Period
to 27 January 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 27 January 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
27 Jan 2021
Same period 2020 Same period 2019
Rank 393 448 340
Rank change year-on-year +55 -108 +20
Contract jobs citing Financial Institution 209 315 757
As % of all contract jobs advertised in the UK 0.49% 0.44% 0.77%
As % of the General category 1.21% 1.18% 1.93%
Number of daily rates quoted 166 223 444
Median daily rate £550 £500 £550
Median daily rate % change year-on-year +10.00% -9.09% +2.56%
10th Percentile £419 £340 £325
90th Percentile £700 £675 £713
UK excluding London median daily rate £430 £450 £438
% change year-on-year -4.44% +2.86% -2.78%
Number of hourly rates quoted 2 7 12
Median hourly rate £12.73 £18.70 £18.70
Median hourly rate % change year-on-year -31.95% - +17.91%
UK excluding London median hourly rate £12.73 £11.40 £14.05
% change year-on-year +11.62% -18.86% -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 17,331 26,782 39,288
As % of all contract IT jobs advertised in the UK 40.45% 37.44% 40.10%
Number of daily rates quoted 11,729 17,655 26,205
Median daily rate £490 £475 £475
Median daily rate % change year-on-year +3.16% - +2.70%
10th Percentile £300 £268 £300
90th Percentile £688 £675 £675
UK excluding London median daily rate £425 £431 £425
% change year-on-year -1.28% +1.29% +3.66%
Number of hourly rates quoted 633 820 1,023
Median hourly rate £25.00 £20.00 £20.25
Median hourly rate % change year-on-year +25.00% -1.21% -3.30%
10th Percentile £12.50 £12.44 £11.85
90th Percentile £54.35 £50.00 £47.50
Median hourly rate £23.49 £19.00 £20.00
% change year-on-year +23.61% -5.00% -

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 27 January 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 11 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 27 January 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 +67 187 £550 +10.00% 53
London +32 160 £550 +4.76% 32
Work from Home - 57 £568 - 5
UK excluding London +121 33 £430 -4.44% 27
South East +127 11 £695 +32.38% 8
North of England +69 11 £430 -4.44% 8
North West +62 8 £430 -9.47% 3
Scotland +44 7 - - 2
Yorkshire +28 3 £425 -5.56% 4
South West +93 2 £475 +7.95% 4
East of England - 2 £450 - 1

For the 6 months to 27 January 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.

1 209 (100.00%) Finance
2 75 (35.89%) Agile Software Development
3 65 (31.10%) Banking
4 37 (17.70%) Java
5 29 (13.88%) SQL
5 29 (13.88%) Analytical Skills
6 28 (13.40%) DevOps
6 28 (13.40%) SQL Server
7 26 (12.44%) Firewall
8 25 (11.96%) Python
8 25 (11.96%) Azure
9 24 (11.48%) Microsoft
10 23 (11.00%) Windows
11 21 (10.05%) Cisco
11 21 (10.05%) JIRA
12 20 (9.57%) Stakeholder Management
13 19 (9.09%) QA
13 19 (9.09%) Problem-Solving
14 18 (8.61%) BDD
14 18 (8.61%) User Experience
15 17 (8.13%) C#
16 16 (7.66%) Linux
16 16 (7.66%) SDLC
17 15 (7.18%) Office 365
17 15 (7.18%) Test Automation
17 15 (7.18%) JavaScript
17 15 (7.18%) Foreign Exchange (FX)
17 15 (7.18%) Risk Management
18 14 (6.70%) Change Management
18 14 (6.70%) Active Directory

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 7 (3.35%) Skype for Business
2 4 (1.91%) Apache Spark
2 4 (1.91%) Elasticsearch
3 3 (1.44%) Confluence
4 1 (0.48%) Apache
4 1 (0.48%) Apache Airflow
4 1 (0.48%) Cloud Foundry
4 1 (0.48%) IIS
4 1 (0.48%) SharePoint
Applications
1 8 (3.83%) Microsoft Excel
2 3 (1.44%) Sketch
3 2 (0.96%) Microsoft Office
3 2 (0.96%) Microsoft PowerPoint
3 2 (0.96%) MS Visio
4 1 (0.48%) Adobe Premiere
4 1 (0.48%) Adobe XD
4 1 (0.48%) Camtasia
4 1 (0.48%) Figma
4 1 (0.48%) OmniGraffle
4 1 (0.48%) UserZoom
Business Applications
1 3 (1.44%) SAP S/4HANA
2 2 (0.96%) NetSuite
3 1 (0.48%) Oracle AGIS
3 1 (0.48%) Oracle Applications
3 1 (0.48%) Oracle Assets
3 1 (0.48%) Oracle Cash Management
3 1 (0.48%) Oracle E-Business Tax
3 1 (0.48%) Oracle FAH
3 1 (0.48%) Oracle General Ledger
3 1 (0.48%) Oracle Payables
3 1 (0.48%) Oracle Receivables
3 1 (0.48%) Remedy ITSM
Cloud Services
1 25 (11.96%) Azure
2 15 (7.18%) Office 365
3 9 (4.31%) AWS
4 8 (3.83%) Azure Active Directory
5 4 (1.91%) GCP
5 4 (1.91%) PaaS
6 3 (1.44%) FinancialForce
6 3 (1.44%) IaaS
6 3 (1.44%) OpenShift
6 3 (1.44%) Power Platform
7 2 (0.96%) Apigee
7 2 (0.96%) Cloud Computing
8 1 (0.48%) Amazon Cognito
8 1 (0.48%) Amazon EKS
8 1 (0.48%) Azure Data Factory
8 1 (0.48%) SaaS
8 1 (0.48%) SurveyMonkey
Communications & Networking
1 26 (12.44%) Firewall
2 12 (5.74%) DNS
3 10 (4.78%) DMZ
3 10 (4.78%) Wireless
4 7 (3.35%) Skype
4 7 (3.35%) TCP/IP
4 7 (3.35%) WAN
5 6 (2.87%) Network Security
6 5 (2.39%) Cisco Nexus
6 5 (2.39%) FTP
6 5 (2.39%) LAN
7 4 (1.91%) Cisco Wireless
7 4 (1.91%) DHCP
7 4 (1.91%) F5 BIG-IP GTM
7 4 (1.91%) F5 BIG-IP LTM
7 4 (1.91%) Intrusion Detection
7 4 (1.91%) OSPF
7 4 (1.91%) WLAN
8 3 (1.44%) Reverse Proxy
8 3 (1.44%) VSAN
Database & Business Intelligence
1 28 (13.40%) SQL Server
2 11 (5.26%) SQL Server Integration Services
3 9 (4.31%) Tableau
4 5 (2.39%) Big Data
4 5 (2.39%) SQL Server Reporting Services
5 4 (1.91%) Data Warehouse
5 4 (1.91%) Hadoop
5 4 (1.91%) MySQL
5 4 (1.91%) Oracle Reports
5 4 (1.91%) Tableau Desktop
6 3 (1.44%) MongoDB
6 3 (1.44%) NoSQL
6 3 (1.44%) Power BI
7 2 (0.96%) Apache Hive
7 2 (0.96%) Data Mart
8 1 (0.48%) Apache Cassandra
8 1 (0.48%) NonStop SQL
8 1 (0.48%) PowerCenter
8 1 (0.48%) SAP BW
8 1 (0.48%) SQLPlus
Development Applications
1 21 (10.05%) JIRA
2 10 (4.78%) Cucumber
2 10 (4.78%) Git (software)
3 7 (3.35%) Jenkins
4 5 (2.39%) Selenium
5 4 (1.91%) Axure RP
6 3 (1.44%) Bitbucket
6 3 (1.44%) Octopus Deploy
6 3 (1.44%) TeamCity
6 3 (1.44%) WebDriver
7 2 (0.96%) GitLab
7 2 (0.96%) Maven
7 2 (0.96%) Subversion
7 2 (0.96%) Vagrant
7 2 (0.96%) Visual Studio
8 1 (0.48%) Atlassian Bamboo
8 1 (0.48%) JUnit
8 1 (0.48%) SonarQube
8 1 (0.48%) SQL Server Management Studio (SSMS)
8 1 (0.48%) Toad
General
1 209 (100.00%) Finance
2 65 (31.10%) Banking
3 13 (6.22%) Front Office
4 12 (5.74%) Legal
5 8 (3.83%) Retail Banking
6 6 (2.87%) Publishing
6 6 (2.87%) Telecoms
7 5 (2.39%) Retail
8 4 (1.91%) International Banking
8 4 (1.91%) Investment Banking
8 4 (1.91%) Manufacturing
8 4 (1.91%) Public Sector
9 2 (0.96%) Back Office
9 2 (0.96%) Marketing
10 1 (0.48%) Law
Job Titles
1 52 (24.88%) Developer
2 26 (12.44%) Analyst
3 23 (11.00%) Java Developer
4 17 (8.13%) Architect
4 17 (8.13%) Network Engineer
5 10 (4.78%) Automation Engineer
5 10 (4.78%) QA Automation Engineer
5 10 (4.78%) QA Engineer
5 10 (4.78%) Senior Automation Engineer
5 10 (4.78%) Senior QA Engineer
6 9 (4.31%) Business Analyst
6 9 (4.31%) Product Owner
6 9 (4.31%) Solutions Architect
7 8 (3.83%) C# Developer
7 8 (3.83%) Java Engineer
8 7 (3.35%) Consultant
9 6 (2.87%) Designer
9 6 (2.87%) Quantitative Analyst
9 6 (2.87%) Systems Administrator
9 6 (2.87%) UX Designer
Libraries, Frameworks & Software Standards
1 11 (5.26%) Kafka
2 10 (4.78%) HTML
3 9 (4.31%) .NET
3 9 (4.31%) AngularJS
3 9 (4.31%) CSS
3 9 (4.31%) Gherkin
4 7 (3.35%) React
5 6 (2.87%) REST
5 6 (2.87%) Spring
5 6 (2.87%) WPF
6 4 (1.91%) HTML5
7 3 (1.44%) Hibernate
7 3 (1.44%) Middleware
7 3 (1.44%) Node.js
7 3 (1.44%) Spring Boot
8 2 (0.96%) SAML
8 2 (0.96%) SOAP
8 2 (0.96%) STL
8 2 (0.96%) Web Services
8 2 (0.96%) WinForms
Miscellaneous
1 29 (13.88%) Analytical Skills
2 18 (8.61%) User Experience
3 15 (7.18%) Foreign Exchange (FX)
4 12 (5.74%) Virtual Team
5 10 (4.78%) Hedge funds
5 10 (4.78%) Mobile App
6 9 (4.31%) Market Risk
7 8 (3.83%) Data Centre
7 8 (3.83%) Private Cloud
8 7 (3.35%) Analytical Mindset
9 6 (2.87%) Greenfield Project
9 6 (2.87%) PKI
10 5 (2.39%) Algorithms
10 5 (2.39%) Credit Risk
11 4 (1.91%) Data Structures
11 4 (1.91%) Linux Command Line
11 4 (1.91%) Online Banking
12 3 (1.44%) Cloud Native
12 3 (1.44%) Hybrid Cloud
12 3 (1.44%) Mobile Banking
Operating Systems
1 23 (11.00%) Windows
2 16 (7.66%) Linux
3 11 (5.26%) Unix
4 3 (1.44%) Windows 10
4 3 (1.44%) Windows Server
4 3 (1.44%) Windows Server 2016
4 3 (1.44%) Windows Server 2019
5 2 (0.96%) Mac OS
6 1 (0.48%) AIX
6 1 (0.48%) Android
6 1 (0.48%) Red Hat Enterprise Linux
6 1 (0.48%) Solaris
Processes & Methodologies
1 75 (35.89%) Agile Software Development
2 28 (13.40%) DevOps
3 20 (9.57%) Stakeholder Management
4 19 (9.09%) Problem-Solving
5 18 (8.61%) BDD
6 16 (7.66%) SDLC
7 15 (7.18%) Risk Management
7 15 (7.18%) Test Automation
8 14 (6.70%) Acceptance Criteria
8 14 (6.70%) Change Management
8 14 (6.70%) Computer Science
8 14 (6.70%) Microservices
9 13 (6.22%) Cybersecurity
9 13 (6.22%) TDD
10 12 (5.74%) Data Analysis
10 12 (5.74%) Data Protection
10 12 (5.74%) Test Strategy
11 11 (5.26%) Asset Management
12 10 (4.78%) Business Intelligence
12 10 (4.78%) Low Latency
Programming Languages
1 37 (17.70%) Java
2 29 (13.88%) SQL
3 25 (11.96%) Python
4 17 (8.13%) C#
5 15 (7.18%) JavaScript
6 14 (6.70%) PowerShell
7 13 (6.22%) C++
8 10 (4.78%) Java 8
9 7 (3.35%) TypeScript
10 6 (2.87%) Kotlin
11 5 (2.39%) Shell Script
12 4 (1.91%) VBA
13 3 (1.44%) Perl
14 2 (0.96%) Bash Shell
14 2 (0.96%) Data Analysis Expressions (DAX)
14 2 (0.96%) PL/SQL
14 2 (0.96%) VB
15 1 (0.48%) Go
15 1 (0.48%) R
15 1 (0.48%) Scala
Qualifications
1 12 (5.74%) Degree
2 5 (2.39%) PhD
3 3 (1.44%) CISA
3 3 (1.44%) CISSP
3 3 (1.44%) Computer Science Degree
3 3 (1.44%) CSSLP
3 3 (1.44%) PRINCE2 Certification
4 2 (0.96%) PMI Certification
4 2 (0.96%) Security Cleared
5 1 (0.48%) CCIE
5 1 (0.48%) CCNP
5 1 (0.48%) Cisco Certification
5 1 (0.48%) PMP
5 1 (0.48%) SC Cleared
5 1 (0.48%) TOGAF Certification
Quality Assurance & Compliance
1 19 (9.09%) QA
2 7 (3.35%) GDPR
3 4 (1.91%) Section 508
3 4 (1.91%) WAI
4 2 (0.96%) IFRS
4 2 (0.96%) IFRS 9
4 2 (0.96%) ISO/IEC 27001
4 2 (0.96%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
4 2 (0.96%) SLA
5 1 (0.48%) NIST
5 1 (0.48%) SEPA
5 1 (0.48%) TARGET2
System Software
1 14 (6.70%) Active Directory
2 6 (2.87%) Docker
2 6 (2.87%) Hyper-V
3 4 (1.91%) VMware Infrastructure
4 3 (1.44%) vSphere
5 1 (0.48%) KVM
5 1 (0.48%) Oracle RAC
5 1 (0.48%) ProxySG
5 1 (0.48%) Veritas File System
5 1 (0.48%) Virtual Machines
5 1 (0.48%) VMware NSX
5 1 (0.48%) Xen
Systems Management
1 11 (5.26%) Kubernetes
2 8 (3.83%) FortiGate
3 5 (2.39%) Ansible
3 5 (2.39%) Foglight
3 5 (2.39%) Terraform
4 4 (1.91%) Single Sign-On
5 3 (1.44%) PowerCLI
5 3 (1.44%) SCCM
5 3 (1.44%) Tivoli
5 3 (1.44%) vCenter Server
6 2 (0.96%) Control-M
6 2 (0.96%) HP ALM
6 2 (0.96%) Netcool
6 2 (0.96%) Netcool/OMNIbus
6 2 (0.96%) Netcool/Webtop
6 2 (0.96%) Opscode Chef
6 2 (0.96%) WhatsUp Gold
7 1 (0.48%) HP Fortify
7 1 (0.48%) Microsoft Intune
7 1 (0.48%) Puppet
Vendors
1 24 (11.48%) Microsoft
2 21 (10.05%) Cisco
3 12 (5.74%) F5
3 12 (5.74%) Oracle
4 10 (4.78%) Symantec
5 9 (4.31%) Blue Coat
5 9 (4.31%) Fortinet
5 9 (4.31%) HP
5 9 (4.31%) Juniper
6 8 (3.83%) Palo Alto
7 7 (3.35%) CheckPoint
7 7 (3.35%) McAfee
7 7 (3.35%) VMware
8 6 (2.87%) Murex
8 6 (2.87%) SAP
8 6 (2.87%) Splunk
9 5 (2.39%) ArcSight
9 5 (2.39%) CyberArk
9 5 (2.39%) Salesforce.com
10 4 (1.91%) Mitel