Period
to 29 July 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 29 July 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
29 Jul 2021
Same period 2020 Same period 2019
Rank 21 22 24
Rank change year-on-year +1 +2 -3
Contract jobs citing Banking 5,149 2,438 6,248
As % of all contract jobs advertised in the UK 7.18% 6.64% 6.82%
As % of the General category 13.54% 12.70% 13.04%
Number of daily rates quoted 3,528 1,742 4,121
10th Percentile £400 £363 £350
25th Percentile £463 £438 £425
Median daily rate (50th Percentile) £585 £550 £525
Median % change year-on-year +6.36% +4.76% -
75th Percentile £688 £688 £638
90th Percentile £750 £750 £713
UK excluding London median daily rate £450 £425 £450
% change year-on-year +5.88% -5.56% +5.88%
Number of hourly rates quoted 52 18 52
10th Percentile £11.17 £12.41 £13.75
25th Percentile £12.30 £13.74 £16.44
Median hourly rate £14.03 £19.50 £20.00
Median % change year-on-year -28.05% -2.50% +6.95%
75th Percentile £16.38 £27.53 £21.00
90th Percentile £30.42 £66.00 £30.00
UK excluding London median hourly rate £14.03 £13.74 £13.75
% change year-on-year +2.15% -0.11% -2.17%

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 38,039 19,203 47,916
As % of all contract IT jobs advertised in the UK 53.01% 52.27% 52.27%
Number of daily rates quoted 25,445 12,687 31,077
10th Percentile £306 £263 £275
25th Percentile £405 £385 £375
Median daily rate (50th Percentile) £500 £475 £475
Median % change year-on-year +5.26% - +5.56%
75th Percentile £613 £595 £575
90th Percentile £700 £700 £663
UK excluding London median daily rate £450 £440 £425
% change year-on-year +2.27% +3.53% +0.95%
Number of hourly rates quoted 1,301 722 1,460
10th Percentile £12.00 £12.36 £10.80
25th Percentile £13.40 £15.00 £14.00
Median hourly rate £19.50 £20.50 £19.36
Median % change year-on-year -4.88% +5.89% +6.81%
75th Percentile £40.00 £40.75 £38.75
90th Percentile £56.50 £52.50 £50.00
UK excluding London median hourly rate £17.50 £19.85 £18.00
% change year-on-year -11.84% +10.28% +3.93%

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 29 July 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 29 July 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 29 July 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 +3 4,327 £600 +4.35% 711
London 0 3,682 £600 - 520
Work from Home +1 1,093 £560 +14.77% 106
UK excluding London +15 856 £450 +5.88% 239
Scotland +6 289 £450 - 39
North of England -7 197 £471 +10.85% 81
North West -1 130 £473 +22.54% 44
Midlands -1 117 £400 +60.00% 29
South East +7 116 £525 -4.55% 40
South West +8 61 £440 +3.53% 12
Yorkshire -17 61 £475 -5.00% 26
West Midlands +7 59 £363 -9.66% 15
East Midlands -11 55 £405 +125.00% 14
Northern Ireland +3 50 £431 +10.51% 5
Wales +9 16 £419 -20.24% 5
East of England -7 9 £513 +25.46% 28
North East -9 6 £373 -14.86% 11
Channel Islands -4 1 - -

For the 6 months to 29 July 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 2,533 (49.19%) Finance
2 1,712 (33.25%) Agile Software Development
3 1,390 (27.00%) Investment Banking
4 1,384 (26.88%) Java
5 1,117 (21.69%) Social Skills
6 1,065 (20.68%) SQL
7 773 (15.01%) DevOps
8 677 (13.15%) Python
9 614 (11.92%) Front Office
10 573 (11.13%) Azure
11 572 (11.11%) Oracle
12 532 (10.33%) Spring
13 512 (9.94%) AWS
14 508 (9.87%) Microservices
15 505 (9.81%) C#
16 488 (9.48%) Scrum
17 471 (9.15%) .NET
18 468 (9.09%) JavaScript
19 461 (8.95%) Linux
20 448 (8.70%) Kubernetes
21 443 (8.60%) JIRA
22 411 (7.98%) Stakeholder Management
23 404 (7.85%) TDD
23 404 (7.85%) Git (software)
24 399 (7.75%) Jenkins
25 379 (7.36%) Windows
26 373 (7.24%) Microsoft
27 368 (7.15%) Analytical Skills
28 366 (7.11%) Foreign Exchange (FX)
29 357 (6.93%) Test Automation

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
1 195 (3.79%) Confluence
2 154 (2.99%) Apache Spark
3 92 (1.79%) Mule
4 80 (1.55%) Apache
5 58 (1.13%) SharePoint
6 56 (1.09%) Oracle Coherence
7 49 (0.95%) SAS
8 48 (0.93%) Tomcat
9 42 (0.82%) Red Hat Fuse
10 41 (0.80%) WebSphere
11 36 (0.70%) Elasticsearch
12 32 (0.62%) JBoss
13 23 (0.45%) IIS
14 22 (0.43%) Oracle SOA Suite
14 22 (0.43%) WebLogic
15 16 (0.31%) nginx
16 15 (0.29%) Apache Airflow
16 15 (0.29%) Cloud Foundry
16 15 (0.29%) WebSphere Application Server
17 14 (0.27%) Oracle Workflow
Applications
1 130 (2.52%) Microsoft Excel
2 96 (1.86%) Microsoft Office
3 67 (1.30%) Microsoft PowerPoint
4 48 (0.93%) MS Visio
5 32 (0.62%) Microsoft Project
6 22 (0.43%) Sketch
7 18 (0.35%) Photoshop
8 17 (0.33%) Adobe Illustrator
8 17 (0.33%) InVision
9 13 (0.25%) Adobe Creative Suite
10 7 (0.14%) Chatbot
11 5 (0.097%) Spreadsheet
12 4 (0.078%) InDesign
13 3 (0.058%) Figma
14 1 (0.019%) Acrobat
14 1 (0.019%) Adobe After Effects
14 1 (0.019%) Adobe Premiere
14 1 (0.019%) Adobe XD
14 1 (0.019%) SPSS
14 1 (0.019%) Zeplin
Business Applications
1 33 (0.64%) SunGard Martini
2 19 (0.37%) Summit
3 14 (0.27%) Oracle Financials
3 14 (0.27%) Oracle General Ledger
3 14 (0.27%) Sentinel
4 13 (0.25%) Oracle FAH
4 13 (0.25%) Oracle Subledger Accounting
5 12 (0.23%) Dynamics CRM
5 12 (0.23%) ION MarketView
5 12 (0.23%) SAP S/4HANA
6 11 (0.21%) OneSumX
6 11 (0.21%) SAP FI
7 10 (0.19%) Oracle Payables
8 9 (0.17%) Oracle iProcurement
8 9 (0.17%) SAP CO
8 9 (0.17%) SAP FI/CO
9 8 (0.16%) Oracle Assets
9 8 (0.16%) Oracle EBS
9 8 (0.16%) Oracle Internet Expenses
9 8 (0.16%) Oracle Receivables
Cloud Services
1 573 (11.13%) Azure
2 512 (9.94%) AWS
3 345 (6.70%) GCP
4 114 (2.21%) GitHub
5 75 (1.46%) Microsoft 365
6 70 (1.36%) PaaS
7 66 (1.28%) OpenShift
8 64 (1.24%) SaaS
9 63 (1.22%) Serverless
10 56 (1.09%) IaaS
11 49 (0.95%) Power Platform
12 36 (0.70%) Cloud Computing
13 34 (0.66%) Azure Synapse Analytics
14 26 (0.50%) Azure Functions
15 25 (0.49%) Collibra
16 24 (0.47%) Dynamics 365
17 23 (0.45%) Apigee
17 23 (0.45%) AWS CloudFormation
17 23 (0.45%) Azure Active Directory
18 22 (0.43%) AWS Lambda
Communications & Networking
1 114 (2.21%) Firewall
2 83 (1.61%) TCP/IP
3 63 (1.22%) Network Security
4 60 (1.17%) SSL
5 47 (0.91%) DNS
6 46 (0.89%) HTTP
7 40 (0.78%) Internet
8 34 (0.66%) SAN
9 33 (0.64%) NAS
10 30 (0.58%) Kerberos
11 28 (0.54%) WAN
12 24 (0.47%) LAN
13 20 (0.39%) Multicast
13 20 (0.39%) SMS
14 18 (0.35%) ATM
14 18 (0.35%) DHCP
14 18 (0.35%) VPN
15 15 (0.29%) 2G
16 14 (0.27%) BGP
17 13 (0.25%) Unified Communications
Database & Business Intelligence
1 313 (6.08%) SQL Server
2 279 (5.42%) Relational Database
3 211 (4.10%) Big Data
4 155 (3.01%) NoSQL
5 146 (2.84%) Data Warehouse
5 146 (2.84%) MongoDB
6 138 (2.68%) Hadoop
7 111 (2.16%) Oracle Database
8 82 (1.59%) PostgreSQL
9 81 (1.57%) Apache Hive
10 78 (1.51%) RDBMS
11 59 (1.15%) MySQL
11 59 (1.15%) Oracle Database 12c
12 57 (1.11%) Data Lake
13 56 (1.09%) Redis
14 55 (1.07%) Apache Cassandra
14 55 (1.07%) Hazelcast
15 47 (0.91%) SQL Server Integration Services
16 41 (0.80%) Power BI
16 41 (0.80%) Tableau
Development Applications
1 443 (8.60%) JIRA
2 404 (7.85%) Git (software)
3 399 (7.75%) Jenkins
4 171 (3.32%) Maven
5 143 (2.78%) TeamCity
6 124 (2.41%) Subversion
7 118 (2.29%) Bitbucket
8 117 (2.27%) Cucumber
9 115 (2.23%) Visual Studio
10 82 (1.59%) Selenium
11 81 (1.57%) JUnit
12 65 (1.26%) Artifactory
13 52 (1.01%) Sonatype Nexus
14 34 (0.66%) Oracle APEX
15 33 (0.64%) CppUnit
15 33 (0.64%) Gradle
15 33 (0.64%) SonarQube
16 32 (0.62%) IntelliJ
16 32 (0.62%) Mockito
17 31 (0.60%) GitLab
General
1 2,533 (49.19%) Finance
2 1,390 (27.00%) Investment Banking
3 1,117 (21.69%) Social Skills
4 614 (11.92%) Front Office
5 368 (7.15%) Analytical Skills
6 318 (6.18%) Retail Banking
7 137 (2.66%) Retail
8 106 (2.06%) Financial Institution
9 91 (1.77%) Presentation Skills
10 88 (1.71%) Back Office
11 74 (1.44%) Documentation Skills
12 67 (1.30%) Legal
13 66 (1.28%) Marketing
14 65 (1.26%) Influencing Skills
15 57 (1.11%) Organisational Skills
16 54 (1.05%) Corporate Banking
17 31 (0.60%) International Banking
17 31 (0.60%) Private Banking
18 28 (0.54%) Public Sector
19 24 (0.47%) General Ledger
Job Titles
1 1,728 (33.56%) Developer
2 722 (14.02%) Java Developer
3 667 (12.95%) Analyst
4 536 (10.41%) Architect
5 388 (7.54%) Business Analyst
6 349 (6.78%) Project Manager
7 278 (5.40%) Senior Developer
8 233 (4.53%) Consultant
9 213 (4.14%) C# Developer
10 202 (3.92%) Banking Analyst
11 184 (3.57%) Solutions Architect
12 164 (3.19%) Senior Java Developer
13 139 (2.70%) Front Office Developer
14 120 (2.33%) Investment Banking Java Developer
15 117 (2.27%) Banking Project Manager
16 115 (2.23%) DevOps Engineer
16 115 (2.23%) SQL Developer
17 109 (2.12%) C++ Developer
18 106 (2.06%) .NET Developer
19 105 (2.04%) Cloud Architect
Libraries, Frameworks & Software Standards
1 532 (10.33%) Spring
2 471 (9.15%) .NET
3 328 (6.37%) Kafka
4 316 (6.14%) AngularJS
5 295 (5.73%) Spring Boot
6 289 (5.61%) REST
7 285 (5.54%) React
8 268 (5.20%) HTML
9 187 (3.63%) Middleware
10 175 (3.40%) RESTful
11 162 (3.15%) HTML5
12 152 (2.95%) Web Services
13 147 (2.85%) CSS
14 142 (2.76%) XML
15 140 (2.72%) .NET Framework
16 139 (2.70%) Node.js
17 133 (2.58%) Hibernate
18 119 (2.31%) .NET Core
19 105 (2.04%) JSON
20 89 (1.73%) Apache Camel
Miscellaneous
1 366 (7.11%) Foreign Exchange (FX)
2 281 (5.46%) Derivative
3 277 (5.38%) Fixed Income
4 212 (4.12%) User Experience
5 140 (2.72%) Equities
6 137 (2.66%) Credit Risk
7 128 (2.49%) Data Structures
8 125 (2.43%) Greenfield Project
9 111 (2.16%) Market Risk
10 101 (1.96%) Mobile App
11 90 (1.75%) Data Protection Act
12 82 (1.59%) Management Information System
13 79 (1.53%) Algorithms
14 69 (1.34%) Public Cloud
15 67 (1.30%) Cloud Native
16 66 (1.28%) Virtual Team
17 63 (1.22%) Enterprise Software
18 55 (1.07%) Data Centre
19 51 (0.99%) Legacy Applications
20 48 (0.93%) Mobile Banking
Operating Systems
1 461 (8.95%) Linux
2 379 (7.36%) Windows
3 267 (5.19%) Unix
4 67 (1.30%) Red Hat Enterprise Linux
5 58 (1.13%) Android
6 50 (0.97%) Windows Server
7 46 (0.89%) Apple iOS
8 33 (0.64%) Windows 10
9 22 (0.43%) Solaris
10 17 (0.33%) VMS
11 13 (0.25%) Windows 7
12 12 (0.23%) AIX
12 12 (0.23%) Windows Server 2016
13 11 (0.21%) Windows Server 2008
14 9 (0.17%) Windows Server 2012
14 9 (0.17%) zOS
15 8 (0.16%) Mac OS
15 8 (0.16%) Mac OS X
16 6 (0.12%) CentOS
17 5 (0.097%) MVS
Processes & Methodologies
1 1,712 (33.25%) Agile Software Development
2 773 (15.01%) DevOps
3 508 (9.87%) Microservices
4 488 (9.48%) Scrum
5 411 (7.98%) Stakeholder Management
6 404 (7.85%) TDD
7 357 (6.93%) Test Automation
8 349 (6.78%) Problem-Solving
9 332 (6.45%) Migration
10 326 (6.33%) Change Management
11 319 (6.20%) Multithreading
12 311 (6.04%) Analytics
13 310 (6.02%) Software Engineering
14 296 (5.75%) Project Management
15 295 (5.73%) SDLC
16 273 (5.30%) Continuous Integration
17 252 (4.89%) Full Stack Development
18 247 (4.80%) Cybersecurity
19 239 (4.64%) Risk Management
20 221 (4.29%) Data Modelling
Programming Languages
1 1,384 (26.88%) Java
2 1,065 (20.68%) SQL
3 677 (13.15%) Python
4 505 (9.81%) C#
5 468 (9.09%) JavaScript
6 246 (4.78%) C++
7 208 (4.04%) Scala
8 197 (3.83%) Java 8
9 152 (2.95%) TypeScript
10 140 (2.72%) PL/SQL
11 113 (2.19%) PowerShell
12 95 (1.85%) Shell Script
13 59 (1.15%) Kotlin
14 53 (1.03%) C
15 50 (0.97%) Bash Shell
15 50 (0.97%) Perl
15 50 (0.97%) VBA
16 41 (0.80%) T-SQL
17 39 (0.76%) PHP
18 37 (0.72%) Groovy
Qualifications
1 283 (5.50%) Degree
2 75 (1.46%) Security Cleared
3 70 (1.36%) SC Cleared
4 58 (1.13%) CISSP
5 51 (0.99%) Computer Science Degree
6 36 (0.70%) Cisco Certification
7 30 (0.58%) CISM
8 25 (0.49%) Microsoft Certification
9 23 (0.45%) PMI Certification
10 20 (0.39%) CCNP
11 19 (0.37%) Master's Degree
12 18 (0.35%) ISEB
13 17 (0.33%) CISA
13 17 (0.33%) PMP
13 17 (0.33%) PRINCE2 Certification
13 17 (0.33%) TOGAF Certification
14 15 (0.29%) PhD
15 14 (0.27%) CIMA
15 14 (0.27%) ITIL Certification
16 13 (0.25%) CRISC
Quality Assurance & Compliance
1 151 (2.93%) QA
2 102 (1.98%) PMO
3 86 (1.67%) Data Quality
4 70 (1.36%) MiFID
5 66 (1.28%) GDPR
6 46 (0.89%) IFRS
6 46 (0.89%) ISO/IEC 27001
7 43 (0.84%) Accessibility
8 35 (0.68%) SLA
9 34 (0.66%) ISO 20022
10 24 (0.47%) NIST
11 22 (0.43%) EMIR
11 22 (0.43%) PSD2
12 21 (0.41%) SEPA
13 20 (0.39%) COBIT
14 19 (0.37%) IFRS 9
15 15 (0.29%) GAAP
16 13 (0.25%) FATCA
16 13 (0.25%) PCI DSS
16 13 (0.25%) Sarbanes-Oxley
System Software
1 348 (6.76%) Docker
2 120 (2.33%) Active Directory
3 75 (1.46%) VMware Infrastructure
4 40 (0.78%) VMware ESXi
5 29 (0.56%) HDFS
6 22 (0.43%) Platform Symphony
7 17 (0.33%) Virtual Machines
8 14 (0.27%) vSphere
9 11 (0.21%) Oracle RAC
9 11 (0.21%) VMware NSX
10 9 (0.17%) XenApp
11 8 (0.16%) Hyper-V
11 8 (0.16%) NFS
11 8 (0.16%) SRDF
11 8 (0.16%) Virtual Desktop
12 6 (0.12%) GridGain
12 6 (0.12%) KVM
12 6 (0.12%) Microsoft App-V
12 6 (0.12%) Xen
13 5 (0.097%) RACF
Systems Management
1 448 (8.70%) Kubernetes
2 212 (4.12%) Ansible
3 159 (3.09%) Terraform
4 80 (1.55%) Puppet
5 47 (0.91%) Opscode Chef
6 34 (0.66%) Control-M
7 25 (0.49%) SCCM
8 22 (0.43%) Active Directory Federation Services
9 20 (0.39%) BladeLogic
10 18 (0.35%) ITRS Geneos
11 17 (0.33%) Microsoft Intune
12 16 (0.31%) Istio
12 16 (0.31%) Kibana
12 16 (0.31%) vRealize Orchestrator
13 15 (0.29%) Grafana
14 13 (0.25%) Network Intrusion Detection System
15 12 (0.23%) CA Single Sign-On
16 11 (0.21%) Single Sign-On
17 10 (0.19%) Packer
17 10 (0.19%) QRadar
Vendors
1 572 (11.11%) Oracle
2 373 (7.24%) Microsoft
3 171 (3.32%) Google
4 140 (2.72%) IBM
5 113 (2.19%) Splunk
6 110 (2.14%) VMware
7 66 (1.28%) Cisco
8 65 (1.26%) Red Hat
9 62 (1.20%) TIBCO
10 61 (1.18%) Databricks
11 60 (1.17%) Citrix
12 59 (1.15%) ION Trading
13 57 (1.11%) Sybase
14 56 (1.09%) Adobe
14 56 (1.09%) SAP
15 51 (0.99%) MuleSoft
16 48 (0.93%) Salesforce.com
17 47 (0.91%) ServiceNow
18 45 (0.87%) Murex
19 41 (0.80%) HP