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 6 June 2024 with a comparison to the same period over the previous 2 years.
| 6 months to 6 Jun 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 24 | 23 | 27 |
| Rank change year-on-year | -1 | +4 | -4 |
| Contract jobs citing Banking | 2,814 | 4,247 | 6,460 |
| As % of all contract jobs advertised in the UK | 6.48% | 7.60% | 7.32% |
| As % of the General category | 11.30% | 12.98% | 12.86% |
| Number of daily rates quoted | 1,932 | 3,005 | 4,237 |
| 10th Percentile | £389 | £450 | £425 |
| 25th Percentile | £500 | £525 | £513 |
| Median daily rate (50th Percentile) | £600 | £650 | £625 |
| Median % change year-on-year | -7.69% | +4.00% | +8.70% |
| 75th Percentile | £775 | £788 | £750 |
| 90th Percentile | £863 | £888 | £838 |
| UK excluding London median daily rate | £510 | £550 | £500 |
| % change year-on-year | -7.32% | +10.00% | +15.61% |
| Number of hourly rates quoted | 28 | 7 | 24 |
| 10th Percentile | £12.21 | £11.99 | £13.14 |
| 25th Percentile | £14.09 | £15.19 | £21.00 |
| Median hourly rate | £19.05 | £52.50 | £26.75 |
| Median % change year-on-year | -63.71% | +96.26% | +90.66% |
| 75th Percentile | £27.75 | £67.66 | £41.44 |
| 90th Percentile | £84.50 | £69.25 | £58.75 |
| UK excluding London median hourly rate | £15.00 | £64.38 | £23.06 |
| % change year-on-year | -76.70% | +179.22% | +64.33% |
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 | 24,899 | 32,724 | 50,244 |
| As % of all contract IT jobs advertised in the UK | 57.37% | 58.55% | 56.91% |
| Number of daily rates quoted | 15,625 | 22,703 | 34,940 |
| 10th Percentile | £275 | £313 | £325 |
| 25th Percentile | £413 | £438 | £431 |
| 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 | £769 | £781 | £750 |
| UK excluding London median daily rate | £490 | £500 | £475 |
| % change year-on-year | -2.00% | +5.26% | +7.95% |
| Number of hourly rates quoted | 1,992 | 980 | 1,408 |
| 10th Percentile | £12.78 | £13.41 | £12.50 |
| 25th Percentile | £15.50 | £17.44 | £15.00 |
| Median hourly rate | £30.00 | £32.30 | £22.50 |
| Median % change year-on-year | -7.12% | +43.56% | +5.88% |
| 75th Percentile | £52.50 | £61.25 | £47.40 |
| 90th Percentile | £67.31 | £72.50 | £60.00 |
| UK excluding London median hourly rate | £28.34 | £27.84 | £19.50 |
| % change year-on-year | +1.78% | +42.77% | +2.63% |
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 6 June 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 6 June 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 6 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 | -3 | 2,421 | £625 | -3.85% | 706 |
| London | -3 | 1,941 | £650 | -3.70% | 504 |
| Work from Home | +3 | 1,233 | £625 | -3.85% | 395 |
| UK excluding London | +6 | 563 | £510 | -7.32% | 220 |
| North of England | +4 | 208 | £475 | -13.64% | 61 |
| Scotland | +3 | 131 | £525 | +5.00% | 35 |
| North West | +21 | 114 | £478 | -13.18% | 47 |
| South East | +43 | 100 | £513 | -14.58% | 42 |
| Yorkshire | -10 | 91 | £475 | -13.64% | 10 |
| Midlands | +8 | 71 | £450 | -25.00% | 31 |
| East Midlands | +43 | 48 | £445 | -1.11% | 14 |
| South West | -3 | 34 | £600 | -2.04% | 38 |
| East of England | +16 | 24 | £575 | +15.00% | 4 |
| West Midlands | -24 | 21 | £525 | -19.23% | 16 |
| Northern Ireland | -5 | 7 | £450 | +16.13% | 3 |
| North East | +7 | 3 | £463 | -35.99% | 4 |
| Isle of Man | - | 3 | - | - | |
| Wales | +16 | 1 | £550 | - | 9 |
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:
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||