Banking Analyst Contracts

Banking Analyst
UK

The median Banking Analyst daily rate in the UK is £625 according to job vacancies posted during the 6 months to 5 May 2024.

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

6 months to
5 May 2024
Same period 2023 Same period 2022
Rank 437 530 568
Rank change year-on-year +93 +38 -14
Contract jobs requiring a Banking Analyst 164 187 304
As % of all contract jobs advertised in the UK 0.38% 0.32% 0.34%
As % of the Job Titles category 0.41% 0.33% 0.36%
Number of daily rates quoted 83 135 197
10th Percentile £357 £375 £400
25th Percentile £481 £483 £471
Median daily rate (50th Percentile) £625 £575 £575
Median % change year-on-year +8.70% - +17.95%
75th Percentile £700 £700 £700
90th Percentile £850 £800 £750
UK excluding London median daily rate £356 £400 £463
% change year-on-year -11.00% -13.51% +15.63%

All Contract IT Job Vacancies
UK

The following table is for comparison with the above and includes summary statistics for all contract 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 contract jobs in our overall sample.

Contract vacancies in the UK with a recognized job title 40,029 55,895 84,701
% of contract IT jobs with a recognized job title 92.75% 94.62% 95.46%
Number of daily rates quoted 26,060 39,048 59,505
10th Percentile £280 £313 £313
25th Percentile £409 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +10.53%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £490 £500 £475
% change year-on-year -2.00% +5.26% +11.76%
Number of hourly rates quoted 2,665 1,566 2,078
10th Percentile £12.86 £14.25 £12.50
25th Percentile £16.30 £19.11 £15.72
Median hourly rate £36.50 £45.00 £23.60
Median % change year-on-year -18.89% +90.68% +4.89%
75th Percentile £61.30 £65.75 £49.25
90th Percentile £72.50 £76.00 £63.75
UK excluding London median hourly rate £40.00 £42.00 £19.52
% change year-on-year -4.76% +115.16% +2.74%

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
Contractor Daily Rate Trend

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

Daily rate trend for Banking Analyst in the UK

Banking Analyst
Daily Rate Histogram

Daily rate distribution for jobs citing Banking Analyst over the 6 months to 5 May 2024.

Daily rate histogram for Banking Analyst in the UK

Banking Analyst
Contractor Hourly Rate Trend

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

Hourly rate trend for Banking Analyst in the UK

Banking Analyst
Top 11 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking Analyst within the UK over the 6 months to 5 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
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
England +80 143 £625 +4.17% 9
London +67 123 £625 +4.17% 6
Work from Home +154 92 £625 +25.00% 1
UK excluding London +73 21 £356 -11.00% 3
North of England +45 16 £581 +45.31% 1
Yorkshire - 15 £563 -
Midlands +30 2 £356 -11.00%
East Midlands +20 2 £356 -11.00%
South East - 2 £433 -
Scotland +40 1 £335 -
North West +25 1 £600 +50.00% 1

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

For the 6 months to 5 May 2024, Banking Analyst contract 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 contract job ads featuring Banking Analyst in the job title.

1 164 (100.00%) Banking
2 139 (84.76%) Finance
3 77 (46.95%) Change Management
4 51 (31.10%) Service Management
5 35 (21.34%) SQL
6 33 (20.12%) ITSM
7 30 (18.29%) Front Office
8 29 (17.68%) Investment Banking
9 28 (17.07%) Python
10 27 (16.46%) Social Skills
11 26 (15.85%) Back Office
12 25 (15.24%) ITIL
12 25 (15.24%) Derivative
13 21 (12.80%) C#
14 20 (12.20%) Asset Management
14 20 (12.20%) Mentoring
14 20 (12.20%) Investment Management
14 20 (12.20%) Hedge funds
15 19 (11.59%) Analytical Skills
16 17 (10.37%) Microsoft Excel
16 17 (10.37%) GAP Analysis
17 14 (8.54%) Data Analysis
17 14 (8.54%) Microsoft PowerPoint
18 13 (7.93%) DevOps
18 13 (7.93%) Business Analysis
18 13 (7.93%) Stakeholder Management
18 13 (7.93%) PMO
18 13 (7.93%) Site Reliability Engineering
19 12 (7.32%) Problem-Solving
19 12 (7.32%) Agile

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 3 (1.83%) Confluence
2 2 (1.22%) Apache Spark
3 1 (0.61%) Appian
Applications
1 17 (10.37%) Microsoft Excel
2 14 (8.54%) Microsoft PowerPoint
3 8 (4.88%) MS Visio
4 4 (2.44%) Microsoft Office
Business Applications
1 4 (2.44%) Oracle Subledger Accounting
2 3 (1.83%) FLEXCUBE
3 2 (1.22%) Oracle Assets
3 2 (1.22%) Oracle EBS
3 2 (1.22%) Oracle EBS R12
3 2 (1.22%) Oracle Financials
3 2 (1.22%) Oracle General Ledger
3 2 (1.22%) Oracle Payables
4 1 (0.61%) Finacle
4 1 (0.61%) Remedy ITSM
4 1 (0.61%) Temenos T24
Cloud Services
1 4 (2.44%) Power Platform
2 3 (1.83%) Azure
3 2 (1.22%) OCI
4 1 (0.61%) AWS
4 1 (0.61%) Power Automate
4 1 (0.61%) PowerApps
Database & Business Intelligence
1 4 (2.44%) Power BI
2 3 (1.83%) Hadoop
2 3 (1.83%) Impala
2 3 (1.83%) Tableau
3 2 (1.22%) Apache Hive
3 2 (1.22%) Big Data
3 2 (1.22%) Oracle Reports
3 2 (1.22%) SQL Server
4 1 (0.61%) Data Mining
4 1 (0.61%) NoSQL
4 1 (0.61%) RDBMS
4 1 (0.61%) Relational Database
Development Applications
1 7 (4.27%) JIRA
2 1 (0.61%) Git
General
1 164 (100.00%) Banking
2 139 (84.76%) Finance
3 30 (18.29%) Front Office
4 29 (17.68%) Investment Banking
5 27 (16.46%) Social Skills
6 26 (15.85%) Back Office
7 19 (11.59%) Analytical Skills
8 7 (4.27%) Corporate Banking
8 7 (4.27%) General Ledger
8 7 (4.27%) Retail Banking
9 3 (1.83%) Financial Institution
10 2 (1.22%) Inclusion and Diversity
10 2 (1.22%) Organisational Skills
10 2 (1.22%) Presentation Skills
10 2 (1.22%) Retail
11 1 (0.61%) French Language
11 1 (0.61%) Influencing Skills
11 1 (0.61%) Legal
11 1 (0.61%) Prime Brokerage
Miscellaneous
1 25 (15.24%) Derivative
2 20 (12.20%) Hedge funds
3 10 (6.10%) Foreign Exchange (FX)
4 8 (4.88%) Product Ownership
5 7 (4.27%) SWIFT Messaging Network
6 4 (2.44%) Management Information System
7 3 (1.83%) Greenfield Project
7 3 (1.83%) Reference Data
8 2 (1.22%) Analytical Mindset
8 2 (1.22%) Credit Risk
8 2 (1.22%) Equities
8 2 (1.22%) Online Banking
9 1 (0.61%) CMDB
9 1 (0.61%) Equity Derivative
9 1 (0.61%) Fixed Income
9 1 (0.61%) Market Risk
9 1 (0.61%) OTC Derivatives
9 1 (0.61%) Self-Motivation
9 1 (0.61%) Synthetic Equity
9 1 (0.61%) Virtual Team
Processes & Methodologies
1 77 (46.95%) Change Management
2 51 (31.10%) Service Management
3 33 (20.12%) ITSM
4 25 (15.24%) ITIL
5 20 (12.20%) Asset Management
5 20 (12.20%) Investment Management
5 20 (12.20%) Mentoring
6 17 (10.37%) GAP Analysis
7 14 (8.54%) Data Analysis
8 13 (7.93%) Business Analysis
8 13 (7.93%) DevOps
8 13 (7.93%) Site Reliability Engineering
8 13 (7.93%) Stakeholder Management
9 12 (7.32%) Agile
9 12 (7.32%) Problem-Solving
10 9 (5.49%) Migration
10 9 (5.49%) Visualisation
11 7 (4.27%) Requirements Gathering
11 7 (4.27%) Risk Management
12 6 (3.66%) User Stories
Programming Languages
1 35 (21.34%) SQL
2 28 (17.07%) Python
3 21 (12.80%) C#
4 3 (1.83%) R
5 2 (1.22%) Java
5 2 (1.22%) VBA
6 1 (0.61%) C++
6 1 (0.61%) PL/SQL
Qualifications
1 10 (6.10%) Degree
2 4 (2.44%) SC Cleared
2 4 (2.44%) Security Cleared
3 1 (0.61%) ITIL Certification
3 1 (0.61%) ITIL Foundation Certificate
3 1 (0.61%) Master's Degree
3 1 (0.61%) MBA
3 1 (0.61%) Six Sigma Black Belt
3 1 (0.61%) Six Sigma Green Belt
3 1 (0.61%) Tableau Certification
Quality Assurance & Compliance
1 13 (7.93%) PMO
2 7 (4.27%) QA
3 5 (3.05%) EMIR
3 5 (3.05%) GAAP
3 5 (3.05%) SEPA
4 4 (2.44%) SLA
5 2 (1.22%) MiFID
6 1 (0.61%) Basel II
6 1 (0.61%) Basel III
6 1 (0.61%) ISO 20022
6 1 (0.61%) ISO 8583
Vendors
1 9 (5.49%) Microsoft
2 8 (4.88%) Oracle
2 8 (4.88%) ServiceNow
3 5 (3.05%) Bloomberg
4 3 (1.83%) GoldenSource
5 2 (1.22%) Calypso
5 2 (1.22%) Murex
5 2 (1.22%) Refinitiv
5 2 (1.22%) Salesforce
6 1 (0.61%) Alteryx
6 1 (0.61%) BMC
6 1 (0.61%) Fiserv
6 1 (0.61%) Remedy
6 1 (0.61%) Temenos