Period
to 27 September 2021

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 27 September 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.

Retail Banking
UK
6 months to
27 Sep 2021
Same period 2020 Same period 2019
Rank 455 406 464
Rank change year-on-year -49 +58 -6
Contract jobs citing Retail Banking 382 102 401
As % of all contract jobs advertised in the UK 0.48% 0.35% 0.46%
As % of the General category 0.89% 0.66% 0.88%
Number of daily rates quoted 239 61 230
10th Percentile £400 £350 £349
25th Percentile £478 £450 £413
Median daily rate (50th Percentile) £563 £500 £525
Median % change year-on-year +12.50% -4.76% +13.51%
75th Percentile £675 £588 £600
90th Percentile £750 £625 £700
UK excluding London median daily rate £540 £525 £458
% change year-on-year +2.86% +14.57% +7.82%

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 42,730 15,568 45,468
As % of all contract IT jobs advertised in the UK 53.23% 53.30% 51.85%
Number of daily rates quoted 28,710 10,493 29,406
10th Percentile £306 £270 £263
25th Percentile £413 £378 £369
Median daily rate (50th Percentile) £513 £475 £475
Median % change year-on-year +7.89% - +3.83%
75th Percentile £625 £595 £575
90th Percentile £713 £700 £663
UK excluding London median daily rate £450 £425 £425
% change year-on-year +5.88% - -
Number of hourly rates quoted 1,386 535 1,497
10th Percentile £12.00 £11.85 £11.15
25th Percentile £13.25 £15.00 £14.00
Median hourly rate £19.00 £22.50 £19.00
Median % change year-on-year -15.56% +18.42% +8.57%
75th Percentile £42.78 £42.75 £40.00
90th Percentile £60.00 £51.00 £50.00
UK excluding London median hourly rate £17.50 £20.50 £17.50
% change year-on-year -14.63% +17.14% +1.01%

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 27 September 2021.

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 27 September 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 -91 250 £571 +14.25% 47
London -82 223 £595 +19.00% 30
Work from Home -109 164 £550 -
UK excluding London -120 56 £540 +2.86% 30
Scotland -43 40 £550 - 7
North of England -76 7 £400 -27.27% 11
North West -51 5 £525 - 7
Midlands -75 4 £438 +59.09% 3
South East - 3 £550 - 1
Yorkshire -51 2 £388 -29.55% 3
West Midlands -68 2 - - 3
East Midlands - 2 £438 -
South West - 2 £625 -

For the 6 months to 27 September 2021, 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.

1 348 (91.10%) Banking
2 154 (40.31%) Finance
3 153 (40.05%) Agile Software Development
4 81 (21.20%) Retail
4 81 (21.20%) DevOps
5 68 (17.80%) Social Skills
6 64 (16.75%) Java
7 62 (16.23%) Investment Banking
8 55 (14.40%) Wealth Management
9 49 (12.83%) SQL
10 48 (12.57%) Stakeholder Management
11 46 (12.04%) AWS
12 45 (11.78%) Azure
12 45 (11.78%) Scrum
13 43 (11.26%) Corporate Banking
14 42 (10.99%) GCP
15 40 (10.47%) Test Automation
16 38 (9.95%) Microservices
16 38 (9.95%) User Experience
17 35 (9.16%) Project Management
18 34 (8.90%) Analytical Skills
19 32 (8.38%) Microsoft
19 32 (8.38%) Spring
20 31 (8.12%) Google
21 29 (7.59%) Mobile App
21 29 (7.59%) Problem-Solving
22 28 (7.33%) Analytics
22 28 (7.33%) REST
22 28 (7.33%) Software Engineering
23 27 (7.07%) JavaScript

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 19 (4.97%) Confluence
2 9 (2.36%) SAS
3 8 (2.09%) Apache Spark
4 5 (1.31%) Oracle Application Server
5 3 (0.79%) WebSphere
5 3 (0.79%) WebSphere Application Server
6 2 (0.52%) Apache Airflow
6 2 (0.52%) Appian
6 2 (0.52%) Tomcat
7 1 (0.26%) CMS
7 1 (0.26%) IBM Domino
7 1 (0.26%) IBM Notes
7 1 (0.26%) Oracle Coherence
7 1 (0.26%) SharePoint
Applications
1 9 (2.36%) Microsoft Excel
2 5 (1.31%) Chatbot
2 5 (1.31%) Microsoft Office
3 3 (0.79%) Microsoft PowerPoint
4 2 (0.52%) MS Visio
4 2 (0.52%) Sketch
4 2 (0.52%) UserZoom
5 1 (0.26%) Microsoft Project
Business Applications
1 2 (0.52%) BASE24
1 2 (0.52%) Dynamics AX
1 2 (0.52%) Dynamics CRM
2 1 (0.26%) Eikon
2 1 (0.26%) Loan IQ
2 1 (0.26%) Remedy ITSM
2 1 (0.26%) Temenos T24
Cloud Services
1 46 (12.04%) AWS
2 45 (11.78%) Azure
3 42 (10.99%) GCP
4 13 (3.40%) Apigee
4 13 (3.40%) Dynamics 365
5 5 (1.31%) Kong
5 5 (1.31%) OpenShift
6 4 (1.05%) Azure Cosmos DB
6 4 (1.05%) GitHub
7 3 (0.79%) Microsoft 365
8 2 (0.52%) npm
8 2 (0.52%) SaaS
9 1 (0.26%) Amazon CloudWatch
9 1 (0.26%) AWS Lambda
9 1 (0.26%) CloudBees
9 1 (0.26%) Collibra
9 1 (0.26%) Firebase
9 1 (0.26%) Google Play
9 1 (0.26%) Serverless
9 1 (0.26%) Slack
Communications & Networking
1 10 (2.62%) HTTP
2 5 (1.31%) Internet
3 3 (0.79%) Multicast
3 3 (0.79%) SSL
4 2 (0.52%) 2G
4 2 (0.52%) ATM
4 2 (0.52%) Cisco Nexus
4 2 (0.52%) FCoE
4 2 (0.52%) Fibre Channel
4 2 (0.52%) iSCSI
4 2 (0.52%) LAN
4 2 (0.52%) NAS
4 2 (0.52%) SAN
4 2 (0.52%) WAN
5 1 (0.26%) Firewall
5 1 (0.26%) Kerberos
5 1 (0.26%) MIMO
5 1 (0.26%) RTP
5 1 (0.26%) TCP/IP
5 1 (0.26%) VPN
Database & Business Intelligence
1 20 (5.24%) Relational Database
2 18 (4.71%) Data Warehouse
3 14 (3.66%) MongoDB
4 12 (3.14%) SQL Server
5 9 (2.36%) Data Lake
6 8 (2.09%) Big Data
6 8 (2.09%) RDBMS
6 8 (2.09%) Tableau
7 7 (1.83%) NoSQL
8 6 (1.57%) Metadata
8 6 (1.57%) PostgreSQL
9 5 (1.31%) BigQuery
9 5 (1.31%) Cloud Spanner
10 4 (1.05%) Hadoop
10 4 (1.05%) HDInsight
11 3 (0.79%) Apache Hive
11 3 (0.79%) Data Mining
11 3 (0.79%) SQL Server Analysis Services
11 3 (0.79%) SQL Server Integration Services
11 3 (0.79%) SQL Server Reporting Services
Development Applications
1 25 (6.54%) JIRA
2 16 (4.19%) Jenkins
3 15 (3.93%) Cucumber
3 15 (3.93%) Git (software)
3 15 (3.93%) Selenium
4 13 (3.40%) Maven
5 4 (1.05%) Grunt
5 4 (1.05%) gulp
5 4 (1.05%) Mockito
5 4 (1.05%) Sonatype Nexus
6 3 (0.79%) Appium
6 3 (0.79%) TeamCity
7 2 (0.52%) Artifactory
7 2 (0.52%) Bitbucket
7 2 (0.52%) git-flow
7 2 (0.52%) Protractor
7 2 (0.52%) REST Assured
7 2 (0.52%) Robot Framework
8 1 (0.26%) CocoaPods
8 1 (0.26%) Postman
General
1 348 (91.10%) Banking
2 154 (40.31%) Finance
3 81 (21.20%) Retail
4 68 (17.80%) Social Skills
5 62 (16.23%) Investment Banking
6 43 (11.26%) Corporate Banking
7 34 (8.90%) Analytical Skills
8 12 (3.14%) Presentation Skills
9 10 (2.62%) Inclusion and Diversity
10 9 (2.36%) Private Banking
11 8 (2.09%) Influencing Skills
12 7 (1.83%) Back Office
13 6 (1.57%) General Ledger
13 6 (1.57%) Organisational Skills
14 5 (1.31%) Marketing
15 4 (1.05%) Documentation Skills
15 4 (1.05%) Financial Institution
15 4 (1.05%) Legal
16 3 (0.79%) Wholesale Banking
17 1 (0.26%) German Language
Job Titles
1 88 (23.04%) Architect
2 61 (15.97%) Analyst
3 54 (14.14%) Developer
4 48 (12.57%) Business Analyst
5 38 (9.95%) Solutions Architect
6 35 (9.16%) Project Manager
7 27 (7.07%) Data Architect
8 18 (4.71%) Enterprise Architect
9 17 (4.45%) Banking Analyst
10 16 (4.19%) Enterprise Data Architect
11 13 (3.40%) Designer
11 13 (3.40%) Java Developer
12 12 (3.14%) Scrum Master
13 11 (2.88%) Cloud Architect
13 11 (2.88%) Data Modeller
13 11 (2.88%) DevOps Engineer
13 11 (2.88%) Security Architect
14 10 (2.62%) Banking Business Analyst
14 10 (2.62%) Consultant
15 9 (2.36%) Technical Architect
Libraries, Frameworks & Software Standards
1 32 (8.38%) Spring
2 28 (7.33%) REST
3 24 (6.28%) Spring Boot
4 20 (5.24%) Kafka
5 14 (3.66%) OAuth
6 13 (3.40%) React
7 10 (2.62%) AngularJS
7 10 (2.62%) HTML
7 10 (2.62%) RESTful
8 9 (2.36%) .NET
9 8 (2.09%) CSS
9 8 (2.09%) JSON
10 7 (1.83%) Dagger
10 7 (1.83%) HTML5
10 7 (1.83%) RAML
10 7 (1.83%) Web Services
11 6 (1.57%) Node.js
12 5 (1.31%) OAuth2
12 5 (1.31%) OpenID
12 5 (1.31%) XML
Miscellaneous
1 38 (9.95%) User Experience
2 29 (7.59%) Mobile App
3 15 (3.93%) Mobile Banking
4 13 (3.40%) Credit Risk
4 13 (3.40%) Reference Data
5 12 (3.14%) Data Protection Act
6 11 (2.88%) Management Information System
7 9 (2.36%) Enterprise Software
7 9 (2.36%) Public Cloud
8 8 (2.09%) Online Banking
9 6 (1.57%) Data Structures
9 6 (1.57%) SWIFT
10 5 (1.31%) Data Centre
10 5 (1.31%) Foreign Exchange (FX)
10 5 (1.31%) Legacy Applications
10 5 (1.31%) Legacy Systems
10 5 (1.31%) Taxonomies
10 5 (1.31%) Virtual Team
11 4 (1.05%) Derivative
11 4 (1.05%) Mainframe
Operating Systems
1 11 (2.88%) Linux
2 9 (2.36%) Android
2 9 (2.36%) Windows
3 7 (1.83%) Unix
4 4 (1.05%) Apple iOS
5 3 (0.79%) Red Hat Enterprise Linux
5 3 (0.79%) Solaris
6 2 (0.52%) AIX
7 1 (0.26%) Windows Server
7 1 (0.26%) zOS
Processes & Methodologies
1 153 (40.05%) Agile Software Development
2 81 (21.20%) DevOps
3 55 (14.40%) Wealth Management
4 48 (12.57%) Stakeholder Management
5 45 (11.78%) Scrum
6 40 (10.47%) Test Automation
7 38 (9.95%) Microservices
8 35 (9.16%) Project Management
9 29 (7.59%) Problem-Solving
10 28 (7.33%) Analytics
10 28 (7.33%) Software Engineering
11 26 (6.81%) Data Modelling
12 25 (6.54%) Continuous Integration
12 25 (6.54%) Data Architecture
13 24 (6.28%) TDD
14 23 (6.02%) Cybersecurity
15 20 (5.24%) User Stories
16 18 (4.71%) BDD
16 18 (4.71%) Continuous Improvement
16 18 (4.71%) Waterfall
Programming Languages
1 64 (16.75%) Java
2 49 (12.83%) SQL
3 27 (7.07%) JavaScript
4 25 (6.54%) Python
5 13 (3.40%) Kotlin
6 9 (2.36%) Scala
7 6 (1.57%) Groovy
8 5 (1.31%) Ruby
9 4 (1.05%) Go
9 4 (1.05%) Java 11
9 4 (1.05%) Java 8
9 4 (1.05%) T-SQL
10 3 (0.79%) Apple Swift
10 3 (0.79%) TypeScript
11 2 (0.52%) Bash Shell
11 2 (0.52%) C
11 2 (0.52%) Objective-C
11 2 (0.52%) VBA
11 2 (0.52%) X++
12 1 (0.26%) Jython
Qualifications
1 16 (4.19%) Degree
2 6 (1.57%) CISSP
3 4 (1.05%) CISM
4 2 (0.52%) (ISC)2 CCSP
4 2 (0.52%) CBAP
4 2 (0.52%) Cisco Certification
4 2 (0.52%) GIAC
5 1 (0.26%) Computer Science Degree
5 1 (0.26%) CSPO
5 1 (0.26%) PMI Certification
5 1 (0.26%) PMP
5 1 (0.26%) SAFe Agilist
Quality Assurance & Compliance
1 10 (2.62%) Data Quality
2 8 (2.09%) Accessibility
3 6 (1.57%) PMO
4 4 (1.05%) PSD2
4 4 (1.05%) QA
5 3 (0.79%) ISO 20022
6 2 (0.52%) COBIT
6 2 (0.52%) ISO/IEC 27001
6 2 (0.52%) NIST
6 2 (0.52%) NIST 800
6 2 (0.52%) PCI DSS
6 2 (0.52%) SEPA
7 1 (0.26%) GDPR
7 1 (0.26%) IFRS
7 1 (0.26%) IFRS 9
7 1 (0.26%) ISO 8583
7 1 (0.26%) SLA
7 1 (0.26%) WCAG
System Software
1 21 (5.50%) Docker
2 5 (1.31%) OpenAM
3 2 (0.52%) Hyper-V
3 2 (0.52%) KVM
3 2 (0.52%) NFS
3 2 (0.52%) SRDF
3 2 (0.52%) Virtual Desktop
3 2 (0.52%) VMware Infrastructure
3 2 (0.52%) Xen
4 1 (0.26%) Platform Symphony
4 1 (0.26%) Time Sharing Option
Systems Management
1 21 (5.50%) Kubernetes
2 13 (3.40%) Terraform
3 10 (2.62%) Ansible
4 4 (1.05%) Active Directory Federation Services
5 2 (0.52%) Puppet
6 1 (0.26%) ITRS Geneos
6 1 (0.26%) Oozie
Vendors
1 32 (8.38%) Microsoft
2 31 (8.12%) Google
3 14 (3.66%) Oracle
4 9 (2.36%) Splunk
5 8 (2.09%) MuleSoft
6 5 (1.31%) Apple
6 5 (1.31%) IBM
7 4 (1.05%) Confluent
8 3 (0.79%) Atlassian
8 3 (0.79%) Databricks
8 3 (0.79%) SAP
9 2 (0.52%) Blue Prism
9 2 (0.52%) Cisco
9 2 (0.52%) EMC
9 2 (0.52%) NetApp
9 2 (0.52%) Remedy
9 2 (0.52%) UiPath
9 2 (0.52%) Unisys
9 2 (0.52%) VMware
10 1 (0.26%) CA Agile Central