Period
to 2 March 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 2 March 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
2 Mar 2021
Same period 2020 Same period 2019
Rank 149 243 202
Rank change year-on-year +94 -41 -71
Contract jobs citing Investment Banking 828 708 1,393
As % of all contract jobs advertised in the UK 1.72% 1.06% 1.42%
As % of the General category 4.27% 2.86% 3.55%
Number of daily rates quoted 641 491 1,071
Median daily rate £625 £600 £575
Median daily rate % change year-on-year +4.17% +4.35% -
10th Percentile £450 £406 £363
90th Percentile £750 £725 £756
UK excluding London median daily rate £415 £500 £425
% change year-on-year -17.00% +17.65% -3.41%
Number of hourly rates quoted 1 8 8
Median hourly rate £22.50 £44.00 £15.00
Median hourly rate % change year-on-year -48.86% +193.33% -
10th Percentile £22.25 £19.01 £13.50
90th Percentile £22.75 £46.00 £20.63
UK excluding London median hourly rate - £44.00 £15.00
% change year-on-year - +193.33% -10.07%

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 19,393 24,754 39,227
As % of all contract IT jobs advertised in the UK 40.34% 37.21% 40.01%
Number of daily rates quoted 13,051 16,302 26,254
Median daily rate £495 £475 £477
Median daily rate % change year-on-year +4.21% -0.42% +1.49%
10th Percentile £300 £269 £300
90th Percentile £700 £675 £675
UK excluding London median daily rate £425 £435 £430
% change year-on-year -2.30% +1.16% +4.24%
Number of hourly rates quoted 701 758 1,016
Median hourly rate £25.00 £20.25 £20.00
Median hourly rate % change year-on-year +23.49% +1.23% -4.76%
10th Percentile £12.50 £12.44 £11.65
90th Percentile £56.25 £50.90 £48.75
Median hourly rate £22.50 £20.00 £20.00
% change year-on-year +12.50% - -4.76%

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 2 March 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
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 Investment Banking within the UK over the 6 months to 2 March 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 +109 793 £625 +4.17% 81
London +61 786 £625 +2.04% 77
Work from Home -174 70 £573 -17.03% 5
UK excluding London +88 30 £415 -17.00% 7
Scotland +7 19 £458 -20.33% 3
Northern Ireland +11 8 £393 -7.65%
Midlands +43 2 £301 -
West Midlands +35 2 £301 -
South East +89 1 £488 -11.36%

For the 6 months to 2 March 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.

1 828 (100.00%) Banking
2 391 (47.22%) Java
3 348 (42.03%) Front Office
4 324 (39.13%) Finance
5 277 (33.45%) Agile Software Development
6 193 (23.31%) SQL
7 182 (21.98%) Foreign Exchange (FX)
8 175 (21.14%) C#
9 152 (18.36%) Low Latency
10 144 (17.39%) Fixed Income
11 142 (17.15%) Python
12 140 (16.91%) Multithreading
13 134 (16.18%) C++
14 123 (14.86%) Electronic Trading
15 114 (13.77%) Derivative
16 113 (13.65%) Linux
17 110 (13.29%) .NET
18 104 (12.56%) Spring
19 98 (11.84%) TDD
19 98 (11.84%) Scrum
20 90 (10.87%) DevOps
21 87 (10.51%) Equities
21 87 (10.51%) Oracle
22 86 (10.39%) JavaScript
23 85 (10.27%) Git (software)
24 83 (10.02%) Scala
25 80 (9.66%) SQL Server
26 79 (9.54%) Analytics
27 78 (9.42%) Analytical Skills
27 78 (9.42%) Web Services

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 48 (5.80%) Apache Spark
2 38 (4.59%) Red Hat Fuse
3 37 (4.47%) Mule
4 21 (2.54%) Confluence
5 15 (1.81%) JBoss
6 12 (1.45%) Apache
7 9 (1.09%) Oracle Coherence
8 7 (0.85%) Elasticsearch
8 7 (0.85%) SharePoint
9 6 (0.72%) IIS
10 3 (0.36%) Apache Pig
11 2 (0.24%) SAS
11 2 (0.24%) SharePoint 2010
12 1 (0.12%) Apache Airflow
12 1 (0.12%) DataSynapse
12 1 (0.12%) IBM HTTP Server
12 1 (0.12%) Jupyter
12 1 (0.12%) MTS
12 1 (0.12%) Tomcat
12 1 (0.12%) WebSphere
Applications
1 21 (2.54%) Microsoft Excel
2 14 (1.69%) Microsoft Office
3 9 (1.09%) Microsoft PowerPoint
4 4 (0.48%) Chatbot
4 4 (0.48%) Microsoft Project
4 4 (0.48%) MS Visio
4 4 (0.48%) Spreadsheet
Business Applications
1 9 (1.09%) ION MarketView
2 6 (0.72%) SunGard Martini
3 4 (0.48%) HiPortfolio
4 3 (0.36%) Distributed Ledger
5 2 (0.24%) Temenos T24
6 1 (0.12%) Bloomberg AIM
6 1 (0.12%) BusinessWorks
6 1 (0.12%) Endur
6 1 (0.12%) Global One
6 1 (0.12%) Loan IQ
6 1 (0.12%) Markit EDM
6 1 (0.12%) MultiFonds
6 1 (0.12%) PolarLake
6 1 (0.12%) Refinitiv Enterprise Platform
6 1 (0.12%) Sentinel
6 1 (0.12%) SimCorp Dimension
6 1 (0.12%) Temenos Globus
Cloud Services
1 50 (6.04%) AWS
2 47 (5.68%) Azure
3 30 (3.62%) GCP
4 13 (1.57%) NuGet
5 12 (1.45%) GitHub
5 12 (1.45%) OpenShift
6 8 (0.97%) Cloud Computing
6 8 (0.97%) npm
6 8 (0.97%) Yarn
7 7 (0.85%) Serverless
8 6 (0.72%) AWS Lambda
8 6 (0.72%) Microsoft 365
9 4 (0.48%) Amazon EC2
9 4 (0.48%) Amazon S3
9 4 (0.48%) IaaS
9 4 (0.48%) SaaS
10 3 (0.36%) Azure Data Factory
10 3 (0.36%) Power Platform
11 2 (0.24%) Boomi
11 2 (0.24%) Slack
Communications & Networking
1 21 (2.54%) Multicast
2 16 (1.93%) Firewall
3 12 (1.45%) FIX Connectivity
4 11 (1.33%) Wireshark
5 7 (0.85%) TCP/IP
6 6 (0.72%) HTTP
6 6 (0.72%) tcpdump
7 5 (0.60%) SSL
8 4 (0.48%) Kerberos
9 3 (0.36%) HTTPS
9 3 (0.36%) Internet
9 3 (0.36%) LAN
9 3 (0.36%) VPN
9 3 (0.36%) WAN
10 2 (0.24%) Cisco Nexus
10 2 (0.24%) OSPF
10 2 (0.24%) VLAN
11 1 (0.12%) AMQP
11 1 (0.12%) NetScaler
11 1 (0.12%) Reverse Proxy
Database & Business Intelligence
1 80 (9.66%) SQL Server
2 43 (5.19%) NoSQL
3 41 (4.95%) Hadoop
3 41 (4.95%) Relational Database
4 35 (4.23%) MongoDB
5 33 (3.99%) Big Data
6 30 (3.62%) Data Warehouse
7 27 (3.26%) Apache Cassandra
8 23 (2.78%) Oracle Database
9 18 (2.17%) Oracle Database 12c
10 16 (1.93%) MySQL
11 14 (1.69%) RDBMS
12 13 (1.57%) Oracle Database 11g
13 12 (1.45%) SQL Server Integration Services
14 10 (1.21%) HBase
14 10 (1.21%) Tableau
15 9 (1.09%) Flink
15 9 (1.09%) SQL Server Analysis Services
16 8 (0.97%) Apache Hive
16 8 (0.97%) Hazelcast
Development Applications
1 85 (10.27%) Git (software)
2 55 (6.64%) JIRA
3 34 (4.11%) Subversion
4 32 (3.86%) Maven
5 30 (3.62%) Visual Studio
6 29 (3.50%) Bitbucket
7 24 (2.90%) Cucumber
8 23 (2.78%) JUnit
9 22 (2.66%) Jenkins
10 21 (2.54%) TeamCity
11 15 (1.81%) Artifactory
11 15 (1.81%) Atlassian Bamboo
11 15 (1.81%) jMock
12 12 (1.45%) FishEye
12 12 (1.45%) Hudson
13 11 (1.33%) GCC
13 11 (1.33%) GDB
14 10 (1.21%) Selenium
15 9 (1.09%) webpack
16 6 (0.72%) CppUnit
General
1 828 (100.00%) Banking
2 348 (42.03%) Front Office
3 324 (39.13%) Finance
4 23 (2.78%) Retail
5 22 (2.66%) Back Office
6 21 (2.54%) Retail Banking
7 16 (1.93%) Corporate Banking
8 12 (1.45%) Legal
9 8 (0.97%) Financial Institution
9 8 (0.97%) Marketing
10 7 (0.85%) French Language
11 6 (0.72%) International Banking
11 6 (0.72%) Law
12 5 (0.60%) Private Banking
13 4 (0.48%) Prime Brokerage
14 3 (0.36%) Aerospace
14 3 (0.36%) Public Sector
14 3 (0.36%) Publishing
15 1 (0.12%) Advertising
15 1 (0.12%) Telecoms
Job Titles
1 535 (64.61%) Developer
2 260 (31.40%) Java Developer
3 130 (15.70%) Senior Developer
4 107 (12.92%) Analyst
5 88 (10.63%) Front Office Developer
6 82 (9.90%) Senior Java Developer
7 78 (9.42%) C# Developer
8 72 (8.70%) Investment Banking Java Developer
9 70 (8.45%) Business Analyst
10 57 (6.88%) C++ Developer
11 47 (5.68%) Electronic Trading Developer
12 46 (5.56%) Electronic Trading Java Developer
13 39 (4.71%) SQL Developer
14 36 (4.35%) Investment Banking C++ Developer
15 35 (4.23%) JavaScript Developer
16 32 (3.86%) C# Developer - Investment Banking
17 31 (3.74%) Quantitative Developer
18 28 (3.38%) Project Manager
19 27 (3.26%) .NET Developer
19 27 (3.26%) Scala Developer
Libraries, Frameworks & Software Standards
1 110 (13.29%) .NET
2 104 (12.56%) Spring
3 78 (9.42%) Web Services
4 68 (8.21%) AngularJS
5 66 (7.97%) Kafka
6 65 (7.85%) REST
7 59 (7.13%) Middleware
8 50 (6.04%) HTML
9 48 (5.80%) React
10 45 (5.43%) FIX Protocol
11 44 (5.31%) HTML5
12 39 (4.71%) Apache Camel
13 34 (4.11%) Spring Integration
14 33 (3.99%) Hibernate
15 32 (3.86%) CSS
16 29 (3.50%) .NET Core
17 28 (3.38%) XML
18 26 (3.14%) Node.js
19 24 (2.90%) Spring Boot
20 23 (2.78%) .NET Framework
Miscellaneous
1 182 (21.98%) Foreign Exchange (FX)
2 144 (17.39%) Fixed Income
3 114 (13.77%) Derivative
4 87 (10.51%) Equities
5 78 (9.42%) Analytical Skills
6 44 (5.31%) Data Structures
7 40 (4.83%) Hedge funds
8 31 (3.74%) Greenfield Project
9 30 (3.62%) Credit Risk
10 22 (2.66%) Grid Computing
10 22 (2.66%) User Experience
11 21 (2.54%) Virtual Team
12 20 (2.42%) Algorithms
12 20 (2.42%) Market Risk
13 17 (2.05%) Blog
14 15 (1.81%) Credit Derivative
15 12 (1.45%) Self-Motivation
16 9 (1.09%) Management Information System
17 8 (0.97%) Reference Data
18 7 (0.85%) Mobile Banking
Operating Systems
1 113 (13.65%) Linux
2 70 (8.45%) Unix
3 68 (8.21%) Windows
4 6 (0.72%) Windows Server
5 5 (0.60%) Windows XP
6 4 (0.48%) Windows 10
7 3 (0.36%) Red Hat Enterprise Linux
7 3 (0.36%) Solaris
7 3 (0.36%) Windows Server 2008
7 3 (0.36%) Windows Server 2012
7 3 (0.36%) Windows Server 2016
7 3 (0.36%) Windows Server 2019
8 2 (0.24%) Apple iOS
8 2 (0.24%) Mac OS
9 1 (0.12%) Windows 7
Processes & Methodologies
1 277 (33.45%) Agile Software Development
2 152 (18.36%) Low Latency
3 140 (16.91%) Multithreading
4 123 (14.86%) Electronic Trading
5 98 (11.84%) Scrum
5 98 (11.84%) TDD
6 90 (10.87%) DevOps
7 79 (9.54%) Analytics
8 73 (8.82%) Test Automation
9 69 (8.33%) Problem-Solving
9 69 (8.33%) Risk Management
10 62 (7.49%) Software Engineering
11 61 (7.37%) BDD
11 61 (7.37%) Microservices
12 58 (7.00%) SDLC
13 57 (6.88%) Computer Science
14 55 (6.64%) Mathematics
15 54 (6.52%) Unit Testing
16 48 (5.80%) Algorithmic Trading
17 46 (5.56%) Performance Tuning
Programming Languages
1 391 (47.22%) Java
2 193 (23.31%) SQL
3 175 (21.14%) C#
4 142 (17.15%) Python
5 134 (16.18%) C++
6 86 (10.39%) JavaScript
7 83 (10.02%) Scala
8 29 (3.50%) PL/SQL
9 24 (2.90%) Java 8
9 24 (2.90%) TypeScript
10 21 (2.54%) C
11 15 (1.81%) Kotlin
12 12 (1.45%) T-SQL
13 11 (1.33%) VBA
14 10 (1.21%) Perl
15 8 (0.97%) Java 9
15 8 (0.97%) PowerShell
16 7 (0.85%) VB
17 5 (0.60%) Groovy
17 5 (0.60%) Haskell
Qualifications
1 65 (7.85%) Degree
2 27 (3.26%) Numerate Degree
3 16 (1.93%) Computer Science Degree
4 8 (0.97%) PhD
5 4 (0.48%) Cisco Certification
5 4 (0.48%) ITIL Certification
5 4 (0.48%) SC Cleared
5 4 (0.48%) Security Cleared
6 3 (0.36%) CISSP
6 3 (0.36%) Microsoft Certification
7 2 (0.24%) (ISC)2 CCSP
7 2 (0.24%) CCIE
7 2 (0.24%) CCIE Data Center
7 2 (0.24%) CCNP
7 2 (0.24%) CCSP
7 2 (0.24%) CISM
7 2 (0.24%) GCFA
7 2 (0.24%) GCIA
7 2 (0.24%) GCIH
7 2 (0.24%) ISTQB
Quality Assurance & Compliance
1 17 (2.05%) QA
2 9 (1.09%) COREP
3 8 (0.97%) Data Quality
4 7 (0.85%) MiFID
5 5 (0.60%) Dodd-Frank
5 5 (0.60%) ISO 20022
5 5 (0.60%) NIST
6 4 (0.48%) PMO
7 3 (0.36%) Basel III
7 3 (0.36%) EMIR
7 3 (0.36%) GDPR
7 3 (0.36%) PSD2
7 3 (0.36%) TARGET2
8 2 (0.24%) COBIT
8 2 (0.24%) ISO/IEC 27001
8 2 (0.24%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
8 2 (0.24%) Sarbanes-Oxley
9 1 (0.12%) ISO 15022
9 1 (0.12%) ISO/IEC 20000
9 1 (0.12%) SLA
System Software
1 38 (4.59%) Docker
2 10 (1.21%) Active Directory
3 8 (0.97%) GridGain
4 6 (0.72%) HDFS
5 3 (0.36%) Apache Flume
5 3 (0.36%) Platform Symphony
5 3 (0.36%) VMware ESXi
5 3 (0.36%) VMware Infrastructure
6 1 (0.12%) Microsoft App-V
6 1 (0.12%) Virtual Desktop
6 1 (0.12%) XenApp
6 1 (0.12%) XenDesktop
Systems Management
1 38 (4.59%) Kubernetes
2 27 (3.26%) Ansible
3 13 (1.57%) ITRS Geneos
4 9 (1.09%) Terraform
5 6 (0.72%) Puppet
6 5 (0.60%) BladeLogic
7 3 (0.36%) Control-M
8 2 (0.24%) CSIRT
8 2 (0.24%) SCCM
9 1 (0.12%) Kibana
9 1 (0.12%) Microsoft Clustering
9 1 (0.12%) Single Sign-On
Vendors
1 87 (10.51%) Oracle
2 30 (3.62%) Atlassian
3 28 (3.38%) Sybase
4 26 (3.14%) ION Trading
5 21 (2.54%) Microsoft
6 20 (2.42%) Murex
6 20 (2.42%) TIBCO
7 17 (2.05%) IBM
8 13 (1.57%) Citrix
9 12 (1.45%) Splunk
10 9 (1.09%) Cisco
10 9 (1.09%) DevExpress
10 9 (1.09%) Google
11 7 (0.85%) Sun
12 6 (0.72%) Bloomberg
12 6 (0.72%) FIS
12 6 (0.72%) MapR
12 6 (0.72%) SunGard
12 6 (0.72%) Telerik
13 5 (0.60%) Databricks