Period
to 22 November 2017

The table below looks at the prevalence of the term Banking in contract job vacancies advertised in Somerset. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Banking over the 6 months to 22 November 2017 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
South West > Somerset
6 months to
22 Nov 2017
Same period 2016 Same period 2015
Rank 49 46 67
Rank change year-on-year -3 +21 +3
Contract jobs citing Banking 6 4 14
As % of all contract IT jobs advertised in Somerset 1.19% 0.85% 2.03%
As % of the General category 5.22% 4.26% 7.65%
Number of daily rates quoted 9 3 6
Somerset median daily rate £115 £550 £425
Median daily rate % change year-on-year -79.09% +29.41% +6.25%
South West median daily rate £400 £420 £415
% change year-on-year -4.82% +1.27% -2.35%
Number of hourly rates quoted 0 0 0
Somerset median hourly rate - - -
South West median hourly rate - - £35.00

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 Somerset with a requirement for common skills.

All General Skills
Somerset
Contract vacancies with a requirement for common skills 115 94 183
As % of all contract IT jobs advertised in Somerset 22.86% 20.09% 26.52%
Number of daily rates quoted 84 54 106
Somerset median daily rate £375 £368 £375
Median daily rate % change year-on-year +2.04% -2.00% -
10th Percentile £147 £225 £263
90th Percentile £501 £564 £488
South West median daily rate £400 £375 £390
% change year-on-year +6.67% -3.85% -2.50%
Number of hourly rates quoted 5 10 19
Somerset median hourly rate £14.50 £38.25 £55.00
Median hourly rate % change year-on-year -62.09% -30.45% +100.00%
South West median hourly rate £35.00 £35.00 £41.24
% change year-on-year - -15.13% +44.70%

Banking
Job Vacancy Trend in Somerset

Job postings citing Banking as a percentage of all IT jobs advertised in Somerset.

Job vacancy trend for Banking in Somerset

Banking
Contractor Daily Rate Trend in Somerset

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Banking in Somerset.

Contractor daily rate trend for Banking in Somerset

Banking
Contractor Daily Rate Histogram in Somerset

The daily rate distribution of IT jobs citing Banking in Somerset over the 6 months to 22 November 2017.

Contractor daily rate histogram for Banking in Somerset

Banking
Contractor Hourly Rate Trend in Somerset

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Banking in Somerset.

Contractor hourly rate trend for Banking in Somerset

Banking
Contract Job Locations in Somerset

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking within the Somerset region over the 6 months to 22 November 2017. 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
Bath - 3 £115 -
Taunton +2 2 £115 -
Street 0 2 £413 -25.00%
Banking
South West

For the 6 months to 22 November 2017, IT contractor jobs citing Banking also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the Somerset region with a requirement for Banking.

1 2 (33.33%) Java
1 2 (33.33%) ATM
1 2 (33.33%) Foreign Exchange (FX)
1 2 (33.33%) EPoS
1 2 (33.33%) Change Management
1 2 (33.33%) Finance
1 2 (33.33%) Blockchain
2 1 (16.67%) Wealth Management
2 1 (16.67%) Performance Testing
2 1 (16.67%) Manual Testing
2 1 (16.67%) Investment Management
2 1 (16.67%) Test Automation
2 1 (16.67%) Cucumber
2 1 (16.67%) Gherkin
2 1 (16.67%) Sonata
2 1 (16.67%) Asset Management
2 1 (16.67%) Investment Banking
2 1 (16.67%) General Ledger
2 1 (16.67%) Software Engineering
2 1 (16.67%) JMeter
2 1 (16.67%) Murex
2 1 (16.67%) LoadRunner

Banking
Co-occurring IT Skills in Somerset 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:

Business Applications
1 1 (16.67%) Sonata
Communications & Networking
1 2 (33.33%) ATM
Database & Business Intelligence
1 2 (33.33%) Blockchain
Development Applications
1 1 (16.67%) Cucumber
1 1 (16.67%) JMeter
1 1 (16.67%) LoadRunner
General
1 2 (33.33%) Finance
2 1 (16.67%) General Ledger
2 1 (16.67%) Investment Banking
Job Titles
1 2 (33.33%) Analyst
1 2 (33.33%) ATM Engineer
1 2 (33.33%) Test Analyst
2 1 (16.67%) Asset Management Analyst
2 1 (16.67%) Automation Tester
2 1 (16.67%) Developer
2 1 (16.67%) Java Developer
2 1 (16.67%) LoadRunner Test Analyst
2 1 (16.67%) Performance Analyst
2 1 (16.67%) Performance Test Analyst
2 1 (16.67%) Tester
Libraries, Frameworks & Software Standards
1 1 (16.67%) Gherkin
Miscellaneous
1 2 (33.33%) EPoS
1 2 (33.33%) Foreign Exchange (FX)
Processes & Methodologies
1 2 (33.33%) Change Management
2 1 (16.67%) Asset Management
2 1 (16.67%) Investment Management
2 1 (16.67%) Manual Testing
2 1 (16.67%) Performance Testing
2 1 (16.67%) Software Engineering
2 1 (16.67%) Test Automation
2 1 (16.67%) Wealth Management
Programming Languages
1 2 (33.33%) Java
Vendors
1 1 (16.67%) Murex