Period
to 25 August 2019

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 25 August 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)
Central London > City of London
6 months to
25 Aug 2019
Same period 2018 Same period 2017
Rank 233 234 234
Rank change year-on-year +1 0 +9
Contract jobs citing PSD2 17 23 16
As % of all contract IT jobs advertised in the City of London 0.27% 0.33% 0.24%
As % of the Quality Assurance & Compliance category 3.04% 3.15% 1.62%
Number of daily rates quoted 7 19 16
City of London median daily rate £488 £550 £538
Median daily rate % change year-on-year -11.36% +2.33% +10.26%
10th Percentile £393 £305 £513
90th Percentile £663 £690 £606
Central London median daily rate £506 £550 £538
% change year-on-year -7.95% +2.33% +10.26%
Number of hourly rates quoted 0 0 0
City of London 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 559 731 985
As % of all contract IT jobs advertised in the City of London 8.82% 10.39% 14.66%
Number of daily rates quoted 419 550 746
City of London median daily rate £500 £475 £500
Median daily rate % change year-on-year +5.26% -5.00% +5.26%
10th Percentile £319 £300 £313
90th Percentile £675 £675 £681
Central London median daily rate £500 £475 £500
% change year-on-year +5.26% -5.00% +5.26%
Number of hourly rates quoted 6 10 13
City of London median hourly rate £15.33 £17.03 £15.00
Median hourly rate % change year-on-year -9.96% +13.50% -71.56%
10th Percentile £11.13 £13.85 £13.00
90th Percentile £27.63 £45.13 £26.00
Central London median hourly rate £18.56 £18.50 £15.00
% change year-on-year +0.34% +23.33% -71.56%

PSD2
Job Vacancy Trend in the City of London

Job postings citing PSD2 as a percentage 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

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

Contractor daily rate trend for PSD2 in the City of London

PSD2
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing PSD2 in the City of London over the 6 months to 25 August 2019.

Contractor daily rate histogram for PSD2 in the City of London

For the 6 months to 25 August 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 City of London region with a requirement for PSD2.

1 16 (94.12%) Banking
2 14 (82.35%) Finance
3 6 (35.29%) Middleware
3 6 (35.29%) Financial Institution
4 5 (29.41%) Data Mapping
4 5 (29.41%) Fraud Modelling
4 5 (29.41%) Agile Software Development
4 5 (29.41%) Actimize
4 5 (29.41%) GAP Analysis
4 5 (29.41%) Back Office
4 5 (29.41%) XML
4 5 (29.41%) SDLC
5 4 (23.53%) Retail Banking
6 3 (17.65%) Waterfall
7 2 (11.76%) Online Banking
7 2 (11.76%) Internet
7 2 (11.76%) Enterprise Architecture
7 2 (11.76%) Java
7 2 (11.76%) Migration
7 2 (11.76%) Stakeholder Management
7 2 (11.76%) SEPA
7 2 (11.76%) Test Scripting
7 2 (11.76%) DevOps
8 1 (5.88%) Regulatory Compliance
8 1 (5.88%) PMO
8 1 (5.88%) Pricing Strategy
8 1 (5.88%) Scenario Testing
8 1 (5.88%) Critical Thinking
8 1 (5.88%) DevSecOps
8 1 (5.88%) Product Roadmap

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:

Business Applications
1 5 (29.41%) Actimize
Cloud Services
1 1 (5.88%) AWS
1 1 (5.88%) Azure
1 1 (5.88%) GCP
Communications & Networking
1 2 (11.76%) Internet
Development Applications
1 1 (5.88%) Cucumber
1 1 (5.88%) Selenium
General
1 16 (94.12%) Banking
2 14 (82.35%) Finance
3 6 (35.29%) Financial Institution
4 5 (29.41%) Back Office
5 4 (23.53%) Retail Banking
6 1 (5.88%) Marketing
Job Titles
1 10 (58.82%) Analyst
2 9 (52.94%) Business Analyst
3 6 (35.29%) Fraud Analyst
3 6 (35.29%) Fraud Business Analyst
4 5 (29.41%) Consultant
4 5 (29.41%) Implementation Analyst
4 5 (29.41%) Implementation Consultant
4 5 (29.41%) Systems Analyst
5 3 (17.65%) Banking Analyst
6 2 (11.76%) Agile Business Analyst
6 2 (11.76%) Architect
6 2 (11.76%) Banking Business Analyst
6 2 (11.76%) Business IT Analyst
6 2 (11.76%) IT Analyst
6 2 (11.76%) IT Business Analyst
6 2 (11.76%) Lead Business Analyst
6 2 (11.76%) Retail Banking Business Analyst
7 1 (5.88%) DevOps Manager
7 1 (5.88%) PMO Lead
7 1 (5.88%) Senior DevOps
Libraries, Frameworks & Software Standards
1 6 (35.29%) Middleware
2 5 (29.41%) XML
3 1 (5.88%) OLE
3 1 (5.88%) REST
3 1 (5.88%) RESTful
3 1 (5.88%) SOAP
3 1 (5.88%) Web Services
Miscellaneous
1 2 (11.76%) Online Banking
2 1 (5.88%) Analytical Skills
2 1 (5.88%) Mobile Banking
2 1 (5.88%) PKI
2 1 (5.88%) SWIFT
2 1 (5.88%) Taxonomies
Processes & Methodologies
1 5 (29.41%) Agile Software Development
1 5 (29.41%) Data Mapping
1 5 (29.41%) Fraud Modelling
1 5 (29.41%) GAP Analysis
1 5 (29.41%) SDLC
2 3 (17.65%) Waterfall
3 2 (11.76%) DevOps
3 2 (11.76%) Enterprise Architecture
3 2 (11.76%) Migration
3 2 (11.76%) Stakeholder Management
3 2 (11.76%) Test Scripting
4 1 (5.88%) B2B
4 1 (5.88%) Continuous Integration
4 1 (5.88%) Cryptography
4 1 (5.88%) Information Security
4 1 (5.88%) Project Management
4 1 (5.88%) Security Testing
4 1 (5.88%) Strategic Planning
4 1 (5.88%) Validation
4 1 (5.88%) Vulnerability Assessment
Programming Languages
1 2 (11.76%) Java
Quality Assurance & Compliance
1 2 (11.76%) SEPA
2 1 (5.88%) PMO
2 1 (5.88%) QA
Systems Management
1 1 (5.88%) HP Quality Center
Vendors
1 1 (5.88%) HP