Single Euro Payments Area (SEPA)
UK

The following table provides summary statistics for contract job vacancies with a requirement for SEPA skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited SEPA over the 6 months to 27 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
27 Apr 2024
Same period 2023 Same period 2022
Rank 568 696 772
Rank change year-on-year +128 +76 -108
Contract jobs citing SEPA 30 23 77
As % of all contract jobs advertised in the UK 0.069% 0.038% 0.087%
As % of the Quality Assurance & Compliance category 0.48% 0.29% 0.65%
Number of daily rates quoted 26 10 60
10th Percentile £619 £501 £463
25th Percentile £641 £542 £505
Median daily rate (50th Percentile) £700 £653 £650
Median % change year-on-year +7.28% +0.38% +9.47%
75th Percentile - £716 £713
90th Percentile £713 £726 £813
UK excluding London median daily rate - £513 £513
% change year-on-year - - +28.13%

All Quality Assurance and Compliance Skills
UK

SEPA is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for quality assurance or compliance skills.

Contract vacancies with a requirement for quality assurance or compliance skills 6,212 7,992 11,762
As % of all contract IT jobs advertised in the UK 14.35% 13.36% 13.24%
Number of daily rates quoted 3,921 5,491 8,030
10th Percentile £297 £275 £292
25th Percentile £405 £410 £403
Median daily rate (50th Percentile) £510 £525 £513
Median % change year-on-year -2.86% +2.44% +7.89%
75th Percentile £625 £638 £619
90th Percentile £750 £738 £706
UK excluding London median daily rate £488 £475 £450
% change year-on-year +2.63% +5.56% +5.88%
Number of hourly rates quoted 381 225 302
10th Percentile £10.95 £13.16 £11.75
25th Percentile £13.18 £18.50 £17.06
Median hourly rate £20.61 £37.50 £28.50
Median % change year-on-year -45.05% +31.58% +35.71%
75th Percentile £45.00 £62.00 £49.25
90th Percentile £67.38 £77.50 £67.32
UK excluding London median hourly rate £18.00 £35.00 £21.05
% change year-on-year -48.57% +66.27% +0.24%

SEPA
Job Vacancy Trend

Job postings citing SEPA as a proportion of all IT jobs advertised.

Job vacancy trend for SEPA in the UK

SEPA
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing SEPA.

Daily rate trend for SEPA in the UK

SEPA
Daily Rate Histogram

Daily rate distribution for jobs citing SEPA over the 6 months to 27 April 2024.

Daily rate histogram for SEPA in the UK

SEPA
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing SEPA.

Hourly rate trend for SEPA in the UK

SEPA
Top 7 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing SEPA within the UK over the 6 months to 27 April 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 +133 27 £700 +3.70% 4
London +110 24 £700 +3.70% 4
Work from Home +140 16 £700 +40.00% 1
UK excluding London +60 2 - - 1
South West +21 1 - -
North West - 1 - -
North of England - 1 - -

SEPA
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:

Business Applications
1 1 (3.33%) IntelliMatch
Database & Business Intelligence
1 4 (13.33%) SQL Server Integration Services
1 4 (13.33%) SQL Server Reporting Services
General
1 21 (70.00%) Finance
2 19 (63.33%) Banking
3 16 (53.33%) Social Skills
4 5 (16.67%) Analytical Skills
5 4 (13.33%) Corporate Banking
5 4 (13.33%) Front Office
6 2 (6.67%) Investment Banking
Job Titles
1 21 (70.00%) Analyst
1 21 (70.00%) Business Analyst
2 18 (60.00%) Payments Analyst
2 18 (60.00%) Payments Business Analyst
3 5 (16.67%) Architect
3 5 (16.67%) Banking Analyst
3 5 (16.67%) Banking Business Analyst
4 4 (13.33%) C# Developer
4 4 (13.33%) Developer
4 4 (13.33%) Solutions Architect
5 2 (6.67%) Payments Architect
5 2 (6.67%) Payments Solutions Architect
6 1 (3.33%) Senior
6 1 (3.33%) Senior Analyst
6 1 (3.33%) Senior Business Analyst
6 1 (3.33%) Senior Payments Business Analyst
6 1 (3.33%) SQL Analyst
Miscellaneous
1 21 (70.00%) SWIFT Messaging Network
2 8 (26.67%) Foreign Exchange (FX)
3 5 (16.67%) Derivative
4 1 (3.33%) Mobile Payment
4 1 (3.33%) PMI
4 1 (3.33%) Self-Motivation
Processes & Methodologies
1 6 (20.00%) Agile
1 6 (20.00%) SDLC
2 5 (16.67%) Business Analysis
3 4 (13.33%) Software Engineering
4 2 (6.67%) Problem-Solving
4 2 (6.67%) Project Management
4 2 (6.67%) Scrum
5 1 (3.33%) Cloud Security
5 1 (3.33%) Commercialisation
5 1 (3.33%) Creative Problem-Solving
5 1 (3.33%) Data Conversion
5 1 (3.33%) Data Mapping
5 1 (3.33%) Data Protection
5 1 (3.33%) Financial Modelling
5 1 (3.33%) Impact Analysis
5 1 (3.33%) Kanban
5 1 (3.33%) KYC
5 1 (3.33%) Mentoring
5 1 (3.33%) Target Operating Model
5 1 (3.33%) Workshop Facilitation
Programming Languages
1 4 (13.33%) C#
2 2 (6.67%) SQL
Qualifications
1 1 (3.33%) CBAP
1 1 (3.33%) Degree
1 1 (3.33%) PMI Certification
Quality Assurance & Compliance
1 4 (13.33%) EMIR
1 4 (13.33%) MiFID
2 3 (10.00%) ISO 20022
3 2 (6.67%) ISO 8583
4 1 (3.33%) TARGET2
Vendors
1 7 (23.33%) Bloomberg
2 5 (16.67%) Refinitiv
3 2 (6.67%) Reuters