Period
to 14 December 2019

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 14 December 2019 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
14 Dec 2019
Same period 2018 Same period 2017
Rank 35 22 10
Rank change year-on-year -13 -12 +7
Contract jobs citing Banking 4,344 7,608 10,169
As % of all contract IT jobs advertised in the UK 5.49% 7.25% 9.85%
As % of the General category 14.55% 18.16% 22.68%
Number of daily rates quoted 2,938 5,310 6,982
UK median daily rate £550 £550 £520
Median daily rate % change year-on-year - +5.77% +4.00%
10th Percentile £325 £360 £310
90th Percentile £725 £713 £688
UK excluding London median daily rate £463 £450 £413
% change year-on-year +2.78% +9.09% -0.12%
Number of hourly rates quoted 44 73 35
UK median hourly rate £21.00 £18.70 £15.00
Median hourly rate % change year-on-year +12.30% +24.67% -50.00%
10th Percentile £15.71 £11.17 £13.00
90th Percentile £46.00 £27.25 £27.50
UK excluding London median hourly rate £29.25 £13.23 £13.75
% change year-on-year +121.17% -3.82% -53.39%

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 29,849 41,891 44,828
As % of all contract IT jobs advertised in the UK 37.72% 39.92% 43.42%
Number of daily rates quoted 19,162 27,356 29,613
UK median daily rate £475 £475 £463
Median daily rate % change year-on-year - +2.70% +2.78%
10th Percentile £275 £300 £269
90th Percentile £675 £675 £656
UK excluding London median daily rate £435 £425 £410
% change year-on-year +2.35% +3.66% +2.50%
Number of hourly rates quoted 969 1,131 1,092
UK median hourly rate £22.00 £21.25 £22.50
Median hourly rate % change year-on-year +3.53% -5.56% +12.50%
10th Percentile £12.44 £11.85 £11.35
90th Percentile £50.00 £48.75 £47.50
UK excluding London median hourly rate £20.63 £20.00 £23.00
% change year-on-year +3.13% -13.04% +15.00%

Banking
Job Vacancy Trend

Job postings citing Banking as a percentage of all IT jobs advertised.

Job vacancy trend for Banking in the UK

Banking
Contractor Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Banking.

Contractor daily rate trend for Banking in the UK

Banking
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Banking over the 6 months to 14 December 2019.

Contractor daily rate histogram for Banking in the UK

Banking
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Banking.

Contractor hourly rate trend for Banking in the UK

Banking
Contractor Hourly Rate Histogram

The hourly rate distribution of IT jobs citing Banking over the 6 months to 14 December 2019.

Contractor hourly rate histogram for Banking in the UK

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 14 December 2019. 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 -15 3,792 £550 - 581
London -5 3,005 £575 - 446
UK excluding London -7 1,296 £463 +2.78% 178
Scotland -3 415 £475 +11.76% 36
North of England -18 296 £450 +5.88% 55
South East +35 234 £470 +0.53% 33
North West -7 172 £445 -1.11% 27
South West -69 117 £475 -5.00% 10
Yorkshire -17 98 £500 +25.00% 24
Northern Ireland +4 81 £433 +8.19% 3
Midlands -4 78 £438 -2.78% 25
West Midlands +44 47 £475 +5.56% 16
East of England +55 46 £395 -12.22% 12
North East +26 26 £450 +2.86% 4
East Midlands -34 26 £300 -27.27% 9
Channel Islands 0 24 £500 -
Wales +1 6 £550 +35.80% 4

For the 6 months to 14 December 2019, 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 2,102 (48.39%) Finance
2 1,270 (29.24%) Agile Software Development
3 1,041 (23.96%) Java
4 969 (22.31%) Investment Banking
5 738 (16.99%) SQL
6 527 (12.13%) Python
7 478 (11.00%) DevOps
8 431 (9.92%) Front Office
9 430 (9.90%) Microservices
10 414 (9.53%) JavaScript
11 409 (9.42%) TDD
12 396 (9.12%) AWS
13 377 (8.68%) Azure
14 369 (8.49%) Windows
15 366 (8.43%) Stakeholder Management
16 353 (8.13%) Microsoft
17 352 (8.10%) Oracle
18 332 (7.64%) Scrum
19 317 (7.30%) Analytical Skills
20 306 (7.04%) Linux
21 303 (6.98%) Migration
22 296 (6.81%) C#
23 282 (6.49%) JIRA
24 278 (6.40%) Docker
25 275 (6.33%) Problem-Solving
26 272 (6.26%) .NET
27 269 (6.19%) Kubernetes
28 266 (6.12%) Project Management
29 255 (5.87%) Analytics
30 251 (5.78%) 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
1 126 (2.90%) Confluence
2 106 (2.44%) Apache Spark
3 64 (1.47%) SAS
4 62 (1.43%) SharePoint
5 59 (1.36%) Apache
6 33 (0.76%) WebSphere
7 31 (0.71%) IIS
8 29 (0.67%) Elasticsearch
9 28 (0.64%) MS Exchange
10 27 (0.62%) Cloud Foundry
11 23 (0.53%) CMS
12 22 (0.51%) nginx
13 21 (0.48%) Skype for Business
14 14 (0.32%) Adobe Experience Manager
14 14 (0.32%) Mule
15 13 (0.30%) Tomcat
16 12 (0.28%) Anypoint
16 12 (0.28%) Oracle Coherence
17 11 (0.25%) Exchange Server 2010
17 11 (0.25%) JBoss
Applications
1 169 (3.89%) Microsoft Excel
2 111 (2.56%) Microsoft Office
3 68 (1.57%) Microsoft PowerPoint
4 30 (0.69%) MS Visio
5 22 (0.51%) Microsoft Project
5 22 (0.51%) Sketch
6 12 (0.28%) InVision
7 11 (0.25%) Spreadsheet
8 10 (0.23%) SPSS
9 8 (0.18%) Zeplin
10 7 (0.16%) Adobe Illustrator
10 7 (0.16%) Chatbot
10 7 (0.16%) Photoshop
11 2 (0.046%) Flinto
11 2 (0.046%) InfoPath
11 2 (0.046%) OmniGraffle
11 2 (0.046%) RoboHelp
11 2 (0.046%) Snagit
11 2 (0.046%) UserZoom
12 1 (0.023%) Adobe XD
Business Applications
1 35 (0.81%) FINCAD Analytics
2 29 (0.67%) Dynamics CRM
3 18 (0.41%) Oracle Receivables
4 17 (0.39%) SAP Oil and Gas
4 17 (0.39%) Temenos T24
5 14 (0.32%) Oracle Assets
5 14 (0.32%) Oracle General Ledger
5 14 (0.32%) Oracle Payables
6 13 (0.30%) Oracle Cash Management
7 12 (0.28%) Oracle FAH
8 11 (0.25%) Oracle Internet Expenses
8 11 (0.25%) Oracle iProcurement
8 11 (0.25%) Salesforce.com CRM
9 10 (0.23%) SAP S/4HANA
10 9 (0.21%) BusinessWorks
11 8 (0.18%) Oracle Subledger Accounting
11 8 (0.18%) thinkFolio
12 6 (0.14%) Oracle EBS
13 5 (0.12%) Actimize
13 5 (0.12%) Dynamics AX
Cloud Services
1 396 (9.12%) AWS
2 377 (8.68%) Azure
3 236 (5.43%) GCP
4 110 (2.53%) Office 365
5 84 (1.93%) GitHub
6 64 (1.47%) OpenShift
7 61 (1.40%) PaaS
8 58 (1.34%) Power Platform
9 56 (1.29%) Serverless
10 49 (1.13%) AWS Lambda
11 43 (0.99%) SaaS
12 41 (0.94%) npm
13 35 (0.81%) AWS Step Functions
13 35 (0.81%) IaaS
14 29 (0.67%) Amazon S3
15 24 (0.55%) Amazon EC2
15 24 (0.55%) Azure Active Directory
16 21 (0.48%) Apigee
17 19 (0.44%) Amazon EKS
18 17 (0.39%) Dynamics 365
Communications & Networking
1 106 (2.44%) Firewall
2 68 (1.57%) LAN
3 58 (1.34%) WAN
4 52 (1.20%) HTTP
5 49 (1.13%) TCP/IP
6 42 (0.97%) Internet
6 42 (0.97%) Network Security
7 38 (0.87%) DNS
8 37 (0.85%) Multicast
9 35 (0.81%) VPN
10 30 (0.69%) Cisco Nexus
11 29 (0.67%) Wireless
12 27 (0.62%) BGP
13 25 (0.58%) OSPF
14 24 (0.55%) MPLS
15 23 (0.53%) HTTPS
15 23 (0.53%) SAN
16 22 (0.51%) Cisco IOS
16 22 (0.51%) DHCP
17 18 (0.41%) Junos
Database & Business Intelligence
1 242 (5.57%) SQL Server
2 180 (4.14%) Big Data
3 153 (3.52%) NoSQL
4 122 (2.81%) Relational Database
5 121 (2.79%) Data Warehouse
6 114 (2.62%) Hadoop
7 95 (2.19%) SQL Server Integration Services
8 88 (2.03%) SQL Server Reporting Services
9 84 (1.93%) PostgreSQL
10 83 (1.91%) MongoDB
10 83 (1.91%) Oracle Database
11 64 (1.47%) Amazon DynamoDB
12 60 (1.38%) Apache Cassandra
13 59 (1.36%) RDBMS
14 56 (1.29%) Power BI
15 55 (1.27%) Apache Hive
16 46 (1.06%) Redis
17 45 (1.04%) MySQL
18 44 (1.01%) HBase
19 43 (0.99%) Impala
Development Applications
1 282 (6.49%) JIRA
2 232 (5.34%) Git (software)
3 214 (4.93%) Jenkins
4 111 (2.56%) Maven
5 110 (2.53%) Selenium
6 102 (2.35%) TeamCity
7 81 (1.86%) JUnit
8 77 (1.77%) Cucumber
9 70 (1.61%) Sonatype Nexus
10 49 (1.13%) Eclipse
11 46 (1.06%) Artifactory
12 45 (1.04%) Subversion
13 42 (0.97%) Bitbucket
14 34 (0.78%) Gradle
15 30 (0.69%) CircleCI
15 30 (0.69%) webpack
16 29 (0.67%) Team Foundation Server
16 29 (0.67%) Xcode
17 27 (0.62%) GitLab
18 23 (0.53%) gulp
General
1 2,102 (48.39%) Finance
2 969 (22.31%) Investment Banking
3 431 (9.92%) Front Office
4 220 (5.06%) Retail Banking
5 168 (3.87%) Retail
6 133 (3.06%) Financial Institution
7 94 (2.16%) Telecoms
8 82 (1.89%) Marketing
9 78 (1.80%) Back Office
10 73 (1.68%) Legal
11 63 (1.45%) Corporate Banking
12 47 (1.08%) International Banking
13 40 (0.92%) Law
14 39 (0.90%) Public Sector
15 32 (0.74%) Private Banking
16 25 (0.58%) Games
17 23 (0.53%) Publishing
18 16 (0.37%) Billing
19 15 (0.35%) Electronics
19 15 (0.35%) German Language
Job Titles
1 1,443 (33.22%) Developer
2 666 (15.33%) Analyst
3 428 (9.85%) Java Developer
4 318 (7.32%) Architect
5 291 (6.70%) Senior Developer
6 286 (6.58%) Business Analyst
7 193 (4.44%) Project Manager
8 168 (3.87%) Banking Analyst
9 161 (3.71%) DevOps Engineer
10 142 (3.27%) Python Developer
11 137 (3.15%) Senior Java Developer
12 135 (3.11%) Consultant
13 122 (2.81%) C# Developer
14 109 (2.51%) SQL Developer
15 105 (2.42%) Solutions Architect
16 93 (2.14%) .NET Developer
17 88 (2.03%) Full Stack Developer
18 86 (1.98%) Data Analyst
19 84 (1.93%) Java Engineer
20 83 (1.91%) React Developer
Libraries, Frameworks & Software Standards
1 272 (6.26%) .NET
2 235 (5.41%) AngularJS
3 211 (4.86%) HTML
4 210 (4.83%) Web Services
5 204 (4.70%) React
6 203 (4.67%) Spring
7 198 (4.56%) Kafka
8 180 (4.14%) REST
9 174 (4.01%) Node.js
10 166 (3.82%) CSS
11 149 (3.43%) Spring Boot
12 125 (2.88%) RESTful
13 120 (2.76%) XML
14 98 (2.26%) HTML5
15 94 (2.16%) JSON
16 91 (2.09%) SOAP
17 69 (1.59%) J2EE
18 61 (1.40%) Hibernate
19 56 (1.29%) FIX Protocol
20 53 (1.22%) Middleware
Miscellaneous
1 317 (7.30%) Analytical Skills
2 248 (5.71%) Derivative
3 198 (4.56%) Foreign Exchange (FX)
4 186 (4.28%) User Experience
5 170 (3.91%) Fixed Income
6 155 (3.57%) Equities
7 121 (2.79%) Greenfield Project
8 120 (2.76%) Data Centre
9 102 (2.35%) Mobile App
10 78 (1.80%) Equity Derivative
10 78 (1.80%) Mobile Banking
11 74 (1.70%) Credit Risk
12 72 (1.66%) Virtual Team
13 70 (1.61%) Management Information System
14 68 (1.57%) Hedge funds
15 67 (1.54%) Self-Motivation
16 62 (1.43%) Public Cloud
17 59 (1.36%) Data Structures
18 57 (1.31%) Market Risk
19 49 (1.13%) Algorithms
Operating Systems
1 369 (8.49%) Windows
2 306 (7.04%) Linux
3 208 (4.79%) Unix
4 154 (3.55%) Windows 10
5 108 (2.49%) Android
6 99 (2.28%) Windows 7
7 94 (2.16%) Windows Server
8 78 (1.80%) Apple iOS
9 39 (0.90%) Red Hat Enterprise Linux
10 35 (0.81%) Windows Server 2012
11 33 (0.76%) Windows Server 2008
12 29 (0.67%) Solaris
13 22 (0.51%) CentOS
14 15 (0.35%) CoreOS
15 9 (0.21%) AIX
15 9 (0.21%) HPUX
16 6 (0.14%) Check Point GAiA
16 6 (0.14%) Mac OS
16 6 (0.14%) VMS
17 4 (0.092%) Ubuntu
Processes & Methodologies
1 1,270 (29.24%) Agile Software Development
2 478 (11.00%) DevOps
3 430 (9.90%) Microservices
4 409 (9.42%) TDD
5 366 (8.43%) Stakeholder Management
6 332 (7.64%) Scrum
7 303 (6.98%) Migration
8 275 (6.33%) Problem-Solving
9 266 (6.12%) Project Management
10 255 (5.87%) Analytics
11 251 (5.78%) Test Automation
12 233 (5.36%) Continuous Integration
13 232 (5.34%) Software Engineering
14 196 (4.51%) BDD
15 192 (4.42%) SDLC
16 191 (4.40%) Fintech
17 186 (4.28%) Change Management
18 175 (4.03%) Asset Management
19 166 (3.82%) Risk Management
20 164 (3.78%) ITIL
Programming Languages
1 1,041 (23.96%) Java
2 738 (16.99%) SQL
3 527 (12.13%) Python
4 414 (9.53%) JavaScript
5 296 (6.81%) C#
6 165 (3.80%) Scala
7 121 (2.79%) Java 8
8 119 (2.74%) PowerShell
9 112 (2.58%) C++
10 103 (2.37%) Kotlin
11 88 (2.03%) TypeScript
12 85 (1.96%) PL/SQL
13 71 (1.63%) VBA
14 64 (1.47%) C
15 55 (1.27%) Perl
15 55 (1.27%) T-SQL
16 53 (1.22%) R
17 46 (1.06%) Bash Shell
18 45 (1.04%) Go
19 38 (0.87%) Apple Swift
Qualifications
1 208 (4.79%) Degree
2 65 (1.50%) Security Cleared
3 60 (1.38%) SC Cleared
4 40 (0.92%) CISSP
5 35 (0.81%) Cisco Certification
6 30 (0.69%) ISTQB
6 30 (0.69%) PMI Certification
7 26 (0.60%) Computer Science Degree
8 25 (0.58%) ITIL Certification
9 24 (0.55%) PMP
10 23 (0.53%) CISM
11 21 (0.48%) CCNP
11 21 (0.48%) ISEB
12 17 (0.39%) CCNA
12 17 (0.39%) PhD
13 15 (0.35%) CISA
13 15 (0.35%) Microsoft Certification
14 12 (0.28%) PRINCE2 Certification
15 11 (0.25%) Master's Degree
15 11 (0.25%) MCSE
Quality Assurance & Compliance
1 144 (3.31%) QA
2 98 (2.26%) PMO
3 60 (1.38%) MiFID
4 54 (1.24%) Data Quality
5 51 (1.17%) PSD2
6 39 (0.90%) SLA
7 29 (0.67%) ISO/IEC 27001
8 26 (0.60%) EMIR
9 25 (0.58%) GDPR
10 18 (0.41%) SEPA
11 17 (0.39%) Dodd-Frank
12 13 (0.30%) COBIT
12 13 (0.30%) NIST
13 12 (0.28%) IFRS
14 11 (0.25%) IFRS 9
15 9 (0.21%) ITGC
16 8 (0.18%) Sarbanes-Oxley
17 7 (0.16%) COREP
18 6 (0.14%) PCI DSS
19 4 (0.092%) HMG Infosec
System Software
1 278 (6.40%) Docker
2 172 (3.96%) Active Directory
3 45 (1.04%) VMware Infrastructure
4 41 (0.94%) XenDesktop
5 37 (0.85%) XenApp
6 32 (0.74%) HDFS
7 23 (0.53%) Virtual Machines
8 20 (0.46%) VMware ESXi
9 15 (0.35%) Oracle RAC
10 13 (0.30%) Citrix Hypervisor
10 13 (0.30%) vSphere
11 11 (0.25%) Virtual Desktop
12 9 (0.21%) Hyper-V
12 9 (0.21%) NFS
13 8 (0.18%) LXC
13 8 (0.18%) OpenAM
13 8 (0.18%) OpenDJ
14 7 (0.16%) ProxySG
15 6 (0.14%) Firmware
15 6 (0.14%) Gluster
Systems Management
1 269 (6.19%) Kubernetes
2 167 (3.84%) Ansible
3 129 (2.97%) Terraform
4 67 (1.54%) Puppet
5 56 (1.29%) SCCM
6 38 (0.87%) Opscode Chef
7 23 (0.53%) Grafana
8 17 (0.39%) Data Guard
8 17 (0.39%) HP Quality Center
9 16 (0.37%) Cisco CUCM
10 15 (0.35%) Hadoop YARN
11 14 (0.32%) Control-M
11 14 (0.32%) Single Sign-On
12 12 (0.28%) ITRS Geneos
13 11 (0.25%) Kibana
13 11 (0.25%) Oracle RMAN
14 9 (0.21%) Nagios
15 8 (0.18%) Cacti
15 8 (0.18%) Cisco Prime
15 8 (0.18%) ZABBIX
Vendors
1 353 (8.13%) Microsoft
2 352 (8.10%) Oracle
3 167 (3.84%) Google
4 104 (2.39%) Cisco
5 91 (2.09%) IBM
6 87 (2.00%) VMware
7 77 (1.77%) HP
8 73 (1.68%) Citrix
9 63 (1.45%) Splunk
10 62 (1.43%) SAP
11 52 (1.20%) Dell
12 50 (1.15%) Red Hat
13 48 (1.10%) MuleSoft
13 48 (1.10%) Tableau
14 47 (1.08%) Sybase
15 46 (1.06%) Salesforce.com
16 39 (0.90%) Adobe
17 35 (0.81%) Bloomberg
18 32 (0.74%) Informatica
19 30 (0.69%) Juniper