Period
to

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 23 May 2022 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
23 May 2022
Same period 2021 Same period 2020
Rank 25 22 39
Rank change year-on-year -3 +17 -16
Contract jobs citing Banking 6,291 4,069 2,587
As % of all contract jobs advertised in the UK 7.25% 6.98% 5.37%
As % of the General category 12.83% 13.20% 10.52%
Number of daily rates quoted 4,118 2,818 1,749
10th Percentile £425 £369 £344
25th Percentile £513 £450 £425
Median daily rate (50th Percentile) £625 £563 £550
Median % change year-on-year +11.11% +2.27% +2.33%
75th Percentile £750 £675 £656
90th Percentile £825 £750 £741
UK excluding London median daily rate £500 £430 £441
% change year-on-year +16.28% -2.55% -1.94%
Number of hourly rates quoted 26 33 18
10th Percentile £12.51 £11.17 £13.51
25th Percentile £21.00 £12.30 £14.09
Median hourly rate £26.00 £14.03 £19.23
Median % change year-on-year +85.32% -27.02% -1.41%
75th Percentile £39.04 £16.68 £27.53
90th Percentile £56.25 £22.95 £66.00
UK excluding London median hourly rate £16.00 £14.03 £14.49
% change year-on-year +14.04% -3.17% +5.38%

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 49,034 30,825 24,581
As % of all contract IT jobs advertised in the UK 56.53% 52.86% 51.02%
Number of daily rates quoted 34,000 20,611 15,946
10th Percentile £321 £300 £256
25th Percentile £425 £400 £375
Median daily rate (50th Percentile) £538 £500 £475
Median % change year-on-year +7.50% +5.26% -
75th Percentile £650 £600 £588
90th Percentile £750 £700 £675
UK excluding London median daily rate £475 £438 £438
% change year-on-year +8.57% - +2.94%
Number of hourly rates quoted 1,397 1,132 1,012
10th Percentile £12.50 £12.00 £12.42
25th Percentile £15.00 £14.25 £15.00
Median hourly rate £22.50 £22.00 £20.00
Median % change year-on-year +2.27% +10.00% +6.95%
75th Percentile £47.40 £43.75 £40.52
90th Percentile £59.40 £55.00 £52.50
UK excluding London median hourly rate £19.25 £19.00 £19.00
% change year-on-year +1.29% - +5.56%

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 23 May 2022.

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 23 May 2022.

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 23 May 2022. 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 -3 5,327 £643 +11.74% 723
London -1 4,577 £650 +8.33% 521
Work from Home +1 2,628 £600 +11.11% 223
UK excluding London -29 838 £500 +16.28% 284
North of England +3 273 £493 +9.44% 102
Scotland -9 227 £525 +16.67% 65
North West -15 150 £475 +6.50% 69
Yorkshire +17 116 £500 +2.88% 26
South West +20 100 £500 +13.64% 26
Midlands -51 98 £505 +27.53% 22
South East -20 82 £521 +17.18% 41
West Midlands -39 57 £525 +29.23% 12
East Midlands -28 41 £430 +11.98% 10
Northern Ireland -8 23 £475 +10.47% 7
East of England -16 20 £425 -1.45% 8
Wales -10 13 £550 +27.17% 13
North East -2 7 £488 +52.34% 8
Isle of Man - 3 £350 -

For the 6 months to 23 May 2022, 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 3,304 (52.52%) Finance
2 2,067 (32.86%) Agile
3 1,775 (28.21%) Investment Banking
4 1,570 (24.96%) Social Skills
5 1,256 (19.97%) Java
6 1,205 (19.15%) SQL
7 880 (13.99%) DevOps
8 845 (13.43%) Python
9 766 (12.18%) Azure
10 750 (11.92%) Front Office
11 655 (10.41%) CI/CD
12 646 (10.27%) Change Management
13 642 (10.21%) C#
14 611 (9.71%) Stakeholder Management
15 608 (9.66%) Analytical Skills
16 598 (9.51%) Problem-Solving
17 591 (9.39%) JIRA
18 544 (8.65%) Microsoft
19 543 (8.63%) Project Management
20 534 (8.49%) .NET
21 533 (8.47%) Microservices
22 525 (8.35%) Oracle
23 520 (8.27%) Scrum
24 493 (7.84%) Retail Banking
25 489 (7.77%) AWS
26 485 (7.71%) Migration
27 444 (7.06%) JavaScript
27 444 (7.06%) Digital Transformation Programme
28 443 (7.04%) Windows
29 436 (6.93%) Spring

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
1 289 (4.59%) Confluence
2 127 (2.02%) SharePoint
3 123 (1.96%) Apache Spark
4 61 (0.97%) Apache
5 57 (0.91%) Mule
6 55 (0.87%) WebSphere
7 49 (0.78%) Red Hat Fuse
8 46 (0.73%) SAS
9 37 (0.59%) Elasticsearch
10 36 (0.57%) JBoss
11 31 (0.49%) Tomcat
12 29 (0.46%) CMS
13 25 (0.40%) IIS
14 23 (0.37%) WebLogic
15 17 (0.27%) nginx
16 15 (0.24%) Cloud Foundry
16 15 (0.24%) MQSeries
17 14 (0.22%) CICS
17 14 (0.22%) Oracle Coherence
18 10 (0.16%) Oracle SOA Suite
Applications
1 246 (3.91%) Microsoft Excel
2 111 (1.76%) Microsoft Office
3 80 (1.27%) MS Visio
4 78 (1.24%) Microsoft PowerPoint
5 53 (0.84%) Microsoft Project
6 31 (0.49%) Sketch
7 27 (0.43%) Spreadsheet
8 20 (0.32%) Chatbot
9 15 (0.24%) InVision
10 13 (0.21%) Adobe Creative Suite
11 5 (0.079%) Adobe Illustrator
12 4 (0.064%) InDesign
12 4 (0.064%) Photoshop
13 3 (0.048%) Acrobat
14 2 (0.032%) Adobe XD
14 2 (0.032%) Notepad++
14 2 (0.032%) Open Workbench
14 2 (0.032%) UserZoom
15 1 (0.016%) Adobe After Effects
15 1 (0.016%) Zeplin
Business Applications
1 24 (0.38%) ION MarketView
2 22 (0.35%) Temenos T24
3 19 (0.30%) Dynamics CRM
4 14 (0.22%) SAP FI
5 13 (0.21%) SAP CO
5 13 (0.21%) SAP FI/CO
5 13 (0.21%) SunGard Martini
6 11 (0.17%) Misys Midas
7 10 (0.16%) VisionPLUS
8 9 (0.14%) FLEXCUBE
8 9 (0.14%) PeopleSoft HRMS
9 8 (0.13%) SAP Oil and Gas
10 7 (0.11%) Oracle Payables
11 6 (0.095%) Findur
11 6 (0.095%) Oracle Applications
11 6 (0.095%) SAP S/4HANA
11 6 (0.095%) Sentinel
11 6 (0.095%) Temenos Globus
12 5 (0.079%) CA PPM
12 5 (0.079%) HiPortfolio
Cloud Services
1 766 (12.18%) Azure
2 489 (7.77%) AWS
3 368 (5.85%) GCP
4 136 (2.16%) Power Platform
5 123 (1.96%) SaaS
6 120 (1.91%) Microsoft 365
7 109 (1.73%) GitHub
8 107 (1.70%) IaaS
9 100 (1.59%) PaaS
10 87 (1.38%) Serverless
11 70 (1.11%) Azure Data Factory
12 67 (1.07%) OpenShift
13 39 (0.62%) Azure Active Directory
13 39 (0.62%) PowerApps
14 37 (0.59%) Azure Synapse Analytics
15 36 (0.57%) Cloud Computing
16 35 (0.56%) Dynamics 365
17 33 (0.52%) AWS Lambda
18 31 (0.49%) Power Automate
19 30 (0.48%) Figma
Communications & Networking
1 163 (2.59%) Firewall
2 85 (1.35%) Network Security
3 67 (1.07%) TCP/IP
4 51 (0.81%) DNS
5 43 (0.68%) SAN
6 33 (0.52%) HTTP
7 30 (0.48%) Internet
8 28 (0.45%) Multicast
9 27 (0.43%) VPN
10 26 (0.41%) BGP
10 26 (0.41%) RTMP
11 25 (0.40%) DHCP
12 24 (0.38%) WAN
13 23 (0.37%) SSL
14 22 (0.35%) LAN
14 22 (0.35%) OSPF
15 20 (0.32%) DSL
15 20 (0.32%) X.509
16 19 (0.30%) HTTPS
16 19 (0.30%) Kerberos
Database & Business Intelligence
1 435 (6.91%) SQL Server
2 264 (4.20%) Relational Database
3 182 (2.89%) Data Warehouse
3 182 (2.89%) NoSQL
4 165 (2.62%) Big Data
5 137 (2.18%) MongoDB
6 129 (2.05%) Oracle Database
7 111 (1.76%) Power BI
8 89 (1.41%) MySQL
9 81 (1.29%) PostgreSQL
10 78 (1.24%) Hadoop
11 74 (1.18%) RDBMS
12 72 (1.14%) Tableau
13 64 (1.02%) DB2
14 59 (0.94%) Data Lake
15 57 (0.91%) SQL Server Integration Services
16 47 (0.75%) SQL Server Reporting Services
17 46 (0.73%) Oracle Database 12c
18 45 (0.72%) Metadata
19 35 (0.56%) Delta Lake
Development Applications
1 591 (9.39%) JIRA
2 400 (6.36%) Git (software)
3 397 (6.31%) Jenkins
4 218 (3.47%) TeamCity
5 189 (3.00%) Maven
6 130 (2.07%) Selenium
7 117 (1.86%) GitLab
8 108 (1.72%) Cucumber
9 94 (1.49%) Bitbucket
10 76 (1.21%) Subversion
11 70 (1.11%) Gradle
12 69 (1.10%) Visual Studio
13 59 (0.94%) Artifactory
14 53 (0.84%) JUnit
15 52 (0.83%) webpack
16 49 (0.78%) Sonatype Nexus
17 47 (0.75%) Postman
18 33 (0.52%) IBM UrbanCode
19 29 (0.46%) CircleCI
20 26 (0.41%) SonarQube
General
1 3,304 (52.52%) Finance
2 1,775 (28.21%) Investment Banking
3 1,570 (24.96%) Social Skills
4 750 (11.92%) Front Office
5 608 (9.66%) Analytical Skills
6 493 (7.84%) Retail Banking
7 276 (4.39%) Retail
8 199 (3.16%) Presentation Skills
9 161 (2.56%) Corporate Banking
10 148 (2.35%) Legal
11 147 (2.34%) Financial Institution
12 104 (1.65%) Influencing Skills
13 92 (1.46%) Organisational Skills
14 70 (1.11%) Back Office
15 57 (0.91%) Documentation Skills
16 50 (0.79%) International Banking
17 47 (0.75%) Telecoms
18 46 (0.73%) Marketing
19 42 (0.67%) Law
20 32 (0.51%) Private Banking
Job Titles
1 1,841 (29.26%) Developer
2 978 (15.55%) Analyst
3 654 (10.40%) Architect
4 616 (9.79%) Java Developer
5 601 (9.55%) Business Analyst
6 567 (9.01%) Project Manager
7 351 (5.58%) Senior Developer
8 286 (4.55%) Banking Analyst
9 272 (4.32%) C# Developer
10 246 (3.91%) Solutions Architect
11 212 (3.37%) Python Developer
12 170 (2.70%) Senior Java Developer
13 150 (2.38%) Consultant
14 143 (2.27%) Banking Business Analyst
15 140 (2.23%) DevOps Engineer
16 136 (2.16%) .NET Developer
17 133 (2.11%) Data Engineer
18 124 (1.97%) React Developer
19 121 (1.92%) Banking Project Manager
20 118 (1.88%) Security Architect
Libraries, Frameworks & Software Standards
1 534 (8.49%) .NET
2 436 (6.93%) Spring
3 352 (5.60%) React
4 260 (4.13%) HTML
5 257 (4.09%) Kafka
6 253 (4.02%) Spring Boot
7 233 (3.70%) REST
8 211 (3.35%) CSS
9 208 (3.31%) AngularJS
10 194 (3.08%) RESTful
11 188 (2.99%) XML
12 175 (2.78%) Node.js
13 165 (2.62%) Middleware
14 158 (2.51%) .NET Framework
15 130 (2.07%) WPF
16 129 (2.05%) JSON
17 124 (1.97%) Web Services
18 119 (1.89%) HTML5
19 100 (1.59%) .NET Core
20 88 (1.40%) Hibernate
Miscellaneous
1 365 (5.80%) Foreign Exchange (FX)
2 253 (4.02%) Derivative
3 246 (3.91%) Fixed Income
4 221 (3.51%) User Experience
5 161 (2.56%) Public Cloud
6 144 (2.29%) Greenfield Project
7 126 (2.00%) Algorithms
8 123 (1.96%) Virtual Team
9 121 (1.92%) Credit Risk
10 119 (1.89%) Data Centre
11 114 (1.81%) Data Structures
12 111 (1.76%) Data Protection Act
13 102 (1.62%) Equities
14 98 (1.56%) Management Information System
15 97 (1.54%) Market Risk
15 97 (1.54%) Mobile App
16 92 (1.46%) Self-Motivation
17 85 (1.35%) Enterprise Software
18 68 (1.08%) Mainframe
19 63 (1.00%) Cloud Native
Operating Systems
1 443 (7.04%) Windows
2 415 (6.60%) Linux
3 295 (4.69%) Unix
4 100 (1.59%) Windows Server
5 95 (1.51%) Android
6 85 (1.35%) Red Hat Enterprise Linux
7 84 (1.34%) Apple iOS
8 48 (0.76%) Windows 10
9 17 (0.27%) AIX
9 17 (0.27%) Solaris
10 16 (0.25%) VMS
11 14 (0.22%) Windows 7
12 13 (0.21%) Windows Server 2012
13 12 (0.19%) zOS
14 11 (0.17%) Ubuntu
15 9 (0.14%) Windows Server 2016
16 7 (0.11%) Windows Server 2008
17 6 (0.095%) Mac OS
18 5 (0.079%) CentOS
18 5 (0.079%) Oracle Linux
Processes & Methodologies
1 2,067 (32.86%) Agile
2 880 (13.99%) DevOps
3 655 (10.41%) CI/CD
4 646 (10.27%) Change Management
5 611 (9.71%) Stakeholder Management
6 598 (9.51%) Problem-Solving
7 543 (8.63%) Project Management
8 533 (8.47%) Microservices
9 520 (8.27%) Scrum
10 485 (7.71%) Migration
11 444 (7.06%) Digital Transformation Programme
12 401 (6.37%) Analytics
13 382 (6.07%) Test Automation
14 363 (5.77%) TDD
15 351 (5.58%) Multithreading
16 334 (5.31%) SDLC
17 333 (5.29%) Electronic Trading
18 326 (5.18%) Project Delivery
19 313 (4.98%) Business Analysis
20 312 (4.96%) Risk Management
Programming Languages
1 1,256 (19.97%) Java
2 1,205 (19.15%) SQL
3 845 (13.43%) Python
4 642 (10.21%) C#
5 444 (7.06%) JavaScript
6 249 (3.96%) C++
7 199 (3.16%) PowerShell
8 187 (2.97%) TypeScript
9 152 (2.42%) Scala
10 112 (1.78%) Shell Script
11 111 (1.76%) PL/SQL
12 101 (1.61%) T-SQL
13 86 (1.37%) Bash
14 84 (1.34%) VBA
15 74 (1.18%) C
16 62 (0.99%) Kotlin
17 50 (0.79%) Perl
18 43 (0.68%) Groovy
19 39 (0.62%) VB
20 34 (0.54%) Go
Qualifications
1 226 (3.59%) Degree
2 61 (0.97%) Computer Science Degree
3 60 (0.95%) CISSP
4 40 (0.64%) Security Cleared
5 36 (0.57%) CISM
6 35 (0.56%) Cisco Certification
7 32 (0.51%) SC Cleared
8 30 (0.48%) PMI Certification
9 27 (0.43%) PMP
10 24 (0.38%) Master's Degree
11 23 (0.37%) ITIL Certification
11 23 (0.37%) Numerate Degree
12 20 (0.32%) CISA
13 19 (0.30%) Microsoft Certification
14 18 (0.29%) CCNP
15 16 (0.25%) AWS Certification
15 16 (0.25%) PhD
16 14 (0.22%) (ISC)2 CCSP
17 13 (0.21%) CFA
18 12 (0.19%) CCNA
Quality Assurance & Compliance
1 228 (3.62%) QA
2 110 (1.75%) PMO
3 95 (1.51%) Data Quality
4 89 (1.41%) GDPR
5 53 (0.84%) ISO/IEC 27001
6 45 (0.72%) Accessibility
7 43 (0.68%) MiFID
8 40 (0.64%) ISO 20022
8 40 (0.64%) SLA
9 36 (0.57%) NIST
10 34 (0.54%) IFRS
11 31 (0.49%) SEPA
12 20 (0.32%) GRC
13 19 (0.30%) EMIR
13 19 (0.30%) GAAP
14 18 (0.29%) PCI DSS
14 18 (0.29%) PSD2
15 17 (0.27%) Sarbanes-Oxley
16 15 (0.24%) COBIT
17 14 (0.22%) WCAG
System Software
1 360 (5.72%) Docker
2 143 (2.27%) Active Directory
3 80 (1.27%) VMware Infrastructure
4 31 (0.49%) vSphere
5 27 (0.43%) Virtual Machines
6 25 (0.40%) Oracle RAC
7 22 (0.35%) HDFS
8 18 (0.29%) VMware ESXi
9 16 (0.25%) Virtual Desktop
10 10 (0.16%) XenApp
10 10 (0.16%) XenDesktop
11 9 (0.14%) Hyper-V
12 7 (0.11%) Microsoft App-V
12 7 (0.11%) RACF
12 7 (0.11%) Virtual Servers
13 6 (0.095%) NFS
14 5 (0.079%) Apache Flume
14 5 (0.079%) GridGain
14 5 (0.079%) Tivoli Workload Scheduler
14 5 (0.079%) Veritas Volume Manager
Systems Management
1 420 (6.68%) Kubernetes
2 221 (3.51%) Terraform
3 197 (3.13%) Ansible
4 46 (0.73%) SCCM
5 40 (0.64%) Puppet
6 38 (0.60%) ITRS Geneos
7 33 (0.52%) BladeLogic
8 32 (0.51%) Opscode Chef
9 28 (0.45%) Single Sign-On
10 27 (0.43%) Grafana
11 25 (0.40%) Active Directory Federation Services
11 25 (0.40%) Tivoli
12 24 (0.38%) Data Guard
12 24 (0.38%) Istio
13 23 (0.37%) Control-M
14 21 (0.33%) Kibana
15 19 (0.30%) Consul
16 17 (0.27%) SCOM
17 16 (0.25%) Tivoli Storage Manager
18 15 (0.24%) Microsoft Intune
Vendors
1 544 (8.65%) Microsoft
2 525 (8.35%) Oracle
3 198 (3.15%) Google
4 188 (2.99%) IBM
5 120 (1.91%) Databricks
6 111 (1.76%) Splunk
7 98 (1.56%) VMware
8 88 (1.40%) TIBCO
9 84 (1.34%) Cisco
10 72 (1.14%) Red Hat
11 71 (1.13%) SAP
12 66 (1.05%) Bloomberg
12 66 (1.05%) ServiceNow
13 63 (1.00%) Sybase
14 50 (0.79%) DevExpress
15 49 (0.78%) ION Trading
16 47 (0.75%) Citrix
17 42 (0.67%) Reuters
18 40 (0.64%) F5
19 38 (0.60%) Salesforce.com