Investment Banking Contracts with Work from Home Options

Investment Banking
UK > Work from Home

The table below looks at the prevalence of the term Investment Banking in remote or hybrid contract work. Included is a benchmarking guide to the contractor rates offered in vacancies that cited Investment Banking over the 6 months leading up to 12 June 2024, comparing them to the same period in the previous two years.

6 months to
12 Jun 2024
Same period 2023 Same period 2022
Rank 122 154 196
Rank change year-on-year +32 +42 +80
Contract jobs citing Investment Banking 264 376 629
As % of all contract jobs with a WFH option 1.79% 1.57% 1.43%
As % of the General category 3.06% 2.69% 2.60%
Number of daily rates quoted 227 270 471
10th Percentile £533 £500 £506
25th Percentile £675 £616 £600
Median daily rate (50th Percentile) £800 £725 £700
Median % change year-on-year +10.34% +3.57% +7.69%
75th Percentile £888 £860 £800
90th Percentile - £975 £850
UK median daily rate £750 £700 £725
% change year-on-year +7.14% -3.45% +11.54%

All General Skills
Work from Home

Investment Banking falls under the General Skills category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies with remote or hybrid options requiring common skills.

Contract vacancies with a requirement for common skills 8,623 13,983 24,165
As % of all contract jobs with a WFH option 58.44% 58.57% 55.10%
Number of daily rates quoted 5,682 9,896 17,664
10th Percentile £325 £363 £355
25th Percentile £425 £450 £438
Median daily rate (50th Percentile) £538 £550 £530
Median % change year-on-year -2.27% +3.77% +6.00%
75th Percentile £650 £675 £638
90th Percentile £775 £775 £750
UK median daily rate £525 £550 £540
% change year-on-year -4.55% +1.85% +8.00%
Number of hourly rates quoted 459 316 342
10th Percentile £14.00 £18.66 £13.53
25th Percentile £22.50 £25.71 £19.50
Median hourly rate £38.12 £49.00 £34.45
Median % change year-on-year -22.20% +42.24% +55.04%
75th Percentile £52.50 £67.50 £49.25
90th Percentile £72.50 £78.38 £65.54
UK median hourly rate £30.50 £31.96 £23.00
% change year-on-year -4.57% +38.96% +9.26%

Investment Banking
Trend for Jobs with a WFH Option

Job vacancies with a work from home option citing Investment Banking as a proportion of all IT jobs advertised.

Investment Banking trend for jobs with a WFH option

Investment Banking
Daily Rate Trend for Jobs with a WFH Option

3-month moving average daily rate quoted in job vacancies with a work from home option citing Investment Banking.

Investment Banking daily rate for jobs with a WFH option

Investment Banking
Daily Rate Histogram for Jobs with a WFH Option

Daily rate distribution for jobs with a work from home option citing Investment Banking over the 6 months to 12 June 2024.

Investment Banking daily rate histogram for jobs with a WFH option

Investment Banking
Hourly Rate Trend for Jobs with a WFH Option

3-month moving average hourly rate quoted in job vacancies with a work from home option citing Investment Banking.

Investment Banking hourly rate for jobs with a WFH option

Investment Banking
Co-occurring Skills and Capabilities with WFH Options 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
1 127 (48.11%) Apache
2 118 (44.70%) Apache Airflow
3 3 (1.14%) CMS
3 3 (1.14%) Headless CMS
4 2 (0.76%) SharePoint
5 1 (0.38%) Apache Spark
5 1 (0.38%) GemFire
5 1 (0.38%) Oracle Coherence
Applications
1 8 (3.03%) Microsoft Excel
2 2 (0.76%) Microsoft Office
2 2 (0.76%) Microsoft PowerPoint
Business Applications
1 3 (1.14%) Orchestrade
2 2 (0.76%) SAP S/4HANA
3 1 (0.38%) SAP CO
3 1 (0.38%) SAP ERP
3 1 (0.38%) SAP FI
3 1 (0.38%) SAP FI/CO
Cloud Services
1 134 (50.76%) AWS
2 126 (47.73%) dbt
3 112 (42.42%) Snowflake
4 60 (22.73%) GCP
5 8 (3.03%) Amazon EC2
5 8 (3.03%) Amazon ECS
5 8 (3.03%) Amazon EKS
5 8 (3.03%) Power Platform
6 5 (1.89%) Azure
7 4 (1.52%) Amazon S3
7 4 (1.52%) Amazon SQS
8 2 (0.76%) Microsoft 365
9 1 (0.38%) Azure Cosmos DB
9 1 (0.38%) Azure DevOps
9 1 (0.38%) IaaS
9 1 (0.38%) Microsoft Purview
Communications & Networking
1 1 (0.38%) Cisco Nexus
1 1 (0.38%) DHCP
1 1 (0.38%) DMZ
1 1 (0.38%) DNS
1 1 (0.38%) Firewall
1 1 (0.38%) TCP/IP
1 1 (0.38%) VPN
Database & Business Intelligence
1 126 (47.73%) Apache Arrow
1 126 (47.73%) Dremio
2 120 (45.45%) Data Lake
3 118 (44.70%) Amazon Athena
3 118 (44.70%) Apache Ignite
4 9 (3.41%) Big Data
5 8 (3.03%) Power BI
5 8 (3.03%) Tableau
6 6 (2.27%) NoSQL
7 5 (1.89%) MySQL
8 4 (1.52%) SQL Server
9 3 (1.14%) Metadata
9 3 (1.14%) MongoDB
9 3 (1.14%) Relational Database
10 2 (0.76%) KDB
10 2 (0.76%) RDBMS
11 1 (0.38%) Apache Cassandra
11 1 (0.38%) CockroachDB
11 1 (0.38%) Data Warehouse
11 1 (0.38%) Oracle Database
Development Applications
1 8 (3.03%) Git
2 6 (2.27%) MLflow
3 5 (1.89%) JIRA
4 4 (1.52%) Jenkins
4 4 (1.52%) PHPUnit
4 4 (1.52%) Visual Studio
5 3 (1.14%) Maven
6 2 (0.76%) NUnit
6 2 (0.76%) Selenium
6 2 (0.76%) TeamCity
7 1 (0.38%) Artifactory
7 1 (0.38%) Bitbucket
7 1 (0.38%) Cucumber
7 1 (0.38%) ERwin
7 1 (0.38%) Log4Net
7 1 (0.38%) MSTest
7 1 (0.38%) Postman
7 1 (0.38%) SpecFlow
7 1 (0.38%) TestComplete
General
1 264 (100.00%) Banking
2 202 (76.52%) Finance
3 177 (67.05%) Front Office
4 35 (13.26%) Social Skills
5 22 (8.33%) Analytical Skills
6 16 (6.06%) Retail Banking
7 13 (4.92%) Corporate Banking
7 13 (4.92%) Retail
8 3 (1.14%) Inclusion and Diversity
8 3 (1.14%) Public Speaking
9 2 (0.76%) Financial Institution
9 2 (0.76%) Influencing Skills
9 2 (0.76%) Organisational Skills
9 2 (0.76%) Public Sector
10 1 (0.38%) Marketing
10 1 (0.38%) Presentation Skills
10 1 (0.38%) Prime Brokerage
10 1 (0.38%) Synthetic Prime Brokerage
10 1 (0.38%) Wholesale Banking
Job Titles
1 103 (39.02%) Developer
2 80 (30.30%) Software Engineer
3 64 (24.24%) Lead
4 52 (19.70%) Java Developer
5 51 (19.32%) Senior
6 48 (18.18%) Java Engineer
6 48 (18.18%) Java Software Engineer
6 48 (18.18%) Python Engineer
6 48 (18.18%) Python Software Engineer
7 46 (17.42%) AWS Engineer
7 46 (17.42%) AWS Software Engineer
8 44 (16.67%) Senior Software Engineer
9 38 (14.39%) Developer/Software Engineer
9 38 (14.39%) Software Developer
10 36 (13.64%) Lead Developer
10 36 (13.64%) Lead Software Developer
10 36 (13.64%) Lead Software Engineer
10 36 (13.64%) Software Team Leader
10 36 (13.64%) Team Leader
11 30 (11.36%) Senior Java Software Engineer
Libraries, Frameworks & Software Standards
1 118 (44.70%) gRPC
1 118 (44.70%) NumPy
1 118 (44.70%) Pandas
1 118 (44.70%) Protocol Buffers
1 118 (44.70%) SciPy
2 14 (5.30%) FIX Protocol
3 13 (4.92%) .NET
4 11 (4.17%) React
5 6 (2.27%) PySpark
5 6 (2.27%) Spring
6 5 (1.89%) REST
7 4 (1.52%) Laravel
7 4 (1.52%) Spring Boot
7 4 (1.52%) Symfony
7 4 (1.52%) WPF
7 4 (1.52%) Yii
8 3 (1.14%) .NET Framework
8 3 (1.14%) AngularJS
8 3 (1.14%) GraphQL
8 3 (1.14%) JPA
Miscellaneous
1 154 (58.33%) Derivative
2 153 (57.95%) Fixed Income
3 140 (53.03%) Foreign Exchange (FX)
4 135 (51.14%) Equities
5 129 (48.86%) Hedge funds
6 16 (6.06%) Pricing Data
7 15 (5.68%) Equity Derivative
8 13 (4.92%) Product Ownership
9 8 (3.03%) Algorithms
10 6 (2.27%) Management Information System
11 4 (1.52%) Distributed Computing
11 4 (1.52%) Mobile App
12 2 (0.76%) Distributed Systems
12 2 (0.76%) Enterprise Software
12 2 (0.76%) Market Risk
12 2 (0.76%) Self-Motivation
12 2 (0.76%) SWIFT Messaging Network
13 1 (0.38%) Credit Risk
13 1 (0.38%) Embedded Systems
13 1 (0.38%) Fat Client
Operating Systems
1 9 (3.41%) Windows
2 8 (3.03%) Linux
3 7 (2.65%) Unix
4 1 (0.38%) Android
4 1 (0.38%) Apple iOS
Processes & Methodologies
1 162 (61.36%) Agile
2 130 (49.24%) Asset Management
3 126 (47.73%) Software Engineering
4 96 (36.36%) Investment Management
5 53 (20.08%) Line Management
6 43 (16.29%) Greeks
7 26 (9.85%) Analytics
8 23 (8.71%) Problem-Solving
9 17 (6.44%) Test Automation
9 17 (6.44%) Wealth Management
10 16 (6.06%) Electronic Trading
11 14 (5.30%) Business Analysis
12 13 (4.92%) RAD
13 12 (4.55%) CI/CD
13 12 (4.55%) Continuous Integration
13 12 (4.55%) Migration
13 12 (4.55%) SDLC
14 10 (3.79%) Algorithmic Trading
14 10 (3.79%) Computer Science
14 10 (3.79%) Design Patterns
Programming Languages
1 161 (60.98%) Java
2 159 (60.23%) Python
3 127 (48.11%) TypeScript
4 124 (46.97%) JavaScript
5 43 (16.29%) SQL
6 17 (6.44%) C#
7 15 (5.68%) C++
8 12 (4.55%) Scala
9 6 (2.27%) Ruby
9 6 (2.27%) VBA
10 5 (1.89%) Perl
10 5 (1.89%) PHP
11 4 (1.52%) Shell Script
12 3 (1.14%) PowerShell
12 3 (1.14%) R
13 1 (0.38%) Jython
13 1 (0.38%) PL/SQL
Qualifications
1 18 (6.82%) Degree
2 7 (2.65%) Computer Science Degree
3 6 (2.27%) Master's Degree
4 4 (1.52%) Numerate Degree
5 2 (0.76%) PMP
5 2 (0.76%) SC Cleared
5 2 (0.76%) Security Cleared
5 2 (0.76%) Six Sigma Black Belt
5 2 (0.76%) Six Sigma Green Belt
6 1 (0.38%) ISTQB
6 1 (0.38%) PMI Certification
Quality Assurance & Compliance
1 49 (18.56%) Data Quality
2 9 (3.41%) QA
3 2 (0.76%) EMIR
3 2 (0.76%) MiFID
4 1 (0.38%) Basel III
4 1 (0.38%) GRC
4 1 (0.38%) ISO/IEC 27001
4 1 (0.38%) PMO
4 1 (0.38%) SOC 2
System Software
1 5 (1.89%) Docker
2 1 (0.38%) Firmware
2 1 (0.38%) GridGain
Systems Management
1 2 (0.76%) Ansible
1 2 (0.76%) Kubernetes
2 1 (0.38%) Puppet
Vendors
1 10 (3.79%) Bloomberg
2 8 (3.03%) Reuters
3 7 (2.65%) Microsoft
4 6 (2.27%) Databricks
5 5 (1.89%) Oracle
6 2 (0.76%) Citrix
6 2 (0.76%) ION Trading
6 2 (0.76%) Murex
6 2 (0.76%) Refinitiv
6 2 (0.76%) SAP
7 1 (0.38%) Avaloq
7 1 (0.38%) Blue Coat
7 1 (0.38%) Cadence
7 1 (0.38%) Fortinet
7 1 (0.38%) Google
7 1 (0.38%) Juniper
7 1 (0.38%) Pega
7 1 (0.38%) Splunk
7 1 (0.38%) Symantec
7 1 (0.38%) TSYS