Banking Analyst
UK

The median Banking Analyst salary in the UK is £85,000 per year according to job vacancies posted during the 6 months to 19 April 2024.

The first table below provides salary benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
19 Apr 2024
Same period 2023 Same period 2022
Rank 822 901 1083
Rank change year-on-year +79 +182 -230
Permanent jobs requiring a Banking Analyst 86 97 122
As % of all permanent jobs advertised in the UK 0.088% 0.091% 0.080%
As % of the Job Titles category 0.093% 0.099% 0.083%
Number of salaries quoted 76 91 118
10th Percentile £47,194 £50,000 £41,250
25th Percentile £70,000 £52,500 £55,000
Median annual salary (50th Percentile) £85,000 £56,000 £70,000
Median % change year-on-year +51.79% -20.00% +21.74%
75th Percentile £112,500 £76,250 £91,875
90th Percentile £138,750 £91,250 £99,125
UK excluding London median annual salary £42,000 £42,500 £44,000
% change year-on-year -1.18% -3.41% +12.82%

All Permanent IT Job Vacancies
UK

The following table is for comparison with the above and includes summary statistics for all permanent IT job vacancies. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of permanent jobs in our overall sample.

Permanent vacancies in the UK with a recognized job title 91,989 97,583 147,027
% of permanent jobs with a recognized job title 94.63% 91.61% 96.02%
Number of salaries quoted 66,379 61,119 85,881
10th Percentile £28,500 £32,500 £32,500
25th Percentile £38,500 £45,000 £42,500
Median annual salary (50th Percentile) £53,000 £60,000 £60,000
Median % change year-on-year -11.67% - +9.09%
75th Percentile £71,250 £81,250 £78,750
90th Percentile £90,000 £100,000 £95,000
UK excluding London median annual salary £50,000 £52,500 £50,000
% change year-on-year -4.76% +5.00% +5.26%

Banking Analyst
Job Vacancy Trend

Job postings that featured Banking Analyst in the job title as a proportion of all IT jobs advertised.

Job vacancy trend for Banking Analyst in the UK

Banking Analyst
Salary Trend

3-month moving average salary quoted in jobs citing Banking Analyst.

Salary trend for Banking Analyst in the UK

Banking Analyst
Salary Histogram

Salary distribution for jobs citing Banking Analyst over the 6 months to 19 April 2024.

Salary histogram for Banking Analyst in the UK

Banking Analyst
Top 8 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Banking Analyst within the UK over the 6 months to 19 April 2024. 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
England +123 84 £85,000 +51.79% 6
London +142 79 £85,000 +51.79% 5
Work from Home +104 42 £92,500 +68.18%
UK excluding London +23 6 £42,000 -1.18% 1
South East +6 4 £42,000 -1.18%
North West - 1 - - 1
Scotland - 1 - -
North of England - 1 - - 1

Banking Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 19 April 2024, Banking Analyst job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads featuring Banking Analyst in the job title.

1 86 (100.00%) Banking
2 62 (72.09%) Finance
3 58 (67.44%) SQL
4 37 (43.02%) Python
5 28 (32.56%) Front Office
5 28 (32.56%) Derivative
5 28 (32.56%) Hedge funds
5 28 (32.56%) Mentoring
6 27 (31.40%) Investment Management
6 27 (31.40%) Asset Management
6 27 (31.40%) Back Office
6 27 (31.40%) C#
7 16 (18.60%) Retail Banking
7 16 (18.60%) Inclusion and Diversity
8 15 (17.44%) Technical Analysis
8 15 (17.44%) Data Warehouse
9 13 (15.12%) Windows
10 12 (13.95%) ITIL
11 11 (12.79%) Oracle
12 10 (11.63%) Microsoft Exchange
12 10 (11.63%) Reuters
12 10 (11.63%) Bloomberg
12 10 (11.63%) FIX Protocol
12 10 (11.63%) PowerShell
12 10 (11.63%) Problem-Solving
12 10 (11.63%) Requirements Gathering
13 9 (10.47%) Social Skills
13 9 (10.47%) Eurex
13 9 (10.47%) Client Onboarding
13 9 (10.47%) FIX Connectivity

Banking Analyst Skill Set
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 10 (11.63%) Microsoft Exchange
Applications
1 1 (1.16%) Microsoft Excel
1 1 (1.16%) Microsoft Office
Business Applications
1 9 (10.47%) Fidessa
2 3 (3.49%) Oracle Cash Management
3 1 (1.16%) Oracle ERP
Cloud Services
1 6 (6.98%) Microsoft 365
2 4 (4.65%) AWS
2 4 (4.65%) Azure
2 4 (4.65%) Cloud Computing
3 2 (2.33%) SaaS
4 1 (1.16%) Power Platform
Communications & Networking
1 9 (10.47%) DHCP
1 9 (10.47%) DNS
1 9 (10.47%) Firewall
1 9 (10.47%) FIX Connectivity
1 9 (10.47%) TCP/IP
2 4 (4.65%) Wireless
3 3 (3.49%) LAN
3 3 (3.49%) WAN
Database & Business Intelligence
1 15 (17.44%) Data Warehouse
2 9 (10.47%) SQL Server
3 6 (6.98%) Metadata
4 1 (1.16%) Data Mart
4 1 (1.16%) Power BI
Development Applications
1 2 (2.33%) JIRA
1 2 (2.33%) Postman
General
1 86 (100.00%) Banking
2 62 (72.09%) Finance
3 28 (32.56%) Front Office
4 27 (31.40%) Back Office
5 16 (18.60%) Inclusion and Diversity
5 16 (18.60%) Retail Banking
6 9 (10.47%) Social Skills
7 8 (9.30%) Analytical Skills
8 4 (4.65%) Documentation Skills
8 4 (4.65%) Financial Institution
8 4 (4.65%) International Banking
8 4 (4.65%) Law
9 3 (3.49%) Private Banking
9 3 (3.49%) Retail
10 2 (2.33%) Investment Banking
11 1 (1.16%) Influencing Skills
Libraries, Frameworks & Software Standards
1 10 (11.63%) FIX Protocol
2 2 (2.33%) OpenID
Miscellaneous
1 28 (32.56%) Derivative
1 28 (32.56%) Hedge funds
2 9 (10.47%) Eurex
3 7 (8.14%) SWIFT Messaging Network
4 6 (6.98%) Onboarding
5 2 (2.33%) Foreign Exchange (FX)
5 2 (2.33%) Management Information System
6 1 (1.16%) Blackberry
6 1 (1.16%) Data Centre
6 1 (1.16%) Product Ownership
Operating Systems
1 13 (15.12%) Windows
2 9 (10.47%) CentOS
2 9 (10.47%) Linux
2 9 (10.47%) Solaris
2 9 (10.47%) Ubuntu
2 9 (10.47%) Unix
3 4 (4.65%) Windows Server
4 1 (1.16%) Windows 10
4 1 (1.16%) Windows 7
4 1 (1.16%) Windows Server 2012
Processes & Methodologies
1 28 (32.56%) Mentoring
2 27 (31.40%) Asset Management
2 27 (31.40%) Investment Management
3 15 (17.44%) Technical Analysis
4 12 (13.95%) ITIL
5 10 (11.63%) Problem-Solving
5 10 (11.63%) Requirements Gathering
6 9 (10.47%) Client Onboarding
7 7 (8.14%) Cybersecurity
7 7 (8.14%) Data Modelling
7 7 (8.14%) Information Security
7 7 (8.14%) Logical Data Model
7 7 (8.14%) Test Strategy
7 7 (8.14%) Use Case
8 6 (6.98%) Data Analysis
8 6 (6.98%) Data Governance
8 6 (6.98%) Data Management
8 6 (6.98%) Domain Models
8 6 (6.98%) Metadata Management
8 6 (6.98%) Physical Data Model
Programming Languages
1 58 (67.44%) SQL
2 37 (43.02%) Python
3 27 (31.40%) C#
4 10 (11.63%) PowerShell
5 9 (10.47%) Bash
5 9 (10.47%) JavaScript
5 9 (10.47%) Perl
5 9 (10.47%) Ruby
6 4 (4.65%) Java
7 1 (1.16%) C++
Qualifications
1 4 (4.65%) PMP
2 3 (3.49%) AWS Certification
2 3 (3.49%) Azure Certification
2 3 (3.49%) MCP
2 3 (3.49%) Microsoft Certification
3 1 (1.16%) Degree
Quality Assurance & Compliance
1 6 (6.98%) Data Quality
2 4 (4.65%) QA
3 1 (1.16%) Actionable Recommendations
System Software
1 1 (1.16%) Active Directory
1 1 (1.16%) VMware ESXi
1 1 (1.16%) VMware Infrastructure
1 1 (1.16%) vSphere
Systems Management
1 1 (1.16%) McAfee ePO
1 1 (1.16%) NetBackup
1 1 (1.16%) Norton AntiVirus
1 1 (1.16%) SCCM
1 1 (1.16%) Symantec Enterprise Vault
1 1 (1.16%) vCenter Server
1 1 (1.16%) WSUS
Vendors
1 11 (12.79%) Oracle
2 10 (11.63%) Bloomberg
2 10 (11.63%) Reuters
3 9 (10.47%) CQG
3 9 (10.47%) ION Trading
3 9 (10.47%) Patsystems
3 9 (10.47%) Red Hat
3 9 (10.47%) Trayport
4 4 (4.65%) IBM
4 4 (4.65%) Microsoft
5 3 (3.49%) PeopleSoft
6 1 (1.16%) Altiris
6 1 (1.16%) McAfee
6 1 (1.16%) Murex
6 1 (1.16%) RightFax
6 1 (1.16%) Salesforce
6 1 (1.16%) SAP
6 1 (1.16%) Symantec
6 1 (1.16%) VMware