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 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 170 121 128
Rank change year-on-year -49 +7 +26
Contract jobs citing Investment Banking 599 1,211 1,807
As % of all contract jobs advertised in the UK 1.41% 2.11% 2.05%
As % of the General category 2.43% 3.61% 3.62%
Number of daily rates quoted 442 883 1,293
10th Percentile £500 £500 £525
25th Percentile £600 £564 £618
Median daily rate (50th Percentile) £745 £700 £713
Median % change year-on-year +6.43% -1.75% +9.62%
75th Percentile £850 £806 £800
90th Percentile £888 £950 £875
UK excluding London median daily rate £550 £515 £500
% change year-on-year +6.80% +3.00% +6.61%
Number of hourly rates quoted 1 3 7
10th Percentile - £63.50 £20.60
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 £55.25
90th Percentile - £69.75 £72.40
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 24,681 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%

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 20 May 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 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 -59 557 £750 +7.14% 153
London -21 530 £750 +7.14% 136
Work from Home +27 241 £800 +10.34% 40
UK excluding London +10 41 £550 +6.80% 36
Scotland +10 18 £550 -8.33% 8
South East +27 11 - - 13
North of England +19 10 £625 +38.89% 10
North West +3 8 £625 +38.89% 9
South West +10 2 £463 -
West Midlands +17 1 - - 2
Midlands +13 1 - - 2
Yorkshire - 1 £400 - 1
North East - 1 - -

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
1 106 (17.70%) Apache
2 103 (17.20%) Apache Airflow
3 10 (1.67%) Apache Spark
4 5 (0.83%) Confluence
4 5 (0.83%) Microsoft Exchange
4 5 (0.83%) SharePoint
5 3 (0.50%) CMS
5 3 (0.50%) Headless CMS
5 3 (0.50%) SAS
6 2 (0.33%) Adobe Experience Manager
6 2 (0.33%) IIS
6 2 (0.33%) nginx
7 1 (0.17%) GemFire
7 1 (0.17%) Oracle Coherence
7 1 (0.17%) Oracle Workflow
Applications
1 23 (3.84%) Microsoft Excel
2 11 (1.84%) Microsoft PowerPoint
3 9 (1.50%) Microsoft Office
4 3 (0.50%) Microsoft Project
5 2 (0.33%) Sketch
5 2 (0.33%) Spreadsheet
6 1 (0.17%) InVision
Business Applications
1 12 (2.00%) Aladdin
2 11 (1.84%) ION Anvil
3 8 (1.34%) ION MarketView
4 5 (0.83%) IntelliMatch
4 5 (0.83%) Loan IQ
5 4 (0.67%) Orchestrade
6 2 (0.33%) Fidessa
6 2 (0.33%) SAP S/4HANA
7 1 (0.17%) SAP CO
7 1 (0.17%) SAP ERP
7 1 (0.17%) SAP FI
7 1 (0.17%) SAP FI/CO
Cloud Services
1 144 (24.04%) AWS
2 104 (17.36%) dbt
3 89 (14.86%) Snowflake
4 73 (12.19%) GCP
5 50 (8.35%) Azure
6 16 (2.67%) Power Platform
7 9 (1.50%) OpenShift
8 8 (1.34%) Azure DevOps
9 7 (1.17%) Microsoft 365
10 6 (1.00%) Power Automate
11 5 (0.83%) Cloud Run
11 5 (0.83%) Dynamics 365
11 5 (0.83%) GitHub
11 5 (0.83%) Google Kubernetes Engine
11 5 (0.83%) npm
11 5 (0.83%) Serverless
11 5 (0.83%) Yarn
12 4 (0.67%) Azure AKS
13 3 (0.50%) Azure Key Vault
13 3 (0.50%) IaaS
Communications & Networking
1 16 (2.67%) Firewall
2 14 (2.34%) Cisco Nexus
2 14 (2.34%) DMZ
2 14 (2.34%) VPN
3 5 (0.83%) SAN
4 4 (0.67%) DNS
4 4 (0.67%) FIX Connectivity
4 4 (0.67%) Internet
4 4 (0.67%) SSH
5 3 (0.50%) DHCP
5 3 (0.50%) Fibre Channel
5 3 (0.50%) iSCSI
5 3 (0.50%) LAN
5 3 (0.50%) WAN
6 2 (0.33%) AMQP
6 2 (0.33%) NAS
6 2 (0.33%) TCP/IP
7 1 (0.17%) Cisco IOS
7 1 (0.17%) Network Security
7 1 (0.17%) Wireless
Database & Business Intelligence
1 104 (17.36%) Apache Arrow
1 104 (17.36%) Dremio
2 102 (17.03%) Amazon Athena
2 102 (17.03%) Apache Ignite
3 92 (15.36%) Data Lake
4 35 (5.84%) Relational Database
5 30 (5.01%) SQL Server
6 14 (2.34%) Big Data
7 12 (2.00%) KDB
8 11 (1.84%) Power BI
9 9 (1.50%) NoSQL
10 6 (1.00%) MySQL
11 5 (0.83%) Apache Hive
11 5 (0.83%) BigQuery
11 5 (0.83%) Hadoop
11 5 (0.83%) Impala
11 5 (0.83%) MongoDB
11 5 (0.83%) Oracle Database
12 4 (0.67%) Data Mart
12 4 (0.67%) Tableau
Development Applications
1 25 (4.17%) Cucumber
1 25 (4.17%) Git
1 25 (4.17%) JIRA
2 19 (3.17%) TeamCity
3 18 (3.01%) Jenkins
4 8 (1.34%) Visual Studio
5 7 (1.17%) Bitbucket
6 6 (1.00%) MLflow
7 5 (0.83%) Selenium
8 4 (0.67%) JUnit
8 4 (0.67%) SpecFlow
9 3 (0.50%) GitLab
9 3 (0.50%) Octopus Deploy
9 3 (0.50%) PHPUnit
9 3 (0.50%) webpack
10 2 (0.33%) Cypress.io
10 2 (0.33%) Maven
10 2 (0.33%) Mocha
10 2 (0.33%) NUnit
10 2 (0.33%) Visual Studio Code
General
1 599 (100.00%) Banking
2 337 (56.26%) Finance
3 212 (35.39%) Front Office
4 119 (19.87%) Social Skills
5 58 (9.68%) Analytical Skills
6 38 (6.34%) Retail
7 35 (5.84%) Retail Banking
8 33 (5.51%) Corporate Banking
9 10 (1.67%) Back Office
9 10 (1.67%) Wholesale Banking
10 8 (1.34%) Public Sector
11 7 (1.17%) Financial Institution
12 6 (1.00%) Organisational Skills
12 6 (1.00%) Presentation Skills
13 5 (0.83%) Inclusion and Diversity
13 5 (0.83%) Legal
13 5 (0.83%) Prime Brokerage
14 4 (0.67%) Synthetic Prime Brokerage
15 2 (0.33%) Influencing Skills
15 2 (0.33%) Public Speaking
Job Titles
1 214 (35.73%) Developer
2 115 (19.20%) Analyst
3 77 (12.85%) Business Analyst
4 73 (12.19%) Java Developer
5 70 (11.69%) Senior
6 66 (11.02%) Software Engineer
7 65 (10.85%) Lead
8 44 (7.35%) Architect
9 43 (7.18%) Python Engineer
10 41 (6.84%) Java Engineer
11 37 (6.18%) Python Software Engineer
12 36 (6.01%) AWS Engineer
12 36 (6.01%) Java Software Engineer
12 36 (6.01%) Software Developer
12 36 (6.01%) Solutions Architect
13 34 (5.68%) AWS Software Engineer
13 34 (5.68%) C# Developer
13 34 (5.68%) Developer/Software Engineer
14 32 (5.34%) Python Developer
15 30 (5.01%) Lead Developer
Libraries, Frameworks & Software Standards
1 103 (17.20%) gRPC
2 102 (17.03%) Pandas
3 101 (16.86%) NumPy
3 101 (16.86%) Protocol Buffers
3 101 (16.86%) SciPy
4 48 (8.01%) .NET
5 38 (6.34%) FIX Protocol
6 33 (5.51%) React
7 19 (3.17%) WPF
8 15 (2.50%) CSS
9 14 (2.34%) HTML
10 13 (2.17%) AngularJS
10 13 (2.17%) Spring
11 11 (1.84%) .NET Framework
12 10 (1.67%) Kafka
12 10 (1.67%) REST
13 9 (1.50%) Middleware
14 8 (1.34%) HTML5
14 8 (1.34%) WCF
14 8 (1.34%) XML
Miscellaneous
1 182 (30.38%) Derivative
2 173 (28.88%) Fixed Income
3 146 (24.37%) Foreign Exchange (FX)
4 145 (24.21%) Equities
5 121 (20.20%) Hedge funds
6 42 (7.01%) Product Ownership
7 20 (3.34%) Equity Derivative
8 14 (2.34%) Market Risk
9 10 (1.67%) Pricing Data
10 9 (1.50%) Algorithms
10 9 (1.50%) Credit Risk
11 8 (1.34%) Distributed Computing
11 8 (1.34%) Management Information System
11 8 (1.34%) OTC Derivatives
12 7 (1.17%) Mobile App
12 7 (1.17%) Reference Data
13 6 (1.00%) Data Structures
13 6 (1.00%) Distributed Systems
13 6 (1.00%) Enterprise Software
13 6 (1.00%) Public Cloud
Operating Systems
1 51 (8.51%) Linux
2 47 (7.85%) Windows
3 43 (7.18%) Unix
4 5 (0.83%) Windows Server
5 4 (0.67%) Red Hat Enterprise Linux
6 3 (0.50%) Android
6 3 (0.50%) Data ONTAP
7 2 (0.33%) Apple iOS
7 2 (0.33%) Windows 10
8 1 (0.17%) VMS
Processes & Methodologies
1 233 (38.90%) Agile
2 129 (21.54%) Asset Management
3 126 (21.04%) Software Engineering
4 104 (17.36%) Investment Management
5 63 (10.52%) Problem-Solving
6 56 (9.35%) DevOps
7 55 (9.18%) Wealth Management
8 51 (8.51%) Line Management
9 45 (7.51%) Test Automation
10 42 (7.01%) Analytics
10 42 (7.01%) Electronic Trading
11 41 (6.84%) SDLC
11 41 (6.84%) Stakeholder Management
12 36 (6.01%) Project Management
13 32 (5.34%) Greeks
14 30 (5.01%) BDD
15 29 (4.84%) OO
15 29 (4.84%) Risk Management
16 28 (4.67%) Scrum
17 27 (4.51%) Migration
Programming Languages
1 210 (35.06%) Python
2 202 (33.72%) Java
3 130 (21.70%) SQL
4 120 (20.03%) TypeScript
5 113 (18.86%) JavaScript
6 87 (14.52%) C#
7 38 (6.34%) Scala
8 25 (4.17%) C++
9 24 (4.01%) PowerShell
10 14 (2.34%) Perl
11 9 (1.50%) T-SQL
11 9 (1.50%) VBA
12 7 (1.17%) Ruby
12 7 (1.17%) Shell Script
13 5 (0.83%) Bash
13 5 (0.83%) PHP
13 5 (0.83%) R
14 4 (0.67%) Data Analysis Expressions
15 3 (0.50%) Go
15 3 (0.50%) Kotlin
Qualifications
1 40 (6.68%) Degree
2 12 (2.00%) Computer Science Degree
2 12 (2.00%) Numerate Degree
3 7 (1.17%) Master's Degree
4 4 (0.67%) PMP
4 4 (0.67%) Security Cleared
5 3 (0.50%) APMP
5 3 (0.50%) CISM
5 3 (0.50%) CISSP
5 3 (0.50%) MCSE
5 3 (0.50%) Microsoft Certification
6 2 (0.33%) SC Cleared
6 2 (0.33%) Six Sigma Black Belt
6 2 (0.33%) Six Sigma Green Belt
7 1 (0.17%) FFIEC
7 1 (0.17%) ISEB
7 1 (0.17%) ISTQB
7 1 (0.17%) PMI Certification
Quality Assurance & Compliance
1 41 (6.84%) Data Quality
2 30 (5.01%) QA
3 15 (2.50%) EMIR
4 13 (2.17%) PMO
5 11 (1.84%) MiFID
6 10 (1.67%) SLA
7 4 (0.67%) ISO/IEC 27001
8 3 (0.50%) Dodd-Frank
9 2 (0.33%) Cyber Essentials
9 2 (0.33%) GRC
9 2 (0.33%) NIST
9 2 (0.33%) SEPA
10 1 (0.17%) Basel II
10 1 (0.17%) Basel III
10 1 (0.17%) GAAP
10 1 (0.17%) GDPR
10 1 (0.17%) SOC 2
System Software
1 20 (3.34%) Docker
2 12 (2.00%) Active Directory
3 3 (0.50%) GPFS
3 3 (0.50%) NFS
4 2 (0.33%) Firmware
4 2 (0.33%) Virtual Servers
5 1 (0.17%) Cronacle
5 1 (0.17%) GridGain
5 1 (0.17%) HDFS
5 1 (0.17%) VMware Infrastructure
Systems Management
1 27 (4.51%) Ansible
2 23 (3.84%) Kubernetes
3 11 (1.84%) ITRS Geneos
4 10 (1.67%) Grafana
4 10 (1.67%) Terraform
5 6 (1.00%) Puppet
6 3 (0.50%) Prometheus
6 3 (0.50%) Veritas Storage Foundation
7 2 (0.33%) NetBackup
7 2 (0.33%) Progress Chef
8 1 (0.17%) Argo
8 1 (0.17%) Consul
8 1 (0.17%) Control-M
8 1 (0.17%) CSIRT
8 1 (0.17%) Kibana
8 1 (0.17%) Netcool
8 1 (0.17%) Packer
8 1 (0.17%) PowerBroker
8 1 (0.17%) Rancher
Vendors
1 40 (6.68%) Microsoft
2 30 (5.01%) Bloomberg
3 18 (3.01%) Oracle
4 14 (2.34%) Cisco
4 14 (2.34%) ION Trading
5 13 (2.17%) Blue Coat
5 13 (2.17%) CheckPoint
5 13 (2.17%) Fortinet
5 13 (2.17%) Juniper
6 12 (2.00%) BISAM
7 11 (1.84%) Databricks
8 9 (1.50%) Google
9 8 (1.34%) IBM
9 8 (1.34%) Murex
9 8 (1.34%) Refinitiv
10 6 (1.00%) Dynatrace
11 5 (0.83%) Alteryx
11 5 (0.83%) Citrix
11 5 (0.83%) SAP
11 5 (0.83%) Veritas