Period
to 10 May 2021

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 10 May 2021 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
10 May 2021
Same period 2020 Same period 2019
Rank 148 205 219
Rank change year-on-year +57 +14 -52
Contract jobs citing Investment Banking 991 667 1,262
As % of all contract jobs advertised in the UK 1.78% 1.29% 1.36%
As % of the General category 3.41% 2.55% 2.59%
Number of daily rates quoted 734 460 934
10th Percentile £469 £424 £344
25th Percentile £563 £525 £425
Median daily rate (50th Percentile) £650 £613 £550
Median % change year-on-year +6.12% +11.36% -4.35%
75th Percentile £725 £700 £650
90th Percentile £775 £775 £750
UK excluding London median daily rate £488 £525 £413
% change year-on-year -7.14% +27.27% -2.94%
Number of hourly rates quoted 1 3 12
Median hourly rate £22.50 £18.50 £15.00
Median % change year-on-year +21.62% +23.33% -
UK excluding London median hourly rate - £23.50 £39.00
% change year-on-year - -39.74% +133.81%

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 29,104 26,160 48,785
As % of all contract IT jobs advertised in the UK 52.26% 50.40% 52.53%
Number of daily rates quoted 19,521 16,963 32,080
10th Percentile £300 £250 £280
25th Percentile £400 £368 £375
Median daily rate (50th Percentile) £500 £475 £475
Median % change year-on-year +5.26% - +5.56%
75th Percentile £600 £582 £575
90th Percentile £690 £675 £666
UK excluding London median daily rate £430 £430 £425
% change year-on-year - +1.18% +1.19%
Number of hourly rates quoted 1,086 1,086 1,413
10th Percentile £12.00 £12.39 £10.75
25th Percentile £14.50 £15.00 £13.48
Median hourly rate £22.48 £20.00 £18.56
Median % change year-on-year +12.38% +7.76% +4.27%
75th Percentile £43.75 £39.29 £38.50
90th Percentile £54.00 £52.50 £48.75
UK excluding London median hourly rate £19.50 £18.90 £18.00
% change year-on-year +3.17% +5.00% +3.96%

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 10 May 2021.

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 11 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 10 May 2021. 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 +81 950 £650 +4.00% 112
London +22 929 £650 +4.00% 108
Work from Home -188 88 £570 +26.67% 8
UK excluding London +51 41 £488 -7.14% 8
Scotland -9 22 £415 -27.83% 3
North of England +52 9 £635 +262.86%
North West +24 9 £635 +262.86%
Northern Ireland +13 8 £393 +145.31% 1
East of England +25 1 £700 +64.71% 1
Midlands +17 1 £400 -27.27% 2
West Midlands +1 1 £400 - 2

For the 6 months to 10 May 2021, 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.

1 991 (100.00%) Banking
2 456 (46.01%) Java
3 401 (40.46%) Front Office
4 389 (39.25%) Finance
5 347 (35.02%) Agile Software Development
6 281 (28.36%) SQL
7 212 (21.39%) C#
8 208 (20.99%) Foreign Exchange (FX)
9 175 (17.66%) Social Skills
10 167 (16.85%) .NET
11 163 (16.45%) Multithreading
12 158 (15.94%) Python
13 151 (15.24%) Oracle
14 148 (14.93%) Low Latency
15 143 (14.43%) Spring
16 140 (14.13%) Derivative
16 140 (14.13%) DevOps
17 139 (14.03%) C++
18 138 (13.93%) Electronic Trading
19 137 (13.82%) Fixed Income
20 127 (12.82%) Git (software)
21 121 (12.21%) Scrum
22 120 (12.11%) Linux
23 109 (11.00%) TDD
24 105 (10.60%) Analytical Skills
25 100 (10.09%) Kafka
26 96 (9.69%) Scala
27 83 (8.38%) Degree
27 83 (8.38%) JavaScript
27 83 (8.38%) SQL Server

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 54 (5.45%) Apache Spark
2 46 (4.64%) Mule
3 38 (3.83%) Red Hat Fuse
4 31 (3.13%) Oracle Coherence
5 24 (2.42%) Confluence
6 19 (1.92%) Apache
7 14 (1.41%) JBoss
8 7 (0.71%) Oracle SOA Suite
9 6 (0.61%) IIS
10 4 (0.40%) DataSynapse
10 4 (0.40%) SharePoint
11 3 (0.30%) Apache Pig
11 3 (0.30%) SAS
11 3 (0.30%) Tomcat
11 3 (0.30%) WebSphere
12 2 (0.20%) Exchange Server 2013
12 2 (0.20%) Jupyter
12 2 (0.20%) MQSeries
12 2 (0.20%) MS Exchange
13 1 (0.10%) Mendix
Applications
1 19 (1.92%) Microsoft Excel
2 15 (1.51%) Microsoft Office
3 12 (1.21%) Microsoft PowerPoint
4 4 (0.40%) Microsoft Project
4 4 (0.40%) MS Visio
5 3 (0.30%) Chatbot
6 1 (0.10%) Adobe Illustrator
6 1 (0.10%) Photoshop
6 1 (0.10%) Spreadsheet
Business Applications
1 10 (1.01%) SunGard Martini
2 6 (0.61%) ION MarketView
2 6 (0.61%) Oracle Assets
2 6 (0.61%) Oracle EBS
2 6 (0.61%) Oracle E-Business Tax
2 6 (0.61%) Oracle FAH
2 6 (0.61%) Oracle Financials
2 6 (0.61%) Oracle General Ledger
2 6 (0.61%) Oracle Internet Expenses
2 6 (0.61%) Oracle iProcurement
2 6 (0.61%) Oracle Payables
2 6 (0.61%) Oracle Receivables
2 6 (0.61%) Oracle Subledger Accounting
3 2 (0.20%) Loan IQ
3 2 (0.20%) Orchestrade
3 2 (0.20%) Summit
4 1 (0.10%) Bloomberg TOMS
4 1 (0.10%) Eikon
4 1 (0.10%) Markit EDM
4 1 (0.10%) Temenos T24
Cloud Services
1 61 (6.16%) Azure
2 54 (5.45%) AWS
3 22 (2.22%) GCP
4 17 (1.72%) NuGet
5 14 (1.41%) Cloud Computing
5 14 (1.41%) OpenShift
6 12 (1.21%) GitHub
7 10 (1.01%) Azure Synapse Analytics
8 5 (0.50%) Apigee
9 4 (0.40%) AWS Lambda
9 4 (0.40%) Boomi
9 4 (0.40%) CloudBees
9 4 (0.40%) SaaS
9 4 (0.40%) Serverless
10 3 (0.30%) IaaS
11 2 (0.20%) npm
11 2 (0.20%) Power Platform
11 2 (0.20%) Salesforce Sales Cloud
11 2 (0.20%) Stackdriver
12 1 (0.10%) Azure Data Factory
Communications & Networking
1 21 (2.12%) Firewall
2 13 (1.31%) HTTP
2 13 (1.31%) Multicast
3 11 (1.11%) FIX Connectivity
4 8 (0.81%) TCP/IP
5 7 (0.71%) tcpdump
5 7 (0.71%) Wireshark
6 5 (0.50%) Kerberos
6 5 (0.50%) SSL
7 4 (0.40%) Cisco Nexus
7 4 (0.40%) NAS
8 2 (0.20%) OSPF
8 2 (0.20%) VLAN
9 1 (0.10%) Internet
9 1 (0.10%) Network Security
Database & Business Intelligence
1 83 (8.38%) SQL Server
2 56 (5.65%) Big Data
3 55 (5.55%) NoSQL
4 48 (4.84%) Relational Database
5 42 (4.24%) Data Warehouse
6 40 (4.04%) MongoDB
7 39 (3.94%) Hadoop
8 38 (3.83%) Apache Cassandra
9 20 (2.02%) Oracle Database
10 16 (1.61%) Hazelcast
11 15 (1.51%) Apache Hive
11 15 (1.51%) Flink
11 15 (1.51%) MySQL
11 15 (1.51%) Oracle Database 12c
12 13 (1.31%) Apache Ignite
13 12 (1.21%) Couchbase
13 12 (1.21%) HBase
13 12 (1.21%) Redis
14 10 (1.01%) Microsoft Analysis Services
14 10 (1.01%) Tableau
Development Applications
1 127 (12.82%) Git (software)
2 60 (6.05%) JIRA
3 46 (4.64%) Subversion
3 46 (4.64%) Visual Studio
4 40 (4.04%) Bitbucket
5 38 (3.83%) Maven
6 35 (3.53%) Jenkins
6 35 (3.53%) TeamCity
7 22 (2.22%) JUnit
8 20 (2.02%) Artifactory
9 17 (1.72%) Cucumber
10 14 (1.41%) jMock
11 13 (1.31%) Atlassian Bamboo
12 11 (1.11%) CppUnit
13 10 (1.01%) FishEye
13 10 (1.01%) Hudson
13 10 (1.01%) Oracle APEX
13 10 (1.01%) PowerDesigner
13 10 (1.01%) Selenium
14 9 (0.91%) Moq
General
1 991 (100.00%) Banking
2 401 (40.46%) Front Office
3 389 (39.25%) Finance
4 175 (17.66%) Social Skills
5 105 (10.60%) Analytical Skills
6 32 (3.23%) Back Office
7 28 (2.83%) Retail
8 26 (2.62%) Financial Institution
9 21 (2.12%) Retail Banking
10 20 (2.02%) Corporate Banking
11 16 (1.61%) Legal
12 11 (1.11%) French Language
13 9 (0.91%) Organisational Skills
13 9 (0.91%) Presentation Skills
14 8 (0.81%) Private Banking
15 6 (0.61%) Marketing
15 6 (0.61%) Public Sector
16 5 (0.50%) Prime Brokerage
17 4 (0.40%) Influencing Skills
17 4 (0.40%) International Banking
Job Titles
1 606 (61.15%) Developer
2 325 (32.80%) Java Developer
3 143 (14.43%) Senior Developer
4 122 (12.31%) Analyst
5 106 (10.70%) C# Developer
6 101 (10.19%) Front Office Developer
7 98 (9.89%) Investment Banking Java Developer
8 96 (9.69%) Senior Java Developer
9 78 (7.87%) Business Analyst
10 56 (5.65%) C# Developer - Investment Banking
11 54 (5.45%) C++ Developer
12 49 (4.94%) Electronic Trading Developer
13 46 (4.64%) Banking Analyst
14 45 (4.54%) SQL Developer
15 41 (4.14%) Electronic Trading Java Developer
15 41 (4.14%) Integration Developer
16 39 (3.94%) Consultant
17 38 (3.83%) Quantitative Developer
18 35 (3.53%) .NET Developer
18 35 (3.53%) Investment Banking C++ Developer
Libraries, Frameworks & Software Standards
1 167 (16.85%) .NET
2 143 (14.43%) Spring
3 100 (10.09%) Kafka
4 81 (8.17%) Middleware
5 80 (8.07%) AngularJS
5 80 (8.07%) REST
6 69 (6.96%) Web Services
7 63 (6.36%) HTML
8 58 (5.85%) FIX Protocol
8 58 (5.85%) Spring Boot
9 51 (5.15%) Hibernate
10 50 (5.05%) Apache Camel
10 50 (5.05%) HTML5
11 43 (4.34%) .NET Core
11 43 (4.34%) Spring Integration
12 41 (4.14%) .NET Framework
13 39 (3.94%) React
13 39 (3.94%) RESTful
14 33 (3.33%) XML
15 30 (3.03%) WPF
Miscellaneous
1 208 (20.99%) Foreign Exchange (FX)
2 140 (14.13%) Derivative
3 137 (13.82%) Fixed Income
4 73 (7.37%) Equities
5 56 (5.65%) Data Structures
6 41 (4.14%) Market Risk
7 36 (3.63%) Greenfield Project
8 30 (3.03%) Grid Computing
9 29 (2.93%) User Experience
10 25 (2.52%) Credit Risk
11 23 (2.32%) Algorithms
12 21 (2.12%) Hedge funds
13 17 (1.72%) Virtual Team
14 16 (1.61%) Credit Derivative
15 14 (1.41%) Self-Motivation
16 10 (1.01%) Equity Derivative
16 10 (1.01%) Interest Rate Derivative
17 9 (0.91%) Reference Data
18 8 (0.81%) N-Tier
19 7 (0.71%) Data Centre
Operating Systems
1 120 (12.11%) Linux
2 77 (7.77%) Unix
3 75 (7.57%) Windows
4 4 (0.40%) Windows 10
4 4 (0.40%) Windows Server 2012
5 3 (0.30%) Apple iOS
5 3 (0.30%) Mac OS
5 3 (0.30%) Red Hat Enterprise Linux
6 2 (0.20%) Windows 7
6 2 (0.20%) Windows Server
6 2 (0.20%) Windows Server 2008
6 2 (0.20%) Windows Server 2016
6 2 (0.20%) Windows Server 2019
6 2 (0.20%) Windows XP
7 1 (0.10%) Android
Processes & Methodologies
1 347 (35.02%) Agile Software Development
2 163 (16.45%) Multithreading
3 148 (14.93%) Low Latency
4 140 (14.13%) DevOps
5 138 (13.93%) Electronic Trading
6 121 (12.21%) Scrum
7 109 (11.00%) TDD
8 82 (8.27%) Problem-Solving
9 79 (7.97%) Risk Management
9 79 (7.97%) Unit Testing
10 76 (7.67%) Software Engineering
11 75 (7.57%) Analytics
12 73 (7.37%) Multithreaded Programming
13 72 (7.27%) Microservices
14 70 (7.06%) SDLC
15 67 (6.76%) Mathematics
16 66 (6.66%) Performance Tuning
17 62 (6.26%) BDD
17 62 (6.26%) Test Automation
18 60 (6.05%) Computer Science
Programming Languages
1 456 (46.01%) Java
2 281 (28.36%) SQL
3 212 (21.39%) C#
4 158 (15.94%) Python
5 139 (14.03%) C++
6 96 (9.69%) Scala
7 83 (8.38%) JavaScript
8 50 (5.05%) Java 8
9 42 (4.24%) PL/SQL
10 40 (4.04%) TypeScript
11 23 (2.32%) C
12 18 (1.82%) T-SQL
13 17 (1.72%) Perl
14 15 (1.51%) Java 9
15 12 (1.21%) Groovy
16 11 (1.11%) Haskell
17 10 (1.01%) PHP
18 9 (0.91%) Kotlin
18 9 (0.91%) VB
19 8 (0.81%) Shell Script
Qualifications
1 83 (8.38%) Degree
2 25 (2.52%) Numerate Degree
3 15 (1.51%) Computer Science Degree
4 8 (0.81%) PhD
5 6 (0.61%) CFA
5 6 (0.61%) Microsoft Certification
6 5 (0.50%) FFIEC
7 4 (0.40%) CISA
7 4 (0.40%) Cisco Certification
7 4 (0.40%) ISACA
7 4 (0.40%) ITIL Certification
8 3 (0.30%) ACCA
8 3 (0.30%) ISTQB
9 2 (0.20%) CCIE Data Center
9 2 (0.20%) Master's Degree
9 2 (0.20%) MCITP
9 2 (0.20%) PMI Certification
9 2 (0.20%) SC Cleared
9 2 (0.20%) Security Cleared
9 2 (0.20%) VMware Certified Professional (VCP)
Quality Assurance & Compliance
1 25 (2.52%) QA
2 14 (1.41%) MiFID
2 14 (1.41%) PMO
3 13 (1.31%) Data Quality
4 7 (0.71%) SLA
5 6 (0.61%) ISO/IEC 27001
6 5 (0.50%) EMIR
6 5 (0.50%) ISO/IEC 27005
6 5 (0.50%) NIST
6 5 (0.50%) NIST 800
7 4 (0.40%) COBIT
7 4 (0.40%) Dodd-Frank
8 3 (0.30%) FATCA
8 3 (0.30%) GDPR
8 3 (0.30%) ISO 20022
9 2 (0.20%) Basel III
9 2 (0.20%) Sarbanes-Oxley
10 1 (0.10%) ISO 15022
10 1 (0.10%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
10 1 (0.10%) PSD2
System Software
1 66 (6.66%) Docker
2 16 (1.61%) Platform Symphony
3 10 (1.01%) GridGain
4 8 (0.81%) HDFS
5 6 (0.61%) Active Directory
6 3 (0.30%) Apache Flume
7 2 (0.20%) EMC RecoverPoint
7 2 (0.20%) VMware ESXi
7 2 (0.20%) VMware Infrastructure
7 2 (0.20%) vSphere
8 1 (0.10%) Virtual Desktop
8 1 (0.10%) Virtual Machines
Systems Management
1 60 (6.05%) Kubernetes
2 33 (3.33%) Ansible
3 15 (1.51%) Terraform
4 13 (1.31%) Puppet
5 11 (1.11%) ITRS Geneos
6 5 (0.50%) CA Single Sign-On
6 5 (0.50%) Control-M
6 5 (0.50%) HP Fortify
6 5 (0.50%) Opscode Chef
7 2 (0.20%) Docker Swarm
7 2 (0.20%) Mesos
7 2 (0.20%) NetBackup
7 2 (0.20%) Rancher
7 2 (0.20%) SCCM
7 2 (0.20%) SCOM
8 1 (0.10%) Backup Exec
8 1 (0.10%) BladeLogic
8 1 (0.10%) Istio
8 1 (0.10%) Kibana
8 1 (0.10%) Systems Management Server (SMS)
Vendors
1 151 (15.24%) Oracle
2 60 (6.05%) Microsoft
3 38 (3.83%) Atlassian
4 31 (3.13%) TIBCO
5 30 (3.03%) ION Trading
6 27 (2.72%) IBM
7 26 (2.62%) Sybase
8 19 (1.92%) Citrix
9 18 (1.82%) Murex
10 15 (1.51%) DevExpress
10 15 (1.51%) Google
11 11 (1.11%) Bloomberg
11 11 (1.11%) Splunk
12 10 (1.01%) BiZZdesign
12 10 (1.01%) Databricks
12 10 (1.01%) FIS
12 10 (1.01%) SAP
12 10 (1.01%) SunGard
13 9 (0.91%) Salesforce.com
14 8 (0.81%) Cisco