Investment Banking Contracts

Investment Banking
UK

The table below looks at the prevalence of the term Investment Banking in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Investment Banking over the 6 months to 1 June 2024 with a comparison to the same period over the previous 2 years.

6 months to
1 Jun 2024
Same period 2023 Same period 2022
Rank 170 122 124
Rank change year-on-year -48 +2 +29
Contract jobs citing Investment Banking 607 1,193 1,827
As % of all contract jobs advertised in the UK 1.41% 2.13% 2.09%
As % of the General category 2.45% 3.64% 3.67%
Number of daily rates quoted 454 876 1,312
10th Percentile £500 £500 £525
25th Percentile £600 £574 £618
Median daily rate (50th Percentile) £750 £700 £719
Median % change year-on-year +7.14% -2.64% +10.62%
75th Percentile £850 £810 £800
90th Percentile £888 £950 £875
UK excluding London median daily rate £416 £538 £525
% change year-on-year -22.54% +2.38% +14.13%
Number of hourly rates quoted 1 3 8
10th Percentile - £63.50 £21.95
25th Percentile £18.25 £65.47 £26.00
Median hourly rate £19.50 £68.75 £40.50
Median % change year-on-year -71.64% +69.75% +80.00%
75th Percentile £20.75 £69.38 £51.63
90th Percentile - £69.75 £69.93
UK excluding London median hourly rate £19.50 £68.75 £40.50
% change year-on-year -71.64% +69.75% -

All General Skills
UK

Investment 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 24,753 32,807 49,724
As % of all contract IT jobs advertised in the UK 57.49% 58.53% 56.77%
Number of daily rates quoted 15,550 22,755 34,565
10th Percentile £275 £313 £325
25th Percentile £413 £438 £430
Median daily rate (50th Percentile) £525 £550 £540
Median % change year-on-year -4.55% +1.85% +8.00%
75th Percentile £650 £675 £650
90th Percentile £763 £775 £750
UK excluding London median daily rate £490 £500 £475
% change year-on-year -2.00% +5.26% +8.45%
Number of hourly rates quoted 1,984 981 1,390
10th Percentile £12.78 £13.41 £12.50
25th Percentile £15.50 £17.50 £15.00
Median hourly rate £30.00 £32.30 £22.50
Median % change year-on-year -7.12% +43.56% +4.65%
75th Percentile £52.50 £61.25 £47.36
90th Percentile £67.38 £72.50 £60.00
UK excluding London median hourly rate £28.42 £27.84 £19.50
% change year-on-year +2.08% +42.77% +2.63%

Investment Banking
Job Vacancy Trend

Job postings citing Investment Banking as a proportion of all IT jobs advertised.

Job vacancy trend for Investment Banking in the UK

Investment Banking
Contractor Daily Rate Trend

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

Daily rate trend for Investment Banking in the UK

Investment Banking
Daily Rate Histogram

Daily rate distribution for jobs citing Investment Banking over the 6 months to 1 June 2024.

Daily rate histogram for Investment Banking in the UK

Investment Banking
Contractor Hourly Rate Trend

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

Hourly rate trend for Investment Banking in the UK

Investment Banking
Top 13 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Investment Banking within the UK over the 6 months to 1 June 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 -54 568 £750 +7.14% 149
London -18 540 £750 +7.14% 124
Work from Home +31 246 £800 +10.34% 52
UK excluding London -1 36 £416 -22.54% 35
Scotland +3 12 £345 -40.00% 5
South East +16 11 - - 8
North of England +14 10 £625 +38.89% 9
North West +10 8 £625 +38.89% 9
South West - 3 £463 - 3
Midlands +18 1 - - 1
West Midlands +10 1 - - 1
North East - 1 - -
Yorkshire - 1 £400 -

Investment 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:

Application Platforms
1 121 (19.93%) Apache
2 113 (18.62%) Apache Airflow
3 12 (1.98%) Apache Spark
4 5 (0.82%) Confluence
4 5 (0.82%) Microsoft Exchange
5 4 (0.66%) SharePoint
6 3 (0.49%) CMS
6 3 (0.49%) Headless CMS
6 3 (0.49%) nginx
7 2 (0.33%) Adobe Experience Manager
7 2 (0.33%) IIS
8 1 (0.16%) GemFire
8 1 (0.16%) Oracle Coherence
8 1 (0.16%) Oracle Workflow
8 1 (0.16%) SAS
Applications
1 16 (2.64%) Microsoft Excel
2 6 (0.99%) Microsoft Office
2 6 (0.99%) Microsoft PowerPoint
3 2 (0.33%) Spreadsheet
4 1 (0.16%) InVision
4 1 (0.16%) Microsoft Project
4 1 (0.16%) Sketch
Business Applications
1 12 (1.98%) Aladdin
2 11 (1.81%) ION Anvil
3 8 (1.32%) ION MarketView
4 3 (0.49%) IntelliMatch
4 3 (0.49%) Orchestrade
5 2 (0.33%) Fidessa
5 2 (0.33%) SAP S/4HANA
6 1 (0.16%) Loan IQ
6 1 (0.16%) Misys Opics
6 1 (0.16%) SAP CO
6 1 (0.16%) SAP ERP
6 1 (0.16%) SAP FI
6 1 (0.16%) SAP FI/CO
Cloud Services
1 160 (26.36%) AWS
2 119 (19.60%) dbt
3 103 (16.97%) Snowflake
4 74 (12.19%) GCP
5 52 (8.57%) Azure
6 19 (3.13%) Power Platform
7 11 (1.81%) Azure DevOps
8 7 (1.15%) OpenShift
9 6 (0.99%) npm
9 6 (0.99%) Yarn
10 5 (0.82%) Azure AKS
10 5 (0.82%) Cloud Run
10 5 (0.82%) Dynamics 365
10 5 (0.82%) GitHub
10 5 (0.82%) Google Kubernetes Engine
10 5 (0.82%) Power Automate
11 4 (0.66%) Amazon S3
11 4 (0.66%) Azure Key Vault
11 4 (0.66%) Microsoft 365
11 4 (0.66%) Serverless
Communications & Networking
1 16 (2.64%) Firewall
2 14 (2.31%) Cisco Nexus
2 14 (2.31%) DMZ
2 14 (2.31%) VPN
3 6 (0.99%) SSH
4 4 (0.66%) FIX Connectivity
4 4 (0.66%) Internet
5 3 (0.49%) AMQP
5 3 (0.49%) SAN
6 2 (0.33%) NAS
7 1 (0.16%) Cisco IOS
7 1 (0.16%) DHCP
7 1 (0.16%) DNS
7 1 (0.16%) Fibre Channel
7 1 (0.16%) iSCSI
7 1 (0.16%) LAN
7 1 (0.16%) Network Security
7 1 (0.16%) SD-WAN
7 1 (0.16%) WAN
7 1 (0.16%) Wireless
Database & Business Intelligence
1 119 (19.60%) Apache Arrow
1 119 (19.60%) Dremio
2 113 (18.62%) Amazon Athena
2 113 (18.62%) Apache Ignite
3 110 (18.12%) Data Lake
4 32 (5.27%) Relational Database
4 32 (5.27%) SQL Server
5 21 (3.46%) Big Data
6 14 (2.31%) Power BI
7 13 (2.14%) NoSQL
8 11 (1.81%) KDB
9 9 (1.48%) MongoDB
9 9 (1.48%) MySQL
10 8 (1.32%) Tableau
11 7 (1.15%) Apache Hive
11 7 (1.15%) Impala
12 6 (0.99%) Oracle Database
13 5 (0.82%) BigQuery
13 5 (0.82%) Hadoop
13 5 (0.82%) Spark SQL
Development Applications
1 29 (4.78%) Git
1 29 (4.78%) JIRA
2 28 (4.61%) Cucumber
3 22 (3.62%) Jenkins
4 18 (2.97%) TeamCity
5 9 (1.48%) Visual Studio
6 7 (1.15%) Bitbucket
7 6 (0.99%) JUnit
7 6 (0.99%) MLflow
7 6 (0.99%) Selenium
8 5 (0.82%) Maven
8 5 (0.82%) SpecFlow
9 4 (0.66%) Cypress.io
9 4 (0.66%) PHPUnit
10 3 (0.49%) Mocha
10 3 (0.49%) Octopus Deploy
10 3 (0.49%) webpack
11 2 (0.33%) Artifactory
11 2 (0.33%) GitLab
11 2 (0.33%) Visual Studio Code
General
1 607 (100.00%) Banking
2 346 (57.00%) Finance
3 224 (36.90%) Front Office
4 111 (18.29%) Social Skills
5 57 (9.39%) Analytical Skills
6 35 (5.77%) Retail
7 33 (5.44%) Retail Banking
8 31 (5.11%) Corporate Banking
9 10 (1.65%) Wholesale Banking
10 8 (1.32%) Back Office
11 7 (1.15%) Presentation Skills
12 6 (0.99%) Public Sector
13 5 (0.82%) Inclusion and Diversity
13 5 (0.82%) Legal
13 5 (0.82%) Organisational Skills
14 4 (0.66%) Financial Institution
14 4 (0.66%) Prime Brokerage
15 3 (0.49%) Public Speaking
15 3 (0.49%) Synthetic Prime Brokerage
16 2 (0.33%) Influencing Skills
Job Titles
1 217 (35.75%) Developer
2 120 (19.77%) Analyst
3 78 (12.85%) Business Analyst
3 78 (12.85%) Senior
4 76 (12.52%) Java Developer
5 73 (12.03%) Software Engineer
6 68 (11.20%) Lead
7 49 (8.07%) Python Engineer
8 47 (7.74%) Java Engineer
9 45 (7.41%) Architect
10 43 (7.08%) Python Software Engineer
11 42 (6.92%) Java Software Engineer
12 41 (6.75%) AWS Engineer
13 39 (6.43%) AWS Software Engineer
14 38 (6.26%) Senior Software Engineer
14 38 (6.26%) Solutions Architect
15 36 (5.93%) Python Developer
16 35 (5.77%) Software Developer
17 33 (5.44%) Developer/Software Engineer
18 32 (5.27%) C# Developer
Libraries, Frameworks & Software Standards
1 115 (18.95%) gRPC
2 113 (18.62%) Pandas
3 112 (18.45%) NumPy
3 112 (18.45%) Protocol Buffers
3 112 (18.45%) SciPy
4 48 (7.91%) .NET
5 36 (5.93%) FIX Protocol
5 36 (5.93%) React
6 19 (3.13%) Spring
7 17 (2.80%) REST
8 16 (2.64%) WPF
9 15 (2.47%) CSS
9 15 (2.47%) HTML
10 14 (2.31%) AngularJS
11 13 (2.14%) Kafka
12 11 (1.81%) .NET Framework
13 10 (1.65%) JPA
13 10 (1.65%) Spring Boot
13 10 (1.65%) XML
14 9 (1.48%) .NET Core
Miscellaneous
1 192 (31.63%) Derivative
2 187 (30.81%) Fixed Income
3 163 (26.85%) Foreign Exchange (FX)
4 159 (26.19%) Equities
5 139 (22.90%) Hedge funds
6 40 (6.59%) Product Ownership
7 20 (3.29%) Equity Derivative
8 14 (2.31%) Pricing Data
9 13 (2.14%) Algorithms
9 13 (2.14%) Market Risk
10 10 (1.65%) Credit Risk
11 9 (1.48%) Distributed Computing
11 9 (1.48%) Management Information System
12 8 (1.32%) Enterprise Software
12 8 (1.32%) OTC Derivatives
13 7 (1.15%) Data Structures
13 7 (1.15%) Mobile App
13 7 (1.15%) Reference Data
14 6 (0.99%) Public Cloud
14 6 (0.99%) Virtual Team
Operating Systems
1 53 (8.73%) Linux
2 45 (7.41%) Windows
3 43 (7.08%) Unix
4 3 (0.49%) Windows Server
5 2 (0.33%) Android
5 2 (0.33%) Apple iOS
5 2 (0.33%) Red Hat Enterprise Linux
5 2 (0.33%) Windows 10
6 1 (0.16%) Data ONTAP
6 1 (0.16%) VMS
Processes & Methodologies
1 246 (40.53%) Agile
2 147 (24.22%) Asset Management
3 138 (22.73%) Software Engineering
4 116 (19.11%) Investment Management
5 61 (10.05%) DevOps
5 61 (10.05%) Problem-Solving
6 55 (9.06%) Line Management
7 51 (8.40%) Wealth Management
8 43 (7.08%) Analytics
8 43 (7.08%) Test Automation
9 41 (6.75%) Electronic Trading
10 40 (6.59%) SDLC
11 38 (6.26%) Greeks
11 38 (6.26%) Stakeholder Management
12 34 (5.60%) Microservices
13 33 (5.44%) Scrum
14 32 (5.27%) BDD
14 32 (5.27%) CI/CD
15 31 (5.11%) Business Analysis
15 31 (5.11%) Project Management
Programming Languages
1 229 (37.73%) Python
2 217 (35.75%) Java
3 137 (22.57%) SQL
4 133 (21.91%) TypeScript
5 128 (21.09%) JavaScript
6 82 (13.51%) C#
7 38 (6.26%) Scala
8 32 (5.27%) C++
9 23 (3.79%) PowerShell
10 13 (2.14%) Perl
11 11 (1.81%) Shell Script
11 11 (1.81%) T-SQL
12 9 (1.48%) VBA
13 6 (0.99%) Bash
13 6 (0.99%) PHP
13 6 (0.99%) Ruby
14 5 (0.82%) R
15 4 (0.66%) Data Analysis Expressions
15 4 (0.66%) Kotlin
16 3 (0.49%) PL/SQL
Qualifications
1 40 (6.59%) Degree
2 12 (1.98%) Computer Science Degree
3 11 (1.81%) Numerate Degree
4 7 (1.15%) Master's Degree
5 5 (0.82%) Security Cleared
6 4 (0.66%) PMP
7 3 (0.49%) CISM
7 3 (0.49%) CISSP
8 2 (0.33%) SC Cleared
8 2 (0.33%) Six Sigma Black Belt
8 2 (0.33%) Six Sigma Green Belt
9 1 (0.16%) APMP
9 1 (0.16%) ISEB
9 1 (0.16%) ISTQB
9 1 (0.16%) MCSE
9 1 (0.16%) Microsoft Certification
9 1 (0.16%) PMI Certification
Quality Assurance & Compliance
1 49 (8.07%) Data Quality
2 30 (4.94%) QA
3 13 (2.14%) EMIR
4 9 (1.48%) MiFID
5 8 (1.32%) PMO
5 8 (1.32%) SLA
6 5 (0.82%) ISO/IEC 27001
7 3 (0.49%) Cyber Essentials
7 3 (0.49%) Dodd-Frank
8 2 (0.33%) GRC
8 2 (0.33%) SEPA
9 1 (0.16%) Basel II
9 1 (0.16%) Basel III
9 1 (0.16%) GAAP
9 1 (0.16%) GDPR
9 1 (0.16%) NIST
9 1 (0.16%) SOC 2
System Software
1 21 (3.46%) Docker
2 12 (1.98%) Active Directory
3 1 (0.16%) Cronacle
3 1 (0.16%) Firmware
3 1 (0.16%) GPFS
3 1 (0.16%) GridGain
3 1 (0.16%) HDFS
3 1 (0.16%) NFS
Systems Management
1 27 (4.45%) Ansible
2 22 (3.62%) Kubernetes
3 11 (1.81%) Grafana
4 10 (1.65%) ITRS Geneos
5 9 (1.48%) Terraform
6 4 (0.66%) Prometheus
6 4 (0.66%) Puppet
7 2 (0.33%) NetBackup
8 1 (0.16%) Argo
8 1 (0.16%) Control-M
8 1 (0.16%) CSIRT
8 1 (0.16%) Kibana
8 1 (0.16%) Netcool
8 1 (0.16%) PowerBroker
8 1 (0.16%) Rancher
8 1 (0.16%) Veritas Storage Foundation
Vendors
1 33 (5.44%) Microsoft
2 28 (4.61%) Bloomberg
3 20 (3.29%) Oracle
4 14 (2.31%) Cisco
4 14 (2.31%) ION Trading
5 13 (2.14%) Blue Coat
5 13 (2.14%) CheckPoint
5 13 (2.14%) Fortinet
5 13 (2.14%) Juniper
6 12 (1.98%) BISAM
7 11 (1.81%) Databricks
8 9 (1.48%) Google
9 6 (0.99%) Dynatrace
9 6 (0.99%) IBM
9 6 (0.99%) Refinitiv
10 5 (0.82%) Alteryx
10 5 (0.82%) Citrix
10 5 (0.82%) Murex
10 5 (0.82%) SAP
10 5 (0.82%) SmartStream