Period
to 18 January 2022

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 18 January 2022 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
18 Jan 2022
Same period 2021 Same period 2020
Rank 124 144 231
Rank change year-on-year +20 +87 -28
Contract jobs citing Investment Banking 1,810 739 842
As % of all contract jobs advertised in the UK 2.07% 1.82% 1.16%
As % of the General category 3.84% 3.49% 2.31%
Number of daily rates quoted 1,319 570 563
10th Percentile £525 £438 £356
25th Percentile £600 £525 £469
Median daily rate (50th Percentile) £700 £600 £588
Median % change year-on-year +16.67% +2.13% -1.26%
75th Percentile £775 £700 £675
90th Percentile £825 £763 £725
UK excluding London median daily rate £540 £431 £475
% change year-on-year +25.36% -9.32% +11.76%
Number of hourly rates quoted 11 1 11
10th Percentile £21.75 - £21.00
25th Percentile £41.00 £22.25 £29.75
Median hourly rate £46.24 £22.50 £44.00
Median % change year-on-year +105.51% -48.86% +193.33%
75th Percentile £65.00 £22.75 £46.00
90th Percentile - - -
UK excluding London median hourly rate £46.24 - £44.00
% change year-on-year - - +193.33%

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 47,109 21,156 36,458
As % of all contract IT jobs advertised in the UK 53.89% 52.10% 50.44%
Number of daily rates quoted 32,492 14,245 23,703
10th Percentile £313 £263 £235
25th Percentile £413 £375 £363
Median daily rate (50th Percentile) £525 £475 £465
Median % change year-on-year +10.53% +2.15% -2.11%
75th Percentile £638 £583 £575
90th Percentile £725 £675 £663
UK excluding London median daily rate £455 £425 £425
% change year-on-year +7.06% - -
Number of hourly rates quoted 1,352 842 1,406
10th Percentile £12.25 £11.75 £12.00
25th Percentile £13.25 £15.00 £14.27
Median hourly rate £20.00 £23.00 £18.70
Median % change year-on-year -13.04% +22.99% +1.08%
75th Percentile £43.75 £43.75 £38.00
90th Percentile £58.75 £52.50 £50.00
UK excluding London median hourly rate £16.78 £21.05 £17.80
% change year-on-year -20.29% +18.26% +1.71%

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 18 January 2022.

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
Hourly Rate Histogram

Hourly rate distribution of jobs citing Investment Banking over the 6 months to 18 January 2022.

Hourly rate histogram for Investment Banking in the UK

Investment Banking
Top 14 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 18 January 2022. 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 +21 1,677 £700 +15.70% 124
London +6 1,632 £700 +13.82% 113
Work from Home -23 219 £650 +18.18% 15
UK excluding London -20 130 £540 +25.36% 17
Scotland +19 97 £525 +10.53% 5
North of England - 13 £525 - 3
Yorkshire - 8 £600 - 1
South East -68 7 £550 +14.29% 1
Midlands -62 6 £550 +37.50% 3
North West - 5 £525 - 2
Northern Ireland -7 4 £500 +16.28% 1
West Midlands -60 3 £588 +46.88% 1
East Midlands - 3 £487 - 2
South West - 3 £463 -

For the 6 months to 18 January 2022, 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 1,810 (100.00%) Banking
2 702 (38.78%) Finance
3 626 (34.59%) Java
4 596 (32.93%) Agile Software Development
5 487 (26.91%) SQL
6 459 (25.36%) Front Office
7 414 (22.87%) Social Skills
8 347 (19.17%) Python
9 279 (15.41%) C#
10 245 (13.54%) Foreign Exchange (FX)
11 239 (13.20%) Azure
12 236 (13.04%) Multithreading
13 235 (12.98%) Electronic Trading
14 223 (12.32%) Fixed Income
15 212 (11.71%) .NET
16 207 (11.44%) DevOps
17 193 (10.66%) Git (software)
18 191 (10.55%) JIRA
19 185 (10.22%) Oracle
19 185 (10.22%) Scrum
20 183 (10.11%) Derivative
21 182 (10.06%) Spring
22 178 (9.83%) Linux
23 175 (9.67%) SDLC
24 174 (9.61%) Analytics
25 173 (9.56%) JavaScript
26 171 (9.45%) Relational Database
27 168 (9.28%) Problem-Solving
28 166 (9.17%) Microsoft
29 164 (9.06%) Jenkins

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
1 112 (6.19%) Apache Spark
2 63 (3.48%) Confluence
3 43 (2.38%) Mule
4 40 (2.21%) Red Hat Fuse
5 24 (1.33%) Apache
6 20 (1.10%) SharePoint
7 16 (0.88%) JBoss
8 13 (0.72%) Oracle Coherence
9 11 (0.61%) IIS
10 9 (0.50%) Tomcat
11 8 (0.44%) WebSphere
12 6 (0.33%) Ethereum
12 6 (0.33%) SAS
13 5 (0.28%) Apache Airflow
14 4 (0.22%) Elasticsearch
14 4 (0.22%) Skype for Business
14 4 (0.22%) WebLogic
15 3 (0.17%) Jupyter
15 3 (0.17%) Oracle SOA Suite
16 2 (0.11%) Hyperledger
Applications
1 77 (4.25%) Microsoft Excel
2 41 (2.27%) Microsoft PowerPoint
3 34 (1.88%) Microsoft Office
3 34 (1.88%) MS Visio
4 21 (1.16%) Microsoft Project
5 6 (0.33%) InVision
5 6 (0.33%) Sketch
6 3 (0.17%) Adobe Illustrator
6 3 (0.17%) Spreadsheet
7 2 (0.11%) Adobe XD
7 2 (0.11%) Chatbot
7 2 (0.11%) Photoshop
8 1 (0.055%) Oracle Smart View
Business Applications
1 28 (1.55%) ION MarketView
2 25 (1.38%) SunGard Martini
3 8 (0.44%) Markit EDM
4 4 (0.22%) Bloomberg TOMS
4 4 (0.22%) Loan IQ
5 2 (0.11%) CA PPM
5 2 (0.11%) Orchestrade
5 2 (0.11%) R3 Corda
5 2 (0.11%) SAP S/4HANA
5 2 (0.11%) Summit
5 2 (0.11%) SunGard GMI
6 1 (0.055%) Distributed Ledger
6 1 (0.055%) Dynamics CRM
6 1 (0.055%) Hyperion Planning
6 1 (0.055%) PeopleSoft Financials
Cloud Services
1 239 (13.20%) Azure
2 76 (4.20%) AWS
3 38 (2.10%) Azure Data Factory
4 37 (2.04%) Azure Synapse Analytics
4 37 (2.04%) GitHub
5 28 (1.55%) GCP
5 28 (1.55%) OpenShift
6 22 (1.22%) Power Platform
7 20 (1.10%) npm
8 17 (0.94%) AWS CloudFormation
8 17 (0.94%) Yarn
9 16 (0.88%) PaaS
9 16 (0.88%) Serverless
10 15 (0.83%) Azure Active Directory
11 12 (0.66%) Azure Service Bus
12 10 (0.55%) AWS Lambda
12 10 (0.55%) IaaS
13 7 (0.39%) Cloud Functions
13 7 (0.39%) Microsoft 365
14 6 (0.33%) Azure Cosmos DB
Communications & Networking
1 38 (2.10%) TCP/IP
2 21 (1.16%) Network Security
3 15 (0.83%) HTTP
4 10 (0.55%) SSL
5 9 (0.50%) Firewall
5 9 (0.50%) RTMP
6 8 (0.44%) DSL
7 7 (0.39%) DNS
7 7 (0.39%) Internet
8 5 (0.28%) FTP
8 5 (0.28%) Skype
9 4 (0.22%) DHCP
9 4 (0.22%) IPFS
10 3 (0.17%) Multicast
10 3 (0.17%) SSH
11 2 (0.11%) Cisco ISE
11 2 (0.11%) Intranet
11 2 (0.11%) Kerberos
11 2 (0.11%) NAS
11 2 (0.11%) VoIP
Database & Business Intelligence
1 171 (9.45%) Relational Database
2 134 (7.40%) SQL Server
3 103 (5.69%) Big Data
4 90 (4.97%) Data Warehouse
5 59 (3.26%) Oracle Database
6 55 (3.04%) MongoDB
7 53 (2.93%) NoSQL
8 36 (1.99%) RDBMS
9 33 (1.82%) Apache Hive
9 33 (1.82%) Oracle Database 12c
10 32 (1.77%) Hadoop
11 28 (1.55%) Metadata
11 28 (1.55%) Tableau
12 26 (1.44%) HBase
13 23 (1.27%) Data Lake
14 20 (1.10%) Microsoft Analysis Services
14 20 (1.10%) MySQL
14 20 (1.10%) Power BI
15 19 (1.05%) Apache Cassandra
15 19 (1.05%) PostgreSQL
Development Applications
1 193 (10.66%) Git (software)
2 191 (10.55%) JIRA
3 164 (9.06%) Jenkins
4 107 (5.91%) TeamCity
5 100 (5.52%) Maven
6 68 (3.76%) GitLab
7 46 (2.54%) Cucumber
7 46 (2.54%) Selenium
8 45 (2.49%) Bitbucket
8 45 (2.49%) Subversion
9 35 (1.93%) Gradle
9 35 (1.93%) Visual Studio
10 33 (1.82%) Hudson
11 32 (1.77%) Artifactory
12 31 (1.71%) Robot Framework
13 29 (1.60%) JUnit
14 27 (1.49%) Oracle APEX
15 25 (1.38%) CppUnit
16 24 (1.33%) webpack
17 20 (1.10%) Karma Test Runner
General
1 1,810 (100.00%) Banking
2 702 (38.78%) Finance
3 459 (25.36%) Front Office
4 414 (22.87%) Social Skills
5 151 (8.34%) Analytical Skills
6 87 (4.81%) Retail Banking
7 85 (4.70%) Retail
8 73 (4.03%) Corporate Banking
9 50 (2.76%) Legal
10 45 (2.49%) Presentation Skills
11 41 (2.27%) Back Office
12 37 (2.04%) Organisational Skills
13 26 (1.44%) Financial Institution
14 20 (1.10%) Documentation Skills
15 19 (1.05%) Marketing
16 16 (0.88%) Influencing Skills
17 13 (0.72%) General Ledger
18 12 (0.66%) Public Speaking
19 11 (0.61%) Inclusion and Diversity
20 10 (0.55%) Advertising
Job Titles
1 864 (47.73%) Developer
2 360 (19.89%) Java Developer
3 268 (14.81%) Analyst
4 177 (9.78%) Business Analyst
5 136 (7.51%) Senior Developer
6 121 (6.69%) Architect
7 117 (6.46%) C# Developer
8 112 (6.19%) Investment Banking Java Developer
9 110 (6.08%) Banking Analyst
10 84 (4.64%) Project Manager
11 79 (4.36%) Senior Java Developer
12 69 (3.81%) Electronic Trading Developer
12 69 (3.81%) Python Developer
13 68 (3.76%) Investment Banking Business Analyst
14 66 (3.65%) C# Developer - Investment Banking
14 66 (3.65%) Solutions Architect
15 65 (3.59%) Front Office Developer
16 64 (3.54%) Consultant
17 63 (3.48%) React Developer
18 61 (3.37%) C++ Developer
Libraries, Frameworks & Software Standards
1 212 (11.71%) .NET
2 182 (10.06%) Spring
3 151 (8.34%) HTML
4 137 (7.57%) React
5 120 (6.63%) AngularJS
6 110 (6.08%) REST
7 103 (5.69%) CSS
8 96 (5.30%) RESTful
9 83 (4.59%) Kafka
10 82 (4.53%) XML
11 81 (4.48%) .NET Framework
12 75 (4.14%) Hibernate
12 75 (4.14%) Middleware
13 62 (3.43%) JSON
13 62 (3.43%) Node.js
14 57 (3.15%) Rendezvous
15 56 (3.09%) WPF
16 55 (3.04%) HTML5
17 53 (2.93%) Spring Boot
18 52 (2.87%) .NET Core
Miscellaneous
1 245 (13.54%) Foreign Exchange (FX)
2 223 (12.32%) Fixed Income
3 183 (10.11%) Derivative
4 111 (6.13%) Equities
5 98 (5.41%) Data Structures
6 89 (4.92%) User Experience
7 77 (4.25%) Algorithms
8 71 (3.92%) Virtual Team
9 62 (3.43%) Market Risk
10 52 (2.87%) Credit Risk
11 50 (2.76%) Management Information System
12 38 (2.10%) Public Cloud
13 34 (1.88%) Greenfield Project
14 30 (1.66%) Credit Derivative
14 30 (1.66%) Self-Motivation
15 27 (1.49%) Equity Derivative
16 26 (1.44%) SCADA
17 25 (1.38%) Clustering
18 24 (1.33%) Mobile App
19 22 (1.22%) OTC Derivatives
Operating Systems
1 178 (9.83%) Linux
2 163 (9.01%) Unix
3 141 (7.79%) Windows
4 26 (1.44%) Apple iOS
5 25 (1.38%) Android
6 7 (0.39%) Red Hat Enterprise Linux
6 7 (0.39%) Windows Server
7 5 (0.28%) Windows Server 2008
7 5 (0.28%) Windows Server 2012
8 4 (0.22%) Windows 10
8 4 (0.22%) Windows Server 2016
8 4 (0.22%) Windows Server 2019
9 3 (0.17%) Mac OS
9 3 (0.17%) Solaris
9 3 (0.17%) Windows 7
10 2 (0.11%) Ubuntu
11 1 (0.055%) AIX
11 1 (0.055%) Windows XP
Processes & Methodologies
1 596 (32.93%) Agile Software Development
2 236 (13.04%) Multithreading
3 235 (12.98%) Electronic Trading
4 207 (11.44%) DevOps
5 185 (10.22%) Scrum
6 175 (9.67%) SDLC
7 174 (9.61%) Analytics
8 168 (9.28%) Problem-Solving
9 151 (8.34%) Wealth Management
10 135 (7.46%) Low Latency
11 130 (7.18%) Algorithmic Trading
12 127 (7.02%) TDD
12 127 (7.02%) Test Automation
13 122 (6.74%) Data Modelling
14 119 (6.57%) Performance Tuning
15 115 (6.35%) Migration
16 110 (6.08%) Software Engineering
17 103 (5.69%) Microservices
17 103 (5.69%) Stakeholder Management
18 97 (5.36%) Unit Testing
Programming Languages
1 626 (34.59%) Java
2 487 (26.91%) SQL
3 347 (19.17%) Python
4 279 (15.41%) C#
5 173 (9.56%) JavaScript
6 151 (8.34%) C++
7 100 (5.52%) TypeScript
8 96 (5.30%) Java 8
9 75 (4.14%) Scala
10 41 (2.27%) PL/SQL
11 39 (2.15%) Shell Script
12 35 (1.93%) T-SQL
13 33 (1.82%) Perl
14 32 (1.77%) PowerShell
15 29 (1.60%) Bash
16 28 (1.55%) SPARQL
17 27 (1.49%) ES6
18 22 (1.22%) C
19 21 (1.16%) VBA
20 20 (1.10%) Java 9
Qualifications
1 63 (3.48%) Degree
2 25 (1.38%) Computer Science Degree
3 17 (0.94%) CISM
4 16 (0.88%) CISSP
5 14 (0.77%) PhD
6 13 (0.72%) CIMA
7 11 (0.61%) CRISC
8 10 (0.55%) CISA
8 10 (0.55%) PMI Certification
9 9 (0.50%) CGEIT
10 8 (0.44%) PMP
11 6 (0.33%) Numerate Degree
12 4 (0.22%) ISTQB
13 3 (0.17%) ISTQB Foundation Certification
14 2 (0.11%) ISTQB Advanced Certification
14 2 (0.11%) ITIL Certification
14 2 (0.11%) Master's Degree
14 2 (0.11%) SC Cleared
14 2 (0.11%) Security Cleared
15 1 (0.055%) CAPM
Quality Assurance & Compliance
1 75 (4.14%) QA
2 51 (2.82%) PMO
3 48 (2.65%) Data Quality
4 30 (1.66%) MiFID
5 24 (1.33%) IFRS
6 23 (1.27%) Dodd-Frank
7 17 (0.94%) EMIR
8 14 (0.77%) ISO/IEC 27005
9 13 (0.72%) Basel III
9 13 (0.72%) GAAP
10 11 (0.61%) Accessibility
10 11 (0.61%) FINREP
10 11 (0.61%) IFRS 9
11 10 (0.55%) COREP
11 10 (0.55%) NIST
12 8 (0.44%) Sarbanes-Oxley
13 5 (0.28%) FATCA
13 5 (0.28%) GDPR
14 4 (0.22%) CRD IV
14 4 (0.22%) ISO/IEC 27001
System Software
1 125 (6.91%) Docker
2 27 (1.49%) Active Directory
3 15 (0.83%) HDFS
4 4 (0.22%) Platform Symphony
4 4 (0.22%) Virtual Desktop
5 2 (0.11%) Oracle RAC
5 2 (0.11%) Virtual Machines
6 1 (0.055%) Active Directory Lightweight Directory Services
6 1 (0.055%) Oracle Clusterware
6 1 (0.055%) Virtual Servers
6 1 (0.055%) VMware Infrastructure
Systems Management
1 109 (6.02%) Kubernetes
2 68 (3.76%) Ansible
3 44 (2.43%) BladeLogic
3 44 (2.43%) Terraform
4 28 (1.55%) ITRS Geneos
5 11 (0.61%) Puppet
6 10 (0.55%) Control-M
7 8 (0.44%) HP Quality Center
7 8 (0.44%) Kibana
8 6 (0.33%) MIIS
8 6 (0.33%) Netcool
8 6 (0.33%) Pingdom
9 5 (0.28%) CSIRT
10 3 (0.17%) Data Guard
10 3 (0.17%) Opscode Chef
11 2 (0.11%) logstash
11 2 (0.11%) Microsoft Clustering
11 2 (0.11%) Microsoft Intune
11 2 (0.11%) Packer
12 1 (0.055%) WebSphere Cast Iron
Vendors
1 185 (10.22%) Oracle
2 166 (9.17%) Microsoft
3 75 (4.14%) ION Trading
4 73 (4.03%) Databricks
5 58 (3.20%) TIBCO
6 40 (2.21%) SAP
7 35 (1.93%) Sybase
8 34 (1.88%) Bloomberg
9 33 (1.82%) Hortonworks
10 31 (1.71%) IBM
11 29 (1.60%) Cloudera
12 28 (1.55%) Ab Initio
12 28 (1.55%) DevExpress
12 28 (1.55%) SunGard
13 26 (1.44%) FIS
14 21 (1.16%) BiZZdesign
15 20 (1.10%) Reuters
15 20 (1.10%) Salesforce.com
16 19 (1.05%) Google
17 15 (0.83%) Murex