Period
to 8 August 2020

The table below looks at the prevalence of the term Banking in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Banking over the 6 months to 8 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
UK
6 months to
8 Aug 2020
Same period 2019 Same period 2018
Rank 22 23 21
Rank change year-on-year +1 -2 -11
Contract jobs citing Banking 2,398 6,224 7,755
As % of all contract jobs advertised in the UK 6.81% 6.83% 7.56%
As % of the General category 16.76% 17.27% 18.62%
Number of daily rates quoted 1,743 4,179 5,261
Median daily rate £550 £525 £525
Median daily rate % change year-on-year +4.76% - +5.00%
10th Percentile £354 £350 £350
90th Percentile £750 £713 £725
UK excluding London median daily rate £425 £450 £430
% change year-on-year -5.56% +4.65% +3.61%
Number of hourly rates quoted 42 52 74
Median hourly rate £35.00 £21.00 £18.70
Median hourly rate % change year-on-year +66.67% +12.30% +24.67%
10th Percentile £13.74 £13.88 £12.65
90th Percentile £66.00 £37.48 £30.00
UK excluding London median hourly rate £35.00 £13.75 £13.50
% change year-on-year +154.55% +1.85% +0.93%

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 with a requirement for common skills.

All General Skills
UK
Contract vacancies with a requirement for common skills 14,306 36,030 41,643
As % of all contract IT jobs advertised in the UK 40.62% 39.53% 40.58%
Number of daily rates quoted 9,094 23,232 27,007
Median daily rate £500 £488 £475
Median daily rate % change year-on-year +2.56% +2.63% +5.56%
10th Percentile £290 £300 £288
90th Percentile £713 £675 £675
UK excluding London median daily rate £448 £438 £425
% change year-on-year +2.36% +2.94% +5.20%
Number of hourly rates quoted 533 960 1,075
Median hourly rate £30.58 £22.93 £22.00
Median hourly rate % change year-on-year +33.34% +4.23% -1.68%
10th Percentile £13.00 £12.50 £11.77
90th Percentile £52.50 £50.00 £48.75
Median hourly rate £22.55 £23.50 £20.00
% change year-on-year -4.06% +17.50% -11.11%

Banking
Job Vacancy Trend

Job postings citing Banking as a proportion of all IT jobs advertised.

Job vacancy trend for Banking in the UK

Banking
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Banking.

Daily rate trend for Banking in the UK

Banking
Daily Rate Histogram

Daily rate distribution for jobs citing Banking over the 6 months to 8 August 2020.

Daily rate histogram for Banking in the UK

Banking
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Banking.

Hourly rate trend for Banking in the UK

Banking
Hourly Rate Histogram

Hourly rate distribution of jobs citing Banking over the 6 months to 8 August 2020.

Hourly rate histogram for Banking in the UK

Banking
Top 18 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking within the UK over the 6 months to 8 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
England +3 2,219 £553 +0.45% 316
London +3 1,869 £595 +8.18% 214
UK excluding London -31 464 £425 -5.56% 130
North of England -9 167 £425 -5.56% 63
Work from Home +9 150 £475 -9.52% 69
North West +2 96 £386 -14.22% 14
Scotland -28 95 £450 - 20
Midlands +45 70 £189 -55.53% 17
Yorkshire -11 65 £500 +11.11% 40
East Midlands +41 52 £173 -57.41% 12
South East -29 52 £513 +7.89% 16
South West -28 35 £413 -12.70% 4
Northern Ireland -3 34 £376 -15.79% 4
West Midlands +22 16 £431 +1.47% 5
East of England +44 8 £425 - 2
North East +5 6 £475 +27.09% 9
Wales +27 3 £525 +12.90% 3
Channel Islands 0 2 - - 1

For the 6 months to 8 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 with a requirement for Banking.

1 1,255 (52.34%) Finance
2 831 (34.65%) Java
3 754 (31.44%) Investment Banking
4 749 (31.23%) Agile Software Development
5 515 (21.48%) Python
6 484 (20.18%) Front Office
7 476 (19.85%) SQL
8 389 (16.22%) AWS
9 383 (15.97%) DevOps
10 315 (13.14%) JavaScript
11 303 (12.64%) Fixed Income
12 299 (12.47%) Foreign Exchange (FX)
12 299 (12.47%) Azure
13 291 (12.14%) Web Services
14 273 (11.38%) Software Engineering
15 260 (10.84%) Asset Management
15 260 (10.84%) SQL Server
16 253 (10.55%) C#
17 242 (10.09%) Oracle
18 230 (9.59%) Microservices
19 223 (9.30%) GCP
20 217 (9.05%) AngularJS
21 212 (8.84%) Derivative
22 204 (8.51%) Hedge funds
23 203 (8.47%) Windows
24 201 (8.38%) React
24 201 (8.38%) Problem-Solving
25 199 (8.30%) Kubernetes
25 199 (8.30%) TDD
25 199 (8.30%) Investment Management

Banking
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 86 (3.59%) Apache
2 76 (3.17%) Confluence
3 68 (2.84%) Apache Spark
4 35 (1.46%) Mule
5 33 (1.38%) SharePoint
6 23 (0.96%) Elasticsearch
7 22 (0.92%) WebSphere
8 15 (0.63%) Tomcat
9 14 (0.58%) JBoss
9 14 (0.58%) MS Exchange
9 14 (0.58%) Red Hat Fuse
10 13 (0.54%) IIS
11 11 (0.46%) Cloud Foundry
12 10 (0.42%) WebLogic
13 9 (0.38%) nginx
13 9 (0.38%) Skype for Business
14 8 (0.33%) Oracle Workflow
15 7 (0.29%) CMS
15 7 (0.29%) MTS
15 7 (0.29%) SAS
Applications
1 85 (3.54%) Microsoft Excel
2 58 (2.42%) Microsoft Office
3 15 (0.63%) Microsoft PowerPoint
4 13 (0.54%) MS Visio
5 12 (0.50%) Spreadsheet
6 10 (0.42%) Sketch
7 9 (0.38%) Chatbot
8 8 (0.33%) Microsoft Project
9 5 (0.21%) Adobe Illustrator
10 3 (0.13%) Photoshop
11 2 (0.083%) Figma
12 1 (0.042%) AutoCAD
12 1 (0.042%) InDesign
12 1 (0.042%) InVision
12 1 (0.042%) Revit
Business Applications
1 20 (0.83%) ION MarketView
2 13 (0.54%) Misys Midas
3 8 (0.33%) SunGard Martini
4 7 (0.29%) Bloomberg TOMS
4 7 (0.29%) Dynamics CRM
5 5 (0.21%) Distributed Ledger
6 4 (0.17%) Actimize
6 4 (0.17%) Oracle Procure-to-Pay
7 3 (0.13%) Oracle Payables
7 3 (0.13%) Oracle Receivables
7 3 (0.13%) RMDS
8 2 (0.083%) Eikon
8 2 (0.083%) Loan IQ
8 2 (0.083%) Markit EDM
8 2 (0.083%) Oracle Assets
8 2 (0.083%) Oracle Cash Management
8 2 (0.083%) Oracle General Ledger
8 2 (0.083%) Payment Gateway
8 2 (0.083%) PolarLake
8 2 (0.083%) Summit
Cloud Services
1 389 (16.22%) AWS
2 299 (12.47%) Azure
3 223 (9.30%) GCP
4 120 (5.00%) Serverless
5 111 (4.63%) AWS Lambda
6 77 (3.21%) Amazon ECS
7 61 (2.54%) Apigee
8 45 (1.88%) OpenShift
9 42 (1.75%) SaaS
10 36 (1.50%) GitHub
10 36 (1.50%) Office 365
11 35 (1.46%) Amazon EC2
12 32 (1.33%) PaaS
13 28 (1.17%) Amazon S3
14 23 (0.96%) Power Platform
15 22 (0.92%) IaaS
16 21 (0.88%) AWS CloudFormation
16 21 (0.88%) Azure Functions
17 17 (0.71%) Cloud Computing
18 14 (0.58%) Amazon EKS
Communications & Networking
1 57 (2.38%) Firewall
2 29 (1.21%) Network Security
3 28 (1.17%) DNS
4 22 (0.92%) X.509
5 20 (0.83%) Internet
6 19 (0.79%) SSL
7 18 (0.75%) HTTP
8 15 (0.63%) TCP/IP
9 12 (0.50%) RTMP
10 10 (0.42%) Intranet
11 9 (0.38%) Skype
12 8 (0.33%) HTTPS
12 8 (0.33%) LAN
12 8 (0.33%) VPN
13 7 (0.29%) Kerberos
13 7 (0.29%) SAN
13 7 (0.29%) WAN
14 6 (0.25%) FTP
14 6 (0.25%) S/MIME
15 5 (0.21%) BGP
Database & Business Intelligence
1 260 (10.84%) SQL Server
2 108 (4.50%) Relational Database
3 103 (4.30%) Data Warehouse
4 95 (3.96%) MySQL
5 92 (3.84%) PostgreSQL
6 76 (3.17%) MongoDB
7 73 (3.04%) Big Data
8 69 (2.88%) NoSQL
9 62 (2.59%) Amazon Redshift
10 47 (1.96%) Oracle Database
11 46 (1.92%) Hadoop
12 41 (1.71%) SQL Server Reporting Services
13 33 (1.38%) RDBMS
13 33 (1.38%) SQL Server Integration Services
14 28 (1.17%) Amazon DynamoDB
15 23 (0.96%) Power BI
16 22 (0.92%) Spotfire
17 21 (0.88%) Hazelcast
17 21 (0.88%) Redis
18 20 (0.83%) Apache Hive
Development Applications
1 179 (7.46%) Jenkins
2 168 (7.01%) JIRA
3 158 (6.59%) Git (software)
4 72 (3.00%) Artifactory
5 70 (2.92%) JUnit
6 68 (2.84%) Subversion
7 63 (2.63%) Maven
8 59 (2.46%) GitLab
9 57 (2.38%) TeamCity
10 54 (2.25%) RStudio
11 40 (1.67%) Cucumber
12 39 (1.63%) Selenium
13 28 (1.17%) Visual Studio
14 26 (1.08%) Bitbucket
15 24 (1.00%) Mockito
16 22 (0.92%) Sonatype Nexus
17 19 (0.79%) Eclipse
18 18 (0.75%) NUnit
19 17 (0.71%) Gradle
19 17 (0.71%) Hudson
General
1 1,255 (52.34%) Finance
2 754 (31.44%) Investment Banking
3 484 (20.18%) Front Office
4 96 (4.00%) Retail Banking
5 94 (3.92%) Back Office
6 60 (2.50%) Retail
7 51 (2.13%) Financial Institution
8 34 (1.42%) Corporate Banking
9 31 (1.29%) Legal
10 30 (1.25%) International Banking
11 29 (1.21%) Telecoms
12 21 (0.88%) French Language
13 17 (0.71%) Public Sector
14 16 (0.67%) Marketing
15 11 (0.46%) Private Banking
16 10 (0.42%) Law
17 6 (0.25%) Prime Brokerage
18 5 (0.21%) German Language
19 4 (0.17%) Advertising
19 4 (0.17%) Billing
Job Titles
1 1,045 (43.58%) Developer
2 390 (16.26%) Java Developer
3 297 (12.39%) Analyst
4 175 (7.30%) Senior Developer
5 160 (6.67%) Architect
6 149 (6.21%) Python Developer
7 142 (5.92%) AWS Developer
8 132 (5.50%) AWS Engineer
9 130 (5.42%) Business Analyst
10 108 (4.50%) Project Manager
11 105 (4.38%) Senior Java Developer
12 102 (4.25%) C# Developer
13 97 (4.05%) Software Engineer
14 83 (3.46%) Developer/Software Engineer
15 79 (3.29%) Java Engineer
16 74 (3.09%) Consultant
17 71 (2.96%) Front Office Developer
17 71 (2.96%) SQL Developer
18 59 (2.46%) Banking Analyst
19 56 (2.34%) Solutions Architect
Libraries, Frameworks & Software Standards
1 291 (12.14%) Web Services
2 217 (9.05%) AngularJS
3 201 (8.38%) React
4 182 (7.59%) .NET
5 168 (7.01%) Spring
6 133 (5.55%) HTML
7 114 (4.75%) Vue.js
8 105 (4.38%) CSS
9 104 (4.34%) REST
10 85 (3.54%) Middleware
11 80 (3.34%) Node.js
12 70 (2.92%) gRPC
13 69 (2.88%) RESTful
14 68 (2.84%) Kafka
15 65 (2.71%) HTML5
15 65 (2.71%) Swagger
16 64 (2.67%) Spring Boot
17 61 (2.54%) OAuth
18 60 (2.50%) WPF
19 59 (2.46%) XML
Miscellaneous
1 303 (12.64%) Fixed Income
2 299 (12.47%) Foreign Exchange (FX)
3 212 (8.84%) Derivative
4 204 (8.51%) Hedge funds
5 183 (7.63%) Equities
6 156 (6.51%) Analytical Skills
7 90 (3.75%) User Experience
8 79 (3.29%) Greenfield Project
9 59 (2.46%) Credit Risk
10 51 (2.13%) Mobile App
11 41 (1.71%) Data Centre
11 41 (1.71%) Data Structures
12 37 (1.54%) Mobile Banking
13 34 (1.42%) Virtual Team
14 32 (1.33%) Algorithms
15 30 (1.25%) Management Information System
15 30 (1.25%) Self-Motivation
16 29 (1.21%) Market Risk
17 22 (0.92%) PKI
18 21 (0.88%) Public Cloud
Operating Systems
1 203 (8.47%) Windows
2 195 (8.13%) Linux
3 117 (4.88%) Unix
4 53 (2.21%) Android
5 52 (2.17%) Windows Server
6 42 (1.75%) Windows 10
7 38 (1.58%) Apple iOS
8 31 (1.29%) Windows 7
9 27 (1.13%) Red Hat Enterprise Linux
10 23 (0.96%) Windows Server 2012
11 20 (0.83%) Windows Server 2016
12 11 (0.46%) Solaris
13 9 (0.38%) Windows Server 2008
14 7 (0.29%) Mac OS
15 4 (0.17%) Mac OS X
16 3 (0.13%) AIX
16 3 (0.13%) Windows Server 2019
16 3 (0.13%) zOS
17 2 (0.083%) HPUX
17 2 (0.083%) Mesosphere
Processes & Methodologies
1 749 (31.23%) Agile Software Development
2 383 (15.97%) DevOps
3 273 (11.38%) Software Engineering
4 260 (10.84%) Asset Management
5 230 (9.59%) Microservices
6 201 (8.38%) Problem-Solving
7 199 (8.30%) Investment Management
7 199 (8.30%) TDD
8 172 (7.17%) Business Analysis
9 170 (7.09%) Test Automation
10 169 (7.05%) Multithreading
11 165 (6.88%) Change Management
12 148 (6.17%) SDLC
13 134 (5.59%) Project Management
14 132 (5.50%) Decision-Making
14 132 (5.50%) Scrum
15 124 (5.17%) Stakeholder Management
16 122 (5.09%) Risk Management
17 115 (4.80%) Migration
18 107 (4.46%) Analytics
Programming Languages
1 831 (34.65%) Java
2 515 (21.48%) Python
3 476 (19.85%) SQL
4 315 (13.14%) JavaScript
5 253 (10.55%) C#
6 128 (5.34%) C++
7 76 (3.17%) VBA
8 74 (3.09%) Java 8
9 71 (2.96%) Kotlin
10 68 (2.84%) PowerShell
11 63 (2.63%) Scala
12 60 (2.50%) TypeScript
13 49 (2.04%) T-SQL
14 44 (1.83%) Shell Script
15 35 (1.46%) Perl
16 31 (1.29%) C
17 24 (1.00%) Go
17 24 (1.00%) PL/SQL
18 23 (0.96%) Groovy
19 21 (0.88%) Bash Shell
Qualifications
1 135 (5.63%) Degree
2 45 (1.88%) Computer Science Degree
3 33 (1.38%) Security Cleared
4 21 (0.88%) SC Cleared
5 18 (0.75%) Sun Certification
6 16 (0.67%) VMware Certified Professional (VCP)
7 13 (0.54%) Microsoft Certification
8 12 (0.50%) Cisco Certification
8 12 (0.50%) Numerate Degree
9 10 (0.42%) CISSP
9 10 (0.42%) ITIL Certification
10 9 (0.38%) CCNP
11 8 (0.33%) DV Cleared
11 8 (0.33%) TOGAF Certification
12 7 (0.29%) Master's Degree
12 7 (0.29%) MCSE
13 6 (0.25%) CCIE
13 6 (0.25%) CISM
13 6 (0.25%) PhD
13 6 (0.25%) PMP
Quality Assurance & Compliance
1 94 (3.92%) QA
2 40 (1.67%) PMO
3 39 (1.63%) SLA
4 27 (1.13%) ISO/IEC 27001
5 22 (0.92%) MiFID
6 17 (0.71%) Data Quality
6 17 (0.71%) GDPR
7 16 (0.67%) PSD2
8 10 (0.42%) Basel III
8 10 (0.42%) IFRS
9 7 (0.29%) CRD IV
9 7 (0.29%) EMIR
10 6 (0.25%) Basel II
11 5 (0.21%) NIST
11 5 (0.21%) SEPA
12 4 (0.17%) IFRS 9
12 4 (0.17%) ISO 20022
12 4 (0.17%) WCAG
13 3 (0.13%) COBIT
13 3 (0.13%) Sarbanes-Oxley
System Software
1 182 (7.59%) Docker
2 108 (4.50%) Active Directory
3 38 (1.58%) VMware Infrastructure
4 19 (0.79%) XenApp
5 18 (0.75%) XenDesktop
6 16 (0.67%) Virtual Machines
7 9 (0.38%) Citrix Hypervisor
7 9 (0.38%) vSphere
8 8 (0.33%) Microsoft App-V
9 7 (0.29%) HDFS
9 7 (0.29%) LXC
10 6 (0.25%) Squid
10 6 (0.25%) Virtual Desktop
11 5 (0.21%) RACF
11 5 (0.21%) VMware ESXi
12 4 (0.17%) NFS
12 4 (0.17%) OpenAM
12 4 (0.17%) Time Sharing Option
13 3 (0.13%) Firmware
13 3 (0.13%) Terminal Services
Systems Management
1 199 (8.30%) Kubernetes
2 84 (3.50%) Ansible
3 64 (2.67%) Terraform
4 34 (1.42%) Puppet
5 27 (1.13%) SCCM
6 21 (0.88%) Opscode Chef
7 12 (0.50%) Network Intrusion Detection System
8 11 (0.46%) Prometheus
9 10 (0.42%) ITRS Geneos
10 9 (0.38%) Single Sign-On
11 7 (0.29%) Grafana
11 7 (0.29%) Mesos
11 7 (0.29%) Tivoli
12 6 (0.25%) Cacti
12 6 (0.25%) Microsoft Intune
12 6 (0.25%) Nagios
12 6 (0.25%) Opsview
12 6 (0.25%) Red Hat Satellite
12 6 (0.25%) vRealize
13 5 (0.21%) FortiGate
Vendors
1 242 (10.09%) Oracle
2 180 (7.51%) Google
3 156 (6.51%) Microsoft
4 63 (2.63%) Splunk
5 53 (2.21%) Bloomberg
6 51 (2.13%) IBM
7 46 (1.92%) VMware
8 40 (1.67%) Sybase
9 39 (1.63%) Citrix
9 39 (1.63%) Red Hat
10 37 (1.54%) ION Trading
11 30 (1.25%) Cisco
12 27 (1.13%) F5
13 25 (1.04%) ServiceNow
13 25 (1.04%) Tableau
14 22 (0.92%) MuleSoft
15 18 (0.75%) AppDynamics
15 18 (0.75%) Murex
16 16 (0.67%) Atlassian
16 16 (0.67%) Cognos