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 4 May 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
4 May 2024
Same period 2023 Same period 2022
Rank 828 902 1098
Rank change year-on-year +74 +196 -235
Permanent jobs requiring a Banking Analyst 83 97 115
As % of all permanent jobs advertised in the UK 0.084% 0.094% 0.073%
As % of the Job Titles category 0.089% 0.10% 0.076%
Number of salaries quoted 72 92 111
10th Percentile £45,439 £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% +19.15%
75th Percentile £112,500 £76,250 £91,250
90th Percentile £138,750 £91,250 £100,000
UK excluding London median annual salary £42,000 £51,250 £44,000
% change year-on-year -18.05% +16.48% +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 93,212 94,769 150,357
% of permanent jobs with a recognized job title 94.62% 91.51% 96.09%
Number of salaries quoted 66,814 59,630 85,382
10th Percentile £28,500 £32,500 £32,500
25th Percentile £38,500 £45,000 £42,500
Median annual salary (50th Percentile) £52,500 £60,000 £60,000
Median % change year-on-year -12.50% - +9.09%
75th Percentile £71,250 £81,250 £78,750
90th Percentile £90,000 £100,000 £96,225
UK excluding London median annual salary £50,000 £53,000 £50,000
% change year-on-year -5.66% +6.00% +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 4 May 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 4 May 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 +78 81 £85,000 +51.79% 9
London +110 76 £87,500 +56.25% 6
Work from Home +85 43 £92,500 +68.18% 1
UK excluding London -10 6 £42,000 -18.05% 3
South East +18 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 4 May 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 83 (100.00%) Banking
2 60 (72.29%) Finance
3 56 (67.47%) SQL
4 36 (43.37%) Python
5 29 (34.94%) Front Office
6 28 (33.73%) Asset Management
6 28 (33.73%) Hedge funds
6 28 (33.73%) Mentoring
7 27 (32.53%) Back Office
7 27 (32.53%) Derivative
7 27 (32.53%) Investment Management
7 27 (32.53%) C#
8 16 (19.28%) Inclusion and Diversity
9 15 (18.07%) Technical Analysis
9 15 (18.07%) Retail Banking
9 15 (18.07%) Data Warehouse
10 13 (15.66%) Windows
11 11 (13.25%) Problem-Solving
12 10 (12.05%) ITIL
12 10 (12.05%) Oracle
13 9 (10.84%) Microsoft Exchange
13 9 (10.84%) Reuters
13 9 (10.84%) Bloomberg
13 9 (10.84%) FIX Protocol
14 8 (9.64%) Ruby
14 8 (9.64%) Ubuntu
14 8 (9.64%) PowerShell
14 8 (9.64%) CentOS
14 8 (9.64%) Trayport
14 8 (9.64%) ION Trading

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 9 (10.84%) Microsoft Exchange
Applications
1 1 (1.20%) Microsoft Office
Business Applications
1 8 (9.64%) Fidessa
2 3 (3.61%) Oracle Cash Management
3 1 (1.20%) Oracle ERP
Cloud Services
1 7 (8.43%) Microsoft 365
2 5 (6.02%) Azure
3 4 (4.82%) AWS
3 4 (4.82%) Cloud Computing
4 2 (2.41%) SaaS
5 1 (1.20%) Entra ID
5 1 (1.20%) Power Platform
Communications & Networking
1 8 (9.64%) DHCP
1 8 (9.64%) DNS
1 8 (9.64%) Firewall
1 8 (9.64%) FIX Connectivity
1 8 (9.64%) TCP/IP
2 4 (4.82%) Wireless
3 3 (3.61%) LAN
3 3 (3.61%) WAN
4 1 (1.20%) VPN
4 1 (1.20%) Wi-Fi
Database & Business Intelligence
1 15 (18.07%) Data Warehouse
2 8 (9.64%) SQL Server
3 6 (7.23%) Metadata
4 1 (1.20%) Data Mart
4 1 (1.20%) Power BI
Development Applications
1 2 (2.41%) JIRA
1 2 (2.41%) Postman
General
1 83 (100.00%) Banking
2 60 (72.29%) Finance
3 29 (34.94%) Front Office
4 27 (32.53%) Back Office
5 16 (19.28%) Inclusion and Diversity
6 15 (18.07%) Retail Banking
7 8 (9.64%) Analytical Skills
7 8 (9.64%) Social Skills
8 4 (4.82%) Documentation Skills
8 4 (4.82%) Financial Institution
8 4 (4.82%) International Banking
8 4 (4.82%) Law
9 2 (2.41%) Investment Banking
9 2 (2.41%) Retail
10 1 (1.20%) Influencing Skills
10 1 (1.20%) Private Banking
Libraries, Frameworks & Software Standards
1 9 (10.84%) FIX Protocol
2 2 (2.41%) OpenID
Miscellaneous
1 28 (33.73%) Hedge funds
2 27 (32.53%) Derivative
3 8 (9.64%) Eurex
4 7 (8.43%) SWIFT Messaging Network
5 6 (7.23%) Onboarding
6 2 (2.41%) Management Information System
7 1 (1.20%) Blackberry
7 1 (1.20%) CMDB
7 1 (1.20%) Data Centre
7 1 (1.20%) Foreign Exchange (FX)
7 1 (1.20%) Legacy Systems
Operating Systems
1 13 (15.66%) Windows
2 8 (9.64%) CentOS
2 8 (9.64%) Linux
2 8 (9.64%) Solaris
2 8 (9.64%) Ubuntu
2 8 (9.64%) Unix
3 4 (4.82%) Windows Server
4 2 (2.41%) Windows 10
5 1 (1.20%) Windows 7
5 1 (1.20%) Windows Server 2012
Processes & Methodologies
1 28 (33.73%) Asset Management
1 28 (33.73%) Mentoring
2 27 (32.53%) Investment Management
3 15 (18.07%) Technical Analysis
4 11 (13.25%) Problem-Solving
5 10 (12.05%) ITIL
6 8 (9.64%) Client Onboarding
6 8 (9.64%) Requirements Gathering
7 7 (8.43%) Cybersecurity
7 7 (8.43%) Data Modelling
7 7 (8.43%) Information Security
7 7 (8.43%) Logical Data Model
7 7 (8.43%) Use Case
8 6 (7.23%) Customer Service
8 6 (7.23%) Data Analysis
8 6 (7.23%) Data Governance
8 6 (7.23%) Data Management
8 6 (7.23%) Domain Models
8 6 (7.23%) Metadata Management
8 6 (7.23%) Physical Data Model
Programming Languages
1 56 (67.47%) SQL
2 36 (43.37%) Python
3 27 (32.53%) C#
4 8 (9.64%) Bash
4 8 (9.64%) JavaScript
4 8 (9.64%) Perl
4 8 (9.64%) PowerShell
4 8 (9.64%) Ruby
5 4 (4.82%) Java
6 1 (1.20%) VBA
Qualifications
1 4 (4.82%) PMP
2 3 (3.61%) AWS Certification
2 3 (3.61%) Azure Certification
2 3 (3.61%) Degree
2 3 (3.61%) MCP
2 3 (3.61%) Microsoft Certification
3 1 (1.20%) CBAP
Quality Assurance & Compliance
1 6 (7.23%) Data Quality
2 4 (4.82%) QA
3 1 (1.20%) Actionable Recommendations
System Software
1 2 (2.41%) Active Directory
2 1 (1.20%) Virtual Desktop
2 1 (1.20%) VMware ESXi
2 1 (1.20%) VMware Infrastructure
2 1 (1.20%) vSphere
Systems Management
1 1 (1.20%) McAfee ePO
1 1 (1.20%) Microsoft Intune
1 1 (1.20%) NetBackup
1 1 (1.20%) Norton AntiVirus
1 1 (1.20%) SCCM
1 1 (1.20%) Symantec Enterprise Vault
1 1 (1.20%) vCenter Server
1 1 (1.20%) WSUS
Vendors
1 10 (12.05%) Oracle
2 9 (10.84%) Bloomberg
2 9 (10.84%) Reuters
3 8 (9.64%) CQG
3 8 (9.64%) ION Trading
3 8 (9.64%) Patsystems
3 8 (9.64%) Red Hat
3 8 (9.64%) Trayport
4 4 (4.82%) IBM
4 4 (4.82%) Microsoft
5 3 (3.61%) PeopleSoft
6 1 (1.20%) Alteryx
6 1 (1.20%) Altiris
6 1 (1.20%) McAfee
6 1 (1.20%) Murex
6 1 (1.20%) RightFax
6 1 (1.20%) Salesforce
6 1 (1.20%) SAP
6 1 (1.20%) Symantec
6 1 (1.20%) VMware