Period
to 21 September 2021

The table below looks at the prevalence of the term Investment Banking in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Investment Banking over the 6 months to 21 September 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.

Investment Banking
UK
6 months to
21 Sep 2021
Same period 2020 Same period 2019
Rank 140 98 196
Rank change year-on-year -42 +98 -3
Contract jobs citing Investment Banking 1,515 735 1,271
As % of all contract jobs advertised in the UK 1.90% 2.50% 1.44%
As % of the General category 3.56% 4.69% 2.79%
Number of daily rates quoted 1,134 565 924
10th Percentile £500 £450 £350
25th Percentile £558 £538 £440
Median daily rate (50th Percentile) £650 £625 £550
Median % change year-on-year +4.00% +13.64% -8.33%
75th Percentile £750 £747 £650
90th Percentile £800 £800 £729
UK excluding London median daily rate £523 £315 £450
% change year-on-year +65.87% -30.00% +12.50%
Number of hourly rates quoted 10 0 10
10th Percentile £15.56 " £15.00
25th Percentile £17.53 " £16.31
Median hourly rate £42.00 - £37.50
75th Percentile £43.00 " £45.19
90th Percentile £65.00 " £48.70
UK excluding London median hourly rate £42.00 - £40.50

Investment 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 42,524 15,669 45,628
As % of all contract IT jobs advertised in the UK 53.26% 53.24% 51.86%
Number of daily rates quoted 28,578 10,564 29,545
10th Percentile £306 £263 £263
25th Percentile £413 £375 £370
Median daily rate (50th Percentile) £510 £475 £475
Median % change year-on-year +7.37% - +4.63%
75th Percentile £623 £594 £575
90th Percentile £713 £700 £663
UK excluding London median daily rate £450 £425 £425
% change year-on-year +5.88% - -
Number of hourly rates quoted 1,383 552 1,481
10th Percentile £12.00 £11.64 £11.00
25th Percentile £13.25 £15.00 £14.00
Median hourly rate £19.00 £21.89 £19.00
Median % change year-on-year -13.18% +15.18% +6.89%
75th Percentile £41.75 £42.75 £40.00
90th Percentile £59.07 £51.00 £50.00
UK excluding London median hourly rate £17.50 £20.00 £17.50
% change year-on-year -12.50% +14.29% +0.75%

Investment Banking
Job Vacancy Trend

Job postings citing Investment Banking as a proportion of all IT jobs advertised.

Job vacancy trend for Investment Banking in the UK

Investment Banking
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Investment Banking.

Daily rate trend for Investment Banking in the UK

Investment Banking
Daily Rate Histogram

Daily rate distribution for jobs citing Investment Banking over the 6 months to 21 September 2021.

Daily rate histogram for Investment Banking in the UK

Investment Banking
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Investment Banking.

Hourly rate trend for Investment Banking in the UK

Investment Banking
Hourly Rate Histogram

Hourly rate distribution of jobs citing Investment Banking over the 6 months to 21 September 2021.

Hourly rate histogram for Investment Banking in the UK

Investment Banking
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 Investment Banking within the UK over the 6 months to 21 September 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 -34 1,405 £660 +5.60% 132
London -13 1,362 £670 +7.20% 117
Work from Home -138 156 £644 +19.77% 14
UK excluding London -75 104 £523 +65.87% 22
Scotland -31 66 £493 +33.24% 2
North West - 16 £625 - 7
North of England - 16 £625 - 9
Northern Ireland -7 10 £510 +129.21% 5
Midlands -77 5 £520 +9.47% 3
East Midlands -36 3 £520 -5.45% 1
East of England -44 3 £700 +166.67%
South East -93 3 £700 +40.00% 2
West Midlands -70 2 - - 2
South West -39 1 - -

For the 6 months to 21 September 2021, IT contractor jobs citing Investment 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 Investment Banking.

1 1,515 (100.00%) Banking
2 649 (42.84%) Finance
3 620 (40.92%) Java
4 574 (37.89%) Agile Software Development
5 455 (30.03%) SQL
6 452 (29.83%) Front Office
7 346 (22.84%) Social Skills
8 267 (17.62%) Python
9 256 (16.90%) C#
10 251 (16.57%) Foreign Exchange (FX)
11 231 (15.25%) Multithreading
12 230 (15.18%) Spring
13 225 (14.85%) Oracle
14 215 (14.19%) Derivative
15 212 (13.99%) Fixed Income
16 205 (13.53%) .NET
17 204 (13.47%) Linux
18 196 (12.94%) Git (software)
19 176 (11.62%) Azure
19 176 (11.62%) Electronic Trading
20 173 (11.42%) DevOps
21 161 (10.63%) Scrum
22 160 (10.56%) Relational Database
23 159 (10.50%) Microsoft
24 158 (10.43%) AngularJS
25 150 (9.90%) TDD
26 146 (9.64%) C++
27 145 (9.57%) JavaScript
28 129 (8.51%) SDLC
29 127 (8.38%) Analytics

Investment 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 65 (4.29%) Mule
2 60 (3.96%) Apache Spark
3 33 (2.18%) Confluence
4 25 (1.65%) Red Hat Fuse
5 21 (1.39%) Oracle Coherence
6 20 (1.32%) JBoss
7 18 (1.19%) Apache
8 17 (1.12%) Oracle SOA Suite
9 15 (0.99%) Tomcat
10 12 (0.79%) WebSphere
11 10 (0.66%) WebLogic
12 7 (0.46%) SharePoint
13 5 (0.33%) DataSynapse
13 5 (0.33%) IIS
13 5 (0.33%) SAS
14 4 (0.26%) Elasticsearch
15 3 (0.20%) MS Exchange
16 2 (0.13%) Exchange Server 2013
16 2 (0.13%) MQSeries
16 2 (0.13%) nginx
Applications
1 44 (2.90%) Microsoft Excel
2 29 (1.91%) Microsoft Office
3 21 (1.39%) Microsoft PowerPoint
4 19 (1.25%) Microsoft Project
5 12 (0.79%) Adobe Illustrator
5 12 (0.79%) Photoshop
6 7 (0.46%) MS Visio
7 5 (0.33%) Sketch
8 3 (0.20%) InVision
9 2 (0.13%) Figma
10 1 (0.066%) Adobe Creative Suite
10 1 (0.066%) Chatbot
10 1 (0.066%) Mingle
10 1 (0.066%) Spreadsheet
Business Applications
1 33 (2.18%) SunGard Martini
2 17 (1.12%) ION MarketView
3 8 (0.53%) Markit EDM
4 5 (0.33%) Loan IQ
4 5 (0.33%) Oracle Subledger Accounting
5 4 (0.26%) Oracle Assets
5 4 (0.26%) Oracle EBS
5 4 (0.26%) Oracle E-Business Tax
5 4 (0.26%) Oracle FAH
5 4 (0.26%) Oracle Financials
5 4 (0.26%) Oracle General Ledger
5 4 (0.26%) Oracle Internet Expenses
5 4 (0.26%) Oracle iProcurement
5 4 (0.26%) Oracle Payables
5 4 (0.26%) Oracle Receivables
5 4 (0.26%) Temenos T24
6 3 (0.20%) Adaptiv
6 3 (0.20%) Summit
7 2 (0.13%) Sentinel
8 1 (0.066%) FLEXCUBE
Cloud Services
1 176 (11.62%) Azure
2 100 (6.60%) AWS
3 31 (2.05%) GCP
4 25 (1.65%) Azure Synapse Analytics
5 21 (1.39%) GitHub
5 21 (1.39%) OpenShift
6 12 (0.79%) Azure Data Factory
6 12 (0.79%) Power Platform
7 11 (0.73%) Cloud Computing
7 11 (0.73%) npm
8 8 (0.53%) Azure Active Directory
9 7 (0.46%) Azure Service Bus
9 7 (0.46%) NuGet
9 7 (0.46%) Yarn
10 6 (0.40%) AWS CloudFormation
11 5 (0.33%) IaaS
11 5 (0.33%) PaaS
11 5 (0.33%) SaaS
12 4 (0.26%) Collibra
12 4 (0.26%) Microsoft 365
Communications & Networking
1 49 (3.23%) TCP/IP
2 30 (1.98%) SSL
3 19 (1.25%) Firewall
4 18 (1.19%) HTTP
5 10 (0.66%) Kerberos
6 9 (0.59%) Multicast
7 5 (0.33%) FTP
7 5 (0.33%) Network Security
8 4 (0.26%) NAS
9 2 (0.13%) Cisco Nexus
10 1 (0.066%) Internet
10 1 (0.066%) tcpdump
10 1 (0.066%) VoIP
10 1 (0.066%) VPN
10 1 (0.066%) Wireless
10 1 (0.066%) Wireshark
Database & Business Intelligence
1 160 (10.56%) Relational Database
2 100 (6.60%) SQL Server
3 78 (5.15%) Big Data
4 65 (4.29%) Oracle Database
5 58 (3.83%) Data Warehouse
6 52 (3.43%) Oracle Database 12c
7 46 (3.04%) MongoDB
8 45 (2.97%) Hazelcast
9 40 (2.64%) NoSQL
10 37 (2.44%) RDBMS
11 31 (2.05%) Redis
12 30 (1.98%) MySQL
13 25 (1.65%) Apache Cassandra
13 25 (1.65%) Hadoop
14 19 (1.25%) Apache Hive
14 19 (1.25%) Oracle Database 11g
15 17 (1.12%) HBase
16 15 (0.99%) Microsoft Analysis Services
17 14 (0.92%) Apache Ignite
18 13 (0.86%) Tableau
Development Applications
1 196 (12.94%) Git (software)
2 125 (8.25%) JIRA
3 104 (6.86%) Jenkins
4 74 (4.88%) Visual Studio
5 73 (4.82%) TeamCity
6 70 (4.62%) Subversion
7 60 (3.96%) Maven
8 46 (3.04%) Bitbucket
9 38 (2.51%) Artifactory
10 34 (2.24%) CppUnit
10 34 (2.24%) Oracle APEX
11 30 (1.98%) GitLab
11 30 (1.98%) JUnit
12 28 (1.85%) Cucumber
13 25 (1.65%) Robot Framework
14 19 (1.25%) jMock
15 18 (1.19%) Hudson
15 18 (1.19%) Selenium
16 16 (1.06%) Gradle
17 14 (0.92%) Axure RP
General
1 1,515 (100.00%) Banking
2 649 (42.84%) Finance
3 452 (29.83%) Front Office
4 346 (22.84%) Social Skills
5 125 (8.25%) Analytical Skills
6 59 (3.89%) Retail Banking
7 49 (3.23%) Retail
8 41 (2.71%) Corporate Banking
9 35 (2.31%) Back Office
10 34 (2.24%) Financial Institution
11 32 (2.11%) Organisational Skills
12 26 (1.72%) Legal
13 22 (1.45%) Documentation Skills
13 22 (1.45%) Presentation Skills
14 14 (0.92%) Inclusion and Diversity
15 9 (0.59%) Influencing Skills
15 9 (0.59%) Private Banking
16 7 (0.46%) Advertising
17 5 (0.33%) Prime Brokerage
18 4 (0.26%) Public Speaking
Job Titles
1 794 (52.41%) Developer
2 402 (26.53%) Java Developer
3 217 (14.32%) Analyst
4 138 (9.11%) Business Analyst
5 126 (8.32%) Senior Developer
6 122 (8.05%) C# Developer
7 108 (7.13%) Investment Banking Java Developer
8 98 (6.47%) Front Office Developer
9 97 (6.40%) Senior Java Developer
10 85 (5.61%) Banking Analyst
11 74 (4.88%) Consultant
12 73 (4.82%) C++ Developer
13 69 (4.55%) Architect
14 64 (4.22%) Integration Developer
14 64 (4.22%) Project Manager
15 63 (4.16%) Investment Banking Business Analyst
16 57 (3.76%) C# Developer - Investment Banking
16 57 (3.76%) Senior Consultant
17 56 (3.70%) Java Consultant
18 51 (3.37%) Python Developer
Libraries, Frameworks & Software Standards
1 230 (15.18%) Spring
2 205 (13.53%) .NET
3 158 (10.43%) AngularJS
4 120 (7.92%) Middleware
5 116 (7.66%) HTML
6 106 (7.00%) REST
7 92 (6.07%) Spring Boot
8 85 (5.61%) RESTful
9 83 (5.48%) Kafka
10 80 (5.28%) Hibernate
10 80 (5.28%) React
11 70 (4.62%) Apache Camel
12 66 (4.36%) HTML5
13 65 (4.29%) XML
14 64 (4.22%) Web Services
15 59 (3.89%) .NET Framework
16 58 (3.83%) JTA
16 58 (3.83%) JTS
17 55 (3.63%) Spring Integration
18 54 (3.56%) .NET Core
Miscellaneous
1 251 (16.57%) Foreign Exchange (FX)
2 215 (14.19%) Derivative
3 212 (13.99%) Fixed Income
4 107 (7.06%) Equities
5 86 (5.68%) Data Structures
6 69 (4.55%) Market Risk
7 65 (4.29%) Algorithms
7 65 (4.29%) User Experience
8 49 (3.23%) Virtual Team
9 43 (2.84%) Credit Risk
10 39 (2.57%) Greenfield Project
11 35 (2.31%) Management Information System
12 29 (1.91%) Interest Rate Derivative
13 26 (1.72%) Credit Derivative
14 23 (1.52%) Enterprise Software
14 23 (1.52%) Equity Derivative
15 20 (1.32%) Hedge funds
16 18 (1.19%) Legacy Applications
16 18 (1.19%) Public Cloud
17 16 (1.06%) Data Protection Act
Operating Systems
1 204 (13.47%) Linux
2 126 (8.32%) Unix
2 126 (8.32%) Windows
3 13 (0.86%) Apple iOS
4 10 (0.66%) Android
5 9 (0.59%) Windows 10
6 8 (0.53%) Windows Server
7 7 (0.46%) Mac OS
8 5 (0.33%) Windows Server 2016
8 5 (0.33%) Windows Server 2019
9 4 (0.26%) Red Hat Enterprise Linux
9 4 (0.26%) Windows Server 2012
9 4 (0.26%) Windows XP
10 2 (0.13%) Windows 7
10 2 (0.13%) Windows Server 2008
11 1 (0.066%) AIX
11 1 (0.066%) Mac OS X
11 1 (0.066%) Solaris
Processes & Methodologies
1 574 (37.89%) Agile Software Development
2 231 (15.25%) Multithreading
3 176 (11.62%) Electronic Trading
4 173 (11.42%) DevOps
5 161 (10.63%) Scrum
6 150 (9.90%) TDD
7 129 (8.51%) SDLC
8 127 (8.38%) Analytics
9 122 (8.05%) Low Latency
10 119 (7.85%) Software Engineering
11 110 (7.26%) Continuous Integration
12 109 (7.19%) Performance Tuning
13 105 (6.93%) Microservices
14 102 (6.73%) Multithreaded Programming
15 97 (6.40%) Unit Testing
16 95 (6.27%) Full Stack Development
17 93 (6.14%) Problem-Solving
17 93 (6.14%) Test Automation
18 85 (5.61%) Business Analysis
19 83 (5.48%) Risk Management
Programming Languages
1 620 (40.92%) Java
2 455 (30.03%) SQL
3 267 (17.62%) Python
4 256 (16.90%) C#
5 146 (9.64%) C++
6 145 (9.57%) JavaScript
7 103 (6.80%) Java 8
8 91 (6.01%) TypeScript
9 84 (5.54%) Scala
10 63 (4.16%) PL/SQL
11 31 (2.05%) Haskell
12 28 (1.85%) Perl
12 28 (1.85%) Shell Script
13 26 (1.72%) C
14 24 (1.58%) Java 9
15 21 (1.39%) VBA
16 16 (1.06%) PowerShell
17 15 (0.99%) Bash Shell
18 14 (0.92%) Kotlin
19 12 (0.79%) PHP
Qualifications
1 94 (6.20%) Degree
2 19 (1.25%) Computer Science Degree
3 13 (0.86%) CIMA
3 13 (0.86%) CISM
3 13 (0.86%) CISSP
4 11 (0.73%) CISA
5 9 (0.59%) PMP
6 8 (0.53%) CRISC
6 8 (0.53%) PhD
7 7 (0.46%) CGEIT
7 7 (0.46%) Microsoft Certification
8 6 (0.40%) ITIL Certification
8 6 (0.40%) Numerate Degree
9 5 (0.33%) PMI Certification
10 4 (0.26%) CFA
10 4 (0.26%) FFIEC
11 3 (0.20%) ACCA
11 3 (0.20%) ISEB
11 3 (0.20%) MBA
11 3 (0.20%) SC Cleared
Quality Assurance & Compliance
1 44 (2.90%) QA
2 37 (2.44%) PMO
3 27 (1.78%) Data Quality
4 22 (1.45%) MiFID
5 18 (1.19%) IFRS
6 15 (0.99%) GAAP
7 8 (0.53%) FATCA
8 7 (0.46%) ISO/IEC 27005
8 7 (0.46%) SLA
9 6 (0.40%) COBIT
9 6 (0.40%) EMIR
9 6 (0.40%) ISO/IEC 27001
10 5 (0.33%) Dodd-Frank
10 5 (0.33%) NIST
11 4 (0.26%) FINREP
11 4 (0.26%) NIST 800
12 3 (0.20%) Accessibility
12 3 (0.20%) Basel III
12 3 (0.20%) COREP
12 3 (0.20%) ITGC
System Software
1 106 (7.00%) Docker
2 30 (1.98%) Active Directory
3 10 (0.66%) HDFS
3 10 (0.66%) Platform Symphony
4 3 (0.20%) Virtual Desktop
5 2 (0.13%) EMC RecoverPoint
5 2 (0.13%) Oracle Clusterware
5 2 (0.13%) Oracle RAC
5 2 (0.13%) vSphere
6 1 (0.066%) Active Directory Lightweight Directory Services
6 1 (0.066%) Virtual Machines
6 1 (0.066%) VMware Infrastructure
Systems Management
1 99 (6.53%) Kubernetes
2 42 (2.77%) Ansible
3 33 (2.18%) Terraform
4 25 (1.65%) BladeLogic
5 18 (1.19%) Puppet
6 15 (0.99%) ITRS Geneos
7 9 (0.59%) Opscode Chef
8 8 (0.53%) CA Single Sign-On
9 7 (0.46%) Control-M
9 7 (0.46%) HP Fortify
10 5 (0.33%) CSIRT
10 5 (0.33%) Kibana
11 4 (0.26%) Netcool
12 3 (0.20%) Data Guard
12 3 (0.20%) Docker Swarm
12 3 (0.20%) Mesos
12 3 (0.20%) MIIS
12 3 (0.20%) Oracle RMAN
12 3 (0.20%) SCCM
12 3 (0.20%) SCOM
Vendors
1 225 (14.85%) Oracle
2 159 (10.50%) Microsoft
3 62 (4.09%) ION Trading
4 38 (2.51%) TIBCO
5 37 (2.44%) FIS
6 34 (2.24%) SunGard
7 32 (2.11%) Databricks
7 32 (2.11%) IBM
7 32 (2.11%) Sybase
8 29 (1.91%) Citrix
9 22 (1.45%) Bloomberg
10 21 (1.39%) Murex
11 19 (1.25%) CA
11 19 (1.25%) Google
12 18 (1.19%) Atlassian
12 18 (1.19%) SAP
13 17 (1.12%) Salesforce.com
14 14 (0.92%) Adobe
14 14 (0.92%) BiZZdesign
14 14 (0.92%) Hortonworks