Period
to 3 June 2020

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 3 June 2020 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
3 Jun 2020
Same period 2019 Same period 2018
Rank 34 22 19
Rank change year-on-year -12 -3 -7
Contract jobs citing Banking 2,529 6,469 7,821
As % of all contract jobs advertised in the UK 5.60% 7.19% 7.74%
As % of the General category 14.52% 17.94% 18.85%
Number of daily rates quoted 1,707 4,333 5,263
Median daily rate £550 £525 £525
Median daily rate % change year-on-year +4.76% - +2.44%
10th Percentile £345 £356 £335
90th Percentile £750 £710 £713
UK excluding London median daily rate £425 £450 £425
% change year-on-year -5.56% +5.88% +3.03%
Number of hourly rates quoted 40 73 66
Median hourly rate £35.00 £20.00 £17.15
Median hourly rate % change year-on-year +75.00% +16.62% +14.33%
10th Percentile £13.66 £13.75 £12.50
90th Percentile £66.00 £36.54 £70.63
UK excluding London median hourly rate £35.00 £13.75 £16.50
% change year-on-year +154.55% -16.67% +23.36%

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 17,423 36,059 41,496
As % of all contract IT jobs advertised in the UK 38.55% 40.10% 41.05%
Number of daily rates quoted 10,928 23,317 27,007
Median daily rate £500 £488 £475
Median daily rate % change year-on-year +2.56% +2.63% +5.56%
10th Percentile £288 £305 £285
90th Percentile £700 £675 £670
UK excluding London median daily rate £450 £450 £425
% change year-on-year - +5.88% +6.25%
Number of hourly rates quoted 608 965 1,113
Median hourly rate £26.66 £22.92 £21.90
Median hourly rate % change year-on-year +16.35% +4.63% -0.45%
10th Percentile £12.81 £12.25 £11.61
90th Percentile £52.50 £50.00 £48.75
Median hourly rate £21.57 £23.00 £20.00
% change year-on-year -6.22% +15.00% -7.05%

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 June 2020.

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 June 2020.

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 June 2020. 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 -7 2,296 £550 - 245
London -2 1,895 £575 +2.22% 156
UK excluding London -42 600 £425 -5.56% 109
Scotland -17 179 £473 +5.00% 5
North of England -25 176 £442 -1.78% 66
North West -13 99 £400 -11.11% 21
South East -40 74 £513 +7.89% 5
Midlands +21 72 £165 -61.18% 13
Work from Home -23 64 £450 -12.20% 51
Yorkshire -33 60 £500 +11.11% 41
South West -56 56 £400 -21.95% 5
East Midlands +16 51 £155 -60.13%
West Midlands +29 20 £375 -16.67% 13
Northern Ireland -3 18 £375 +0.67% 8
East of England +42 17 £425 -
North East +26 17 £450 +28.57% 4
Channel Islands 0 7 - -
Wales +13 3 £525 +45.83% 7

For the 6 months to 3 June 2020, 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 1,222 (48.32%) Finance
2 769 (30.41%) Agile Software Development
3 749 (29.62%) Java
4 692 (27.36%) Investment Banking
5 446 (17.64%) Front Office
6 439 (17.36%) Python
7 430 (17.00%) SQL
8 364 (14.39%) DevOps
9 351 (13.88%) JavaScript
10 325 (12.85%) Foreign Exchange (FX)
11 319 (12.61%) AWS
12 256 (10.12%) Azure
13 254 (10.04%) C#
14 239 (9.45%) Fixed Income
15 234 (9.25%) Web Services
16 230 (9.09%) Software Engineering
16 230 (9.09%) Problem-Solving
17 220 (8.70%) Windows
18 217 (8.58%) TDD
19 215 (8.50%) AngularJS
20 213 (8.42%) SQL Server
21 212 (8.38%) Oracle
22 211 (8.34%) Asset Management
22 211 (8.34%) Analytical Skills
23 208 (8.22%) React
24 206 (8.15%) Microservices
25 193 (7.63%) GCP
26 191 (7.55%) Derivative
27 184 (7.28%) .NET
28 180 (7.12%) Kubernetes

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 79 (3.12%) Apache Spark
2 62 (2.45%) Apache
2 62 (2.45%) Confluence
3 36 (1.42%) SharePoint
4 35 (1.38%) Elasticsearch
5 31 (1.23%) WebSphere
6 20 (0.79%) SAS
7 17 (0.67%) MS Exchange
8 15 (0.59%) Tomcat
9 13 (0.51%) IIS
10 12 (0.47%) Skype for Business
10 12 (0.47%) WebLogic
11 11 (0.43%) Mule
11 11 (0.43%) WebSphere Application Server
12 10 (0.40%) Apache Airflow
12 10 (0.40%) nginx
13 9 (0.36%) CMS
14 7 (0.28%) JBoss
14 7 (0.28%) Oracle Coherence
14 7 (0.28%) Oracle Workflow
Applications
1 98 (3.88%) Microsoft Excel
2 65 (2.57%) Microsoft Office
3 26 (1.03%) Microsoft PowerPoint
4 22 (0.87%) Sketch
5 17 (0.67%) MS Visio
6 15 (0.59%) Microsoft Project
7 9 (0.36%) Spreadsheet
8 4 (0.16%) Adobe After Effects
8 4 (0.16%) Adobe Illustrator
8 4 (0.16%) Adobe Premiere
8 4 (0.16%) Camtasia
8 4 (0.16%) OmniGraffle
8 4 (0.16%) Photoshop
8 4 (0.16%) UserZoom
9 3 (0.12%) InVision
10 2 (0.079%) Chatbot
10 2 (0.079%) SPSS
10 2 (0.079%) Stata
11 1 (0.040%) AutoCAD
11 1 (0.040%) Figma
Business Applications
1 12 (0.47%) ION MarketView
1 12 (0.47%) Misys Midas
2 9 (0.36%) Temenos T24
3 8 (0.32%) Dynamics CRM
3 8 (0.32%) Salesforce.com CRM
4 7 (0.28%) Distributed Ledger
4 7 (0.28%) FINCAD Analytics
4 7 (0.28%) Sophis RISQUE
5 5 (0.20%) SAP S/4HANA
6 4 (0.16%) Oracle BPM
6 4 (0.16%) Oracle Procure-to-Pay
7 3 (0.12%) FLEXCUBE
7 3 (0.12%) Loan IQ
7 3 (0.12%) Markit EDM
7 3 (0.12%) Oracle General Ledger
7 3 (0.12%) Oracle Payables
7 3 (0.12%) Oracle Receivables
7 3 (0.12%) PolarLake
7 3 (0.12%) RMDS
8 2 (0.079%) BusinessWorks
Cloud Services
1 319 (12.61%) AWS
2 256 (10.12%) Azure
3 193 (7.63%) GCP
4 64 (2.53%) Serverless
5 51 (2.02%) Amazon ECS
5 51 (2.02%) AWS Lambda
6 48 (1.90%) OpenShift
7 42 (1.66%) Office 365
8 34 (1.34%) Apigee
8 34 (1.34%) PaaS
9 33 (1.30%) SaaS
10 23 (0.91%) GitHub
11 22 (0.87%) IaaS
12 21 (0.83%) Power Platform
13 18 (0.71%) Amazon SQS
14 13 (0.51%) AWS CloudFormation
15 12 (0.47%) Amazon S3
15 12 (0.47%) Azure Functions
16 10 (0.40%) Amazon EC2
16 10 (0.40%) Amazon EKS
Communications & Networking
1 59 (2.33%) Firewall
2 33 (1.30%) LAN
2 33 (1.30%) Network Security
3 28 (1.11%) DNS
3 28 (1.11%) HTTP
4 23 (0.91%) X.509
5 19 (0.75%) WAN
6 18 (0.71%) TCP/IP
7 16 (0.63%) BGP
7 16 (0.63%) Cisco Nexus
7 16 (0.63%) OSPF
7 16 (0.63%) VPN
7 16 (0.63%) Wireless
8 15 (0.59%) Multicast
9 14 (0.55%) RTMP
10 12 (0.47%) Cisco IOS
10 12 (0.47%) Internet
10 12 (0.47%) MPLS
10 12 (0.47%) SAN
11 10 (0.40%) IGMP
Database & Business Intelligence
1 213 (8.42%) SQL Server
2 93 (3.68%) Big Data
3 90 (3.56%) Data Warehouse
4 83 (3.28%) Relational Database
5 64 (2.53%) PostgreSQL
6 63 (2.49%) MongoDB
7 62 (2.45%) NoSQL
8 55 (2.17%) Hadoop
9 51 (2.02%) SQL Server Integration Services
10 49 (1.94%) SQL Server Reporting Services
11 48 (1.90%) MySQL
12 45 (1.78%) Amazon Redshift
13 43 (1.70%) Oracle Database
14 33 (1.30%) Apache Hive
15 29 (1.15%) HBase
15 29 (1.15%) RDBMS
16 27 (1.07%) Apache Cassandra
17 24 (0.95%) DB2
18 23 (0.91%) Redis
19 21 (0.83%) Power BI
Development Applications
1 166 (6.56%) Git (software)
2 162 (6.41%) Jenkins
3 159 (6.29%) JIRA
4 70 (2.77%) JUnit
5 63 (2.49%) Maven
6 58 (2.29%) TeamCity
7 50 (1.98%) Selenium
8 48 (1.90%) Subversion
9 45 (1.78%) Cucumber
9 45 (1.78%) RStudio
10 43 (1.70%) Artifactory
11 38 (1.50%) GitLab
12 29 (1.15%) Bitbucket
13 28 (1.11%) Sonatype Nexus
14 25 (0.99%) Visual Studio
15 23 (0.91%) Gradle
15 23 (0.91%) Mockito
16 21 (0.83%) Team Foundation Server
17 19 (0.75%) Ant
17 19 (0.75%) NUnit
General
1 1,222 (48.32%) Finance
2 692 (27.36%) Investment Banking
3 446 (17.64%) Front Office
4 118 (4.67%) Retail Banking
5 113 (4.47%) Retail
6 82 (3.24%) Back Office
7 53 (2.10%) Telecoms
8 51 (2.02%) Corporate Banking
9 38 (1.50%) Financial Institution
9 38 (1.50%) Legal
10 33 (1.30%) International Banking
11 19 (0.75%) Marketing
12 18 (0.71%) Public Sector
13 16 (0.63%) Private Banking
14 15 (0.59%) French Language
15 9 (0.36%) Publishing
16 8 (0.32%) General Ledger
16 8 (0.32%) Law
17 6 (0.24%) German Language
18 5 (0.20%) Wholesale Banking
Job Titles
1 994 (39.30%) Developer
2 363 (14.35%) Analyst
3 327 (12.93%) Java Developer
4 158 (6.25%) Architect
5 155 (6.13%) Business Analyst
6 139 (5.50%) Senior Developer
7 123 (4.86%) Project Manager
7 123 (4.86%) Python Developer
8 115 (4.55%) AWS Developer
9 107 (4.23%) C# Developer
10 96 (3.80%) AWS Engineer
11 85 (3.36%) Front Office Developer
12 84 (3.32%) Consultant
13 75 (2.97%) DevOps Engineer
14 71 (2.81%) Senior Java Developer
15 67 (2.65%) Banking Analyst
15 67 (2.65%) Java Engineer
16 63 (2.49%) React Developer
17 62 (2.45%) SQL Developer
18 57 (2.25%) JavaScript Developer
Libraries, Frameworks & Software Standards
1 234 (9.25%) Web Services
2 215 (8.50%) AngularJS
3 208 (8.22%) React
4 184 (7.28%) .NET
5 161 (6.37%) HTML
6 154 (6.09%) Spring
7 124 (4.90%) CSS
8 91 (3.60%) Node.js
8 91 (3.60%) REST
9 86 (3.40%) HTML5
10 85 (3.36%) Vue.js
11 84 (3.32%) Spring Boot
12 80 (3.16%) RESTful
13 73 (2.89%) Middleware
14 72 (2.85%) Kafka
15 63 (2.49%) J2EE
16 53 (2.10%) XML
17 50 (1.98%) Hibernate
18 47 (1.86%) Redux
18 47 (1.86%) WPF
Miscellaneous
1 325 (12.85%) Foreign Exchange (FX)
2 239 (9.45%) Fixed Income
3 211 (8.34%) Analytical Skills
4 191 (7.55%) Derivative
5 166 (6.56%) Equities
6 162 (6.41%) Hedge funds
7 129 (5.10%) User Experience
8 73 (2.89%) Credit Risk
8 73 (2.89%) Data Centre
9 67 (2.65%) Greenfield Project
10 52 (2.06%) Data Structures
10 52 (2.06%) Mobile App
11 47 (1.86%) Mobile Banking
12 35 (1.38%) Virtual Team
13 32 (1.27%) Management Information System
13 32 (1.27%) Self-Motivation
14 31 (1.23%) Algorithms
15 25 (0.99%) Market Risk
16 24 (0.95%) Mainframe
17 23 (0.91%) Enterprise Software
Operating Systems
1 220 (8.70%) Windows
2 167 (6.60%) Linux
3 92 (3.64%) Unix
4 71 (2.81%) Android
5 61 (2.41%) Windows Server
6 57 (2.25%) Windows 10
7 45 (1.78%) Apple iOS
8 38 (1.50%) Windows 7
9 34 (1.34%) Red Hat Enterprise Linux
10 25 (0.99%) Windows Server 2012
10 25 (0.99%) Windows Server 2016
11 13 (0.51%) Solaris
12 12 (0.47%) Windows Server 2008
13 7 (0.28%) Mac OS X
14 4 (0.16%) Mac OS
15 3 (0.12%) CentOS
15 3 (0.12%) Windows XP
16 2 (0.079%) Data ONTAP
16 2 (0.079%) Mesosphere
16 2 (0.079%) SUSE
Processes & Methodologies
1 769 (30.41%) Agile Software Development
2 364 (14.39%) DevOps
3 230 (9.09%) Problem-Solving
3 230 (9.09%) Software Engineering
4 217 (8.58%) TDD
5 211 (8.34%) Asset Management
6 206 (8.15%) Microservices
7 176 (6.96%) Test Automation
8 174 (6.88%) Business Analysis
9 169 (6.68%) Stakeholder Management
10 156 (6.17%) Investment Management
11 148 (5.85%) Multithreading
12 146 (5.77%) SDLC
13 143 (5.65%) Project Management
14 139 (5.50%) Migration
15 136 (5.38%) Scrum
16 125 (4.94%) Analytics
17 122 (4.82%) BDD
17 122 (4.82%) Change Management
17 122 (4.82%) Decision-Making
Programming Languages
1 749 (29.62%) Java
2 439 (17.36%) Python
3 430 (17.00%) SQL
4 351 (13.88%) JavaScript
5 254 (10.04%) C#
6 101 (3.99%) C++
7 86 (3.40%) Java 8
8 84 (3.32%) Kotlin
9 77 (3.04%) TypeScript
10 68 (2.69%) PowerShell
10 68 (2.69%) VBA
11 56 (2.21%) Scala
12 45 (1.78%) T-SQL
13 39 (1.54%) Shell Script
14 38 (1.50%) Perl
15 32 (1.27%) C
16 27 (1.07%) PL/SQL
17 26 (1.03%) Bash Shell
18 25 (0.99%) VB.NET
19 23 (0.91%) Groovy
Qualifications
1 148 (5.85%) Degree
2 56 (2.21%) Computer Science Degree
3 46 (1.82%) Security Cleared
4 36 (1.42%) SC Cleared
5 17 (0.67%) Cisco Certification
5 17 (0.67%) VMware Certified Professional (VCP)
6 15 (0.59%) CCNP
7 13 (0.51%) CISSP
8 11 (0.43%) Numerate Degree
9 10 (0.40%) CCNA
10 9 (0.36%) TOGAF Certification
11 8 (0.32%) ITIL Certification
11 8 (0.32%) Master's Degree
11 8 (0.32%) PMI Certification
11 8 (0.32%) Sun Certification
12 7 (0.28%) DV Cleared
12 7 (0.28%) ISEB
12 7 (0.28%) Microsoft Certification
13 6 (0.24%) CISM
13 6 (0.24%) PMP
Quality Assurance & Compliance
1 84 (3.32%) QA
2 53 (2.10%) PMO
2 53 (2.10%) SLA
3 27 (1.07%) ISO/IEC 27001
4 19 (0.75%) PSD2
5 18 (0.71%) GDPR
6 15 (0.59%) Data Quality
7 12 (0.47%) MiFID
8 11 (0.43%) Basel III
8 11 (0.43%) IFRS
9 8 (0.32%) CRD IV
10 7 (0.28%) SEPA
11 6 (0.24%) Basel II
11 6 (0.24%) EMIR
11 6 (0.24%) NIST
12 5 (0.20%) IFRS 9
13 4 (0.16%) COBIT
13 4 (0.16%) Dodd-Frank
13 4 (0.16%) WCAG
14 3 (0.12%) COREP
System Software
1 173 (6.84%) Docker
2 106 (4.19%) Active Directory
3 36 (1.42%) VMware Infrastructure
4 19 (0.75%) HDFS
4 19 (0.75%) Virtual Machines
5 17 (0.67%) XenApp
6 16 (0.63%) XenDesktop
7 12 (0.47%) vSphere
8 10 (0.40%) Citrix Hypervisor
8 10 (0.40%) LXC
9 6 (0.24%) Microsoft App-V
9 6 (0.24%) OpenAM
9 6 (0.24%) RACF
9 6 (0.24%) Squid
9 6 (0.24%) Terminal Services
10 4 (0.16%) Veritas Cluster Server
10 4 (0.16%) Virtual Desktop
10 4 (0.16%) VMware NSX
11 3 (0.12%) OpenDJ
11 3 (0.12%) Veritas Volume Manager
Systems Management
1 180 (7.12%) Kubernetes
2 88 (3.48%) Ansible
2 88 (3.48%) Terraform
3 37 (1.46%) SCCM
4 35 (1.38%) Puppet
5 19 (0.75%) Opscode Chef
6 13 (0.51%) Cacti
6 13 (0.51%) Nagios
7 11 (0.43%) Network Intrusion Detection System
8 9 (0.36%) Grafana
9 8 (0.32%) ITRS Geneos
9 8 (0.32%) vRealize
10 7 (0.28%) Cisco Prime
10 7 (0.28%) Kibana
10 7 (0.28%) NetMRI
10 7 (0.28%) Prometheus
10 7 (0.28%) Statseeker
10 7 (0.28%) ZABBIX
11 6 (0.24%) Control-M
11 6 (0.24%) Single Sign-On
Vendors
1 212 (8.38%) Oracle
2 151 (5.97%) Microsoft
3 148 (5.85%) Google
4 49 (1.94%) Bloomberg
5 48 (1.90%) VMware
6 46 (1.82%) Splunk
7 45 (1.78%) Red Hat
8 43 (1.70%) Sybase
9 42 (1.66%) Cisco
10 40 (1.58%) Citrix
11 39 (1.54%) IBM
12 30 (1.19%) Tableau
13 27 (1.07%) HP
14 26 (1.03%) Adobe
14 26 (1.03%) ION Trading
15 25 (0.99%) Dell
16 20 (0.79%) F5
17 19 (0.75%) Salesforce.com
18 17 (0.67%) Murex
18 17 (0.67%) SAP