Period
to 25 September 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 25 September 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
25 Sep 2020
Same period 2019 Same period 2018
Rank 93 190 187
Rank change year-on-year +97 -3 -99
Contract jobs citing Investment Banking 758 1,282 1,565
As % of all contract jobs advertised in the UK 2.55% 1.45% 1.52%
As % of the General category 6.07% 3.70% 3.75%
Number of daily rates quoted 597 935 1,248
Median daily rate £620 £550 £600
Median daily rate % change year-on-year +12.73% -8.33% +6.67%
10th Percentile £463 £331 £393
90th Percentile £800 £725 £725
UK excluding London median daily rate £311 £450 £400
% change year-on-year -30.83% +12.50% -5.88%
Number of hourly rates quoted 1 12 4
Median hourly rate £35.00 £39.00 £15.00
Median hourly rate % change year-on-year -10.26% +160.00% -
UK excluding London median hourly rate - £42.25 £15.00
% change year-on-year - +181.67% -4.76%

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 12,479 34,659 41,784
As % of all contract IT jobs advertised in the UK 41.98% 39.24% 40.63%
Number of daily rates quoted 8,055 22,186 27,129
Median daily rate £500 £480 £475
Median daily rate % change year-on-year +4.17% +1.05% +5.56%
10th Percentile £289 £300 £288
90th Percentile £713 £675 £675
UK excluding London median daily rate £431 £438 £425
% change year-on-year -1.49% +2.94% +5.59%
Number of hourly rates quoted 452 959 1,129
Median hourly rate £30.25 £22.50 £21.41
Median hourly rate % change year-on-year +34.44% +5.09% -4.84%
10th Percentile £12.75 £12.50 £11.83
90th Percentile £50.00 £50.00 £48.75
Median hourly rate £24.43 £22.50 £20.00
% change year-on-year +8.58% +12.50% -11.19%

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 25 September 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
Top 12 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 25 September 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 +125 734 £625 +8.70% 52
London +59 721 £625 +4.17% 51
Work from Home -47 34 £525 +2.44% 2
UK excluding London +41 32 £311 -30.83% 3
Scotland -31 11 £370 -12.94% 1
Northern Ireland -17 10 £223 -56.59% 1
Midlands +105 7 £475 +15.15%
West Midlands +80 6 £338 -32.40%
South East +181 2 £500 +8.11%
South West +114 1 £575 +82.54%
East of England +81 1 £263 -22.22%
East Midlands +58 1 £550 +78.86%

For the 6 months to 25 September 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.

1 758 (100.00%) Banking
2 434 (57.26%) Java
3 386 (50.92%) Finance
4 350 (46.17%) Front Office
5 292 (38.52%) Agile Software Development
6 271 (35.75%) Fixed Income
7 261 (34.43%) Python
8 209 (27.57%) Foreign Exchange (FX)
9 203 (26.78%) SQL
10 192 (25.33%) Derivative
11 189 (24.93%) JavaScript
12 181 (23.88%) Equities
13 180 (23.75%) Web Services
14 170 (22.43%) AngularJS
15 163 (21.50%) Software Engineering
16 156 (20.58%) Asset Management
17 153 (20.18%) AWS
18 144 (19.00%) Hedge funds
19 142 (18.73%) React
20 134 (17.68%) DevOps
21 131 (17.28%) C#
22 130 (17.15%) Investment Management
23 113 (14.91%) Business Analysis
24 110 (14.51%) Vue.js
25 108 (14.25%) Azure
26 103 (13.59%) Linux
27 102 (13.46%) GCP
28 95 (12.53%) Multithreading
29 94 (12.40%) SQL Server
30 90 (11.87%) C++

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 26 (3.43%) Mule
2 23 (3.03%) Red Hat Fuse
3 17 (2.24%) Apache Spark
4 13 (1.72%) Confluence
5 12 (1.58%) JBoss
5 12 (1.58%) SharePoint
6 10 (1.32%) Elasticsearch
6 10 (1.32%) MTS
7 5 (0.66%) IIS
8 3 (0.40%) Apache
8 3 (0.40%) Oracle Coherence
8 3 (0.40%) Oracle Workflow
8 3 (0.40%) SharePoint 2013
9 2 (0.26%) CMS
9 2 (0.26%) DataSynapse
9 2 (0.26%) IBM HTTP Server
9 2 (0.26%) K2 blackpearl
9 2 (0.26%) SAS
9 2 (0.26%) SharePoint 2010
10 1 (0.13%) WebSphere
Applications
1 25 (3.30%) Microsoft Excel
2 12 (1.58%) Microsoft Office
3 9 (1.19%) Chatbot
4 6 (0.79%) Microsoft PowerPoint
5 3 (0.40%) Microsoft Project
5 3 (0.40%) MS Visio
5 3 (0.40%) Sketch
6 2 (0.26%) Adobe Illustrator
7 1 (0.13%) Spreadsheet
Business Applications
1 21 (2.77%) ION MarketView
2 12 (1.58%) SunGard Martini
3 11 (1.45%) Bloomberg TOMS
4 4 (0.53%) HiPortfolio
5 3 (0.40%) Actimize
6 2 (0.26%) Endur
6 2 (0.26%) RMDS
7 1 (0.13%) FLEXCUBE
7 1 (0.13%) MultiFonds
7 1 (0.13%) Oracle AML
7 1 (0.13%) Oracle Subledger Accounting
7 1 (0.13%) Refinitiv Enterprise Platform
7 1 (0.13%) SimCorp Dimension
7 1 (0.13%) Sophis RISQUE
7 1 (0.13%) Sparx Enterprise Architect
7 1 (0.13%) SunGard GMI
7 1 (0.13%) Temenos Globus
7 1 (0.13%) Temenos T24
Cloud Services
1 153 (20.18%) AWS
2 108 (14.25%) Azure
3 102 (13.46%) GCP
4 30 (3.96%) Serverless
5 27 (3.56%) Amazon EC2
5 27 (3.56%) Amazon S3
5 27 (3.56%) AWS Lambda
6 11 (1.45%) OpenShift
7 9 (1.19%) Cloud Computing
8 6 (0.79%) PaaS
8 6 (0.79%) SaaS
9 4 (0.53%) GitHub
9 4 (0.53%) IaaS
9 4 (0.53%) Office 365
9 4 (0.53%) Power Platform
10 2 (0.26%) Amazon ECS
10 2 (0.26%) Amazon SQS
10 2 (0.26%) npm
10 2 (0.26%) SuccessFactors
10 2 (0.26%) Yarn
Communications & Networking
1 9 (1.19%) Firewall
2 7 (0.92%) Multicast
3 6 (0.79%) FIX Connectivity
3 6 (0.79%) Kerberos
3 6 (0.79%) RTMP
4 5 (0.66%) TCP/IP
5 4 (0.53%) HTTP
5 4 (0.53%) Internet
6 2 (0.26%) AMQP
6 2 (0.26%) BIG-IP
6 2 (0.26%) Intranet
6 2 (0.26%) SSH
6 2 (0.26%) SSL
6 2 (0.26%) VPN
6 2 (0.26%) Wireshark
7 1 (0.13%) Cisco IOS
7 1 (0.13%) Cisco Nexus
7 1 (0.13%) Cisco Wireless
7 1 (0.13%) Network Security
7 1 (0.13%) tcpdump
Database & Business Intelligence
1 94 (12.40%) SQL Server
2 54 (7.12%) Relational Database
3 51 (6.73%) MongoDB
4 33 (4.35%) NoSQL
5 28 (3.69%) Oracle Database
6 27 (3.56%) Amazon DynamoDB
7 23 (3.03%) Data Warehouse
8 19 (2.51%) MySQL
9 18 (2.37%) Hazelcast
10 16 (2.11%) Big Data
11 15 (1.98%) Hadoop
11 15 (1.98%) SQL Server Integration Services
12 13 (1.72%) Redis
13 12 (1.58%) Oracle Database 12c
14 10 (1.32%) Oracle Database 11g
14 10 (1.32%) SQL Server Reporting Services
15 9 (1.19%) SQL Server Analysis Services
16 7 (0.92%) KDB
17 6 (0.79%) PostgreSQL
18 5 (0.66%) RDBMS
Development Applications
1 60 (7.92%) Git (software)
2 53 (6.99%) RStudio
3 46 (6.07%) Subversion
4 35 (4.62%) Maven
5 31 (4.09%) JUnit
6 30 (3.96%) JIRA
7 25 (3.30%) Jenkins
8 24 (3.17%) Visual Studio
9 14 (1.85%) Cucumber
10 13 (1.72%) TeamCity
11 11 (1.45%) Atlassian Bamboo
11 11 (1.45%) jMock
11 11 (1.45%) NUnit
12 10 (1.32%) CppUnit
12 10 (1.32%) Hudson
12 10 (1.32%) Oracle APEX
13 9 (1.19%) FishEye
13 9 (1.19%) FitNesse
14 8 (1.06%) Eclipse
15 7 (0.92%) Gradle
General
1 758 (100.00%) Banking
2 386 (50.92%) Finance
3 350 (46.17%) Front Office
4 23 (3.03%) Retail Banking
5 21 (2.77%) Retail
6 19 (2.51%) Back Office
7 16 (2.11%) French Language
8 14 (1.85%) Financial Institution
9 11 (1.45%) Corporate Banking
10 5 (0.66%) Advertising
11 4 (0.53%) Law
11 4 (0.53%) Legal
11 4 (0.53%) Prime Brokerage
12 3 (0.40%) International Banking
12 3 (0.40%) Marketing
13 2 (0.26%) Public Sector
13 2 (0.26%) Telecoms
14 1 (0.13%) German Language
14 1 (0.13%) Pharmaceutical
14 1 (0.13%) Private Banking
Job Titles
1 537 (70.84%) Developer
2 229 (30.21%) Java Developer
3 108 (14.25%) Senior Developer
4 91 (12.01%) AWS Developer
5 83 (10.95%) Senior Java Developer
6 82 (10.82%) Python Developer
7 79 (10.42%) Analyst
7 79 (10.42%) AWS Engineer
8 70 (9.23%) JavaScript Developer
9 62 (8.18%) Front Office Developer
10 55 (7.26%) Developer/Software Engineer
10 55 (7.26%) Software Engineer
11 46 (6.07%) Business Analyst
11 46 (6.07%) C# Developer
12 44 (5.80%) JavaScript Engineer
13 43 (5.67%) C++ Developer
14 39 (5.15%) Investment Banking Java Developer
14 39 (5.15%) Python Engineer
14 39 (5.15%) Python Software Engineer
15 29 (3.83%) Pricing Developer
Libraries, Frameworks & Software Standards
1 180 (23.75%) Web Services
2 170 (22.43%) AngularJS
3 142 (18.73%) React
4 110 (14.51%) Vue.js
5 90 (11.87%) Spring
6 81 (10.69%) .NET
7 66 (8.71%) Node.js
8 55 (7.26%) Middleware
9 46 (6.07%) REST
10 42 (5.54%) HTML
11 37 (4.88%) Hibernate
12 33 (4.35%) XML
13 31 (4.09%) CSS
14 27 (3.56%) Apache Camel
14 27 (3.56%) Boost C++ Libraries
14 27 (3.56%) STL
14 27 (3.56%) WPF
15 26 (3.43%) HTML5
15 26 (3.43%) J2EE
15 26 (3.43%) Spring Integration
Miscellaneous
1 271 (35.75%) Fixed Income
2 209 (27.57%) Foreign Exchange (FX)
3 192 (25.33%) Derivative
4 181 (23.88%) Equities
5 144 (19.00%) Hedge funds
6 53 (6.99%) Analytical Skills
7 27 (3.56%) User Experience
8 23 (3.03%) Credit Risk
9 20 (2.64%) Blog
10 16 (2.11%) Data Structures
11 14 (1.85%) Greenfield Project
12 13 (1.72%) Management Information System
13 12 (1.58%) Market Risk
14 11 (1.45%) Virtual Team
15 10 (1.32%) Eurex
16 8 (1.06%) Mobile Banking
17 7 (0.92%) Algorithms
17 7 (0.92%) Grid Computing
17 7 (0.92%) Mobile App
18 6 (0.79%) Enterprise Software
Operating Systems
1 103 (13.59%) Linux
2 70 (9.23%) Windows
3 50 (6.60%) Unix
4 18 (2.37%) Windows Server
5 5 (0.66%) Windows Server 2019
6 4 (0.53%) Windows 10
6 4 (0.53%) Windows 7
6 4 (0.53%) Windows Server 2008
6 4 (0.53%) Windows Server 2012
6 4 (0.53%) Windows Server 2016
7 3 (0.40%) Red Hat Enterprise Linux
8 2 (0.26%) Solaris
9 1 (0.13%) AIX
9 1 (0.13%) Apple iOS
9 1 (0.13%) Mac OS
9 1 (0.13%) SUSE Linux Enterprise Server
9 1 (0.13%) Windows XP
Processes & Methodologies
1 292 (38.52%) Agile Software Development
2 163 (21.50%) Software Engineering
3 156 (20.58%) Asset Management
4 134 (17.68%) DevOps
5 130 (17.15%) Investment Management
6 113 (14.91%) Business Analysis
7 95 (12.53%) Multithreading
8 85 (11.21%) TDD
9 81 (10.69%) Electronic Trading
9 81 (10.69%) Low Latency
10 74 (9.76%) Decision-Making
11 72 (9.50%) Portfolio Management
12 63 (8.31%) Problem-Solving
13 61 (8.05%) SDLC
14 58 (7.65%) Analytics
15 56 (7.39%) Test Automation
16 49 (6.46%) Computer Science
17 45 (5.94%) Technical Analysis
18 44 (5.80%) OO
18 44 (5.80%) Risk Management
Programming Languages
1 434 (57.26%) Java
2 261 (34.43%) Python
3 203 (26.78%) SQL
4 189 (24.93%) JavaScript
5 131 (17.28%) C#
6 90 (11.87%) C++
7 34 (4.49%) Kotlin
8 28 (3.69%) TypeScript
9 23 (3.03%) Java 8
9 23 (3.03%) Scala
10 19 (2.51%) T-SQL
11 15 (1.98%) VBA
12 10 (1.32%) C
12 10 (1.32%) ES6
13 9 (1.19%) Perl
14 8 (1.06%) R
15 7 (0.92%) PowerShell
16 6 (0.79%) Bash Shell
17 5 (0.66%) VB
18 4 (0.53%) Shell Script
Qualifications
1 43 (5.67%) Degree
2 21 (2.77%) Computer Science Degree
3 13 (1.72%) Numerate Degree
4 6 (0.79%) ITIL Certification
5 5 (0.66%) Microsoft Certification
6 4 (0.53%) PhD
7 3 (0.40%) SC Cleared
7 3 (0.40%) Security Cleared
8 2 (0.26%) Cisco Certification
8 2 (0.26%) CISSP
9 1 (0.13%) CCDP
9 1 (0.13%) CCIE
9 1 (0.13%) CCNP
9 1 (0.13%) ISTQB
9 1 (0.13%) ISTQB Foundation Certification
9 1 (0.13%) ITIL Foundation Certificate
9 1 (0.13%) Master's Degree
9 1 (0.13%) PMI Certification
9 1 (0.13%) PMP
Quality Assurance & Compliance
1 14 (1.85%) QA
2 10 (1.32%) Data Quality
3 9 (1.19%) PMO
4 2 (0.26%) COREP
4 2 (0.26%) FINREP
5 1 (0.13%) Basel III
5 1 (0.13%) Dodd-Frank
5 1 (0.13%) EMIR
5 1 (0.13%) ISO/IEC 20000
5 1 (0.13%) ISO/IEC 27001
5 1 (0.13%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
5 1 (0.13%) MiFID
5 1 (0.13%) NIST
5 1 (0.13%) SLA
System Software
1 25 (3.30%) Docker
2 16 (2.11%) Active Directory
3 6 (0.79%) VMware Infrastructure
4 5 (0.66%) Virtual Desktop
5 4 (0.53%) VMware ESXi
6 3 (0.40%) GridGain
Systems Management
1 27 (3.56%) Kubernetes
2 15 (1.98%) Ansible
3 12 (1.58%) ITRS Geneos
4 11 (1.45%) Terraform
5 5 (0.66%) BladeLogic
6 4 (0.53%) Microsoft Clustering
7 3 (0.40%) Opscode Chef
7 3 (0.40%) Puppet
8 2 (0.26%) Consul
8 2 (0.26%) Grafana
8 2 (0.26%) Prometheus
9 1 (0.13%) Cisco CUCM
9 1 (0.13%) Cisco UCCX
9 1 (0.13%) Control-M
9 1 (0.13%) IBM BigFix
9 1 (0.13%) Microsoft Intune
9 1 (0.13%) SCCM
9 1 (0.13%) Single Sign-On
9 1 (0.13%) TrustSec
Vendors
1 79 (10.42%) Oracle
2 73 (9.63%) Google
3 36 (4.75%) Bloomberg
4 35 (4.62%) ION Trading
5 33 (4.35%) Microsoft
6 24 (3.17%) Sybase
7 13 (1.72%) Atlassian
7 13 (1.72%) SunGard
8 12 (1.58%) Murex
8 12 (1.58%) Reuters
9 10 (1.32%) FIS
9 10 (1.32%) MarketAxess
9 10 (1.32%) Tradeweb
10 9 (1.19%) DevExpress
10 9 (1.19%) Sun
11 8 (1.06%) Splunk
12 7 (0.92%) Citrix
13 6 (0.79%) Red Hat
13 6 (0.79%) VMware
14 5 (0.66%) IBM