Period
to 14 December 2018

The following table provides summary statistics for contract job vacancies advertised in Central London with a requirement for PSD2 skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited PSD2 over the 6 months to 14 December 2018 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

EU Revised Directive on Payment Services (PSD2)
London > Central London
6 months to
14 Dec 2018
Same period 2017 Same period 2016
Rank 290 289 264
Rank change year-on-year -1 -25 -
Contract jobs citing PSD2 13 2 3
As % of all contract IT jobs advertised in Central London 0.14% 0.023% 0.038%
As % of the Quality Assurance & Compliance category 1.56% 0.18% 0.33%
Number of daily rates quoted 7 1 2
Central London median daily rate £625 £550 £563
Median daily rate % change year-on-year +13.64% -2.22% -
10th Percentile £506 £525 £471
90th Percentile £735 £575 £664
London median daily rate £615 £550 £625
% change year-on-year +11.82% -12.00% +47.06%
Number of hourly rates quoted 0 0 0
Central London median hourly rate - - -
London median hourly rate - - -

PSD2 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 advertised in Central London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
Central London
Contract vacancies with a requirement for quality assurance or compliance skills 836 1,096 912
As % of all contract IT jobs advertised in Central London 8.97% 12.64% 11.58%
Number of daily rates quoted 627 850 692
Central London median daily rate £475 £488 £475
Median daily rate % change year-on-year -2.56% +2.63% +5.56%
10th Percentile £268 £311 £309
90th Percentile £638 £675 £668
London median daily rate £480 £483 £458
% change year-on-year -0.52% +5.46% +1.67%
Number of hourly rates quoted 12 12 5
Central London median hourly rate £18.85 £15.00 £46.50
Median hourly rate % change year-on-year +25.67% -67.74% +111.36%
10th Percentile £14.00 £15.00 £17.60
90th Percentile £26.73 £26.23 £135.55
London median hourly rate £26.50 £20.00 £20.25
% change year-on-year +32.50% -1.23% -6.23%

PSD2
Job Vacancy Trend in Central London

Job postings citing PSD2 as a percentage of all IT jobs advertised in Central London.

Job vacancy trend for PSD2 in Central London

PSD2
Contractor Daily Rate Trend in Central London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing PSD2 in Central London.

Contractor daily rate trend for PSD2 in Central London

PSD2
Contractor Daily Rate Histogram in Central London

The daily rate distribution of IT jobs citing PSD2 in Central London over the 6 months to 14 December 2018.

Contractor daily rate histogram for PSD2 in Central London

PSD2
Contract Job Locations in Central London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing PSD2 within the Central London region over the 6 months to 14 December 2018. 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
Job
Vacancies
City of London +16 12 £638 +15.91% 1
PSD2
London

For the 6 months to 14 December 2018, IT contractor jobs citing PSD2 also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the Central London region with a requirement for PSD2.

1 11 (84.62%) Banking
2 8 (61.54%) Finance
3 6 (46.15%) Integration Testing
3 6 (46.15%) REST
4 5 (38.46%) Validation
4 5 (38.46%) Agile Software Development
5 4 (30.77%) HP
5 4 (30.77%) OpenID
5 4 (30.77%) HP Quality Center
5 4 (30.77%) Test Scripting
5 4 (30.77%) QA
5 4 (30.77%) SWIFT
5 4 (30.77%) API Development
5 4 (30.77%) API Testing
5 4 (30.77%) TARGET2
5 4 (30.77%) SEPA
5 4 (30.77%) Analytical Skills
6 3 (23.08%) Fintech
6 3 (23.08%) Mobile App
6 3 (23.08%) DevOps
6 3 (23.08%) OAuth
7 2 (15.38%) Use Case
7 2 (15.38%) Java EE
7 2 (15.38%) JSON
7 2 (15.38%) Oracle SOA Suite
7 2 (15.38%) Middleware
7 2 (15.38%) Java
7 2 (15.38%) Oracle
7 2 (15.38%) SQL Server
7 2 (15.38%) SOAP

PSD2
Co-occurring IT Skills in Central London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 2 (15.38%) Oracle SOA Suite
Cloud Services
1 1 (7.69%) Amazon AWS
1 1 (7.69%) Apigee
Database & Business Intelligence
1 2 (15.38%) SQL Server
General
1 11 (84.62%) Banking
2 8 (61.54%) Finance
3 2 (15.38%) Financial Institution
4 1 (7.69%) Front Office
4 1 (7.69%) Investment Banking
4 1 (7.69%) Retail Banking
Job Titles
1 4 (30.77%) Payments Tester
1 4 (30.77%) Tester
2 2 (15.38%) Product Owner
3 1 (7.69%) Agile Business Analyst
3 1 (7.69%) Analyst
3 1 (7.69%) Architect
3 1 (7.69%) Business Analyst
3 1 (7.69%) Digital Analyst
3 1 (7.69%) Digital Business Analyst
3 1 (7.69%) Programme Manager
3 1 (7.69%) Project Manager
3 1 (7.69%) Scrum Master
3 1 (7.69%) Security Architect
3 1 (7.69%) Security Specialist
3 1 (7.69%) Technical Leader
Libraries, Frameworks & Software Standards
1 6 (46.15%) REST
2 4 (30.77%) OpenID
3 3 (23.08%) OAuth
4 2 (15.38%) Java EE
4 2 (15.38%) JSON
4 2 (15.38%) Middleware
4 2 (15.38%) SOAP
4 2 (15.38%) Web Services
5 1 (7.69%) SAML
Miscellaneous
1 4 (30.77%) Analytical Skills
1 4 (30.77%) SWIFT
2 3 (23.08%) Fintech
2 3 (23.08%) Mobile App
Processes & Methodologies
1 6 (46.15%) Integration Testing
2 5 (38.46%) Agile Software Development
2 5 (38.46%) Validation
3 4 (30.77%) API Development
3 4 (30.77%) API Testing
3 4 (30.77%) Test Scripting
4 3 (23.08%) DevOps
5 2 (15.38%) Continuous Delivery
5 2 (15.38%) Penetration Testing
5 2 (15.38%) SDLC
5 2 (15.38%) SOA
5 2 (15.38%) Stakeholder Management
5 2 (15.38%) TDD
5 2 (15.38%) Use Case
5 2 (15.38%) Workshop Facilitation
6 1 (7.69%) Identity Access Management
6 1 (7.69%) Microservices
6 1 (7.69%) Migration
6 1 (7.69%) Problem-Solving
6 1 (7.69%) Scrum
Programming Languages
1 2 (15.38%) Java
Qualifications
1 1 (7.69%) Computer Science Degree
1 1 (7.69%) Degree
Quality Assurance & Compliance
1 4 (30.77%) QA
1 4 (30.77%) SEPA
1 4 (30.77%) TARGET2
System Software
1 1 (7.69%) OpenAM
Systems Management
1 4 (30.77%) HP Quality Center
2 2 (15.38%) Single Sign-On
2 2 (15.38%) WebSphere Service Registry and Repository
Vendors
1 4 (30.77%) HP
2 2 (15.38%) Oracle
3 1 (7.69%) ForgeRock
3 1 (7.69%) Google
3 1 (7.69%) IBM
3 1 (7.69%) Microsoft