Period
to 22 September 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 22 September 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
22 Sep 2021
Same period 2020 Same period 2019
Rank 12 11 14
Rank change year-on-year -1 +3 -5
Contract jobs citing Banking 3,960 1,784 3,886
As % of all contract jobs advertised in London 11.71% 13.34% 10.16%
As % of the General category 20.31% 22.44% 18.41%
Number of daily rates quoted 2,960 1,363 2,813
10th Percentile £425 £413 £363
25th Percentile £513 £488 £463
Median daily rate (50th Percentile) £608 £600 £550
Median % change year-on-year +1.33% +9.00% -
75th Percentile £700 £706 £656
90th Percentile £775 £775 £725
England median daily rate £600 £575 £550
% change year-on-year +4.35% +4.55% -
Number of hourly rates quoted 7 4 36
10th Percentile £14.33 £17.95 £15.63
25th Percentile £15.27 £18.63 £16.50
Median hourly rate £18.10 £20.00 £21.00
Median % change year-on-year -9.50% -4.76% +12.30%
75th Percentile £27.38 £22.13 "
90th Percentile £52.55 £22.35 £45.27
England median hourly rate £14.87 £20.00 £21.00
% change year-on-year -25.65% -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 19,498 7,950 21,105
As % of all contract IT jobs advertised in London 57.65% 59.44% 55.18%
Number of daily rates quoted 13,794 5,680 14,867
10th Percentile £360 £320 £313
25th Percentile £454 £425 £413
Median daily rate (50th Percentile) £550 £525 £513
Median % change year-on-year +4.76% +2.44% +2.50%
75th Percentile £675 £650 £613
90th Percentile £750 £750 £700
England median daily rate £525 £495 £475
% change year-on-year +6.06% +4.21% -
Number of hourly rates quoted 203 101 271
10th Percentile £13.30 £15.00 £12.76
25th Percentile £18.13 £19.00 £16.00
Median hourly rate £29.50 £27.99 £21.00
Median % change year-on-year +5.39% +33.29% +9.32%
75th Percentile £48.58 £45.25 £30.00
90th Percentile £63.95 £54.00 £52.50
England median hourly rate £19.00 £21.96 £19.36
% change year-on-year -13.46% +13.40% +7.47%

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 22 September 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 22 September 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 22 September 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 -2 492 £613 +16.67% 154
South London +14 21 £600 +11.63% 8
East London -10 12 £375 -42.31% 26
Banking
England

For the 6 months to 22 September 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 1,962 (49.55%) Finance
2 1,365 (34.47%) Investment Banking
3 1,299 (32.80%) Agile Software Development
4 1,117 (28.21%) Java
5 878 (22.17%) SQL
6 830 (20.96%) Social Skills
7 586 (14.80%) Front Office
8 583 (14.72%) DevOps
9 551 (13.91%) Python
10 485 (12.25%) C#
11 460 (11.62%) Azure
12 457 (11.54%) Oracle
13 437 (11.04%) .NET
14 391 (9.87%) Spring
15 378 (9.55%) JavaScript
16 373 (9.42%) Microservices
17 372 (9.39%) AWS
18 364 (9.19%) Linux
19 354 (8.94%) JIRA
20 353 (8.91%) Scrum
21 348 (8.79%) Foreign Exchange (FX)
22 327 (8.26%) Git (software)
23 321 (8.11%) TDD
24 318 (8.03%) Kubernetes
25 306 (7.73%) Fixed Income
26 303 (7.65%) Multithreading
27 301 (7.60%) Microsoft
28 281 (7.10%) Windows
29 279 (7.05%) AngularJS
29 279 (7.05%) Jenkins

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
1 165 (4.17%) Confluence
2 144 (3.64%) Apache Spark
3 78 (1.97%) Mule
4 59 (1.49%) Apache
5 56 (1.41%) SharePoint
6 46 (1.16%) Tomcat
7 38 (0.96%) WebSphere
8 30 (0.76%) Red Hat Fuse
9 29 (0.73%) WebLogic
10 28 (0.71%) Oracle Coherence
11 27 (0.68%) Elasticsearch
12 26 (0.66%) JBoss
13 25 (0.63%) SAS
14 23 (0.58%) IIS
15 21 (0.53%) Oracle SOA Suite
16 16 (0.40%) Appian
17 15 (0.38%) nginx
18 14 (0.35%) Oracle Workflow
19 11 (0.28%) Cloud Foundry
19 11 (0.28%) Jupyter
Applications
1 128 (3.23%) Microsoft Excel
2 66 (1.67%) Microsoft PowerPoint
3 53 (1.34%) Microsoft Office
4 29 (0.73%) Microsoft Project
5 26 (0.66%) MS Visio
6 17 (0.43%) Sketch
7 15 (0.38%) Adobe Illustrator
8 14 (0.35%) InVision
8 14 (0.35%) Photoshop
9 13 (0.33%) Spreadsheet
10 6 (0.15%) Adobe Creative Suite
11 4 (0.10%) Chatbot
12 3 (0.076%) Figma
13 2 (0.051%) InDesign
14 1 (0.025%) Acrobat
14 1 (0.025%) Adobe After Effects
14 1 (0.025%) Adobe Premiere
14 1 (0.025%) InfoPath
14 1 (0.025%) Open Workbench
14 1 (0.025%) SPSS
Business Applications
1 40 (1.01%) SunGard Martini
2 21 (0.53%) ION MarketView
3 12 (0.30%) OneSumX
3 12 (0.30%) Summit
4 10 (0.25%) Oracle FAH
4 10 (0.25%) Oracle General Ledger
4 10 (0.25%) Oracle Subledger Accounting
5 9 (0.23%) Markit EDM
5 9 (0.23%) Oracle Financials
6 8 (0.20%) Oracle Payables
7 7 (0.18%) Dynamics CRM
7 7 (0.18%) Loan IQ
8 6 (0.15%) Oracle Assets
8 6 (0.15%) Oracle Internet Expenses
8 6 (0.15%) Oracle iProcurement
8 6 (0.15%) Oracle Receivables
8 6 (0.15%) SAP FI
9 5 (0.13%) Distributed Ledger
9 5 (0.13%) Oracle EBS
9 5 (0.13%) Temenos T24
Cloud Services
1 460 (11.62%) Azure
2 372 (9.39%) AWS
3 277 (6.99%) GCP
4 110 (2.78%) GitHub
5 61 (1.54%) Microsoft 365
6 58 (1.46%) OpenShift
7 45 (1.14%) Serverless
8 42 (1.06%) Power Platform
9 41 (1.04%) SaaS
10 40 (1.01%) PaaS
11 39 (0.98%) IaaS
12 33 (0.83%) Collibra
13 32 (0.81%) Apigee
14 30 (0.76%) Azure Synapse Analytics
15 23 (0.58%) Cloud Computing
16 22 (0.56%) Azure Data Factory
16 22 (0.56%) Azure Functions
17 18 (0.45%) Azure Active Directory
17 18 (0.45%) npm
18 16 (0.40%) AWS CloudFormation
Communications & Networking
1 71 (1.79%) Firewall
1 71 (1.79%) TCP/IP
2 45 (1.14%) SSL
3 37 (0.93%) HTTP
3 37 (0.93%) Internet
3 37 (0.93%) Network Security
4 33 (0.83%) Kerberos
5 30 (0.76%) NAS
6 26 (0.66%) SAN
7 24 (0.61%) DNS
8 21 (0.53%) LAN
9 17 (0.43%) Multicast
10 16 (0.40%) Unified Communications
10 16 (0.40%) WAN
11 14 (0.35%) 2G
11 14 (0.35%) VoIP
12 12 (0.30%) DHCP
13 11 (0.28%) VPN
14 9 (0.23%) HTTPS
14 9 (0.23%) WebEx
Database & Business Intelligence
1 266 (6.72%) SQL Server
2 230 (5.81%) Relational Database
3 173 (4.37%) Big Data
4 122 (3.08%) Data Warehouse
5 110 (2.78%) NoSQL
6 108 (2.73%) Oracle Database
7 101 (2.55%) MongoDB
8 93 (2.35%) Hadoop
9 69 (1.74%) Apache Hive
10 65 (1.64%) Oracle Database 12c
11 56 (1.41%) Hazelcast
11 56 (1.41%) RDBMS
12 51 (1.29%) PostgreSQL
13 48 (1.21%) Redis
14 43 (1.09%) SQL Server Integration Services
15 40 (1.01%) Metadata
16 37 (0.93%) Apache Cassandra
17 36 (0.91%) MySQL
18 35 (0.88%) HBase
18 35 (0.88%) Power BI
Development Applications
1 354 (8.94%) JIRA
2 327 (8.26%) Git (software)
3 279 (7.05%) Jenkins
4 149 (3.76%) Maven
5 132 (3.33%) TeamCity
6 119 (3.01%) Subversion
7 92 (2.32%) Visual Studio
8 79 (1.99%) Bitbucket
9 71 (1.79%) Cucumber
10 64 (1.62%) Selenium
11 58 (1.46%) JUnit
12 46 (1.16%) Artifactory
13 38 (0.96%) GitLab
13 38 (0.96%) Gradle
14 36 (0.91%) CppUnit
14 36 (0.91%) Sonatype Nexus
15 35 (0.88%) Oracle APEX
16 28 (0.71%) Robot Framework
17 25 (0.63%) Hudson
17 25 (0.63%) Team Foundation Server
General
1 1,962 (49.55%) Finance
2 1,365 (34.47%) Investment Banking
3 830 (20.96%) Social Skills
4 586 (14.80%) Front Office
5 244 (6.16%) Analytical Skills
6 203 (5.13%) Retail Banking
7 108 (2.73%) Retail
8 85 (2.15%) Financial Institution
8 85 (2.15%) Presentation Skills
9 63 (1.59%) Back Office
10 57 (1.44%) Legal
11 51 (1.29%) Influencing Skills
12 47 (1.19%) Organisational Skills
13 43 (1.09%) Corporate Banking
14 42 (1.06%) Documentation Skills
15 29 (0.73%) International Banking
16 28 (0.71%) Marketing
17 21 (0.53%) Private Banking
18 19 (0.48%) Telecoms
19 18 (0.45%) Wholesale Banking
Job Titles
1 1,451 (36.64%) Developer
2 562 (14.19%) Java Developer
3 514 (12.98%) Analyst
4 436 (11.01%) Architect
5 321 (8.11%) Business Analyst
6 234 (5.91%) Senior Developer
7 214 (5.40%) Project Manager
8 191 (4.82%) Banking Analyst
9 190 (4.80%) Consultant
10 186 (4.70%) C# Developer
11 165 (4.17%) Solutions Architect
12 142 (3.59%) Senior Java Developer
13 120 (3.03%) Front Office Developer
14 113 (2.85%) C++ Developer
15 107 (2.70%) Investment Banking Java Developer
15 107 (2.70%) Python Developer
16 93 (2.35%) .NET Developer
17 90 (2.27%) SQL Developer
18 89 (2.25%) React Developer
19 86 (2.17%) Angular Developer
Libraries, Frameworks & Software Standards
1 437 (11.04%) .NET
2 391 (9.87%) Spring
3 279 (7.05%) AngularJS
4 236 (5.96%) React
5 221 (5.58%) REST
6 217 (5.48%) HTML
7 212 (5.35%) Kafka
8 204 (5.15%) Spring Boot
9 176 (4.44%) Middleware
10 147 (3.71%) RESTful
11 143 (3.61%) .NET Framework
12 129 (3.26%) Web Services
13 125 (3.16%) XML
14 118 (2.98%) HTML5
15 111 (2.80%) CSS
16 108 (2.73%) .NET Core
17 102 (2.58%) Hibernate
18 95 (2.40%) Node.js
19 92 (2.32%) JSON
20 77 (1.94%) WPF
Miscellaneous
1 348 (8.79%) Foreign Exchange (FX)
2 306 (7.73%) Fixed Income
3 278 (7.02%) Derivative
4 147 (3.71%) Equities
5 144 (3.64%) User Experience
6 122 (3.08%) Data Structures
7 106 (2.68%) Credit Risk
8 104 (2.63%) Algorithms
9 97 (2.45%) Market Risk
10 80 (2.02%) Data Protection Act
11 77 (1.94%) Greenfield Project
12 73 (1.84%) Management Information System
13 68 (1.72%) Mobile App
14 61 (1.54%) Virtual Team
15 53 (1.34%) Cloud Native
16 48 (1.21%) Legacy Applications
17 47 (1.19%) Public Cloud
18 40 (1.01%) Enterprise Software
19 36 (0.91%) Reference Data
19 36 (0.91%) Taxonomies
Operating Systems
1 364 (9.19%) Linux
2 281 (7.10%) Windows
3 199 (5.03%) Unix
4 52 (1.31%) Apple iOS
5 50 (1.26%) Android
6 45 (1.14%) Windows Server
7 43 (1.09%) Red Hat Enterprise Linux
8 25 (0.63%) Windows 10
9 19 (0.48%) Windows Server 2016
10 16 (0.40%) Windows Server 2012
11 14 (0.35%) Solaris
11 14 (0.35%) Windows Server 2008
12 10 (0.25%) Windows Server 2019
13 9 (0.23%) Windows 7
14 7 (0.18%) Mac OS
15 6 (0.15%) Mac OS X
16 5 (0.13%) MVS
16 5 (0.13%) VMS
17 4 (0.10%) AIX
18 3 (0.076%) zOS
Processes & Methodologies
1 1,299 (32.80%) Agile Software Development
2 583 (14.72%) DevOps
3 373 (9.42%) Microservices
4 353 (8.91%) Scrum
5 321 (8.11%) TDD
6 303 (7.65%) Multithreading
7 271 (6.84%) Stakeholder Management
8 268 (6.77%) Test Automation
9 259 (6.54%) Change Management
10 250 (6.31%) SDLC
11 247 (6.24%) Problem-Solving
12 244 (6.16%) Migration
13 238 (6.01%) Analytics
14 224 (5.66%) Software Engineering
15 218 (5.51%) Electronic Trading
16 204 (5.15%) Project Management
17 203 (5.13%) Continuous Integration
18 200 (5.05%) Full Stack Development
19 183 (4.62%) Data Modelling
20 180 (4.55%) Digital Transformation Programme
Programming Languages
1 1,117 (28.21%) Java
2 878 (22.17%) SQL
3 551 (13.91%) Python
4 485 (12.25%) C#
5 378 (9.55%) JavaScript
6 232 (5.86%) C++
7 172 (4.34%) Scala
8 166 (4.19%) Java 8
9 146 (3.69%) TypeScript
10 118 (2.98%) PL/SQL
11 84 (2.12%) PowerShell
12 66 (1.67%) Shell Script
13 62 (1.57%) VBA
14 50 (1.26%) Kotlin
15 43 (1.09%) Bash Shell
16 38 (0.96%) VB
17 36 (0.91%) T-SQL
18 34 (0.86%) Perl
19 33 (0.83%) C
19 33 (0.83%) Haskell
Qualifications
1 200 (5.05%) Degree
2 45 (1.14%) Computer Science Degree
3 38 (0.96%) CISSP
4 24 (0.61%) Security Cleared
5 22 (0.56%) CISM
6 21 (0.53%) SC Cleared
7 17 (0.43%) CIMA
8 16 (0.40%) PMI Certification
9 13 (0.33%) PMP
10 12 (0.30%) Cisco Certification
11 11 (0.28%) Master's Degree
11 11 (0.28%) Microsoft Certification
11 11 (0.28%) PhD
12 10 (0.25%) ISEB
12 10 (0.25%) PRINCE2 Certification
13 9 (0.23%) AWS Certification
13 9 (0.23%) CCNA
13 9 (0.23%) CISA
13 9 (0.23%) CRISC
13 9 (0.23%) Numerate Degree
Quality Assurance & Compliance
1 121 (3.06%) QA
2 86 (2.17%) Data Quality
3 81 (2.05%) PMO
4 73 (1.84%) MiFID
5 54 (1.36%) GDPR
6 33 (0.83%) IFRS
7 26 (0.66%) Accessibility
8 25 (0.63%) EMIR
9 23 (0.58%) ISO/IEC 27001
10 22 (0.56%) SLA
11 21 (0.53%) ISO 20022
12 18 (0.45%) GAAP
13 16 (0.40%) NIST
14 14 (0.35%) COBIT
15 13 (0.33%) Sarbanes-Oxley
16 10 (0.25%) SEPA
17 9 (0.23%) FATCA
17 9 (0.23%) PSD2
18 8 (0.20%) FINREP
19 7 (0.18%) COREP
System Software
1 244 (6.16%) Docker
2 93 (2.35%) Active Directory
3 55 (1.39%) VMware Infrastructure
4 26 (0.66%) VMware ESXi
5 20 (0.51%) HDFS
6 13 (0.33%) Platform Symphony
6 13 (0.33%) Virtual Machines
7 9 (0.23%) Virtual Desktop
8 8 (0.20%) Apache ZooKeeper
8 8 (0.20%) OpenAM
8 8 (0.20%) vSphere
9 7 (0.18%) Oracle RAC
10 6 (0.15%) Hyper-V
10 6 (0.15%) NFS
11 5 (0.13%) Active Directory Lightweight Directory Services
11 5 (0.13%) KVM
12 4 (0.10%) Microsoft App-V
12 4 (0.10%) SRDF
12 4 (0.10%) XenApp
12 4 (0.10%) XenDesktop
Systems Management
1 318 (8.03%) Kubernetes
2 189 (4.77%) Ansible
3 133 (3.36%) Terraform
4 68 (1.72%) Puppet
5 27 (0.68%) BladeLogic
5 27 (0.68%) Opscode Chef
5 27 (0.68%) SCCM
6 21 (0.53%) Control-M
7 20 (0.51%) Grafana
8 18 (0.45%) ITRS Geneos
9 11 (0.28%) Active Directory Federation Services
9 11 (0.28%) CA Single Sign-On
9 11 (0.28%) Kibana
9 11 (0.28%) Prometheus
10 10 (0.25%) Data Guard
10 10 (0.25%) Istio
11 9 (0.23%) QRadar
11 9 (0.23%) Single Sign-On
12 8 (0.20%) HP Fortify
12 8 (0.20%) Microsoft Intune
Vendors
1 457 (11.54%) Oracle
2 301 (7.60%) Microsoft
3 120 (3.03%) Google
4 81 (2.05%) Splunk
5 78 (1.97%) ION Trading
6 75 (1.89%) IBM
7 67 (1.69%) VMware
8 58 (1.46%) TIBCO
9 56 (1.41%) Databricks
10 52 (1.31%) Citrix
11 51 (1.29%) Bloomberg
12 46 (1.16%) Cisco
12 46 (1.16%) MuleSoft
13 45 (1.14%) FIS
14 42 (1.06%) Informatica
15 41 (1.04%) SunGard
16 38 (0.96%) Adobe
16 38 (0.96%) ServiceNow
16 38 (0.96%) Sybase
17 37 (0.93%) SAP