Period
to 1 April 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 1 April 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
1 Apr 2020
Same period 2019 Same period 2018
Rank 227 215 149
Rank change year-on-year -12 -66 -16
Contract jobs citing Investment Banking 692 1,284 1,865
As % of all contract jobs advertised in the UK 1.11% 1.33% 1.84%
As % of the General category 2.99% 3.35% 4.43%
Number of daily rates quoted 477 974 1,369
Median daily rate £613 £575 £575
Median daily rate % change year-on-year +6.52% - -
10th Percentile £413 £363 £405
90th Percentile £738 £763 £740
UK excluding London median daily rate £430 £423 £443
% change year-on-year +1.78% -4.52% +4.12%
Number of hourly rates quoted 7 7 7
Median hourly rate £23.50 £15.00 £15.00
Median hourly rate % change year-on-year +56.67% - -47.08%
UK excluding London median hourly rate £44.00 - £16.86

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 23,148 38,340 42,092
As % of all contract IT jobs advertised in the UK 37.26% 39.78% 41.47%
Number of daily rates quoted 14,558 25,172 27,571
Median daily rate £480 £483 £475
Median daily rate % change year-on-year -0.52% +1.58% +5.56%
10th Percentile £275 £300 £280
90th Percentile £688 £675 £675
UK excluding London median daily rate £440 £438 £425
% change year-on-year +0.57% +2.94% +6.25%
Number of hourly rates quoted 839 1,023 1,103
Median hourly rate £24.10 £22.22 £21.90
Median hourly rate % change year-on-year +8.49% +1.44% +2.36%
10th Percentile £12.95 £11.85 £11.50
90th Percentile £51.75 £50.00 £48.14
Median hourly rate £21.57 £20.86 £21.25
% change year-on-year +3.43% -1.86% +6.25%

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 1 April 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
Hourly Rate Histogram

Hourly rate distribution of jobs citing Investment Banking over the 6 months to 1 April 2020.

Hourly rate histogram 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 1 April 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 +5 654 £625 +5.93% 67
London +4 630 £625 +4.17% 67
UK excluding London -56 60 £430 +1.78% 5
Scotland -55 33 £575 +43.75% 2
Work from Home +9 11 £425 +3.03% 3
East of England - 7 £425 -
Midlands +66 5 - -
West Midlands +54 5 - -
North of England -10 5 £175 -57.58%
North West -16 5 £175 -30.00%
South West +32 4 £365 -10.43%
Northern Ireland +11 4 £285 -13.64% 3
South East +82 2 £538 +7.50%

For the 6 months to 1 April 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.

1 692 (100.00%) Banking
2 310 (44.80%) Finance
3 295 (42.63%) Java
4 252 (36.42%) Agile Software Development
5 243 (35.12%) Front Office
6 163 (23.55%) Foreign Exchange (FX)
7 140 (20.23%) JavaScript
8 133 (19.22%) SQL
9 131 (18.93%) Python
10 122 (17.63%) Fixed Income
11 111 (16.04%) AngularJS
12 102 (14.74%) Derivative
13 100 (14.45%) Equities
14 94 (13.58%) C#
14 94 (13.58%) DevOps
15 89 (12.86%) Multithreading
16 88 (12.72%) Software Engineering
17 84 (12.14%) Spring
18 83 (11.99%) React
18 83 (11.99%) Azure
19 81 (11.71%) AWS
19 81 (11.71%) Asset Management
20 80 (11.56%) Web Services
21 78 (11.27%) TDD
22 70 (10.12%) SDLC
23 69 (9.97%) Oracle
24 68 (9.83%) Investment Management
24 68 (9.83%) Wealth Management
25 67 (9.68%) Analytical Skills
26 66 (9.54%) GCP

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 34 (4.91%) Apache Spark
2 16 (2.31%) Confluence
2 16 (2.31%) Elasticsearch
3 13 (1.88%) SharePoint
4 11 (1.59%) Apache
5 10 (1.45%) Oracle Coherence
6 5 (0.72%) WebLogic
7 4 (0.58%) GlassFish
7 4 (0.58%) JCAPS
7 4 (0.58%) SAS
7 4 (0.58%) WebSphere
7 4 (0.58%) WebSphere Application Server
8 3 (0.43%) IBM Notes
9 2 (0.29%) Cloud Foundry
10 1 (0.14%) Adobe Experience Manager
10 1 (0.14%) ColdFusion
10 1 (0.14%) Jupyter
10 1 (0.14%) Mule
10 1 (0.14%) SharePoint 2013
10 1 (0.14%) Tornado
Applications
1 31 (4.48%) Microsoft Excel
2 19 (2.75%) Microsoft Office
3 14 (2.02%) Sketch
4 6 (0.87%) Microsoft PowerPoint
5 4 (0.58%) Adobe After Effects
5 4 (0.58%) Adobe Premiere
5 4 (0.58%) Camtasia
5 4 (0.58%) InVision
5 4 (0.58%) OmniGraffle
5 4 (0.58%) UserZoom
6 3 (0.43%) Microsoft Project
6 3 (0.43%) MS Visio
6 3 (0.43%) Spreadsheet
7 2 (0.29%) Adobe Illustrator
7 2 (0.29%) Photoshop
8 1 (0.14%) Adobe Captivate
8 1 (0.14%) RoboHelp
Business Applications
1 8 (1.16%) ION MarketView
2 3 (0.43%) Markit EDM
2 3 (0.43%) PolarLake
3 2 (0.29%) Oracle Cash Management
3 2 (0.29%) Oracle FAH
3 2 (0.29%) Oracle General Ledger
3 2 (0.29%) Oracle Receivables
4 1 (0.14%) Eikon
4 1 (0.14%) FLEXCUBE
4 1 (0.14%) Front Arena
4 1 (0.14%) Misys Opics
4 1 (0.14%) Oracle AML
4 1 (0.14%) Oracle Assets
4 1 (0.14%) Oracle EBS
4 1 (0.14%) Oracle Financials
4 1 (0.14%) Oracle Payables
4 1 (0.14%) RMDS
Cloud Services
1 83 (11.99%) Azure
2 81 (11.71%) AWS
3 66 (9.54%) GCP
4 16 (2.31%) Amazon ECS
4 16 (2.31%) Amazon SQS
5 11 (1.59%) GitHub
5 11 (1.59%) OpenShift
6 10 (1.45%) PaaS
7 8 (1.16%) IaaS
8 7 (1.01%) Stackdriver
9 5 (0.72%) npm
9 5 (0.72%) SaaS
10 4 (0.58%) Cloud Computing
10 4 (0.58%) Office 365
10 4 (0.58%) SurveyMonkey
11 3 (0.43%) Azure Active Directory
11 3 (0.43%) Azure Data Factory
11 3 (0.43%) Serverless
12 2 (0.29%) Azure Functions
12 2 (0.29%) Power Platform
Communications & Networking
1 21 (3.03%) Cisco Nexus
2 19 (2.75%) Cisco IOS
2 19 (2.75%) LAN
2 19 (2.75%) NX-OS
3 18 (2.60%) Junos
3 18 (2.60%) Multicast
4 17 (2.46%) TCP/IP
5 16 (2.31%) BGP
5 16 (2.31%) OSPF
5 16 (2.31%) VPN
5 16 (2.31%) Wireless
5 16 (2.31%) Wireshark
6 15 (2.17%) EIGRP
6 15 (2.17%) Ethernet
6 15 (2.17%) MPLS
6 15 (2.17%) WLAN
7 14 (2.02%) Cisco ISE
7 14 (2.02%) Cisco Wireless
7 14 (2.02%) DWDM
7 14 (2.02%) IGMP
Database & Business Intelligence
1 53 (7.66%) SQL Server
2 41 (5.92%) Big Data
3 38 (5.49%) Relational Database
4 22 (3.18%) Hadoop
5 19 (2.75%) MongoDB
6 18 (2.60%) Apache Hive
7 17 (2.46%) Amazon Redshift
7 17 (2.46%) NoSQL
8 15 (2.17%) Data Warehouse
8 15 (2.17%) HBase
9 13 (1.88%) Spark SQL
10 12 (1.73%) Impala
11 11 (1.59%) Redis
12 9 (1.30%) RDBMS
13 7 (1.01%) Oracle Database
14 6 (0.87%) MS Access
15 5 (0.72%) BusinessObjects
15 5 (0.72%) SQL Server Integration Services
16 4 (0.58%) Apache Cassandra
16 4 (0.58%) KDB
Development Applications
1 54 (7.80%) JIRA
2 41 (5.92%) Git (software)
3 29 (4.19%) Maven
4 28 (4.05%) Jenkins
5 27 (3.90%) JUnit
6 19 (2.75%) Sonatype Nexus
7 18 (2.60%) Subversion
8 15 (2.17%) TeamCity
9 14 (2.02%) Axure RP
9 14 (2.02%) RStudio
10 12 (1.73%) NUnit
11 11 (1.59%) Bitbucket
11 11 (1.59%) Visual Studio
12 10 (1.45%) Artifactory
13 9 (1.30%) Mockito
14 8 (1.16%) Ant
14 8 (1.16%) Gradle
15 7 (1.01%) GitLab
16 6 (0.87%) SonarQube
17 5 (0.72%) Bitbucket Server
General
1 692 (100.00%) Banking
2 310 (44.80%) Finance
3 243 (35.12%) Front Office
4 61 (8.82%) Retail Banking
5 55 (7.95%) Retail
6 50 (7.23%) Corporate Banking
7 19 (2.75%) Back Office
8 13 (1.88%) Financial Institution
8 13 (1.88%) Marketing
9 12 (1.73%) Legal
10 8 (1.16%) Games
11 6 (0.87%) Publishing
12 5 (0.72%) German Language
12 5 (0.72%) Telecoms
13 4 (0.58%) Prime Brokerage
14 3 (0.43%) Electronics
14 3 (0.43%) French Language
14 3 (0.43%) Law
15 2 (0.29%) General Ledger
15 2 (0.29%) Private Banking
Job Titles
1 375 (54.19%) Developer
2 157 (22.69%) Java Developer
3 87 (12.57%) Analyst
4 56 (8.09%) C# Developer
5 52 (7.51%) Business Analyst
5 52 (7.51%) Senior Developer
6 48 (6.94%) Front Office Developer
7 47 (6.79%) Investment Banking Java Developer
8 44 (6.36%) Python Developer
9 39 (5.64%) AWS Developer
10 30 (4.34%) Full Stack Developer
11 29 (4.19%) Senior Java Developer
12 25 (3.61%) JavaScript Developer
13 23 (3.32%) Angular Developer
14 22 (3.18%) C# Developer - Investment Banking
14 22 (3.18%) Network Engineer
15 21 (3.03%) Architect
16 20 (2.89%) AWS Engineer
16 20 (2.89%) Electronic Trading Developer
16 20 (2.89%) Scala Developer
Libraries, Frameworks & Software Standards
1 111 (16.04%) AngularJS
2 84 (12.14%) Spring
3 83 (11.99%) React
4 80 (11.56%) Web Services
5 62 (8.96%) HTML
6 56 (8.09%) .NET
7 49 (7.08%) HTML5
8 44 (6.36%) CSS
9 43 (6.21%) Spring Boot
10 36 (5.20%) Node.js
11 31 (4.48%) Vue.js
12 30 (4.34%) Kafka
13 29 (4.19%) RESTful
14 28 (4.05%) Redux
14 28 (4.05%) WPF
15 25 (3.61%) J2EE
16 24 (3.47%) Middleware
17 23 (3.32%) Hibernate
18 22 (3.18%) XML
19 16 (2.31%) JMS
Miscellaneous
1 163 (23.55%) Foreign Exchange (FX)
2 122 (17.63%) Fixed Income
3 102 (14.74%) Derivative
4 100 (14.45%) Equities
5 67 (9.68%) Analytical Skills
6 64 (9.25%) Hedge funds
7 42 (6.07%) User Experience
8 34 (4.91%) Credit Risk
9 27 (3.90%) Greenfield Project
10 19 (2.75%) Algorithms
11 16 (2.31%) Data Centre
12 15 (2.17%) Blog
12 15 (2.17%) Management Information System
13 13 (1.88%) Data Structures
13 13 (1.88%) Virtual Team
14 11 (1.59%) Market Risk
15 10 (1.45%) Credit Derivative
15 10 (1.45%) Equity Derivative
16 9 (1.30%) Mobile Banking
16 9 (1.30%) Self-Motivation
Operating Systems
1 47 (6.79%) Linux
2 42 (6.07%) Windows
3 35 (5.06%) Unix
4 12 (1.73%) Windows 10
5 6 (0.87%) Windows 7
5 6 (0.87%) Windows Server
6 5 (0.72%) Android
7 4 (0.58%) Apple iOS
7 4 (0.58%) Mac OS
7 4 (0.58%) Red Hat Enterprise Linux
8 3 (0.43%) Solaris
9 1 (0.14%) Oracle Linux
Processes & Methodologies
1 252 (36.42%) Agile Software Development
2 94 (13.58%) DevOps
3 89 (12.86%) Multithreading
4 88 (12.72%) Software Engineering
5 81 (11.71%) Asset Management
6 78 (11.27%) TDD
7 70 (10.12%) SDLC
8 68 (9.83%) Investment Management
8 68 (9.83%) Wealth Management
9 61 (8.82%) Business Analysis
10 53 (7.66%) Problem-Solving
11 49 (7.08%) Low Latency
12 46 (6.65%) Electronic Trading
13 43 (6.21%) Migration
14 42 (6.07%) Risk Management
15 41 (5.92%) Computer Science
16 40 (5.78%) Microservices
16 40 (5.78%) Test Automation
17 39 (5.64%) Scrum
18 38 (5.49%) Portfolio Management
Programming Languages
1 295 (42.63%) Java
2 140 (20.23%) JavaScript
3 133 (19.22%) SQL
4 131 (18.93%) Python
5 94 (13.58%) C#
6 50 (7.23%) C++
7 39 (5.64%) Java 8
8 32 (4.62%) TypeScript
9 30 (4.34%) Scala
10 27 (3.90%) Perl
11 16 (2.31%) Kotlin
12 11 (1.59%) C
12 11 (1.59%) VBA
13 10 (1.45%) Bash Shell
14 8 (1.16%) ES6
14 8 (1.16%) PL/SQL
14 8 (1.16%) Shell Script
15 6 (0.87%) R
16 5 (0.72%) PowerShell
16 5 (0.72%) VB
Qualifications
1 55 (7.95%) Degree
2 25 (3.61%) Computer Science Degree
3 18 (2.60%) CCNP
3 18 (2.60%) Cisco Certification
4 15 (2.17%) CCNA
5 3 (0.43%) ITIL Certification
5 3 (0.43%) Master's Degree
6 2 (0.29%) MOS
7 1 (0.14%) CISA
7 1 (0.14%) CISM
7 1 (0.14%) CISSP
7 1 (0.14%) Citrix Certification
7 1 (0.14%) CRISC
7 1 (0.14%) ITIL Foundation Certificate
7 1 (0.14%) MBA
7 1 (0.14%) Microsoft Certification
7 1 (0.14%) Numerate Degree
7 1 (0.14%) OCA
7 1 (0.14%) OCP
7 1 (0.14%) Oracle Certification
Quality Assurance & Compliance
1 14 (2.02%) QA
2 13 (1.88%) Data Quality
3 8 (1.16%) Basel III
4 6 (0.87%) CRD IV
4 6 (0.87%) MiFID
4 6 (0.87%) PMO
5 5 (0.72%) Basel II
5 5 (0.72%) EMIR
6 4 (0.58%) Dodd-Frank
6 4 (0.58%) GDPR
7 2 (0.29%) IFRS
7 2 (0.29%) IFRS 9
7 2 (0.29%) ITGC
7 2 (0.29%) Sarbanes-Oxley
8 1 (0.14%) COREP
8 1 (0.14%) SLA
System Software
1 55 (7.95%) Docker
2 14 (2.02%) HDFS
3 9 (1.30%) Active Directory
4 3 (0.43%) VMware Infrastructure
5 2 (0.29%) Virtual Desktop
5 2 (0.29%) Virtual Machines
6 1 (0.14%) Citrix Hypervisor
6 1 (0.14%) Hyper-V
6 1 (0.14%) ProxySG
6 1 (0.14%) VMware ESXi
6 1 (0.14%) vSphere
6 1 (0.14%) XenApp
6 1 (0.14%) XenDesktop
Systems Management
1 42 (6.07%) Kubernetes
2 33 (4.77%) Terraform
3 28 (4.05%) Puppet
4 27 (3.90%) Ansible
5 20 (2.89%) Opscode Chef
6 14 (2.02%) Cacti
6 14 (2.02%) Cisco Prime
6 14 (2.02%) Nagios
6 14 (2.02%) NetMRI
6 14 (2.02%) Statseeker
6 14 (2.02%) ZABBIX
7 6 (0.87%) HP Quality Center
8 4 (0.58%) ITRS Geneos
9 3 (0.43%) Kibana
9 3 (0.43%) Mesos
10 2 (0.29%) Cisco CUCM
10 2 (0.29%) logstash
10 2 (0.29%) Rancher
10 2 (0.29%) RSA Archer
11 1 (0.14%) Microsoft Intune
Vendors
1 69 (9.97%) Oracle
2 44 (6.36%) Microsoft
3 43 (6.21%) Google
4 30 (4.34%) Bloomberg
5 27 (3.90%) Cisco
6 23 (3.32%) Murex
7 20 (2.89%) Juniper
8 16 (2.31%) NetScout
9 15 (2.17%) Solarflare
10 13 (1.88%) Splunk
11 12 (1.73%) Adobe
11 12 (1.73%) Sybase
12 11 (1.59%) ION Trading
13 10 (1.45%) Atlassian
14 9 (1.30%) HP
15 8 (1.16%) Dynatrace
16 7 (1.01%) MapR
16 7 (1.01%) Terracotta
17 6 (0.87%) IBM
17 6 (0.87%) Informatica