Period
to 21 February 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 21 February 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
21 Feb 2020
Same period 2019 Same period 2018
Rank 42 22 10
Rank change year-on-year -20 -12 +9
Contract jobs citing Banking 3,427 7,229 8,906
As % of all contract IT jobs advertised in the UK 5.01% 7.29% 8.77%
As % of the General category 13.39% 18.19% 20.80%
Number of daily rates quoted 2,267 4,995 6,043
UK median daily rate £550 £550 £525
Median daily rate % change year-on-year - +4.76% +5.00%
10th Percentile £325 £358 £313
90th Percentile £725 £713 £700
UK excluding London median daily rate £450 £450 £408
% change year-on-year - +10.43% -1.21%
Number of hourly rates quoted 41 76 44
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 £15.67 £10.45 £12.65
90th Percentile £46.00 £35.50 £71.00
UK excluding London median hourly rate £21.63 £13.43 £13.75
% change year-on-year +61.08% -2.36% -21.43%

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 25,601 39,733 42,812
As % of all contract IT jobs advertised in the UK 37.40% 40.09% 42.14%
Number of daily rates quoted 16,217 26,010 28,315
UK median daily rate £475 £478 £470
Median daily rate % change year-on-year -0.52% +1.60% +4.44%
10th Percentile £275 £300 £275
90th Percentile £675 £675 £663
UK excluding London median daily rate £431 £430 £413
% change year-on-year +0.23% +4.24% +3.13%
Number of hourly rates quoted 860 1,127 1,130
UK median hourly rate £22.36 £22.00 £21.85
Median hourly rate % change year-on-year +1.64% +0.71% +4.02%
10th Percentile £12.50 £11.85 £11.35
90th Percentile £50.00 £48.75 £48.50
UK excluding London median hourly rate £20.16 £20.24 £21.60
% change year-on-year -0.41% -6.30% +8.00%

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 21 February 2020.

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 21 February 2020.

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 21 February 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 -20 3,034 £550 - 699
London -4 2,463 £575 - 497
UK excluding London -37 928 £450 - 251
Scotland -9 319 £525 +16.67% 41
North of England -42 210 £450 +5.88% 92
South East +9 148 £475 - 34
North West -34 120 £450 - 42
South West -70 98 £451 -17.01% 20
Midlands -13 77 £175 -61.11% 44
Yorkshire -46 59 £456 +12.65% 36
West Midlands +36 38 £500 +8.70% 25
East Midlands -14 38 £150 -62.87% 19
Northern Ireland -2 34 £425 +3.16% 2
North East +40 31 £450 +2.86% 14
East of England +31 24 £395 -11.24% 12
Channel Islands 0 17 £500 - 1
Wales +7 1 £400 +11.11% 5

For the 6 months to 21 February 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 1,595 (46.54%) Finance
2 1,013 (29.56%) Agile Software Development
3 871 (25.42%) Java
4 746 (21.77%) Investment Banking
5 554 (16.17%) SQL
6 433 (12.63%) Front Office
7 431 (12.58%) Python
8 383 (11.18%) DevOps
9 375 (10.94%) JavaScript
10 334 (9.75%) Microservices
11 320 (9.34%) AWS
12 315 (9.19%) Azure
13 307 (8.96%) TDD
14 292 (8.52%) Windows
15 279 (8.14%) Analytical Skills
16 276 (8.05%) Problem-Solving
17 271 (7.91%) Stakeholder Management
18 267 (7.79%) Scrum
19 258 (7.53%) C#
19 258 (7.53%) Foreign Exchange (FX)
20 255 (7.44%) Microsoft
21 253 (7.38%) Oracle
22 248 (7.24%) Kubernetes
23 245 (7.15%) AngularJS
24 235 (6.86%) JIRA
25 234 (6.83%) Docker
26 231 (6.74%) Migration
27 228 (6.65%) Test Automation
28 223 (6.51%) .NET
28 223 (6.51%) Linux

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
1 103 (3.01%) Apache Spark
2 91 (2.66%) Confluence
3 55 (1.60%) SharePoint
4 51 (1.49%) SAS
5 47 (1.37%) Apache
6 40 (1.17%) Elasticsearch
7 30 (0.88%) WebSphere
8 24 (0.70%) IIS
9 19 (0.55%) CMS
9 19 (0.55%) nginx
10 17 (0.50%) Cloud Foundry
10 17 (0.50%) MS Exchange
11 14 (0.41%) Skype for Business
11 14 (0.41%) Tomcat
12 13 (0.38%) Oracle Coherence
13 12 (0.35%) Adobe Experience Manager
13 12 (0.35%) Apache Airflow
14 11 (0.32%) Exchange Server 2010
14 11 (0.32%) Mule
15 10 (0.29%) WebSphere Application Server
Applications
1 133 (3.88%) Microsoft Excel
2 87 (2.54%) Microsoft Office
3 57 (1.66%) Microsoft PowerPoint
4 26 (0.76%) Sketch
5 24 (0.70%) MS Visio
6 23 (0.67%) Microsoft Project
7 8 (0.23%) InVision
8 6 (0.18%) Photoshop
8 6 (0.18%) UserZoom
8 6 (0.18%) Zeplin
9 5 (0.15%) Adobe Illustrator
9 5 (0.15%) Adobe Premiere
9 5 (0.15%) Camtasia
9 5 (0.15%) Chatbot
9 5 (0.15%) OmniGraffle
9 5 (0.15%) Spreadsheet
10 4 (0.12%) Adobe After Effects
10 4 (0.12%) SPSS
11 2 (0.058%) RoboHelp
11 2 (0.058%) Stata
Business Applications
1 42 (1.23%) FINCAD Analytics
2 18 (0.53%) Dynamics CRM
3 16 (0.47%) Temenos T24
4 15 (0.44%) Salesforce.com CRM
5 9 (0.26%) SAP S/4HANA
6 8 (0.23%) thinkFolio
7 7 (0.20%) Sophis RISQUE
8 6 (0.18%) BusinessWorks
9 5 (0.15%) ION MarketView
9 5 (0.15%) Loan IQ
9 5 (0.15%) Misys Midas
9 5 (0.15%) R3 Corda
9 5 (0.15%) SAP Oil and Gas
10 4 (0.12%) Summit
11 3 (0.088%) BASE24
11 3 (0.088%) Eikon
11 3 (0.088%) Finacle
11 3 (0.088%) Markit EDM
11 3 (0.088%) Oracle BPM
11 3 (0.088%) Oracle Cash Management
Cloud Services
1 320 (9.34%) AWS
2 315 (9.19%) Azure
3 209 (6.10%) GCP
4 80 (2.33%) Office 365
5 66 (1.93%) GitHub
6 46 (1.34%) OpenShift
7 43 (1.25%) Power Platform
8 42 (1.23%) AWS Step Functions
8 42 (1.23%) PaaS
9 38 (1.11%) Serverless
10 31 (0.90%) AWS Lambda
11 26 (0.76%) Amazon ECS
12 25 (0.73%) Apigee
13 23 (0.67%) IaaS
13 23 (0.67%) npm
14 22 (0.64%) SaaS
15 19 (0.55%) Amazon S3
15 19 (0.55%) Amazon SQS
16 18 (0.53%) Amazon EC2
17 14 (0.41%) Azure Functions
Communications & Networking
1 79 (2.31%) Firewall
2 68 (1.98%) LAN
3 45 (1.31%) HTTP
4 44 (1.28%) TCP/IP
5 42 (1.23%) WAN
6 39 (1.14%) Multicast
7 35 (1.02%) VPN
8 31 (0.90%) Cisco Nexus
9 30 (0.88%) Network Security
9 30 (0.88%) Wireless
10 28 (0.82%) BGP
10 28 (0.82%) DNS
10 28 (0.82%) OSPF
11 27 (0.79%) Internet
12 26 (0.76%) Cisco IOS
12 26 (0.76%) MPLS
13 20 (0.58%) EIGRP
13 20 (0.58%) HTTPS
13 20 (0.58%) NX-OS
14 19 (0.55%) Junos
Database & Business Intelligence
1 200 (5.84%) SQL Server
2 144 (4.20%) Big Data
3 103 (3.01%) NoSQL
4 95 (2.77%) Hadoop
4 95 (2.77%) Relational Database
5 94 (2.74%) PostgreSQL
6 86 (2.51%) Data Warehouse
7 75 (2.19%) SQL Server Integration Services
8 72 (2.10%) MongoDB
9 68 (1.98%) SQL Server Reporting Services
10 55 (1.60%) Apache Hive
10 55 (1.60%) HBase
11 54 (1.58%) Apache Cassandra
12 53 (1.55%) RDBMS
13 49 (1.43%) Amazon DynamoDB
13 49 (1.43%) Oracle Database
14 45 (1.31%) Amazon Athena
14 45 (1.31%) DB2
15 42 (1.23%) Redis
16 41 (1.20%) Power BI
Development Applications
1 235 (6.86%) JIRA
2 186 (5.43%) Jenkins
3 185 (5.40%) Git (software)
4 98 (2.86%) Selenium
5 89 (2.60%) Maven
6 81 (2.36%) TeamCity
7 80 (2.33%) JUnit
8 64 (1.87%) Cucumber
9 57 (1.66%) Sonatype Nexus
10 36 (1.05%) Gradle
11 33 (0.96%) Team Foundation Server
12 32 (0.93%) Subversion
13 31 (0.90%) Bitbucket
14 28 (0.82%) GitLab
15 27 (0.79%) Artifactory
16 24 (0.70%) Eclipse
17 20 (0.58%) Axure RP
17 20 (0.58%) CircleCI
17 20 (0.58%) Xcode
18 19 (0.55%) Octopus Deploy
General
1 1,595 (46.54%) Finance
2 746 (21.77%) Investment Banking
3 433 (12.63%) Front Office
4 182 (5.31%) Retail Banking
5 165 (4.81%) Retail
6 86 (2.51%) Telecoms
7 77 (2.25%) Corporate Banking
8 73 (2.13%) Financial Institution
9 66 (1.93%) Back Office
10 56 (1.63%) Marketing
11 52 (1.52%) Legal
12 44 (1.28%) International Banking
13 31 (0.90%) Public Sector
14 28 (0.82%) Private Banking
15 26 (0.76%) Law
16 18 (0.53%) Publishing
17 15 (0.44%) Games
18 12 (0.35%) French Language
19 10 (0.29%) Wholesale Banking
20 9 (0.26%) German Language
Job Titles
1 1,208 (35.25%) Developer
2 537 (15.67%) Analyst
3 362 (10.56%) Java Developer
4 238 (6.94%) Business Analyst
5 233 (6.80%) Senior Developer
6 217 (6.33%) Architect
7 159 (4.64%) Project Manager
8 126 (3.68%) DevOps Engineer
9 117 (3.41%) Banking Analyst
10 114 (3.33%) Senior Java Developer
11 111 (3.24%) Consultant
12 108 (3.15%) Python Developer
13 106 (3.09%) C# Developer
14 84 (2.45%) Full Stack Developer
14 84 (2.45%) SQL Developer
15 82 (2.39%) Java Engineer
16 77 (2.25%) Data Engineer
17 76 (2.22%) .NET Developer
18 66 (1.93%) Angular Developer
19 65 (1.90%) AWS Developer
Libraries, Frameworks & Software Standards
1 245 (7.15%) AngularJS
2 223 (6.51%) .NET
3 196 (5.72%) HTML
4 182 (5.31%) Spring
5 178 (5.19%) React
6 176 (5.14%) Web Services
7 149 (4.35%) CSS
8 143 (4.17%) Kafka
9 133 (3.88%) Node.js
9 133 (3.88%) Spring Boot
10 127 (3.71%) REST
11 113 (3.30%) RESTful
12 98 (2.86%) HTML5
13 82 (2.39%) J2EE
14 66 (1.93%) JSON
15 61 (1.78%) SOAP
16 60 (1.75%) XML
17 57 (1.66%) Middleware
18 54 (1.58%) Redux
19 53 (1.55%) Hibernate
Miscellaneous
1 279 (8.14%) Analytical Skills
2 258 (7.53%) Foreign Exchange (FX)
3 215 (6.27%) Derivative
4 182 (5.31%) User Experience
5 179 (5.22%) Fixed Income
6 144 (4.20%) Equities
7 121 (3.53%) Data Centre
8 101 (2.95%) Hedge funds
9 87 (2.54%) Greenfield Project
10 73 (2.13%) Mobile App
11 69 (2.01%) Credit Risk
12 68 (1.98%) Equity Derivative
13 65 (1.90%) Mobile Banking
14 64 (1.87%) Virtual Team
15 63 (1.84%) Management Information System
16 62 (1.81%) Data Structures
17 50 (1.46%) Market Risk
18 48 (1.40%) Public Cloud
19 44 (1.28%) Self-Motivation
20 37 (1.08%) Algorithms
Operating Systems
1 292 (8.52%) Windows
2 223 (6.51%) Linux
3 139 (4.06%) Unix
4 111 (3.24%) Windows 10
5 96 (2.80%) Android
6 67 (1.96%) Windows 7
6 67 (1.96%) Windows Server
7 66 (1.93%) Apple iOS
8 37 (1.08%) Red Hat Enterprise Linux
9 28 (0.82%) Windows Server 2012
10 23 (0.67%) Windows Server 2008
11 22 (0.64%) Solaris
12 13 (0.38%) CentOS
13 7 (0.20%) Mac OS X
14 6 (0.18%) CoreOS
15 5 (0.15%) Windows XP
16 4 (0.12%) Mac OS
17 3 (0.088%) Check Point GAiA
17 3 (0.088%) SUSE Linux Enterprise Server
17 3 (0.088%) Ubuntu
Processes & Methodologies
1 1,013 (29.56%) Agile Software Development
2 383 (11.18%) DevOps
3 334 (9.75%) Microservices
4 307 (8.96%) TDD
5 276 (8.05%) Problem-Solving
6 271 (7.91%) Stakeholder Management
7 267 (7.79%) Scrum
8 231 (6.74%) Migration
9 228 (6.65%) Test Automation
10 205 (5.98%) Project Management
11 200 (5.84%) Software Engineering
12 194 (5.66%) Analytics
13 184 (5.37%) Asset Management
14 176 (5.14%) BDD
15 175 (5.11%) SDLC
16 168 (4.90%) Fintech
17 163 (4.76%) Continuous Integration
18 139 (4.06%) Multithreading
19 138 (4.03%) Business Analysis
19 138 (4.03%) Change Management
Programming Languages
1 871 (25.42%) Java
2 554 (16.17%) SQL
3 431 (12.58%) Python
4 375 (10.94%) JavaScript
5 258 (7.53%) C#
6 133 (3.88%) Scala
7 120 (3.50%) Kotlin
8 101 (2.95%) Java 8
9 99 (2.89%) C++
10 98 (2.86%) PowerShell
11 88 (2.57%) TypeScript
12 58 (1.69%) Perl
13 57 (1.66%) VBA
14 53 (1.55%) PL/SQL
15 43 (1.25%) R
16 39 (1.14%) T-SQL
17 37 (1.08%) Go
18 36 (1.05%) Bash Shell
18 36 (1.05%) C
19 31 (0.90%) Groovy
Qualifications
1 178 (5.19%) Degree
2 54 (1.58%) Security Cleared
3 48 (1.40%) SC Cleared
4 36 (1.05%) Computer Science Degree
5 33 (0.96%) CISSP
6 31 (0.90%) Cisco Certification
7 26 (0.76%) CCNP
8 23 (0.67%) ISTQB
9 22 (0.64%) CCNA
10 17 (0.50%) ISEB
10 17 (0.50%) ITIL Certification
11 16 (0.47%) CISM
11 16 (0.47%) PMI Certification
12 13 (0.38%) Numerate Degree
13 12 (0.35%) Microsoft Certification
13 12 (0.35%) PMP
14 10 (0.29%) VMware Certified Professional (VCP)
15 9 (0.26%) MCSE
16 8 (0.23%) CISA
17 7 (0.20%) MCSA
Quality Assurance & Compliance
1 106 (3.09%) QA
2 73 (2.13%) PMO
3 42 (1.23%) SLA
4 40 (1.17%) MiFID
5 37 (1.08%) PSD2
6 36 (1.05%) Data Quality
7 26 (0.76%) ISO/IEC 27001
8 19 (0.55%) GDPR
9 17 (0.50%) IFRS
10 13 (0.38%) IFRS 9
10 13 (0.38%) SEPA
11 12 (0.35%) EMIR
12 10 (0.29%) COBIT
13 9 (0.26%) NIST
14 7 (0.20%) COREP
14 7 (0.20%) Dodd-Frank
15 6 (0.18%) Basel III
15 6 (0.18%) CRD IV
15 6 (0.18%) ITGC
15 6 (0.18%) PCI DSS
System Software
1 234 (6.83%) Docker
2 120 (3.50%) Active Directory
3 39 (1.14%) VMware Infrastructure
4 33 (0.96%) HDFS
5 28 (0.82%) Virtual Machines
6 17 (0.50%) vSphere
6 17 (0.50%) XenApp
6 17 (0.50%) XenDesktop
7 12 (0.35%) Citrix Hypervisor
7 12 (0.35%) LXC
8 9 (0.26%) VMware ESXi
9 6 (0.18%) NFS
9 6 (0.18%) Oracle RAC
9 6 (0.18%) VMware NSX
10 5 (0.15%) Hyper-V
11 4 (0.12%) Gluster
11 4 (0.12%) Microsoft App-V
11 4 (0.12%) Squid
11 4 (0.12%) Terminal Services
11 4 (0.12%) Virtual Servers
Systems Management
1 248 (7.24%) Kubernetes
2 134 (3.91%) Ansible
3 116 (3.38%) Terraform
4 65 (1.90%) Puppet
5 44 (1.28%) Opscode Chef
5 44 (1.28%) SCCM
6 19 (0.55%) Nagios
7 18 (0.53%) Cacti
8 17 (0.50%) Grafana
9 15 (0.44%) Single Sign-On
10 14 (0.41%) Cisco Prime
10 14 (0.41%) Hadoop YARN
10 14 (0.41%) NetMRI
10 14 (0.41%) Statseeker
10 14 (0.41%) ZABBIX
11 12 (0.35%) HP Quality Center
11 12 (0.35%) Kibana
12 11 (0.32%) ITRS Geneos
13 10 (0.29%) Istio
14 9 (0.26%) vRealize
Vendors
1 255 (7.44%) Microsoft
2 253 (7.38%) Oracle
3 143 (4.17%) Google
4 82 (2.39%) Cisco
5 64 (1.87%) VMware
6 55 (1.60%) HP
7 53 (1.55%) Sybase
8 52 (1.52%) IBM
9 48 (1.40%) Dell
10 47 (1.37%) Red Hat
11 46 (1.34%) Splunk
12 43 (1.25%) Citrix
13 39 (1.14%) Salesforce.com
13 39 (1.14%) SAP
14 38 (1.11%) Adobe
15 37 (1.08%) Tableau
16 32 (0.93%) Bloomberg
17 31 (0.90%) Juniper
18 29 (0.85%) Informatica
19 28 (0.82%) MuleSoft