The table below looks at the prevalence of the term Private Banking in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Private Banking over the 3 months to 24 April 2017 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.

Private Banking
UK
3 months to
24 Apr 2017
Same period 2016 Same period 2015
Rank 549 635 614
Rank change year-on-year +86 -21  
Contract jobs citing Private Banking 46 22 34
As % of all contract IT jobs advertised in the UK 0.099% 0.039% 0.060%
As % of the General category 0.26% 0.10% 0.16%
Number of daily rates quoted 32 12 26
Median daily rate £550 £550 £525
Median daily rate % change year-on-year - +4.76%  
90% offered a daily rate of more than £453 £458 £425
10% offered a daily rate of more than £648 £595 £650
UK excluding London median daily rate £475 - £425
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Private Banking is in the common skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for common skills.

General Skills
UK
Contract job vacancies with a requirement for common skills 17838 20985 21918
As % of all contract IT job vacancies advertised in the UK 38.52% 37.54% 38.60%
Number of daily rates quoted 11677 13814 13543
Median daily rate £470 £450 £435
Median daily rate % change year-on-year +4.44% +3.44%  
90% offered a daily rate of more than £300 £284 £275
10% offered a daily rate of more than £650 £625 £613
UK excluding London median daily rate £415 £400 £400
% change year-on-year +3.75% -  
Number of hourly rates quoted 447 481 538
Median hourly rate £26.80 £26.25 £22.50
Median hourly rate % change year-on-year +2.09% +16.66%  
90% offered a hourly rate of more than £12.50 £12.00 £10.50
10% offered a hourly rate of more than £50.15 £47.50 £43.48
UK excluding London median hourly rate £30.00 £28.00 £24.00
% change year-on-year +7.14% +16.66%  

Private Banking
Job Vacancy Trend

The job posting trend of jobs advertised citing Private Banking as a proportion of all contract or permanent IT jobs with a match in the General category.

Job vacancy trend for Private Banking in the UK

Private Banking
Contractor Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Private Banking.

Contractor daily rate trend for Private Banking in the UK

Private Banking
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Private Banking over the 3 months to 24 April 2017.

Contractor daily rate histogram for Private Banking in the UK

Private Banking
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Private Banking.

Contractor hourly rate trend for Private Banking in the UK

Private Banking
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Private Banking within the UK over the 3 months to 24 April 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +84 46 £550 - 11
London +63 45 £550 - 9
City of London +12 8 £600 +14.28% 1
Sheffield - 1 £475 -
South Yorkshire - 1 £475 -
Yorkshire - 1 £475 -

For the 6 months to 24 April 2017, IT contractor jobs citing Private Banking also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Private Banking.

1 66 (100.00%) Banking
2 33 (50.00%) Finance
3 31 (46.97%) Wealth Management
4 21 (31.82%) Investment Banking
5 20 (30.30%) Asset Management
6 19 (28.79%) MiFID
7 17 (25.76%) Retail
8 15 (22.73%) Agile Software Development
8 15 (22.73%) Business Analysis
8 15 (22.73%) Investment Management
9 13 (19.70%) Retail Banking
9 13 (19.70%) Front Office
9 13 (19.70%) SQL
10 7 (10.61%) Stakeholder Management
10 7 (10.61%) Scrum
10 7 (10.61%) C#
10 7 (10.61%) Project Management
11 6 (9.09%) Avaloq
12 5 (7.58%) Data Analysis
12 5 (7.58%) T-SQL
12 5 (7.58%) SQL Server
12 5 (7.58%) SOAP
12 5 (7.58%) GAP Analysis
12 5 (7.58%) Waterfall
12 5 (7.58%) Analytical Skills
12 5 (7.58%) SDLC
12 5 (7.58%) FNZ
13 4 (6.06%) React
13 4 (6.06%) BDD
13 4 (6.06%) HTML5

Private 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 3 (4.55%) Apache
1 3 (4.55%) JBoss
2 2 (3.03%) SAS
3 1 (1.52%) SharePoint
3 1 (1.52%) SharePoint 2013
3 1 (1.52%) SharePoint Server
3 1 (1.52%) WebSphere
Applications
1 1 (1.52%) Microsoft PowerPoint
1 1 (1.52%) Microsoft Project
Business Applications
1 3 (4.55%) Sonata
2 2 (3.03%) Temenos T24
3 1 (1.52%) Dynamics CRM
3 1 (1.52%) Misys Midas
3 1 (1.52%) Temenos Globus
Communications & Networking
1 3 (4.55%) Firewall
1 3 (4.55%) TCP/IP
2 1 (1.52%) Internet
Database & Business Intelligence
1 5 (7.58%) SQL Server
2 3 (4.55%) SQL Server Reporting Services
3 2 (3.03%) Hadoop
3 2 (3.03%) SQL Server 2008
3 2 (3.03%) SQL Server Analysis Services
3 2 (3.03%) SQL Server Integration Services
Development Applications
1 3 (4.55%) Jasmine
1 3 (4.55%) Mocha
2 1 (1.52%) Cucumber
2 1 (1.52%) Selenium
2 1 (1.52%) WebDriver
General
1 66 (100.00%) Banking
2 33 (50.00%) Finance
3 21 (31.82%) Investment Banking
4 17 (25.76%) Retail
5 13 (19.70%) Front Office
5 13 (19.70%) Retail Banking
6 3 (4.55%) Marketing
7 1 (1.52%) Financial Institution
7 1 (1.52%) Legal
Job Titles
1 25 (37.88%) Analyst
1 25 (37.88%) Business Analyst
2 13 (19.70%) Banking Analyst
3 12 (18.18%) Project Manager
4 10 (15.15%) Banking Business Analyst
4 10 (15.15%) Developer
5 9 (13.64%) MiFID Business Analyst
6 8 (12.12%) Consultant
7 7 (10.61%) Front Office Business Analyst
8 6 (9.09%) Business Manager
8 6 (9.09%) MiFID Project Manager
8 6 (9.09%) Wealth Management Business Analyst
9 5 (7.58%) Banking Project Manager
9 5 (7.58%) SQL Developer
9 5 (7.58%) T-SQL Developer
10 4 (6.06%) .NET Developer
10 4 (6.06%) C# .NET Developer
10 4 (6.06%) C# Developer
10 4 (6.06%) Project Analyst
11 3 (4.55%) Business Project Manager
Libraries, Frameworks & Software Standards
1 5 (7.58%) SOAP
2 4 (6.06%) .NET
2 4 (6.06%) HTML
2 4 (6.06%) HTML5
2 4 (6.06%) React
2 4 (6.06%) XML
3 3 (4.55%) ASP.NET Web API
3 3 (4.55%) CSS
3 3 (4.55%) CSS3
3 3 (4.55%) Node.js
4 2 (3.03%) REST
5 1 (1.52%) AngularJS
5 1 (1.52%) IBM Integration Bus
5 1 (1.52%) Middleware
5 1 (1.52%) RESTful
5 1 (1.52%) WCF
5 1 (1.52%) Web Services
5 1 (1.52%) WebSphere MQ
Miscellaneous
1 5 (7.58%) Analytical Skills
2 3 (4.55%) Online Banking
3 2 (3.03%) Hedge funds
4 1 (1.52%) Derivative
4 1 (1.52%) Greenfield Project
4 1 (1.52%) Virtual Team
Operating Systems
1 3 (4.55%) Linux
1 3 (4.55%) Unix
1 3 (4.55%) Windows
Processes & Methodologies
1 31 (46.97%) Wealth Management
2 20 (30.30%) Asset Management
3 15 (22.73%) Agile Software Development
3 15 (22.73%) Business Analysis
3 15 (22.73%) Investment Management
4 7 (10.61%) Project Management
4 7 (10.61%) Scrum
4 7 (10.61%) Stakeholder Management
5 5 (7.58%) Data Analysis
5 5 (7.58%) GAP Analysis
5 5 (7.58%) SDLC
5 5 (7.58%) Waterfall
6 4 (6.06%) BDD
6 4 (6.06%) CRM
7 3 (4.55%) Change Management
7 3 (4.55%) Domain-Driven Design
7 3 (4.55%) Migration
7 3 (4.55%) OO
7 3 (4.55%) Target Operating Model
7 3 (4.55%) TDD
Programming Languages
1 13 (19.70%) SQL
2 7 (10.61%) C#
3 5 (7.58%) T-SQL
4 4 (6.06%) JavaScript
5 3 (4.55%) Perl
6 2 (3.03%) Java
7 1 (1.52%) RPG
7 1 (1.52%) RPG IV
7 1 (1.52%) XPath
Qualifications
1 2 (3.03%) Degree
Quality Assurance & Compliance
1 19 (28.79%) MiFID
2 3 (4.55%) AIFMD
2 3 (4.55%) Dodd-Frank
2 3 (4.55%) EMIR
3 2 (3.03%) Data Quality
3 2 (3.03%) FATCA
3 2 (3.03%) IFRS
3 2 (3.03%) IFRS 9
3 2 (3.03%) Solvency II
4 1 (1.52%) QA
Vendors
1 6 (9.09%) Avaloq
2 5 (7.58%) FNZ
3 3 (4.55%) Oracle
4 2 (3.03%) Microsoft
4 2 (3.03%) Teradata
5 1 (1.52%) CheckPoint
5 1 (1.52%) IBM
5 1 (1.52%) Temenos
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