Period
to 14 June 2021

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 14 June 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.

Banking
England > London
6 months to
14 Jun 2021
Same period 2020 Same period 2019
Rank 11 12 13
Rank change year-on-year +1 +1 -4
Contract jobs citing Banking 3,101 1,905 4,330
As % of all contract jobs advertised in London 12.12% 10.52% 10.80%
As % of the General category 21.11% 18.54% 19.14%
Number of daily rates quoted 2,276 1,413 3,062
10th Percentile £408 £388 £381
25th Percentile £491 £463 £463
Median daily rate (50th Percentile) £600 £575 £550
Median % change year-on-year +4.35% +4.55% -
75th Percentile £700 £688 £650
90th Percentile £763 £750 £725
England median daily rate £575 £550 £550
% change year-on-year +4.55% - +4.76%
Number of hourly rates quoted 5 10 51
10th Percentile £15.11 £15.87 £15.00
25th Percentile £16.08 £16.94 £16.50
Median hourly rate £22.50 £20.00 £20.00
Median % change year-on-year +12.50% - +15.27%
75th Percentile £73.75 £23.89 £21.00
90th Percentile £79.75 £32.22 £36.67
England median hourly rate £14.03 £18.75 £20.00
% change year-on-year -25.17% -6.25% +14.29%

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 14,687 10,277 22,619
As % of all contract IT jobs advertised in London 57.39% 56.77% 56.43%
Number of daily rates quoted 10,391 7,310 15,839
10th Percentile £350 £313 £320
25th Percentile £438 £413 £413
Median daily rate (50th Percentile) £550 £525 £525
Median % change year-on-year +4.76% - +5.00%
75th Percentile £650 £638 £625
90th Percentile £725 £725 £700
England median daily rate £500 £480 £475
% change year-on-year +4.17% +1.05% +2.70%
Number of hourly rates quoted 156 162 281
10th Percentile £14.63 £13.71 £11.25
25th Percentile £19.66 £17.96 £15.00
Median hourly rate £29.00 £25.00 £21.00
Median % change year-on-year +16.00% +19.05% -2.33%
75th Percentile £47.81 £42.06 £34.50
90th Percentile £65.00 £54.88 £51.25
England median hourly rate £21.00 £20.00 £19.32
% change year-on-year +5.00% +3.52% +4.43%

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 14 June 2021.

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 14 June 2021.

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 14 June 2021. 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 +4 442 £600 +14.29% 143
South London +35 16 £575 +1.77% 5
East London +1 8 £335 -32.66% 12
Banking
England

For the 6 months to 14 June 2021, 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 1,482 (47.79%) Finance
2 1,074 (34.63%) Investment Banking
3 1,063 (34.28%) Agile Software Development
4 927 (29.89%) Java
5 670 (21.61%) SQL
6 641 (20.67%) Social Skills
7 547 (17.64%) Front Office
8 497 (16.03%) DevOps
9 432 (13.93%) Python
10 395 (12.74%) C#
11 375 (12.09%) Oracle
12 368 (11.87%) Spring
13 367 (11.83%) .NET
14 339 (10.93%) Microservices
15 323 (10.42%) Foreign Exchange (FX)
16 315 (10.16%) Azure
17 305 (9.84%) AWS
18 304 (9.80%) Scrum
19 295 (9.51%) TDD
20 294 (9.48%) JavaScript
21 286 (9.22%) Linux
22 273 (8.80%) Git (software)
23 256 (8.26%) Multithreading
24 250 (8.06%) JIRA
25 243 (7.84%) Kubernetes
26 235 (7.58%) Analytical Skills
27 233 (7.51%) Problem-Solving
28 229 (7.38%) Derivative
29 226 (7.29%) Change Management
30 225 (7.26%) Test Automation

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
1 124 (4.00%) Confluence
2 111 (3.58%) Apache Spark
3 65 (2.10%) Mule
4 59 (1.90%) Apache
5 51 (1.64%) Oracle Coherence
6 48 (1.55%) SharePoint
7 45 (1.45%) Red Hat Fuse
8 29 (0.94%) Tomcat
9 25 (0.81%) SAS
10 22 (0.71%) Elasticsearch
11 20 (0.64%) JBoss
12 18 (0.58%) WebSphere
13 16 (0.52%) Oracle SOA Suite
14 14 (0.45%) IIS
14 14 (0.45%) nginx
15 11 (0.35%) Cloud Foundry
15 11 (0.35%) WebLogic
16 10 (0.32%) Apache Airflow
17 9 (0.29%) WebSphere Application Server
18 7 (0.23%) MS Exchange
Applications
1 63 (2.03%) Microsoft Excel
2 48 (1.55%) Microsoft Office
3 42 (1.35%) Microsoft PowerPoint
4 33 (1.06%) MS Visio
5 16 (0.52%) Microsoft Project
6 10 (0.32%) InVision
7 8 (0.26%) Sketch
8 6 (0.19%) Adobe Illustrator
8 6 (0.19%) Chatbot
8 6 (0.19%) Photoshop
9 2 (0.064%) Spreadsheet
10 1 (0.032%) Adobe Creative Suite
10 1 (0.032%) Figma
10 1 (0.032%) Mingle
10 1 (0.032%) Open Workbench
10 1 (0.032%) SPSS
Business Applications
1 22 (0.71%) SunGard Martini
2 17 (0.55%) Summit
3 12 (0.39%) Oracle Payables
4 10 (0.32%) ION MarketView
4 10 (0.32%) Oracle FAH
4 10 (0.32%) Oracle Financials
4 10 (0.32%) Oracle General Ledger
4 10 (0.32%) Sentinel
5 9 (0.29%) OneSumX
5 9 (0.29%) Oracle Receivables
5 9 (0.29%) Oracle Subledger Accounting
6 8 (0.26%) Dynamics CRM
6 8 (0.26%) Oracle Assets
6 8 (0.26%) Oracle Internet Expenses
6 8 (0.26%) Oracle iProcurement
7 7 (0.23%) Oracle EBS
8 6 (0.19%) Adobe Campaign
8 6 (0.19%) Oracle E-Business Tax
9 5 (0.16%) SAP FI
9 5 (0.16%) Temenos T24
Cloud Services
1 315 (10.16%) Azure
2 305 (9.84%) AWS
3 218 (7.03%) GCP
4 65 (2.10%) GitHub
5 45 (1.45%) Microsoft 365
6 40 (1.29%) SaaS
7 38 (1.23%) Serverless
8 36 (1.16%) Power Platform
9 32 (1.03%) PaaS
10 27 (0.87%) IaaS
11 23 (0.74%) OpenShift
12 21 (0.68%) Azure Synapse Analytics
13 18 (0.58%) Cloud Computing
14 17 (0.55%) Azure Functions
14 17 (0.55%) NuGet
15 13 (0.42%) Azure Data Factory
16 12 (0.39%) Dynamics 365
17 11 (0.35%) Amazon ECS
17 11 (0.35%) npm
18 10 (0.32%) Amazon EKS
Communications & Networking
1 65 (2.10%) Firewall
2 42 (1.35%) TCP/IP
3 32 (1.03%) HTTP
4 31 (1.00%) SSL
5 28 (0.90%) Network Security
6 23 (0.74%) NAS
7 22 (0.71%) Multicast
7 22 (0.71%) SAN
8 21 (0.68%) DNS
8 21 (0.68%) Kerberos
9 19 (0.61%) Internet
10 16 (0.52%) VPN
11 13 (0.42%) Cisco Nexus
11 13 (0.42%) WAN
12 12 (0.39%) LAN
13 11 (0.35%) 2G
13 11 (0.35%) OSPF
14 10 (0.32%) Wireshark
15 9 (0.29%) BGP
15 9 (0.29%) DHCP
Database & Business Intelligence
1 188 (6.06%) SQL Server
2 152 (4.90%) Relational Database
3 125 (4.03%) Big Data
4 107 (3.45%) NoSQL
5 92 (2.97%) Data Warehouse
6 83 (2.68%) Hadoop
7 81 (2.61%) MongoDB
8 51 (1.64%) Apache Cassandra
9 49 (1.58%) Oracle Database
10 42 (1.35%) Apache Hive
11 41 (1.32%) Hazelcast
12 36 (1.16%) Redis
13 32 (1.03%) SQL Server Integration Services
13 32 (1.03%) Tableau
14 31 (1.00%) Oracle Database 12c
14 31 (1.00%) PostgreSQL
15 29 (0.94%) Power BI
16 28 (0.90%) RDBMS
17 25 (0.81%) MySQL
18 24 (0.77%) HBase
Development Applications
1 273 (8.80%) Git (software)
2 250 (8.06%) JIRA
3 224 (7.22%) Jenkins
4 116 (3.74%) Maven
5 96 (3.10%) TeamCity
6 84 (2.71%) Visual Studio
7 82 (2.64%) Cucumber
8 79 (2.55%) Subversion
9 70 (2.26%) Bitbucket
10 60 (1.93%) JUnit
11 41 (1.32%) Selenium
12 38 (1.23%) Artifactory
13 28 (0.90%) Sonatype Nexus
14 24 (0.77%) Mockito
15 22 (0.71%) CppUnit
16 21 (0.68%) Octopus Deploy
16 21 (0.68%) Oracle APEX
17 20 (0.64%) Gradle
18 17 (0.55%) Atlassian Bamboo
18 17 (0.55%) GitLab
General
1 1,482 (47.79%) Finance
2 1,074 (34.63%) Investment Banking
3 641 (20.67%) Social Skills
4 547 (17.64%) Front Office
5 235 (7.58%) Analytical Skills
6 136 (4.39%) Retail Banking
7 89 (2.87%) Retail
8 78 (2.52%) Financial Institution
9 62 (2.00%) Back Office
10 48 (1.55%) Presentation Skills
11 45 (1.45%) Influencing Skills
12 41 (1.32%) Legal
13 39 (1.26%) Documentation Skills
14 36 (1.16%) Corporate Banking
15 31 (1.00%) Marketing
16 26 (0.84%) Organisational Skills
16 26 (0.84%) Private Banking
17 23 (0.74%) International Banking
18 17 (0.55%) French Language
19 12 (0.39%) Law
Job Titles
1 1,244 (40.12%) Developer
2 540 (17.41%) Java Developer
3 380 (12.25%) Analyst
4 287 (9.26%) Architect
5 246 (7.93%) Business Analyst
6 218 (7.03%) Senior Developer
7 178 (5.74%) C# Developer
8 171 (5.51%) Project Manager
9 139 (4.48%) Front Office Developer
10 135 (4.35%) Consultant
11 129 (4.16%) Banking Analyst
12 123 (3.97%) Senior Java Developer
13 114 (3.68%) Investment Banking Java Developer
14 93 (3.00%) C++ Developer
15 86 (2.77%) Solutions Architect
16 82 (2.64%) DevOps Engineer
17 80 (2.58%) .NET Developer
18 75 (2.42%) Banking Project Manager
19 72 (2.32%) C# Developer - Investment Banking
20 69 (2.23%) SQL Developer
Libraries, Frameworks & Software Standards
1 368 (11.87%) Spring
2 367 (11.83%) .NET
3 218 (7.03%) REST
4 209 (6.74%) Kafka
5 207 (6.68%) AngularJS
6 184 (5.93%) HTML
7 179 (5.77%) Spring Boot
8 160 (5.16%) React
9 136 (4.39%) Middleware
10 127 (4.10%) HTML5
11 113 (3.64%) Web Services
12 94 (3.03%) .NET Core
13 92 (2.97%) .NET Framework
13 92 (2.97%) CSS
14 90 (2.90%) Hibernate
15 87 (2.81%) RESTful
15 87 (2.81%) XML
16 84 (2.71%) FIX Protocol
17 78 (2.52%) Apache Camel
18 73 (2.35%) WPF
Miscellaneous
1 323 (10.42%) Foreign Exchange (FX)
2 229 (7.38%) Derivative
3 198 (6.39%) Fixed Income
4 116 (3.74%) User Experience
5 107 (3.45%) Data Structures
6 99 (3.19%) Equities
7 96 (3.10%) Greenfield Project
8 85 (2.74%) Market Risk
9 78 (2.52%) Credit Risk
10 64 (2.06%) Mobile App
11 57 (1.84%) Management Information System
12 51 (1.64%) Algorithms
13 46 (1.48%) Enterprise Software
14 41 (1.32%) Cloud Native
15 37 (1.19%) Public Cloud
15 37 (1.19%) Virtual Team
16 35 (1.13%) SWIFT
17 27 (0.87%) Equity Derivative
18 25 (0.81%) Data Centre
18 25 (0.81%) Self-Motivation
Operating Systems
1 286 (9.22%) Linux
2 210 (6.77%) Windows
3 151 (4.87%) Unix
4 37 (1.19%) Android
5 31 (1.00%) Red Hat Enterprise Linux
5 31 (1.00%) Windows Server
6 26 (0.84%) Apple iOS
7 16 (0.52%) Windows 10
8 12 (0.39%) Solaris
9 6 (0.19%) VMS
9 6 (0.19%) Windows 7
9 6 (0.19%) Windows Server 2012
10 5 (0.16%) Mac OS X
10 5 (0.16%) MVS
10 5 (0.16%) Windows Server 2008
10 5 (0.16%) Windows Server 2016
11 4 (0.13%) AIX
12 3 (0.097%) Mac OS
13 2 (0.064%) CentOS
13 2 (0.064%) SUSE
Processes & Methodologies
1 1,063 (34.28%) Agile Software Development
2 497 (16.03%) DevOps
3 339 (10.93%) Microservices
4 304 (9.80%) Scrum
5 295 (9.51%) TDD
6 256 (8.26%) Multithreading
7 233 (7.51%) Problem-Solving
8 226 (7.29%) Change Management
9 225 (7.26%) Test Automation
10 208 (6.71%) Software Engineering
11 203 (6.55%) Stakeholder Management
12 196 (6.32%) SDLC
13 192 (6.19%) Electronic Trading
14 186 (6.00%) Risk Management
15 182 (5.87%) Analytics
16 173 (5.58%) Continuous Integration
17 172 (5.55%) Low Latency
18 167 (5.39%) Project Management
19 166 (5.35%) Migration
20 165 (5.32%) BDD
Programming Languages
1 927 (29.89%) Java
2 670 (21.61%) SQL
3 432 (13.93%) Python
4 395 (12.74%) C#
5 294 (9.48%) JavaScript
6 210 (6.77%) C++
7 151 (4.87%) Scala
8 143 (4.61%) Java 8
9 107 (3.45%) TypeScript
10 102 (3.29%) PL/SQL
11 60 (1.93%) PowerShell
12 46 (1.48%) Kotlin
13 43 (1.39%) Shell Script
14 35 (1.13%) PHP
15 31 (1.00%) C
16 30 (0.97%) T-SQL
17 29 (0.94%) Perl
18 26 (0.84%) Haskell
19 22 (0.71%) VBA
20 21 (0.68%) Bash Shell
Qualifications
1 193 (6.22%) Degree
2 43 (1.39%) Computer Science Degree
3 27 (0.87%) CISSP
4 24 (0.77%) Cisco Certification
5 20 (0.64%) Numerate Degree
6 19 (0.61%) Security Cleared
7 18 (0.58%) ISEB
7 18 (0.58%) SC Cleared
8 16 (0.52%) CCNP
8 16 (0.52%) ISTQB
9 14 (0.45%) Microsoft Certification
10 13 (0.42%) PMI Certification
11 12 (0.39%) AWS Certification
11 12 (0.39%) Master's Degree
11 12 (0.39%) PhD
12 10 (0.32%) CISM
12 10 (0.32%) FFIEC
13 9 (0.29%) CISA
13 9 (0.29%) GIAC
14 8 (0.26%) PMP
Quality Assurance & Compliance
1 107 (3.45%) QA
2 58 (1.87%) PMO
3 49 (1.58%) Data Quality
4 39 (1.26%) MiFID
5 28 (0.90%) SLA
6 27 (0.87%) ISO/IEC 27001
7 23 (0.74%) GDPR
7 23 (0.74%) ISO 20022
7 23 (0.74%) NIST
8 19 (0.61%) IFRS
9 17 (0.55%) COBIT
10 15 (0.48%) Accessibility
10 15 (0.48%) PSD2
11 14 (0.45%) SEPA
12 11 (0.35%) EMIR
13 9 (0.29%) Basel III
13 9 (0.29%) ISO/IEC 27005
13 9 (0.29%) NIST 800
14 8 (0.26%) IFRS 9
15 7 (0.23%) FATCA
System Software
1 215 (6.93%) Docker
2 46 (1.48%) VMware Infrastructure
3 43 (1.39%) Active Directory
4 26 (0.84%) VMware ESXi
5 22 (0.71%) Platform Symphony
6 17 (0.55%) HDFS
7 10 (0.32%) GridGain
8 8 (0.26%) NFS
8 8 (0.26%) vSphere
9 7 (0.23%) Hyper-V
10 6 (0.19%) KVM
10 6 (0.19%) Oracle RAC
10 6 (0.19%) SRDF
10 6 (0.19%) Virtual Machines
10 6 (0.19%) Xen
11 5 (0.16%) Veritas File System
11 5 (0.16%) Virtual Desktop
12 3 (0.097%) Varnish
12 3 (0.097%) VMware NSX
13 2 (0.064%) XenApp
Systems Management
1 243 (7.84%) Kubernetes
2 141 (4.55%) Ansible
3 104 (3.35%) Terraform
4 55 (1.77%) Puppet
5 23 (0.74%) Opscode Chef
6 21 (0.68%) ITRS Geneos
7 13 (0.42%) Control-M
8 10 (0.32%) SCCM
8 10 (0.32%) vRealize Orchestrator
9 9 (0.29%) BladeLogic
9 9 (0.29%) CA Single Sign-On
9 9 (0.29%) HP Fortify
10 8 (0.26%) Grafana
11 7 (0.23%) Istio
11 7 (0.23%) QRadar
11 7 (0.23%) Salt
12 6 (0.19%) HP NNM
12 6 (0.19%) HP Quality Center
12 6 (0.19%) Packer
13 5 (0.16%) Active Directory Federation Services
Vendors
1 375 (12.09%) Oracle
2 195 (6.29%) Microsoft
3 120 (3.87%) Google
4 77 (2.48%) Splunk
5 68 (2.19%) IBM
6 52 (1.68%) VMware
7 48 (1.55%) TIBCO
8 43 (1.39%) ION Trading
9 39 (1.26%) Atlassian
10 38 (1.23%) Citrix
11 36 (1.16%) MuleSoft
12 34 (1.10%) Databricks
13 32 (1.03%) Cisco
13 32 (1.03%) Murex
14 28 (0.90%) Adobe
15 27 (0.87%) Sybase
16 26 (0.84%) Bloomberg
16 26 (0.84%) DevExpress
16 26 (0.84%) Red Hat
17 25 (0.81%) FIS