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 10 May 2024 with a comparison to the same period over the previous 2 years.
| 6 months to 10 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 25 | 24 | 27 |
| Rank change year-on-year | -1 | +3 | -4 |
| Contract jobs citing Banking | 2,692 | 4,354 | 6,305 |
| As % of all contract jobs advertised in the UK | 6.26% | 7.52% | 7.22% |
| As % of the General category | 10.79% | 12.85% | 12.83% |
| Number of daily rates quoted | 1,848 | 3,039 | 4,180 |
| 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% | +13.64% |
| 75th Percentile | £750 | £788 | £744 |
| 90th Percentile | £850 | £888 | £825 |
| UK excluding London median daily rate | £513 | £550 | £500 |
| % change year-on-year | -6.82% | +10.00% | +17.37% |
| Number of hourly rates quoted | 24 | 8 | 24 |
| 10th Percentile | £12.09 | £12.66 | £11.70 |
| 25th Percentile | £12.84 | £19.41 | £15.66 |
| Median hourly rate | £19.05 | £21.00 | £25.71 |
| Median % change year-on-year | -9.29% | -18.30% | +65.25% |
| 75th Percentile | £22.31 | £56.95 | £44.63 |
| 90th Percentile | £70.25 | £67.22 | £73.00 |
| UK excluding London median hourly rate | £15.00 | £64.38 | £14.64 |
| % change year-on-year | -76.70% | +339.72% | +4.35% |
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 | 24,955 | 33,889 | 49,124 |
| As % of all contract IT jobs advertised in the UK | 58.03% | 58.54% | 56.27% |
| Number of daily rates quoted | 15,747 | 23,499 | 34,070 |
| 10th Percentile | £275 | £313 | £320 |
| 25th Percentile | £413 | £440 | £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 | £500 | £500 | £475 |
| % change year-on-year | - | +5.26% | +10.47% |
| Number of hourly rates quoted | 1,935 | 1,038 | 1,413 |
| 10th Percentile | £12.76 | £13.41 | £12.50 |
| 25th Percentile | £15.50 | £17.75 | £15.00 |
| Median hourly rate | £30.16 | £33.91 | £22.00 |
| Median % change year-on-year | -11.06% | +54.14% | -2.22% |
| 75th Percentile | £52.89 | £61.25 | £47.40 |
| 90th Percentile | £65.55 | £72.50 | £60.00 |
| UK excluding London median hourly rate | £28.50 | £29.00 | £18.82 |
| % change year-on-year | -1.72% | +54.07% | -5.50% |
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 10 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 10 May 2024.
Banking
Top 17 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 10 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 | -4 | 2,299 | £625 | -3.85% | 686 |
| London | -2 | 1,873 | £650 | -3.70% | 517 |
| Work from Home | +1 | 1,188 | £625 | -3.85% | 309 |
| UK excluding London | +4 | 512 | £513 | -6.82% | 207 |
| North of England | +1 | 179 | £489 | -11.09% | 57 |
| Scotland | -2 | 134 | £550 | +4.76% | 34 |
| North West | +14 | 99 | £489 | -6.86% | 38 |
| South East | +31 | 89 | £513 | -14.58% | 29 |
| Yorkshire | -4 | 77 | £444 | -19.32% | 15 |
| Midlands | -4 | 51 | £471 | -16.22% | 33 |
| East Midlands | +44 | 32 | £445 | +4.71% | 10 |
| South West | +4 | 32 | £625 | +6.38% | 24 |
| East of England | +36 | 27 | £575 | +21.05% | 19 |
| West Midlands | -18 | 18 | £525 | -12.50% | 23 |
| Northern Ireland | -6 | 8 | £443 | -1.67% | 5 |
| North East | +11 | 3 | £463 | -35.76% | 4 |
| Isle of Man | - | 3 | - | - |
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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