Period
to 31 October 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 31 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
UK
6 months to
31 Oct 2020
Same period 2019 Same period 2018
Rank 20 27 21
Rank change year-on-year +7 -6 -11
Contract jobs citing Banking 2,434 5,133 7,725
As % of all contract jobs advertised in the UK 7.45% 6.06% 7.46%
As % of the General category 17.91% 15.74% 18.54%
Number of daily rates quoted 1,902 3,508 5,401
Median daily rate £550 £540 £538
Median daily rate % change year-on-year +1.85% +0.47% +4.88%
10th Percentile £350 £331 £356
90th Percentile £750 £725 £713
UK excluding London median daily rate £400 £450 £425
% change year-on-year -11.11% +5.88% +3.03%
Number of hourly rates quoted 40 41 73
Median hourly rate £35.00 £21.00 £18.70
Median hourly rate % change year-on-year +66.67% +12.30% +24.67%
10th Percentile £15.04 £15.67 £12.60
90th Percentile £66.00 £46.00 £23.79
UK excluding London median hourly rate £25.43 £36.25 £13.45
% change year-on-year -29.85% +169.52% +3.46%

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 13,590 32,608 41,667
As % of all contract IT jobs advertised in the UK 41.59% 38.53% 40.26%
Number of daily rates quoted 8,695 20,886 27,050
Median daily rate £500 £475 £475
Median daily rate % change year-on-year +5.26% - +5.56%
10th Percentile £285 £288 £294
90th Percentile £700 £675 £675
UK excluding London median daily rate £427 £438 £425
% change year-on-year -2.40% +2.94% +5.59%
Number of hourly rates quoted 497 988 1,143
Median hourly rate £27.99 £22.00 £21.50
Median hourly rate % change year-on-year +27.23% +2.33% -3.37%
10th Percentile £12.76 £12.40 £11.85
90th Percentile £50.63 £50.00 £48.75
Median hourly rate £22.50 £21.42 £20.17
% change year-on-year +5.07% +6.17% -9.35%

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 31 October 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 31 October 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 31 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
England +13 2,263 £550 - 402
London +3 1,959 £575 +0.88% 298
Work from Home +23 364 £488 -14.29% 88
UK excluding London -31 355 £400 -11.11% 114
North of England +2 146 £421 -6.39% 67
North West +10 86 £400 -11.11% 23
Midlands +68 70 £360 -13.77% 15
Yorkshire +2 58 £450 - 37
East Midlands +60 47 £308 -23.13% 6
Scotland -49 44 £308 -35.26% 6
Northern Ireland -2 37 £424 -2.08% 4
South East -30 28 £480 +5.49% 11
West Midlands +38 20 £450 - 9
South West +13 15 £375 -20.21% 1
East of England +45 11 £415 +0.55% 6
Wales +34 2 £360 -28.00% 4
North East +13 2 £388 -13.89% 7
Channel Islands 0 2 - -

For the 6 months to 31 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 with a requirement for Banking.

1 1,258 (51.68%) Finance
2 860 (35.33%) Java
3 783 (32.17%) Agile Software Development
4 776 (31.88%) Investment Banking
5 545 (22.39%) Python
6 542 (22.27%) SQL
7 494 (20.30%) Front Office
8 393 (16.15%) AWS
8 393 (16.15%) DevOps
9 325 (13.35%) Azure
10 319 (13.11%) Microservices
11 299 (12.28%) Web Services
12 294 (12.08%) SQL Server
13 293 (12.04%) JavaScript
14 287 (11.79%) Fixed Income
15 282 (11.59%) Software Engineering
16 270 (11.09%) GCP
17 261 (10.72%) Foreign Exchange (FX)
18 260 (10.68%) Asset Management
19 254 (10.44%) C#
20 244 (10.02%) Oracle
21 235 (9.65%) Jenkins
22 231 (9.49%) AngularJS
23 223 (9.16%) Kubernetes
24 219 (9.00%) Linux
25 215 (8.83%) Investment Management
26 212 (8.71%) Derivative
27 203 (8.34%) Spring
28 201 (8.26%) Hedge funds
29 200 (8.22%) JIRA

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 98 (4.03%) Apache
2 87 (3.57%) Confluence
3 67 (2.75%) Apache Spark
4 50 (2.05%) Mule
5 32 (1.31%) Red Hat Fuse
6 29 (1.19%) SharePoint
7 23 (0.94%) Elasticsearch
8 18 (0.74%) Cloud Foundry
8 18 (0.74%) JBoss
9 15 (0.62%) IIS
10 14 (0.58%) Skype for Business
10 14 (0.58%) WebSphere
11 13 (0.53%) MS Exchange
12 11 (0.45%) MTS
13 7 (0.29%) Appian
13 7 (0.29%) CMS
13 7 (0.29%) WebLogic
14 6 (0.25%) MQSeries
14 6 (0.25%) SAS
14 6 (0.25%) Tomcat
Applications
1 76 (3.12%) Microsoft Excel
2 38 (1.56%) Microsoft Office
3 24 (0.99%) Microsoft PowerPoint
4 21 (0.86%) MS Visio
5 12 (0.49%) Spreadsheet
6 10 (0.41%) Chatbot
6 10 (0.41%) Microsoft Project
7 9 (0.37%) Sketch
8 5 (0.21%) InVision
9 4 (0.16%) Adobe Illustrator
10 3 (0.12%) Figma
10 3 (0.12%) Photoshop
11 1 (0.041%) Adobe Creative Suite
11 1 (0.041%) InDesign
Business Applications
1 25 (1.03%) ION MarketView
2 15 (0.62%) SunGard Martini
3 14 (0.58%) Temenos T24
4 11 (0.45%) Bloomberg TOMS
5 6 (0.25%) HiPortfolio
6 5 (0.21%) RMDS
7 4 (0.16%) Sparx Enterprise Architect
8 3 (0.12%) Actimize
8 3 (0.12%) Distributed Ledger
8 3 (0.12%) Misys Midas
8 3 (0.12%) Summit
9 2 (0.082%) Advent Geneva
9 2 (0.082%) BASE24
9 2 (0.082%) Dynamics CRM
9 2 (0.082%) Endur
9 2 (0.082%) Loan IQ
9 2 (0.082%) Oracle Payables
9 2 (0.082%) Payment Gateway
9 2 (0.082%) Temenos Globus
10 1 (0.041%) Oracle AML
Cloud Services
1 393 (16.15%) AWS
2 325 (13.35%) Azure
3 270 (11.09%) GCP
4 137 (5.63%) Serverless
5 131 (5.38%) AWS Lambda
6 91 (3.74%) Amazon ECS
7 77 (3.16%) Apigee
8 58 (2.38%) GitHub
9 44 (1.81%) Amazon EC2
10 43 (1.77%) PaaS
11 39 (1.60%) Office 365
12 34 (1.40%) Amazon S3
13 31 (1.27%) IaaS
14 29 (1.19%) AWS CloudFormation
14 29 (1.19%) SaaS
15 27 (1.11%) OpenShift
16 24 (0.99%) Power Platform
17 19 (0.78%) Cloud Computing
18 16 (0.66%) Azure Functions
18 16 (0.66%) Slack
Communications & Networking
1 58 (2.38%) Firewall
2 28 (1.15%) Internet
3 21 (0.86%) SSL
4 20 (0.82%) DNS
5 18 (0.74%) TCP/IP
6 16 (0.66%) Multicast
7 14 (0.58%) HTTP
7 14 (0.58%) Network Security
8 13 (0.53%) Kerberos
8 13 (0.53%) Skype
8 13 (0.53%) VPN
8 13 (0.53%) WAN
9 10 (0.41%) Cisco Wireless
9 10 (0.41%) FIX Connectivity
9 10 (0.41%) LAN
9 10 (0.41%) Wireless
10 9 (0.37%) DMZ
11 8 (0.33%) F5 BIG-IP GTM
11 8 (0.33%) HTTPS
11 8 (0.33%) SNMP
Database & Business Intelligence
1 294 (12.08%) SQL Server
2 121 (4.97%) MySQL
3 114 (4.68%) Relational Database
4 113 (4.64%) PostgreSQL
5 91 (3.74%) Data Warehouse
6 90 (3.70%) MongoDB
7 87 (3.57%) NoSQL
8 77 (3.16%) Amazon Redshift
9 76 (3.12%) Big Data
10 51 (2.10%) Hadoop
11 50 (2.05%) Oracle Database
12 47 (1.93%) SQL Server Integration Services
13 41 (1.68%) RDBMS
14 33 (1.36%) Amazon DynamoDB
15 31 (1.27%) SQL Server Reporting Services
16 29 (1.19%) Apache Cassandra
17 28 (1.15%) Hazelcast
18 27 (1.11%) SQL Server Analysis Services
19 24 (0.99%) Oracle Database 12c
20 23 (0.94%) Tableau
Development Applications
1 235 (9.65%) Jenkins
2 200 (8.22%) JIRA
3 190 (7.81%) Git (software)
4 82 (3.37%) Artifactory
5 72 (2.96%) GitLab
6 64 (2.63%) Maven
7 60 (2.47%) Cucumber
7 60 (2.47%) Subversion
8 55 (2.26%) JUnit
9 47 (1.93%) TeamCity
10 39 (1.60%) RStudio
11 38 (1.56%) Selenium
12 32 (1.31%) Sonatype Nexus
13 27 (1.11%) Visual Studio
14 25 (1.03%) Bitbucket
15 22 (0.90%) Eclipse
15 22 (0.90%) Mockito
16 17 (0.70%) Hudson
17 16 (0.66%) Atlassian Bamboo
17 16 (0.66%) SonarQube
General
1 1,258 (51.68%) Finance
2 776 (31.88%) Investment Banking
3 494 (20.30%) Front Office
4 107 (4.40%) Retail Banking
5 78 (3.20%) Back Office
6 71 (2.92%) Financial Institution
7 51 (2.10%) Retail
8 35 (1.44%) International Banking
9 29 (1.19%) French Language
10 27 (1.11%) Corporate Banking
10 27 (1.11%) Legal
11 19 (0.78%) Marketing
12 13 (0.53%) Telecoms
13 12 (0.49%) Private Banking
14 11 (0.45%) Law
15 10 (0.41%) Public Sector
16 9 (0.37%) Advertising
17 4 (0.16%) Pharmaceutical
17 4 (0.16%) Wholesale Banking
18 3 (0.12%) German Language
Job Titles
1 1,080 (44.37%) Developer
2 417 (17.13%) Java Developer
3 296 (12.16%) Analyst
4 196 (8.05%) Architect
5 178 (7.31%) Senior Developer
6 154 (6.33%) Business Analyst
7 132 (5.42%) AWS Developer
8 131 (5.38%) AWS Engineer
9 116 (4.77%) Python Developer
10 114 (4.68%) Software Engineer
11 108 (4.44%) Developer/Software Engineer
12 107 (4.40%) Senior Java Developer
13 94 (3.86%) Java Engineer
14 93 (3.82%) Project Manager
15 92 (3.78%) C# Developer
16 91 (3.74%) SQL Developer
17 85 (3.49%) Solutions Architect
18 78 (3.20%) JavaScript Developer
19 74 (3.04%) Consultant
20 72 (2.96%) Front Office Developer
Libraries, Frameworks & Software Standards
1 299 (12.28%) Web Services
2 231 (9.49%) AngularJS
3 203 (8.34%) Spring
4 197 (8.09%) React
5 172 (7.07%) .NET
6 159 (6.53%) REST
7 120 (4.93%) HTML
8 114 (4.68%) Kafka
9 111 (4.56%) Node.js
10 98 (4.03%) Vue.js
11 94 (3.86%) CSS
12 92 (3.78%) Middleware
13 88 (3.62%) gRPC
14 87 (3.57%) Spring Boot
15 78 (3.20%) Swagger
16 74 (3.04%) OAuth
17 62 (2.55%) XML
18 61 (2.51%) HTML5
19 58 (2.38%) JSON
20 50 (2.05%) RESTful
Miscellaneous
1 287 (11.79%) Fixed Income
2 261 (10.72%) Foreign Exchange (FX)
3 212 (8.71%) Derivative
4 201 (8.26%) Hedge funds
5 172 (7.07%) Equities
6 157 (6.45%) Analytical Skills
7 78 (3.20%) User Experience
8 76 (3.12%) Greenfield Project
9 57 (2.34%) Mobile App
10 48 (1.97%) Credit Risk
10 48 (1.97%) Virtual Team
11 39 (1.60%) Mobile Banking
12 38 (1.56%) Management Information System
13 31 (1.27%) Data Structures
14 30 (1.23%) Public Cloud
15 29 (1.19%) Market Risk
16 24 (0.99%) Algorithms
16 24 (0.99%) Blog
16 24 (0.99%) Data Centre
17 21 (0.86%) Enterprise Software
Operating Systems
1 219 (9.00%) Linux
2 172 (7.07%) Windows
3 133 (5.46%) Unix
4 53 (2.18%) Android
5 43 (1.77%) Apple iOS
6 30 (1.23%) Windows 10
7 28 (1.15%) Windows Server
8 18 (0.74%) Red Hat Enterprise Linux
9 15 (0.62%) Windows 7
10 14 (0.58%) Windows Server 2012
11 11 (0.45%) Windows Server 2016
12 8 (0.33%) Windows Server 2008
13 7 (0.29%) Solaris
14 6 (0.25%) Windows Server 2019
15 5 (0.21%) AIX
16 4 (0.16%) Mac OS
16 4 (0.16%) Windows XP
17 3 (0.12%) zOS
18 2 (0.082%) VMS
19 1 (0.041%) HPUX
Processes & Methodologies
1 783 (32.17%) Agile Software Development
2 393 (16.15%) DevOps
3 319 (13.11%) Microservices
4 282 (11.59%) Software Engineering
5 260 (10.68%) Asset Management
6 215 (8.83%) Investment Management
7 192 (7.89%) Change Management
8 185 (7.60%) TDD
9 180 (7.40%) Multithreading
10 177 (7.27%) Problem-Solving
11 172 (7.07%) Scrum
11 172 (7.07%) Test Automation
12 138 (5.67%) Business Analysis
13 137 (5.63%) Digital Transformation Programme
14 134 (5.51%) Electronic Trading
14 134 (5.51%) Migration
15 132 (5.42%) Stakeholder Management
16 130 (5.34%) Risk Management
17 129 (5.30%) SDLC
18 124 (5.09%) Project Management
Programming Languages
1 860 (35.33%) Java
2 545 (22.39%) Python
3 542 (22.27%) SQL
4 293 (12.04%) JavaScript
5 254 (10.44%) C#
6 135 (5.55%) C++
7 107 (4.40%) Kotlin
8 73 (3.00%) Java 8
8 73 (3.00%) Scala
9 69 (2.83%) TypeScript
10 58 (2.38%) PowerShell
11 52 (2.14%) VBA
12 44 (1.81%) Shell Script
12 44 (1.81%) T-SQL
13 34 (1.40%) Perl
14 30 (1.23%) PL/SQL
15 29 (1.19%) Bash Shell
16 22 (0.90%) Groovy
17 21 (0.86%) C
17 21 (0.86%) R
Qualifications
1 114 (4.68%) Degree
2 37 (1.52%) Computer Science Degree
3 33 (1.36%) Security Cleared
4 28 (1.15%) SC Cleared
5 24 (0.99%) Sun Certification
6 20 (0.82%) CISSP
7 16 (0.66%) TOGAF Certification
8 14 (0.58%) Cisco Certification
8 14 (0.58%) Microsoft Certification
8 14 (0.58%) Numerate Degree
9 12 (0.49%) CISM
9 12 (0.49%) PhD
10 11 (0.45%) Master's Degree
11 10 (0.41%) CCNP
12 6 (0.25%) CISA
12 6 (0.25%) ITIL Certification
12 6 (0.25%) MCSE
12 6 (0.25%) PMI Certification
12 6 (0.25%) PMP
12 6 (0.25%) PRINCE2 Certification
Quality Assurance & Compliance
1 61 (2.51%) QA
2 41 (1.68%) PMO
3 31 (1.27%) Data Quality
4 23 (0.94%) SLA
5 21 (0.86%) MiFID
6 19 (0.78%) PSD2
7 15 (0.62%) GDPR
8 14 (0.58%) NIST
9 12 (0.49%) ISO/IEC 27001
10 10 (0.41%) COREP
11 9 (0.37%) IFRS
12 8 (0.33%) ISO 20022
13 6 (0.25%) SEPA
13 6 (0.25%) TARGET2
14 5 (0.21%) Basel III
14 5 (0.21%) FINREP
14 5 (0.21%) WCAG
15 4 (0.16%) COBIT
15 4 (0.16%) EMIR
15 4 (0.16%) Sarbanes-Oxley
System Software
1 194 (7.97%) Docker
2 73 (3.00%) Active Directory
3 23 (0.94%) VMware Infrastructure
4 12 (0.49%) VMware ESXi
5 9 (0.37%) XenApp
6 8 (0.33%) HDFS
6 8 (0.33%) XenDesktop
7 7 (0.29%) Microsoft App-V
7 7 (0.29%) Oracle RAC
8 6 (0.25%) Virtual Machines
9 5 (0.21%) Time Sharing Option
9 5 (0.21%) Virtual Desktop
10 4 (0.16%) Apache ZooKeeper
11 3 (0.12%) Firmware
11 3 (0.12%) GridGain
11 3 (0.12%) NFS
12 2 (0.082%) Citrix Hypervisor
12 2 (0.082%) Oracle Clusterware
12 2 (0.082%) vSphere
13 1 (0.041%) vCloud
Systems Management
1 223 (9.16%) Kubernetes
2 80 (3.29%) Ansible
3 68 (2.79%) Terraform
4 32 (1.31%) Opscode Chef
5 26 (1.07%) Puppet
6 17 (0.70%) Prometheus
7 15 (0.62%) SCCM
8 12 (0.49%) Single Sign-On
9 10 (0.41%) ITRS Geneos
9 10 (0.41%) Tivoli
10 9 (0.37%) Control-M
10 9 (0.37%) Grafana
10 9 (0.37%) Netcool
11 8 (0.33%) BladeLogic
12 7 (0.29%) Foglight
12 7 (0.29%) FortiGate
13 6 (0.25%) HP ALM
13 6 (0.25%) Microsoft Intune
13 6 (0.25%) Netcool/OMNIbus
13 6 (0.25%) Netcool/Webtop
Vendors
1 244 (10.02%) Oracle
2 192 (7.89%) Google
3 141 (5.79%) Microsoft
4 70 (2.88%) Splunk
5 60 (2.47%) IBM
6 45 (1.85%) ION Trading
7 44 (1.81%) Sybase
8 42 (1.73%) Cisco
9 32 (1.31%) Bloomberg
10 31 (1.27%) VMware
11 29 (1.19%) Murex
12 26 (1.07%) AppDynamics
12 26 (1.07%) F5
13 24 (0.99%) Citrix
13 24 (0.99%) ServiceNow
14 23 (0.94%) Red Hat
15 22 (0.90%) MuleSoft
16 20 (0.82%) CA Agile Central
17 19 (0.78%) Atlassian
18 18 (0.74%) SunGard