Banking Contracts

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 2 April 2025, comparing them to the same period in the previous two years.

6 months to
2 Apr 2025
Same period 2024 Same period 2023
Rank 25 25 21
Rank change year-on-year 0 -4 +6
Contract jobs citing Banking 2,250 2,741 4,943
As % of all contract jobs advertised in the UK 7.74% 6.20% 7.84%
As % of the General category 12.31% 10.65% 13.35%
Number of daily rates quoted 1,421 1,829 3,365
10th Percentile £356 £385 £450
25th Percentile £450 £500 £525
Median daily rate (50th Percentile) £600 £618 £650
Median % change year-on-year -2.83% -5.00% +4.00%
75th Percentile £738 £750 £775
90th Percentile £838 £850 £875
UK excluding London median daily rate £475 £525 £538
% change year-on-year -9.52% -2.33% +13.16%
Number of hourly rates quoted 25 26 9
10th Percentile £15.55 £12.42 £16.77
25th Percentile £18.10 £17.85 -
Median hourly rate £22.27 £19.50 £21.00
Median % change year-on-year +14.21% -7.14% -16.92%
75th Percentile £24.66 £30.00 £52.00
90th Percentile £58.78 £78.38 £55.35
UK excluding London median hourly rate £18.36 £22.00 £48.00
% change year-on-year -16.56% -54.17% +222.26%

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 18,280 25,730 37,030
As % of all contract IT jobs advertised in the UK 62.87% 58.20% 58.73%
Number of daily rates quoted 11,719 16,376 25,600
10th Percentile £300 £269 £313
25th Percentile £406 £413 £438
Median daily rate (50th Percentile) £525 £525 £550
Median % change year-on-year - -4.55% +4.76%
75th Percentile £640 £650 £675
90th Percentile £763 £750 £775
UK excluding London median daily rate £475 £500 £500
% change year-on-year -5.00% - +5.26%
Number of hourly rates quoted 716 1,854 1,143
10th Percentile £15.00 £12.78 £14.23
25th Percentile £19.00 £15.38 £18.13
Median hourly rate £29.04 £26.00 £35.00
Median % change year-on-year +11.67% -25.71% +62.79%
75th Percentile £58.62 £50.00 £62.50
90th Percentile £75.00 £65.00 £70.00
UK excluding London median hourly rate £27.50 £25.00 £30.88
% change year-on-year +10.00% -19.03% +71.54%

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 2 April 2025.

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 2 April 2025.

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 2 April 2025. 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 1,883 £600 -4.00% 2,173
London -2 1,499 £638 -1.92% 1,791
Work from Home 0 833 £600 -2.04% 934
UK excluding London +45 620 £475 -9.52% 701
Scotland +15 237 £479 -21.80% 147
North of England +23 227 £450 -10.00% 159
North West +22 115 £400 -23.81% 80
Yorkshire +23 109 £540 +27.06% 59
Midlands +42 55 £548 +4.29% 84
Northern Ireland +9 34 £408 -9.44% 13
South West +35 29 £595 -6.67% 59
South East -1 29 £563 +9.76% 188
East Midlands +23 28 £401 -16.55% 22
West Midlands +28 27 £555 +5.71% 62
East of England +13 10 £600 +9.09% 16
North East -6 3 - - 22
Wales - 3 - - 39
Isle of Man +3 2 £400 -

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 90 (4.00%) Confluence
2 63 (2.80%) Apache Airflow
3 56 (2.49%) Apache
4 51 (2.27%) Apache Spark
5 46 (2.04%) SharePoint
6 31 (1.38%) SAS
7 22 (0.98%) Microsoft Exchange
8 10 (0.44%) WebSphere
9 8 (0.36%) CICS
10 7 (0.31%) Jupyter
11 5 (0.22%) MQSeries
11 5 (0.22%) WebLogic
12 4 (0.18%) Oracle Workflow
12 4 (0.18%) WebSphere Application Server
13 3 (0.13%) Adobe Experience Manager
13 3 (0.13%) Cloud Foundry
13 3 (0.13%) CMS
13 3 (0.13%) JBoss
13 3 (0.13%) Tomcat
14 2 (0.089%) Oracle SOA Suite
Applications
1 90 (4.00%) Microsoft Excel
2 84 (3.73%) Microsoft Office
3 56 (2.49%) Microsoft PowerPoint
4 34 (1.51%) MS Visio
5 16 (0.71%) Microsoft Project
6 12 (0.53%) Spreadsheet
7 6 (0.27%) Sketch
8 4 (0.18%) Chatbot
9 2 (0.089%) Trello
10 1 (0.044%) Adobe Illustrator
10 1 (0.044%) Adobe XD
10 1 (0.044%) Notepad++
10 1 (0.044%) Photoshop
10 1 (0.044%) UserZoom
Business Applications
1 19 (0.84%) SAP S/4HANA
2 11 (0.49%) Dynamics CRM
2 11 (0.49%) Kondor
3 10 (0.44%) Oracle General Ledger
4 9 (0.40%) FLEXCUBE
4 9 (0.40%) Payment Gateway
5 8 (0.36%) Oracle Financials
6 7 (0.31%) Finacle
6 7 (0.31%) Misys Midas
6 7 (0.31%) Oracle Assets
6 7 (0.31%) Oracle Payables
6 7 (0.31%) Oracle Receivables
7 5 (0.22%) Oracle BPM
7 5 (0.22%) Remedy ITSM
8 4 (0.18%) Fidessa
8 4 (0.18%) Oracle Cash Management
8 4 (0.18%) Oracle EBS
8 4 (0.18%) Sparx Enterprise Architect
9 3 (0.13%) Oracle Internet Expenses
9 3 (0.13%) Oracle Procure-to-Pay
Cloud Services
1 318 (14.13%) AWS
2 273 (12.13%) Azure
3 125 (5.56%) GCP
4 62 (2.76%) Microsoft 365
5 59 (2.62%) Power Platform
6 57 (2.53%) Azure DevOps
7 56 (2.49%) Snowflake
8 55 (2.44%) dbt
9 49 (2.18%) Amazon EC2
9 49 (2.18%) GitHub
10 44 (1.96%) Amazon S3
11 43 (1.91%) Serverless
12 42 (1.87%) Amazon EKS
13 39 (1.73%) Amazon ECS
14 31 (1.38%) Dagster
15 27 (1.20%) Cloud Computing
16 25 (1.11%) AWS Lambda
17 24 (1.07%) AWS CloudFormation
18 22 (0.98%) Amazon SQS
18 22 (0.98%) OpenShift
Communications & Networking
1 57 (2.53%) Firewall
2 36 (1.60%) DNS
3 28 (1.24%) TCP/IP
4 22 (0.98%) DHCP
4 22 (0.98%) VPN
5 19 (0.84%) HTTP
6 17 (0.76%) Network Security
6 17 (0.76%) SSL
6 17 (0.76%) WAN
7 16 (0.71%) FIX Connectivity
7 16 (0.71%) LAN
8 15 (0.67%) BGP
9 13 (0.58%) Multicast
9 13 (0.58%) OSPF
10 12 (0.53%) SAN
11 9 (0.40%) IGMP
11 9 (0.40%) VRRP
12 8 (0.36%) Wireless
13 7 (0.31%) HSRP
13 7 (0.31%) Wireshark
Database & Business Intelligence
1 111 (4.93%) SQL Server
2 65 (2.89%) NoSQL
3 64 (2.84%) PostgreSQL
4 57 (2.53%) Relational Database
5 56 (2.49%) MongoDB
6 55 (2.44%) Apache Iceberg
7 54 (2.40%) Amazon Athena
8 53 (2.36%) Dremio
9 52 (2.31%) Data Warehouse
10 49 (2.18%) Data Lake
11 46 (2.04%) Power BI
11 46 (2.04%) Tableau
12 39 (1.73%) Redis
13 37 (1.64%) Apache Arrow
14 36 (1.60%) Big Data
14 36 (1.60%) DB2
15 32 (1.42%) Hadoop
16 25 (1.11%) Oracle Database
17 23 (1.02%) Apache Ignite
18 19 (0.84%) Elasticsearch
Development Applications
1 160 (7.11%) JIRA
2 124 (5.51%) Jenkins
3 94 (4.18%) Git
4 44 (1.96%) GitLab
5 42 (1.87%) Bitbucket
6 35 (1.56%) TeamCity
7 31 (1.38%) JUnit
8 29 (1.29%) Cucumber
9 24 (1.07%) Maven
10 23 (1.02%) Selenium
11 14 (0.62%) Artifactory
12 13 (0.58%) LoadRunner
13 12 (0.53%) JMeter
13 12 (0.53%) Postman
13 12 (0.53%) Visual Studio
13 12 (0.53%) webpack
14 11 (0.49%) Subversion
15 10 (0.44%) Sonatype Nexus
16 9 (0.40%) Ant
17 8 (0.36%) REST Assured
General
1 1,434 (63.73%) Finance
2 623 (27.69%) Social Skills
3 590 (26.22%) Investment Banking
4 344 (15.29%) Analytical Skills
5 258 (11.47%) Front Office
6 121 (5.38%) Retail Banking
7 80 (3.56%) Financial Institution
8 67 (2.98%) Retail
9 58 (2.58%) Corporate Banking
10 49 (2.18%) Organisational Skills
11 41 (1.82%) Presentation Skills
12 38 (1.69%) Legal
13 27 (1.20%) Back Office
14 20 (0.89%) Marketing
14 20 (0.89%) Public Sector
15 18 (0.80%) Documentation Skills
15 18 (0.80%) Private Banking
16 16 (0.71%) General Ledger
16 16 (0.71%) Influencing Skills
17 15 (0.67%) International Banking
Job Titles
1 563 (25.02%) Developer
2 380 (16.89%) Analyst
3 235 (10.44%) Senior
4 196 (8.71%) Architect
5 177 (7.87%) Business Analyst
6 133 (5.91%) Java Developer
6 133 (5.91%) Project Manager
7 116 (5.16%) Lead
8 113 (5.02%) Python Developer
9 92 (4.09%) Software Engineer
10 86 (3.82%) Consultant
11 84 (3.73%) Senior Developer
12 81 (3.60%) Banking Analyst
13 70 (3.11%) Python Engineer
14 69 (3.07%) C# Developer
14 69 (3.07%) Data Analyst
15 68 (3.02%) Data Engineer
16 65 (2.89%) AWS Engineer
17 64 (2.84%) Solutions Architect
18 48 (2.13%) DevOps Engineer
Libraries, Frameworks & Software Standards
1 116 (5.16%) .NET
1 116 (5.16%) React
2 98 (4.36%) Kafka
3 87 (3.87%) Spring
4 70 (3.11%) PySpark
5 63 (2.80%) HTML
6 59 (2.62%) AngularJS
7 55 (2.44%) CSS
7 55 (2.44%) RESTful
8 50 (2.22%) Spring Boot
9 47 (2.09%) Pandas
10 46 (2.04%) XML
11 45 (2.00%) NumPy
12 42 (1.87%) SciPy
13 41 (1.82%) FastAPI
13 41 (1.82%) Node.js
14 40 (1.78%) JSON
14 40 (1.78%) REST
15 36 (1.60%) Middleware
16 34 (1.51%) HTML5
Miscellaneous
1 165 (7.33%) Derivative
2 125 (5.56%) Equities
3 114 (5.07%) Foreign Exchange (FX)
4 95 (4.22%) Fixed Income
5 82 (3.64%) Product Ownership
6 65 (2.89%) Hedge funds
7 48 (2.13%) Onboarding
8 44 (1.96%) Data Centre
8 44 (1.96%) Data Structures
9 42 (1.87%) SWIFT Messaging Network
10 41 (1.82%) Algorithms
11 39 (1.73%) Greenfield Project
11 39 (1.73%) Market Risk
12 36 (1.60%) Legacy Systems
12 36 (1.60%) Management Information System
12 36 (1.60%) Reference Data
13 35 (1.56%) Credit Risk
14 34 (1.51%) Data Protection Act
15 31 (1.38%) Enterprise Software
16 28 (1.24%) Mainframe
Operating Systems
1 171 (7.60%) Windows
2 168 (7.47%) Linux
3 83 (3.69%) Unix
4 32 (1.42%) Red Hat Enterprise Linux
5 26 (1.16%) Windows Server
6 22 (0.98%) Windows 10
7 20 (0.89%) Apple iOS
8 18 (0.80%) Android
9 10 (0.44%) Solaris
10 8 (0.36%) zOS
11 7 (0.31%) AIX
12 6 (0.27%) CentOS
12 6 (0.27%) Windows Server 2016
13 5 (0.22%) Mac OS
14 4 (0.18%) Windows Server 2012
15 3 (0.13%) HPUX
15 3 (0.13%) Rocky
15 3 (0.13%) Windows 7
16 2 (0.089%) Oracle Linux
16 2 (0.089%) VMS
Processes & Methodologies
1 571 (25.38%) Agile
2 372 (16.53%) Problem-Solving
3 262 (11.64%) DevOps
4 222 (9.87%) CI/CD
5 216 (9.60%) Stakeholder Management
6 212 (9.42%) Risk Management
7 204 (9.07%) Migration
8 189 (8.40%) Change Management
9 188 (8.36%) Analytics
9 188 (8.36%) Software Engineering
10 170 (7.56%) Project Management
11 159 (7.07%) SDLC
12 127 (5.64%) Asset Management
13 122 (5.42%) Microservices
14 121 (5.38%) Test Automation
15 113 (5.02%) Data Analysis
16 103 (4.58%) Decision-Making
17 101 (4.49%) Fintech
18 96 (4.27%) Continuous Improvement
18 96 (4.27%) Wealth Management
Programming Languages
1 463 (20.58%) Python
2 422 (18.76%) SQL
3 390 (17.33%) Java
4 159 (7.07%) C#
5 148 (6.58%) JavaScript
6 127 (5.64%) TypeScript
7 62 (2.76%) C++
8 55 (2.44%) PowerShell
9 49 (2.18%) Scala
10 42 (1.87%) PL/SQL
11 41 (1.82%) Shell Script
12 29 (1.29%) Bash
13 26 (1.16%) Perl
14 22 (0.98%) R
15 17 (0.76%) T-SQL
15 17 (0.76%) VBA
16 15 (0.67%) Kotlin
17 10 (0.44%) Go
17 10 (0.44%) Groovy
17 10 (0.44%) VB
Qualifications
1 158 (7.02%) Degree
2 35 (1.56%) Computer Science Degree
2 35 (1.56%) Security Cleared
3 30 (1.33%) Master's Degree
4 26 (1.16%) Cisco Certification
5 23 (1.02%) CISSP
6 19 (0.84%) AWS Certification
6 19 (0.84%) SC Cleared
7 18 (0.80%) Azure Certification
7 18 (0.80%) Numerate Degree
8 16 (0.71%) PMI Certification
9 15 (0.67%) CISM
9 15 (0.67%) ITIL Certification
9 15 (0.67%) Microsoft Certification
9 15 (0.67%) PMP
10 12 (0.53%) CEH
11 11 (0.49%) (ISC)2 CCSP
11 11 (0.49%) CCNP
11 11 (0.49%) CCSP
11 11 (0.49%) OSCP
Quality Assurance & Compliance
1 79 (3.51%) QA
2 68 (3.02%) Data Quality
3 51 (2.27%) PMO
4 36 (1.60%) GDPR
5 34 (1.51%) Sarbanes-Oxley
6 31 (1.38%) PCI DSS
7 22 (0.98%) NIST
8 19 (0.84%) MiFID
9 17 (0.76%) PSD2
10 16 (0.71%) ISO 20022
11 15 (0.67%) SLA
12 14 (0.62%) Accessibility
12 14 (0.62%) ISO/IEC 27001
12 14 (0.62%) SEPA
13 13 (0.58%) COBIT
14 11 (0.49%) IFRS
14 11 (0.49%) IFRS 9
15 10 (0.44%) Basel III
16 9 (0.40%) EMIR
17 6 (0.27%) HIPAA
System Software
1 135 (6.00%) Docker
2 43 (1.91%) Active Directory
3 22 (0.98%) VMware Infrastructure
4 9 (0.40%) VMware ESXi
5 8 (0.36%) Virtual Desktop
5 8 (0.36%) Virtual Machines
6 7 (0.31%) Hyper-V
6 7 (0.31%) Veritas Cluster Server
7 6 (0.27%) Virtual Servers
8 4 (0.18%) Apache ZooKeeper
8 4 (0.18%) Lustre
9 3 (0.13%) HDFS
9 3 (0.13%) NFS
9 3 (0.13%) Oracle RAC
9 3 (0.13%) Veritas Volume Manager
9 3 (0.13%) vSphere
9 3 (0.13%) XenDesktop
10 2 (0.089%) Time Sharing Option
10 2 (0.089%) Veritas File System
10 2 (0.089%) VirtualBox
Systems Management
1 188 (8.36%) Kubernetes
2 138 (6.13%) Ansible
3 85 (3.78%) Terraform
4 40 (1.78%) Grafana
5 24 (1.07%) SCCM
6 22 (0.98%) Prometheus
6 22 (0.98%) Puppet
7 12 (0.53%) Argo
8 10 (0.44%) Microsoft Intune
8 10 (0.44%) Progress Chef
9 9 (0.40%) Control-M
10 7 (0.31%) Istio
10 7 (0.31%) ZABBIX
11 6 (0.27%) Rancher
11 6 (0.27%) Rundeck
12 5 (0.22%) FortiGate
12 5 (0.22%) HP ALM
12 5 (0.22%) Podman
12 5 (0.22%) Single Sign-On
13 4 (0.18%) Karpenter
Vendors
1 235 (10.44%) Microsoft
2 157 (6.98%) Oracle
3 86 (3.82%) ServiceNow
4 56 (2.49%) Splunk
5 50 (2.22%) IBM
6 49 (2.18%) Google
7 45 (2.00%) Cisco
8 44 (1.96%) Databricks
9 43 (1.91%) SAP
10 30 (1.33%) Red Hat
10 30 (1.33%) VMware
11 26 (1.16%) Sybase
12 25 (1.11%) Citrix
13 22 (0.98%) CyberArk
14 19 (0.84%) HP
14 19 (0.84%) Murex
15 18 (0.80%) Adobe
16 17 (0.76%) Arista
16 17 (0.76%) Pega
17 16 (0.71%) Bloomberg