Period
to 13 April 2021

The table below looks at the prevalence of the term Financial Institution in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Financial Institution over the 6 months to 13 April 2021 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.

Financial Institution
UK
6 months to
13 Apr 2021
Same period 2020 Same period 2019
Rank 455 492 311
Rank change year-on-year +37 -181 +64
Contract jobs citing Financial Institution 205 215 792
As % of all contract jobs advertised in the UK 0.39% 0.36% 0.82%
As % of the General category 0.96% 0.96% 2.06%
Number of daily rates quoted 118 146 480
10th Percentile £400 £350 £374
25th Percentile £463 £413 £450
Median daily rate (50th Percentile) £555 £525 £538
Median % change year-on-year +5.71% -2.33% +2.38%
75th Percentile £650 £602 £638
90th Percentile £750 £675 £706
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +5.56%
Number of hourly rates quoted 1 8 8
10th Percentile " £10.63 "
25th Percentile £12.06 £11.10 £14.05
Median hourly rate £12.73 £11.40 £18.70
Median % change year-on-year +11.62% -39.04% -1.73%
75th Percentile £13.39 £18.70 "
90th Percentile " £21.79 £18.94
UK excluding London median hourly rate £12.73 £11.20 £14.05
% change year-on-year +13.62% -20.28% -11.41%

Financial Institution 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 21,454 22,408 38,450
As % of all contract IT jobs advertised in the UK 40.87% 37.41% 39.87%
Number of daily rates quoted 14,576 14,783 25,735
10th Percentile £306 £270 £300
25th Percentile £400 £386 £385
Median daily rate (50th Percentile) £500 £481 £484
Median % change year-on-year +4.00% -0.67% +1.89%
75th Percentile £600 £600 £588
90th Percentile £700 £688 £675
UK excluding London median daily rate £430 £445 £438
% change year-on-year -3.37% +1.71% +2.94%
Number of hourly rates quoted 771 709 933
10th Percentile £12.25 £12.44 £11.78
25th Percentile £15.04 £15.75 £14.75
Median hourly rate £24.00 £21.50 £20.86
Median % change year-on-year +11.63% +3.09% -0.69%
75th Percentile £44.39 £43.75 £41.00
90th Percentile £54.00 £52.50 £50.00
UK excluding London median hourly rate £21.50 £20.03 £20.00
% change year-on-year +7.37% +0.13% +5.26%

Financial Institution
Job Vacancy Trend

Job postings citing Financial Institution as a proportion of all IT jobs advertised.

Job vacancy trend for Financial Institution in the UK

Financial Institution
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Financial Institution.

Daily rate trend for Financial Institution in the UK

Financial Institution
Daily Rate Histogram

Daily rate distribution for jobs citing Financial Institution over the 6 months to 13 April 2021.

Daily rate histogram for Financial Institution in the UK

Financial Institution
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Financial Institution.

Hourly rate trend for Financial Institution in the UK

Financial Institution
Top 9 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Financial Institution within the UK over the 6 months to 13 April 2021. 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 +64 187 £550 +10.00% 62
London +48 171 £555 +5.71% 38
Work from Home -200 52 £568 +3.18% 7
UK excluding London +56 15 £500 - 26
Scotland +3 6 - - 1
South East +64 5 £525 +5.00% 5
South West +63 2 £500 +11.11% 2
North West +31 2 £431 -9.37% 5
North of England +26 2 £431 -4.33% 14

For the 6 months to 13 April 2021, IT contractor jobs citing Financial Institution 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 Financial Institution.

1 205 (100.00%) Finance
2 78 (38.05%) Banking
3 70 (34.15%) Agile Software Development
4 37 (18.05%) Analytical Skills
5 35 (17.07%) Java
6 30 (14.63%) SQL
7 28 (13.66%) DevOps
8 25 (12.20%) User Experience
9 23 (11.22%) Computer Science
9 23 (11.22%) Azure
10 21 (10.24%) Degree
11 20 (9.76%) Windows
11 20 (9.76%) Python
11 20 (9.76%) QA
12 19 (9.27%) JavaScript
13 18 (8.78%) Investment Banking
13 18 (8.78%) SDLC
14 17 (8.29%) Front Office
14 17 (8.29%) SQL Server
14 17 (8.29%) Microsoft
14 17 (8.29%) Test Automation
15 16 (7.80%) Hedge funds
15 16 (7.80%) Requirements Gathering
16 15 (7.32%) Problem-Solving
16 15 (7.32%) Mathematics
16 15 (7.32%) Test Strategy
16 15 (7.32%) Legal
16 15 (7.32%) Scrum
16 15 (7.32%) Derivative
16 15 (7.32%) TDD

Financial Institution
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 6 (2.93%) Apache Spark
2 5 (2.44%) Apache
3 3 (1.46%) GemFire
4 2 (0.98%) Confluence
5 1 (0.49%) Cloud Foundry
5 1 (0.49%) IIS
5 1 (0.49%) Jupyter
5 1 (0.49%) Skype for Business
Applications
1 11 (5.37%) Microsoft Excel
2 3 (1.46%) Sketch
3 2 (0.98%) Figma
3 2 (0.98%) Microsoft Office
3 2 (0.98%) MS Visio
4 1 (0.49%) Adobe Premiere
4 1 (0.49%) Adobe XD
4 1 (0.49%) Camtasia
4 1 (0.49%) Microsoft PowerPoint
4 1 (0.49%) OmniGraffle
4 1 (0.49%) UserZoom
Business Applications
1 3 (1.46%) SAP S/4HANA
2 2 (0.98%) Remedy ITSM
3 1 (0.49%) Loan IQ
Cloud Services
1 23 (11.22%) Azure
2 14 (6.83%) AWS
3 10 (4.88%) Microsoft 365
4 8 (3.90%) GCP
5 6 (2.93%) Apigee
6 5 (2.44%) Azure Active Directory
7 3 (1.46%) FinancialForce
7 3 (1.46%) OpenShift
8 2 (0.98%) Salesforce Sales Cloud
9 1 (0.49%) Amazon CloudWatch
9 1 (0.49%) Amazon Cognito
9 1 (0.49%) Amazon EKS
9 1 (0.49%) Amazon ELB
9 1 (0.49%) Amazon GuardDuty
9 1 (0.49%) AWS CloudFormation
9 1 (0.49%) AWS Lambda
9 1 (0.49%) Power Platform
9 1 (0.49%) Route 53
9 1 (0.49%) Serverless
9 1 (0.49%) SurveyMonkey
Communications & Networking
1 9 (4.39%) TCP/IP
2 7 (3.41%) DNS
3 6 (2.93%) Firewall
3 6 (2.93%) FTP
4 5 (2.44%) WAN
5 4 (1.95%) DHCP
5 4 (1.95%) Wireless
6 3 (1.46%) Cisco Wireless
6 3 (1.46%) F5 BIG-IP GTM
6 3 (1.46%) F5 BIG-IP LTM
6 3 (1.46%) LAN
6 3 (1.46%) NX-OS
6 3 (1.46%) OSPF
6 3 (1.46%) VSAN
6 3 (1.46%) WLAN
7 2 (0.98%) NAS
7 2 (0.98%) Network Security
7 2 (0.98%) SAN
7 2 (0.98%) VoIP
7 2 (0.98%) Wireshark
Database & Business Intelligence
1 17 (8.29%) SQL Server
2 8 (3.90%) SQL Server Integration Services
3 6 (2.93%) NoSQL
4 5 (2.44%) Data Warehouse
4 5 (2.44%) Hadoop
4 5 (2.44%) Tableau
5 4 (1.95%) Big Data
5 4 (1.95%) Oracle Reports
5 4 (1.95%) SQL Server Reporting Services
5 4 (1.95%) Tableau Desktop
6 3 (1.46%) MongoDB
6 3 (1.46%) MS Access
6 3 (1.46%) Oracle Database
6 3 (1.46%) Oracle Database 10g
6 3 (1.46%) Oracle Database 11g
6 3 (1.46%) Oracle Database 12c
7 2 (0.98%) Apache Cassandra
7 2 (0.98%) Apache Hive
8 1 (0.49%) Neo4j
8 1 (0.49%) Relational Database
Development Applications
1 14 (6.83%) JIRA
2 11 (5.37%) Git (software)
3 8 (3.90%) Jenkins
4 6 (2.93%) Cucumber
4 6 (2.93%) Maven
5 4 (1.95%) Axure RP
6 3 (1.46%) GitLab
6 3 (1.46%) Hudson
6 3 (1.46%) Octopus Deploy
6 3 (1.46%) Visual Studio
7 2 (0.98%) Bitbucket
7 2 (0.98%) Selenium
7 2 (0.98%) Subversion
8 1 (0.49%) Atlassian Bamboo
8 1 (0.49%) Eclipse
8 1 (0.49%) Gradle
8 1 (0.49%) IntelliJ
8 1 (0.49%) JUnit
8 1 (0.49%) Team Foundation Server
8 1 (0.49%) Toad
General
1 205 (100.00%) Finance
2 78 (38.05%) Banking
3 18 (8.78%) Investment Banking
4 17 (8.29%) Front Office
5 15 (7.32%) Legal
6 9 (4.39%) Retail
7 6 (2.93%) Publishing
8 5 (2.44%) Marketing
8 5 (2.44%) Retail Banking
9 4 (1.95%) Back Office
10 3 (1.46%) Billing
10 3 (1.46%) Telecoms
11 2 (0.98%) Manufacturing
11 2 (0.98%) Public Sector
12 1 (0.49%) Danish Language
12 1 (0.49%) International Banking
Job Titles
1 55 (26.83%) Developer
2 38 (18.54%) Analyst
3 21 (10.24%) Business Analyst
4 20 (9.76%) Java Developer
5 11 (5.37%) Banking Analyst
6 10 (4.88%) Architect
6 10 (4.88%) Automation Engineer
6 10 (4.88%) Designer
6 10 (4.88%) QA Automation Engineer
6 10 (4.88%) QA Engineer
6 10 (4.88%) Senior Automation Engineer
6 10 (4.88%) Senior QA Engineer
6 10 (4.88%) UX Designer
7 9 (4.39%) C# Developer
7 9 (4.39%) Network Engineer
8 8 (3.90%) Investment Banking Business Analyst
8 8 (3.90%) Java Engineer
9 7 (3.41%) Risk Analyst
9 7 (3.41%) Risk Business Analyst
9 7 (3.41%) Technical Analyst
Libraries, Frameworks & Software Standards
1 12 (5.85%) .NET
2 11 (5.37%) Spring
3 8 (3.90%) Node.js
4 7 (3.41%) CSS
4 7 (3.41%) HTML
4 7 (3.41%) Kafka
5 5 (2.44%) AngularJS
5 5 (2.44%) Gherkin
5 5 (2.44%) React
5 5 (2.44%) Swagger
6 4 (1.95%) GraphQL
6 4 (1.95%) Hibernate
6 4 (1.95%) Middleware
6 4 (1.95%) REST
6 4 (1.95%) WPF
6 4 (1.95%) YAML
7 3 (1.46%) RESTful
8 2 (0.98%) Boost C++ Libraries
8 2 (0.98%) Qt
8 2 (0.98%) WinForms
Miscellaneous
1 37 (18.05%) Analytical Skills
2 25 (12.20%) User Experience
3 16 (7.80%) Hedge funds
4 15 (7.32%) Derivative
5 14 (6.83%) Market Risk
6 12 (5.85%) Foreign Exchange (FX)
7 10 (4.88%) Virtual Team
8 9 (4.39%) Analytical Mindset
9 7 (3.41%) Credit Risk
10 6 (2.93%) Data Centre
10 6 (2.93%) Mobile App
11 5 (2.44%) Management Information System
11 5 (2.44%) Online Banking
12 4 (1.95%) Data Structures
12 4 (1.95%) Enterprise Cloud
12 4 (1.95%) Fixed Income
12 4 (1.95%) Greenfield Project
13 3 (1.46%) Algorithms
13 3 (1.46%) Hybrid Cloud
13 3 (1.46%) Self-Motivation
Operating Systems
1 20 (9.76%) Windows
2 14 (6.83%) Linux
3 7 (3.41%) Unix
4 5 (2.44%) Windows 10
5 4 (1.95%) Windows Server
5 4 (1.95%) Windows Server 2016
5 4 (1.95%) Windows Server 2019
6 3 (1.46%) Red Hat Enterprise Linux
7 2 (0.98%) AIX
7 2 (0.98%) Solaris
8 1 (0.49%) Mac OS
8 1 (0.49%) Windows Server 2008
8 1 (0.49%) Windows Server 2012
Processes & Methodologies
1 70 (34.15%) Agile Software Development
2 28 (13.66%) DevOps
3 23 (11.22%) Computer Science
4 18 (8.78%) SDLC
5 17 (8.29%) Test Automation
6 16 (7.80%) Requirements Gathering
7 15 (7.32%) Data Analysis
7 15 (7.32%) Mathematics
7 15 (7.32%) Problem-Solving
7 15 (7.32%) Scrum
7 15 (7.32%) TDD
7 15 (7.32%) Test Strategy
8 14 (6.83%) BDD
8 14 (6.83%) Project Management
8 14 (6.83%) Risk Management
8 14 (6.83%) Scenario Testing
9 12 (5.85%) Analytics
9 12 (5.85%) Stakeholder Management
10 11 (5.37%) Cybersecurity
10 11 (5.37%) Migration
Programming Languages
1 35 (17.07%) Java
2 30 (14.63%) SQL
3 20 (9.76%) Python
4 19 (9.27%) JavaScript
5 14 (6.83%) C#
5 14 (6.83%) Java 8
6 11 (5.37%) PowerShell
7 9 (4.39%) C++
7 9 (4.39%) TypeScript
8 4 (1.95%) Shell Script
9 3 (1.46%) Kotlin
9 3 (1.46%) Perl
9 3 (1.46%) Scala
9 3 (1.46%) T-SQL
9 3 (1.46%) VBA
10 2 (0.98%) Apex Code
10 2 (0.98%) SOQL
10 2 (0.98%) VB
11 1 (0.49%) Bash Shell
11 1 (0.49%) PL/1
Qualifications
1 21 (10.24%) Degree
2 7 (3.41%) CISSP
3 6 (2.93%) Computer Science Degree
3 6 (2.93%) PhD
4 4 (1.95%) CCNP
4 4 (1.95%) Cisco Certification
4 4 (1.95%) CISM
5 3 (1.46%) FFIEC
5 3 (1.46%) PMI Certification
5 3 (1.46%) PRINCE2 Certification
6 2 (0.98%) CCIE
6 2 (0.98%) CRISC
7 1 (0.49%) CCIE Collaboration
7 1 (0.49%) CCNA
7 1 (0.49%) CCSE
7 1 (0.49%) CISA
7 1 (0.49%) GIAC
7 1 (0.49%) Master's Degree
7 1 (0.49%) SC Cleared
7 1 (0.49%) Security Cleared
Quality Assurance & Compliance
1 20 (9.76%) QA
2 10 (4.88%) GDPR
3 7 (3.41%) ISO/IEC 27001
4 4 (1.95%) IFRS
4 4 (1.95%) NIST
4 4 (1.95%) PCI DSS
5 3 (1.46%) Data Quality
5 3 (1.46%) Sarbanes-Oxley
6 2 (0.98%) GRC
6 2 (0.98%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
6 2 (0.98%) Section 508
6 2 (0.98%) WAI
7 1 (0.49%) COBIT
7 1 (0.49%) IFRS 9
7 1 (0.49%) MiFID
7 1 (0.49%) PMO
7 1 (0.49%) SLA
System Software
1 8 (3.90%) Active Directory
2 4 (1.95%) Docker
2 4 (1.95%) Hyper-V
2 4 (1.95%) VMware Infrastructure
3 3 (1.46%) vSphere
4 2 (0.98%) Oracle RAC
4 2 (0.98%) Veritas File System
5 1 (0.49%) ProxySG
5 1 (0.49%) Virtual Machines
5 1 (0.49%) VMware ESXi
Systems Management
1 8 (3.90%) Kubernetes
1 8 (3.90%) Terraform
2 6 (2.93%) Ansible
3 3 (1.46%) FortiGate
3 3 (1.46%) Opscode Chef
3 3 (1.46%) PowerCLI
3 3 (1.46%) SCCM
3 3 (1.46%) vCenter Server
4 2 (0.98%) BladeLogic
5 1 (0.49%) Cisco CUCM
5 1 (0.49%) HP Fortify
5 1 (0.49%) Puppet
5 1 (0.49%) Single Sign-On
5 1 (0.49%) WhatsUp Gold
Vendors
1 17 (8.29%) Microsoft
2 11 (5.37%) Cisco
2 11 (5.37%) Oracle
3 7 (3.41%) Google
3 7 (3.41%) HP
3 7 (3.41%) Salesforce.com
3 7 (3.41%) SAP
4 6 (2.93%) F5
4 6 (2.93%) VMware
5 5 (2.44%) CheckPoint
5 5 (2.44%) Fortinet
6 4 (1.95%) Blue Coat
6 4 (1.95%) Juniper
6 4 (1.95%) Splunk
6 4 (1.95%) Symantec
7 3 (1.46%) Apttus
7 3 (1.46%) IBM
7 3 (1.46%) Murex
7 3 (1.46%) Red Hat
7 3 (1.46%) Veritas