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

6 months to
27 Apr 2024
Same period 2023 Same period 2022
Rank 176 119 131
Rank change year-on-year -57 +12 +27
Contract jobs citing Investment Banking 597 1,300 1,831
As % of all contract jobs advertised in the UK 1.38% 2.17% 2.06%
As % of the General category 2.37% 3.72% 3.68%
Number of daily rates quoted 423 944 1,312
10th Percentile £500 £500 £525
25th Percentile £580 £575 £613
Median daily rate (50th Percentile) £725 £700 £700
Median % change year-on-year +3.57% - +7.69%
75th Percentile £850 £806 £800
90th Percentile £900 £950 £875
UK excluding London median daily rate £619 £515 £510
% change year-on-year +20.19% +0.98% +7.37%
Number of hourly rates quoted 1 3 4
10th Percentile - £43.84 £22.55
25th Percentile £18.25 £50.72 £37.63
Median hourly rate £19.50 £64.38 £53.50
Median % change year-on-year -69.71% +20.33% +137.78%
75th Percentile £20.75 £67.66 £68.69
90th Percentile - £68.31 £79.83
UK excluding London median hourly rate £19.50 £66.56 £30.00
% change year-on-year -70.70% +121.88% -

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 25,217 34,983 49,764
As % of all contract IT jobs advertised in the UK 58.24% 58.49% 56.02%
Number of daily rates quoted 15,921 24,245 34,457
10th Percentile £270 £313 £319
25th Percentile £413 £440 £425
Median daily rate (50th Percentile) £525 £550 £533
Median % change year-on-year -4.55% +3.29% +7.58%
75th Percentile £650 £675 £650
90th Percentile £763 £775 £750
UK excluding London median daily rate £496 £500 £475
% change year-on-year -0.90% +5.26% +11.76%
Number of hourly rates quoted 1,927 1,077 1,444
10th Percentile £12.78 £13.46 £12.50
25th Percentile £15.48 £18.13 £14.75
Median hourly rate £29.00 £35.00 £21.50
Median % change year-on-year -17.14% +62.79% -4.44%
75th Percentile £51.75 £61.25 £46.13
90th Percentile £65.00 £72.50 £58.00
UK excluding London median hourly rate £27.51 £30.54 £18.50
% change year-on-year -9.93% +65.08% -7.50%

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 April 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 13 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 April 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 -54 548 £725 +3.57% 131
London -23 525 £740 +5.71% 120
Work from Home +14 236 £775 +8.39% 25
UK excluding London +14 44 £619 +20.19% 17
Scotland +1 23 £619 +3.17% 4
North of England +20 9 £675 +50.00% 5
South East +27 8 - - 1
North West +2 8 £675 +50.00% 3
South West +22 2 £463 +2.78% 2
Northern Ireland +2 2 £506 +12.50% 2
West Midlands +26 1 - - 2
Midlands +19 1 - - 2
North East - 1 - -

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 76 (12.73%) Apache
2 75 (12.56%) Apache Airflow
3 11 (1.84%) Apache Spark
4 6 (1.01%) SharePoint
5 4 (0.67%) Microsoft Exchange
6 3 (0.50%) Confluence
6 3 (0.50%) SAS
7 2 (0.34%) Adobe Experience Manager
7 2 (0.34%) CMS
7 2 (0.34%) Headless CMS
8 1 (0.17%) GemFire
8 1 (0.17%) IIS
8 1 (0.17%) Oracle Coherence
8 1 (0.17%) Oracle Workflow
8 1 (0.17%) WebSphere
Applications
1 25 (4.19%) Microsoft Excel
2 12 (2.01%) Microsoft PowerPoint
3 10 (1.68%) Microsoft Office
4 4 (0.67%) Microsoft Project
5 2 (0.34%) Sketch
5 2 (0.34%) Spreadsheet
6 1 (0.17%) InVision
Business Applications
1 11 (1.84%) Aladdin
1 11 (1.84%) ION Anvil
1 11 (1.84%) Loan IQ
2 8 (1.34%) IntelliMatch
2 8 (1.34%) ION MarketView
3 2 (0.34%) Fidessa
3 2 (0.34%) Orchestrade
3 2 (0.34%) SAP S/4HANA
4 1 (0.17%) Finacle
4 1 (0.17%) FLEXCUBE
4 1 (0.17%) Oracle FAH
4 1 (0.17%) Oracle General Ledger
4 1 (0.17%) SAP CO
4 1 (0.17%) SAP ERP
4 1 (0.17%) SAP FI
4 1 (0.17%) SAP FI/CO
4 1 (0.17%) Temenos T24
Cloud Services
1 112 (18.76%) AWS
2 74 (12.40%) dbt
3 58 (9.72%) Snowflake
4 57 (9.55%) GCP
5 49 (8.21%) Azure
6 15 (2.51%) Power Platform
7 9 (1.51%) Azure DevOps
7 9 (1.51%) OpenShift
8 7 (1.17%) GitHub
8 7 (1.17%) Microsoft 365
9 6 (1.01%) Power Automate
10 5 (0.84%) IaaS
10 5 (0.84%) Serverless
11 4 (0.67%) Cloud Run
11 4 (0.67%) Dynamics 365
11 4 (0.67%) Google Kubernetes Engine
12 3 (0.50%) Amazon EC2
12 3 (0.50%) Azure AKS
12 3 (0.50%) npm
12 3 (0.50%) Yarn
Communications & Networking
1 15 (2.51%) Firewall
2 13 (2.18%) DMZ
2 13 (2.18%) VPN
3 11 (1.84%) Cisco Nexus
4 6 (1.01%) DNS
5 5 (0.84%) DHCP
5 5 (0.84%) SAN
6 4 (0.67%) Fibre Channel
6 4 (0.67%) FIX Connectivity
6 4 (0.67%) Internet
6 4 (0.67%) iSCSI
7 3 (0.50%) LAN
7 3 (0.50%) WAN
8 2 (0.34%) IPsec
8 2 (0.34%) NAS
8 2 (0.34%) SSH
8 2 (0.34%) TCP/IP
8 2 (0.34%) Wireshark
9 1 (0.17%) Cisco IOS
9 1 (0.17%) Network Security
Database & Business Intelligence
1 74 (12.40%) Amazon Athena
1 74 (12.40%) Apache Arrow
1 74 (12.40%) Apache Ignite
1 74 (12.40%) Dremio
2 60 (10.05%) Data Lake
3 35 (5.86%) Relational Database
4 30 (5.03%) SQL Server
5 15 (2.51%) Big Data
6 13 (2.18%) KDB
7 11 (1.84%) Power BI
8 8 (1.34%) NoSQL
9 7 (1.17%) Oracle Database
10 6 (1.01%) Apache Hive
10 6 (1.01%) Impala
11 5 (0.84%) Data Warehouse
11 5 (0.84%) MongoDB
11 5 (0.84%) Tableau
12 4 (0.67%) BigQuery
12 4 (0.67%) DB2
12 4 (0.67%) Hadoop
Development Applications
1 33 (5.53%) JIRA
2 25 (4.19%) Git
2 25 (4.19%) TeamCity
3 23 (3.85%) Cucumber
4 19 (3.18%) Jenkins
5 8 (1.34%) GitLab
6 7 (1.17%) Bitbucket
6 7 (1.17%) Visual Studio
7 6 (1.01%) MLflow
8 5 (0.84%) TestRail
9 3 (0.50%) Octopus Deploy
9 3 (0.50%) Selenium
9 3 (0.50%) webpack
10 2 (0.34%) Artifactory
10 2 (0.34%) JUnit
10 2 (0.34%) Maven
10 2 (0.34%) PHPUnit
10 2 (0.34%) SpecFlow
10 2 (0.34%) Visual Studio Code
11 1 (0.17%) Zephyr
General
1 597 (100.00%) Banking
2 312 (52.26%) Finance
3 187 (31.32%) Front Office
4 125 (20.94%) Social Skills
5 64 (10.72%) Analytical Skills
6 39 (6.53%) Retail
7 36 (6.03%) Retail Banking
8 32 (5.36%) Corporate Banking
9 10 (1.68%) Back Office
9 10 (1.68%) Financial Institution
9 10 (1.68%) Wholesale Banking
10 8 (1.34%) Public Sector
11 7 (1.17%) Prime Brokerage
12 6 (1.01%) Organisational Skills
12 6 (1.01%) Synthetic Prime Brokerage
13 5 (0.84%) Inclusion and Diversity
13 5 (0.84%) Legal
13 5 (0.84%) Presentation Skills
14 2 (0.34%) French Language
14 2 (0.34%) Public Speaking
Job Titles
1 215 (36.01%) Developer
2 112 (18.76%) Analyst
3 74 (12.40%) Java Developer
4 71 (11.89%) Business Analyst
5 63 (10.55%) Lead
6 60 (10.05%) Senior
7 50 (8.38%) Software Engineer
8 35 (5.86%) Architect
9 34 (5.70%) C# Developer
9 34 (5.70%) Python Engineer
10 33 (5.53%) Python Developer
11 32 (5.36%) Project Manager
12 29 (4.86%) Developer/Software Engineer
12 29 (4.86%) Software Developer
13 28 (4.69%) Java Engineer
14 27 (4.52%) AWS Engineer
15 25 (4.19%) AWS Software Engineer
15 25 (4.19%) Investment Banking Java Developer
15 25 (4.19%) Python Software Engineer
15 25 (4.19%) Solutions Architect
Libraries, Frameworks & Software Standards
1 74 (12.40%) Pandas
2 73 (12.23%) gRPC
2 73 (12.23%) NumPy
2 73 (12.23%) Protocol Buffers
2 73 (12.23%) SciPy
3 47 (7.87%) .NET
4 41 (6.87%) FIX Protocol
5 30 (5.03%) React
6 22 (3.69%) WPF
7 17 (2.85%) CSS
8 15 (2.51%) HTML
9 13 (2.18%) Spring
10 12 (2.01%) AngularJS
10 12 (2.01%) Redux
11 10 (1.68%) .NET Framework
11 10 (1.68%) Middleware
12 9 (1.51%) HTML5
13 8 (1.34%) .NET Core
14 7 (1.17%) Kafka
14 7 (1.17%) REST
Miscellaneous
1 154 (25.80%) Derivative
2 146 (24.46%) Fixed Income
3 114 (19.10%) Equities
4 113 (18.93%) Foreign Exchange (FX)
5 85 (14.24%) Hedge funds
6 40 (6.70%) Product Ownership
7 19 (3.18%) Equity Derivative
8 13 (2.18%) Market Risk
9 11 (1.84%) Distributed Computing
10 10 (1.68%) Algorithms
11 8 (1.34%) Management Information System
11 8 (1.34%) Self-Motivation
12 7 (1.17%) Credit Risk
12 7 (1.17%) OTC Derivatives
13 6 (1.01%) Data Structures
13 6 (1.01%) Distributed Systems
13 6 (1.01%) Greenfield Project
13 6 (1.01%) Mobile App
13 6 (1.01%) Public Cloud
13 6 (1.01%) Reference Data
Operating Systems
1 66 (11.06%) Linux
2 48 (8.04%) Windows
3 47 (7.87%) Unix
4 9 (1.51%) Windows Server
5 7 (1.17%) Red Hat Enterprise Linux
6 5 (0.84%) Android
7 4 (0.67%) Apple iOS
8 3 (0.50%) Data ONTAP
9 1 (0.17%) VMS
9 1 (0.17%) Windows 10
Processes & Methodologies
1 204 (34.17%) Agile
2 96 (16.08%) Asset Management
3 95 (15.91%) Investment Management
4 94 (15.75%) Software Engineering
5 65 (10.89%) Problem-Solving
6 62 (10.39%) DevOps
7 55 (9.21%) Wealth Management
8 54 (9.05%) Electronic Trading
9 48 (8.04%) Analytics
10 47 (7.87%) Test Automation
11 42 (7.04%) SDLC
12 41 (6.87%) Stakeholder Management
13 40 (6.70%) Project Management
14 35 (5.86%) CI/CD
14 35 (5.86%) Line Management
15 30 (5.03%) Migration
16 29 (4.86%) BDD
16 29 (4.86%) High Availability
16 29 (4.86%) Risk Management
17 28 (4.69%) OO
Programming Languages
1 193 (32.33%) Python
2 179 (29.98%) Java
3 130 (21.78%) SQL
4 93 (15.58%) TypeScript
5 91 (15.24%) C#
6 85 (14.24%) JavaScript
7 43 (7.20%) Scala
8 25 (4.19%) PowerShell
9 23 (3.85%) C++
10 19 (3.18%) Perl
11 11 (1.84%) Ruby
12 9 (1.51%) T-SQL
12 9 (1.51%) VBA
13 7 (1.17%) Bash
13 7 (1.17%) Shell Script
14 5 (0.84%) R
15 4 (0.67%) Data Analysis Expressions
15 4 (0.67%) PHP
15 4 (0.67%) PL/SQL
16 3 (0.50%) Go
Qualifications
1 42 (7.04%) Degree
2 14 (2.35%) Numerate Degree
3 13 (2.18%) Computer Science Degree
4 7 (1.17%) Master's Degree
5 4 (0.67%) APMP
6 3 (0.50%) CISM
6 3 (0.50%) CISSP
6 3 (0.50%) MCSE
6 3 (0.50%) Microsoft Certification
6 3 (0.50%) PMP
6 3 (0.50%) SC Cleared
6 3 (0.50%) Security Cleared
7 2 (0.34%) ISEB
7 2 (0.34%) Six Sigma Black Belt
7 2 (0.34%) Six Sigma Green Belt
8 1 (0.17%) FFIEC
8 1 (0.17%) ISTQB
8 1 (0.17%) PMI Certification
Quality Assurance & Compliance
1 32 (5.36%) Data Quality
2 31 (5.19%) QA
3 16 (2.68%) PMO
4 15 (2.51%) EMIR
5 12 (2.01%) MiFID
6 9 (1.51%) SLA
7 3 (0.50%) Dodd-Frank
8 2 (0.34%) GRC
8 2 (0.34%) ISO/IEC 27001
8 2 (0.34%) NIST
8 2 (0.34%) SEPA
9 1 (0.17%) Basel II
9 1 (0.17%) Basel III
9 1 (0.17%) COREP
9 1 (0.17%) GAAP
9 1 (0.17%) GDPR
9 1 (0.17%) IFRS
9 1 (0.17%) IFRS 17
9 1 (0.17%) IFRS 9
9 1 (0.17%) SOC 2
System Software
1 18 (3.02%) Docker
2 10 (1.68%) Active Directory
3 4 (0.67%) Firmware
4 3 (0.50%) GPFS
4 3 (0.50%) NFS
5 2 (0.34%) Virtual Servers
5 2 (0.34%) VMware Infrastructure
6 1 (0.17%) Cronacle
6 1 (0.17%) GridGain
6 1 (0.17%) HDFS
Systems Management
1 29 (4.86%) Ansible
2 23 (3.85%) Kubernetes
3 14 (2.35%) ITRS Geneos
4 11 (1.84%) Terraform
5 10 (1.68%) Puppet
6 8 (1.34%) Grafana
7 3 (0.50%) Progress Chef
7 3 (0.50%) Rancher
7 3 (0.50%) Red Hat Satellite
7 3 (0.50%) Veritas Storage Foundation
8 2 (0.34%) Consul
8 2 (0.34%) NetBackup
8 2 (0.34%) Packer
9 1 (0.17%) Argo
9 1 (0.17%) Control-M
9 1 (0.17%) CSIRT
9 1 (0.17%) Kibana
9 1 (0.17%) Netcool
9 1 (0.17%) Prometheus
Vendors
1 40 (6.70%) Microsoft
2 29 (4.86%) Bloomberg
3 19 (3.18%) Oracle
4 14 (2.35%) ION Trading
5 13 (2.18%) Cisco
6 12 (2.01%) Fortinet
7 11 (1.84%) BISAM
7 11 (1.84%) Databricks
8 10 (1.68%) Blue Coat
8 10 (1.68%) CheckPoint
8 10 (1.68%) Google
8 10 (1.68%) Juniper
9 9 (1.51%) IBM
9 9 (1.51%) Murex
10 8 (1.34%) Refinitiv
11 6 (1.01%) Dynatrace
12 5 (0.84%) Alteryx
12 5 (0.84%) SAP
12 5 (0.84%) Solace
12 5 (0.84%) Veritas