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 cited Investment Banking over the 6 months leading up to 26 July 2024, comparing them to the same period in the previous two years.

6 months to
26 Jul 2024
Same period 2023 Same period 2022
Rank 141 128 124
Rank change year-on-year -13 -4 +24
Contract jobs citing Investment Banking 671 1,103 1,875
As % of all contract jobs advertised in the UK 1.67% 2.03% 2.10%
As % of the General category 2.92% 3.45% 3.63%
Number of daily rates quoted 530 799 1,397
10th Percentile £500 £498 £525
25th Percentile £600 £574 £618
Median daily rate (50th Percentile) £750 £700 £725
Median % change year-on-year +7.14% -3.45% +11.54%
75th Percentile £879 £825 £825
90th Percentile £888 £963 £888
UK excluding London median daily rate £400 £550 £475
% change year-on-year -27.27% +15.79% -5.00%
Number of hourly rates quoted 2 6 8
10th Percentile £20.83 £16.75 £26.00
25th Percentile £24.70 £28.86 £36.69
Median hourly rate £31.77 £66.56 £43.75
Median % change year-on-year -52.27% +52.14% +153.62%
75th Percentile £38.22 £69.69 £60.63
90th Percentile £41.71 £70.00 £69.93
UK excluding London median hourly rate £31.77 £66.56 £40.50
% change year-on-year -52.27% +64.35% +134.78%

All General Skills
UK

Investment Banking falls under the General Skills category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring common skills.

Contract vacancies with a requirement for common skills 23,017 32,002 51,583
As % of all contract IT jobs advertised in the UK 57.31% 58.89% 57.75%
Number of daily rates quoted 14,520 21,952 35,872
10th Percentile £287 £313 £325
25th Percentile £413 £431 £440
Median daily rate (50th Percentile) £525 £550 £550
Median % change year-on-year -4.55% - +10.00%
75th Percentile £650 £675 £650
90th Percentile £775 £775 £750
UK excluding London median daily rate £494 £500 £494
% change year-on-year -1.20% +1.16% +9.83%
Number of hourly rates quoted 1,537 1,068 1,355
10th Percentile £13.67 £13.99 £13.00
25th Percentile £16.30 £16.77 £15.25
Median hourly rate £36.17 £30.54 £25.00
Median % change year-on-year +18.42% +22.16% +28.21%
75th Percentile £57.50 £60.00 £48.75
90th Percentile £70.00 £71.46 £63.00
UK excluding London median hourly rate £37.50 £26.25 £20.00
% change year-on-year +42.86% +31.25% +14.29%

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 26 July 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
Hourly Rate Histogram

Hourly rate distribution of jobs citing Investment Banking over the 6 months to 26 July 2024.

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 26 July 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 -19 638 £775 +10.71% 101
London -8 605 £800 +14.29% 73
Work from Home +62 328 £800 +10.34% 13
UK excluding London +21 41 £400 -27.27% 80
South East +38 14 - - 47
North of England +11 11 £700 +55.56% 4
Scotland +22 10 £335 -44.17% 1
North West +14 6 £725 +61.11% 4
Yorkshire - 4 £700 -
South West - 3 £463 - 1
West Midlands +14 2 £754 +31.09% 21
Midlands +13 2 £754 +31.09% 21
Northern Ireland +1 1 £150 -70.00% 6
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
1 205 (30.55%) Apache
2 184 (27.42%) Apache Airflow
3 14 (2.09%) Apache Spark
4 7 (1.04%) Confluence
5 6 (0.89%) Microsoft Exchange
6 4 (0.60%) SharePoint
7 3 (0.45%) CMS
7 3 (0.45%) Headless CMS
7 3 (0.45%) nginx
8 2 (0.30%) Adobe Experience Manager
9 1 (0.15%) GemFire
9 1 (0.15%) IIS
9 1 (0.15%) Oracle Coherence
9 1 (0.15%) WebSphere
Applications
1 17 (2.53%) Microsoft Excel
2 6 (0.89%) Microsoft PowerPoint
3 5 (0.75%) Microsoft Office
4 2 (0.30%) Sketch
5 1 (0.15%) Microsoft Project
5 1 (0.15%) MS Visio
5 1 (0.15%) Spreadsheet
Business Applications
1 26 (3.87%) Aladdin
2 3 (0.45%) Orchestrade
3 2 (0.30%) Eagle PACE
3 2 (0.30%) ION Anvil
3 2 (0.30%) ION MarketView
3 2 (0.30%) Markit EDM
3 2 (0.30%) SAP S/4HANA
4 1 (0.15%) HiPortfolio
4 1 (0.15%) Misys Opics
4 1 (0.15%) SAP CO
4 1 (0.15%) SAP ERP
4 1 (0.15%) SAP FI
4 1 (0.15%) SAP FI/CO
Cloud Services
1 261 (38.90%) AWS
2 202 (30.10%) dbt
3 179 (26.68%) Snowflake
4 126 (18.78%) GCP
5 52 (7.75%) Azure
6 30 (4.47%) Power Platform
7 28 (4.17%) Amazon ECS
8 26 (3.87%) Amazon EC2
8 26 (3.87%) Amazon EKS
9 11 (1.64%) Azure DevOps
10 7 (1.04%) Amazon S3
10 7 (1.04%) Amazon SQS
11 6 (0.89%) Serverless
12 5 (0.75%) Azure AKS
12 5 (0.75%) Azure Key Vault
12 5 (0.75%) Cloud Run
12 5 (0.75%) Dynamics 365
12 5 (0.75%) npm
12 5 (0.75%) Power Automate
12 5 (0.75%) Yarn
Communications & Networking
1 17 (2.53%) Firewall
2 14 (2.09%) Cisco Nexus
2 14 (2.09%) DMZ
2 14 (2.09%) VPN
3 6 (0.89%) FIX Connectivity
3 6 (0.89%) SSH
4 3 (0.45%) AMQP
4 3 (0.45%) Internet
4 3 (0.45%) TCP/IP
5 2 (0.30%) DNS
6 1 (0.15%) Cisco IOS
6 1 (0.15%) DHCP
6 1 (0.15%) Kerberos
6 1 (0.15%) LAN
6 1 (0.15%) Network Security
6 1 (0.15%) Unified Communications
6 1 (0.15%) WAN
6 1 (0.15%) WPA
Database & Business Intelligence
1 202 (30.10%) Apache Arrow
1 202 (30.10%) Dremio
2 190 (28.32%) Data Lake
3 185 (27.57%) Amazon Athena
4 184 (27.42%) Apache Ignite
5 31 (4.62%) Big Data
6 30 (4.47%) SQL Server
7 25 (3.73%) Power BI
8 24 (3.58%) Relational Database
9 21 (3.13%) Tableau
10 15 (2.24%) KDB
11 14 (2.09%) NoSQL
12 11 (1.64%) MySQL
13 10 (1.49%) MongoDB
14 8 (1.19%) Apache Hive
14 8 (1.19%) BigQuery
14 8 (1.19%) Impala
15 6 (0.89%) Spark SQL
16 5 (0.75%) Elasticsearch
16 5 (0.75%) Oracle Database
Development Applications
1 32 (4.77%) Git
2 31 (4.62%) JIRA
3 28 (4.17%) Cucumber
4 19 (2.83%) Jenkins
5 15 (2.24%) Maven
6 10 (1.49%) TeamCity
7 9 (1.34%) Visual Studio
8 6 (0.89%) Bitbucket
8 6 (0.89%) JUnit
9 5 (0.75%) NUnit
9 5 (0.75%) PHPUnit
9 5 (0.75%) SpecFlow
10 4 (0.60%) Cypress.io
10 4 (0.60%) MSTest
11 3 (0.45%) Eclipse
11 3 (0.45%) Gradle
11 3 (0.45%) IntelliJ
11 3 (0.45%) MLflow
11 3 (0.45%) Mocha
11 3 (0.45%) Selenium
General
1 671 (100.00%) Banking
2 455 (67.81%) Finance
3 314 (46.80%) Front Office
4 110 (16.39%) Social Skills
5 60 (8.94%) Analytical Skills
6 31 (4.62%) Retail
6 31 (4.62%) Retail Banking
7 28 (4.17%) Corporate Banking
8 16 (2.38%) Financial Institution
9 9 (1.34%) Wholesale Banking
10 8 (1.19%) Back Office
11 6 (0.89%) Presentation Skills
11 6 (0.89%) Public Sector
12 4 (0.60%) Organisational Skills
12 4 (0.60%) Publishing
13 3 (0.45%) Public Speaking
14 2 (0.30%) Inclusion and Diversity
14 2 (0.30%) Legal
14 2 (0.30%) Marketing
15 1 (0.15%) Advertising
Job Titles
1 254 (37.85%) Developer
2 130 (19.37%) Analyst
3 125 (18.63%) Software Engineer
4 115 (17.14%) Senior
5 93 (13.86%) Java Developer
6 84 (12.52%) Business Analyst
7 83 (12.37%) Java Engineer
8 82 (12.22%) Lead
9 75 (11.18%) Java Software Engineer
9 75 (11.18%) Python Engineer
10 72 (10.73%) Python Software Engineer
11 71 (10.58%) AWS Engineer
11 71 (10.58%) AWS Software Engineer
12 67 (9.99%) Architect
13 62 (9.24%) Solutions Architect
14 60 (8.94%) Senior Software Engineer
15 55 (8.20%) Developer/Software Engineer
15 55 (8.20%) Software Developer
16 51 (7.60%) Lead Developer
17 48 (7.15%) Team Leader
Libraries, Frameworks & Software Standards
1 186 (27.72%) gRPC
2 183 (27.27%) NumPy
2 183 (27.27%) Pandas
2 183 (27.27%) Protocol Buffers
2 183 (27.27%) SciPy
3 48 (7.15%) .NET
4 43 (6.41%) React
5 32 (4.77%) FIX Protocol
6 25 (3.73%) PySpark
7 21 (3.13%) .NET Framework
8 20 (2.98%) REST
9 18 (2.68%) Spring
10 17 (2.53%) AngularJS
11 15 (2.24%) HTML
12 14 (2.09%) CSS
13 13 (1.94%) Kafka
14 12 (1.79%) Middleware
15 11 (1.64%) ASP.NET
15 11 (1.64%) HTML5
15 11 (1.64%) RESTful
Miscellaneous
1 284 (42.32%) Derivative
2 262 (39.05%) Fixed Income
3 257 (38.30%) Foreign Exchange (FX)
4 252 (37.56%) Equities
5 235 (35.02%) Hedge funds
6 56 (8.35%) Product Ownership
7 24 (3.58%) Pricing Data
8 23 (3.43%) Algorithms
9 20 (2.98%) Equity Derivative
10 15 (2.24%) Credit Risk
11 14 (2.09%) Market Risk
12 11 (1.64%) Data Structures
13 10 (1.49%) OTC Derivatives
14 9 (1.34%) Management Information System
15 8 (1.19%) Enterprise Software
15 8 (1.19%) Reference Data
16 7 (1.04%) Distributed Computing
16 7 (1.04%) Virtual Team
17 6 (0.89%) Linux Command Line
17 6 (0.89%) Mobile App
Operating Systems
1 46 (6.86%) Windows
2 39 (5.81%) Linux
3 35 (5.22%) Unix
4 3 (0.45%) Android
5 2 (0.30%) Apple iOS
5 2 (0.30%) Red Hat Enterprise Linux
5 2 (0.30%) Solaris
5 2 (0.30%) Windows 10
5 2 (0.30%) Windows Server
6 1 (0.15%) Oracle Linux
Processes & Methodologies
1 322 (47.99%) Agile
2 247 (36.81%) Asset Management
3 222 (33.08%) Software Engineering
4 163 (24.29%) Investment Management
5 97 (14.46%) Line Management
6 67 (9.99%) DevOps
7 66 (9.84%) Problem-Solving
8 53 (7.90%) Greeks
9 51 (7.60%) Analytics
9 51 (7.60%) Migration
10 48 (7.15%) Wealth Management
11 41 (6.11%) Business Analysis
11 41 (6.11%) SDLC
12 40 (5.96%) Design Patterns
12 40 (5.96%) OO
13 39 (5.81%) CI/CD
14 38 (5.66%) Microservices
15 37 (5.51%) Roadmaps
16 35 (5.22%) Test Automation
17 33 (4.92%) Electronic Trading
Programming Languages
1 312 (46.50%) Python
2 295 (43.96%) Java
3 206 (30.70%) JavaScript
4 204 (30.40%) TypeScript
5 187 (27.87%) SQL
6 70 (10.43%) C#
7 38 (5.66%) Scala
8 31 (4.62%) C++
9 18 (2.68%) PowerShell
10 13 (1.94%) T-SQL
11 11 (1.64%) Shell Script
12 9 (1.34%) Perl
12 9 (1.34%) VBA
13 8 (1.19%) Bash
14 7 (1.04%) PHP
15 6 (0.89%) Ruby
16 4 (0.60%) Data Analysis Expressions
16 4 (0.60%) Kotlin
16 4 (0.60%) R
17 3 (0.45%) Go
Qualifications
1 40 (5.96%) Degree
2 15 (2.24%) Computer Science Degree
3 9 (1.34%) Numerate Degree
3 9 (1.34%) Security Cleared
4 5 (0.75%) PMP
4 5 (0.75%) SC Cleared
5 3 (0.45%) Master's Degree
6 2 (0.30%) BPSS Clearance
6 2 (0.30%) PMI Certification
6 2 (0.30%) Six Sigma Black Belt
6 2 (0.30%) Six Sigma Green Belt
7 1 (0.15%) IIBA
7 1 (0.15%) PRINCE2 Certification
Quality Assurance & Compliance
1 70 (10.43%) Data Quality
2 24 (3.58%) QA
3 11 (1.64%) EMIR
4 7 (1.04%) MiFID
4 7 (1.04%) PMO
4 7 (1.04%) SLA
5 4 (0.60%) ISO/IEC 27001
6 3 (0.45%) Basel III
6 3 (0.45%) Cyber Essentials
6 3 (0.45%) Dodd-Frank
6 3 (0.45%) Sarbanes-Oxley
7 2 (0.30%) GDPR
8 1 (0.15%) Accessibility
8 1 (0.15%) Basel II
8 1 (0.15%) COBIT
8 1 (0.15%) COSO
8 1 (0.15%) GAAP
8 1 (0.15%) ISO 9001
8 1 (0.15%) ITGC
System Software
1 24 (3.58%) Docker
2 9 (1.34%) Active Directory
3 1 (0.15%) Cronacle
3 1 (0.15%) GridGain
3 1 (0.15%) HDFS
3 1 (0.15%) VMware ESXi
3 1 (0.15%) VMware Infrastructure
3 1 (0.15%) VMware NSX
3 1 (0.15%) XenApp
3 1 (0.15%) XenDesktop
Systems Management
1 30 (4.47%) Ansible
2 27 (4.02%) Kubernetes
3 11 (1.64%) Grafana
4 10 (1.49%) Terraform
5 5 (0.75%) ITRS Geneos
5 5 (0.75%) Prometheus
6 3 (0.45%) Puppet
7 1 (0.15%) Active Directory Federation Services
7 1 (0.15%) Argo
7 1 (0.15%) Control-M
7 1 (0.15%) EMC NetWorker
7 1 (0.15%) Kibana
7 1 (0.15%) PowerBroker
7 1 (0.15%) WSUS
Vendors
1 57 (8.49%) Bloomberg
2 28 (4.17%) Microsoft
3 24 (3.58%) BISAM
4 23 (3.43%) Oracle
5 22 (3.28%) Reuters
6 16 (2.38%) Cisco
7 14 (2.09%) CheckPoint
7 14 (2.09%) Fortinet
7 14 (2.09%) Google
7 14 (2.09%) Juniper
8 13 (1.94%) Blue Coat
9 7 (1.04%) Citrix
10 6 (0.89%) Databricks
10 6 (0.89%) IBM
10 6 (0.89%) Solace
10 6 (0.89%) TIBCO
11 5 (0.75%) Alteryx
11 5 (0.75%) Dynatrace
11 5 (0.75%) Murex
11 5 (0.75%) SmartStream