Banking
UK
The table below looks at the prevalence of the term Banking in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Banking over the 6 months to 17 May 2024 with a comparison to the same period over the previous 2 years.
| 6 months to 17 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 25 | 24 | 27 |
| Rank change year-on-year | -1 | +3 | -4 |
| Contract jobs citing Banking | 2,695 | 4,281 | 6,320 |
| As % of all contract jobs advertised in the UK | 6.33% | 7.53% | 7.22% |
| As % of the General category | 10.92% | 12.85% | 12.79% |
| Number of daily rates quoted | 1,855 | 3,010 | 4,164 |
| 10th Percentile | £386 | £450 | £425 |
| 25th Percentile | £500 | £525 | £513 |
| Median daily rate (50th Percentile) | £613 | £650 | £625 |
| Median % change year-on-year | -5.77% | +4.00% | +12.11% |
| 75th Percentile | £768 | £788 | £750 |
| 90th Percentile | £850 | £888 | £825 |
| UK excluding London median daily rate | £513 | £550 | £500 |
| % change year-on-year | -6.82% | +10.00% | +16.01% |
| Number of hourly rates quoted | 25 | 9 | 24 |
| 10th Percentile | £12.12 | £13.32 | £11.70 |
| 25th Percentile | £12.84 | £15.72 | £15.66 |
| Median hourly rate | £19.05 | £21.00 | £25.71 |
| Median % change year-on-year | -9.29% | -18.30% | +80.42% |
| 75th Percentile | £20.75 | £53.75 | £44.63 |
| 90th Percentile | £66.00 | £67.00 | £73.00 |
| UK excluding London median hourly rate | £15.00 | £40.05 | £14.64 |
| % change year-on-year | -62.54% | +173.55% | +4.35% |
All General Skills
UK
Banking is in the General Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for common skills.
| Contract vacancies with a requirement for common skills | 24,689 | 33,314 | 49,422 |
| As % of all contract IT jobs advertised in the UK | 57.95% | 58.58% | 56.49% |
| Number of daily rates quoted | 15,578 | 23,090 | 34,263 |
| 10th Percentile | £275 | £313 | £320 |
| 25th Percentile | £413 | £440 | £425 |
| Median daily rate (50th Percentile) | £525 | £550 | £538 |
| Median % change year-on-year | -4.55% | +2.33% | +7.50% |
| 75th Percentile | £650 | £675 | £650 |
| 90th Percentile | £775 | £775 | £750 |
| UK excluding London median daily rate | £496 | £500 | £475 |
| % change year-on-year | -0.80% | +5.26% | +9.20% |
| Number of hourly rates quoted | 1,927 | 1,017 | 1,407 |
| 10th Percentile | £12.75 | £13.41 | £12.50 |
| 25th Percentile | £15.41 | £17.72 | £15.00 |
| Median hourly rate | £30.00 | £32.50 | £22.50 |
| Median % change year-on-year | -7.69% | +44.44% | - |
| 75th Percentile | £52.50 | £61.25 | £47.50 |
| 90th Percentile | £66.45 | £72.50 | £60.00 |
| UK excluding London median hourly rate | £28.00 | £28.16 | £19.00 |
| % change year-on-year | -0.57% | +48.21% | -4.76% |
Banking
Job Vacancy Trend
Job postings citing Banking as a proportion of all IT jobs advertised.
Banking
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Banking.
Banking
Daily Rate Histogram
Daily rate distribution for jobs citing Banking over the 6 months to 17 May 2024.
Banking
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Banking.
Banking
Hourly Rate Histogram
Hourly rate distribution of jobs citing Banking over the 6 months to 17 May 2024.
Banking
Top 17 Contract Locations
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking 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 Contract IT Job Ads |
Median Daily Rate Past 6 Months |
Median Daily Rate % Change on Same Period Last Year |
Live Jobs |
|---|---|---|---|---|---|
| England | -4 | 2,306 | £625 | -3.85% | 790 |
| London | -3 | 1,864 | £650 | -3.70% | 628 |
| Work from Home | +3 | 1,186 | £625 | -3.85% | 352 |
| UK excluding London | +10 | 524 | £513 | -6.82% | 278 |
| North of England | +2 | 181 | £476 | -13.41% | 51 |
| Scotland | +5 | 133 | £550 | +4.76% | 37 |
| North West | +20 | 104 | £489 | -11.09% | 33 |
| South East | +26 | 89 | £513 | -14.58% | 105 |
| Yorkshire | -14 | 74 | £475 | -13.64% | 14 |
| Midlands | +13 | 64 | £450 | -20.00% | 37 |
| East Midlands | +42 | 43 | £445 | +4.71% | 12 |
| South West | -9 | 32 | £613 | +2.08% | 28 |
| East of England | +28 | 27 | £575 | +21.05% | 12 |
| West Midlands | -8 | 19 | £525 | -12.50% | 25 |
| Northern Ireland | -8 | 8 | £443 | -1.67% | 3 |
| North East | +11 | 3 | £463 | -35.99% | 4 |
| Isle of Man | - | 3 | - | - |
Banking
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:
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