Period
to 8 August 2020

The table below looks at the prevalence of the term Retail Banking in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Retail Banking over the 6 months to 8 August 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.

Retail Banking
UK
6 months to
8 Aug 2020
Same period 2019 Same period 2018
Rank 428 433 414
Rank change year-on-year +5 -19 -149
Contract jobs citing Retail Banking 120 478 604
As % of all contract jobs advertised in the UK 0.34% 0.52% 0.59%
As % of the General category 0.84% 1.33% 1.45%
Number of daily rates quoted 73 322 417
Median daily rate £550 £500 £450
Median daily rate % change year-on-year +10.00% +11.11% -
10th Percentile £400 £342 £302
90th Percentile £750 £672 £654
UK excluding London median daily rate £513 £450 £425
% change year-on-year +13.89% +5.88% +6.25%
Number of hourly rates quoted 1 0 1
Median hourly rate £35.00 - £12.75
UK excluding London median hourly rate £35.00 - £12.75

Retail 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 14,306 36,030 41,643
As % of all contract IT jobs advertised in the UK 40.62% 39.53% 40.58%
Number of daily rates quoted 9,094 23,232 27,007
Median daily rate £500 £488 £475
Median daily rate % change year-on-year +2.56% +2.63% +5.56%
10th Percentile £290 £300 £288
90th Percentile £713 £675 £675
UK excluding London median daily rate £448 £438 £425
% change year-on-year +2.36% +2.94% +5.20%
Number of hourly rates quoted 533 960 1,075
Median hourly rate £30.58 £22.93 £22.00
Median hourly rate % change year-on-year +33.34% +4.23% -1.68%
10th Percentile £13.00 £12.50 £11.77
90th Percentile £52.50 £50.00 £48.75
Median hourly rate £22.55 £23.50 £20.00
% change year-on-year -4.06% +17.50% -11.11%

Retail Banking
Job Vacancy Trend

Job postings citing Retail Banking as a proportion of all IT jobs advertised.

Job vacancy trend for Retail Banking in the UK

Retail Banking
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Retail Banking.

Daily rate trend for Retail Banking in the UK

Retail Banking
Daily Rate Histogram

Daily rate distribution for jobs citing Retail Banking over the 6 months to 8 August 2020.

Daily rate histogram for Retail Banking in the UK

Retail Banking
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Retail Banking.

Hourly rate trend for Retail Banking in the UK

Retail 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 Retail Banking within the UK over the 6 months to 8 August 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 +59 108 £550 +4.76% 17
London +49 92 £550 - 15
UK excluding London +65 24 £513 +13.89% 5
Work from Home -11 10 £600 +9.09% 1
Scotland -17 8 £556 +23.61% 3
Midlands +83 7 £275 -42.11%
North of England +74 7 £513 +13.89% 2
Yorkshire +62 5 £513 +11.66%
West Midlands +64 4 - -
South East +163 2 £575 +4.55%
North West +59 1 - - 2
East Midlands +51 1 - -
North East +21 1 - -

For the 6 months to 8 August 2020, IT contractor jobs citing Retail 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 Retail Banking.

1 96 (80.00%) Banking
2 71 (59.17%) Finance
3 35 (29.17%) Agile Software Development
4 28 (23.33%) Investment Banking
5 27 (22.50%) Wealth Management
6 24 (20.00%) Change Management
7 23 (19.17%) Digital Transformation Programme
8 18 (15.00%) Java
8 18 (15.00%) DevOps
9 16 (13.33%) Retail
10 14 (11.67%) Corporate Banking
10 14 (11.67%) Azure
11 13 (10.83%) REST
12 12 (10.00%) Project Management
12 12 (10.00%) Workflow
12 12 (10.00%) AWS
13 11 (9.17%) Microsoft
13 11 (9.17%) SQL
14 10 (8.33%) Stakeholder Management
14 10 (8.33%) Test Automation
14 10 (8.33%) QA
14 10 (8.33%) GCP
14 10 (8.33%) GDPR
15 9 (7.50%) Problem-Solving
15 9 (7.50%) Project Delivery
15 9 (7.50%) Jenkins
15 9 (7.50%) JIRA
15 9 (7.50%) Web Development
15 9 (7.50%) Management Information System
15 9 (7.50%) HTML

Retail 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 6 (5.00%) SharePoint
2 5 (4.17%) Confluence
2 5 (4.17%) SAS
3 4 (3.33%) SharePoint 2013
4 3 (2.50%) Elasticsearch
5 2 (1.67%) K2 blackpearl
6 1 (0.83%) Apache Solr
6 1 (0.83%) CMS
6 1 (0.83%) Oracle Coherence
6 1 (0.83%) Oracle Workflow
Applications
1 4 (3.33%) Microsoft Excel
2 1 (0.83%) Microsoft PowerPoint
2 1 (0.83%) MS Visio
Business Applications
1 1 (0.83%) Dynamics CRM
1 1 (0.83%) Oracle AML
Cloud Services
1 14 (11.67%) Azure
2 12 (10.00%) AWS
3 10 (8.33%) GCP
4 4 (3.33%) SaaS
5 3 (2.50%) OpenShift
5 3 (2.50%) PaaS
6 2 (1.67%) Azure Active Directory
6 2 (1.67%) IaaS
7 1 (0.83%) Amazon EC2
7 1 (0.83%) Amazon ELB
7 1 (0.83%) Azure Functions
7 1 (0.83%) Cloud Computing
7 1 (0.83%) Dynamics 365
7 1 (0.83%) GitHub
7 1 (0.83%) npm
7 1 (0.83%) Office 365
7 1 (0.83%) Serverless
Communications & Networking
1 5 (4.17%) Firewall
2 3 (2.50%) Intranet
3 2 (1.67%) HTTPS
3 2 (1.67%) SSL
3 2 (1.67%) WAN
4 1 (0.83%) DMZ
4 1 (0.83%) DNS
4 1 (0.83%) Internet
4 1 (0.83%) Intrusion Detection
4 1 (0.83%) Network Security
4 1 (0.83%) VPN
Database & Business Intelligence
1 3 (2.50%) Hadoop
1 3 (2.50%) Relational Database
2 2 (1.67%) BigQuery
2 2 (1.67%) Data Lake
2 2 (1.67%) Data Warehouse
2 2 (1.67%) Oracle Database
2 2 (1.67%) PostgreSQL
2 2 (1.67%) SQL Server
3 1 (0.83%) Big Data
3 1 (0.83%) Data Mining
3 1 (0.83%) SQL Server 2016
3 1 (0.83%) SQL Server Integration Services
3 1 (0.83%) SQL Server Reporting Services
Development Applications
1 9 (7.50%) Jenkins
1 9 (7.50%) JIRA
2 6 (5.00%) Selenium
3 4 (3.33%) SoapUI
4 3 (2.50%) Appium
4 3 (2.50%) Cucumber
4 3 (2.50%) Git (software)
4 3 (2.50%) JMeter
4 3 (2.50%) LoadRunner
5 2 (1.67%) Bitbucket
5 2 (1.67%) fastlane
5 2 (1.67%) Gatling
5 2 (1.67%) TeamCity
5 2 (1.67%) WebDriver
5 2 (1.67%) Xcode
6 1 (0.83%) HP UFT
6 1 (0.83%) JUnit
6 1 (0.83%) Maven
6 1 (0.83%) Mockito
6 1 (0.83%) REST Assured
General
1 96 (80.00%) Banking
2 71 (59.17%) Finance
3 28 (23.33%) Investment Banking
4 16 (13.33%) Retail
5 14 (11.67%) Corporate Banking
6 5 (4.17%) Legal
7 2 (1.67%) Financial Institution
7 2 (1.67%) German Language
8 1 (0.83%) International Banking
8 1 (0.83%) Law
8 1 (0.83%) Publishing
8 1 (0.83%) Telecoms
Job Titles
1 30 (25.00%) Developer
2 22 (18.33%) Analyst
3 16 (13.33%) Project Manager
4 14 (11.67%) Business Analyst
5 13 (10.83%) Architect
6 9 (7.50%) Java Developer
7 5 (4.17%) Data Analyst
7 5 (4.17%) DevOps Engineer
7 5 (4.17%) PHP Developer
7 5 (4.17%) Programme Manager
8 4 (3.33%) .NET Developer
8 4 (3.33%) PHP Developer - Fintech
8 4 (3.33%) Retail Banking Project Manager
8 4 (3.33%) Solutions Architect
8 4 (3.33%) Web Developer
9 3 (2.50%) .NET Web Developer
9 3 (2.50%) Administrator
9 3 (2.50%) GDPR Business Analyst
9 3 (2.50%) Security Architect
9 3 (2.50%) UI Developer
Libraries, Frameworks & Software Standards
1 13 (10.83%) REST
2 9 (7.50%) HTML
3 8 (6.67%) CSS
3 8 (6.67%) Web Services
4 7 (5.83%) .NET
4 7 (5.83%) J2EE
5 6 (5.00%) jBPM
6 5 (4.17%) AngularJS
6 5 (4.17%) Laravel
6 5 (4.17%) Symfony
7 4 (3.33%) JSON
7 4 (3.33%) XML
7 4 (3.33%) XSLT
8 3 (2.50%) ASP.NET
8 3 (2.50%) ASP.NET Web API
8 3 (2.50%) HTML5
8 3 (2.50%) Node.js
8 3 (2.50%) React
8 3 (2.50%) RESTful
8 3 (2.50%) SOAP
Miscellaneous
1 9 (7.50%) Management Information System
2 8 (6.67%) Mobile Banking
3 7 (5.83%) Analytical Skills
4 3 (2.50%) Credit Risk
4 3 (2.50%) Foreign Exchange (FX)
4 3 (2.50%) User Experience
4 3 (2.50%) Virtual Team
5 2 (1.67%) DataPower
5 2 (1.67%) Derivative
5 2 (1.67%) iPad
5 2 (1.67%) iPhone
5 2 (1.67%) Learning Management System
5 2 (1.67%) Mobile App
5 2 (1.67%) Public Cloud
5 2 (1.67%) Robotics
6 1 (0.83%) Blog
6 1 (0.83%) CMDB
6 1 (0.83%) Data Structures
6 1 (0.83%) Enterprise Software
6 1 (0.83%) Online Banking
Operating Systems
1 5 (4.17%) Apple iOS
1 5 (4.17%) Windows
2 4 (3.33%) Android
2 4 (3.33%) Unix
3 2 (1.67%) Mac OS X
4 1 (0.83%) AIX
4 1 (0.83%) Linux
4 1 (0.83%) Mac OS
4 1 (0.83%) Windows 10
Processes & Methodologies
1 35 (29.17%) Agile Software Development
2 27 (22.50%) Wealth Management
3 24 (20.00%) Change Management
4 23 (19.17%) Digital Transformation Programme
5 18 (15.00%) DevOps
6 12 (10.00%) Project Management
6 12 (10.00%) Workflow
7 10 (8.33%) Stakeholder Management
7 10 (8.33%) Test Automation
8 9 (7.50%) Problem-Solving
8 9 (7.50%) Project Delivery
8 9 (7.50%) Web Development
9 7 (5.83%) Migration
9 7 (5.83%) Target Operating Model
9 7 (5.83%) User Acceptance Testing
10 6 (5.00%) Cybersecurity
10 6 (5.00%) Non-Functional Testing
11 5 (4.17%) Analytics
11 5 (4.17%) Microservices
11 5 (4.17%) Test Strategy
Programming Languages
1 18 (15.00%) Java
2 11 (9.17%) SQL
3 7 (5.83%) JavaScript
3 7 (5.83%) PHP
4 5 (4.17%) C#
5 4 (3.33%) PHP 7
5 4 (3.33%) Python
5 4 (3.33%) TypeScript
6 3 (2.50%) Groovy
7 2 (1.67%) Apple Swift
7 2 (1.67%) C
7 2 (1.67%) Scala
7 2 (1.67%) Shell Script
7 2 (1.67%) XPath
8 1 (0.83%) C++
8 1 (0.83%) Java 8
8 1 (0.83%) Kotlin
8 1 (0.83%) PL/SQL
Qualifications
1 3 (2.50%) Degree
2 2 (1.67%) CCIE
2 2 (1.67%) Cisco Certification
3 1 (0.83%) CISM
3 1 (0.83%) CISSP
3 1 (0.83%) CRISC
3 1 (0.83%) Master's Degree
3 1 (0.83%) Numerate Degree
3 1 (0.83%) PMI Certification
3 1 (0.83%) PMP
3 1 (0.83%) SANS
Quality Assurance & Compliance
1 10 (8.33%) GDPR
1 10 (8.33%) QA
2 3 (2.50%) Data Quality
3 2 (1.67%) MiFID
4 1 (0.83%) ISO 20022
4 1 (0.83%) ISO/IEC 20000
4 1 (0.83%) ISO/IEC 27001
4 1 (0.83%) PCI DSS
4 1 (0.83%) PSD2
4 1 (0.83%) SEPA
System Software
1 3 (2.50%) Active Directory
1 3 (2.50%) Docker
2 1 (0.83%) Virtual Desktop
2 1 (0.83%) Virtual Machines
2 1 (0.83%) VMware Infrastructure
Systems Management
1 4 (3.33%) Kubernetes
2 2 (1.67%) Ansible
2 2 (1.67%) Kibana
2 2 (1.67%) logstash
3 1 (0.83%) Grafana
3 1 (0.83%) IBM BigFix
3 1 (0.83%) Microsoft Intune
3 1 (0.83%) Single Sign-On
3 1 (0.83%) Terraform
Vendors
1 11 (9.17%) Microsoft
2 7 (5.83%) Google
2 7 (5.83%) Oracle
3 5 (4.17%) Zend
4 3 (2.50%) IBM
5 2 (1.67%) Apple
5 2 (1.67%) OneTrust
5 2 (1.67%) ServiceNow
5 2 (1.67%) Splunk
6 1 (0.83%) Atlassian
6 1 (0.83%) Automation Anywhere
6 1 (0.83%) Murex
6 1 (0.83%) Solace
6 1 (0.83%) Teradata
6 1 (0.83%) UiPath
6 1 (0.83%) Veracode
6 1 (0.83%) VMware