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 cited Banking over the 6 months leading up to 6 December 2024, comparing them to the same period in the previous two years.
| 6 months to 6 Dec 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 25 | 23 | 21 |
| Rank change year-on-year | -2 | -2 | +5 |
| Contract jobs citing Banking | 2,701 | 3,286 | 6,357 |
| As % of all contract jobs advertised in the UK | 7.50% | 7.26% | 8.25% |
| As % of the General category | 12.48% | 12.20% | 13.93% |
| Number of daily rates quoted | 1,672 | 2,171 | 4,024 |
| 10th Percentile | £390 | £400 | £421 |
| 25th Percentile | £482 | £510 | £513 |
| Median daily rate (50th Percentile) | £600 | £615 | £650 |
| Median % change year-on-year | -2.44% | -5.38% | +8.33% |
| 75th Percentile | £738 | £750 | £769 |
| 90th Percentile | £850 | £850 | £850 |
| UK excluding London median daily rate | £525 | £550 | £524 |
| % change year-on-year | -4.55% | +5.06% | +7.94% |
| Number of hourly rates quoted | 13 | 24 | 16 |
| 10th Percentile | £15.23 | £15.73 | £14.78 |
| 25th Percentile | £24.15 | £17.35 | £16.75 |
| Median hourly rate | £27.00 | £18.72 | £23.00 |
| Median % change year-on-year | +44.27% | -18.63% | +45.20% |
| 75th Percentile | £44.04 | £30.00 | £46.00 |
| 90th Percentile | £76.20 | £65.13 | £52.00 |
| UK excluding London median hourly rate | £24.17 | £19.18 | £18.37 |
| % change year-on-year | +25.99% | +4.44% | +20.43% |
All General Skills
UK
Banking falls under the General Skills category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring common skills.
| Contract vacancies with a requirement for common skills | 21,647 | 26,929 | 45,647 |
| As % of all contract IT jobs advertised in the UK | 60.15% | 59.53% | 59.24% |
| Number of daily rates quoted | 12,856 | 17,859 | 31,216 |
| 10th Percentile | £292 | £281 | £316 |
| 25th Percentile | £413 | £425 | £446 |
| Median daily rate (50th Percentile) | £525 | £550 | £550 |
| Median % change year-on-year | -4.55% | - | +4.76% |
| 75th Percentile | £650 | £650 | £663 |
| 90th Percentile | £756 | £750 | £763 |
| UK excluding London median daily rate | £488 | £500 | £500 |
| % change year-on-year | -2.50% | - | +11.11% |
| Number of hourly rates quoted | 783 | 1,127 | 1,209 |
| 10th Percentile | £15.21 | £14.25 | £13.41 |
| 25th Percentile | £18.00 | £16.80 | £16.30 |
| Median hourly rate | £27.50 | £31.71 | £25.00 |
| Median % change year-on-year | -13.28% | +26.84% | +28.21% |
| 75th Percentile | £53.75 | £58.75 | £58.75 |
| 90th Percentile | £70.25 | £70.56 | £70.00 |
| UK excluding London median hourly rate | £26.13 | £28.92 | £22.00 |
| % change year-on-year | -9.66% | +31.45% | +27.54% |
Banking
Job Vacancy Trend
Job postings citing Banking as a proportion of all IT jobs advertised.
Banking
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Banking.
Banking
Daily Rate Histogram
Daily rate distribution for jobs citing Banking over the 6 months to 6 December 2024.
Banking
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Banking.
Banking
Hourly Rate Histogram
Hourly rate distribution of jobs citing Banking over the 6 months to 6 December 2024.
Banking
Top 17 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 6 December 2024. 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 | -1 | 2,320 | £610 | -0.81% | 723 |
| London | -1 | 1,854 | £638 | -0.39% | 564 |
| Work from Home | +1 | 1,102 | £650 | +4.00% | 337 |
| UK excluding London | +8 | 614 | £525 | -4.55% | 218 |
| North of England | +8 | 267 | £505 | -3.81% | 77 |
| Scotland | +5 | 172 | £500 | -20.00% | 32 |
| North West | +24 | 141 | £455 | -17.27% | 32 |
| Yorkshire | 0 | 124 | £550 | +10.00% | 21 |
| Midlands | +14 | 78 | £550 | +3.00% | 29 |
| South East | +38 | 62 | £500 | -9.09% | 31 |
| West Midlands | +24 | 50 | £618 | +2.92% | 18 |
| South West | +25 | 29 | £574 | -4.38% | 23 |
| East Midlands | -5 | 25 | £445 | -9.18% | 11 |
| Northern Ireland | -12 | 13 | £450 | -8.63% | 11 |
| East of England | -5 | 4 | £750 | +36.67% | 8 |
| North East | -16 | 3 | - | - | 25 |
| Wales | -2 | 2 | £290 | -46.10% | 8 |
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:
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