Period
to 4 August 2020

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 4 August 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.

Financial Institution
UK
6 months to
4 Aug 2020
Same period 2019 Same period 2018
Rank 380 301 356
Rank change year-on-year -79 +55 -29
Contract jobs citing Financial Institution 176 794 721
As % of all contract jobs advertised in the UK 0.49% 0.87% 0.70%
As % of the General category 1.21% 2.20% 1.71%
Number of daily rates quoted 118 577 401
Median daily rate £506 £550 £525
Median daily rate % change year-on-year -7.95% +4.76% -4.55%
10th Percentile £350 £385 £363
90th Percentile £653 £700 £713
UK excluding London median daily rate £500 £500 £425
% change year-on-year - +17.65% -8.41%
Number of hourly rates quoted 8 1 15
Median hourly rate £21.00 £10.00 £18.70
Median hourly rate % change year-on-year +110.00% -46.52% -18.70%
10th Percentile £10.63 £10.00 £14.05
90th Percentile £44.30 £10.00 £21.75
UK excluding London median hourly rate £11.20 £10.00 £14.05
% change year-on-year +12.00% -28.83% -

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 14,533 36,092 42,062
As % of all contract IT jobs advertised in the UK 40.58% 39.59% 40.61%
Number of daily rates quoted 9,202 23,247 27,301
Median daily rate £500 £488 £475
Median daily rate % change year-on-year +2.56% +2.63% +5.56%
10th Percentile £290 £300 £288
90th Percentile £713 £675 £675
UK excluding London median daily rate £450 £440 £425
% change year-on-year +2.27% +3.53% +4.94%
Number of hourly rates quoted 540 965 1,086
Median hourly rate £30.54 £22.83 £21.90
Median hourly rate % change year-on-year +33.76% +4.25% -0.45%
10th Percentile £13.00 £12.36 £11.71
90th Percentile £52.50 £50.00 £48.75
Median hourly rate £22.55 £23.00 £20.00
% change year-on-year -1.98% +15.00% -9.09%

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 4 August 2020.

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
Hourly Rate Histogram

Hourly rate distribution of jobs citing Financial Institution over the 6 months to 4 August 2020.

Hourly rate histogram for Financial Institution in the UK

Financial Institution
Top 14 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 4 August 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 -64 168 £506 -7.95% 36
London -60 120 £525 -4.55% 17
UK excluding London +71 51 £500 - 22
North of England +19 29 £500 - 10
Yorkshire -12 13 £500 - 4
South East +149 12 £240 -48.94% 3
North West +79 12 £500 +20.48% 6
Work from Home -23 9 £550 +4.76% 3
Scotland +52 4 £600 +26.32% 2
North East - 4 £575 -
East of England +82 2 £525 - 2
South West +72 2 £448 -18.64%
Midlands +67 2 £675 +35.00% 4
East Midlands +47 2 £675 +22.73% 3

For the 6 months to 4 August 2020, 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.

1 176 (100.00%) Finance
2 52 (29.55%) Java
3 51 (28.98%) Banking
4 47 (26.70%) Agile Software Development
5 37 (21.02%) SQL
6 28 (15.91%) Git (software)
7 25 (14.20%) Python
7 25 (14.20%) DevOps
8 24 (13.64%) Change Management
9 23 (13.07%) Jenkins
10 22 (12.50%) Spring
11 20 (11.36%) Microsoft
11 20 (11.36%) Windows
11 20 (11.36%) Computer Science
11 20 (11.36%) Java 8
12 19 (10.80%) Risk Management
13 18 (10.23%) Degree
14 16 (9.09%) JIRA
14 16 (9.09%) Test Automation
14 16 (9.09%) Azure
14 16 (9.09%) Investment Banking
14 16 (9.09%) Digital Transformation Programme
15 15 (8.52%) Migration
15 15 (8.52%) .NET
15 15 (8.52%) Analytical Skills
15 15 (8.52%) Kubernetes
16 14 (7.95%) Microservices
16 14 (7.95%) SDLC
16 14 (7.95%) Oracle
16 14 (7.95%) Linux

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 8 (4.55%) Confluence
2 6 (3.41%) Apache Spark
3 3 (1.70%) MS Exchange
4 2 (1.14%) Anypoint
4 2 (1.14%) Elasticsearch
4 2 (1.14%) IIS
4 2 (1.14%) SAS
4 2 (1.14%) WebLogic
5 1 (0.57%) Apache Airflow
5 1 (0.57%) MTS
5 1 (0.57%) nginx
5 1 (0.57%) SharePoint
Applications
1 8 (4.55%) Microsoft Excel
2 6 (3.41%) Microsoft Office
3 2 (1.14%) Microsoft PowerPoint
4 1 (0.57%) Acrobat
4 1 (0.57%) Adobe Creative Suite
4 1 (0.57%) Adobe Illustrator
4 1 (0.57%) Adobe XD
4 1 (0.57%) Blender
4 1 (0.57%) Figma
4 1 (0.57%) InDesign
4 1 (0.57%) InVision
4 1 (0.57%) Microsoft Project
4 1 (0.57%) Photoshop
4 1 (0.57%) Sketch
Business Applications
1 1 (0.57%) Front Arena
1 1 (0.57%) Oracle Subledger Accounting
1 1 (0.57%) SAP ERP
1 1 (0.57%) SAP S/4HANA
Cloud Services
1 16 (9.09%) Azure
2 13 (7.39%) AWS
3 8 (4.55%) GCP
4 7 (3.98%) GitHub
5 6 (3.41%) Slack
6 4 (2.27%) Office 365
6 4 (2.27%) PaaS
7 3 (1.70%) Power Platform
8 2 (1.14%) Azure Active Directory
8 2 (1.14%) OpenShift
8 2 (1.14%) SaaS
9 1 (0.57%) AWS Lambda
9 1 (0.57%) Cloud Computing
9 1 (0.57%) IaaS
9 1 (0.57%) Salesforce Sales Cloud
9 1 (0.57%) Serverless
9 1 (0.57%) Stackdriver
9 1 (0.57%) SuccessFactors
Communications & Networking
1 7 (3.98%) Firewall
2 6 (3.41%) Wireless
3 5 (2.84%) HTTPS
3 5 (2.84%) LAN
3 5 (2.84%) SSL
3 5 (2.84%) WAN
4 4 (2.27%) FTP
5 3 (1.70%) Cisco Nexus
5 3 (1.70%) DNS
5 3 (1.70%) SAN
5 3 (1.70%) Skype
5 3 (1.70%) VoIP
6 2 (1.14%) Cisco IOS
6 2 (1.14%) FIX Connectivity
6 2 (1.14%) TCP/IP
7 1 (0.57%) BGP
7 1 (0.57%) DHCP
7 1 (0.57%) IPsec
7 1 (0.57%) OSPF
7 1 (0.57%) VPN
Database & Business Intelligence
1 12 (6.82%) SQL Server
2 7 (3.98%) SQL Server Integration Services
3 6 (3.41%) NoSQL
4 5 (2.84%) Oracle Database
5 4 (2.27%) MongoDB
5 4 (2.27%) MySQL
5 4 (2.27%) PostgreSQL
5 4 (2.27%) Relational Database
6 3 (1.70%) Big Data
6 3 (1.70%) Data Warehouse
6 3 (1.70%) Power BI
6 3 (1.70%) SQLPlus
7 2 (1.14%) DB2
7 2 (1.14%) DB2 UDB
7 2 (1.14%) Hadoop
7 2 (1.14%) KDB
7 2 (1.14%) MS Access
7 2 (1.14%) Oracle Reports
8 1 (0.57%) Data Mining
8 1 (0.57%) SQL Server Reporting Services
Development Applications
1 28 (15.91%) Git (software)
2 23 (13.07%) Jenkins
3 16 (9.09%) JIRA
4 9 (5.11%) Maven
5 6 (3.41%) CocoaPods
5 6 (3.41%) Sonatype Nexus
5 6 (3.41%) Xcode
6 5 (2.84%) Vagrant
7 4 (2.27%) Subversion
8 3 (1.70%) Android Studio
8 3 (1.70%) Eclipse
8 3 (1.70%) Gradle
8 3 (1.70%) TeamCity
9 2 (1.14%) Ant
9 2 (1.14%) Selenium
9 2 (1.14%) Team Foundation Server
9 2 (1.14%) webpack
10 1 (0.57%) GitLab
10 1 (0.57%) IntelliJ
10 1 (0.57%) Visual Studio
General
1 176 (100.00%) Finance
2 51 (28.98%) Banking
3 16 (9.09%) Investment Banking
4 12 (6.82%) Front Office
5 5 (2.84%) Back Office
5 5 (2.84%) French Language
5 5 (2.84%) Legal
6 2 (1.14%) Retail Banking
7 1 (0.57%) Billing
7 1 (0.57%) International Banking
7 1 (0.57%) Law
7 1 (0.57%) Marketing
Job Titles
1 68 (38.64%) Developer
2 27 (15.34%) Java Developer
3 23 (13.07%) Analyst
4 15 (8.52%) Senior Developer
5 12 (6.82%) Network Engineer
6 9 (5.11%) Senior Java Developer
7 7 (3.98%) Architect
7 7 (3.98%) DevOps Engineer
7 7 (3.98%) Full Stack Developer
8 6 (3.41%) Angular Developer
8 6 (3.41%) C# Developer
8 6 (3.41%) Consultant
8 6 (3.41%) iOS Developer
8 6 (3.41%) SQL Developer
9 5 (2.84%) Oracle Developer
9 5 (2.84%) Solutions Architect
10 4 (2.27%) .NET Developer
10 4 (2.27%) Business Analyst
10 4 (2.27%) Infrastructure Engineer
10 4 (2.27%) IT Administrator
Libraries, Frameworks & Software Standards
1 22 (12.50%) Spring
2 15 (8.52%) .NET
3 13 (7.39%) REST
4 10 (5.68%) HTML
5 9 (5.11%) AngularJS
5 9 (5.11%) Kafka
5 9 (5.11%) RESTful
6 8 (4.55%) CSS
6 8 (4.55%) Spring Boot
7 7 (3.98%) JSON
8 5 (2.84%) Guice
8 5 (2.84%) JAAS
8 5 (2.84%) Spring Security
8 5 (2.84%) Web Services
8 5 (2.84%) XML
9 4 (2.27%) Middleware
9 4 (2.27%) Node.js
9 4 (2.27%) React
9 4 (2.27%) SailPoint
9 4 (2.27%) Sass
Miscellaneous
1 15 (8.52%) Analytical Skills
2 13 (7.39%) Mobile App
3 10 (5.68%) User Experience
4 9 (5.11%) Derivative
5 8 (4.55%) Fixed Income
5 8 (4.55%) Hedge funds
6 5 (2.84%) Analytical Mindset
6 5 (2.84%) Virtual Team
7 4 (2.27%) Blackberry
7 4 (2.27%) Credit Risk
7 4 (2.27%) Self-Motivation
8 3 (1.70%) Algorithms
8 3 (1.70%) Data Centre
8 3 (1.70%) FMCG
8 3 (1.70%) Management Information System
8 3 (1.70%) Market Risk
9 2 (1.14%) Enterprise Software
9 2 (1.14%) Greenfield Project
9 2 (1.14%) Linux Command Line
9 2 (1.14%) Mobile Banking
Operating Systems
1 20 (11.36%) Windows
2 14 (7.95%) Linux
3 11 (6.25%) Apple iOS
4 10 (5.68%) Windows 10
5 9 (5.11%) Android
5 9 (5.11%) Unix
6 7 (3.98%) Windows 7
7 6 (3.41%) Windows Server
8 3 (1.70%) Red Hat Enterprise Linux
8 3 (1.70%) Windows Server 2008
8 3 (1.70%) Windows Server 2016
9 2 (1.14%) Mac OS
10 1 (0.57%) HPUX
10 1 (0.57%) Solaris
10 1 (0.57%) VMS
Processes & Methodologies
1 47 (26.70%) Agile Software Development
2 25 (14.20%) DevOps
3 24 (13.64%) Change Management
4 20 (11.36%) Computer Science
5 19 (10.80%) Risk Management
6 16 (9.09%) Digital Transformation Programme
6 16 (9.09%) Test Automation
7 15 (8.52%) Migration
8 14 (7.95%) Microservices
8 14 (7.95%) SDLC
8 14 (7.95%) TDD
9 13 (7.39%) Problem-Solving
9 13 (7.39%) Software Engineering
10 11 (6.25%) Multithreading
10 11 (6.25%) User Acceptance Testing
11 10 (5.68%) Analytics
11 10 (5.68%) Asset Management
11 10 (5.68%) Cybersecurity
12 9 (5.11%) Continuous Integration
12 9 (5.11%) Stakeholder Management
Programming Languages
1 52 (29.55%) Java
2 37 (21.02%) SQL
3 25 (14.20%) Python
4 20 (11.36%) Java 8
5 13 (7.39%) JavaScript
5 13 (7.39%) PowerShell
6 9 (5.11%) Kotlin
7 8 (4.55%) C#
8 6 (3.41%) Apple Swift
8 6 (3.41%) Scala
9 5 (2.84%) Go
10 4 (2.27%) C++
10 4 (2.27%) PL/SQL
11 3 (1.70%) Perl
11 3 (1.70%) TypeScript
11 3 (1.70%) VBA
12 2 (1.14%) BeanShell
12 2 (1.14%) Bourne shell
12 2 (1.14%) R
12 2 (1.14%) VBScript
Qualifications
1 18 (10.23%) Degree
2 8 (4.55%) Computer Science Degree
3 6 (3.41%) CISA
3 6 (3.41%) CISSP
3 6 (3.41%) CSSLP
3 6 (3.41%) GIAC
4 5 (2.84%) CISM
4 5 (2.84%) CRISC
4 5 (2.84%) GSSP-.NET
4 5 (2.84%) GSSP-JAVA
4 5 (2.84%) GWAPT
4 5 (2.84%) ISACA
5 4 (2.27%) CCNP
5 4 (2.27%) Cisco Certification
6 3 (1.70%) PMI Certification
6 3 (1.70%) Security Cleared
7 2 (1.14%) Microsoft Certification
7 2 (1.14%) PMP
7 2 (1.14%) SC Cleared
8 1 (0.57%) PRINCE2 Certification
Quality Assurance & Compliance
1 7 (3.98%) QA
2 5 (2.84%) PSD2
3 2 (1.14%) GDPR
3 2 (1.14%) PMO
4 1 (0.57%) FINREP
4 1 (0.57%) ISO 20022
4 1 (0.57%) ISO/IEC 27001
4 1 (0.57%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
4 1 (0.57%) MiFID
System Software
1 14 (7.95%) Active Directory
2 10 (5.68%) Docker
3 8 (4.55%) VMware Infrastructure
4 3 (1.70%) Hyper-V
4 3 (1.70%) Virtual Machines
4 3 (1.70%) VMware Workstation
5 2 (1.14%) RACF
6 1 (0.57%) VirtualBox
6 1 (0.57%) VMware ESXi
6 1 (0.57%) XenApp
Systems Management
1 15 (8.52%) Kubernetes
2 12 (6.82%) Ansible
3 5 (2.84%) Prometheus
3 5 (2.84%) Terraform
3 5 (2.84%) Zipkin
4 4 (2.27%) FortiGate
4 4 (2.27%) SCCM
5 3 (1.70%) WSUS
6 2 (1.14%) Control-M
6 2 (1.14%) Kibana
6 2 (1.14%) logstash
6 2 (1.14%) NetBackup
6 2 (1.14%) Puppet
6 2 (1.14%) Tivoli
6 2 (1.14%) Tivoli Storage Manager
6 2 (1.14%) vRealize
7 1 (0.57%) Opscode Chef
7 1 (0.57%) Packer
Vendors
1 20 (11.36%) Microsoft
2 14 (7.95%) Oracle
3 13 (7.39%) Cisco
4 11 (6.25%) Splunk
5 8 (4.55%) F5
5 8 (4.55%) VMware
6 7 (3.98%) Blue Coat
6 7 (3.98%) Tableau
7 5 (2.84%) Juniper
7 5 (2.84%) Netsparker
8 4 (2.27%) IBM
8 4 (2.27%) MuleSoft
9 3 (1.70%) AppDynamics
9 3 (1.70%) Apple
9 3 (1.70%) Avaya
9 3 (1.70%) Bloomberg
9 3 (1.70%) CheckPoint
9 3 (1.70%) Red Hat
9 3 (1.70%) Riverbed
9 3 (1.70%) SAP