Banking Analyst
UK

The median Banking Analyst salary in the UK is £86,250 per year according to job vacancies posted during the 6 months to 17 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
17 May 2024
Same period 2023 Same period 2022
Rank 800 868 1127
Rank change year-on-year +68 +259 -251
Permanent jobs requiring a Banking Analyst 83 91 106
As % of all permanent jobs advertised in the UK 0.083% 0.092% 0.066%
As % of the Job Titles category 0.088% 0.10% 0.069%
Number of salaries quoted 72 86 101
10th Percentile £45,625 £48,750 £41,250
25th Percentile £73,750 £52,500 £55,000
Median annual salary (50th Percentile) £86,250 £56,000 £65,000
Median % change year-on-year +54.02% -13.85% +13.04%
75th Percentile £112,500 £76,250 £85,000
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 94,483 90,798 154,064
% of permanent jobs with a recognized job title 94.68% 91.49% 96.09%
Number of salaries quoted 67,539 57,358 84,412
10th Percentile £28,500 £32,500 £32,500
25th Percentile £38,500 £45,000 £42,526
Median annual salary (50th Percentile) £52,500 £60,000 £60,000
Median % change year-on-year -12.50% - +9.09%
75th Percentile £71,000 £80,000 £78,750
90th Percentile £90,000 £100,000 £95,000
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 17 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 17 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 +92 81 £86,250 +54.02% 13
London +117 76 £87,500 +56.25% 9
Work from Home +77 44 £105,000 +90.91% 3
UK excluding London -16 6 £42,000 -18.05% 5
South East 0 4 £42,000 -1.18% 1
North of England - 1 - - 1
North West - 1 - - 1
Scotland - 1 - -

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

For the 6 months to 17 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 59 (71.08%) SQL
4 39 (46.99%) Python
5 31 (37.35%) Front Office
6 30 (36.14%) Asset Management
6 30 (36.14%) Hedge funds
7 29 (34.94%) Investment Management
7 29 (34.94%) Derivative
8 27 (32.53%) Back Office
8 27 (32.53%) C#
8 27 (32.53%) Mentoring
9 15 (18.07%) Technical Analysis
9 15 (18.07%) Inclusion and Diversity
9 15 (18.07%) Retail Banking
9 15 (18.07%) Data Warehouse
10 14 (16.87%) Windows
11 11 (13.25%) ITIL
11 11 (13.25%) Problem-Solving
12 10 (12.05%) Oracle
12 10 (12.05%) Microsoft Exchange
12 10 (12.05%) Reuters
12 10 (12.05%) Bloomberg
12 10 (12.05%) FIX Protocol
13 9 (10.84%) Ruby
13 9 (10.84%) Ubuntu
13 9 (10.84%) Bash
13 9 (10.84%) PowerShell
13 9 (10.84%) CentOS
13 9 (10.84%) Trayport

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 (12.05%) Microsoft Exchange
2 2 (2.41%) Apache
Applications
1 1 (1.20%) Microsoft Office
Business Applications
1 9 (10.84%) Fidessa
2 4 (4.82%) Oracle Cash Management
Cloud Services
1 7 (8.43%) AWS
1 7 (8.43%) Microsoft 365
2 6 (7.23%) Azure
3 4 (4.82%) Cloud Computing
4 3 (3.61%) Power Platform
5 2 (2.41%) dbt
5 2 (2.41%) SaaS
6 1 (1.20%) Entra ID
Communications & Networking
1 9 (10.84%) DHCP
1 9 (10.84%) DNS
1 9 (10.84%) Firewall
1 9 (10.84%) FIX Connectivity
1 9 (10.84%) 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 9 (10.84%) SQL Server
3 6 (7.23%) Metadata
4 3 (3.61%) Power BI
5 2 (2.41%) Apache Arrow
5 2 (2.41%) Big Data
5 2 (2.41%) Data Lake
5 2 (2.41%) Dremio
5 2 (2.41%) Tableau
6 1 (1.20%) Data Mart
Development Applications
1 2 (2.41%) JIRA
1 2 (2.41%) Postman
General
1 83 (100.00%) Banking
2 60 (72.29%) Finance
3 31 (37.35%) Front Office
4 27 (32.53%) Back Office
5 15 (18.07%) Inclusion and Diversity
5 15 (18.07%) Retail Banking
6 7 (8.43%) Analytical Skills
6 7 (8.43%) Social Skills
7 4 (4.82%) Documentation Skills
7 4 (4.82%) Financial Institution
7 4 (4.82%) International Banking
7 4 (4.82%) Investment Banking
7 4 (4.82%) Law
8 1 (1.20%) Influencing Skills
8 1 (1.20%) Retail
Libraries, Frameworks & Software Standards
1 10 (12.05%) FIX Protocol
2 2 (2.41%) OpenID
Miscellaneous
1 30 (36.14%) Hedge funds
2 29 (34.94%) Derivative
3 9 (10.84%) Eurex
4 8 (9.64%) SWIFT Messaging Network
5 6 (7.23%) Onboarding
6 3 (3.61%) Foreign Exchange (FX)
7 2 (2.41%) Equities
7 2 (2.41%) Fixed Income
7 2 (2.41%) Management Information System
7 2 (2.41%) Product Ownership
8 1 (1.20%) Blackberry
8 1 (1.20%) CMDB
8 1 (1.20%) Legacy Systems
Operating Systems
1 14 (16.87%) Windows
2 9 (10.84%) CentOS
2 9 (10.84%) Linux
2 9 (10.84%) Solaris
2 9 (10.84%) Ubuntu
2 9 (10.84%) 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 30 (36.14%) Asset Management
2 29 (34.94%) Investment Management
3 27 (32.53%) Mentoring
4 15 (18.07%) Technical Analysis
5 11 (13.25%) ITIL
5 11 (13.25%) Problem-Solving
6 9 (10.84%) Client Onboarding
7 7 (8.43%) Cybersecurity
7 7 (8.43%) Information Security
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%) Data Modelling
8 6 (7.23%) Domain Models
8 6 (7.23%) Logical Data Model
8 6 (7.23%) Metadata Management
8 6 (7.23%) Physical Data Model
8 6 (7.23%) Requirements Gathering
8 6 (7.23%) Use Case
Programming Languages
1 59 (71.08%) SQL
2 39 (46.99%) Python
3 27 (32.53%) C#
4 9 (10.84%) Bash
4 9 (10.84%) JavaScript
4 9 (10.84%) Perl
4 9 (10.84%) PowerShell
4 9 (10.84%) 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%) MCP
2 3 (3.61%) Microsoft Certification
3 2 (2.41%) Degree
4 1 (1.20%) CBAP
Quality Assurance & Compliance
1 6 (7.23%) Data Quality
2 4 (4.82%) QA
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%) Bloomberg
1 10 (12.05%) Oracle
1 10 (12.05%) Reuters
2 9 (10.84%) CQG
2 9 (10.84%) ION Trading
2 9 (10.84%) Patsystems
2 9 (10.84%) Red Hat
2 9 (10.84%) Trayport
3 4 (4.82%) IBM
3 4 (4.82%) Microsoft
3 4 (4.82%) PeopleSoft
4 1 (1.20%) Alteryx
4 1 (1.20%) Altiris
4 1 (1.20%) McAfee
4 1 (1.20%) Murex
4 1 (1.20%) RightFax
4 1 (1.20%) Salesforce
4 1 (1.20%) SAP
4 1 (1.20%) Symantec
4 1 (1.20%) VMware