Period
to 19 January 2018

The median contractor rate for a Banking Business Analyst was £450 per day in advertised job vacancies during the 6 months to 19 January 2018.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in 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.

Business Analyst - Banking
UK
6 months to
19 Jan 2018
Same period 2017 Same period 2016
Rank 650 673 453
Rank change year-on-year +23 -220 +119
Contract jobs requiring a Banking Business Analyst 206 180 476
As % of all contract IT jobs advertised in the UK 0.21% 0.19% 0.44%
As % of the Job Titles category 0.22% 0.20% 0.46%
Number of daily rates quoted 161 130 368
UK median daily rate £450 £475 £438
Median daily rate % change year-on-year -5.26% +8.57% -12.50%
10th Percentile £342 £330 £342
90th Percentile £588 £650 £600
UK excluding London median daily rate £405 £413 £400
% change year-on-year -1.82% +3.13% -5.88%
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

All Contract IT Job Vacancies
UK
Contract vacancies in the UK with a recognized job title 95,011 91,868 102,819
% of contract IT jobs with a recognized job title 94.81% 94.80% 94.96%
Number of daily rates quoted 63,133 59,980 65,551
UK median daily rate £450 £425 £413
Median daily rate % change year-on-year +5.88% +3.03% +3.13%
10th Percentile £260 £253 £250
90th Percentile £625 £600 £599
UK excluding London median daily rate £400 £400 £380
% change year-on-year - +5.26% +2.70%
Number of hourly rates quoted 2,784 3,231 3,883
UK median hourly rate £18.36 £18.00 £18.68
Median hourly rate % change year-on-year +2.01% -3.64% +13.21%
10th Percentile £10.75 £10.50 £10.50
90th Percentile £47.83 £47.00 £47.28
UK excluding London median hourly rate £17.50 £17.50 £18.00
% change year-on-year - -2.78% +9.09%

Banking Business Analyst
Job Vacancy Trend

Job postings that featured Banking Business Analyst in the job title as a percentage of all IT jobs advertised.

Job vacancy trend for Banking Business Analyst in the UK

Banking Business Analyst
Contractor Daily Rate Trend

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

Contractor daily rate trend for Banking Business Analyst in the UK

Banking Business Analyst
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Banking Business Analyst over the 6 months to 19 January 2018.

Contractor daily rate histogram for Banking Business Analyst in the UK

Banking Business Analyst
Contractor Hourly Rate Trend

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

Contractor hourly rate trend for Banking Business Analyst in the UK

Banking Business Analyst
Top 14 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking Business Analyst within the UK over the 6 months to 19 January 2018. 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
England +13 186 £471 -0.79% 15
London -28 139 £500 -4.76% 13
UK excluding London +25 67 £405 -1.82% 2
North of England +42 18 £405 +1.25%
South West +19 15 £405 - 1
Scotland -6 15 £374 +6.71%
North West +1 9 £346 -13.50%
South East -21 9 £408 -1.21%
Yorkshire - 9 £423 -
Midlands +3 5 £525 +19.32% 1
East Midlands -5 4 £525 +22.09%
Wales - 4 £368 -
Northern Ireland -28 1 - -
West Midlands - 1 £342 - 1

Banking Business Analyst Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 19 January 2018, Banking Business Analyst contract jobs required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads featuring Banking Business Analyst in the job title.

1 206 (100.00%) Banking
2 120 (58.25%) Finance
3 95 (46.12%) Business Analysis
4 71 (34.47%) Stakeholder Management
5 61 (29.61%) Retail Banking
6 54 (26.21%) Agile Software Development
7 26 (12.62%) Investment Banking
7 26 (12.62%) Change Management
8 24 (11.65%) Data Analysis
9 22 (10.68%) User Stories
10 21 (10.19%) SQL
11 20 (9.71%) Microsoft Excel
11 20 (9.71%) Scrum
12 18 (8.74%) Waterfall
12 18 (8.74%) Target Operating Model
13 17 (8.25%) Analytical Skills
13 17 (8.25%) GDPR
14 16 (7.77%) Migration
14 16 (7.77%) Data Modelling
14 16 (7.77%) Project Management
15 15 (7.28%) Data Mapping
16 14 (6.80%) Requirements Management
17 13 (6.31%) Private Banking
18 12 (5.83%) Stakeholder Engagement
18 12 (5.83%) Use Case
19 11 (5.34%) Business Intelligence
19 11 (5.34%) Microsoft
19 11 (5.34%) Analytics
20 10 (4.85%) Fixed Income
20 10 (4.85%) Validation

Banking Business Analyst Skill Set
Co-occurring IT Skills 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 4 (1.94%) SharePoint
2 3 (1.46%) Confluence
3 2 (0.97%) BizTalk Server
3 2 (0.97%) SAS
3 2 (0.97%) Skype for Business
4 1 (0.49%) Apache
4 1 (0.49%) Apache Spark
4 1 (0.49%) CMS
Applications
1 20 (9.71%) Microsoft Excel
2 10 (4.85%) MS Visio
3 6 (2.91%) Microsoft Office
3 6 (2.91%) Microsoft PowerPoint
4 3 (1.46%) Microsoft Project
5 2 (0.97%) Spreadsheet
Business Applications
1 4 (1.94%) Dynamics CRM
2 3 (1.46%) Bloomberg TOMS
3 2 (0.97%) Algo Collateral
3 2 (0.97%) Temenos Globus
4 1 (0.49%) Actimize
4 1 (0.49%) SAP HR
4 1 (0.49%) Temenos T24
4 1 (0.49%) VisionPLUS
Cloud Services
1 2 (0.97%) IBM Blueworks
1 2 (0.97%) Microsoft Azure
1 2 (0.97%) Office 365
1 2 (0.97%) Yammer
2 1 (0.49%) Bluemix
2 1 (0.49%) IBM Cloud
2 1 (0.49%) OpenShift
2 1 (0.49%) SaaS
Communications & Networking
1 3 (1.46%) SMS
2 1 (0.49%) Firewall
2 1 (0.49%) Internet
2 1 (0.49%) SSL
Database & Business Intelligence
1 8 (3.88%) Data Warehouse
2 3 (1.46%) SQL Server
3 2 (0.97%) Hadoop
4 1 (0.49%) Data Lake
4 1 (0.49%) Data Mining
4 1 (0.49%) DB2
4 1 (0.49%) MS Access
4 1 (0.49%) NoSQL
4 1 (0.49%) OLAP
4 1 (0.49%) OLAP Cube
4 1 (0.49%) Oracle OLAP
4 1 (0.49%) PowerPivot
4 1 (0.49%) QlikView
4 1 (0.49%) SQL Server Integration Services
4 1 (0.49%) SQL Server Reporting Services
Development Applications
1 6 (2.91%) JIRA
2 1 (0.49%) Cucumber
General
1 206 (100.00%) Banking
2 120 (58.25%) Finance
3 61 (29.61%) Retail Banking
4 26 (12.62%) Investment Banking
5 13 (6.31%) Private Banking
6 9 (4.37%) Legal
7 7 (3.40%) Marketing
8 6 (2.91%) Retail
9 5 (2.43%) Corporate Banking
9 5 (2.43%) Front Office
10 4 (1.94%) International Banking
11 3 (1.46%) Wholesale Banking
12 2 (0.97%) Back Office
12 2 (0.97%) Japanese Language
13 1 (0.49%) Electronics
13 1 (0.49%) Financial Institution
13 1 (0.49%) Manufacturing
13 1 (0.49%) Prime Brokerage
13 1 (0.49%) Retail Finance
13 1 (0.49%) Telecoms
Libraries, Frameworks & Software Standards
1 6 (2.91%) XML
2 3 (1.46%) FIX Protocol
3 2 (0.97%) FpML
3 2 (0.97%) XSD
3 2 (0.97%) XSLT
4 1 (0.49%) CSS
4 1 (0.49%) HTML
4 1 (0.49%) JSON
4 1 (0.49%) MDX
4 1 (0.49%) REST
4 1 (0.49%) SAML
4 1 (0.49%) SOAP
Miscellaneous
1 17 (8.25%) Analytical Skills
2 10 (4.85%) Fixed Income
3 7 (3.40%) Derivative
4 6 (2.91%) Credit Risk
4 6 (2.91%) Market Risk
5 5 (2.43%) Computer Science
5 5 (2.43%) Equities
5 5 (2.43%) User Experience
6 4 (1.94%) Management Information System
6 4 (1.94%) SWIFT
6 4 (1.94%) Virtual Team
7 3 (1.46%) Foreign Exchange (FX)
7 3 (1.46%) OTC Derivatives
7 3 (1.46%) Reference Data
8 2 (0.97%) Cybercrime
8 2 (0.97%) Data Structures
8 2 (0.97%) Greenfield Project
8 2 (0.97%) Online Banking
9 1 (0.49%) iPad
9 1 (0.49%) Mobile Banking
Operating Systems
1 2 (0.97%) Windows
2 1 (0.49%) Linux
2 1 (0.49%) Unix
Processes & Methodologies
1 95 (46.12%) Business Analysis
2 71 (34.47%) Stakeholder Management
3 54 (26.21%) Agile Software Development
4 26 (12.62%) Change Management
5 24 (11.65%) Data Analysis
6 22 (10.68%) User Stories
7 20 (9.71%) Scrum
8 18 (8.74%) Target Operating Model
8 18 (8.74%) Waterfall
9 16 (7.77%) Data Modelling
9 16 (7.77%) Migration
9 16 (7.77%) Project Management
10 15 (7.28%) Data Mapping
11 14 (6.80%) Requirements Management
12 12 (5.83%) Stakeholder Engagement
12 12 (5.83%) Use Case
13 11 (5.34%) Analytics
13 11 (5.34%) Business Intelligence
14 10 (4.85%) CRM
14 10 (4.85%) GAP Analysis
Programming Languages
1 21 (10.19%) SQL
2 5 (2.43%) VBA
3 4 (1.94%) Java
4 3 (1.46%) C++
5 2 (0.97%) Python
5 2 (0.97%) XPath
6 1 (0.49%) C#
6 1 (0.49%) PHP
6 1 (0.49%) PL/SQL
6 1 (0.49%) Scala
6 1 (0.49%) Shell Script
6 1 (0.49%) VB
6 1 (0.49%) XMLA
Qualifications
1 7 (3.40%) ISEB
2 5 (2.43%) Degree
3 3 (1.46%) PMP
4 2 (0.97%) ISTQB
4 2 (0.97%) PMI Certification
5 1 (0.49%) ACCA
5 1 (0.49%) CIMA
5 1 (0.49%) Computer Science Degree
5 1 (0.49%) Master's Degree
Quality Assurance & Compliance
1 17 (8.25%) GDPR
2 9 (4.37%) MiFID
3 6 (2.91%) QA
4 5 (2.43%) PSD2
5 3 (1.46%) Data Quality
5 3 (1.46%) PMO
6 2 (0.97%) SEPA
6 2 (0.97%) SLA
7 1 (0.49%) Basel III
7 1 (0.49%) Dodd-Frank
7 1 (0.49%) EMIR
7 1 (0.49%) FATCA
7 1 (0.49%) IFRS
7 1 (0.49%) Solvency II
System Software
1 2 (0.97%) Virtual Machines
Systems Management
1 1 (0.49%) CA Single Sign-On
Vendors
1 11 (5.34%) Microsoft
2 5 (2.43%) IBM
3 4 (1.94%) Bloomberg
3 4 (1.94%) Oracle
3 4 (1.94%) Pega
3 4 (1.94%) SAP
3 4 (1.94%) ServiceNow
4 3 (1.46%) Cognos
5 2 (0.97%) CA
5 2 (0.97%) Salesforce.com
5 2 (0.97%) Wallstreet Suite
6 1 (0.49%) Algorithmics
6 1 (0.49%) CA Agile Central
6 1 (0.49%) HP
6 1 (0.49%) JD Edwards
6 1 (0.49%) Microgen
6 1 (0.49%) Progress
6 1 (0.49%) Salesforce Marketing Cloud
6 1 (0.49%) Tableau
6 1 (0.49%) Temenos