Period
to 23 October 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 23 October 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
23 Oct 2020
Same period 2019 Same period 2018
Rank 10 13 8
Rank change year-on-year +3 -5 -2
Contract jobs citing Banking 1,936 3,540 5,550
As % of all contract jobs advertised in London 13.63% 9.67% 12.00%
As % of the General category 27.42% 21.85% 25.47%
Number of daily rates quoted 1,516 2,617 4,136
Median daily rate £575 £565 £563
Median daily rate % change year-on-year +1.77% +0.44% +2.27%
10th Percentile £400 £363 £393
90th Percentile £763 £730 £725
England median daily rate £550 £550 £550
Number of hourly rates quoted 19 32 55
Median hourly rate £35.00 £21.00 £18.70
Median hourly rate % change year-on-year +66.67% +12.30% +24.67%
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 7,061 16,199 21,792
As % of all contract IT jobs advertised in London 49.72% 44.26% 47.11%
Number of daily rates quoted 4,889 11,347 15,485
Median daily rate £525 £525 £525
10th Percentile £325 £325 £320
90th Percentile £750 £713 £700
England median daily rate £500 £495 £475
% change year-on-year +1.01% +4.21% +1.06%
Number of hourly rates quoted 102 202 248
Median hourly rate £35.00 £22.00 £22.50
Median hourly rate % change year-on-year +59.09% -2.22% +1.12%
10th Percentile £15.25 £12.44 £13.00
90th Percentile £54.90 £52.50 £54.58
Median hourly rate £30.00 £22.00 £22.00
% change year-on-year +36.36% - -2.22%

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 23 October 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 23 October 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 23 October 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 +7 302 £525 -2.33% 85
South London +14 11 £531 -7.61% 2
East London +28 10 £650 +23.81% 13
Banking
England

For the 6 months to 23 October 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 1,049 (54.18%) Finance
2 757 (39.10%) Java
3 727 (37.55%) Investment Banking
4 629 (32.49%) Agile Software Development
5 486 (25.10%) Python
6 478 (24.69%) Front Office
7 447 (23.09%) SQL
8 343 (17.72%) AWS
9 334 (17.25%) DevOps
10 292 (15.08%) Azure
11 289 (14.93%) Web Services
12 286 (14.77%) Fixed Income
13 274 (14.15%) Microservices
14 273 (14.10%) Software Engineering
15 270 (13.95%) JavaScript
16 261 (13.48%) Foreign Exchange (FX)
16 261 (13.48%) Asset Management
17 255 (13.17%) SQL Server
18 245 (12.65%) GCP
19 223 (11.52%) C#
20 222 (11.47%) Investment Management
21 214 (11.05%) Hedge funds
22 211 (10.90%) AngularJS
23 208 (10.74%) Derivative
24 198 (10.23%) Oracle
24 198 (10.23%) Kubernetes
25 184 (9.50%) Jenkins
25 184 (9.50%) Google
26 177 (9.14%) React
27 174 (8.99%) Linux

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 99 (5.11%) Apache
2 62 (3.20%) Confluence
3 59 (3.05%) Apache Spark
4 41 (2.12%) Mule
5 31 (1.60%) Red Hat Fuse
6 26 (1.34%) SharePoint
7 23 (1.19%) Elasticsearch
8 14 (0.72%) IIS
8 14 (0.72%) JBoss
9 11 (0.57%) MTS
10 10 (0.52%) MS Exchange
10 10 (0.52%) Skype for Business
11 9 (0.46%) WebSphere
12 8 (0.41%) CMS
13 7 (0.36%) Appian
13 7 (0.36%) Cloud Foundry
14 6 (0.31%) MQSeries
14 6 (0.31%) nginx
15 5 (0.26%) Oracle Workflow
15 5 (0.26%) Tornado
Applications
1 57 (2.94%) Microsoft Excel
2 23 (1.19%) Microsoft Office
3 15 (0.77%) Microsoft PowerPoint
3 15 (0.77%) MS Visio
4 10 (0.52%) Chatbot
5 9 (0.46%) Sketch
5 9 (0.46%) Spreadsheet
6 7 (0.36%) Microsoft Project
7 5 (0.26%) InVision
8 4 (0.21%) Adobe Illustrator
9 3 (0.15%) Figma
9 3 (0.15%) Photoshop
10 1 (0.052%) Adobe Creative Suite
10 1 (0.052%) InDesign
Business Applications
1 22 (1.14%) ION MarketView
2 15 (0.77%) SunGard Martini
3 11 (0.57%) Bloomberg TOMS
3 11 (0.57%) Temenos T24
4 6 (0.31%) HiPortfolio
5 5 (0.26%) RMDS
6 3 (0.15%) Distributed Ledger
6 3 (0.15%) Misys Midas
6 3 (0.15%) Summit
7 2 (0.10%) Advent Geneva
7 2 (0.10%) Dynamics CRM
7 2 (0.10%) Endur
7 2 (0.10%) Loan IQ
7 2 (0.10%) Sparx Enterprise Architect
7 2 (0.10%) Temenos Globus
8 1 (0.052%) Global One
8 1 (0.052%) SAP FI/CO
8 1 (0.052%) SimCorp Dimension
8 1 (0.052%) SunGard GMI
8 1 (0.052%) thinkFolio
Cloud Services
1 343 (17.72%) AWS
2 292 (15.08%) Azure
3 245 (12.65%) GCP
4 133 (6.87%) Serverless
5 127 (6.56%) AWS Lambda
6 90 (4.65%) Amazon ECS
7 78 (4.03%) Apigee
8 37 (1.91%) GitHub
9 35 (1.81%) Amazon EC2
10 31 (1.60%) Amazon S3
11 29 (1.50%) PaaS
12 25 (1.29%) Office 365
13 22 (1.14%) IaaS
14 20 (1.03%) Power Platform
15 18 (0.93%) Cloud Computing
15 18 (0.93%) OpenShift
16 17 (0.88%) SaaS
17 14 (0.72%) AWS CloudFormation
17 14 (0.72%) Azure Functions
18 9 (0.46%) Azure Active Directory
Communications & Networking
1 35 (1.81%) Firewall
2 26 (1.34%) Internet
3 15 (0.77%) DNS
3 15 (0.77%) SSL
4 13 (0.67%) Multicast
4 13 (0.67%) TCP/IP
5 11 (0.57%) Kerberos
6 9 (0.46%) FIX Connectivity
6 9 (0.46%) HTTP
6 9 (0.46%) Skype
7 8 (0.41%) HTTPS
8 7 (0.36%) DMZ
8 7 (0.36%) VPN
9 6 (0.31%) S/MIME
9 6 (0.31%) WAN
9 6 (0.31%) Wireshark
10 5 (0.26%) DHCP
10 5 (0.26%) Network Security
10 5 (0.26%) Reverse Proxy
10 5 (0.26%) SAN
Database & Business Intelligence
1 255 (13.17%) SQL Server
2 121 (6.25%) MySQL
3 109 (5.63%) PostgreSQL
4 93 (4.80%) Relational Database
5 83 (4.29%) Data Warehouse
6 81 (4.18%) Amazon Redshift
7 74 (3.82%) MongoDB
8 70 (3.62%) NoSQL
9 52 (2.69%) Big Data
10 39 (2.01%) SQL Server Integration Services
11 36 (1.86%) Oracle Database
12 33 (1.70%) Hadoop
13 31 (1.60%) Amazon DynamoDB
14 28 (1.45%) SQL Server Reporting Services
15 27 (1.39%) RDBMS
16 26 (1.34%) Hazelcast
17 21 (1.08%) SQL Server Analysis Services
18 19 (0.98%) Power BI
19 18 (0.93%) Apache Cassandra
19 18 (0.93%) Oracle Database 12c
Development Applications
1 184 (9.50%) Jenkins
2 141 (7.28%) Git (software)
3 133 (6.87%) JIRA
4 84 (4.34%) Artifactory
5 75 (3.87%) GitLab
6 55 (2.84%) Subversion
7 47 (2.43%) Cucumber
7 47 (2.43%) Maven
8 43 (2.22%) RStudio
9 42 (2.17%) TeamCity
10 37 (1.91%) JUnit
11 25 (1.29%) Visual Studio
12 22 (1.14%) Selenium
13 17 (0.88%) Hudson
14 16 (0.83%) Sonatype Nexus
15 15 (0.77%) Atlassian Bamboo
16 13 (0.67%) Bitbucket
16 13 (0.67%) Eclipse
17 12 (0.62%) jMock
18 11 (0.57%) CppUnit
General
1 1,049 (54.18%) Finance
2 727 (37.55%) Investment Banking
3 478 (24.69%) Front Office
4 85 (4.39%) Retail Banking
5 80 (4.13%) Back Office
6 57 (2.94%) Financial Institution
7 42 (2.17%) Retail
8 29 (1.50%) French Language
9 27 (1.39%) Corporate Banking
10 25 (1.29%) International Banking
11 19 (0.98%) Legal
12 15 (0.77%) Marketing
13 10 (0.52%) Private Banking
14 9 (0.46%) Advertising
15 7 (0.36%) Law
16 6 (0.31%) Public Sector
17 5 (0.26%) Telecoms
18 4 (0.21%) Wholesale Banking
19 3 (0.15%) Games
19 3 (0.15%) Prime Brokerage
Job Titles
1 965 (49.85%) Developer
2 384 (19.83%) Java Developer
3 217 (11.21%) Analyst
4 155 (8.01%) Senior Developer
5 150 (7.75%) Architect
6 139 (7.18%) AWS Developer
7 127 (6.56%) AWS Engineer
8 126 (6.51%) Business Analyst
9 116 (5.99%) Python Developer
10 115 (5.94%) Software Engineer
11 111 (5.73%) Developer/Software Engineer
12 95 (4.91%) Senior Java Developer
13 89 (4.60%) Java Engineer
14 88 (4.55%) C# Developer
15 84 (4.34%) SQL Developer
16 78 (4.03%) JavaScript Developer
17 72 (3.72%) AWS Software Engineer
17 72 (3.72%) Front Office Developer
18 67 (3.46%) Solutions Architect
19 65 (3.36%) Project Manager
Libraries, Frameworks & Software Standards
1 289 (14.93%) Web Services
2 211 (10.90%) AngularJS
3 177 (9.14%) React
4 166 (8.57%) Spring
5 157 (8.11%) .NET
6 121 (6.25%) REST
7 104 (5.37%) Vue.js
8 97 (5.01%) Kafka
9 96 (4.96%) HTML
10 92 (4.75%) gRPC
10 92 (4.75%) Node.js
11 85 (4.39%) Middleware
12 79 (4.08%) Swagger
13 74 (3.82%) OAuth
14 71 (3.67%) CSS
15 61 (3.15%) Spring Boot
16 52 (2.69%) HTML5
17 49 (2.53%) Apache Camel
18 45 (2.32%) XML
19 41 (2.12%) WPF
Miscellaneous
1 286 (14.77%) Fixed Income
2 261 (13.48%) Foreign Exchange (FX)
3 214 (11.05%) Hedge funds
4 208 (10.74%) Derivative
5 168 (8.68%) Equities
6 104 (5.37%) Analytical Skills
7 77 (3.98%) Greenfield Project
8 61 (3.15%) User Experience
9 39 (2.01%) Credit Risk
10 36 (1.86%) Mobile App
11 33 (1.70%) Mobile Banking
12 29 (1.50%) Management Information System
12 29 (1.50%) Virtual Team
13 28 (1.45%) Data Structures
14 27 (1.39%) Market Risk
15 24 (1.24%) Blog
16 22 (1.14%) Algorithms
17 20 (1.03%) Public Cloud
18 18 (0.93%) Data Centre
18 18 (0.93%) Enterprise Software
Operating Systems
1 174 (8.99%) Linux
2 119 (6.15%) Windows
3 83 (4.29%) Unix
4 33 (1.70%) Android
5 26 (1.34%) Apple iOS
6 21 (1.08%) Windows Server
7 18 (0.93%) Windows 10
8 15 (0.77%) Red Hat Enterprise Linux
9 10 (0.52%) Windows Server 2012
10 8 (0.41%) Windows Server 2016
11 7 (0.36%) Windows 7
12 6 (0.31%) Windows Server 2019
13 5 (0.26%) Solaris
13 5 (0.26%) Windows Server 2008
14 4 (0.21%) AIX
15 3 (0.15%) Windows XP
16 2 (0.10%) VMS
17 1 (0.052%) CentOS
17 1 (0.052%) HPUX
17 1 (0.052%) Mac OS X
Processes & Methodologies
1 629 (32.49%) Agile Software Development
2 334 (17.25%) DevOps
3 274 (14.15%) Microservices
4 273 (14.10%) Software Engineering
5 261 (13.48%) Asset Management
6 222 (11.47%) Investment Management
7 163 (8.42%) Multithreading
8 162 (8.37%) Change Management
9 153 (7.90%) TDD
10 132 (6.82%) Business Analysis
10 132 (6.82%) Problem-Solving
11 130 (6.71%) Electronic Trading
12 129 (6.66%) Digital Transformation Programme
12 129 (6.66%) Scrum
13 127 (6.56%) Test Automation
14 103 (5.32%) Analytics
15 100 (5.17%) Low Latency
16 92 (4.75%) Risk Management
17 91 (4.70%) SDLC
18 90 (4.65%) Stakeholder Management
Programming Languages
1 757 (39.10%) Java
2 486 (25.10%) Python
3 447 (23.09%) SQL
4 270 (13.95%) JavaScript
5 223 (11.52%) C#
6 125 (6.46%) C++
7 95 (4.91%) Kotlin
8 66 (3.41%) TypeScript
9 55 (2.84%) Scala
10 53 (2.74%) Java 8
11 44 (2.27%) VBA
12 41 (2.12%) PowerShell
13 38 (1.96%) T-SQL
14 23 (1.19%) Perl
15 22 (1.14%) Bash Shell
16 19 (0.98%) Shell Script
17 18 (0.93%) R
18 17 (0.88%) Go
18 17 (0.88%) PL/SQL
19 14 (0.72%) Haskell
Qualifications
1 90 (4.65%) Degree
2 33 (1.70%) Computer Science Degree
3 25 (1.29%) Security Cleared
3 25 (1.29%) Sun Certification
4 22 (1.14%) SC Cleared
5 13 (0.67%) CISSP
5 13 (0.67%) Numerate Degree
6 11 (0.57%) Master's Degree
6 11 (0.57%) PhD
7 10 (0.52%) Cisco Certification
8 8 (0.41%) CCNP
9 7 (0.36%) CISM
9 7 (0.36%) TOGAF Certification
10 5 (0.26%) Microsoft Certification
11 3 (0.15%) CISA
11 3 (0.15%) DV Cleared
11 3 (0.15%) ITIL Foundation Certificate
11 3 (0.15%) PMI Certification
11 3 (0.15%) PMP
11 3 (0.15%) PRINCE2 Certification
Quality Assurance & Compliance
1 49 (2.53%) QA
2 29 (1.50%) PMO
3 20 (1.03%) Data Quality
3 20 (1.03%) PSD2
4 19 (0.98%) MiFID
5 13 (0.67%) NIST
6 11 (0.57%) GDPR
7 7 (0.36%) COREP
7 7 (0.36%) SEPA
8 6 (0.31%) IFRS
8 6 (0.31%) ISO 20022
8 6 (0.31%) SLA
8 6 (0.31%) TARGET2
9 5 (0.26%) ISO/IEC 27001
10 4 (0.21%) COBIT
11 3 (0.15%) Basel III
11 3 (0.15%) Dodd-Frank
11 3 (0.15%) EMIR
11 3 (0.15%) FINREP
12 2 (0.10%) HMG Security Policy Framework
System Software
1 163 (8.42%) Docker
2 45 (2.32%) Active Directory
3 21 (1.08%) VMware Infrastructure
4 12 (0.62%) VMware ESXi
5 5 (0.26%) Microsoft App-V
5 5 (0.26%) Virtual Machines
5 5 (0.26%) XenApp
5 5 (0.26%) XenDesktop
6 3 (0.15%) GridGain
6 3 (0.15%) HDFS
6 3 (0.15%) Oracle RAC
7 2 (0.10%) Apache ZooKeeper
8 1 (0.052%) Active Directory Lightweight Directory Services
8 1 (0.052%) Hyper-V
8 1 (0.052%) NFS
8 1 (0.052%) Virtual Desktop
8 1 (0.052%) Virtual Servers
8 1 (0.052%) VMware NSX
8 1 (0.052%) VMware Server
8 1 (0.052%) vSphere
Systems Management
1 198 (10.23%) Kubernetes
2 68 (3.51%) Ansible
3 52 (2.69%) Terraform
4 16 (0.83%) Puppet
5 12 (0.62%) Opscode Chef
6 11 (0.57%) Prometheus
7 10 (0.52%) SCCM
8 9 (0.46%) Control-M
8 9 (0.46%) ITRS Geneos
9 8 (0.41%) BladeLogic
9 8 (0.41%) Single Sign-On
10 5 (0.26%) Microsoft Intune
10 5 (0.26%) Tivoli
11 4 (0.21%) Microsoft Clustering
11 4 (0.21%) Netcool
12 3 (0.15%) Data Guard
12 3 (0.15%) Grafana
12 3 (0.15%) HP ALM
12 3 (0.15%) Netcool/OMNIbus
12 3 (0.15%) Netcool/Webtop
Vendors
1 198 (10.23%) Oracle
2 184 (9.50%) Google
3 99 (5.11%) Microsoft
4 45 (2.32%) ION Trading
5 44 (2.27%) Splunk
6 39 (2.01%) Sybase
7 31 (1.60%) Bloomberg
8 30 (1.55%) IBM
9 26 (1.34%) VMware
10 25 (1.29%) Murex
11 24 (1.24%) Cisco
12 19 (0.98%) MuleSoft
12 19 (0.98%) Red Hat
13 18 (0.93%) SunGard
14 15 (0.77%) Atlassian
15 13 (0.67%) FIS
16 12 (0.62%) AppDynamics
16 12 (0.62%) CA Agile Central
16 12 (0.62%) Citrix
16 12 (0.62%) ServiceNow