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

6 months to
3 Apr 2025
Same period 2024 Same period 2023
Rank 24 25 22
Rank change year-on-year +1 -3 +5
Contract jobs citing Banking 2,249 2,741 4,895
As % of all contract jobs advertised in the UK 7.73% 6.21% 7.83%
As % of the General category 12.28% 10.67% 13.34%
Number of daily rates quoted 1,424 1,829 3,338
10th Percentile £356 £385 £450
25th Percentile £450 £500 £525
Median daily rate (50th Percentile) £600 £615 £650
Median % change year-on-year -2.44% -5.38% +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 8
10th Percentile £15.55 £12.42 £16.50
25th Percentile £18.10 £17.85 £20.07
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 £44.31
90th Percentile £58.78 £78.38 £57.03
UK excluding London median hourly rate £18.36 £22.00 £33.18
% change year-on-year -16.56% -33.70% +122.78%

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 18,315 25,690 36,698
As % of all contract IT jobs advertised in the UK 62.96% 58.19% 58.72%
Number of daily rates quoted 11,738 16,325 25,359
10th Percentile £300 £270 £313
25th Percentile £408 £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 718 1,861 1,135
10th Percentile £15.00 £12.78 £14.20
25th Percentile £18.92 £15.29 £18.13
Median hourly rate £29.00 £26.00 £35.00
Median % change year-on-year +11.54% -25.71% +62.79%
75th Percentile £58.10 £50.00 £62.50
90th Percentile £75.00 £65.00 £70.00
UK excluding London median hourly rate £27.50 £25.00 £30.76
% change year-on-year +10.00% -18.71% +70.86%

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 3 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 3 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 3 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% 2,204
London -2 1,501 £638 -1.92% 1,810
Work from Home +1 832 £600 -2.04% 883
UK excluding London +43 620 £475 -9.52% 687
Scotland +14 239 £479 -20.17% 143
North of England +21 227 £455 -9.00% 149
Yorkshire +22 112 £545 +28.24% 58
North West +22 112 £400 -23.81% 82
Midlands +37 54 £550 +5.77% 96
Northern Ireland +8 33 £404 -10.28% 13
South West +34 29 £595 -6.11% 61
South East -2 29 £563 +9.76% 189
West Midlands +27 27 £555 +5.71% 70
East Midlands +24 27 £400 -16.67% 25
East of England +18 10 £600 +9.09% 15
North East -4 3 - - 9
Wales - 3 - - 25
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 91 (4.05%) Confluence
2 63 (2.80%) Apache Airflow
3 56 (2.49%) Apache
4 52 (2.31%) Apache Spark
5 45 (2.00%) 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%) GemFire
Applications
1 90 (4.00%) Microsoft Excel
2 86 (3.82%) Microsoft Office
3 55 (2.45%) Microsoft PowerPoint
4 34 (1.51%) MS Visio
5 15 (0.67%) 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 20 (0.89%) SAP S/4HANA
2 12 (0.53%) Dynamics CRM
3 11 (0.49%) Kondor
4 10 (0.44%) Oracle General Ledger
5 9 (0.40%) FLEXCUBE
5 9 (0.40%) Payment Gateway
6 8 (0.36%) Oracle Financials
7 7 (0.31%) Finacle
7 7 (0.31%) Misys Midas
7 7 (0.31%) Oracle Assets
7 7 (0.31%) Oracle Payables
7 7 (0.31%) Oracle Receivables
8 5 (0.22%) Oracle BPM
8 5 (0.22%) Remedy ITSM
9 4 (0.18%) Fidessa
9 4 (0.18%) Oracle Cash Management
9 4 (0.18%) Oracle EBS
9 4 (0.18%) Sparx Enterprise Architect
10 3 (0.13%) Oracle Internet Expenses
10 3 (0.13%) Oracle Procure-to-Pay
Cloud Services
1 317 (14.10%) AWS
2 271 (12.05%) Azure
3 127 (5.65%) GCP
4 63 (2.80%) Microsoft 365
5 58 (2.58%) Power Platform
6 57 (2.53%) Azure DevOps
6 57 (2.53%) Snowflake
7 55 (2.45%) dbt
8 49 (2.18%) GitHub
9 48 (2.13%) Amazon EC2
10 43 (1.91%) Amazon S3
11 42 (1.87%) Amazon EKS
11 42 (1.87%) Serverless
12 38 (1.69%) Amazon ECS
13 31 (1.38%) Dagster
14 27 (1.20%) Cloud Computing
15 24 (1.07%) AWS Lambda
16 23 (1.02%) AWS CloudFormation
16 23 (1.02%) Figma
17 22 (0.98%) OpenShift
Communications & Networking
1 57 (2.53%) Firewall
2 35 (1.56%) DNS
3 27 (1.20%) 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%) WAN
7 16 (0.71%) LAN
7 16 (0.71%) SSL
8 15 (0.67%) BGP
8 15 (0.67%) FIX Connectivity
9 14 (0.62%) OSPF
10 12 (0.53%) Multicast
11 11 (0.49%) SAN
12 9 (0.40%) IGMP
12 9 (0.40%) Wireless
13 8 (0.36%) VRRP
14 7 (0.31%) HSRP
15 6 (0.27%) Skype
Database & Business Intelligence
1 110 (4.89%) SQL Server
2 65 (2.89%) NoSQL
3 63 (2.80%) PostgreSQL
4 57 (2.53%) Relational Database
5 56 (2.49%) MongoDB
6 55 (2.45%) 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 (2.05%) Power BI
11 46 (2.05%) Tableau
12 39 (1.73%) Redis
13 37 (1.65%) Apache Arrow
14 36 (1.60%) DB2
15 34 (1.51%) Big Data
16 32 (1.42%) Hadoop
17 25 (1.11%) Oracle Database
18 23 (1.02%) Apache Ignite
19 19 (0.84%) Elasticsearch
Development Applications
1 163 (7.25%) JIRA
2 122 (5.42%) Jenkins
3 93 (4.14%) Git
4 44 (1.96%) GitLab
5 41 (1.82%) Bitbucket
6 34 (1.51%) TeamCity
7 31 (1.38%) JUnit
8 28 (1.24%) Cucumber
9 23 (1.02%) Maven
9 23 (1.02%) Selenium
10 14 (0.62%) Artifactory
11 13 (0.58%) LoadRunner
12 12 (0.53%) JMeter
12 12 (0.53%) Postman
12 12 (0.53%) Visual Studio
12 12 (0.53%) webpack
13 11 (0.49%) Subversion
14 10 (0.44%) Sonatype Nexus
15 9 (0.40%) Ant
16 8 (0.36%) REST Assured
General
1 1,435 (63.81%) Finance
2 624 (27.75%) Social Skills
3 584 (25.97%) Investment Banking
4 344 (15.30%) Analytical Skills
5 256 (11.38%) Front Office
6 122 (5.42%) Retail Banking
7 80 (3.56%) Financial Institution
8 67 (2.98%) Retail
9 58 (2.58%) Corporate Banking
10 50 (2.22%) Organisational Skills
11 40 (1.78%) Presentation Skills
12 37 (1.65%) Legal
13 26 (1.16%) Back Office
14 20 (0.89%) Documentation Skills
14 20 (0.89%) Public Sector
15 18 (0.80%) Marketing
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
1 557 (24.77%) Developer
2 381 (16.94%) Analyst
3 235 (10.45%) Senior
4 198 (8.80%) Architect
5 178 (7.91%) Business Analyst
6 136 (6.05%) Project Manager
7 131 (5.82%) Java Developer
8 114 (5.07%) Lead
9 111 (4.94%) Python Developer
10 92 (4.09%) Software Engineer
11 86 (3.82%) Consultant
12 83 (3.69%) Senior Developer
13 81 (3.60%) Banking Analyst
14 69 (3.07%) C# Developer
14 69 (3.07%) Data Analyst
14 69 (3.07%) Python Engineer
15 68 (3.02%) Data Engineer
16 64 (2.85%) AWS Engineer
16 64 (2.85%) Solutions Architect
17 49 (2.18%) Java Engineer
Libraries, Frameworks & Software Standards
1 116 (5.16%) .NET
2 115 (5.11%) React
3 99 (4.40%) Kafka
4 86 (3.82%) Spring
5 70 (3.11%) PySpark
6 61 (2.71%) HTML
7 59 (2.62%) AngularJS
8 55 (2.45%) RESTful
9 54 (2.40%) CSS
10 50 (2.22%) Spring Boot
11 47 (2.09%) Pandas
12 46 (2.05%) XML
13 45 (2.00%) NumPy
14 42 (1.87%) SciPy
15 41 (1.82%) Node.js
16 40 (1.78%) FastAPI
16 40 (1.78%) JSON
17 39 (1.73%) REST
18 34 (1.51%) Middleware
19 33 (1.47%) HTML5
Miscellaneous
1 164 (7.29%) Derivative
2 124 (5.51%) Equities
3 114 (5.07%) Foreign Exchange (FX)
4 95 (4.22%) Fixed Income
5 81 (3.60%) Product Ownership
6 65 (2.89%) Hedge funds
7 49 (2.18%) Onboarding
8 44 (1.96%) Data Centre
8 44 (1.96%) Data Structures
9 42 (1.87%) SWIFT Messaging Network
10 40 (1.78%) Algorithms
11 39 (1.73%) Market Risk
12 38 (1.69%) Greenfield Project
13 36 (1.60%) Legacy Systems
14 35 (1.56%) Management Information System
14 35 (1.56%) Reference Data
15 34 (1.51%) Credit Risk
15 34 (1.51%) Data Protection Act
16 31 (1.38%) Enterprise Software
17 28 (1.24%) Mainframe
Operating Systems
1 171 (7.60%) Windows
2 167 (7.43%) Linux
3 81 (3.60%) Unix
4 32 (1.42%) Red Hat Enterprise Linux
5 25 (1.11%) Windows Server
6 22 (0.98%) Windows 10
7 21 (0.93%) 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
1 566 (25.17%) Agile
2 379 (16.85%) Problem-Solving
3 260 (11.56%) DevOps
4 219 (9.74%) CI/CD
5 215 (9.56%) Stakeholder Management
6 211 (9.38%) Risk Management
7 204 (9.07%) Migration
8 190 (8.45%) Analytics
9 188 (8.36%) Change Management
10 186 (8.27%) Software Engineering
11 169 (7.51%) Project Management
12 157 (6.98%) SDLC
13 126 (5.60%) Asset Management
14 122 (5.42%) Microservices
15 121 (5.38%) Test Automation
16 115 (5.11%) Data Analysis
17 105 (4.67%) Decision-Making
18 103 (4.58%) Fintech
19 96 (4.27%) Wealth Management
20 95 (4.22%) Continuous Improvement
Programming Languages
1 462 (20.54%) Python
2 421 (18.72%) SQL
3 390 (17.34%) Java
4 159 (7.07%) C#
5 147 (6.54%) JavaScript
6 126 (5.60%) TypeScript
7 62 (2.76%) C++
8 54 (2.40%) PowerShell
9 47 (2.09%) 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%) Kotlin
15 17 (0.76%) T-SQL
15 17 (0.76%) VBA
16 10 (0.44%) Go
16 10 (0.44%) Groovy
16 10 (0.44%) VB
Qualifications
1 158 (7.03%) Degree
2 35 (1.56%) Security Cleared
3 34 (1.51%) Computer Science Degree
4 30 (1.33%) Master's Degree
5 27 (1.20%) Cisco Certification
6 23 (1.02%) CISSP
7 19 (0.84%) AWS Certification
7 19 (0.84%) SC Cleared
8 18 (0.80%) Azure Certification
8 18 (0.80%) Numerate Degree
9 16 (0.71%) PMI Certification
9 16 (0.71%) PMP
10 15 (0.67%) CISM
10 15 (0.67%) ITIL Certification
10 15 (0.67%) Microsoft Certification
11 12 (0.53%) CCNP
11 12 (0.53%) CEH
12 11 (0.49%) (ISC)2 CCSP
12 11 (0.49%) CCSP
12 11 (0.49%) OSCP
Quality Assurance & Compliance
1 79 (3.51%) QA
2 68 (3.02%) Data Quality
3 49 (2.18%) 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
1 132 (5.87%) 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
1 185 (8.23%) Kubernetes
2 135 (6.00%) Ansible
3 84 (3.73%) 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%) FortiGate
11 6 (0.27%) Rancher
11 6 (0.27%) Rundeck
12 5 (0.22%) HP ALM
12 5 (0.22%) Podman
12 5 (0.22%) Single Sign-On
13 4 (0.18%) Karpenter
Vendors
1 234 (10.40%) Microsoft
2 157 (6.98%) Oracle
3 86 (3.82%) ServiceNow
4 55 (2.45%) Splunk
5 49 (2.18%) Google
5 49 (2.18%) IBM
6 46 (2.05%) Cisco
7 43 (1.91%) SAP
8 42 (1.87%) Databricks
9 30 (1.33%) Red Hat
9 30 (1.33%) VMware
10 26 (1.16%) Citrix
10 26 (1.16%) Sybase
11 22 (0.98%) CyberArk
12 19 (0.84%) HP
13 18 (0.80%) Adobe
13 18 (0.80%) Murex
14 17 (0.76%) Arista
14 17 (0.76%) Pega
15 16 (0.71%) Bloomberg