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 14 May 2024 with a comparison to the same period over the previous 2 years.
| 6 months to 14 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 25 | 24 | 27 |
| Rank change year-on-year | -1 | +3 | -4 |
| Contract jobs citing Banking | 2,685 | 4,329 | 6,386 |
| As % of all contract jobs advertised in the UK | 6.29% | 7.51% | 7.24% |
| As % of the General category | 10.84% | 12.83% | 12.86% |
| Number of daily rates quoted | 1,841 | 3,035 | 4,227 |
| 10th Percentile | £385 | £450 | £425 |
| 25th Percentile | £500 | £525 | £513 |
| Median daily rate (50th Percentile) | £620 | £650 | £625 |
| Median % change year-on-year | -4.62% | +4.00% | +13.64% |
| 75th Percentile | £775 | £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 | 23 | 9 | 24 |
| 10th Percentile | £12.06 | £13.32 | £11.70 |
| 25th Percentile | £12.84 | £15.72 | £15.66 |
| Median hourly rate | £19.05 | £21.00 | £25.71 |
| Median % change year-on-year | -9.29% | -18.30% | +77.70% |
| 75th Percentile | £23.88 | £53.75 | £44.63 |
| 90th Percentile | £74.50 | £67.00 | £73.00 |
| UK excluding London median hourly rate | £15.00 | £40.05 | £14.64 |
| % change year-on-year | -62.54% | +173.55% | +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 | 24,779 | 33,735 | 49,675 |
| As % of all contract IT jobs advertised in the UK | 58.07% | 58.52% | 56.35% |
| Number of daily rates quoted | 15,628 | 23,387 | 34,464 |
| 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% | +9.20% |
| Number of hourly rates quoted | 1,929 | 1,026 | 1,428 |
| 10th Percentile | £12.75 | £13.41 | £12.50 |
| 25th Percentile | £15.50 | £17.98 | £15.00 |
| Median hourly rate | £30.16 | £34.00 | £22.19 |
| Median % change year-on-year | -11.29% | +53.22% | -1.38% |
| 75th Percentile | £52.50 | £61.25 | £47.40 |
| 90th Percentile | £65.40 | £72.50 | £59.00 |
| UK excluding London median hourly rate | £28.50 | £30.00 | £19.00 |
| % change year-on-year | -5.00% | +57.89% | -4.76% |
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 14 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 14 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 14 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 | 2,292 | £625 | -3.85% | 714 |
| London | -2 | 1,865 | £650 | -3.70% | 534 |
| Work from Home | +1 | 1,186 | £625 | -3.85% | 345 |
| UK excluding London | +2 | 512 | £513 | -6.82% | 224 |
| North of England | +2 | 179 | £489 | -11.09% | 58 |
| Scotland | +1 | 134 | £550 | +4.76% | 41 |
| North West | +14 | 98 | £489 | -11.09% | 37 |
| South East | +28 | 87 | £513 | -14.58% | 27 |
| Yorkshire | -6 | 78 | £475 | -13.64% | 15 |
| Midlands | -3 | 52 | £468 | -16.89% | 39 |
| East Midlands | +40 | 32 | £445 | +4.71% | 15 |
| South West | -4 | 32 | £625 | +6.38% | 31 |
| East of England | +34 | 28 | £575 | +15.00% | 18 |
| West Midlands | -14 | 18 | £525 | -12.50% | 24 |
| Northern Ireland | -4 | 8 | £443 | -1.67% | 4 |
| North East | +8 | 3 | £463 | -35.99% | 6 |
| 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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