Investment Banking Contracts

Investment Banking
UK

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 27 February 2024 with a comparison to the same period over the previous 2 years.

6 months to
27 Feb 2024
Same period 2023 Same period 2022
Rank 163 116 131
Rank change year-on-year -47 +15 +35
Contract jobs citing Investment Banking 665 1,495 1,832
As % of all contract jobs advertised in the UK 1.49% 2.27% 2.07%
As % of the General category 2.54% 3.84% 3.80%
Number of daily rates quoted 458 1,066 1,323
10th Percentile £473 £525 £525
25th Percentile £550 £613 £613
Median daily rate (50th Percentile) £700 £725 £700
Median % change year-on-year -3.45% +3.57% +12.00%
75th Percentile £801 £813 £788
90th Percentile £938 £925 £850
UK excluding London median daily rate £625 £515 £538
% change year-on-year +21.36% -4.19% +31.90%
Number of hourly rates quoted 0 1 13
10th Percentile - - -
25th Percentile - £39.25 £41.00
Median hourly rate - £40.50 £60.00
Median % change year-on-year - -32.50% +166.67%
75th Percentile - £41.75 £65.00
90th Percentile - - -
UK excluding London median hourly rate - - £47.00

All General Skills
UK

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.

Contract vacancies with a requirement for common skills 26,176 38,939 48,248
As % of all contract IT jobs advertised in the UK 58.84% 59.11% 54.57%
Number of daily rates quoted 16,839 26,665 33,378
10th Percentile £265 £313 £313
25th Percentile £413 £438 £422
Median daily rate (50th Percentile) £525 £550 £525
Median % change year-on-year -4.55% +4.76% +10.53%
75th Percentile £650 £675 £638
90th Percentile £750 £775 £738
UK excluding London median daily rate £495 £500 £465
% change year-on-year -1.00% +7.53% +9.41%
Number of hourly rates quoted 1,727 1,149 1,394
10th Percentile £13.00 £13.91 £12.50
25th Percentile £15.38 £17.63 £14.25
Median hourly rate £26.00 £29.00 £21.00
Median % change year-on-year -10.34% +38.10% -8.70%
75th Percentile £51.25 £60.50 £43.75
90th Percentile £65.91 £70.00 £56.39
UK excluding London median hourly rate £25.00 £25.91 £17.50
% change year-on-year -3.49% +48.03% -16.86%

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 27 February 2024.

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 12 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 27 February 2024. 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
Jobs
England -58 579 £700 -3.45% 130
London -17 560 £700 -3.45% 113
Work from Home 0 254 £725 +0.69% 39
UK excluding London +46 68 £625 +21.36% 32
Scotland +21 42 £628 +4.58% 2
North of England +36 11 £625 +48.81% 13
Northern Ireland +14 10 £563 +25.00% 9
North West +10 9 £625 +48.81% 11
South East +23 5 - - 1
Yorkshire - 2 £675 - 2
West Midlands +41 1 - - 3
Midlands +35 1 - - 3

Investment Banking
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 35 (5.26%) Apache
2 33 (4.96%) Apache Airflow
3 16 (2.41%) Apache Spark
4 9 (1.35%) Confluence
5 6 (0.90%) Microsoft Exchange
6 4 (0.60%) SharePoint
7 3 (0.45%) IBM Notes
7 3 (0.45%) SAS
8 2 (0.30%) Camunda
8 2 (0.30%) IIS
8 2 (0.30%) Jupyter
9 1 (0.15%) Adobe Experience Manager
9 1 (0.15%) Jetty
9 1 (0.15%) MQSeries
9 1 (0.15%) Oracle Coherence
9 1 (0.15%) Oracle Workflow
9 1 (0.15%) Tomcat
9 1 (0.15%) WebSphere
Applications
1 30 (4.51%) Microsoft Excel
2 14 (2.11%) Microsoft PowerPoint
3 11 (1.65%) Microsoft Office
4 8 (1.20%) Microsoft Project
5 3 (0.45%) MS Visio
6 2 (0.30%) Sketch
6 2 (0.30%) Spreadsheet
7 1 (0.15%) InVision
Business Applications
1 19 (2.86%) Loan IQ
2 11 (1.65%) ION Anvil
3 9 (1.35%) ION MarketView
4 8 (1.20%) IntelliMatch
5 2 (0.30%) Aladdin
5 2 (0.30%) Dynamics CRM
5 2 (0.30%) Fidessa
5 2 (0.30%) Global One
5 2 (0.30%) Orchestrade
6 1 (0.15%) Finacle
6 1 (0.15%) FLEXCUBE
6 1 (0.15%) Oracle FAH
6 1 (0.15%) Oracle General Ledger
6 1 (0.15%) SAP BPC
6 1 (0.15%) SAP CO
6 1 (0.15%) SAP FI
6 1 (0.15%) SAP FI/CO
6 1 (0.15%) SAP Oil and Gas
6 1 (0.15%) SAP S/4HANA
6 1 (0.15%) Temenos T24
Cloud Services
1 66 (9.92%) AWS
2 58 (8.72%) Azure
3 38 (5.71%) GCP
4 33 (4.96%) dbt
5 16 (2.41%) Power Platform
6 14 (2.11%) Microsoft 365
7 12 (1.80%) OpenShift
8 10 (1.50%) Azure DevOps
8 10 (1.50%) GitHub
9 6 (0.90%) Amazon EKS
9 6 (0.90%) Serverless
10 5 (0.75%) Amazon EC2
10 5 (0.75%) IaaS
10 5 (0.75%) Power Automate
10 5 (0.75%) PowerApps
11 3 (0.45%) Azure Functions
11 3 (0.45%) Azure Logic Apps
11 3 (0.45%) Azure Service Bus
11 3 (0.45%) npm
11 3 (0.45%) Virtual Private Cloud
Communications & Networking
1 11 (1.65%) Firewall
2 10 (1.50%) DMZ
2 10 (1.50%) DNS
2 10 (1.50%) VPN
3 9 (1.35%) DHCP
4 8 (1.20%) Cisco Nexus
5 6 (0.90%) Fibre Channel
5 6 (0.90%) iSCSI
6 5 (0.75%) SAN
6 5 (0.75%) TCP/IP
7 4 (0.60%) LAN
7 4 (0.60%) WAN
8 3 (0.45%) BGP
8 3 (0.45%) F5 BIG-IP GTM
8 3 (0.45%) F5 BIG-IP LTM
8 3 (0.45%) FIX Connectivity
8 3 (0.45%) HTTP
8 3 (0.45%) SSL
8 3 (0.45%) Unified Communications
8 3 (0.45%) WebEx
Database & Business Intelligence
1 45 (6.77%) SQL Server
2 42 (6.32%) Relational Database
3 33 (4.96%) Amazon Athena
3 33 (4.96%) Apache Arrow
3 33 (4.96%) Dremio
4 32 (4.81%) Apache Ignite
5 21 (3.16%) Big Data
6 16 (2.41%) KDB
7 15 (2.26%) Power BI
8 11 (1.65%) Apache Hive
8 11 (1.65%) Hadoop
8 11 (1.65%) Impala
9 9 (1.35%) Kdb+
10 8 (1.20%) NoSQL
10 8 (1.20%) Tableau
11 6 (0.90%) Data Warehouse
11 6 (0.90%) MongoDB
11 6 (0.90%) Oracle Database
12 5 (0.75%) DB2
12 5 (0.75%) PostgreSQL
Development Applications
1 43 (6.47%) JIRA
2 26 (3.91%) Cucumber
2 26 (3.91%) Git
2 26 (3.91%) TeamCity
3 23 (3.46%) Jenkins
4 13 (1.95%) Bitbucket
5 9 (1.35%) GitLab
6 5 (0.75%) TestRail
7 4 (0.60%) Maven
7 4 (0.60%) MLflow
7 4 (0.60%) Postman
7 4 (0.60%) Selenium
7 4 (0.60%) Visual Studio
8 3 (0.45%) Artifactory
8 3 (0.45%) GCC
8 3 (0.45%) GDB
8 3 (0.45%) Octopus Deploy
8 3 (0.45%) SonarQube
8 3 (0.45%) webpack
9 2 (0.30%) git-flow
General
1 665 (100.00%) Banking
2 318 (47.82%) Finance
3 156 (23.46%) Front Office
4 138 (20.75%) Social Skills
5 73 (10.98%) Analytical Skills
6 30 (4.51%) Retail Banking
7 28 (4.21%) Retail
8 24 (3.61%) Corporate Banking
9 15 (2.26%) Back Office
10 11 (1.65%) Financial Institution
11 8 (1.20%) French Language
11 8 (1.20%) Legal
12 6 (0.90%) Prime Brokerage
12 6 (0.90%) Public Sector
12 6 (0.90%) Synthetic Prime Brokerage
13 4 (0.60%) Presentation Skills
13 4 (0.60%) Wholesale Banking
14 3 (0.45%) Inclusion and Diversity
14 3 (0.45%) Marketing
14 3 (0.45%) Organisational Skills
Job Titles
1 262 (39.40%) Developer
2 118 (17.74%) Analyst
3 72 (10.83%) Java Developer
4 69 (10.38%) Business Analyst
5 50 (7.52%) Senior
6 45 (6.77%) C# Developer
7 44 (6.62%) Lead
8 43 (6.47%) Project Manager
9 41 (6.17%) Python Developer
10 34 (5.11%) Software Engineer
11 33 (4.96%) AWS Developer
11 33 (4.96%) AWS Engineer
12 31 (4.66%) AWS Software Engineer
12 31 (4.66%) Developer/Software Engineer
13 29 (4.36%) Banking Analyst
13 29 (4.36%) Electronic Trading Developer
13 29 (4.36%) Quantitative Developer
14 26 (3.91%) Electronic Trading Java Developer
15 23 (3.46%) Scala Developer
16 22 (3.31%) Investment Banking Java Developer
Libraries, Frameworks & Software Standards
1 61 (9.17%) .NET
2 49 (7.37%) FIX Protocol
3 34 (5.11%) React
4 33 (4.96%) gRPC
5 32 (4.81%) Pandas
6 31 (4.66%) NumPy
6 31 (4.66%) Protocol Buffers
6 31 (4.66%) SciPy
7 30 (4.51%) WPF
8 21 (3.16%) CSS
9 19 (2.86%) AngularJS
10 15 (2.26%) HTML
10 15 (2.26%) Kafka
11 14 (2.11%) .NET Framework
12 13 (1.95%) .NET Core
13 11 (1.65%) Spring
14 9 (1.35%) FastAPI
14 9 (1.35%) Redux
14 9 (1.35%) WCF
15 8 (1.20%) WinForms
Miscellaneous
1 96 (14.44%) Derivative
2 89 (13.38%) Fixed Income
3 47 (7.07%) Foreign Exchange (FX)
4 41 (6.17%) Equities
5 36 (5.41%) Product Ownership
6 17 (2.56%) Market Risk
7 14 (2.11%) Management Information System
8 13 (1.95%) Algorithms
8 13 (1.95%) Equity Derivative
9 9 (1.35%) Distributed Computing
9 9 (1.35%) Greenfield Project
9 9 (1.35%) Self-Motivation
10 8 (1.20%) Hedge funds
11 6 (0.90%) Client/Server
11 6 (0.90%) Credit Risk
11 6 (0.90%) Data Structures
11 6 (0.90%) OTC Derivatives
12 5 (0.75%) Data Centre
13 4 (0.60%) Embedded Systems
13 4 (0.60%) Mobile App
Operating Systems
1 96 (14.44%) Linux
2 62 (9.32%) Unix
3 55 (8.27%) Windows
4 17 (2.56%) Windows Server
5 7 (1.05%) Apple iOS
6 6 (0.90%) Android
6 6 (0.90%) Red Hat Enterprise Linux
7 3 (0.45%) Data ONTAP
8 1 (0.15%) Solaris
8 1 (0.15%) VMS
Processes & Methodologies
1 174 (26.17%) Agile
2 80 (12.03%) Problem-Solving
3 79 (11.88%) Electronic Trading
4 67 (10.08%) DevOps
5 66 (9.92%) Analytics
6 61 (9.17%) Project Management
7 54 (8.12%) Wealth Management
8 52 (7.82%) Asset Management
9 48 (7.22%) Software Engineering
9 48 (7.22%) Test Automation
10 43 (6.47%) Stakeholder Management
11 42 (6.32%) SDLC
12 41 (6.17%) CI/CD
13 36 (5.41%) Risk Management
14 35 (5.26%) OO
15 34 (5.11%) High Availability
16 33 (4.96%) Algorithmic Trading
16 33 (4.96%) Change Management
17 32 (4.81%) BDD
17 32 (4.81%) Low Latency
Programming Languages
1 170 (25.56%) Python
2 158 (23.76%) SQL
3 148 (22.26%) Java
4 111 (16.69%) C#
5 61 (9.17%) TypeScript
6 58 (8.72%) JavaScript
7 44 (6.62%) Scala
8 26 (3.91%) C++
8 26 (3.91%) Perl
9 24 (3.61%) Shell Script
10 23 (3.46%) PowerShell
11 16 (2.41%) Ruby
12 11 (1.65%) Bash
13 9 (1.35%) T-SQL
14 8 (1.20%) VBA
15 7 (1.05%) PHP
16 5 (0.75%) Go
16 5 (0.75%) VB
17 4 (0.60%) PL/SQL
17 4 (0.60%) R
Qualifications
1 58 (8.72%) Degree
2 17 (2.56%) Computer Science Degree
3 16 (2.41%) Master's Degree
4 14 (2.11%) Numerate Degree
5 6 (0.90%) CISSP
6 5 (0.75%) Microsoft Certification
7 4 (0.60%) APMP
7 4 (0.60%) CISM
7 4 (0.60%) MCSE
8 3 (0.45%) ISEB
8 3 (0.45%) SC Cleared
8 3 (0.45%) Security Cleared
9 2 (0.30%) Sun Certification
10 1 (0.15%) CEH
10 1 (0.15%) GCIA
10 1 (0.15%) ISTQB
10 1 (0.15%) PMI Certification
10 1 (0.15%) PMP
10 1 (0.15%) Six Sigma Black Belt
10 1 (0.15%) SSCP
Quality Assurance & Compliance
1 38 (5.71%) QA
2 23 (3.46%) PMO
3 17 (2.56%) EMIR
4 13 (1.95%) MiFID
5 10 (1.50%) Data Quality
6 8 (1.20%) ISO/IEC 27001
6 8 (1.20%) NIST
7 7 (1.05%) SLA
8 4 (0.60%) COBIT
8 4 (0.60%) Dodd-Frank
9 2 (0.30%) Basel III
9 2 (0.30%) GRC
9 2 (0.30%) Sarbanes-Oxley
9 2 (0.30%) SEPA
10 1 (0.15%) GAAP
10 1 (0.15%) IFRS
10 1 (0.15%) IFRS 17
10 1 (0.15%) IFRS 9
10 1 (0.15%) ISO 9001
10 1 (0.15%) SOC 2
System Software
1 19 (2.86%) Docker
2 9 (1.35%) Active Directory
2 9 (1.35%) VMware Infrastructure
3 4 (0.60%) Firmware
4 3 (0.45%) GPFS
4 3 (0.45%) HDFS
4 3 (0.45%) NFS
5 2 (0.30%) Cronacle
5 2 (0.30%) Virtual Servers
Systems Management
1 40 (6.02%) Ansible
2 28 (4.21%) Kubernetes
3 22 (3.31%) ITRS Geneos
4 12 (1.80%) Terraform
5 9 (1.35%) Puppet
6 6 (0.90%) Grafana
7 4 (0.60%) Progress Chef
7 4 (0.60%) Rancher
8 3 (0.45%) Consul
8 3 (0.45%) Packer
8 3 (0.45%) Red Hat Satellite
8 3 (0.45%) Single Sign-On
8 3 (0.45%) Veritas Storage Foundation
9 2 (0.30%) Control-M
9 2 (0.30%) NetBackup
9 2 (0.30%) Podman
10 1 (0.15%) Active Directory Federation Services
10 1 (0.15%) Argo
10 1 (0.15%) CSIRT
10 1 (0.15%) Prometheus
Vendors
1 57 (8.57%) Microsoft
2 34 (5.11%) Oracle
3 21 (3.16%) Bloomberg
4 16 (2.41%) Cisco
5 12 (1.80%) Google
5 12 (1.80%) ION Trading
6 11 (1.65%) Databricks
7 10 (1.50%) IBM
7 10 (1.50%) Murex
7 10 (1.50%) Refinitiv
8 9 (1.35%) Fortinet
8 9 (1.35%) Red Hat
8 9 (1.35%) ServiceNow
8 9 (1.35%) Splunk
8 9 (1.35%) VMware
9 7 (1.05%) Blue Coat
9 7 (1.05%) CheckPoint
9 7 (1.05%) Juniper
10 6 (0.90%) SAP
10 6 (0.90%) Sybase