Banking Contracts in the West Midlands

Banking
England > West Midlands

The table below looks at the prevalence of the term Banking in contract job vacancies advertised in the West Midlands. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited 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 96 77 104
Rank change year-on-year -19 +27 -18
Contract jobs citing Banking 20 53 64
As % of all contract jobs advertised in the West Midlands 1.03% 2.37% 1.79%
As % of the General category 1.87% 4.22% 3.13%
Number of daily rates quoted 11 27 56
10th Percentile £363 £506 £344
25th Percentile £513 £519 £497
Median daily rate (50th Percentile) £525 £650 £525
Median % change year-on-year -19.23% +23.81% +31.25%
75th Percentile £644 £731 £578
90th Percentile £775 £750 £650
England median daily rate £625 £650 £640
% change year-on-year -3.85% +1.56% +11.30%
Number of hourly rates quoted 2 0 0
10th Percentile £17.55 - -
25th Percentile £21.38 - -
Median hourly rate £28.25 - -
75th Percentile £34.63 - -
90th Percentile £38.15 - -
England median hourly rate £19.05 £15.72 £26.00
% change year-on-year +21.18% -39.54% +85.32%

All General Skills
West Midlands

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 advertised in the West Midlands with a requirement for common skills.

Contract vacancies with a requirement for common skills 1,068 1,257 2,047
As % of all contract IT jobs advertised in the West Midlands 54.91% 56.19% 57.36%
Number of daily rates quoted 738 879 1,531
10th Percentile £255 £250 £258
25th Percentile £375 £400 £384
Median daily rate (50th Percentile) £500 £520 £493
Median % change year-on-year -3.85% +5.58% +15.88%
75th Percentile £625 £634 £575
90th Percentile £750 £700 £675
England median daily rate £535 £550 £550
% change year-on-year -2.73% - +10.00%
Number of hourly rates quoted 119 42 47
10th Percentile £11.11 £12.05 £11.70
25th Percentile £13.96 £12.70 £12.90
Median hourly rate £19.59 £20.84 £16.50
Median % change year-on-year -5.99% +26.29% +8.20%
75th Percentile £35.00 £28.75 £19.50
90th Percentile £56.75 £56.63 £22.25
England median hourly rate £30.44 £31.92 £21.50
% change year-on-year -4.65% +48.47% +2.14%

Banking
Job Vacancy Trend in the West Midlands

Job postings citing Banking as a proportion of all IT jobs advertised in the West Midlands.

Job vacancy trend for Banking in the West Midlands

Banking
Contractor Daily Rate Trend in the West Midlands

3-month moving average daily rate quoted in jobs citing Banking in the West Midlands.

Daily rate trend for Banking in the West Midlands

Banking
Daily Rate Histogram in the West Midlands

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

Daily rate histogram for Banking in the West Midlands

Banking
Contractor Hourly Rate Trend in the West Midlands

3-month moving average hourly rates quoted in jobs citing Banking in the West Midlands.

Hourly rate trend for Banking in the West Midlands

Banking
Hourly Rate Histogram in the West Midlands

Hourly rate distribution of jobs citing Banking in the West Midlands over the 6 months to 1 June 2024.

Hourly rate histogram for Banking in the West Midlands

Banking
Contract Job Locations in the West Midlands

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking within the West Midlands region 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
Birmingham -10 15 £525 -22.22% 5
Coventry +12 2 - -
Warwickshire -5 2 £750 +36.36% 2
Solihull -10 1 - - 2
Banking
England

Banking
Co-occurring Skills and Capabilities in the West Midlands 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:

Cloud Services
1 2 (10.00%) Microsoft 365
1 2 (10.00%) Power Platform
2 1 (5.00%) Amazon S3
2 1 (5.00%) AWS
2 1 (5.00%) Azure
2 1 (5.00%) Azure Sentinel
2 1 (5.00%) GCP
Communications & Networking
1 1 (5.00%) Cisco Nexus
1 1 (5.00%) DMZ
1 1 (5.00%) Firewall
1 1 (5.00%) Internet
1 1 (5.00%) VPN
Database & Business Intelligence
1 2 (10.00%) Power BI
2 1 (5.00%) Data Lake
2 1 (5.00%) NoSQL
2 1 (5.00%) RDBMS
2 1 (5.00%) Relational Database
2 1 (5.00%) SQL Server
General
1 15 (75.00%) Finance
2 7 (35.00%) Analytical Skills
3 2 (10.00%) French Language
3 2 (10.00%) Inclusion and Diversity
3 2 (10.00%) Social Skills
4 1 (5.00%) Investment Banking
4 1 (5.00%) Organisational Skills
Job Titles
1 6 (30.00%) AML Project Manager
1 6 (30.00%) Project Manager
2 2 (10.00%) Analyst
2 2 (10.00%) Architect
2 2 (10.00%) Commercial Architect
2 2 (10.00%) Compliance Manager
2 2 (10.00%) Cybersecurity Analyst
2 2 (10.00%) Developer
2 2 (10.00%) IT Analyst
2 2 (10.00%) IT Security Analyst
2 2 (10.00%) Payments Architect
2 2 (10.00%) Payments Solutions Architect
2 2 (10.00%) Security Analyst
2 2 (10.00%) Service Analyst
2 2 (10.00%) Service Delivery Analyst
2 2 (10.00%) Solutions Architect
3 1 (5.00%) Blue Coat Engineer
3 1 (5.00%) Data Engineer
3 1 (5.00%) Data Protection Manager
3 1 (5.00%) Juniper Engineer
Libraries, Frameworks & Software Standards
1 1 (5.00%) Kafka
1 1 (5.00%) SailPoint
1 1 (5.00%) Spring Boot
Miscellaneous
1 6 (30.00%) Analytical Mindset
1 6 (30.00%) Onboarding
2 1 (5.00%) Algorithms
2 1 (5.00%) Cyber Kill Chain
2 1 (5.00%) Data Structures
2 1 (5.00%) Public Cloud
Operating Systems
1 3 (15.00%) Windows
2 1 (5.00%) Linux
2 1 (5.00%) zOS
Processes & Methodologies
1 7 (35.00%) Problem-Solving
2 6 (30.00%) Anti-Money Laundering
2 6 (30.00%) KYC
2 6 (30.00%) Project Management
3 3 (15.00%) Disaster Recovery
4 2 (10.00%) Architectural Design
4 2 (10.00%) Business Intelligence
4 2 (10.00%) Business Strategy
4 2 (10.00%) Cybersecurity
4 2 (10.00%) Enterprise Architecture
4 2 (10.00%) Internal Audit
4 2 (10.00%) Service Delivery
4 2 (10.00%) Stakeholder Management
5 1 (5.00%) Architectural Patterns
5 1 (5.00%) Containerisation
5 1 (5.00%) Customer Service
5 1 (5.00%) Design Patterns
5 1 (5.00%) Incident Response
5 1 (5.00%) Key Management
5 1 (5.00%) Static Application Security Testing
Programming Languages
1 2 (10.00%) Java
2 1 (5.00%) C
2 1 (5.00%) C++
2 1 (5.00%) Python
Quality Assurance & Compliance
1 1 (5.00%) ISO/IEC 27001
1 1 (5.00%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
1 1 (5.00%) NIST
1 1 (5.00%) QA
Vendors
1 1 (5.00%) Blue Coat
1 1 (5.00%) CheckPoint
1 1 (5.00%) Cisco
1 1 (5.00%) F5
1 1 (5.00%) Fortinet
1 1 (5.00%) Juniper
1 1 (5.00%) Oracle
1 1 (5.00%) Qualys
1 1 (5.00%) Salesforce
1 1 (5.00%) Splunk