Period
to 29 November 2021

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 29 November 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
UK
6 months to
29 Nov 2021
Same period 2020 Same period 2019
Rank 23 21 32
Rank change year-on-year -2 +11 -8
Contract jobs citing Banking 6,010 2,601 4,656
As % of all contract jobs advertised in the UK 6.79% 7.21% 5.69%
As % of the General category 12.75% 13.72% 11.18%
Number of daily rates quoted 4,262 1,907 3,171
10th Percentile £413 £360 £330
25th Percentile £506 £450 £431
Median daily rate (50th Percentile) £600 £550 £550
Median % change year-on-year +9.09% - -
75th Percentile £700 £668 £644
90th Percentile £781 £750 £725
UK excluding London median daily rate £488 £405 £463
% change year-on-year +20.49% -12.43% +5.71%
Number of hourly rates quoted 54 16 41
10th Percentile £11.74 " £15.79
25th Percentile £12.30 £15.04 £16.50
Median hourly rate £15.54 £19.50 £21.00
Median % change year-on-year -20.33% -7.14% +12.30%
75th Percentile £40.19 £23.00 £22.00
90th Percentile £64.25 £24.00 £46.00
UK excluding London median hourly rate £15.25 £15.86 £30.50
% change year-on-year -3.85% -48.00% +134.62%

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 47,125 18,963 41,654
As % of all contract IT jobs advertised in the UK 53.25% 52.54% 50.92%
Number of daily rates quoted 32,304 12,802 27,056
10th Percentile £308 £263 £250
25th Percentile £413 £375 £363
Median daily rate (50th Percentile) £525 £475 £475
Median % change year-on-year +10.53% - +2.15%
75th Percentile £625 £588 £575
90th Percentile £725 £688 £663
UK excluding London median daily rate £450 £425 £425
% change year-on-year +5.88% - -
Number of hourly rates quoted 1,412 707 1,500
10th Percentile £12.25 £11.22 £11.26
25th Percentile £13.25 £15.00 £14.23
Median hourly rate £19.50 £22.50 £18.90
Median % change year-on-year -13.33% +19.05% +5.00%
75th Percentile £43.00 £43.19 £38.75
90th Percentile £58.75 £52.50 £50.00
UK excluding London median hourly rate £17.26 £20.42 £17.50
% change year-on-year -15.49% +16.67% -

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 29 November 2021.

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 29 November 2021.

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 29 November 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
England -2 5,085 £617 +10.29% 768
London -1 4,381 £625 +8.70% 589
Work from Home -8 1,363 £600 +20.00% 136
UK excluding London +20 868 £488 +20.49% 231
Scotland +37 281 £493 +19.52% 42
North of England -46 177 £495 +19.28% 89
South East +17 145 £525 +16.67% 34
Midlands -16 132 £450 +22.45% 23
North West -36 98 £500 +24.22% 47
East Midlands -8 73 £450 +42.86% 12
Yorkshire -37 72 £475 +5.56% 30
South West -4 68 £500 +33.33% 17
West Midlands -20 59 £450 -5.26% 11
Northern Ireland -2 36 £475 +12.03% 8
East of England -35 20 £350 -20.00% 11
Wales -21 13 £475 +31.94% 6
North East -5 7 £419 +48.23% 12
Channel Islands -3 1 £700 -

For the 6 months to 29 November 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 with a requirement for Banking.

1 3,018 (50.22%) Finance
2 1,974 (32.85%) Agile Software Development
3 1,781 (29.63%) Investment Banking
4 1,511 (25.14%) Java
5 1,297 (21.58%) Social Skills
6 1,196 (19.90%) SQL
7 846 (14.08%) DevOps
8 781 (13.00%) Python
9 776 (12.91%) Azure
10 618 (10.28%) Front Office
11 570 (9.48%) Microservices
12 569 (9.47%) Scrum
13 556 (9.25%) C#
14 553 (9.20%) JIRA
15 546 (9.08%) JavaScript
16 540 (8.99%) AWS
17 539 (8.97%) Oracle
18 526 (8.75%) Microsoft
19 521 (8.67%) .NET
20 518 (8.62%) Spring
21 517 (8.60%) Stakeholder Management
22 506 (8.42%) Linux
23 480 (7.99%) Jenkins
24 475 (7.90%) Kubernetes
25 456 (7.59%) Git (software)
26 451 (7.50%) Windows
27 448 (7.45%) Analytical Skills
28 432 (7.19%) Test Automation
29 418 (6.96%) Migration
30 414 (6.89%) Problem-Solving

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
1 238 (3.96%) Confluence
2 224 (3.73%) Apache Spark
3 90 (1.50%) Apache
4 89 (1.48%) SharePoint
5 77 (1.28%) Mule
6 57 (0.95%) WebSphere
7 49 (0.82%) SAS
8 46 (0.77%) IIS
9 41 (0.68%) Elasticsearch
10 40 (0.67%) Tomcat
11 36 (0.60%) JBoss
12 32 (0.53%) Red Hat Fuse
13 27 (0.45%) WebLogic
14 26 (0.43%) Cloud Foundry
15 19 (0.32%) Appian
15 19 (0.32%) Jupyter
16 18 (0.30%) Oracle Coherence
16 18 (0.30%) Oracle Workflow
17 16 (0.27%) nginx
18 15 (0.25%) Oracle SOA Suite
Applications
1 233 (3.88%) Microsoft Excel
2 118 (1.96%) Microsoft Office
3 104 (1.73%) Microsoft PowerPoint
4 68 (1.13%) MS Visio
5 46 (0.77%) Microsoft Project
6 35 (0.58%) Sketch
7 24 (0.40%) InVision
8 23 (0.38%) Spreadsheet
9 20 (0.33%) Chatbot
10 14 (0.23%) Adobe Creative Suite
11 13 (0.22%) Adobe Illustrator
12 12 (0.20%) Photoshop
13 8 (0.13%) Figma
14 3 (0.050%) InDesign
15 2 (0.033%) Adobe After Effects
15 2 (0.033%) Adobe Premiere
15 2 (0.033%) Adobe XD
16 1 (0.017%) Acrobat
16 1 (0.017%) SPSS
16 1 (0.017%) Zeplin
Business Applications
1 37 (0.62%) SunGard Martini
2 29 (0.48%) ION MarketView
3 12 (0.20%) SAP S/4HANA
4 11 (0.18%) Dynamics CRM
4 11 (0.18%) Markit EDM
4 11 (0.18%) Sentinel
5 10 (0.17%) Loan IQ
6 9 (0.15%) Oracle Subledger Accounting
6 9 (0.15%) SAP FI
7 8 (0.13%) Oracle General Ledger
7 8 (0.13%) SAP CO
7 8 (0.13%) SAP FI/CO
7 8 (0.13%) Temenos T24
8 7 (0.12%) FLEXCUBE
8 7 (0.12%) Oracle BPM
8 7 (0.12%) Summit
9 5 (0.083%) BASE24
9 5 (0.083%) OneSumX
10 4 (0.067%) Distributed Ledger
10 4 (0.067%) Misys Midas
Cloud Services
1 776 (12.91%) Azure
2 540 (8.99%) AWS
3 380 (6.32%) GCP
4 149 (2.48%) GitHub
5 111 (1.85%) OpenShift
6 92 (1.53%) Microsoft 365
7 87 (1.45%) SaaS
8 75 (1.25%) Power Platform
9 74 (1.23%) PaaS
10 72 (1.20%) Serverless
11 69 (1.15%) IaaS
12 58 (0.97%) Apigee
13 53 (0.88%) Cloud Computing
14 50 (0.83%) Azure Data Factory
15 47 (0.78%) Azure Synapse Analytics
15 47 (0.78%) Collibra
16 31 (0.52%) AWS Lambda
16 31 (0.52%) npm
17 30 (0.50%) AWS CloudFormation
17 30 (0.50%) Azure Active Directory
Communications & Networking
1 112 (1.86%) Firewall
2 92 (1.53%) TCP/IP
3 60 (1.00%) Network Security
4 55 (0.92%) Internet
5 53 (0.88%) DNS
6 46 (0.77%) Kerberos
7 44 (0.73%) SSL
8 38 (0.63%) HTTP
9 36 (0.60%) SAN
10 34 (0.57%) LAN
11 30 (0.50%) WAN
12 29 (0.48%) DHCP
13 23 (0.38%) NAS
14 22 (0.37%) Unified Communications
15 21 (0.35%) VPN
16 20 (0.33%) Multicast
17 19 (0.32%) ATM
17 19 (0.32%) Wireless
18 17 (0.28%) BGP
18 17 (0.28%) Intranet
Database & Business Intelligence
1 367 (6.11%) SQL Server
2 312 (5.19%) Relational Database
3 282 (4.69%) Big Data
4 177 (2.95%) MongoDB
5 176 (2.93%) Data Warehouse
6 174 (2.90%) NoSQL
7 165 (2.75%) Oracle Database
8 152 (2.53%) Hadoop
9 106 (1.76%) Apache Hive
10 98 (1.63%) PostgreSQL
11 87 (1.45%) RDBMS
12 85 (1.41%) Metadata
13 74 (1.23%) Data Lake
14 68 (1.13%) MySQL
15 66 (1.10%) Power BI
16 63 (1.05%) Oracle Database 12c
17 60 (1.00%) HBase
18 56 (0.93%) DB2
18 56 (0.93%) Tableau
19 54 (0.90%) SQL Server Integration Services
Development Applications
1 553 (9.20%) JIRA
2 480 (7.99%) Jenkins
3 456 (7.59%) Git (software)
4 223 (3.71%) TeamCity
5 215 (3.58%) Maven
6 129 (2.15%) Selenium
6 129 (2.15%) Subversion
7 120 (2.00%) Bitbucket
8 110 (1.83%) Cucumber
9 88 (1.46%) GitLab
9 88 (1.46%) Visual Studio
10 74 (1.23%) Gradle
11 65 (1.08%) JUnit
12 63 (1.05%) Sonatype Nexus
13 59 (0.98%) Artifactory
14 52 (0.87%) Hudson
15 41 (0.68%) SonarQube
16 40 (0.67%) Robot Framework
17 36 (0.60%) Jasmine
18 34 (0.57%) webpack
General
1 3,018 (50.22%) Finance
2 1,781 (29.63%) Investment Banking
3 1,297 (21.58%) Social Skills
4 618 (10.28%) Front Office
5 448 (7.45%) Analytical Skills
6 374 (6.22%) Retail Banking
7 186 (3.09%) Retail
8 158 (2.63%) Presentation Skills
9 147 (2.45%) Legal
10 115 (1.91%) Financial Institution
11 100 (1.66%) Back Office
12 94 (1.56%) Organisational Skills
13 81 (1.35%) Corporate Banking
14 80 (1.33%) Influencing Skills
15 72 (1.20%) Marketing
16 69 (1.15%) Documentation Skills
17 44 (0.73%) International Banking
18 34 (0.57%) Telecoms
19 33 (0.55%) Public Sector
20 31 (0.52%) General Ledger
Job Titles
1 1,904 (31.68%) Developer
2 839 (13.96%) Analyst
3 685 (11.40%) Java Developer
4 671 (11.16%) Architect
5 499 (8.30%) Business Analyst
6 360 (5.99%) Project Manager
7 324 (5.39%) Senior Developer
8 285 (4.74%) Banking Analyst
9 284 (4.73%) Solutions Architect
10 236 (3.93%) Consultant
11 205 (3.41%) C# Developer
12 181 (3.01%) Senior Java Developer
13 149 (2.48%) Python Developer
14 142 (2.36%) Data Engineer
15 137 (2.28%) Banking Business Analyst
16 131 (2.18%) Designer
17 122 (2.03%) Full Stack Developer
18 120 (2.00%) C++ Developer
18 120 (2.00%) DevOps Engineer
19 114 (1.90%) React Developer
Libraries, Frameworks & Software Standards
1 521 (8.67%) .NET
2 518 (8.62%) Spring
3 355 (5.91%) React
4 334 (5.56%) AngularJS
5 311 (5.17%) HTML
6 305 (5.07%) Spring Boot
7 303 (5.04%) REST
8 301 (5.01%) Kafka
9 241 (4.01%) RESTful
10 212 (3.53%) CSS
11 208 (3.46%) Node.js
12 197 (3.28%) Middleware
12 197 (3.28%) XML
13 171 (2.85%) .NET Framework
14 164 (2.73%) Web Services
15 149 (2.48%) JSON
16 133 (2.21%) HTML5
17 128 (2.13%) Hibernate
18 109 (1.81%) .NET Core
19 90 (1.50%) ASP.NET
Miscellaneous
1 377 (6.27%) Foreign Exchange (FX)
2 344 (5.72%) Fixed Income
3 278 (4.63%) Derivative
4 264 (4.39%) User Experience
5 181 (3.01%) Equities
6 172 (2.86%) Data Protection Act
7 150 (2.50%) Data Structures
8 143 (2.38%) Credit Risk
9 137 (2.28%) Algorithms
10 120 (2.00%) Mobile App
11 119 (1.98%) Greenfield Project
12 101 (1.68%) Management Information System
13 92 (1.53%) Public Cloud
14 88 (1.46%) Cloud Native
14 88 (1.46%) Virtual Team
15 84 (1.40%) Market Risk
16 70 (1.16%) Enterprise Software
16 70 (1.16%) Self-Motivation
17 66 (1.10%) Legacy Systems
18 61 (1.01%) Data Centre
Operating Systems
1 506 (8.42%) Linux
2 451 (7.50%) Windows
3 350 (5.82%) Unix
4 98 (1.63%) Apple iOS
5 88 (1.46%) Windows Server
6 85 (1.41%) Red Hat Enterprise Linux
7 79 (1.31%) Android
8 45 (0.75%) Windows 10
9 29 (0.48%) Solaris
10 25 (0.42%) Windows Server 2008
11 23 (0.38%) Windows Server 2016
12 22 (0.37%) Windows Server 2012
13 18 (0.30%) Windows 7
14 14 (0.23%) Windows Server 2019
15 13 (0.22%) AIX
16 10 (0.17%) Mac OS
17 9 (0.15%) VMS
18 8 (0.13%) Ubuntu
18 8 (0.13%) zOS
19 5 (0.083%) HPUX
Processes & Methodologies
1 1,974 (32.85%) Agile Software Development
2 846 (14.08%) DevOps
3 570 (9.48%) Microservices
4 569 (9.47%) Scrum
5 517 (8.60%) Stakeholder Management
6 432 (7.19%) Test Automation
7 418 (6.96%) Migration
8 414 (6.89%) Problem-Solving
9 400 (6.66%) Analytics
10 391 (6.51%) TDD
11 361 (6.01%) Change Management
12 360 (5.99%) Multithreading
13 347 (5.77%) Software Engineering
14 332 (5.52%) Project Management
15 319 (5.31%) SDLC
16 297 (4.94%) Data Modelling
17 280 (4.66%) Full Stack Development
18 267 (4.44%) Continuous Integration
18 267 (4.44%) Electronic Trading
19 253 (4.21%) Data Analysis
Programming Languages
1 1,511 (25.14%) Java
2 1,196 (19.90%) SQL
3 781 (13.00%) Python
4 556 (9.25%) C#
5 546 (9.08%) JavaScript
6 285 (4.74%) C++
7 227 (3.78%) Java 8
8 215 (3.58%) Scala
9 199 (3.31%) TypeScript
10 156 (2.60%) PowerShell
11 126 (2.10%) Shell Script
12 125 (2.08%) PL/SQL
13 89 (1.48%) VBA
14 77 (1.28%) Bash Shell
14 77 (1.28%) T-SQL
15 74 (1.23%) C
16 61 (1.01%) Kotlin
17 57 (0.95%) Perl
18 56 (0.93%) VB
19 47 (0.78%) VB.NET
Qualifications
1 293 (4.88%) Degree
2 83 (1.38%) Computer Science Degree
3 56 (0.93%) CISSP
4 54 (0.90%) Security Cleared
5 43 (0.72%) SC Cleared
6 36 (0.60%) CISM
7 31 (0.52%) Cisco Certification
8 30 (0.50%) CISA
8 30 (0.50%) PMI Certification
9 27 (0.45%) CRISC
9 27 (0.45%) Master's Degree
10 23 (0.38%) PMP
11 22 (0.37%) ITIL Certification
12 20 (0.33%) CIMA
12 20 (0.33%) Microsoft Certification
13 19 (0.32%) CCNP
14 18 (0.30%) CGEIT
15 17 (0.28%) PRINCE2 Certification
16 16 (0.27%) CCIE
17 14 (0.23%) CCNA
Quality Assurance & Compliance
1 257 (4.28%) QA
2 130 (2.16%) Data Quality
3 128 (2.13%) PMO
4 107 (1.78%) GDPR
5 98 (1.63%) MiFID
6 67 (1.11%) IFRS
7 55 (0.92%) Accessibility
8 42 (0.70%) EMIR
9 32 (0.53%) IFRS 9
9 32 (0.53%) ISO/IEC 27001
9 32 (0.53%) SLA
10 31 (0.52%) ISO 20022
11 28 (0.47%) GAAP
11 28 (0.47%) Sarbanes-Oxley
12 24 (0.40%) Dodd-Frank
13 21 (0.35%) Basel III
13 21 (0.35%) FINREP
13 21 (0.35%) NIST
14 20 (0.33%) GRC
15 18 (0.30%) Basel II
System Software
1 403 (6.71%) Docker
2 167 (2.78%) Active Directory
3 81 (1.35%) VMware Infrastructure
4 38 (0.63%) VMware ESXi
5 34 (0.57%) HDFS
6 19 (0.32%) Virtual Machines
7 16 (0.27%) vSphere
8 15 (0.25%) Virtual Desktop
9 13 (0.22%) Active Directory Lightweight Directory Services
9 13 (0.22%) Oracle RAC
10 11 (0.18%) Apache ZooKeeper
11 9 (0.15%) Hyper-V
11 9 (0.15%) NFS
11 9 (0.15%) OpenAM
12 7 (0.12%) Platform Symphony
12 7 (0.12%) SRDF
13 6 (0.100%) BitLocker
14 5 (0.083%) KVM
14 5 (0.083%) XenApp
15 4 (0.067%) Xen
Systems Management
1 475 (7.90%) Kubernetes
2 259 (4.31%) Ansible
3 184 (3.06%) Terraform
4 73 (1.21%) Puppet
5 42 (0.70%) BladeLogic
6 37 (0.62%) Opscode Chef
7 35 (0.58%) Control-M
7 35 (0.58%) SCCM
8 32 (0.53%) Active Directory Federation Services
9 31 (0.52%) ITRS Geneos
9 31 (0.52%) Kibana
10 25 (0.42%) Grafana
11 16 (0.27%) Data Guard
12 15 (0.25%) HP Quality Center
12 15 (0.25%) Microsoft Intune
12 15 (0.25%) Prometheus
13 14 (0.23%) Istio
14 12 (0.20%) Nagios
14 12 (0.20%) Netcool
14 12 (0.20%) QRadar
Vendors
1 539 (8.97%) Oracle
2 526 (8.75%) Microsoft
3 152 (2.53%) Google
4 141 (2.35%) IBM
5 119 (1.98%) VMware
6 108 (1.80%) Splunk
7 97 (1.61%) Cisco
7 97 (1.61%) Databricks
8 90 (1.50%) ION Trading
9 76 (1.26%) SAP
10 69 (1.15%) Informatica
10 69 (1.15%) Sybase
10 69 (1.15%) TIBCO
11 67 (1.11%) ServiceNow
12 65 (1.08%) Red Hat
13 62 (1.03%) Salesforce.com
14 61 (1.01%) Citrix
15 58 (0.97%) Bloomberg
16 56 (0.93%) MuleSoft
17 55 (0.92%) Cloudera