Period
to 27 November 2020

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 November 2020 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
27 Nov 2020
Same period 2019 Same period 2018
Rank 112 210 192
Rank change year-on-year +98 -18 -97
Contract jobs citing Investment Banking 793 1,065 1,504
As % of all contract jobs advertised in the UK 2.16% 1.29% 1.45%
As % of the General category 5.24% 3.39% 3.62%
Number of daily rates quoted 627 772 1,205
Median daily rate £600 £575 £600
Median daily rate % change year-on-year +4.35% -4.17% +4.35%
10th Percentile £463 £363 £381
90th Percentile £794 £725 £750
UK excluding London median daily rate £425 £475 £405
% change year-on-year -10.53% +17.28% -7.95%
Number of hourly rates quoted 0 11 2
Median hourly rate - £44.00 £16.00
Median hourly rate % change year-on-year - +175.00% +6.67%
UK excluding London median hourly rate - £44.00 £15.00
% change year-on-year - +193.33% +25.00%

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 15,139 31,393 41,588
As % of all contract IT jobs advertised in the UK 41.14% 38.09% 39.96%
Number of daily rates quoted 9,590 20,117 27,049
Median daily rate £495 £475 £475
Median daily rate % change year-on-year +4.21% - +3.26%
10th Percentile £288 £280 £300
90th Percentile £700 £675 £675
UK excluding London median daily rate £427 £438 £425
% change year-on-year -2.34% +2.94% +3.66%
Number of hourly rates quoted 607 991 1,136
Median hourly rate £29.00 £22.33 £21.00
Median hourly rate % change year-on-year +29.87% +6.35% -4.34%
10th Percentile £12.75 £12.44 £11.85
90th Percentile £52.50 £50.00 £48.75
Median hourly rate £25.00 £21.42 £20.00
% change year-on-year +16.74% +7.08% -6.98%

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 November 2020.

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 10 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 November 2020. 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 +121 763 £620 +3.33% 58
London +57 751 £625 +4.17% 56
Work from Home -105 51 £550 -21.43% 4
UK excluding London +44 32 £425 -10.53% 8
Scotland -16 15 £425 -10.53% 5
Northern Ireland -10 8 £285 -44.39% 1
Midlands +75 5 £338 -24.89%
West Midlands +69 5 £338 -32.40%
South East +147 3 £488 -2.50% 1
East of England +59 1 £263 -22.22%

For the 6 months to 27 November 2020, 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.

1 793 (100.00%) Banking
2 407 (51.32%) Java
3 384 (48.42%) Finance
4 332 (41.87%) Front Office
5 291 (36.70%) Agile Software Development
6 237 (29.89%) Fixed Income
7 205 (25.85%) Python
8 198 (24.97%) SQL
9 162 (20.43%) Foreign Exchange (FX)
10 145 (18.28%) C#
11 142 (17.91%) Web Services
12 140 (17.65%) JavaScript
12 140 (17.65%) Derivative
13 135 (17.02%) Equities
14 126 (15.89%) AngularJS
15 113 (14.25%) Linux
16 104 (13.11%) Asset Management
16 104 (13.11%) AWS
16 104 (13.11%) React
17 103 (12.99%) Software Engineering
18 101 (12.74%) Spring
19 100 (12.61%) Multithreading
19 100 (12.61%) Low Latency
20 99 (12.48%) TDD
21 98 (12.36%) C++
22 97 (12.23%) SQL Server
23 93 (11.73%) Hedge funds
24 92 (11.60%) Investment Management
25 89 (11.22%) Electronic Trading
26 83 (10.47%) .NET

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 44 (5.55%) Mule
2 41 (5.17%) Red Hat Fuse
3 24 (3.03%) Apache Spark
4 21 (2.65%) Confluence
4 21 (2.65%) JBoss
5 10 (1.26%) MTS
6 8 (1.01%) Elasticsearch
7 7 (0.88%) SharePoint
8 5 (0.63%) IIS
9 2 (0.25%) DataSynapse
9 2 (0.25%) IBM HTTP Server
9 2 (0.25%) SharePoint 2010
10 1 (0.13%) Apache
10 1 (0.13%) Apache Airflow
10 1 (0.13%) Apache Pig
10 1 (0.13%) Oracle Coherence
10 1 (0.13%) SAS
10 1 (0.13%) WebSphere
Applications
1 20 (2.52%) Microsoft Excel
2 10 (1.26%) Microsoft Office
3 8 (1.01%) Chatbot
4 6 (0.76%) Microsoft PowerPoint
5 4 (0.50%) Spreadsheet
6 3 (0.38%) Microsoft Project
6 3 (0.38%) MS Visio
7 2 (0.25%) Adobe Illustrator
8 1 (0.13%) Sketch
Business Applications
1 18 (2.27%) ION MarketView
2 13 (1.64%) SunGard Martini
3 11 (1.39%) Bloomberg TOMS
4 6 (0.76%) HiPortfolio
5 3 (0.38%) Actimize
6 2 (0.25%) Distributed Ledger
6 2 (0.25%) Endur
7 1 (0.13%) BusinessWorks
7 1 (0.13%) Global One
7 1 (0.13%) MultiFonds
7 1 (0.13%) Oracle Subledger Accounting
7 1 (0.13%) Refinitiv Enterprise Platform
7 1 (0.13%) SimCorp Dimension
7 1 (0.13%) Sophis RISQUE
7 1 (0.13%) Sparx Enterprise Architect
7 1 (0.13%) SunGard GMI
7 1 (0.13%) Temenos Globus
7 1 (0.13%) Temenos T24
Cloud Services
1 104 (13.11%) AWS
2 73 (9.21%) Azure
3 61 (7.69%) GCP
4 29 (3.66%) Serverless
5 27 (3.40%) Amazon EC2
5 27 (3.40%) Amazon S3
5 27 (3.40%) AWS Lambda
6 17 (2.14%) OpenShift
7 8 (1.01%) Cloud Computing
7 8 (1.01%) GitHub
7 8 (1.01%) npm
7 8 (1.01%) Yarn
8 7 (0.88%) Office 365
9 6 (0.76%) Power Platform
9 6 (0.76%) SaaS
10 5 (0.63%) PaaS
11 4 (0.50%) IaaS
12 3 (0.38%) Azure Data Factory
12 3 (0.38%) SuccessFactors
13 2 (0.25%) NuGet
Communications & Networking
1 13 (1.64%) Multicast
2 11 (1.39%) Firewall
3 10 (1.26%) FIX Connectivity
4 8 (1.01%) Kerberos
4 8 (1.01%) TCP/IP
5 6 (0.76%) SSL
5 6 (0.76%) Wireshark
6 5 (0.63%) Internet
6 5 (0.63%) VPN
7 4 (0.50%) WAN
8 3 (0.38%) HTTPS
8 3 (0.38%) LAN
9 2 (0.25%) AMQP
9 2 (0.25%) BIG-IP
9 2 (0.25%) HTTP
9 2 (0.25%) SSH
10 1 (0.13%) Cisco Nexus
10 1 (0.13%) Cisco Wireless
10 1 (0.13%) NetScaler
10 1 (0.13%) tcpdump
Database & Business Intelligence
1 97 (12.23%) SQL Server
2 62 (7.82%) Relational Database
3 45 (5.67%) MongoDB
4 38 (4.79%) NoSQL
5 33 (4.16%) Oracle Database
6 29 (3.66%) Data Warehouse
7 27 (3.40%) Amazon DynamoDB
8 26 (3.28%) MySQL
9 24 (3.03%) Hadoop
10 22 (2.77%) Oracle Database 12c
11 20 (2.52%) Hazelcast
12 16 (2.02%) Big Data
12 16 (2.02%) SQL Server Integration Services
13 12 (1.51%) Oracle Database 11g
14 11 (1.39%) Apache Cassandra
15 10 (1.26%) RDBMS
15 10 (1.26%) Redis
15 10 (1.26%) SQL Server Analysis Services
16 9 (1.13%) SQL Server Reporting Services
17 6 (0.76%) PostgreSQL
Development Applications
1 64 (8.07%) Git (software)
2 49 (6.18%) JIRA
3 43 (5.42%) Subversion
4 34 (4.29%) Maven
5 30 (3.78%) JUnit
6 25 (3.15%) Cucumber
7 23 (2.90%) RStudio
8 21 (2.65%) Visual Studio
9 20 (2.52%) jMock
10 19 (2.40%) Jenkins
11 18 (2.27%) Atlassian Bamboo
12 15 (1.89%) FishEye
12 15 (1.89%) Hudson
13 12 (1.51%) TeamCity
14 11 (1.39%) CppUnit
14 11 (1.39%) Oracle APEX
15 10 (1.26%) Eclipse
15 10 (1.26%) GCC
15 10 (1.26%) GDB
16 9 (1.13%) Selenium
General
1 793 (100.00%) Banking
2 384 (48.42%) Finance
3 332 (41.87%) Front Office
4 23 (2.90%) Retail Banking
5 22 (2.77%) Retail
6 20 (2.52%) Back Office
7 13 (1.64%) French Language
8 12 (1.51%) Corporate Banking
9 9 (1.13%) Financial Institution
10 8 (1.01%) International Banking
11 7 (0.88%) Law
11 7 (0.88%) Marketing
12 5 (0.63%) Legal
13 4 (0.50%) Advertising
14 2 (0.25%) Prime Brokerage
15 1 (0.13%) German Language
15 1 (0.13%) Pharmaceutical
15 1 (0.13%) Private Banking
15 1 (0.13%) Publishing
15 1 (0.13%) Telecoms
Job Titles
1 536 (67.59%) Developer
2 237 (29.89%) Java Developer
3 126 (15.89%) Senior Developer
4 108 (13.62%) Analyst
5 94 (11.85%) Senior Java Developer
6 70 (8.83%) Business Analyst
7 61 (7.69%) JavaScript Developer
8 58 (7.31%) C# Developer
9 54 (6.81%) Front Office Developer
10 50 (6.31%) C++ Developer
11 49 (6.18%) Python Developer
12 40 (5.04%) Investment Banking Java Developer
13 39 (4.92%) Software Engineer
14 38 (4.79%) Developer/Software Engineer
15 36 (4.54%) AWS Developer
16 35 (4.41%) Pricing Developer
17 34 (4.29%) Angular Developer
18 33 (4.16%) AWS Engineer
19 30 (3.78%) Electronic Trading Developer
20 29 (3.66%) Electronic Trading Java Developer
Libraries, Frameworks & Software Standards
1 142 (17.91%) Web Services
2 126 (15.89%) AngularJS
3 104 (13.11%) React
4 101 (12.74%) Spring
5 83 (10.47%) .NET
6 68 (8.58%) Middleware
7 63 (7.94%) Vue.js
8 61 (7.69%) REST
9 56 (7.06%) Node.js
10 45 (5.67%) Apache Camel
11 41 (5.17%) Spring Integration
12 40 (5.04%) Hibernate
12 40 (5.04%) HTML
13 39 (4.92%) XML
14 32 (4.04%) CSS
15 29 (3.66%) Boost C++ Libraries
15 29 (3.66%) JMS
15 29 (3.66%) STL
15 29 (3.66%) WPF
16 28 (3.53%) HTML5
Miscellaneous
1 237 (29.89%) Fixed Income
2 162 (20.43%) Foreign Exchange (FX)
3 140 (17.65%) Derivative
4 135 (17.02%) Equities
5 93 (11.73%) Hedge funds
6 59 (7.44%) Analytical Skills
7 29 (3.66%) Credit Risk
7 29 (3.66%) User Experience
8 24 (3.03%) Blog
8 24 (3.03%) Virtual Team
9 21 (2.65%) Data Structures
10 16 (2.02%) Management Information System
10 16 (2.02%) Market Risk
11 13 (1.64%) Greenfield Project
12 11 (1.39%) Mobile Banking
13 10 (1.26%) Enterprise Software
13 10 (1.26%) Eurex
14 9 (1.13%) Algorithms
14 9 (1.13%) Credit Derivative
15 8 (1.01%) Reference Data
Operating Systems
1 113 (14.25%) Linux
2 69 (8.70%) Windows
3 68 (8.58%) Unix
4 10 (1.26%) Windows Server
5 5 (0.63%) Solaris
5 5 (0.63%) Windows Server 2019
6 4 (0.50%) Windows 10
6 4 (0.50%) Windows Server 2008
6 4 (0.50%) Windows Server 2012
6 4 (0.50%) Windows Server 2016
7 3 (0.38%) Apple iOS
7 3 (0.38%) Red Hat Enterprise Linux
7 3 (0.38%) Windows XP
8 2 (0.25%) Windows 7
9 1 (0.13%) AIX
9 1 (0.13%) SUSE Linux Enterprise Server
Processes & Methodologies
1 291 (36.70%) Agile Software Development
2 104 (13.11%) Asset Management
3 103 (12.99%) Software Engineering
4 100 (12.61%) Low Latency
4 100 (12.61%) Multithreading
5 99 (12.48%) TDD
6 92 (11.60%) Investment Management
7 89 (11.22%) Electronic Trading
8 78 (9.84%) DevOps
9 73 (9.21%) Scrum
10 68 (8.58%) Analytics
10 68 (8.58%) SDLC
11 66 (8.32%) Business Analysis
12 63 (7.94%) Problem-Solving
12 63 (7.94%) Test Automation
13 60 (7.57%) Risk Management
14 51 (6.43%) BDD
15 50 (6.31%) OO
16 49 (6.18%) Computer Science
17 47 (5.93%) Mathematics
Programming Languages
1 407 (51.32%) Java
2 205 (25.85%) Python
3 198 (24.97%) SQL
4 145 (18.28%) C#
5 140 (17.65%) JavaScript
6 98 (12.36%) C++
7 39 (4.92%) Kotlin
7 39 (4.92%) Scala
8 32 (4.04%) TypeScript
9 16 (2.02%) Java 8
9 16 (2.02%) T-SQL
10 13 (1.64%) VBA
11 12 (1.51%) C
12 9 (1.13%) PL/SQL
12 9 (1.13%) PowerShell
13 8 (1.01%) ES6
13 8 (1.01%) Perl
13 8 (1.01%) R
13 8 (1.01%) VB
14 4 (0.50%) Shell Script
Qualifications
1 43 (5.42%) Degree
2 20 (2.52%) Numerate Degree
3 15 (1.89%) Computer Science Degree
4 11 (1.39%) PhD
5 4 (0.50%) CISSP
5 4 (0.50%) SC Cleared
5 4 (0.50%) Security Cleared
6 3 (0.38%) Cisco Certification
6 3 (0.38%) ITIL Certification
7 2 (0.25%) (ISC)2 CCSP
7 2 (0.25%) CCSP
7 2 (0.25%) CISM
7 2 (0.25%) CREST Certified
7 2 (0.25%) GCFA
7 2 (0.25%) GCIA
7 2 (0.25%) GCIH
7 2 (0.25%) ISTQB
7 2 (0.25%) Microsoft Certification
7 2 (0.25%) TOGAF Certification
8 1 (0.13%) ITIL Foundation Certificate
Quality Assurance & Compliance
1 15 (1.89%) QA
2 10 (1.26%) Data Quality
3 9 (1.13%) COREP
4 4 (0.50%) NIST
4 4 (0.50%) PMO
5 3 (0.38%) ISO 20022
6 2 (0.25%) COBIT
6 2 (0.25%) Dodd-Frank
6 2 (0.25%) FINREP
6 2 (0.25%) PSD2
6 2 (0.25%) TARGET2
7 1 (0.13%) Basel III
7 1 (0.13%) CRD IV
7 1 (0.13%) ISO/IEC 20000
7 1 (0.13%) ISO/IEC 27001
7 1 (0.13%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
System Software
1 35 (4.41%) Docker
2 18 (2.27%) Active Directory
3 5 (0.63%) VMware Infrastructure
4 4 (0.50%) VMware ESXi
5 3 (0.38%) GridGain
5 3 (0.38%) Virtual Desktop
6 1 (0.13%) Apache Flume
6 1 (0.13%) HDFS
6 1 (0.13%) Microsoft App-V
6 1 (0.13%) XenApp
6 1 (0.13%) XenDesktop
Systems Management
1 35 (4.41%) Kubernetes
2 15 (1.89%) Ansible
3 11 (1.39%) Terraform
4 9 (1.13%) ITRS Geneos
5 7 (0.88%) BladeLogic
6 4 (0.50%) Microsoft Clustering
7 3 (0.38%) Opscode Chef
7 3 (0.38%) Puppet
8 2 (0.25%) Consul
8 2 (0.25%) CSIRT
8 2 (0.25%) Grafana
8 2 (0.25%) Prometheus
8 2 (0.25%) SCCM
8 2 (0.25%) Single Sign-On
9 1 (0.13%) Cisco CUCM
9 1 (0.13%) Cisco UCCX
9 1 (0.13%) Control-M
9 1 (0.13%) IBM BigFix
9 1 (0.13%) Microsoft Intune
9 1 (0.13%) TrustSec
Vendors
1 77 (9.71%) Oracle
2 32 (4.04%) Microsoft
3 31 (3.91%) ION Trading
4 29 (3.66%) Google
5 28 (3.53%) Sybase
6 22 (2.77%) Atlassian
7 21 (2.65%) Bloomberg
7 21 (2.65%) Murex
8 14 (1.77%) SunGard
9 11 (1.39%) FIS
10 10 (1.26%) MarketAxess
10 10 (1.26%) Tradeweb
11 9 (1.13%) TIBCO
12 8 (1.01%) DevExpress
12 8 (1.01%) IBM
12 8 (1.01%) Splunk
13 7 (0.88%) Reuters
13 7 (0.88%) Solace
13 7 (0.88%) Telerik
13 7 (0.88%) VMware