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 15 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
15 May 2024
Same period 2023 Same period 2022
Rank 170 119 128
Rank change year-on-year -51 +9 +27
Contract jobs citing Investment Banking 596 1,221 1,801
As % of all contract jobs advertised in the UK 1.40% 2.14% 2.06%
As % of the General category 2.41% 3.65% 3.65%
Number of daily rates quoted 440 892 1,295
10th Percentile £500 £500 £525
25th Percentile £600 £563 £618
Median daily rate (50th Percentile) £725 £700 £713
Median % change year-on-year +3.57% -1.75% +9.62%
75th Percentile £850 £806 £800
90th Percentile £888 £950 £875
UK excluding London median daily rate £550 £515 £525
% change year-on-year +6.80% -1.90% +10.53%
Number of hourly rates quoted 1 2 4
10th Percentile - £62.84 £22.55
25th Percentile £18.25 £63.83 £37.63
Median hourly rate £19.50 £66.56 £53.50
Median % change year-on-year -70.70% +24.42% +137.78%
75th Percentile £20.75 £68.20 £68.69
90th Percentile - £68.53 £79.83
UK excluding London median hourly rate £19.50 £66.56 £30.00
% change year-on-year -70.70% +121.88% -

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 24,707 33,460 49,314
As % of all contract IT jobs advertised in the UK 58.06% 58.60% 56.39%
Number of daily rates quoted 15,592 23,193 34,217
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 1,917 1,020 1,414
10th Percentile £12.75 £13.41 £12.50
25th Percentile £15.46 £17.99 £15.00
Median hourly rate £30.00 £33.60 £22.45
Median % change year-on-year -10.72% +49.68% -0.22%
75th Percentile £52.50 £61.25 £47.43
90th Percentile £66.25 £72.55 £60.00
UK excluding London median hourly rate £28.25 £29.00 £19.00
% change year-on-year -2.59% +52.63% -4.76%

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 15 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 15 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 -60 554 £750 +7.14% 116
London -17 529 £750 +7.14% 105
Work from Home +29 241 £800 +10.34% 37
UK excluding London +6 41 £550 +6.80% 21
Scotland +14 19 £550 -8.33% 10
South East +25 10 - - 2
North of England +10 10 £625 +38.89% 5
North West +6 8 £625 +38.89% 4
South West +19 2 £463 -
Midlands +28 1 - - 1
West Midlands +15 1 - - 1
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 98 (16.44%) Apache
2 97 (16.28%) Apache Airflow
3 10 (1.68%) Apache Spark
4 6 (1.01%) SharePoint
5 5 (0.84%) Confluence
5 5 (0.84%) Microsoft Exchange
6 3 (0.50%) CMS
6 3 (0.50%) Headless CMS
6 3 (0.50%) SAS
7 2 (0.34%) Adobe Experience Manager
7 2 (0.34%) nginx
8 1 (0.17%) GemFire
8 1 (0.17%) IIS
8 1 (0.17%) Oracle Coherence
8 1 (0.17%) Oracle Workflow
Applications
1 25 (4.19%) Microsoft Excel
2 13 (2.18%) Microsoft PowerPoint
3 10 (1.68%) Microsoft Office
4 4 (0.67%) Microsoft Project
5 2 (0.34%) Sketch
5 2 (0.34%) Spreadsheet
6 1 (0.17%) InVision
Business Applications
1 12 (2.01%) Aladdin
2 11 (1.85%) ION Anvil
2 11 (1.85%) Loan IQ
3 8 (1.34%) ION MarketView
4 5 (0.84%) IntelliMatch
5 4 (0.67%) Orchestrade
6 2 (0.34%) Fidessa
6 2 (0.34%) 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
1 136 (22.82%) AWS
2 96 (16.11%) dbt
3 83 (13.93%) Snowflake
4 69 (11.58%) GCP
5 51 (8.56%) Azure
6 15 (2.52%) Power Platform
7 9 (1.51%) OpenShift
8 7 (1.17%) Azure DevOps
8 7 (1.17%) GitHub
8 7 (1.17%) Microsoft 365
8 7 (1.17%) Power Automate
9 6 (1.01%) Serverless
10 5 (0.84%) Cloud Run
10 5 (0.84%) Dynamics 365
10 5 (0.84%) Google Kubernetes Engine
10 5 (0.84%) npm
10 5 (0.84%) Yarn
11 4 (0.67%) IaaS
12 3 (0.50%) AWS Lambda
12 3 (0.50%) Azure AKS
Communications & Networking
1 16 (2.68%) Firewall
2 14 (2.35%) DMZ
2 14 (2.35%) VPN
3 13 (2.18%) Cisco Nexus
4 5 (0.84%) DNS
4 5 (0.84%) SAN
5 4 (0.67%) DHCP
5 4 (0.67%) FIX Connectivity
5 4 (0.67%) Internet
5 4 (0.67%) SSH
6 3 (0.50%) Fibre Channel
6 3 (0.50%) iSCSI
6 3 (0.50%) LAN
6 3 (0.50%) WAN
7 2 (0.34%) AMQP
7 2 (0.34%) NAS
7 2 (0.34%) TCP/IP
8 1 (0.17%) IPsec
8 1 (0.17%) Network Security
8 1 (0.17%) Wireless
Database & Business Intelligence
1 96 (16.11%) Amazon Athena
1 96 (16.11%) Apache Arrow
1 96 (16.11%) Apache Ignite
1 96 (16.11%) Dremio
2 84 (14.09%) Data Lake
3 36 (6.04%) Relational Database
4 30 (5.03%) SQL Server
5 12 (2.01%) Big Data
5 12 (2.01%) KDB
6 10 (1.68%) Power BI
7 9 (1.51%) NoSQL
8 6 (1.01%) MySQL
9 5 (0.84%) Apache Hive
9 5 (0.84%) BigQuery
9 5 (0.84%) Hadoop
9 5 (0.84%) Impala
9 5 (0.84%) MongoDB
9 5 (0.84%) Oracle Database
10 4 (0.67%) Data Mart
10 4 (0.67%) Data Warehouse
Development Applications
1 31 (5.20%) JIRA
2 26 (4.36%) Git
3 24 (4.03%) Cucumber
4 20 (3.36%) TeamCity
5 18 (3.02%) Jenkins
6 8 (1.34%) Visual Studio
7 7 (1.17%) Bitbucket
8 6 (1.01%) MLflow
9 5 (0.84%) GitLab
9 5 (0.84%) TestRail
10 4 (0.67%) JUnit
10 4 (0.67%) Selenium
11 3 (0.50%) Octopus Deploy
11 3 (0.50%) PHPUnit
11 3 (0.50%) SpecFlow
11 3 (0.50%) webpack
12 2 (0.34%) Artifactory
12 2 (0.34%) Cypress.io
12 2 (0.34%) Mocha
12 2 (0.34%) Visual Studio Code
General
1 596 (100.00%) Banking
2 332 (55.70%) Finance
3 205 (34.40%) Front Office
4 128 (21.48%) Social Skills
5 61 (10.23%) Analytical Skills
6 37 (6.21%) Retail
7 34 (5.70%) Retail Banking
8 32 (5.37%) Corporate Banking
9 10 (1.68%) Back Office
9 10 (1.68%) Financial Institution
9 10 (1.68%) Wholesale Banking
10 9 (1.51%) Public Sector
11 6 (1.01%) Organisational Skills
11 6 (1.01%) Presentation Skills
11 6 (1.01%) Prime Brokerage
12 5 (0.84%) Inclusion and Diversity
12 5 (0.84%) Legal
12 5 (0.84%) Synthetic Prime Brokerage
13 2 (0.34%) French Language
13 2 (0.34%) Public Speaking
Job Titles
1 212 (35.57%) Developer
2 115 (19.30%) Analyst
3 75 (12.58%) Business Analyst
4 71 (11.91%) Java Developer
5 69 (11.58%) Senior
6 67 (11.24%) Lead
7 62 (10.40%) Software Engineer
8 42 (7.05%) Architect
9 40 (6.71%) Python Engineer
10 38 (6.38%) Java Engineer
11 35 (5.87%) C# Developer
12 34 (5.70%) AWS Engineer
12 34 (5.70%) Python Software Engineer
12 34 (5.70%) Software Developer
12 34 (5.70%) Solutions Architect
13 33 (5.54%) Java Software Engineer
14 32 (5.37%) AWS Software Engineer
14 32 (5.37%) Developer/Software Engineer
15 31 (5.20%) Project Manager
15 31 (5.20%) Python Developer
Libraries, Frameworks & Software Standards
1 97 (16.28%) gRPC
2 96 (16.11%) Pandas
3 95 (15.94%) NumPy
3 95 (15.94%) Protocol Buffers
3 95 (15.94%) SciPy
4 48 (8.05%) .NET
5 38 (6.38%) FIX Protocol
6 32 (5.37%) React
7 20 (3.36%) WPF
8 14 (2.35%) CSS
9 13 (2.18%) AngularJS
9 13 (2.18%) Spring
10 12 (2.01%) HTML
11 11 (1.85%) .NET Framework
12 10 (1.68%) REST
13 9 (1.51%) Kafka
13 9 (1.51%) Middleware
13 9 (1.51%) Redux
14 8 (1.34%) .NET Core
14 8 (1.34%) XML
Miscellaneous
1 176 (29.53%) Derivative
2 167 (28.02%) Fixed Income
3 138 (23.15%) Equities
4 137 (22.99%) Foreign Exchange (FX)
5 113 (18.96%) Hedge funds
6 41 (6.88%) Product Ownership
7 20 (3.36%) Equity Derivative
8 14 (2.35%) Market Risk
9 10 (1.68%) Algorithms
10 8 (1.34%) Credit Risk
10 8 (1.34%) Distributed Computing
10 8 (1.34%) Management Information System
10 8 (1.34%) OTC Derivatives
10 8 (1.34%) Pricing Data
11 7 (1.17%) Greenfield Project
11 7 (1.17%) Reference Data
12 6 (1.01%) Data Structures
12 6 (1.01%) Distributed Systems
12 6 (1.01%) Enterprise Software
12 6 (1.01%) Public Cloud
Operating Systems
1 53 (8.89%) Linux
2 45 (7.55%) Windows
3 42 (7.05%) Unix
4 6 (1.01%) Windows Server
5 5 (0.84%) Red Hat Enterprise Linux
6 3 (0.50%) Android
6 3 (0.50%) Data ONTAP
7 2 (0.34%) Apple iOS
8 1 (0.17%) VMS
8 1 (0.17%) Windows 10
Processes & Methodologies
1 227 (38.09%) Agile
2 120 (20.13%) Software Engineering
3 117 (19.63%) Asset Management
4 101 (16.95%) Investment Management
5 66 (11.07%) Problem-Solving
6 54 (9.06%) DevOps
7 50 (8.39%) Wealth Management
8 48 (8.05%) Test Automation
9 47 (7.89%) Line Management
10 44 (7.38%) Electronic Trading
10 44 (7.38%) SDLC
11 42 (7.05%) Project Management
12 41 (6.88%) Analytics
12 41 (6.88%) Stakeholder Management
13 32 (5.37%) Greeks
14 31 (5.20%) Migration
15 29 (4.87%) Risk Management
16 28 (4.70%) BDD
16 28 (4.70%) OO
16 28 (4.70%) Scrum
Programming Languages
1 205 (34.40%) Python
2 196 (32.89%) Java
3 126 (21.14%) SQL
4 114 (19.13%) TypeScript
5 105 (17.62%) JavaScript
6 87 (14.60%) C#
7 37 (6.21%) Scala
8 25 (4.19%) C++
9 24 (4.03%) PowerShell
10 16 (2.68%) Perl
11 9 (1.51%) T-SQL
11 9 (1.51%) VBA
12 8 (1.34%) Ruby
13 7 (1.17%) Shell Script
14 5 (0.84%) Bash
14 5 (0.84%) PHP
14 5 (0.84%) R
15 4 (0.67%) Data Analysis Expressions
16 3 (0.50%) Go
16 3 (0.50%) Kotlin
Qualifications
1 42 (7.05%) Degree
2 13 (2.18%) Numerate Degree
3 12 (2.01%) Computer Science Degree
4 7 (1.17%) Master's Degree
5 5 (0.84%) Security Cleared
6 4 (0.67%) APMP
6 4 (0.67%) PMP
7 3 (0.50%) CISM
7 3 (0.50%) CISSP
7 3 (0.50%) MCSE
7 3 (0.50%) Microsoft Certification
7 3 (0.50%) SC Cleared
8 2 (0.34%) ISEB
8 2 (0.34%) Six Sigma Black Belt
8 2 (0.34%) Six Sigma Green Belt
9 1 (0.17%) FFIEC
9 1 (0.17%) ISTQB
9 1 (0.17%) PMI Certification
Quality Assurance & Compliance
1 41 (6.88%) Data Quality
2 32 (5.37%) QA
3 15 (2.52%) EMIR
3 15 (2.52%) PMO
4 11 (1.85%) MiFID
5 10 (1.68%) SLA
6 4 (0.67%) ISO/IEC 27001
7 3 (0.50%) Dodd-Frank
8 2 (0.34%) Cyber Essentials
8 2 (0.34%) GRC
8 2 (0.34%) NIST
8 2 (0.34%) SEPA
9 1 (0.17%) Basel II
9 1 (0.17%) Basel III
9 1 (0.17%) GAAP
9 1 (0.17%) GDPR
9 1 (0.17%) SOC 2
System Software
1 19 (3.19%) Docker
2 11 (1.85%) Active Directory
3 3 (0.50%) Firmware
3 3 (0.50%) GPFS
3 3 (0.50%) NFS
4 2 (0.34%) 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 (4.53%) Ansible
2 22 (3.69%) Kubernetes
3 11 (1.85%) ITRS Geneos
4 10 (1.68%) Grafana
5 9 (1.51%) Terraform
6 7 (1.17%) Puppet
7 3 (0.50%) Prometheus
7 3 (0.50%) Veritas Storage Foundation
8 2 (0.34%) NetBackup
8 2 (0.34%) Progress Chef
9 1 (0.17%) Argo
9 1 (0.17%) Consul
9 1 (0.17%) Control-M
9 1 (0.17%) CSIRT
9 1 (0.17%) Kibana
9 1 (0.17%) Netcool
9 1 (0.17%) Packer
9 1 (0.17%) Rancher
9 1 (0.17%) Red Hat Satellite
Vendors
1 45 (7.55%) Microsoft
2 30 (5.03%) Bloomberg
3 19 (3.19%) Oracle
4 14 (2.35%) Cisco
4 14 (2.35%) ION Trading
5 13 (2.18%) Fortinet
6 12 (2.01%) BISAM
6 12 (2.01%) Blue Coat
6 12 (2.01%) CheckPoint
6 12 (2.01%) Juniper
7 11 (1.85%) Databricks
8 9 (1.51%) Google
9 8 (1.34%) IBM
9 8 (1.34%) Murex
9 8 (1.34%) Refinitiv
10 6 (1.01%) Dynatrace
11 5 (0.84%) Alteryx
11 5 (0.84%) SAP
11 5 (0.84%) Veritas
12 4 (0.67%) Sybase