Banking Job Trends in Somerset

Banking
South West > Somerset

The table below looks at the prevalence of the term Banking in permanent job vacancies in Somerset. Included is a benchmarking guide to the salaries offered in vacancies that cited Banking over the 6 months leading up to 2 January 2026, comparing them to the same period in the previous two years.

6 months to
2 Jan 2026
Same period 2025 Same period 2024
Rank 39 - 48
Rank change year-on-year - - +17
Permanent jobs citing Banking 22 0 1
As % of all permanent jobs in Somerset 3.91% - 0.28%
As % of the General category 6.20% - 0.53%
Number of salaries quoted 1 0 1
10th Percentile - - -
25th Percentile £67,500 - £35,733
Median annual salary (50th Percentile) £70,000 - £36,699
Median % change year-on-year - - -51.07%
75th Percentile £72,500 - £37,664
90th Percentile - - -
South West median annual salary £25,087 £71,991 £70,576
% change year-on-year -65.15% +2.01% +9.25%

All General Skills
Somerset

Banking falls under the General Skills category. For comparison with the information above, the following table provides summary statistics for all permanent job vacancies requiring general skills in Somerset.

Permanent vacancies with a requirement for general skills 355 273 187
As % of all permanent jobs advertised in Somerset 63.17% 59.22% 52.53%
Number of salaries quoted 143 86 156
10th Percentile £24,250 £32,500 £25,500
25th Percentile £26,500 £40,000 £28,875
Median annual salary (50th Percentile) £36,000 £55,000 £42,500
Median % change year-on-year -34.55% +29.41% -15.00%
75th Percentile £49,362 £75,000 £60,000
90th Percentile £65,000 £85,000 £70,000
South West median annual salary £45,000 £52,500 £52,500
% change year-on-year -14.29% - +5.00%

Banking
Job Vacancy Trend in Somerset

Historical trend showing the proportion of permanent IT job postings citing Banking relative to all permanent IT jobs advertised in Somerset.

Banking job vacancy trend in Somerset

Banking
Salary Trend in Somerset

Salary distribution trend for jobs in Somerset citing Banking.

Salary distribution trend for jobs in Somerset citing Banking

Banking
Job Locations in Somerset

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Banking within the Somerset region over the 6 months to 2 January 2026. 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
Portishead - 8 - -
Street - 6 - - 1
Bath - 1 £70,000 - 1
Banking
South West

Banking
Co-Occurring Skills & Capabilities in Somerset by Category

The following tables expand on the one above by listing co-occurrences grouped by category. They cover the same employment type, locality and period, with up to 20 co-occurrences shown in each category:

Applications
1 1 (4.55%) Microsoft Office
Cloud Services
1 6 (27.27%) Cloud Computing
Communications & Networking
1 6 (27.27%) Internet
General
1 16 (72.73%) Finance
2 7 (31.82%) Social Skills
3 6 (27.27%) Inclusion and Diversity
4 1 (4.55%) Back Office
4 1 (4.55%) Influencing Skills
Job Titles
1 5 (22.73%) Lecturer
Miscellaneous
1 6 (27.27%) IoT
Processes & Methodologies
1 16 (72.73%) Due Diligence
1 16 (72.73%) Process Improvement
2 15 (68.18%) Business Continuity
2 15 (68.18%) Business Continuity Management
2 15 (68.18%) Information Security
2 15 (68.18%) Operations Management
2 15 (68.18%) Risk Assessment
2 15 (68.18%) Risk Management
2 15 (68.18%) Roadmaps
2 15 (68.18%) Supply Chain Management
3 6 (27.27%) AI
3 6 (27.27%) Cybersecurity
3 6 (27.27%) Machine Learning
3 6 (27.27%) User Experience
3 6 (27.27%) Web Development
4 1 (4.55%) Attestation
4 1 (4.55%) Cash Management
4 1 (4.55%) Fintech
4 1 (4.55%) Innovative Thinking
4 1 (4.55%) Problem-Solving
Qualifications
1 15 (68.18%) CISA
1 15 (68.18%) CISSP
1 15 (68.18%) CRISC
2 7 (31.82%) Degree
3 6 (27.27%) Master's Degree
3 6 (27.27%) PhD
3 6 (27.27%) Postgraduate
Quality Assurance & Compliance
1 15 (68.18%) NIST
1 15 (68.18%) PCI DSS