Period
to 24 January 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 24 January 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
24 Jan 2021
Same period 2020 Same period 2019
Rank 20 41 22
Rank change year-on-year +21 -19 -12
Contract jobs citing Banking 2,807 3,729 7,301
As % of all contract jobs advertised in the UK 6.72% 5.16% 7.33%
As % of the General category 16.61% 13.76% 18.28%
Number of daily rates quoted 2,407 2,563 5,200
Median daily rate £538 £550 £550
Median daily rate % change year-on-year -2.27% - +4.76%
10th Percentile £353 £325 £356
90th Percentile £715 £725 £713
UK excluding London median daily rate £425 £463 £450
% change year-on-year -8.11% +2.78% +9.09%
Number of hourly rates quoted 28 35 77
Median hourly rate £22.75 £20.00 £18.50
Median hourly rate % change year-on-year +13.75% +8.11% +23.33%
10th Percentile £15.04 £15.80 £10.00
90th Percentile £73.75 £46.00 £27.25
UK excluding London median hourly rate £15.86 £30.50 £13.28
% change year-on-year -48.00% +129.76% -19.55%

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 16,897 27,096 39,950
As % of all contract IT jobs advertised in the UK 40.45% 37.50% 40.11%
Number of daily rates quoted 11,407 17,856 26,634
Median daily rate £488 £475 £475
Median daily rate % change year-on-year +2.63% - +2.70%
10th Percentile £294 £269 £300
90th Percentile £694 £675 £675
UK excluding London median daily rate £425 £433 £425
% change year-on-year -1.77% +1.80% +3.66%
Number of hourly rates quoted 629 824 1,030
Median hourly rate £25.00 £20.00 £20.04
Median hourly rate % change year-on-year +25.00% -0.19% -3.52%
10th Percentile £12.50 £12.44 £11.85
90th Percentile £53.75 £50.00 £47.50
Median hourly rate £23.49 £19.00 £20.00
% change year-on-year +23.61% -5.00% -

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 24 January 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 24 January 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 24 January 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 +25 2,514 £550 - 504
London +4 2,161 £555 -3.48% 371
Work from Home +22 570 £500 -4.76% 98
UK excluding London +4 447 £425 -8.11% 170
North of England +34 162 £437 -2.80% 67
Scotland -21 106 £450 -12.20% 30
Yorkshire +62 81 £450 -10.00% 36
North West +11 78 £438 -2.72% 25
Midlands +48 77 £379 -5.19% 21
East Midlands +52 49 £360 +125.00% 12
South East -6 33 £405 -14.74% 24
Northern Ireland -1 30 £430 +1.18% 5
West Midlands +28 25 £475 -5.00% 9
South West +12 24 £413 -12.23% 12
East of England +34 9 £441 +10.16% 6
Wales +29 4 £360 -20.00% 1
North East +11 3 £283 -37.22% 6
Channel Islands 0 2 - - 1

For the 6 months to 24 January 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 1,399 (49.84%) Finance
2 873 (31.10%) Java
3 852 (30.35%) Agile Software Development
4 738 (26.29%) Investment Banking
5 520 (18.53%) SQL
6 518 (18.45%) Front Office
7 447 (15.92%) Python
8 374 (13.32%) DevOps
9 362 (12.90%) Microservices
10 293 (10.44%) AWS
11 291 (10.37%) C#
12 288 (10.26%) Azure
13 285 (10.15%) Spring
14 280 (9.98%) Kubernetes
15 266 (9.48%) Linux
16 261 (9.30%) Jenkins
17 257 (9.16%) Git (software)
18 256 (9.12%) JavaScript
19 255 (9.08%) Docker
20 248 (8.84%) TDD
21 243 (8.66%) GCP
22 238 (8.48%) JIRA
23 234 (8.34%) SQL Server
24 233 (8.30%) Foreign Exchange (FX)
25 232 (8.27%) Scrum
26 218 (7.77%) Fixed Income
27 215 (7.66%) Test Automation
28 213 (7.59%) Oracle
29 208 (7.41%) .NET
30 205 (7.30%) Software Engineering

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
1 109 (3.88%) Confluence
2 95 (3.38%) Mule
3 92 (3.28%) Apache Spark
4 71 (2.53%) Apache
5 61 (2.17%) Red Hat Fuse
6 40 (1.43%) SharePoint
7 34 (1.21%) Elasticsearch
8 29 (1.03%) JBoss
9 26 (0.93%) Cloud Foundry
10 16 (0.57%) SAS
11 15 (0.53%) Skype for Business
12 13 (0.46%) IIS
13 9 (0.32%) MTS
13 9 (0.32%) SharePoint 2010
13 9 (0.32%) WebSphere
14 8 (0.29%) CMS
15 7 (0.25%) MS Exchange
15 7 (0.25%) nginx
15 7 (0.25%) NServiceBus
16 6 (0.21%) MQSeries
Applications
1 80 (2.85%) Microsoft Excel
2 35 (1.25%) Microsoft Office
3 33 (1.18%) Microsoft PowerPoint
4 28 (1.00%) MS Visio
5 15 (0.53%) Spreadsheet
6 10 (0.36%) Microsoft Project
6 10 (0.36%) Sketch
7 6 (0.21%) InVision
8 5 (0.18%) InfoPath
9 3 (0.11%) Chatbot
9 3 (0.11%) Figma
10 1 (0.036%) Adobe Creative Suite
10 1 (0.036%) Adobe Premiere
10 1 (0.036%) Camtasia
10 1 (0.036%) OmniGraffle
10 1 (0.036%) Open Workbench
10 1 (0.036%) Photoshop
10 1 (0.036%) UserZoom
Business Applications
1 23 (0.82%) Temenos T24
2 22 (0.78%) ION MarketView
3 11 (0.39%) SunGard Martini
4 9 (0.32%) Bloomberg TOMS
4 9 (0.32%) Sentinel
5 6 (0.21%) HiPortfolio
5 6 (0.21%) Summit
6 5 (0.18%) SAP CO
6 5 (0.18%) SAP FI
6 5 (0.18%) SAP FI/CO
7 4 (0.14%) Dynamics CRM
7 4 (0.14%) Payment Gateway
7 4 (0.14%) SAP Bank Analyzer
7 4 (0.14%) SAP FS
8 3 (0.11%) Distributed Ledger
8 3 (0.11%) Endur
8 3 (0.11%) Hyperion Planning
8 3 (0.11%) RMDS
8 3 (0.11%) SAP IS-U
8 3 (0.11%) Sparx Enterprise Architect
Cloud Services
1 293 (10.44%) AWS
2 288 (10.26%) Azure
3 243 (8.66%) GCP
4 99 (3.53%) Serverless
5 88 (3.14%) GitHub
6 70 (2.49%) AWS Lambda
7 69 (2.46%) PaaS
8 56 (2.00%) Office 365
9 53 (1.89%) Apigee
10 51 (1.82%) IaaS
11 50 (1.78%) Amazon ECS
12 48 (1.71%) SaaS
13 43 (1.53%) OpenShift
14 29 (1.03%) Slack
15 28 (1.00%) Amazon EC2
16 25 (0.89%) Power Platform
17 24 (0.86%) Amazon S3
17 24 (0.86%) Azure Functions
18 22 (0.78%) AWS CloudFormation
19 19 (0.68%) Cloud Computing
Communications & Networking
1 76 (2.71%) Firewall
2 27 (0.96%) TCP/IP
3 26 (0.93%) Multicast
4 22 (0.78%) Internet
5 20 (0.71%) Network Security
6 19 (0.68%) VPN
7 18 (0.64%) WAN
8 15 (0.53%) DNS
8 15 (0.53%) Skype
8 15 (0.53%) SSL
9 14 (0.50%) FIX Connectivity
9 14 (0.50%) Wireshark
10 13 (0.46%) HTTP
10 13 (0.46%) LAN
11 11 (0.39%) HTTPS
11 11 (0.39%) Kerberos
12 10 (0.36%) DMZ
13 9 (0.32%) ATM
13 9 (0.32%) Wireless
14 8 (0.29%) SNMP
Database & Business Intelligence
1 234 (8.34%) SQL Server
2 140 (4.99%) Relational Database
3 104 (3.71%) Big Data
4 102 (3.63%) NoSQL
5 84 (2.99%) Data Warehouse
6 78 (2.78%) MySQL
7 74 (2.64%) MongoDB
8 71 (2.53%) Hadoop
9 63 (2.24%) PostgreSQL
10 58 (2.07%) SQL Server Integration Services
11 53 (1.89%) Oracle Database
12 49 (1.75%) RDBMS
13 39 (1.39%) Amazon Redshift
14 34 (1.21%) Apache Cassandra
15 31 (1.10%) SQL Server Analysis Services
15 31 (1.10%) SQL Server Reporting Services
16 30 (1.07%) Oracle Database 12c
17 27 (0.96%) Tableau
18 26 (0.93%) BigQuery
19 24 (0.86%) Power BI
Development Applications
1 261 (9.30%) Jenkins
2 257 (9.16%) Git (software)
3 238 (8.48%) JIRA
4 109 (3.88%) Maven
5 73 (2.60%) Cucumber
5 73 (2.60%) TeamCity
6 69 (2.46%) Subversion
7 59 (2.10%) JUnit
8 56 (2.00%) Artifactory
9 53 (1.89%) Selenium
10 52 (1.85%) GitLab
11 48 (1.71%) Sonatype Nexus
12 35 (1.25%) Bitbucket
13 28 (1.00%) Visual Studio
14 24 (0.86%) Mockito
15 23 (0.82%) SonarQube
16 22 (0.78%) Atlassian Bamboo
17 20 (0.71%) Hudson
18 19 (0.68%) Eclipse
18 19 (0.68%) jMock
General
1 1,399 (49.84%) Finance
2 738 (26.29%) Investment Banking
3 518 (18.45%) Front Office
4 160 (5.70%) Retail Banking
5 67 (2.39%) Financial Institution
5 67 (2.39%) Retail
6 54 (1.92%) Back Office
7 37 (1.32%) International Banking
8 35 (1.25%) Marketing
9 26 (0.93%) Corporate Banking
9 26 (0.93%) Legal
10 18 (0.64%) French Language
11 17 (0.61%) Private Banking
12 16 (0.57%) Telecoms
13 10 (0.36%) Law
14 9 (0.32%) Advertising
15 8 (0.29%) Billing
15 8 (0.29%) Public Sector
15 8 (0.29%) Publishing
16 6 (0.21%) Automotive
Job Titles
1 1,103 (39.29%) Developer
2 445 (15.85%) Java Developer
3 370 (13.18%) Analyst
4 247 (8.80%) Architect
5 207 (7.37%) Senior Developer
6 202 (7.20%) Business Analyst
7 122 (4.35%) Project Manager
8 118 (4.20%) Senior Java Developer
9 105 (3.74%) C# Developer
10 101 (3.60%) Consultant
11 94 (3.35%) Solutions Architect
12 84 (2.99%) Front Office Developer
13 82 (2.92%) SQL Developer
14 79 (2.81%) DevOps Engineer
15 71 (2.53%) Banking Analyst
16 68 (2.42%) JavaScript Developer
17 67 (2.39%) .NET Developer
17 67 (2.39%) AWS Developer
18 66 (2.35%) Integration Developer
19 64 (2.28%) Java Engineer
Libraries, Frameworks & Software Standards
1 285 (10.15%) Spring
2 208 (7.41%) .NET
3 200 (7.13%) REST
4 199 (7.09%) Web Services
5 158 (5.63%) React
6 154 (5.49%) AngularJS
7 147 (5.24%) Spring Boot
8 143 (5.09%) Kafka
9 134 (4.77%) Middleware
10 122 (4.35%) HTML
11 107 (3.81%) Node.js
12 101 (3.60%) Apache Camel
13 87 (3.10%) CSS
14 82 (2.92%) Spring Integration
15 75 (2.67%) HTML5
16 70 (2.49%) XML
17 69 (2.46%) JSON
18 51 (1.82%) WPF
19 50 (1.78%) Swagger
20 49 (1.75%) Hibernate
Miscellaneous
1 233 (8.30%) Foreign Exchange (FX)
2 218 (7.77%) Fixed Income
3 181 (6.45%) Analytical Skills
4 154 (5.49%) Derivative
5 133 (4.74%) Equities
6 96 (3.42%) User Experience
7 92 (3.28%) Hedge funds
8 83 (2.96%) Mobile App
9 63 (2.24%) Greenfield Project
10 58 (2.07%) Credit Risk
11 53 (1.89%) Management Information System
12 49 (1.75%) Data Structures
13 48 (1.71%) Virtual Team
14 39 (1.39%) Data Centre
15 38 (1.35%) Mobile Banking
16 37 (1.32%) Public Cloud
17 36 (1.28%) Enterprise Software
18 35 (1.25%) Market Risk
19 32 (1.14%) Algorithms
20 28 (1.00%) Self-Motivation
Operating Systems
1 266 (9.48%) Linux
2 202 (7.20%) Windows
3 149 (5.31%) Unix
4 63 (2.24%) Android
5 47 (1.67%) Apple iOS
6 38 (1.35%) Windows Server
7 34 (1.21%) Windows 10
8 27 (0.96%) Red Hat Enterprise Linux
9 17 (0.61%) Windows Server 2012
10 15 (0.53%) Windows Server 2016
11 11 (0.39%) Windows 7
12 10 (0.36%) Windows Server 2008
13 8 (0.29%) AIX
13 8 (0.29%) zOS
14 7 (0.25%) Solaris
14 7 (0.25%) Windows Server 2019
15 5 (0.18%) Mac OS
16 4 (0.14%) Windows XP
17 3 (0.11%) VMS
18 2 (0.071%) CentOS
Processes & Methodologies
1 852 (30.35%) Agile Software Development
2 374 (13.32%) DevOps
3 362 (12.90%) Microservices
4 248 (8.84%) TDD
5 232 (8.27%) Scrum
6 215 (7.66%) Test Automation
7 205 (7.30%) Software Engineering
8 203 (7.23%) Change Management
9 196 (6.98%) Multithreading
10 194 (6.91%) Problem-Solving
11 182 (6.48%) Stakeholder Management
12 163 (5.81%) BDD
13 158 (5.63%) Migration
14 156 (5.56%) Digital Transformation Programme
15 154 (5.49%) Electronic Trading
16 153 (5.45%) Risk Management
17 146 (5.20%) Low Latency
18 143 (5.09%) Project Management
19 142 (5.06%) SDLC
20 139 (4.95%) Analytics
Programming Languages
1 873 (31.10%) Java
2 520 (18.53%) SQL
3 447 (15.92%) Python
4 291 (10.37%) C#
5 256 (9.12%) JavaScript
6 138 (4.92%) C++
7 110 (3.92%) Scala
8 105 (3.74%) Kotlin
9 82 (2.92%) Java 8
10 76 (2.71%) PowerShell
11 53 (1.89%) TypeScript
12 47 (1.67%) VBA
13 44 (1.57%) PL/SQL
14 39 (1.39%) Perl
15 33 (1.18%) Shell Script
16 30 (1.07%) T-SQL
17 29 (1.03%) Bash Shell
18 28 (1.00%) C
19 26 (0.93%) Groovy
20 24 (0.86%) Go
Qualifications
1 138 (4.92%) Degree
2 39 (1.39%) Computer Science Degree
3 37 (1.32%) Security Cleared
4 35 (1.25%) SC Cleared
5 27 (0.96%) Numerate Degree
6 20 (0.71%) CISSP
6 20 (0.71%) TOGAF Certification
7 16 (0.57%) Cisco Certification
8 13 (0.46%) CISM
9 12 (0.43%) Master's Degree
10 11 (0.39%) CCNP
10 11 (0.39%) ISTQB
10 11 (0.39%) PhD
10 11 (0.39%) PRINCE2 Certification
10 11 (0.39%) Sun Certification
11 10 (0.36%) ISEB
12 8 (0.29%) FFIEC
12 8 (0.29%) PMI Certification
12 8 (0.29%) PMP
13 7 (0.25%) Microsoft Certification
Quality Assurance & Compliance
1 64 (2.28%) QA
2 42 (1.50%) PMO
3 39 (1.39%) NIST
4 33 (1.18%) Data Quality
5 23 (0.82%) SLA
6 17 (0.61%) COREP
6 17 (0.61%) ISO/IEC 27001
7 16 (0.57%) PSD2
8 15 (0.53%) GDPR
9 14 (0.50%) MiFID
10 11 (0.39%) COBIT
10 11 (0.39%) IFRS
11 10 (0.36%) Basel III
11 10 (0.36%) PCI DSS
12 8 (0.29%) SEPA
13 7 (0.25%) ISO 20022
13 7 (0.25%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
13 7 (0.25%) Sarbanes-Oxley
13 7 (0.25%) TARGET2
14 6 (0.21%) FINREP
System Software
1 255 (9.08%) Docker
2 69 (2.46%) Active Directory
3 34 (1.21%) VMware Infrastructure
4 20 (0.71%) VMware ESXi
5 12 (0.43%) Virtual Machines
6 9 (0.32%) HDFS
6 9 (0.32%) XenApp
7 8 (0.29%) Time Sharing Option
7 8 (0.29%) vSphere
8 7 (0.25%) Oracle RAC
8 7 (0.25%) XenDesktop
9 6 (0.21%) Microsoft App-V
10 4 (0.14%) Apache Flume
10 4 (0.14%) NFS
11 3 (0.11%) Apache ZooKeeper
11 3 (0.11%) BitLocker
11 3 (0.11%) GridGain
11 3 (0.11%) Hyper-V
11 3 (0.11%) Xen
12 2 (0.071%) ProxySG
Systems Management
1 280 (9.98%) Kubernetes
2 115 (4.10%) Terraform
3 106 (3.78%) Ansible
4 41 (1.46%) Opscode Chef
5 35 (1.25%) Puppet
6 20 (0.71%) Prometheus
7 18 (0.64%) SCCM
8 14 (0.50%) Grafana
9 13 (0.46%) ITRS Geneos
10 12 (0.43%) Control-M
10 12 (0.43%) Single Sign-On
11 11 (0.39%) Salt
12 10 (0.36%) Tivoli
13 9 (0.32%) Foglight
13 9 (0.32%) Netcool
14 7 (0.25%) BladeLogic
15 6 (0.21%) HP ALM
15 6 (0.21%) Netcool/OMNIbus
15 6 (0.21%) Netcool/Webtop
15 6 (0.21%) Packer
Vendors
1 213 (7.59%) Oracle
2 151 (5.38%) Google
3 143 (5.09%) Microsoft
4 81 (2.89%) Splunk
5 62 (2.21%) IBM
6 47 (1.67%) VMware
7 45 (1.60%) Cisco
8 44 (1.57%) ION Trading
9 42 (1.50%) Murex
10 41 (1.46%) Sybase
11 35 (1.25%) Atlassian
12 31 (1.10%) Red Hat
13 30 (1.07%) AppDynamics
14 28 (1.00%) Citrix
15 24 (0.86%) HP
15 24 (0.86%) MuleSoft
16 23 (0.82%) Bloomberg
17 20 (0.71%) Salesforce.com
18 18 (0.64%) F5
18 18 (0.64%) SAP