Period
to 6 August 2020

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 6 August 2020 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
6 Aug 2020
Same period 2019 Same period 2018
Rank 10 13 8
Rank change year-on-year +3 -5 -2
Contract jobs citing Banking 1,873 4,164 5,390
As % of all contract jobs advertised in London 12.19% 10.41% 11.78%
As % of the General category 25.11% 22.93% 25.02%
Number of daily rates quoted 1,400 3,016 3,967
Median daily rate £588 £550 £563
Median daily rate % change year-on-year +6.82% -2.22% +2.27%
10th Percentile £406 £375 £375
90th Percentile £776 £725 £738
England median daily rate £550 £550 £550
Number of hourly rates quoted 24 43 53
Median hourly rate £35.00 £21.00 £18.70
Median hourly rate % change year-on-year +66.67% +12.30% -1.58%
England median hourly rate £35.00 £21.00 £18.70
% change year-on-year +66.67% +12.30% +24.67%

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 7,458 18,159 21,546
As % of all contract IT jobs advertised in London 48.55% 45.40% 47.10%
Number of daily rates quoted 5,102 12,645 15,405
Median daily rate £525 £525 £525
10th Percentile £333 £345 £322
90th Percentile £750 £713 £700
England median daily rate £500 £500 £475
% change year-on-year - +5.26% +5.56%
Number of hourly rates quoted 155 198 250
Median hourly rate £35.00 £21.75 £24.00
Median hourly rate % change year-on-year +60.92% -9.38% +12.94%
10th Percentile £17.05 £12.93 £14.95
90th Percentile £59.15 £52.50 £50.00
Median hourly rate £31.39 £23.00 £22.93
% change year-on-year +36.48% +0.31% +6.65%

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 6 August 2020.

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 6 August 2020.

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 6 August 2020. 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 +3 332 £525 -4.55% 53
East London +16 19 £550 - 10
South London +18 10 £550 -4.35% 3
North London +16 4 £425 -
Banking
England

For the 6 months to 6 August 2020, 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.

1 995 (53.12%) Finance
2 726 (38.76%) Java
3 709 (37.85%) Investment Banking
4 597 (31.87%) Agile Software Development
5 472 (25.20%) Front Office
6 460 (24.56%) Python
7 404 (21.57%) SQL
8 313 (16.71%) AWS
9 312 (16.66%) DevOps
10 294 (15.70%) Fixed Income
11 291 (15.54%) Foreign Exchange (FX)
12 272 (14.52%) JavaScript
13 263 (14.04%) Web Services
14 261 (13.93%) Azure
15 252 (13.45%) Software Engineering
16 244 (13.03%) Asset Management
17 243 (12.97%) C#
18 232 (12.39%) SQL Server
19 207 (11.05%) GCP
20 204 (10.89%) Derivative
21 201 (10.73%) Oracle
22 200 (10.68%) Hedge funds
23 194 (10.36%) Microservices
23 194 (10.36%) AngularJS
24 193 (10.30%) Investment Management
25 185 (9.88%) React
26 184 (9.82%) Kubernetes
27 175 (9.34%) Google
28 171 (9.13%) TDD
28 171 (9.13%) Equities

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 81 (4.32%) Apache
2 58 (3.10%) Apache Spark
3 51 (2.72%) Confluence
4 30 (1.60%) Mule
5 21 (1.12%) Elasticsearch
5 21 (1.12%) SharePoint
6 16 (0.85%) WebSphere
7 14 (0.75%) Red Hat Fuse
8 11 (0.59%) MS Exchange
9 10 (0.53%) IIS
9 10 (0.53%) JBoss
10 8 (0.43%) Oracle Workflow
10 8 (0.43%) WebLogic
11 7 (0.37%) Apache Airflow
11 7 (0.37%) MTS
11 7 (0.37%) Skype for Business
12 6 (0.32%) CMS
12 6 (0.32%) Oracle Coherence
13 5 (0.27%) Apache Pig
13 5 (0.27%) Jupyter
Applications
1 67 (3.58%) Microsoft Excel
2 30 (1.60%) Microsoft Office
3 12 (0.64%) Spreadsheet
4 10 (0.53%) Sketch
5 9 (0.48%) Chatbot
6 7 (0.37%) Microsoft PowerPoint
6 7 (0.37%) Microsoft Project
6 7 (0.37%) MS Visio
7 5 (0.27%) Adobe Illustrator
8 3 (0.16%) Photoshop
9 2 (0.11%) Figma
10 1 (0.053%) AutoCAD
10 1 (0.053%) InDesign
10 1 (0.053%) InVision
10 1 (0.053%) Revit
Business Applications
1 16 (0.85%) ION MarketView
2 13 (0.69%) Misys Midas
3 7 (0.37%) Bloomberg TOMS
3 7 (0.37%) SunGard Martini
4 5 (0.27%) Distributed Ledger
4 5 (0.27%) Dynamics CRM
5 3 (0.16%) RMDS
6 2 (0.11%) Eikon
6 2 (0.11%) Loan IQ
6 2 (0.11%) Markit EDM
6 2 (0.11%) Oracle Cash Management
6 2 (0.11%) Oracle Receivables
6 2 (0.11%) PolarLake
6 2 (0.11%) Summit
7 1 (0.053%) BusinessWorks
7 1 (0.053%) Endur
7 1 (0.053%) Oracle Financials
7 1 (0.053%) Oracle Payables
7 1 (0.053%) Oracle SCM
7 1 (0.053%) SAP HR
Cloud Services
1 313 (16.71%) AWS
2 261 (13.93%) Azure
3 207 (11.05%) GCP
4 112 (5.98%) Serverless
5 103 (5.50%) AWS Lambda
6 74 (3.95%) Amazon ECS
7 53 (2.83%) Apigee
8 28 (1.49%) OpenShift
9 26 (1.39%) Amazon EC2
9 26 (1.39%) GitHub
10 21 (1.12%) Azure Functions
11 20 (1.07%) Amazon S3
12 18 (0.96%) Power Platform
13 17 (0.91%) Office 365
13 17 (0.91%) PaaS
13 17 (0.91%) SaaS
14 15 (0.80%) AWS CloudFormation
15 14 (0.75%) Cloud Computing
16 13 (0.69%) IaaS
17 10 (0.53%) Amazon EKS
Communications & Networking
1 27 (1.44%) Firewall
2 23 (1.23%) DNS
3 19 (1.01%) Internet
4 13 (0.69%) HTTP
4 13 (0.69%) SSL
5 12 (0.64%) RTMP
6 9 (0.48%) Intranet
6 9 (0.48%) TCP/IP
7 6 (0.32%) HTTPS
7 6 (0.32%) Kerberos
7 6 (0.32%) Network Security
7 6 (0.32%) S/MIME
7 6 (0.32%) Skype
8 5 (0.27%) FTP
8 5 (0.27%) LAN
8 5 (0.27%) SAN
8 5 (0.27%) X.509
9 4 (0.21%) BGP
9 4 (0.21%) OSPF
9 4 (0.21%) WAN
Database & Business Intelligence
1 232 (12.39%) SQL Server
2 99 (5.29%) Data Warehouse
3 92 (4.91%) Relational Database
4 88 (4.70%) MySQL
5 83 (4.43%) PostgreSQL
6 62 (3.31%) Amazon Redshift
6 62 (3.31%) Big Data
7 59 (3.15%) MongoDB
7 59 (3.15%) NoSQL
8 38 (2.03%) SQL Server Reporting Services
9 34 (1.82%) Oracle Database
10 29 (1.55%) Hadoop
11 27 (1.44%) SQL Server Integration Services
12 24 (1.28%) RDBMS
13 21 (1.12%) Spotfire
14 20 (1.07%) Amazon DynamoDB
14 20 (1.07%) Redis
15 19 (1.01%) Hazelcast
15 19 (1.01%) OLAP
16 18 (0.96%) Power BI
Development Applications
1 147 (7.85%) Jenkins
2 119 (6.35%) Git (software)
3 114 (6.09%) JIRA
4 62 (3.31%) Artifactory
5 60 (3.20%) Subversion
6 57 (3.04%) GitLab
7 55 (2.94%) JUnit
8 54 (2.88%) RStudio
9 47 (2.51%) TeamCity
10 46 (2.46%) Maven
11 29 (1.55%) Cucumber
12 26 (1.39%) Visual Studio
13 18 (0.96%) Mockito
14 17 (0.91%) Hudson
14 17 (0.91%) NUnit
15 16 (0.85%) Selenium
16 14 (0.75%) Bitbucket
16 14 (0.75%) Octopus Deploy
17 13 (0.69%) Gradle
17 13 (0.69%) Sonatype Nexus
General
1 995 (53.12%) Finance
2 709 (37.85%) Investment Banking
3 472 (25.20%) Front Office
4 92 (4.91%) Back Office
5 72 (3.84%) Retail Banking
6 42 (2.24%) Financial Institution
7 36 (1.92%) Retail
8 27 (1.44%) Corporate Banking
9 20 (1.07%) French Language
10 19 (1.01%) International Banking
11 15 (0.80%) Legal
12 13 (0.69%) Marketing
12 13 (0.69%) Telecoms
13 11 (0.59%) Public Sector
14 8 (0.43%) Private Banking
15 6 (0.32%) Prime Brokerage
16 4 (0.21%) Billing
17 3 (0.16%) Advertising
17 3 (0.16%) Law
18 2 (0.11%) Games
Job Titles
1 952 (50.83%) Developer
2 365 (19.49%) Java Developer
3 185 (9.88%) Analyst
4 159 (8.49%) Senior Developer
5 142 (7.58%) Python Developer
6 138 (7.37%) AWS Developer
7 119 (6.35%) AWS Engineer
8 107 (5.71%) Business Analyst
9 104 (5.55%) Architect
10 102 (5.45%) C# Developer
11 97 (5.18%) Senior Java Developer
12 91 (4.86%) Software Engineer
13 80 (4.27%) Project Manager
14 78 (4.16%) Developer/Software Engineer
15 73 (3.90%) Java Engineer
16 71 (3.79%) Front Office Developer
17 66 (3.52%) SQL Developer
18 54 (2.88%) AWS Software Engineer
19 53 (2.83%) JavaScript Developer
20 47 (2.51%) C++ Developer
Libraries, Frameworks & Software Standards
1 263 (14.04%) Web Services
2 194 (10.36%) AngularJS
3 185 (9.88%) React
4 165 (8.81%) .NET
5 147 (7.85%) Spring
6 110 (5.87%) HTML
6 110 (5.87%) Vue.js
7 84 (4.48%) CSS
7 84 (4.48%) REST
8 76 (4.06%) Middleware
9 70 (3.74%) gRPC
10 65 (3.47%) Node.js
11 63 (3.36%) Swagger
12 59 (3.15%) HTML5
12 59 (3.15%) OAuth
12 59 (3.15%) WPF
13 54 (2.88%) RESTful
14 52 (2.78%) Kafka
15 50 (2.67%) Spring Boot
16 49 (2.62%) Hibernate
Miscellaneous
1 294 (15.70%) Fixed Income
2 291 (15.54%) Foreign Exchange (FX)
3 204 (10.89%) Derivative
4 200 (10.68%) Hedge funds
5 171 (9.13%) Equities
6 106 (5.66%) Analytical Skills
7 76 (4.06%) Greenfield Project
8 66 (3.52%) User Experience
9 51 (2.72%) Credit Risk
10 36 (1.92%) Data Structures
11 30 (1.60%) Market Risk
12 29 (1.55%) Mobile App
13 28 (1.49%) Algorithms
14 24 (1.28%) Mobile Banking
15 23 (1.23%) Data Centre
16 21 (1.12%) Management Information System
16 21 (1.12%) Virtual Team
17 19 (1.01%) Self-Motivation
18 17 (0.91%) Cloud Native
19 16 (0.85%) Enterprise Software
Operating Systems
1 156 (8.33%) Linux
2 141 (7.53%) Windows
3 83 (4.43%) Unix
4 41 (2.19%) Windows Server
5 37 (1.98%) Android
6 28 (1.49%) Apple iOS
7 19 (1.01%) Red Hat Enterprise Linux
8 18 (0.96%) Windows 10
9 17 (0.91%) Windows Server 2012
9 17 (0.91%) Windows Server 2016
10 10 (0.53%) Windows 7
11 8 (0.43%) Solaris
12 3 (0.16%) Mac OS
12 3 (0.16%) Windows Server 2019
13 2 (0.11%) AIX
13 2 (0.11%) Mac OS X
13 2 (0.11%) Windows Server 2008
14 1 (0.053%) CentOS
14 1 (0.053%) HPUX
14 1 (0.053%) VMS
Processes & Methodologies
1 597 (31.87%) Agile Software Development
2 312 (16.66%) DevOps
3 252 (13.45%) Software Engineering
4 244 (13.03%) Asset Management
5 194 (10.36%) Microservices
6 193 (10.30%) Investment Management
7 171 (9.13%) TDD
8 158 (8.44%) Multithreading
9 157 (8.38%) Business Analysis
10 140 (7.47%) Problem-Solving
11 129 (6.89%) Change Management
12 125 (6.67%) Test Automation
13 117 (6.25%) SDLC
14 110 (5.87%) Decision-Making
15 106 (5.66%) Electronic Trading
16 104 (5.55%) Low Latency
17 97 (5.18%) Scrum
18 93 (4.97%) BDD
19 92 (4.91%) Analytics
20 90 (4.81%) Digital Transformation Programme
Programming Languages
1 726 (38.76%) Java
2 460 (24.56%) Python
3 404 (21.57%) SQL
4 272 (14.52%) JavaScript
5 243 (12.97%) C#
6 119 (6.35%) C++
7 68 (3.63%) VBA
8 60 (3.20%) Java 8
9 59 (3.15%) TypeScript
10 55 (2.94%) Kotlin
11 54 (2.88%) PowerShell
12 48 (2.56%) Scala
13 45 (2.40%) T-SQL
14 25 (1.33%) Perl
14 25 (1.33%) Shell Script
15 21 (1.12%) PL/SQL
16 19 (1.01%) Groovy
17 17 (0.91%) C
17 17 (0.91%) R
18 15 (0.80%) Bash Shell
Qualifications
1 101 (5.39%) Degree
2 33 (1.76%) Computer Science Degree
3 24 (1.28%) Security Cleared
4 18 (0.96%) Sun Certification
5 14 (0.75%) SC Cleared
5 14 (0.75%) VMware Certified Professional (VCP)
6 11 (0.59%) Numerate Degree
7 9 (0.48%) Cisco Certification
8 8 (0.43%) CCNP
8 8 (0.43%) DV Cleared
9 7 (0.37%) Master's Degree
10 6 (0.32%) PhD
11 5 (0.27%) Microsoft Certification
12 4 (0.21%) ACCA
12 4 (0.21%) CCIE
12 4 (0.21%) FFIEC
12 4 (0.21%) MCSE
13 3 (0.16%) CIMA
13 3 (0.16%) ITIL Foundation Certificate
13 3 (0.16%) PMP
Quality Assurance & Compliance
1 76 (4.06%) QA
2 31 (1.66%) PMO
3 21 (1.12%) MiFID
4 13 (0.69%) PSD2
5 12 (0.64%) GDPR
6 10 (0.53%) Data Quality
7 9 (0.48%) Basel III
7 9 (0.48%) SLA
8 8 (0.43%) ISO/IEC 27001
9 7 (0.37%) CRD IV
10 6 (0.32%) Basel II
10 6 (0.32%) EMIR
10 6 (0.32%) IFRS
11 5 (0.27%) SEPA
12 4 (0.21%) NIST
13 3 (0.16%) COBIT
13 3 (0.16%) ISO 20022
13 3 (0.16%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
14 2 (0.11%) Dodd-Frank
14 2 (0.11%) HMG Security Policy Framework
System Software
1 151 (8.06%) Docker
2 60 (3.20%) Active Directory
3 33 (1.76%) VMware Infrastructure
4 9 (0.48%) XenApp
4 9 (0.48%) XenDesktop
5 8 (0.43%) Virtual Machines
6 7 (0.37%) Microsoft App-V
7 6 (0.32%) Squid
7 6 (0.32%) vSphere
8 5 (0.27%) OpenAM
9 4 (0.21%) VMware ESXi
10 3 (0.16%) GridGain
10 3 (0.16%) OpenIDM
10 3 (0.16%) Terminal Services
11 2 (0.11%) Apache ZooKeeper
11 2 (0.11%) NFS
11 2 (0.11%) OpenDJ
11 2 (0.11%) Oracle RAC
11 2 (0.11%) Samba
11 2 (0.11%) VMware Workstation
Systems Management
1 184 (9.82%) Kubernetes
2 66 (3.52%) Ansible
3 48 (2.56%) Terraform
4 21 (1.12%) Puppet
5 19 (1.01%) SCCM
6 10 (0.53%) ITRS Geneos
6 10 (0.53%) Prometheus
7 8 (0.43%) Opscode Chef
8 7 (0.37%) Tivoli
9 6 (0.32%) Cacti
9 6 (0.32%) Grafana
9 6 (0.32%) Mesos
9 6 (0.32%) Nagios
9 6 (0.32%) Opsview
9 6 (0.32%) Red Hat Satellite
10 5 (0.27%) Control-M
10 5 (0.27%) vRealize
11 4 (0.21%) BladeLogic
11 4 (0.21%) Single Sign-On
12 3 (0.16%) Rancher
Vendors
1 201 (10.73%) Oracle
2 175 (9.34%) Google
3 114 (6.09%) Microsoft
4 49 (2.62%) Bloomberg
5 46 (2.46%) Splunk
6 38 (2.03%) VMware
7 37 (1.98%) ION Trading
8 36 (1.92%) Sybase
9 35 (1.87%) IBM
10 23 (1.23%) Tableau
11 22 (1.17%) Red Hat
12 18 (0.96%) Citrix
12 18 (0.96%) Murex
13 15 (0.80%) Cisco
13 15 (0.80%) Cognos
14 14 (0.75%) ServiceNow
15 13 (0.69%) Atlassian
15 13 (0.69%) DevExpress
16 12 (0.64%) F5
16 12 (0.64%) TIBCO