PSD2 Contracts in England

EU Revised Directive on Payment Services (PSD2)
UK > England

The following table provides summary statistics for contract job vacancies advertised in England 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 28 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
28 Apr 2024
Same period 2023 Same period 2022
Rank 532 649 762
Rank change year-on-year +117 +113 -153
Contract jobs citing PSD2 6 6 22
As % of all contract jobs advertised in England 0.016% 0.012% 0.031%
As % of the Quality Assurance & Compliance category 0.11% 0.089% 0.24%
Number of daily rates quoted 2 5 15
10th Percentile £433 - £422
25th Percentile £463 - £531
Median daily rate (50th Percentile) £520 £458 £645
Median % change year-on-year +13.54% -28.99% +36.51%
75th Percentile £571 £530 £728
90th Percentile £597 £572 £775
UK median daily rate £525 £458 £647
% change year-on-year +14.63% -29.21% +43.78%

All Quality Assurance and Compliance Skills
England

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 England with a requirement for quality assurance or compliance skills.

Contract vacancies with a requirement for quality assurance or compliance skills 5,258 6,740 9,340
As % of all contract IT jobs advertised in England 14.22% 13.35% 13.14%
Number of daily rates quoted 3,343 4,585 6,397
10th Percentile £300 £276 £288
25th Percentile £408 £406 £406
Median daily rate (50th Percentile) £525 £525 £524
Median % change year-on-year - +0.19% +10.32%
75th Percentile £638 £650 £625
90th Percentile £750 £750 £725
UK median daily rate £510 £525 £513
% change year-on-year -2.86% +2.44% +7.89%
Number of hourly rates quoted 346 206 260
10th Percentile £10.95 £13.94 £11.75
25th Percentile £13.05 £19.50 £16.50
Median hourly rate £22.04 £41.50 £27.50
Median % change year-on-year -46.90% +50.91% +30.95%
75th Percentile £44.69 £63.75 £49.25
90th Percentile £67.38 £79.88 £68.75
UK median hourly rate £20.61 £37.50 £28.50
% change year-on-year -45.05% +31.58% +35.39%

PSD2
Job Vacancy Trend in England

Job postings citing PSD2 as a proportion of all IT jobs advertised in England.

Job vacancy trend for PSD2 in England

PSD2
Contractor Daily Rate Trend in England

3-month moving average daily rate quoted in jobs citing PSD2 in England.

Daily rate trend for PSD2 in England

PSD2
Daily Rate Histogram in England

Daily rate distribution for jobs citing PSD2 in England over the 6 months to 28 April 2024.

Daily rate histogram for PSD2 in England

PSD2
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing PSD2 within the England region over the 6 months to 28 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
London +105 4 - - 3
East Midlands - 2 £520 -
Midlands - 2 £520 -
PSD2
UK

PSD2
Co-occurring Skills and Capabilities in England 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 (16.67%) Payment Gateway
General
1 3 (50.00%) Banking
2 2 (33.33%) Finance
2 2 (33.33%) Retail
2 2 (33.33%) Social Skills
Job Titles
1 2 (33.33%) Architect
1 2 (33.33%) Payments Architect
2 1 (16.67%) Analyst
2 1 (16.67%) Business Analyst
2 1 (16.67%) Finance Manager
2 1 (16.67%) Product Manager
Processes & Methodologies
1 3 (50.00%) Problem-Solving
2 2 (33.33%) Architectural Design
2 2 (33.33%) Regulatory Compliance
2 2 (33.33%) Stakeholder Management
2 2 (33.33%) Translating Business Requirements
3 1 (16.67%) Product Management
3 1 (16.67%) Requirements Gathering
Quality Assurance & Compliance
1 5 (83.33%) PCI DSS
2 2 (33.33%) GDPR
3 1 (16.67%) NIST