Period
to 13 April 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 13 April 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
13 Apr 2021
Same period 2020 Same period 2019
Rank 21 41 22
Rank change year-on-year +20 -19 -7
Contract jobs citing Banking 3,554 2,977 6,801
As % of all contract jobs advertised in the UK 6.77% 4.97% 7.05%
As % of the General category 16.57% 13.29% 17.69%
Number of daily rates quoted 2,490 1,980 4,642
10th Percentile £360 £340 £355
25th Percentile £436 £425 £425
Median daily rate (50th Percentile) £550 £550 £550
75th Percentile £653 £650 £638
90th Percentile £738 £725 £700
UK excluding London median daily rate £425 £450 £450
% change year-on-year -5.56% - +5.88%
Number of hourly rates quoted 29 26 70
10th Percentile £12.07 £13.74 £10.82
25th Percentile £12.30 £15.75 £15.00
Median hourly rate £15.86 £18.70 £18.70
Median % change year-on-year -15.19% - +16.88%
75th Percentile £22.75 £21.00 £22.50
90th Percentile £24.00 £37.29 £36.07
UK excluding London median hourly rate £15.86 £15.84 £13.75
% change year-on-year +0.16% +15.16% -16.67%

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 21,454 22,408 38,450
As % of all contract IT jobs advertised in the UK 40.87% 37.41% 39.87%
Number of daily rates quoted 14,576 14,783 25,735
10th Percentile £306 £270 £300
25th Percentile £400 £386 £385
Median daily rate (50th Percentile) £500 £481 £484
Median % change year-on-year +4.00% -0.67% +1.89%
75th Percentile £600 £600 £588
90th Percentile £700 £688 £675
UK excluding London median daily rate £430 £445 £438
% change year-on-year -3.37% +1.71% +2.94%
Number of hourly rates quoted 771 709 933
10th Percentile £12.25 £12.44 £11.78
25th Percentile £15.04 £15.75 £14.75
Median hourly rate £24.00 £21.50 £20.86
Median % change year-on-year +11.63% +3.09% -0.69%
75th Percentile £44.39 £43.75 £41.00
90th Percentile £54.00 £52.50 £50.00
UK excluding London median hourly rate £21.50 £20.03 £20.00
% change year-on-year +7.37% +0.13% +5.26%

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 13 April 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 13 April 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 13 April 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 +24 3,032 £563 +2.27% 538
London +5 2,552 £583 +1.30% 387
Work from Home +26 798 £523 +7.18% 112
UK excluding London +42 636 £425 -5.56% 188
Scotland -2 210 £431 -17.86% 32
North of England +40 189 £450 - 71
North West +27 114 £450 +7.14% 31
Midlands +37 94 £363 +113.24% 27
Yorkshire +47 72 £450 -10.00% 29
East Midlands +29 55 £360 +308.16% 15
South East +13 50 £425 -15.00% 32
South West +31 42 £440 +10.00% 10
West Midlands +26 37 £394 -21.25% 12
Northern Ireland +13 32 £400 +6.67% 6
Wales +23 9 £433 -13.50% 2
East of England +35 7 £431 +5.18% 8
North East +16 3 £140 -68.89% 11
Channel Islands -1 3 - -

For the 6 months to 13 April 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 1,678 (47.21%) Finance
2 1,096 (30.84%) Agile Software Development
3 1,041 (29.29%) Java
4 908 (25.55%) Investment Banking
5 628 (17.67%) SQL
6 530 (14.91%) Front Office
7 505 (14.21%) DevOps
8 451 (12.69%) Python
9 397 (11.17%) Spring
10 380 (10.69%) Microservices
11 355 (9.99%) Azure
12 331 (9.31%) Scrum
13 326 (9.17%) Linux
14 323 (9.09%) C#
15 319 (8.98%) Oracle
16 318 (8.95%) Kubernetes
17 308 (8.67%) AWS
18 292 (8.22%) JIRA
19 291 (8.19%) Git (software)
20 290 (8.16%) Problem-Solving
21 289 (8.13%) Jenkins
21 289 (8.13%) Analytical Skills
22 286 (8.05%) TDD
23 283 (7.96%) JavaScript
24 275 (7.74%) Stakeholder Management
25 271 (7.63%) Docker
26 269 (7.57%) .NET
27 268 (7.54%) Test Automation
28 259 (7.29%) Foreign Exchange (FX)
29 258 (7.26%) GCP

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
1 140 (3.94%) Confluence
2 125 (3.52%) Apache Spark
3 89 (2.50%) Mule
4 66 (1.86%) Apache
5 58 (1.63%) Red Hat Fuse
6 51 (1.44%) SharePoint
7 38 (1.07%) Oracle Coherence
8 35 (0.98%) SAS
9 28 (0.79%) Elasticsearch
10 22 (0.62%) Cloud Foundry
10 22 (0.62%) JBoss
11 18 (0.51%) WebSphere
12 16 (0.45%) IIS
13 15 (0.42%) Tomcat
14 13 (0.37%) Apache Airflow
15 9 (0.25%) MS Exchange
15 9 (0.25%) SharePoint 2010
16 8 (0.23%) nginx
17 7 (0.20%) Exchange Server 2010
17 7 (0.20%) Skype for Business
Applications
1 92 (2.59%) Microsoft Excel
2 65 (1.83%) Microsoft Office
3 43 (1.21%) Microsoft PowerPoint
4 38 (1.07%) MS Visio
5 13 (0.37%) Microsoft Project
6 12 (0.34%) Spreadsheet
7 8 (0.23%) Chatbot
7 8 (0.23%) Sketch
8 5 (0.14%) InfoPath
9 4 (0.11%) Adobe Creative Suite
10 3 (0.084%) InVision
10 3 (0.084%) Photoshop
11 2 (0.056%) Adobe Illustrator
11 2 (0.056%) InDesign
12 1 (0.028%) Adobe Premiere
12 1 (0.028%) Figma
12 1 (0.028%) OmniGraffle
12 1 (0.028%) Open Workbench
12 1 (0.028%) UserZoom
12 1 (0.028%) Zeplin
Business Applications
1 17 (0.48%) Sentinel
2 15 (0.42%) Summit
3 12 (0.34%) ION MarketView
4 11 (0.31%) Temenos T24
5 8 (0.23%) Oracle EBS
5 8 (0.23%) Oracle Payables
6 7 (0.20%) Oracle FAH
6 7 (0.20%) Oracle Financials
6 7 (0.20%) Oracle General Ledger
6 7 (0.20%) Oracle Receivables
6 7 (0.20%) Oracle Subledger Accounting
6 7 (0.20%) SunGard Martini
7 6 (0.17%) Adobe Campaign
7 6 (0.17%) Dynamics CRM
7 6 (0.17%) Oracle Assets
7 6 (0.17%) Oracle E-Business Tax
7 6 (0.17%) Oracle Internet Expenses
7 6 (0.17%) Oracle iProcurement
7 6 (0.17%) SAP CO
7 6 (0.17%) SAP FI
Cloud Services
1 355 (9.99%) Azure
2 308 (8.67%) AWS
3 258 (7.26%) GCP
4 77 (2.17%) Microsoft 365
5 76 (2.14%) GitHub
6 73 (2.05%) PaaS
7 60 (1.69%) SaaS
8 56 (1.58%) Serverless
9 55 (1.55%) OpenShift
10 46 (1.29%) IaaS
11 29 (0.82%) Cloud Computing
12 28 (0.79%) Power Platform
13 24 (0.68%) Slack
14 23 (0.65%) AWS CloudFormation
14 23 (0.65%) Azure Functions
15 21 (0.59%) Amazon ECS
16 20 (0.56%) NuGet
17 18 (0.51%) Apigee
17 18 (0.51%) AWS Lambda
18 14 (0.39%) Virtual Private Cloud
Communications & Networking
1 95 (2.67%) Firewall
2 47 (1.32%) TCP/IP
3 37 (1.04%) Network Security
4 33 (0.93%) SSL
5 29 (0.82%) HTTP
6 28 (0.79%) VPN
7 24 (0.68%) DNS
7 24 (0.68%) Multicast
7 24 (0.68%) WAN
8 20 (0.56%) Internet
9 19 (0.53%) LAN
10 17 (0.48%) Kerberos
10 17 (0.48%) OSPF
11 15 (0.42%) ATM
12 13 (0.37%) BGP
12 13 (0.37%) FIX Connectivity
13 12 (0.34%) Cisco Nexus
13 12 (0.34%) NAS
13 12 (0.34%) SAN
13 12 (0.34%) Wireshark
Database & Business Intelligence
1 201 (5.66%) SQL Server
2 164 (4.61%) Relational Database
3 158 (4.45%) Big Data
4 129 (3.63%) NoSQL
5 115 (3.24%) Hadoop
6 104 (2.93%) Data Warehouse
7 99 (2.79%) MongoDB
8 54 (1.52%) RDBMS
9 51 (1.44%) Oracle Database
10 47 (1.32%) PostgreSQL
11 45 (1.27%) Apache Cassandra
12 44 (1.24%) BigQuery
13 41 (1.15%) SQL Server Integration Services
14 40 (1.13%) Apache Hive
14 40 (1.13%) Tableau
15 30 (0.84%) MySQL
16 27 (0.76%) HBase
16 27 (0.76%) Power BI
17 25 (0.70%) Oracle Database 12c
17 25 (0.70%) SQL Server Analysis Services
Development Applications
1 292 (8.22%) JIRA
2 291 (8.19%) Git (software)
3 289 (8.13%) Jenkins
4 137 (3.85%) Maven
5 99 (2.79%) Cucumber
6 90 (2.53%) TeamCity
7 75 (2.11%) Selenium
8 74 (2.08%) Bitbucket
9 64 (1.80%) Subversion
10 57 (1.60%) JUnit
11 52 (1.46%) Visual Studio
12 46 (1.29%) Sonatype Nexus
13 39 (1.10%) Artifactory
14 31 (0.87%) SonarQube
15 23 (0.65%) Gradle
15 23 (0.65%) Mockito
16 22 (0.62%) GitLab
17 21 (0.59%) Eclipse
17 21 (0.59%) IntelliJ
18 15 (0.42%) Atlassian Bamboo
General
1 1,678 (47.21%) Finance
2 908 (25.55%) Investment Banking
3 530 (14.91%) Front Office
4 216 (6.08%) Retail Banking
5 95 (2.67%) Retail
6 78 (2.19%) Financial Institution
7 51 (1.44%) Back Office
8 47 (1.32%) Marketing
9 46 (1.29%) Legal
10 40 (1.13%) International Banking
11 35 (0.98%) Corporate Banking
12 18 (0.51%) Telecoms
13 17 (0.48%) French Language
14 16 (0.45%) Private Banking
15 14 (0.39%) Law
16 13 (0.37%) Billing
17 11 (0.31%) Public Sector
17 11 (0.31%) Publishing
18 9 (0.25%) General Ledger
18 9 (0.25%) Wholesale Banking
Job Titles
1 1,257 (35.37%) Developer
2 569 (16.01%) Java Developer
3 469 (13.20%) Analyst
4 313 (8.81%) Architect
5 268 (7.54%) Business Analyst
6 241 (6.78%) Senior Developer
7 204 (5.74%) Project Manager
8 143 (4.02%) Consultant
9 139 (3.91%) Senior Java Developer
10 136 (3.83%) C# Developer
11 120 (3.38%) Banking Analyst
12 112 (3.15%) Front Office Developer
13 103 (2.90%) Solutions Architect
14 94 (2.64%) DevOps Engineer
15 91 (2.56%) Investment Banking Java Developer
16 79 (2.22%) .NET Developer
17 76 (2.14%) Banking Project Manager
18 73 (2.05%) Security Engineer
18 73 (2.05%) SQL Developer
19 71 (2.00%) Integration Developer
Libraries, Frameworks & Software Standards
1 397 (11.17%) Spring
2 269 (7.57%) .NET
3 219 (6.16%) Kafka
4 218 (6.13%) REST
5 206 (5.80%) Spring Boot
6 168 (4.73%) HTML
7 165 (4.64%) AngularJS
8 161 (4.53%) React
9 144 (4.05%) Middleware
10 117 (3.29%) HTML5
10 117 (3.29%) Web Services
11 104 (2.93%) Apache Camel
11 104 (2.93%) CSS
12 94 (2.64%) Node.js
13 93 (2.62%) RESTful
14 88 (2.48%) Hibernate
15 86 (2.42%) FIX Protocol
16 80 (2.25%) Spring Integration
17 73 (2.05%) .NET Core
18 64 (1.80%) XML
Miscellaneous
1 289 (8.13%) Analytical Skills
2 259 (7.29%) Foreign Exchange (FX)
3 183 (5.15%) Fixed Income
4 159 (4.47%) Derivative
5 132 (3.71%) User Experience
6 102 (2.87%) Data Structures
7 98 (2.76%) Equities
8 83 (2.34%) Mobile App
9 79 (2.22%) Credit Risk
10 74 (2.08%) Greenfield Project
11 67 (1.89%) Management Information System
12 65 (1.83%) Market Risk
13 58 (1.63%) Virtual Team
14 55 (1.55%) Enterprise Software
15 51 (1.44%) Data Centre
16 47 (1.32%) Public Cloud
17 45 (1.27%) Algorithms
18 40 (1.13%) Cloud Native
18 40 (1.13%) Self-Motivation
19 35 (0.98%) Mainframe
Operating Systems
1 326 (9.17%) Linux
2 232 (6.53%) Windows
3 175 (4.92%) Unix
4 49 (1.38%) Android
5 46 (1.29%) Windows Server
6 41 (1.15%) Red Hat Enterprise Linux
7 36 (1.01%) Windows 10
8 33 (0.93%) Apple iOS
9 14 (0.39%) Solaris
10 13 (0.37%) Windows 7
11 12 (0.34%) Windows Server 2016
12 11 (0.31%) Windows Server 2012
12 11 (0.31%) zOS
13 9 (0.25%) Windows Server 2008
14 8 (0.23%) AIX
15 6 (0.17%) Mac OS
15 6 (0.17%) VMS
16 5 (0.14%) Windows XP
17 4 (0.11%) CentOS
17 4 (0.11%) MVS
Processes & Methodologies
1 1,096 (30.84%) Agile Software Development
2 505 (14.21%) DevOps
3 380 (10.69%) Microservices
4 331 (9.31%) Scrum
5 290 (8.16%) Problem-Solving
6 286 (8.05%) TDD
7 275 (7.74%) Stakeholder Management
8 268 (7.54%) Test Automation
9 253 (7.12%) Multithreading
10 220 (6.19%) Risk Management
11 214 (6.02%) Change Management
12 209 (5.88%) Analytics
12 209 (5.88%) Cybersecurity
12 209 (5.88%) SDLC
13 202 (5.68%) Project Management
14 199 (5.60%) Software Engineering
15 198 (5.57%) Migration
16 193 (5.43%) BDD
17 178 (5.01%) Electronic Trading
17 178 (5.01%) Low Latency
Programming Languages
1 1,041 (29.29%) Java
2 628 (17.67%) SQL
3 451 (12.69%) Python
4 323 (9.09%) C#
5 283 (7.96%) JavaScript
6 174 (4.90%) C++
7 171 (4.81%) Scala
8 133 (3.74%) Java 8
9 94 (2.64%) PL/SQL
10 79 (2.22%) PowerShell
11 69 (1.94%) TypeScript
12 64 (1.80%) Kotlin
13 44 (1.24%) Shell Script
14 42 (1.18%) VBA
15 41 (1.15%) Perl
16 40 (1.13%) C
17 36 (1.01%) T-SQL
18 32 (0.90%) Groovy
19 30 (0.84%) Bash Shell
20 26 (0.73%) Go
Qualifications
1 204 (5.74%) Degree
2 44 (1.24%) Security Cleared
3 40 (1.13%) SC Cleared
4 39 (1.10%) Computer Science Degree
5 31 (0.87%) Cisco Certification
6 28 (0.79%) Numerate Degree
7 27 (0.76%) CISSP
8 24 (0.68%) CCNP
9 19 (0.53%) CISM
9 19 (0.53%) FFIEC
10 17 (0.48%) ISTQB
10 17 (0.48%) PMI Certification
11 14 (0.39%) ISEB
11 14 (0.39%) Master's Degree
11 14 (0.39%) PhD
11 14 (0.39%) TOGAF Certification
12 12 (0.34%) Microsoft Certification
12 12 (0.34%) PRINCE2 Certification
13 8 (0.23%) ACCA
13 8 (0.23%) PMP
Quality Assurance & Compliance
1 119 (3.35%) QA
2 53 (1.49%) PMO
3 49 (1.38%) NIST
4 46 (1.29%) Data Quality
5 37 (1.04%) ISO/IEC 27001
6 31 (0.87%) SLA
7 29 (0.82%) GDPR
8 26 (0.73%) MiFID
9 21 (0.59%) IFRS
10 20 (0.56%) PSD2
11 19 (0.53%) COBIT
12 18 (0.51%) PCI DSS
13 16 (0.45%) COREP
13 16 (0.45%) ISO 20022
14 14 (0.39%) IFRS 9
14 14 (0.39%) SEPA
15 13 (0.37%) Basel III
16 11 (0.31%) EMIR
17 10 (0.28%) Sarbanes-Oxley
18 9 (0.25%) FATCA
System Software
1 271 (7.63%) Docker
2 71 (2.00%) Active Directory
3 47 (1.32%) VMware Infrastructure
4 30 (0.84%) VMware ESXi
5 18 (0.51%) HDFS
6 14 (0.39%) Platform Symphony
7 11 (0.31%) Oracle RAC
7 11 (0.31%) vSphere
8 10 (0.28%) GridGain
8 10 (0.28%) VMware NSX
9 9 (0.25%) Virtual Machines
9 9 (0.25%) XenApp
10 7 (0.20%) Apache Flume
10 7 (0.20%) Microsoft App-V
10 7 (0.20%) Time Sharing Option
11 6 (0.17%) RACF
12 5 (0.14%) Hyper-V
12 5 (0.14%) Xen
12 5 (0.14%) XenDesktop
13 4 (0.11%) Veritas File System
Systems Management
1 318 (8.95%) Kubernetes
2 135 (3.80%) Terraform
3 129 (3.63%) Ansible
4 42 (1.18%) Puppet
5 37 (1.04%) Opscode Chef
6 20 (0.56%) Control-M
7 14 (0.39%) SCCM
8 12 (0.34%) ITRS Geneos
8 12 (0.34%) Prometheus
8 12 (0.34%) Salt
9 11 (0.31%) Grafana
9 11 (0.31%) Network Intrusion Detection System
10 10 (0.28%) Packer
11 9 (0.25%) Istio
11 9 (0.25%) vRealize Orchestrator
12 8 (0.23%) Kibana
12 8 (0.23%) PowerCLI
12 8 (0.23%) Tivoli Storage Manager
13 7 (0.20%) Argo
13 7 (0.20%) vRealize
Vendors
1 319 (8.98%) Oracle
2 196 (5.51%) Microsoft
3 162 (4.56%) Google
4 89 (2.50%) IBM
5 88 (2.48%) Splunk
6 72 (2.03%) VMware
7 50 (1.41%) Cisco
8 42 (1.18%) Atlassian
8 42 (1.18%) TIBCO
9 41 (1.15%) ION Trading
10 40 (1.13%) Red Hat
11 38 (1.07%) Sybase
12 37 (1.04%) MuleSoft
12 37 (1.04%) SAP
13 34 (0.96%) Citrix
14 32 (0.90%) Databricks
14 32 (0.90%) Murex
15 31 (0.87%) HP
15 31 (0.87%) Salesforce.com
16 20 (0.56%) Bloomberg