Banking
UK

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 7 December 2023 with a comparison to the same period over the previous 2 years.

6 months to
7 Dec 2023
Same period 2022 Same period 2021
Rank 24 22 27
Rank change year-on-year -2 +5 -5
Contract jobs citing Banking 3,246 6,324 6,054
As % of all contract jobs advertised in the UK 7.23% 8.24% 6.76%
As % of the General category 12.15% 13.92% 12.64%
Number of daily rates quoted 2,138 4,000 4,278
10th Percentile £400 £425 £413
25th Percentile £508 £513 £506
Median daily rate (50th Percentile) £613 £650 £600
Median % change year-on-year -5.77% +8.33% +9.09%
75th Percentile £750 £763 £700
90th Percentile £848 £838 £788
UK excluding London median daily rate £550 £525 £485
% change year-on-year +4.76% +8.25% +19.75%
Number of hourly rates quoted 22 16 51
10th Percentile £15.72 £14.78 £12.30
25th Percentile £17.12 £16.75 £12.40
Median hourly rate £18.50 £23.00 £15.86
Median % change year-on-year -19.57% +45.02% -16.53%
75th Percentile £28.50 £46.00 £37.38
90th Percentile £51.75 £52.00 £65.00
UK excluding London median hourly rate £18.50 £18.37 £15.25
% change year-on-year +0.74% +20.43% -3.85%

All General Skills
UK

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.

Contract vacancies with a requirement for common skills 26,723 45,446 47,889
As % of all contract IT jobs advertised in the UK 59.54% 59.19% 53.46%
Number of daily rates quoted 17,712 31,074 32,877
10th Percentile £281 £315 £310
25th Percentile £420 £446 £413
Median daily rate (50th Percentile) £550 £550 £525
Median % change year-on-year - +4.76% +10.53%
75th Percentile £650 £663 £625
90th Percentile £750 £763 £725
UK excluding London median daily rate £500 £500 £450
% change year-on-year - +11.11% +5.88%
Number of hourly rates quoted 1,106 1,212 1,428
10th Percentile £14.25 £13.41 £12.25
25th Percentile £16.84 £16.29 £13.25
Median hourly rate £31.86 £25.00 £19.52
Median % change year-on-year +27.42% +28.07% -13.24%
75th Percentile £58.75 £58.75 £43.00
90th Percentile £71.28 £70.00 £58.75
UK excluding London median hourly rate £30.00 £22.00 £17.25
% change year-on-year +36.36% +27.54% -18.05%

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 7 December 2023.

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 7 December 2023.

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 7 December 2023. 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
Jobs
England -6 2,778 £613 -5.77% 968
London -1 2,304 £630 -6.67% 733
Work from Home +1 1,399 £625 - 923
UK excluding London +9 658 £550 +4.76% 291
North of England +7 256 £525 +5.00% 83
Scotland +3 215 £618 +17.76% 42
Yorkshire +12 157 £488 -2.50% 34
North West -1 91 £550 +10.00% 45
Midlands +37 57 £534 +6.80% 27
South East -45 48 £546 -0.68% 93
East Midlands +39 34 £490 +15.29% 7
South West +2 31 £600 +2.13% 34
East of England +41 30 £549 +29.12% 9
West Midlands +25 21 £600 +20.00% 20
Northern Ireland -6 20 £493 +9.44% 7
North East +36 7 £525 -27.08% 4
Wales +12 6 £450 -10.00%
Isle of Man - 3 £475 -

Banking
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 98 (3.02%) Confluence
2 67 (2.06%) Apache
3 55 (1.69%) Apache Airflow
4 35 (1.08%) SharePoint
5 33 (1.02%) Apache Spark
6 21 (0.65%) SAS
7 15 (0.46%) Jupyter
8 14 (0.43%) IIS
9 11 (0.34%) Tomcat
10 10 (0.31%) WebSphere
11 9 (0.28%) Skype for Business
12 8 (0.25%) CMS
12 8 (0.25%) MS Exchange
13 7 (0.22%) JBoss
14 6 (0.18%) Tornado
15 5 (0.15%) CICS
15 5 (0.15%) WebSphere Application Server
16 4 (0.12%) Camunda
16 4 (0.12%) IBM Notes
16 4 (0.12%) nginx
Applications
1 111 (3.42%) Microsoft Excel
2 66 (2.03%) Microsoft Office
3 45 (1.39%) Microsoft PowerPoint
4 27 (0.83%) MS Visio
5 23 (0.71%) Microsoft Project
6 12 (0.37%) Spreadsheet
7 6 (0.18%) PlantUML
8 3 (0.092%) Sketch
8 3 (0.092%) Stata
9 2 (0.062%) Chatbot
9 2 (0.062%) UXPin
10 1 (0.031%) Adobe XD
Business Applications
1 36 (1.11%) Loan IQ
2 17 (0.52%) SAP S/4HANA
3 14 (0.43%) SAP FI
4 11 (0.34%) FLEXCUBE
5 10 (0.31%) Dynamics CRM
5 10 (0.31%) SAP CO
6 9 (0.28%) SAP FI/CO
7 8 (0.25%) Summit
7 8 (0.25%) Temenos T24
8 6 (0.18%) IntelliMatch
9 5 (0.15%) ION MarketView
10 4 (0.12%) Oracle Cash Management
10 4 (0.12%) Oracle ERP
10 4 (0.12%) Oracle General Ledger
10 4 (0.12%) SAP PS
11 3 (0.092%) Oracle Payables
11 3 (0.092%) Oracle Procure-to-Pay
11 3 (0.092%) ResourceLink
11 3 (0.092%) SAP FSCM
11 3 (0.092%) SAP MM
Cloud Services
1 383 (11.80%) Azure
2 336 (10.35%) AWS
3 182 (5.61%) GCP
4 78 (2.40%) Microsoft 365
5 72 (2.22%) Power Platform
6 49 (1.51%) GitHub
7 40 (1.23%) Azure DevOps
8 32 (0.99%) SaaS
9 31 (0.96%) dbt
10 30 (0.92%) OpenShift
10 30 (0.92%) Serverless
11 29 (0.89%) IaaS
12 24 (0.74%) Entra ID
12 24 (0.74%) PaaS
13 21 (0.65%) AWS Lambda
14 20 (0.62%) Cloud Computing
15 19 (0.59%) Amazon EKS
16 14 (0.43%) Azure AKS
16 14 (0.43%) Azure Cosmos DB
16 14 (0.43%) Salesforce Service Cloud
Communications & Networking
1 94 (2.90%) Firewall
2 53 (1.63%) DNS
3 45 (1.39%) Network Security
4 44 (1.36%) SAN
5 33 (1.02%) VPN
6 32 (0.99%) DHCP
6 32 (0.99%) SSL
7 27 (0.83%) TCP/IP
8 24 (0.74%) HTTP
9 17 (0.52%) WAN
10 15 (0.46%) Internet
10 15 (0.46%) LAN
11 13 (0.40%) BGP
11 13 (0.40%) F5 BIG-IP LTM
11 13 (0.40%) Wireless
12 12 (0.37%) Kerberos
12 12 (0.37%) NAS
13 9 (0.28%) Intranet
13 9 (0.28%) Intrusion Detection
13 9 (0.28%) iSCSI
Database & Business Intelligence
1 180 (5.55%) SQL Server
2 107 (3.30%) Relational Database
3 62 (1.91%) Power BI
4 56 (1.73%) Big Data
5 46 (1.42%) PostgreSQL
6 40 (1.23%) Apache Ignite
7 35 (1.08%) Data Warehouse
7 35 (1.08%) SQL Server Integration Services
8 32 (0.99%) Amazon Athena
8 32 (0.99%) Hadoop
8 32 (0.99%) Tableau
9 31 (0.96%) Oracle Database
10 29 (0.89%) Apache Arrow
10 29 (0.89%) Dremio
11 26 (0.80%) NoSQL
12 25 (0.77%) KDB
13 24 (0.74%) MongoDB
14 23 (0.71%) DB2
15 21 (0.65%) SQL Server Reporting Services
16 20 (0.62%) Elasticsearch
Development Applications
1 186 (5.73%) JIRA
2 97 (2.99%) Jenkins
3 76 (2.34%) Git
4 49 (1.51%) TeamCity
5 36 (1.11%) Cucumber
6 30 (0.92%) Cypress.io
7 28 (0.86%) Bitbucket
8 24 (0.74%) GitLab
9 21 (0.65%) JUnit
10 18 (0.55%) Selenium
11 17 (0.52%) Octopus Deploy
12 14 (0.43%) Maven
13 13 (0.40%) GCC
13 13 (0.40%) GDB
14 12 (0.37%) Artifactory
14 12 (0.37%) Gradle
14 12 (0.37%) Sonatype Nexus
15 11 (0.34%) Atlassian Bamboo
16 10 (0.31%) IntelliJ
16 10 (0.31%) NUnit
General
1 1,921 (59.18%) Finance
2 848 (26.12%) Investment Banking
3 669 (20.61%) Social Skills
4 346 (10.66%) Front Office
5 281 (8.66%) Analytical Skills
6 127 (3.91%) Retail Banking
7 75 (2.31%) Retail
8 69 (2.13%) Back Office
9 66 (2.03%) Financial Institution
10 59 (1.82%) Presentation Skills
11 41 (1.26%) Legal
11 41 (1.26%) Public Sector
12 29 (0.89%) Corporate Banking
13 28 (0.86%) Documentation Skills
13 28 (0.86%) Marketing
14 27 (0.83%) Inclusion and Diversity
14 27 (0.83%) Private Banking
15 26 (0.80%) Influencing Skills
15 26 (0.80%) Telecoms
16 22 (0.68%) Organisational Skills
Job Titles
1 752 (23.17%) Developer
2 528 (16.27%) Analyst
3 286 (8.81%) Architect
4 261 (8.04%) Business Analyst
4 261 (8.04%) Senior
5 209 (6.44%) Project Manager
6 198 (6.10%) Banking Analyst
7 171 (5.27%) Lead
8 140 (4.31%) Java Developer
9 120 (3.70%) Python Developer
10 113 (3.48%) Solutions Architect
11 105 (3.23%) C# Developer
12 92 (2.83%) Consultant
13 83 (2.56%) .NET Developer
14 78 (2.40%) Senior Developer
15 75 (2.31%) Banking Business Analyst
16 70 (2.16%) DevOps Engineer
17 69 (2.13%) Support Engineer
18 67 (2.06%) Data Analyst
19 65 (2.00%) Software Engineer
Libraries, Frameworks & Software Standards
1 179 (5.51%) .NET
2 126 (3.88%) React
3 94 (2.90%) Kafka
4 89 (2.74%) REST
5 72 (2.22%) AngularJS
6 67 (2.06%) WPF
7 63 (1.94%) FIX Protocol
7 63 (1.94%) Spring
8 59 (1.82%) CSS
8 59 (1.82%) gRPC
9 55 (1.69%) HTML
10 53 (1.63%) Pandas
11 52 (1.60%) Middleware
11 52 (1.60%) Spring Boot
12 46 (1.42%) XML
13 43 (1.32%) .NET Framework
13 43 (1.32%) NumPy
14 41 (1.26%) Web Services
15 40 (1.23%) Node.js
15 40 (1.23%) Protocol Buffers
Miscellaneous
1 197 (6.07%) Derivative
2 135 (4.16%) Foreign Exchange (FX)
3 125 (3.85%) Fixed Income
4 93 (2.87%) Equities
5 88 (2.71%) Management Information System
6 86 (2.65%) Market Risk
7 77 (2.37%) Product Ownership
8 63 (1.94%) Self-Motivation
9 59 (1.82%) Onboarding
10 57 (1.76%) Data Protection Act
11 56 (1.73%) Data Centre
12 51 (1.57%) SWIFT Messaging Network
13 50 (1.54%) Credit Risk
14 46 (1.42%) Public Cloud
15 44 (1.36%) Hedge funds
16 40 (1.23%) Mainframe
17 39 (1.20%) Algorithms
18 37 (1.14%) Data Structures
19 34 (1.05%) Greenfield Project
20 32 (0.99%) Virtual Team
Operating Systems
1 297 (9.15%) Windows
2 279 (8.60%) Linux
3 156 (4.81%) Unix
4 95 (2.93%) Windows Server
5 43 (1.32%) Red Hat Enterprise Linux
6 34 (1.05%) Android
7 30 (0.92%) Apple iOS
8 28 (0.86%) Windows 10
9 14 (0.43%) Windows 7
10 13 (0.40%) Windows Server 2012
11 12 (0.37%) AIX
11 12 (0.37%) Solaris
12 9 (0.28%) Ubuntu
12 9 (0.28%) Windows Server 2016
13 4 (0.12%) Data ONTAP
14 3 (0.092%) Mac OS X
14 3 (0.092%) MVS
14 3 (0.092%) Oracle Linux
15 2 (0.062%) Windows Server 2003
15 2 (0.062%) zOS
Processes & Methodologies
1 734 (22.61%) Agile
2 464 (14.29%) Change Management
3 343 (10.57%) Problem-Solving
4 324 (9.98%) Project Management
5 323 (9.95%) DevOps
6 207 (6.38%) Stakeholder Management
7 203 (6.25%) Analytics
8 199 (6.13%) Migration
9 196 (6.04%) Risk Management
10 168 (5.18%) CI/CD
11 158 (4.87%) Computer Science
12 151 (4.65%) Software Engineering
13 149 (4.59%) Microservices
14 148 (4.56%) Scrum
15 144 (4.44%) SDLC
16 134 (4.13%) Roadmaps
17 130 (4.00%) Test Automation
18 126 (3.88%) Electronic Trading
19 122 (3.76%) Asset Management
20 119 (3.67%) ITIL
Programming Languages
1 536 (16.51%) Python
2 518 (15.96%) SQL
3 388 (11.95%) Java
4 296 (9.12%) C#
5 184 (5.67%) JavaScript
6 123 (3.79%) TypeScript
7 115 (3.54%) PowerShell
8 109 (3.36%) C++
9 79 (2.43%) Bash
10 77 (2.37%) Scala
11 73 (2.25%) Perl
12 68 (2.09%) Shell Script
13 47 (1.45%) Ruby
14 46 (1.42%) Go
15 35 (1.08%) VB
16 34 (1.05%) PL/SQL
16 34 (1.05%) T-SQL
17 33 (1.02%) VBA
18 23 (0.71%) Kotlin
19 19 (0.59%) PHP
Qualifications
1 270 (8.32%) Degree
2 92 (2.83%) Computer Science Degree
3 59 (1.82%) Security Cleared
4 56 (1.73%) SC Cleared
5 42 (1.29%) Master's Degree
6 35 (1.08%) Cisco Certification
7 30 (0.92%) CISSP
8 24 (0.74%) Azure Certification
9 23 (0.71%) AWS Certification
9 23 (0.71%) CCNA
9 23 (0.71%) TOGAF Certification
10 21 (0.65%) A+ Certification
11 20 (0.62%) Network+ Certification
11 20 (0.62%) PMI Certification
12 19 (0.59%) AWS Certified Solutions Architect
12 19 (0.59%) Numerate Degree
13 16 (0.49%) CISM
14 15 (0.46%) Microsoft Certification
14 15 (0.46%) PMP
15 13 (0.40%) CCNP
Quality Assurance & Compliance
1 145 (4.47%) QA
2 75 (2.31%) PMO
3 64 (1.97%) Data Quality
4 52 (1.60%) ISO/IEC 27001
5 48 (1.48%) EMIR
6 45 (1.39%) SLA
7 37 (1.14%) MiFID
8 35 (1.08%) NIST
9 20 (0.62%) ISO 20022
9 20 (0.62%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
10 14 (0.43%) PCI DSS
10 14 (0.43%) SEPA
11 11 (0.34%) Sarbanes-Oxley
12 9 (0.28%) COREP
12 9 (0.28%) GDPR
13 8 (0.25%) Basel III
13 8 (0.25%) SOC 2
14 7 (0.22%) Accessibility
14 7 (0.22%) Actionable Recommendations
14 7 (0.22%) FINREP
System Software
1 87 (2.68%) Active Directory
2 72 (2.22%) Docker
3 49 (1.51%) VMware Infrastructure
4 25 (0.77%) Hyper-V
5 23 (0.71%) Virtual Machines
6 18 (0.55%) Firmware
7 17 (0.52%) NFS
8 10 (0.31%) Virtual Desktop
8 10 (0.31%) VMware ESXi
9 5 (0.15%) KVM
9 5 (0.15%) Oracle RAC
9 5 (0.15%) VMware Workstation
10 4 (0.12%) GPFS
10 4 (0.12%) HDFS
10 4 (0.12%) vSphere
11 3 (0.092%) PowerHA
11 3 (0.092%) RACF
11 3 (0.092%) Virtual Servers
12 2 (0.062%) IAG
12 2 (0.062%) Platform Symphony
Systems Management
1 139 (4.28%) Kubernetes
2 121 (3.73%) Ansible
3 70 (2.16%) Terraform
4 40 (1.23%) SCCM
5 35 (1.08%) ITRS Geneos
6 27 (0.83%) Puppet
7 24 (0.74%) Progress Chef
8 20 (0.62%) Prometheus
9 17 (0.52%) Grafana
10 15 (0.46%) Control-M
11 14 (0.43%) Kibana
12 9 (0.28%) Single Sign-On
13 8 (0.25%) Microsoft Intune
14 7 (0.22%) Active Directory Federation Services
14 7 (0.22%) logstash
14 7 (0.22%) Rundeck
14 7 (0.22%) vCenter Server
15 6 (0.18%) EMC NetWorker
15 6 (0.18%) Istio
15 6 (0.18%) Rancher
Vendors
1 289 (8.90%) Microsoft
2 197 (6.07%) Oracle
3 99 (3.05%) IBM
4 93 (2.87%) ServiceNow
5 87 (2.68%) Google
6 71 (2.19%) Splunk
7 70 (2.16%) Cisco
8 69 (2.13%) VMware
9 65 (2.00%) SAP
10 45 (1.39%) Red Hat
11 41 (1.26%) Salesforce
12 36 (1.11%) Citrix
13 34 (1.05%) Databricks
14 32 (0.99%) Bloomberg
15 29 (0.89%) F5
16 24 (0.74%) Avaloq
17 20 (0.62%) HP
17 20 (0.62%) Informatica
18 19 (0.59%) Atlassian
19 16 (0.49%) Dell