Period
to 25 April 2019

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 25 April 2019 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
25 Apr 2019
Same period 2018 Same period 2017
Rank 261 277 236
Rank change year-on-year +16 -41 +24
Contract jobs citing PSD2 19 12 15
As % of all contract IT jobs advertised in Central London 0.22% 0.13% 0.21%
As % of the Quality Assurance & Compliance category 2.50% 1.12% 1.59%
Number of daily rates quoted 10 9 14
Central London median daily rate £469 £563 £525
Median daily rate % change year-on-year -16.67% +7.14% -1.18%
10th Percentile £344 £426 £513
90th Percentile £783 £700 £614
London median daily rate £650 £570 £575
% change year-on-year +14.04% -0.87% +4.55%
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 761 1,073 942
As % of all contract IT jobs advertised in Central London 8.65% 11.67% 13.10%
Number of daily rates quoted 543 767 702
Central London median daily rate £500 £498 £500
Median daily rate % change year-on-year +0.50% -0.50% +11.11%
10th Percentile £321 £313 £313
90th Percentile £650 £650 £675
London median daily rate £500 £495 £475
% change year-on-year +1.01% +4.21% +5.56%
Number of hourly rates quoted 11 13 7
Central London median hourly rate £21.18 £15.50 £14.00
Median hourly rate % change year-on-year +36.65% +10.71% -55.56%
10th Percentile £12.50 £14.80 £13.50
90th Percentile £43.01 £67.05 £16.71
London median hourly rate £22.00 £21.90 £22.00
% change year-on-year +0.46% -0.45% -2.22%

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 25 April 2019.

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 25 April 2019. 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 +3 14 £506 -10.00%
PSD2
London

For the 6 months to 25 April 2019, 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 19 (100.00%) Banking
2 17 (89.47%) Finance
3 6 (31.58%) Test Scripting
3 6 (31.58%) SEPA
4 5 (26.32%) High-Fidelity Prototypes
4 5 (26.32%) Low-Fidelity Prototypes
4 5 (26.32%) SWIFT
4 5 (26.32%) User Experience
4 5 (26.32%) User-Centered Design (UCD)
4 5 (26.32%) Financial Institution
5 4 (21.05%) Validation
5 4 (21.05%) HP
5 4 (21.05%) HP Quality Center
5 4 (21.05%) QA
5 4 (21.05%) Integration Testing
5 4 (21.05%) Analytical Skills
5 4 (21.05%) REST
5 4 (21.05%) API Development
5 4 (21.05%) API Testing
6 3 (15.79%) TARGET2
6 3 (15.79%) Retail Banking
6 3 (15.79%) Online Banking
6 3 (15.79%) Internet
6 3 (15.79%) Middleware
6 3 (15.79%) Stakeholder Management
7 2 (10.53%) GAP Analysis
7 2 (10.53%) Back Office
7 2 (10.53%) XML
7 2 (10.53%) Data Mapping
7 2 (10.53%) Fraud Modelling

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:

Business Applications
1 2 (10.53%) Actimize
Cloud Services
1 2 (10.53%) Google Cloud Platform
1 2 (10.53%) Microsoft Azure
2 1 (5.26%) Amazon AWS
2 1 (5.26%) Azure Active Directory
Communications & Networking
1 3 (15.79%) Internet
Development Applications
1 1 (5.26%) Cucumber
1 1 (5.26%) Selenium
General
1 19 (100.00%) Banking
2 17 (89.47%) Finance
3 5 (26.32%) Financial Institution
4 3 (15.79%) Retail Banking
5 2 (10.53%) Back Office
6 1 (5.26%) Games
6 1 (5.26%) Marketing
Job Titles
1 4 (21.05%) Analyst
1 4 (21.05%) Designer
1 4 (21.05%) Tester
2 3 (15.79%) Payments Tester
2 3 (15.79%) UI Designer
2 3 (15.79%) UI/UX Designer
2 3 (15.79%) UX Designer
3 2 (10.53%) Business Analyst
3 2 (10.53%) Consultant
3 2 (10.53%) Developer
3 2 (10.53%) Fraud Analyst
3 2 (10.53%) Fraud Business Analyst
3 2 (10.53%) Implementation Analyst
3 2 (10.53%) Implementation Consultant
3 2 (10.53%) Systems Analyst
3 2 (10.53%) Test Analyst
3 2 (10.53%) UI Developer
3 2 (10.53%) UI/UX Developer
3 2 (10.53%) UX Developer
4 1 (5.26%) Project Manager
Libraries, Frameworks & Software Standards
1 4 (21.05%) REST
2 3 (15.79%) Middleware
3 2 (10.53%) XML
4 1 (5.26%) OAuth
4 1 (5.26%) OAuth2
4 1 (5.26%) OLE
4 1 (5.26%) OpenID
4 1 (5.26%) RESTful
4 1 (5.26%) SAML
4 1 (5.26%) SOAP
4 1 (5.26%) Web Services
Miscellaneous
1 5 (26.32%) SWIFT
1 5 (26.32%) User Experience
2 4 (21.05%) Analytical Skills
3 3 (15.79%) Online Banking
4 2 (10.53%) Fintech
5 1 (5.26%) Mobile Banking
5 1 (5.26%) PKI
5 1 (5.26%) Taxonomies
Processes & Methodologies
1 6 (31.58%) Test Scripting
2 5 (26.32%) High-Fidelity Prototypes
2 5 (26.32%) Low-Fidelity Prototypes
2 5 (26.32%) User-Centered Design (UCD)
3 4 (21.05%) API Development
3 4 (21.05%) API Testing
3 4 (21.05%) Integration Testing
3 4 (21.05%) Validation
4 3 (15.79%) Stakeholder Management
5 2 (10.53%) Data Mapping
5 2 (10.53%) DevOps
5 2 (10.53%) Fraud Modelling
5 2 (10.53%) GAP Analysis
5 2 (10.53%) Regulatory Compliance
5 2 (10.53%) Scenario Testing
5 2 (10.53%) SDLC
5 2 (10.53%) Test Planning
6 1 (5.26%) BDD
6 1 (5.26%) Critical Thinking
6 1 (5.26%) Waterfall
Quality Assurance & Compliance
1 6 (31.58%) SEPA
2 4 (21.05%) QA
3 3 (15.79%) TARGET2
4 1 (5.26%) PMO
Systems Management
1 4 (21.05%) HP Quality Center
2 2 (10.53%) PingFederate
Vendors
1 4 (21.05%) HP
2 1 (5.26%) Google
2 1 (5.26%) Ping Identity