Period
to 2 June 2020

The following table provides summary statistics for contract job vacancies advertised in the City of 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 2 June 2020 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)
Central London > City of London
6 months to
2 Jun 2020
Same period 2019 Same period 2018
Rank 144 220 232
Rank change year-on-year +76 +12 -22
Contract jobs citing PSD2 4 14 20
As % of all contract jobs advertised in the City of London 0.13% 0.22% 0.29%
As % of the Quality Assurance & Compliance category 1.20% 2.55% 2.53%
Number of daily rates quoted 3 8 15
Median daily rate £395 £506 £480
Median daily rate % change year-on-year -21.98% +5.47% -8.57%
10th Percentile £370 £341 £304
90th Percentile £591 £798 £675
Central London median daily rate £500 £488 £480
% change year-on-year +2.56% +1.56% -8.57%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
Central 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 the City of London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
City of London
Contract vacancies with a requirement for quality assurance or compliance skills 332 548 791
As % of all contract IT jobs advertised in the City of London 11.08% 8.57% 11.36%
Number of daily rates quoted 214 411 587
Median daily rate £484 £525 £488
Median daily rate % change year-on-year -7.86% +7.69% -2.50%
10th Percentile £300 £338 £313
90th Percentile £638 £650 £675
Central London median daily rate £475 £500 £488
% change year-on-year -5.00% +2.56% -2.50%
Number of hourly rates quoted 6 9 8
Median hourly rate £38.48 £17.66 £15.53
Median hourly rate % change year-on-year +117.87% +13.75% +4.55%
10th Percentile £22.73 £11.50 £13.81
90th Percentile £50.00 £71.76 £65.38
Median hourly rate £38.48 £18.58 £15.55
% change year-on-year +107.08% +19.49% +5.42%

PSD2
Job Vacancy Trend in the City of London

Job postings citing PSD2 as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for PSD2 in the City of London

PSD2
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing PSD2 in the City of London.

Daily rate trend for PSD2 in the City of London

PSD2
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing PSD2 in the City of London over the 6 months to 2 June 2020.

Daily rate histogram for PSD2 in the City of London

For the 6 months to 2 June 2020, 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 City of London region with a requirement for PSD2.

1 4 (100.00%) Finance
2 3 (75.00%) Banking
3 2 (50.00%) Software Engineering
3 2 (50.00%) Financial Institution
3 2 (50.00%) Agile Software Development
3 2 (50.00%) JIRA
3 2 (50.00%) Computer Science
3 2 (50.00%) French Language
3 2 (50.00%) Java
3 2 (50.00%) Python
3 2 (50.00%) Splunk
3 2 (50.00%) Tableau
3 2 (50.00%) Go
3 2 (50.00%) Issue Tracking
4 1 (25.00%) Cloud Native
4 1 (25.00%) Amazon CloudWatch
4 1 (25.00%) Foreign Exchange (FX)
4 1 (25.00%) Stakeholder Management
4 1 (25.00%) AWS
4 1 (25.00%) Security Architecture

PSD2
Co-occurring IT Skills in the City of 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:

Cloud Services
1 1 (25.00%) Amazon CloudWatch
1 1 (25.00%) AWS
Development Applications
1 2 (50.00%) JIRA
General
1 4 (100.00%) Finance
2 3 (75.00%) Banking
3 2 (50.00%) Financial Institution
3 2 (50.00%) French Language
Job Titles
1 2 (50.00%) Implementation Manager
1 2 (50.00%) Technical Implementation Manager
1 2 (50.00%) Technical Manager
2 1 (25.00%) Architect
2 1 (25.00%) Integration Manager
2 1 (25.00%) Integration Project Manager
2 1 (25.00%) Payments Project Manager
2 1 (25.00%) Project Manager
2 1 (25.00%) Security Architect
Miscellaneous
1 1 (25.00%) Cloud Native
1 1 (25.00%) Foreign Exchange (FX)
Processes & Methodologies
1 2 (50.00%) Agile Software Development
1 2 (50.00%) Computer Science
1 2 (50.00%) Issue Tracking
1 2 (50.00%) Software Engineering
2 1 (25.00%) Security Architecture
2 1 (25.00%) Stakeholder Management
Programming Languages
1 2 (50.00%) Go
1 2 (50.00%) Java
1 2 (50.00%) Python
Vendors
1 2 (50.00%) Splunk
1 2 (50.00%) Tableau