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 20 May 2024 with a comparison to the same period over the previous 2 years.
| 6 months to 20 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 24 | 24 | 27 |
| Rank change year-on-year | 0 | +3 | -4 |
| Contract jobs citing Banking | 2,714 | 4,304 | 6,379 |
| As % of all contract jobs advertised in the UK | 6.38% | 7.52% | 7.22% |
| As % of the General category | 11.00% | 12.84% | 12.77% |
| Number of daily rates quoted | 1,874 | 3,028 | 4,182 |
| 10th Percentile | £385 | £450 | £425 |
| 25th Percentile | £500 | £525 | £513 |
| Median daily rate (50th Percentile) | £613 | £650 | £625 |
| Median % change year-on-year | -5.77% | +4.00% | +11.11% |
| 75th Percentile | £771 | £788 | £750 |
| 90th Percentile | £850 | £888 | £825 |
| UK excluding London median daily rate | £513 | £550 | £500 |
| % change year-on-year | -6.82% | +10.00% | +16.14% |
| Number of hourly rates quoted | 25 | 10 | 28 |
| 10th Percentile | £12.12 | £13.99 | £12.16 |
| 25th Percentile | £12.84 | £17.04 | £19.75 |
| Median hourly rate | £19.05 | £21.00 | £26.00 |
| Median % change year-on-year | -9.29% | -19.23% | +82.49% |
| 75th Percentile | £20.75 | £63.36 | £41.44 |
| 90th Percentile | £66.00 | £68.88 | £67.00 |
| UK excluding London median hourly rate | £15.00 | £64.38 | £15.32 |
| % change year-on-year | -76.70% | +320.20% | +9.19% |
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 | 24,681 | 33,520 | 49,936 |
| As % of all contract IT jobs advertised in the UK | 58.02% | 58.54% | 56.54% |
| Number of daily rates quoted | 15,587 | 23,230 | 34,613 |
| 10th Percentile | £275 | £313 | £320 |
| 25th Percentile | £413 | £443 | £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 | £495 | £500 | £475 |
| % change year-on-year | -1.00% | +5.26% | +8.57% |
| Number of hourly rates quoted | 1,924 | 1,020 | 1,422 |
| 10th Percentile | £12.75 | £13.41 | £12.50 |
| 25th Percentile | £15.50 | £17.72 | £15.00 |
| Median hourly rate | £30.00 | £32.50 | £22.50 |
| Median % change year-on-year | -7.69% | +44.44% | - |
| 75th Percentile | £52.78 | £61.25 | £47.40 |
| 90th Percentile | £66.59 | £72.50 | £59.00 |
| UK excluding London median hourly rate | £28.25 | £29.00 | £19.00 |
| % change year-on-year | -2.59% | +52.63% | -3.52% |
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 20 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 20 May 2024.
Banking
Top 18 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 20 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 | -3 | 2,324 | £625 | -3.85% | 852 |
| London | -3 | 1,880 | £650 | -3.70% | 669 |
| Work from Home | +2 | 1,197 | £625 | -3.85% | 354 |
| UK excluding London | +7 | 529 | £513 | -6.82% | 312 |
| North of England | 0 | 183 | £475 | -13.64% | 55 |
| Scotland | +2 | 135 | £550 | +4.76% | 47 |
| North West | +16 | 107 | £476 | -13.41% | 35 |
| South East | +33 | 90 | £513 | -14.58% | 116 |
| Yorkshire | -13 | 73 | £475 | -13.64% | 15 |
| Midlands | +1 | 64 | £450 | -20.00% | 39 |
| East Midlands | +45 | 43 | £445 | +4.71% | 13 |
| South West | -1 | 32 | £613 | +2.08% | 31 |
| East of England | +29 | 27 | £575 | +21.05% | 12 |
| West Midlands | -12 | 19 | £525 | -12.50% | 26 |
| Northern Ireland | -8 | 8 | £443 | -1.67% | 4 |
| North East | +9 | 3 | £463 | -35.99% | 5 |
| Isle of Man | - | 3 | - | - | |
| Wales | +19 | 1 | £550 | - | 8 |
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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