Period
to

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 28 June 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
28 Jun 2022
Same period 2021 Same period 2020
Rank 120 147 152
Rank change year-on-year +27 +5 +58
Contract jobs citing Investment Banking 1,873 1,226 737
As % of all contract jobs advertised in the UK 2.13% 1.91% 1.80%
As % of the General category 3.72% 3.60% 3.48%
Number of daily rates quoted 1,365 919 520
10th Percentile £525 £500 £438
25th Percentile £618 £563 £550
Median daily rate (50th Percentile) £725 £650 £625
Median % change year-on-year +11.54% +4.00% +13.64%
75th Percentile £825 £745 £725
90th Percentile £888 £800 £800
UK excluding London median daily rate £500 £480 £538
% change year-on-year +4.17% -10.70% +26.47%
Number of hourly rates quoted 8 4 1
10th Percentile £26.00 £14.03 -
25th Percentile £36.69 £19.31 £16.75
Median hourly rate £43.75 £32.25 £18.50
Median % change year-on-year +35.66% +74.32% +23.33%
75th Percentile £60.63 £43.00 £20.25
90th Percentile £69.93 - -
UK excluding London median hourly rate £40.50 £42.00 -
% change year-on-year -3.57% - -

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 50,377 34,017 21,168
As % of all contract IT jobs advertised in the UK 57.25% 52.92% 51.77%
Number of daily rates quoted 35,030 22,745 13,819
10th Percentile £325 £300 £263
25th Percentile £438 £400 £380
Median daily rate (50th Percentile) £550 £500 £475
Median % change year-on-year +10.00% +5.26% -
75th Percentile £650 £600 £588
90th Percentile £750 £700 £688
UK excluding London median daily rate £488 £445 £438
% change year-on-year +9.55% +1.71% +2.94%
Number of hourly rates quoted 1,396 1,200 829
10th Percentile £12.71 £11.90 £12.34
25th Percentile £15.25 £14.00 £15.00
Median hourly rate £24.00 £21.05 £20.03
Median % change year-on-year +14.01% +5.12% +2.09%
75th Percentile £47.50 £43.75 £40.75
90th Percentile £60.75 £56.50 £53.75
UK excluding London median hourly rate £19.96 £19.00 £19.50
% change year-on-year +5.03% -2.56% +5.62%

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 28 June 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 28 June 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 28 June 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
Jobs
England +7 1,806 £725 +11.54% 103
London +9 1,739 £725 +11.54% 92
Work from Home +97 670 £700 +7.69% 33
UK excluding London -16 84 £500 +4.17% 13
Scotland -9 28 £450 +4.65% 2
North of England -32 27 £588 -7.48% 3
North West -22 23 £625 -1.57% 3
South West -6 18 £500 - 3
South East -27 5 £550 -12.00% 1
Yorkshire - 4 £215 -
Northern Ireland +1 3 £294 -25.16%
West Midlands -31 2 £183 -54.38% 3
Midlands -38 2 £183 -63.50% 3
East of England -18 1 £450 -35.71% 1

For the 6 months to 28 June 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 1,873 (100.00%) Banking
2 830 (44.31%) Finance
3 580 (30.97%) Agile
4 548 (29.26%) Front Office
5 518 (27.66%) SQL
6 513 (27.39%) Java
7 509 (27.18%) Social Skills
8 412 (22.00%) Python
9 401 (21.41%) C#
10 301 (16.07%) Electronic Trading
11 294 (15.70%) .NET
12 264 (14.10%) Foreign Exchange (FX)
13 251 (13.40%) Multithreading
13 251 (13.40%) Azure
13 251 (13.40%) DevOps
14 218 (11.64%) Oracle
15 213 (11.37%) Analytical Skills
16 210 (11.21%) Fixed Income
17 202 (10.78%) CI/CD
18 194 (10.36%) Wealth Management
19 189 (10.09%) Test Automation
20 188 (10.04%) Microsoft
21 186 (9.93%) Problem-Solving
22 183 (9.77%) Linux
23 181 (9.66%) Low Latency
24 178 (9.50%) C++
25 177 (9.45%) JavaScript
26 175 (9.34%) Derivative
27 174 (9.29%) SQL Server
28 172 (9.18%) Git (software)

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 41 (2.19%) Apache Spark
1 41 (2.19%) Confluence
2 34 (1.82%) Mule
2 34 (1.82%) Red Hat Fuse
3 31 (1.66%) Apache
4 27 (1.44%) SharePoint
5 20 (1.07%) CMS
6 18 (0.96%) JBoss
7 16 (0.85%) WebSphere
8 10 (0.53%) Oracle Coherence
8 10 (0.53%) SAS
9 7 (0.37%) Oracle SOA Suite
10 6 (0.32%) Tomcat
11 5 (0.27%) Adobe Experience Manager
11 5 (0.27%) IIS
11 5 (0.27%) Oracle Workflow
12 4 (0.21%) IBM HTTP Server
12 4 (0.21%) MQSeries
12 4 (0.21%) WebLogic
13 3 (0.16%) IBM Notes
Applications
1 91 (4.86%) Microsoft Excel
2 31 (1.66%) Microsoft Office
3 27 (1.44%) Microsoft PowerPoint
4 22 (1.17%) Spreadsheet
5 20 (1.07%) MS Visio
6 15 (0.80%) Microsoft Project
7 8 (0.43%) Sketch
8 2 (0.11%) Adobe XD
8 2 (0.11%) Chatbot
9 1 (0.053%) Adobe Illustrator
9 1 (0.053%) InVision
Business Applications
1 20 (1.07%) ION MarketView
2 12 (0.64%) HiPortfolio
3 9 (0.48%) Fidessa
4 7 (0.37%) SunGard Martini
5 6 (0.32%) SAP Oil and Gas
6 4 (0.21%) CA PPM
7 3 (0.16%) Eikon
7 3 (0.16%) PeopleSoft HRMS
8 2 (0.11%) Endur
8 2 (0.11%) Orchestrade
8 2 (0.11%) PeopleSoft Financials
8 2 (0.11%) R3 Corda
9 1 (0.053%) Actimize
9 1 (0.053%) Bloomberg AIM
9 1 (0.053%) Loan IQ
9 1 (0.053%) Payment Gateway
9 1 (0.053%) RMDS
9 1 (0.053%) Salesforce.com CRM
9 1 (0.053%) SAP S/4HANA
9 1 (0.053%) Temenos Globus
Cloud Services
1 251 (13.40%) Azure
2 98 (5.23%) AWS
3 54 (2.88%) GCP
4 48 (2.56%) Azure Data Factory
5 27 (1.44%) Power Platform
6 24 (1.28%) Azure DevOps
6 24 (1.28%) Serverless
7 23 (1.23%) Azure Synapse Analytics
8 18 (0.96%) Azure AKS
9 17 (0.91%) SaaS
10 16 (0.85%) Snowflake
11 15 (0.80%) AWS Lambda
11 15 (0.80%) npm
12 14 (0.75%) OpenShift
13 13 (0.69%) Azure Active Directory
13 13 (0.69%) NuGet
14 11 (0.59%) Azure Service Bus
15 10 (0.53%) Microsoft 365
16 9 (0.48%) Azure Functions
17 8 (0.43%) PaaS
Communications & Networking
1 34 (1.82%) TCP/IP
2 27 (1.44%) Multicast
3 24 (1.28%) Firewall
4 21 (1.12%) RTMP
5 18 (0.96%) DSL
6 15 (0.80%) Wireshark
7 13 (0.69%) Network Security
8 11 (0.59%) NAS
8 11 (0.59%) VPN
9 9 (0.48%) BGP
9 9 (0.48%) FTP
9 9 (0.48%) SAN
10 7 (0.37%) Cisco Nexus
10 7 (0.37%) DHCP
10 7 (0.37%) DNS
10 7 (0.37%) OSPF
11 6 (0.32%) Cisco IOS
11 6 (0.32%) HTTP
11 6 (0.32%) LAN
11 6 (0.32%) MPLS
Database & Business Intelligence
1 174 (9.29%) SQL Server
2 155 (8.28%) Relational Database
3 60 (3.20%) Data Warehouse
4 55 (2.94%) Big Data
5 46 (2.46%) NoSQL
6 41 (2.19%) Delta Lake
7 39 (2.08%) Oracle Database
8 32 (1.71%) Oracle Database 12c
9 27 (1.44%) Power BI
10 25 (1.33%) MongoDB
11 22 (1.17%) MySQL
12 20 (1.07%) Data Lake
13 18 (0.96%) Metadata
13 18 (0.96%) Microsoft Analysis Services
13 18 (0.96%) PostgreSQL
14 16 (0.85%) Hadoop
15 15 (0.80%) RDBMS
16 14 (0.75%) Redis
17 13 (0.69%) Tableau
18 11 (0.59%) Neo4j
Development Applications
1 172 (9.18%) Git (software)
2 154 (8.22%) JIRA
3 153 (8.17%) TeamCity
4 116 (6.19%) Jenkins
5 97 (5.18%) Maven
6 56 (2.99%) Gradle
7 48 (2.56%) Subversion
8 46 (2.46%) Artifactory
9 41 (2.19%) Visual Studio
10 40 (2.14%) Bitbucket
11 35 (1.87%) GitLab
12 28 (1.49%) Selenium
13 26 (1.39%) JUnit
14 19 (1.01%) webpack
15 17 (0.91%) Cucumber
15 17 (0.91%) SpecFlow
16 16 (0.85%) jMock
16 16 (0.85%) Sonatype Nexus
17 15 (0.80%) PowerDesigner
18 14 (0.75%) kappa
General
1 1,873 (100.00%) Banking
2 830 (44.31%) Finance
3 548 (29.26%) Front Office
4 509 (27.18%) Social Skills
5 213 (11.37%) Analytical Skills
6 140 (7.47%) Retail
7 136 (7.26%) Retail Banking
8 130 (6.94%) Corporate Banking
9 62 (3.31%) Back Office
10 61 (3.26%) Presentation Skills
11 51 (2.72%) Legal
12 46 (2.46%) Financial Institution
13 19 (1.01%) Organisational Skills
14 13 (0.69%) Documentation Skills
14 13 (0.69%) Marketing
15 11 (0.59%) Influencing Skills
15 11 (0.59%) Prime Brokerage
16 10 (0.53%) Inclusion and Diversity
16 10 (0.53%) Private Banking
17 6 (0.32%) International Banking
Job Titles
1 887 (47.36%) Developer
2 318 (16.98%) Java Developer
3 281 (15.00%) Analyst
4 181 (9.66%) C# Developer
5 161 (8.60%) Senior Developer
6 153 (8.17%) Business Analyst
7 128 (6.83%) Banking Analyst
8 116 (6.19%) Python Developer
9 109 (5.82%) C# Developer - Investment Banking
9 109 (5.82%) Project Manager
10 107 (5.71%) Electronic Trading Developer
11 104 (5.55%) Architect
12 84 (4.48%) C++ Developer
13 83 (4.43%) Investment Banking Java Developer
14 81 (4.32%) Electronic Trading Java Developer
15 69 (3.68%) Senior Java Developer
16 68 (3.63%) Full Stack Developer
17 66 (3.52%) React Developer
18 63 (3.36%) Data Engineer
19 58 (3.10%) .NET Developer
Libraries, Frameworks & Software Standards
1 294 (15.70%) .NET
2 166 (8.86%) Spring
3 146 (7.79%) React
4 101 (5.39%) CSS
5 98 (5.23%) AngularJS
6 95 (5.07%) XML
7 94 (5.02%) REST
8 90 (4.81%) HTML
9 88 (4.70%) .NET Framework
10 87 (4.64%) RESTful
10 87 (4.64%) WPF
11 74 (3.95%) .NET Core
12 65 (3.47%) Middleware
13 64 (3.42%) Reactive Extensions
14 60 (3.20%) Rendezvous
15 49 (2.62%) Boost C++ Libraries
15 49 (2.62%) STL
16 47 (2.51%) ASP.NET
16 47 (2.51%) Kafka
17 43 (2.30%) Spring Boot
Miscellaneous
1 264 (14.10%) Foreign Exchange (FX)
2 210 (11.21%) Fixed Income
3 175 (9.34%) Derivative
4 84 (4.48%) User Experience
5 75 (4.00%) Equities
6 71 (3.79%) Algorithms
7 66 (3.52%) Market Risk
8 56 (2.99%) Data Structures
9 55 (2.94%) Virtual Team
10 52 (2.78%) Credit Risk
11 50 (2.67%) Greenfield Project
12 35 (1.87%) Clustering
13 29 (1.55%) Enterprise Software
14 25 (1.33%) Management Information System
15 24 (1.28%) Self-Motivation
16 21 (1.12%) Interest Rate Derivative
16 21 (1.12%) Swaptions
17 19 (1.01%) Credit Derivative
18 17 (0.91%) Public Cloud
19 16 (0.85%) Hedge funds
Operating Systems
1 183 (9.77%) Linux
2 170 (9.08%) Windows
3 127 (6.78%) Unix
4 30 (1.60%) Windows 10
5 17 (0.91%) Android
6 16 (0.85%) Apple iOS
7 15 (0.80%) Red Hat Enterprise Linux
8 7 (0.37%) Windows 7
9 6 (0.32%) Windows Server
10 5 (0.27%) Mac OS
11 3 (0.16%) zOS
12 1 (0.053%) Ubuntu
12 1 (0.053%) Windows XP
Processes & Methodologies
1 580 (30.97%) Agile
2 301 (16.07%) Electronic Trading
3 251 (13.40%) DevOps
3 251 (13.40%) Multithreading
4 202 (10.78%) CI/CD
5 194 (10.36%) Wealth Management
6 189 (10.09%) Test Automation
7 186 (9.93%) Problem-Solving
8 181 (9.66%) Low Latency
9 161 (8.60%) Scrum
10 153 (8.17%) SDLC
10 153 (8.17%) TDD
11 146 (7.79%) Project Management
12 141 (7.53%) Analytics
13 116 (6.19%) Migration
14 110 (5.87%) OO
15 105 (5.61%) Change Management
16 104 (5.55%) Stakeholder Management
17 103 (5.50%) Continuous Integration
18 101 (5.39%) Full Stack Development
Programming Languages
1 518 (27.66%) SQL
2 513 (27.39%) Java
3 412 (22.00%) Python
4 401 (21.41%) C#
5 178 (9.50%) C++
6 177 (9.45%) JavaScript
7 121 (6.46%) TypeScript
8 95 (5.07%) Scala
9 59 (3.15%) PowerShell
10 35 (1.87%) T-SQL
11 31 (1.66%) Bash
12 25 (1.33%) PL/SQL
13 24 (1.28%) Groovy
14 23 (1.23%) VBA
15 22 (1.17%) C
16 21 (1.12%) XAML
17 19 (1.01%) SPARQL
18 18 (0.96%) Perl
19 17 (0.91%) Shell Script
20 13 (0.69%) ES6
Qualifications
1 119 (6.35%) Degree
2 45 (2.40%) Computer Science Degree
3 26 (1.39%) Master's Degree
4 20 (1.07%) CFA
5 18 (0.96%) Numerate Degree
6 12 (0.64%) CISSP
7 11 (0.59%) CISM
8 10 (0.53%) PhD
9 9 (0.48%) MBA
9 9 (0.48%) PMP
10 6 (0.32%) ITIL Certification
11 5 (0.27%) PMI Certification
12 4 (0.21%) Cisco Certification
13 3 (0.16%) ISEB
13 3 (0.16%) Microsoft Certification
14 2 (0.11%) CCNA
14 2 (0.11%) CISA
14 2 (0.11%) ISTQB
14 2 (0.11%) ISTQB Foundation Certification
15 1 (0.053%) CRISC
Quality Assurance & Compliance
1 89 (4.75%) QA
2 41 (2.19%) PMO
3 22 (1.17%) Data Quality
4 17 (0.91%) MiFID
5 11 (0.59%) EMIR
6 10 (0.53%) GDPR
7 6 (0.32%) Accessibility
7 6 (0.32%) NIST
8 5 (0.27%) ISO 20022
8 5 (0.27%) ISO/IEC 27001
9 4 (0.21%) SLA
10 3 (0.16%) Basel III
10 3 (0.16%) COBIT
10 3 (0.16%) Dodd-Frank
10 3 (0.16%) ISO/IEC 27005
11 2 (0.11%) FATCA
11 2 (0.11%) GRC
11 2 (0.11%) IFRS
11 2 (0.11%) PSD2
11 2 (0.11%) SEPA
System Software
1 118 (6.30%) Docker
2 22 (1.17%) Active Directory
3 6 (0.32%) Virtual Desktop
4 4 (0.21%) HDFS
4 4 (0.21%) Oracle RAC
5 3 (0.16%) ProxySG
5 3 (0.16%) VMware Infrastructure
6 1 (0.053%) BitLocker
6 1 (0.053%) RACF
6 1 (0.053%) Time Sharing Option
6 1 (0.053%) Virtual Machines
Systems Management
1 115 (6.14%) Kubernetes
2 73 (3.90%) Ansible
3 43 (2.30%) ITRS Geneos
4 34 (1.82%) Terraform
5 33 (1.76%) BladeLogic
6 15 (0.80%) Single Sign-On
7 13 (0.69%) CA Single Sign-On
8 10 (0.53%) MIIS
8 10 (0.53%) Puppet
9 9 (0.48%) CSIRT
9 9 (0.48%) Docker Swarm
9 9 (0.48%) Mesos
9 9 (0.48%) Rancher
10 8 (0.43%) NetBackup
11 7 (0.37%) Control-M
11 7 (0.37%) Grafana
12 5 (0.27%) ZABBIX
13 4 (0.21%) Nexpose
14 3 (0.16%) HP Quality Center
14 3 (0.16%) SCCM
Vendors
1 218 (11.64%) Oracle
2 188 (10.04%) Microsoft
3 94 (5.02%) Databricks
4 65 (3.47%) TIBCO
5 50 (2.67%) Bloomberg
6 44 (2.35%) DevExpress
7 43 (2.30%) Sybase
8 38 (2.03%) ION Trading
9 33 (1.76%) IBM
9 33 (1.76%) Reuters
10 30 (1.60%) SAP
11 21 (1.12%) Cisco
11 21 (1.12%) Sun
12 19 (1.01%) Telerik
13 17 (0.91%) CA
14 15 (0.80%) BiZZdesign
14 15 (0.80%) Murex
15 14 (0.75%) Splunk
16 13 (0.69%) Azul
16 13 (0.69%) Vermilion