Period
to 22 October 2019

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 22 October 2019 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
22 Oct 2019
Same period 2018 Same period 2017
Rank 198 181 86
Rank change year-on-year -17 -95 +85
Contract jobs citing Investment Banking 1,205 1,586 2,811
As % of all contract IT jobs advertised in the UK 1.42% 1.54% 2.83%
As % of the General category 3.67% 3.80% 6.44%
Number of daily rates quoted 865 1,274 2,181
UK median daily rate £563 £600 £563
Median daily rate % change year-on-year -6.25% +6.67% +2.27%
10th Percentile £356 £389 £406
90th Percentile £730 £738 £713
UK excluding London median daily rate £475 £398 £425
% change year-on-year +19.50% -6.47% -
Number of hourly rates quoted 11 4 6
UK median hourly rate £44.00 £15.00 £15.00
Median hourly rate % change year-on-year +193.33% - -5.36%
10th Percentile £16.25 £14.65 £13.38
90th Percentile £73.00 £16.40 £20.88
UK excluding London median hourly rate £44.00 £15.00 £15.75
% change year-on-year +193.33% -4.76% -

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 32,835 41,741 43,651
As % of all contract IT jobs advertised in the UK 38.71% 40.41% 43.92%
Number of daily rates quoted 21,024 27,050 28,868
UK median daily rate £477 £475 £450
Median daily rate % change year-on-year +0.32% +5.56% +2.86%
10th Percentile £290 £290 £275
90th Percentile £675 £675 £650
UK excluding London median daily rate £438 £425 £401
% change year-on-year +2.94% +6.12% +0.13%
Number of hourly rates quoted 981 1,154 1,083
UK median hourly rate £22.00 £21.00 £22.50
Median hourly rate % change year-on-year +4.76% -6.67% +9.42%
10th Percentile £12.44 £11.85 £11.25
90th Percentile £50.00 £48.75 £47.50
UK excluding London median hourly rate £21.63 £20.00 £22.75
% change year-on-year +8.15% -12.09% +10.98%

Investment Banking
Job Vacancy Trend

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

Job vacancy trend for Investment Banking in the UK

Investment Banking
Contractor Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Investment Banking.

Contractor daily rate trend for Investment Banking in the UK

Investment Banking
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Investment Banking over the 6 months to 22 October 2019.

Contractor daily rate histogram for Investment Banking in the UK

Investment Banking
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Investment Banking.

Contractor hourly rate trend for Investment Banking in the UK

Investment Banking
Contractor Hourly Rate Histogram

The hourly rate distribution of IT jobs citing Investment Banking over the 6 months to 22 October 2019.

Contractor hourly rate histogram for Investment Banking in the UK

Investment Banking
Top 17 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 22 October 2019. 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 -28 1,019 £598 -0.42% 70
London -22 925 £600 - 65
UK excluding London +165 266 £475 +19.50% 8
Scotland +75 121 £475 +14.46% 2
Northern Ireland +23 54 £513 +46.43%
South East +56 23 £513 +20.59% 4
North of England +27 23 £500 +14.29%
East of England +45 22 £338 +5.47% 1
North West +1 18 £450 +5.88%
Midlands +57 10 £413 -17.50%
East Midlands +28 7 £308 -40.00%
Wales +26 6 £625 +69.49% 1
South West -14 5 £395 +36.21%
West Midlands +28 3 £500 +11.11%
Yorkshire +27 3 £525 +10.53%
North East - 2 £525 -
Channel Islands - 2 £500 -

For the 6 months to 22 October 2019, 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 1,205 (100.00%) Banking
2 481 (39.92%) Finance
3 415 (34.44%) Agile Software Development
4 403 (33.44%) Java
5 265 (21.99%) SQL
6 196 (16.27%) Python
7 185 (15.35%) Front Office
8 158 (13.11%) TDD
9 139 (11.54%) JavaScript
10 118 (9.79%) Derivative
11 110 (9.13%) Oracle
12 104 (8.63%) Software Engineering
13 97 (8.05%) React
14 93 (7.72%) Analytics
14 93 (7.72%) SQL Server
14 93 (7.72%) Scala
15 92 (7.63%) Migration
16 91 (7.55%) Greenfield Project
17 89 (7.39%) Analytical Skills
17 89 (7.39%) Stakeholder Management
17 89 (7.39%) Big Data
18 88 (7.30%) C#
18 88 (7.30%) Foreign Exchange (FX)
19 85 (7.05%) AWS
19 85 (7.05%) Problem-Solving
20 84 (6.97%) Microsoft
21 81 (6.72%) Equities
21 81 (6.72%) Microservices
22 80 (6.64%) HTML
23 78 (6.47%) Fixed Income

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 61 (5.06%) Apache Spark
2 21 (1.74%) Confluence
3 19 (1.58%) Apache
4 15 (1.24%) SharePoint
5 11 (0.91%) SAS
6 9 (0.75%) Apache Airflow
7 8 (0.66%) Elasticsearch
8 6 (0.50%) Skype for Business
9 4 (0.33%) CMS
9 4 (0.33%) Jupyter
9 4 (0.33%) nginx
9 4 (0.33%) Oracle Coherence
10 3 (0.25%) Anypoint
10 3 (0.25%) IBM Notes
10 3 (0.25%) MS Exchange
11 2 (0.17%) Adobe Experience Manager
11 2 (0.17%) IBM HTTP Server
11 2 (0.17%) Tomcat
11 2 (0.17%) Tornado
11 2 (0.17%) WebSphere
Applications
1 44 (3.65%) Microsoft Excel
2 37 (3.07%) Microsoft Office
3 20 (1.66%) Microsoft PowerPoint
4 5 (0.41%) Microsoft Project
4 5 (0.41%) MS Visio
5 3 (0.25%) Sketch
6 2 (0.17%) Chatbot
6 2 (0.17%) InVision
6 2 (0.17%) SPSS
7 1 (0.083%) Adobe Captivate
7 1 (0.083%) Adobe XD
7 1 (0.083%) Photoshop
7 1 (0.083%) RoboHelp
Business Applications
1 21 (1.74%) SAP Oil and Gas
2 6 (0.50%) Dynamics AX
3 5 (0.41%) ION MarketView
4 3 (0.25%) Markit EDM
4 3 (0.25%) Oracle Cash Management
4 3 (0.25%) SAP ERP
5 2 (0.17%) Actimize
5 2 (0.17%) Dynamics CRM
5 2 (0.17%) Maximo
5 2 (0.17%) Oracle EBS
5 2 (0.17%) PolarLake
6 1 (0.083%) BusinessWorks
6 1 (0.083%) Eagle PACE
6 1 (0.083%) Global One
6 1 (0.083%) MultiFonds
6 1 (0.083%) Oracle Assets
6 1 (0.083%) Oracle General Ledger
6 1 (0.083%) Oracle Internet Expenses
6 1 (0.083%) Primavera
6 1 (0.083%) Unit4 Business World
Cloud Services
1 85 (7.05%) AWS
2 77 (6.39%) Azure
3 40 (3.32%) GCP
4 39 (3.24%) Power Platform
5 23 (1.91%) npm
6 22 (1.83%) Office 365
7 17 (1.41%) GitHub
8 16 (1.33%) SaaS
9 13 (1.08%) Cloud Computing
10 9 (0.75%) IaaS
10 9 (0.75%) OpenShift
10 9 (0.75%) Yarn
11 7 (0.58%) Dynamics 365
11 7 (0.58%) PaaS
12 5 (0.41%) Apigee
13 4 (0.33%) Azure Data Factory
13 4 (0.33%) OneDrive
14 3 (0.25%) Serverless
15 2 (0.17%) AWS Lambda
15 2 (0.17%) Google Analytics
Communications & Networking
1 17 (1.41%) Firewall
2 15 (1.24%) TCP/IP
3 14 (1.16%) DNS
3 14 (1.16%) HTTP
4 13 (1.08%) Wireless
5 12 (1.00%) Network Security
6 11 (0.91%) LAN
7 10 (0.83%) Multicast
7 10 (0.83%) WAN
8 9 (0.75%) BGP
8 9 (0.75%) HTTPS
8 9 (0.75%) OSPF
8 9 (0.75%) SMTP
9 8 (0.66%) Cisco Nexus
9 8 (0.66%) DHCP
9 8 (0.66%) Internet
10 7 (0.58%) Cisco IOS
10 7 (0.58%) SAN
10 7 (0.58%) VPN
11 6 (0.50%) Skype
Database & Business Intelligence
1 93 (7.72%) SQL Server
2 89 (7.39%) Big Data
3 61 (5.06%) Relational Database
4 56 (4.65%) Hadoop
5 50 (4.15%) NoSQL
6 39 (3.24%) Power BI
7 38 (3.15%) MongoDB
8 37 (3.07%) Data Warehouse
9 33 (2.74%) Apache Hive
10 29 (2.41%) RDBMS
10 29 (2.41%) SQL Server Integration Services
11 26 (2.16%) SQL Server Reporting Services
12 25 (2.07%) Impala
12 25 (2.07%) Spark SQL
13 22 (1.83%) Oracle Database
14 20 (1.66%) PostgreSQL
15 17 (1.41%) HBase
15 17 (1.41%) QlikView
16 16 (1.33%) MySQL
17 14 (1.16%) SQL Server Analysis Services
Development Applications
1 64 (5.31%) Git (software)
2 62 (5.15%) JIRA
3 27 (2.24%) TeamCity
4 26 (2.16%) Jenkins
5 19 (1.58%) Maven
6 15 (1.24%) Cucumber
7 14 (1.16%) webpack
8 13 (1.08%) Bitbucket
9 9 (0.75%) JUnit
9 9 (0.75%) Selenium
10 5 (0.41%) Bitbucket Server
10 5 (0.41%) Eclipse
10 5 (0.41%) PowerDesigner
10 5 (0.41%) Subversion
11 4 (0.33%) GitLab
11 4 (0.33%) gulp
11 4 (0.33%) Jasmine
11 4 (0.33%) JMeter
11 4 (0.33%) Pylint
11 4 (0.33%) Sourcetree
General
1 1,205 (100.00%) Banking
2 481 (39.92%) Finance
3 185 (15.35%) Front Office
4 68 (5.64%) Retail
5 63 (5.23%) Retail Banking
6 30 (2.49%) Legal
7 29 (2.41%) Corporate Banking
8 22 (1.83%) Public Sector
9 17 (1.41%) Marketing
10 16 (1.33%) Telecoms
11 15 (1.24%) Financial Institution
12 14 (1.16%) Private Banking
13 13 (1.08%) Back Office
14 12 (1.00%) Electronics
15 7 (0.58%) Games
16 5 (0.41%) Publishing
17 4 (0.33%) Advertising
18 3 (0.25%) French Language
18 3 (0.25%) International Banking
18 3 (0.25%) Law
Job Titles
1 534 (44.32%) Developer
2 211 (17.51%) Java Developer
3 171 (14.19%) Analyst
4 115 (9.54%) Senior Developer
5 76 (6.31%) Business Analyst
6 63 (5.23%) Architect
7 60 (4.98%) Senior Java Developer
8 57 (4.73%) Python Developer
9 53 (4.40%) Scala Developer
10 46 (3.82%) Investment Banking Java Developer
11 44 (3.65%) Project Manager
11 44 (3.65%) SQL Developer
12 42 (3.49%) Agile Developer
13 41 (3.40%) React Developer
14 40 (3.32%) Banking Analyst
15 36 (2.99%) C# Developer
16 33 (2.74%) Agile Java Developer
17 29 (2.41%) Full Stack Developer
18 27 (2.24%) DevOps Engineer
19 24 (1.99%) .NET Developer
Libraries, Frameworks & Software Standards
1 97 (8.05%) React
2 80 (6.64%) HTML
3 65 (5.39%) Spring
4 64 (5.31%) CSS
5 62 (5.15%) AngularJS
5 62 (5.15%) Kafka
6 57 (4.73%) .NET
7 49 (4.07%) Node.js
8 40 (3.32%) RESTful
9 34 (2.82%) XML
10 33 (2.74%) Hibernate
10 33 (2.74%) HTML5
11 30 (2.49%) Redux
12 24 (1.99%) Spring Boot
13 23 (1.91%) REST
14 21 (1.74%) FIX Protocol
14 21 (1.74%) Web Services
15 18 (1.49%) SOAP
16 16 (1.33%) Scala.js
17 15 (1.24%) J2EE
Miscellaneous
1 118 (9.79%) Derivative
2 91 (7.55%) Greenfield Project
3 89 (7.39%) Analytical Skills
4 88 (7.30%) Foreign Exchange (FX)
5 81 (6.72%) Equities
6 78 (6.47%) Fixed Income
7 40 (3.32%) Management Information System
8 37 (3.07%) Virtual Team
9 35 (2.90%) Equity Derivative
10 34 (2.82%) Credit Risk
11 33 (2.74%) Algorithms
11 33 (2.74%) User Experience
12 26 (2.16%) Market Risk
13 23 (1.91%) Data Structures
13 23 (1.91%) Reference Data
13 23 (1.91%) Self-Motivation
14 22 (1.83%) Public Cloud
15 21 (1.74%) Mobile Banking
16 18 (1.49%) Data Centre
17 15 (1.24%) Security Operations Centre
Operating Systems
1 77 (6.39%) Linux
2 75 (6.22%) Unix
3 74 (6.14%) Windows
4 29 (2.41%) Windows 10
5 21 (1.74%) Windows 7
6 19 (1.58%) Windows Server
7 13 (1.08%) Solaris
8 11 (0.91%) Red Hat Enterprise Linux
9 7 (0.58%) Apple iOS
10 6 (0.50%) Windows Server 2008
11 5 (0.41%) Mac OS
12 4 (0.33%) AIX
12 4 (0.33%) Windows Server 2003
12 4 (0.33%) Windows Server 2012
13 3 (0.25%) Android
14 2 (0.17%) Windows 2000
15 1 (0.083%) Data ONTAP
15 1 (0.083%) Ubuntu
Processes & Methodologies
1 415 (34.44%) Agile Software Development
2 158 (13.11%) TDD
3 104 (8.63%) Software Engineering
4 93 (7.72%) Analytics
5 92 (7.63%) Migration
6 89 (7.39%) Stakeholder Management
7 85 (7.05%) Problem-Solving
8 81 (6.72%) Microservices
9 73 (6.06%) Project Management
9 73 (6.06%) Scrum
10 72 (5.98%) SDLC
11 69 (5.73%) DevOps
12 63 (5.23%) Wealth Management
13 62 (5.15%) Business Intelligence
14 58 (4.81%) Risk Management
15 57 (4.73%) Continuous Integration
16 53 (4.40%) Low Latency
16 53 (4.40%) Multithreading
17 52 (4.32%) Test Automation
18 48 (3.98%) Electronic Trading
Programming Languages
1 403 (33.44%) Java
2 265 (21.99%) SQL
3 196 (16.27%) Python
4 139 (11.54%) JavaScript
5 93 (7.72%) Scala
6 88 (7.30%) C#
7 59 (4.90%) C++
8 43 (3.57%) Java 8
9 24 (1.99%) ES6
9 24 (1.99%) TypeScript
10 23 (1.91%) PowerShell
11 21 (1.74%) Perl
12 20 (1.66%) VBA
13 17 (1.41%) C
14 16 (1.33%) R
15 15 (1.24%) PL/SQL
16 13 (1.08%) Bash Shell
17 12 (1.00%) Data Analysis Expressions (DAX)
18 11 (0.91%) VB.NET
19 9 (0.75%) Shell Script
Qualifications
1 72 (5.98%) Degree
2 21 (1.74%) SC Cleared
2 21 (1.74%) Security Cleared
3 18 (1.49%) Computer Science Degree
4 13 (1.08%) PhD
5 10 (0.83%) PMP
6 9 (0.75%) CISSP
7 8 (0.66%) Cisco Certification
8 7 (0.58%) CISA
8 7 (0.58%) ITIL Certification
8 7 (0.58%) Master's Degree
9 6 (0.50%) CISM
9 6 (0.50%) CRISC
9 6 (0.50%) PMI Certification
10 5 (0.41%) ISEB
10 5 (0.41%) ISTQB
11 4 (0.33%) TOGAF Certification
12 3 (0.25%) AWS Certification
12 3 (0.25%) Citrix Certification
12 3 (0.25%) Microsoft Certification
Quality Assurance & Compliance
1 33 (2.74%) QA
2 21 (1.74%) MiFID
3 15 (1.24%) Data Quality
4 9 (0.75%) EMIR
5 7 (0.58%) PMO
6 6 (0.50%) GDPR
7 3 (0.25%) ISO/IEC 27001
7 3 (0.25%) NIST
8 2 (0.17%) Dodd-Frank
8 2 (0.17%) ITGC
8 2 (0.17%) SLA
9 1 (0.083%) Basel III
9 1 (0.083%) ISO 8583
9 1 (0.083%) Sarbanes-Oxley
9 1 (0.083%) SEPA
System Software
1 47 (3.90%) Docker
2 27 (2.24%) Active Directory
3 18 (1.49%) HDFS
4 15 (1.24%) VMware Infrastructure
5 11 (0.91%) XenDesktop
6 10 (0.83%) XenApp
7 7 (0.58%) Oracle RAC
8 6 (0.50%) Firmware
8 6 (0.50%) Virtual Desktop
9 5 (0.41%) ProxySG
10 4 (0.33%) Veritas Volume Manager
11 3 (0.25%) Citrix Hypervisor
11 3 (0.25%) VMware ESXi
12 2 (0.17%) ACF2
12 2 (0.17%) Apache ZooKeeper
12 2 (0.17%) Cronacle
12 2 (0.17%) RACF
12 2 (0.17%) Veritas File System
12 2 (0.17%) VMware Server
12 2 (0.17%) VMware Workstation
Systems Management
1 38 (3.15%) Kubernetes
2 24 (1.99%) Ansible
3 16 (1.33%) Terraform
4 13 (1.08%) SCCM
5 8 (0.66%) Opscode Chef
6 7 (0.58%) Puppet
7 6 (0.50%) Single Sign-On
8 5 (0.41%) Symantec Endpoint Protection
9 4 (0.33%) AirWatch
10 3 (0.25%) Consul
10 3 (0.25%) Data Guard
10 3 (0.25%) Istio
10 3 (0.25%) Nessus
10 3 (0.25%) PingFederate
10 3 (0.25%) QRadar
10 3 (0.25%) SCOM
11 2 (0.17%) Cisco CUCM
11 2 (0.17%) Tivoli
11 2 (0.17%) Tivoli Storage Manager
11 2 (0.17%) WSUS
Vendors
1 110 (9.13%) Oracle
2 84 (6.97%) Microsoft
3 41 (3.40%) Google
4 30 (2.49%) Tableau
5 24 (1.99%) Bloomberg
5 24 (1.99%) Cisco
5 24 (1.99%) SAP
6 20 (1.66%) VMware
7 19 (1.58%) Citrix
8 18 (1.49%) Sybase
9 17 (1.41%) Reuters
10 13 (1.08%) Informatica
11 12 (1.00%) HP
12 11 (0.91%) Atlassian
12 11 (0.91%) Splunk
13 8 (0.66%) Blue Prism
13 8 (0.66%) IBM
13 8 (0.66%) Salesforce.com
13 8 (0.66%) ServiceNow
13 8 (0.66%) Sun