1,330 (31.38%) Agile Software Development
2 619 (14.60%) DevOps
3 366 (8.63%) Scrum
4 356 (8.40%) Microservices
5 333 (7.86%) Stakeholder Management
6 324 (7.64%) Multithreading
7 311 (7.34%) Problem-Solving
8 310 (7.31%) Analytics
8 310 (7.31%) Change Management
9 307 (7.24%) Migration
10 278 (6.56%) Electronic Trading
10 278 (6.56%) Test Automation
11 260 (6.13%) TDD
12 252 (5.94%) Project Management
13 251 (5.92%) SDLC
14 235 (5.54%) Software Engineering
15 230 (5.43%) Digital Transformation Programme
16 204 (4.81%) Data Modelling
17 193 (4.55%) Full Stack Development
18 191 (4.51%) Low Latency
Programming Languages
1 1,064 (25.10%) Java
2 859 (20.26%) SQL
3 607 (14.32%) Python
4 491 (11.58%) C#
5 373 (8.80%) JavaScript
6 235 (5.54%) C++
7 170 (4.01%) TypeScript
8 146 (3.44%) Java 8
9 138 (3.26%) Scala
10 127 (3.00%) PowerShell
11 92 (2.17%) PL/SQL
12 81 (1.91%) T-SQL
13 79 (1.86%) VBA
14 70 (1.65%) Shell Script
15 65 (1.53%) Bash
16 48 (1.13%) Kotlin
17 47 (1.11%) VB
18 37 (0.87%) C
19 34 (0.80%) ES6
20 33 (0.78%) Java 11
Qualifications
1 176 (4.15%) Degree
2 62 (1.46%) Computer Science Degree
3 34 (0.80%) CISSP
4 23 (0.54%) CISM
5 22 (0.52%) Cisco Certification
6 19 (0.45%) PMI Certification
7 18 (0.42%) PhD
8 15 (0.35%) CCNP
8 15 (0.35%) CIMA
9 13 (0.31%) PMP
10 11 (0.26%) CISA
10 11 (0.26%) Master's Degree
10 11 (0.26%) Security Cleared
11 10 (0.24%) ISTQB
12 9 (0.21%) CEH
12 9 (0.21%) Numerate Degree
12 9 (0.21%) PRINCE2 Certification
13 8 (0.19%) CCIE
13 8 (0.19%) ITIL Certification
14 7 (0.17%) CCNA
Quality Assurance & Compliance
1 196 (4.62%) QA
2 103 (2.43%) Data Quality
3 100 (2.36%) PMO
4 78 (1.84%) GDPR
5 69 (1.63%) MiFID
6 38 (0.90%) EMIR
7 36 (0.85%) IFRS
8 31 (0.73%) ISO 20022
9 27 (0.64%) GAAP
10 26 (0.61%) Sarbanes-Oxley
11 25 (0.59%) Accessibility
11 25 (0.59%) Dodd-Frank
12 23 (0.54%) ISO/IEC 27001
13 22 (0.52%) SLA
14 20 (0.47%) NIST
15 14 (0.33%) FINREP
15 14 (0.33%) GRC
15 14 (0.33%) ISO/IEC 27005
16 12 (0.28%) SEPA
17 11 (0.26%) COREP
System Software
1 259 (6.11%) Docker
2 111 (2.62%) Active Directory
3 54 (1.27%) VMware Infrastructure
4 27 (0.64%) VMware ESXi
5 24 (0.57%) HDFS
6 13 (0.31%) Oracle RAC
6 13 (0.31%) Virtual Desktop
7 12 (0.28%) vSphere
8 9 (0.21%) Active Directory Lightweight Directory Services
8 9 (0.21%) Virtual Machines
9 8 (0.19%) Apache ZooKeeper
9 8 (0.19%) OpenAM
10 5 (0.12%) Hyper-V
10 5 (0.12%) Platform Symphony
11 3 (0.071%) NFS
11 3 (0.071%) Virtual Servers
12 2 (0.047%) Apache Flume
12 2 (0.047%) Veritas Volume Manager
12 2 (0.047%) XenApp
12 2 (0.047%) XenDesktop
Systems Management
1 313 (7.38%) Kubernetes
2 195 (4.60%) Ansible
3 147 (3.47%) Terraform
4 48 (1.13%) Puppet
5 44 (1.04%) BladeLogic
6 29 (0.68%) ITRS Geneos
6 29 (0.68%) SCCM
7 24 (0.57%) Active Directory Federation Services
7 24 (0.57%) Control-M
8 21 (0.50%) Grafana
9 20 (0.47%) Opscode Chef
10 18 (0.42%) Kibana
11 16 (0.38%) Data Guard
12 12 (0.28%) HP Quality Center
12 12 (0.28%) Istio
12 12 (0.28%) Nagios
12 12 (0.28%) PowerCLI
13 11 (0.26%) Prometheus
14 9 (0.21%) Netcool
15 8 (0.19%) Cisco CUCM
Vendors
1 381 (8.99%) Oracle
2 373 (8.80%) Microsoft
3 96 (2.26%) Google
4 94 (2.22%) Databricks
5 91 (2.15%) IBM
6 82 (1.93%) ION Trading
7 73 (1.72%) Splunk
8 71 (1.67%) VMware
9 63 (1.49%) TIBCO
10 60 (1.42%) SAP
11 56 (1.32%) Cisco
12 51 (1.20%) Bloomberg
12 51 (1.20%) Sybase
13 50 (1.18%) ServiceNow
14 48 (1.13%) Red Hat
15 42 (0.99%) Hortonworks
15 42 (0.99%) Informatica
16 41 (0.97%) Cloudera
17 34 (0.80%) Citrix
17 34 (0.80%) Salesforce.com