Period
to 20 April 2018

The median annual salary for a Banking Analyst was £55,000 in advertised job vacancies during the 6 months to 20 April 2018.

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

Banking Analyst
UK
6 months to
20 Apr 2018
Same period 2017 Same period 2016
Rank 837 705 700
Rank change year-on-year -132 -5 +23
Permanent jobs requiring a Banking Analyst 379 509 686
As % of all permanent IT jobs advertised in the UK 0.21% 0.29% 0.34%
As % of the Job Titles category 0.22% 0.31% 0.35%
Number of salaries quoted 266 423 511
UK median annual salary £55,000 £57,500 £55,000
Median salary % change year-on-year -4.35% +4.55% -
10th Percentile £33,375 £37,500 £32,000
90th Percentile £81,250 £80,000 £77,500
UK excluding London median annual salary £52,500 £45,000 £42,500
% change year-on-year +16.67% +5.88% -10.53%

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.

All Permanent IT Job Vacancies
UK
Permanent vacancies in the UK with a recognized job title 171,222 166,598 197,717
% of permanent IT jobs with a recognized job title 96.46% 96.55% 96.61%
Number of salaries quoted 140,041 138,371 165,893
UK median annual salary £50,000 £47,500 £47,500
Median salary % change year-on-year +5.26% - +5.56%
10th Percentile £27,500 £27,250 £26,750
90th Percentile £80,000 £77,500 £76,250
UK excluding London median annual salary £44,000 £42,500 £42,500
% change year-on-year +3.53% - +6.25%

Banking Analyst
Job Vacancy Trend

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

Job vacancy trend for Banking Analyst in the UK

Banking Analyst
Salary Trend

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing Banking Analyst.

Salary trend for Banking Analyst in the UK

Banking Analyst
Salary Histogram

The salary distribution of IT jobs citing Banking Analyst over the 6 months to 20 April 2018.

Salary histogram for Banking Analyst in the UK

Banking Analyst
Top 11 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 20 April 2018. 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
Job
Vacancies
England -112 372 £55,000 -4.35% 19
London -99 327 £57,500 - 14
UK excluding London 0 49 £52,500 +16.67% 6
Midlands +18 27 £52,500 +5.00% 2
West Midlands +12 27 £52,500 +5.00% 2
North of England -7 13 £52,500 +10.53% 2
North West -17 13 £52,500 +8.81% 2
South East +9 5 £40,000 - 1
Scotland -38 2 £43,500 +38.10%
South West - 2 £42,500 -
Channel Islands +3 1 £35,000 -

Banking Analyst Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 20 April 2018, Banking Analyst job roles required the following IT skills 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.

1 379 (100.00%) Banking
2 292 (77.04%) Finance
3 120 (31.66%) Investment Banking
4 98 (25.86%) Business Analysis
5 97 (25.59%) Degree
6 93 (24.54%) SQL
7 77 (20.32%) Derivative
8 69 (18.21%) Foreign Exchange (FX)
9 68 (17.94%) GAP Analysis
10 67 (17.68%) Agile Software Development
11 66 (17.41%) Front Office
12 60 (15.83%) Back Office
13 53 (13.98%) Fixed Income
13 53 (13.98%) Retail Banking
14 49 (12.93%) Equities
15 47 (12.40%) Unix
16 46 (12.14%) Stakeholder Management
17 45 (11.87%) Windows
18 44 (11.61%) Business Intelligence
18 44 (11.61%) MiFID
19 42 (11.08%) Corporate Banking
20 40 (10.55%) Analytical Skills
21 39 (10.29%) Analytics
21 39 (10.29%) Problem-Solving
22 37 (9.76%) SQL Server
23 36 (9.50%) Data Analysis
23 36 (9.50%) User Acceptance Testing
24 35 (9.23%) Virtual Team
25 33 (8.71%) Private Banking
26 32 (8.44%) Microsoft

Banking Analyst Skill Set
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 17 (4.49%) Apache
2 15 (3.96%) IIS
3 13 (3.43%) Tomcat
4 11 (2.90%) SharePoint
5 8 (2.11%) Skype for Business
6 5 (1.32%) SAS
7 3 (0.79%) WebLogic
8 1 (0.26%) Blackberry Enterprise Server
8 1 (0.26%) Confluence
8 1 (0.26%) IBM Notes
8 1 (0.26%) MQSeries
8 1 (0.26%) MS Exchange
8 1 (0.26%) WebSphere
8 1 (0.26%) WebSphere Application Server
Applications
1 15 (3.96%) Microsoft Office
2 13 (3.43%) Microsoft Excel
3 6 (1.58%) Microsoft PowerPoint
3 6 (1.58%) Microsoft Project
4 2 (0.53%) MS Visio
5 1 (0.26%) FreeHand
5 1 (0.26%) Spreadsheet
Business Applications
1 7 (1.85%) Eikon
1 7 (1.85%) WebTrends
2 5 (1.32%) FLEXCUBE
2 5 (1.32%) Oracle BPM
3 2 (0.53%) Salesforce.com CRM
4 1 (0.26%) Dynamics AX
4 1 (0.26%) Markit EDM
4 1 (0.26%) Sage X3
4 1 (0.26%) Summit
Cloud Services
1 7 (1.85%) Adobe Analytics
2 5 (1.32%) Trello
3 1 (0.26%) Amazon AWS
3 1 (0.26%) OpenShift
Communications & Networking
1 9 (2.37%) Internet
2 4 (1.06%) Firewall
3 3 (0.79%) FTP
3 3 (0.79%) LAN
3 3 (0.79%) WAN
4 2 (0.53%) Intrusion Detection
5 1 (0.26%) Cisco IOS
5 1 (0.26%) DHCP
5 1 (0.26%) DNS
5 1 (0.26%) Intranet
5 1 (0.26%) Skype
5 1 (0.26%) TCP/IP
5 1 (0.26%) VPN
5 1 (0.26%) Wi-Fi
Database & Business Intelligence
1 37 (9.76%) SQL Server
2 14 (3.69%) Power BI
3 10 (2.64%) Data Warehouse
4 6 (1.58%) Data Mining
5 4 (1.06%) MySQL
5 4 (1.06%) Oracle Database
5 4 (1.06%) QlikView
6 3 (0.79%) Blockchain
6 3 (0.79%) BusinessObjects
6 3 (0.79%) Enterprise Data Warehouse
6 3 (0.79%) Oracle Database 11g
7 2 (0.53%) Big Data
7 2 (0.53%) MS Access
7 2 (0.53%) PowerPivot
7 2 (0.53%) Relational Database
7 2 (0.53%) SQL Server 2008
8 1 (0.26%) Crystal Reports
8 1 (0.26%) Oracle Database 12c
8 1 (0.26%) Oracle Reports
8 1 (0.26%) SQL Server 2012
Development Applications
1 16 (4.22%) Selenium
2 15 (3.96%) HP UFT
2 15 (3.96%) JIRA
2 15 (3.96%) SoapUI
3 5 (1.32%) YouTrack
4 2 (0.53%) Team Foundation Server
5 1 (0.26%) Maven
5 1 (0.26%) SQL Server Management Studio (SSMS)
General
1 379 (100.00%) Banking
2 292 (77.04%) Finance
3 120 (31.66%) Investment Banking
4 66 (17.41%) Front Office
5 60 (15.83%) Back Office
6 53 (13.98%) Retail Banking
7 42 (11.08%) Corporate Banking
8 33 (8.71%) Private Banking
9 30 (7.92%) Marketing
10 19 (5.01%) Legal
11 14 (3.69%) International Banking
12 13 (3.43%) Financial Institution
13 7 (1.85%) German Language
14 6 (1.58%) Law
15 5 (1.32%) Retail
16 2 (0.53%) Wholesale Banking
17 1 (0.26%) General Ledger
Libraries, Frameworks & Software Standards
1 23 (6.07%) XML
2 18 (4.75%) REST
3 15 (3.96%) MSMQ
3 15 (3.96%) RabbitMQ
3 15 (3.96%) RESTful
3 15 (3.96%) WebSphere MQ
4 3 (0.79%) .NET
4 3 (0.79%) LAMP
5 1 (0.26%) FIX Protocol
5 1 (0.26%) Middleware
5 1 (0.26%) Silverlight
Miscellaneous
1 77 (20.32%) Derivative
2 69 (18.21%) Foreign Exchange (FX)
3 53 (13.98%) Fixed Income
4 49 (12.93%) Equities
5 40 (10.55%) Analytical Skills
6 35 (9.23%) Virtual Team
7 25 (6.60%) Credit Derivative
8 20 (5.28%) Fintech
8 20 (5.28%) Greenfield Project
9 18 (4.75%) Credit Risk
10 17 (4.49%) User Experience
11 14 (3.69%) Data Structures
11 14 (3.69%) SWIFT
12 13 (3.43%) Computer Science
13 9 (2.37%) Blackberry
14 8 (2.11%) iPad
14 8 (2.11%) Management Information System
15 6 (1.58%) iPhone
15 6 (1.58%) PACS
16 4 (1.06%) Hedge funds
Operating Systems
1 47 (12.40%) Unix
2 45 (11.87%) Windows
3 31 (8.18%) Linux
4 9 (2.37%) Windows 7
5 8 (2.11%) Windows 10
6 7 (1.85%) Windows Server
7 6 (1.58%) Android
8 4 (1.06%) Solaris
8 4 (1.06%) Windows Server 2008
8 4 (1.06%) Windows Server 2012
9 3 (0.79%) AIX
9 3 (0.79%) Windows XP
10 2 (0.53%) CentOS
10 2 (0.53%) HPUX
10 2 (0.53%) Red Hat Enterprise Linux
10 2 (0.53%) Windows Server 2003
11 1 (0.26%) Mac OS X
11 1 (0.26%) Windows 8
11 1 (0.26%) Windows NT
Processes & Methodologies
1 98 (25.86%) Business Analysis
2 68 (17.94%) GAP Analysis
3 67 (17.68%) Agile Software Development
4 46 (12.14%) Stakeholder Management
5 44 (11.61%) Business Intelligence
6 39 (10.29%) Analytics
6 39 (10.29%) Problem-Solving
7 36 (9.50%) Data Analysis
7 36 (9.50%) User Acceptance Testing
8 31 (8.18%) Change Management
9 29 (7.65%) Wealth Management
10 28 (7.39%) Data Management
11 27 (7.12%) Decision-Making
12 24 (6.33%) Process Management
13 23 (6.07%) Risk Management
13 23 (6.07%) Target Operating Model
14 21 (5.54%) Test Automation
15 20 (5.28%) Workflow
16 19 (5.01%) ITIL
17 18 (4.75%) Visualisation
Programming Languages
1 93 (24.54%) SQL
2 13 (3.43%) Java
3 11 (2.90%) C
4 10 (2.64%) Python
5 7 (1.85%) C#
5 7 (1.85%) PowerShell
6 5 (1.32%) Perl
6 5 (1.32%) VBA
7 3 (0.79%) C++
7 3 (0.79%) PHP
7 3 (0.79%) PL/SQL
7 3 (0.79%) R
7 3 (0.79%) T-SQL
8 2 (0.53%) MATLAB
8 2 (0.53%) RPG
8 2 (0.53%) Shell Script
9 1 (0.26%) JavaScript
9 1 (0.26%) VB
9 1 (0.26%) VB.NET
Qualifications
1 97 (25.59%) Degree
2 11 (2.90%) CISSP
3 10 (2.64%) CISM
4 9 (2.37%) GIAC
5 8 (2.11%) CISA
6 7 (1.85%) Computer Science Degree
7 6 (1.58%) ITIL Certification
8 5 (1.32%) MCSE
8 5 (1.32%) Microsoft Certification
9 4 (1.06%) MCSA
10 3 (0.79%) PMI Certification
11 2 (0.53%) Master's Degree
11 2 (0.53%) Numerate Degree
12 1 (0.26%) AAT
12 1 (0.26%) ACCA
12 1 (0.26%) CBAP
12 1 (0.26%) CFA
12 1 (0.26%) CIPFA
12 1 (0.26%) CRISC
12 1 (0.26%) PRINCE2 Certification
Quality Assurance & Compliance
1 44 (11.61%) MiFID
2 22 (5.80%) QA
3 15 (3.96%) Data Quality
4 13 (3.43%) PSD2
5 10 (2.64%) PMO
6 6 (1.58%) SLA
7 5 (1.32%) GDPR
8 4 (1.06%) ISO/IEC 27001
9 3 (0.79%) IFRS
9 3 (0.79%) IFRS 9
10 2 (0.53%) FATCA
10 2 (0.53%) ISO 9001
10 2 (0.53%) Sarbanes-Oxley
11 1 (0.26%) Basel II
11 1 (0.26%) Basel III
11 1 (0.26%) EMIR
System Software
1 15 (3.96%) Active Directory
2 1 (0.26%) Hyper-V
2 1 (0.26%) Virtual Desktop
Systems Management
1 10 (2.64%) SCCM
2 8 (2.11%) McAfee ePO
2 8 (2.11%) Nessus
2 8 (2.11%) OpenVAS
3 2 (0.53%) RSA Security Analytics
4 1 (0.26%) Cisco CUCM
4 1 (0.26%) Control-M
4 1 (0.26%) Ganglia
4 1 (0.26%) MaaS360
4 1 (0.26%) Norton AntiVirus
Vendors
1 32 (8.44%) Microsoft
2 26 (6.86%) Calypso
3 23 (6.07%) Tableau
4 17 (4.49%) Oracle
5 14 (3.69%) Alteryx
6 13 (3.43%) IBM
6 13 (3.43%) Informatica
7 10 (2.64%) Bloomberg
7 10 (2.64%) Citrix
8 9 (2.37%) Murex
9 8 (2.11%) Acunetix
9 8 (2.11%) CyberArk
9 8 (2.11%) FactSet
9 8 (2.11%) McAfee
9 8 (2.11%) Palo Alto
9 8 (2.11%) Qualys
9 8 (2.11%) Splunk
10 7 (1.85%) Adobe
10 7 (1.85%) VMware
11 6 (1.58%) SAP