Period
to 27 May 2020

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 27 May 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)
UK > England
6 months to
27 May 2020
Same period 2019 Same period 2018
Rank 569 593 760
Rank change year-on-year +24 +167 +4
Contract jobs citing PSD2 27 235 104
As % of all contract jobs advertised in England 0.064% 0.28% 0.11%
As % of the Quality Assurance & Compliance category 0.65% 2.73% 0.93%
Number of daily rates quoted 22 177 74
Median daily rate £513 £600 £550
Median daily rate % change year-on-year -14.58% +9.09% -4.35%
10th Percentile £367 £384 £421
90th Percentile £673 £718 £775
UK median daily rate £500 £600 £550
% change year-on-year -16.67% +9.09% -4.35%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK 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 England with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
England
Contract vacancies with a requirement for quality assurance or compliance skills 4,167 8,596 11,205
As % of all contract IT jobs advertised in England 9.89% 10.37% 12.17%
Number of daily rates quoted 2,488 5,337 7,239
Median daily rate £450 £450 £450
10th Percentile £250 £250 £263
90th Percentile £650 £650 £638
UK median daily rate £450 £450 £450
Number of hourly rates quoted 198 328 323
Median hourly rate £27.46 £22.83 £22.50
Median hourly rate % change year-on-year +20.28% +1.48% +5.46%
10th Percentile £13.08 £10.75 £11.75
90th Percentile £53.00 £52.50 £52.45
Median hourly rate £26.48 £22.96 £22.50
% change year-on-year +15.34% +2.03% -1.75%

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 27 May 2020.

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 27 May 2020. 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
London +13 18 £500 -23.08%
North of England +93 7 £625 +25.00%
North West +48 5 £650 +23.81%
Midlands +65 2 £650 +73.33%
Yorkshire +64 2 £349 -30.25%
East Midlands +35 1 - -
PSD2
UK

For the 6 months to 27 May 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 England region with a requirement for PSD2.

1 19 (70.37%) Finance
2 18 (66.67%) Banking
3 10 (37.04%) Agile Software Development
4 9 (33.33%) Java
5 8 (29.63%) Project Management
6 5 (18.52%) DRM
6 5 (18.52%) Service Delivery
6 5 (18.52%) Regression Testing
6 5 (18.52%) PRINCE2
6 5 (18.52%) Oracle
6 5 (18.52%) ERP
6 5 (18.52%) Back Office
6 5 (18.52%) PCI DSS
6 5 (18.52%) Oracle Fusion
6 5 (18.52%) Procure-to-Pay
6 5 (18.52%) Oracle Procure-to-Pay
7 4 (14.81%) Oracle Receivables
7 4 (14.81%) Oracle Assets
7 4 (14.81%) Go
7 4 (14.81%) JIRA
7 4 (14.81%) Oracle General Ledger
7 4 (14.81%) Splunk
7 4 (14.81%) Tableau
7 4 (14.81%) Oracle Payables
7 4 (14.81%) Microservices
7 4 (14.81%) Issue Tracking
7 4 (14.81%) Payment Gateway
7 4 (14.81%) Oracle CX
7 4 (14.81%) Self-Motivation
7 4 (14.81%) Stakeholder Management

PSD2
Co-occurring IT Skills in England 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 1 (3.70%) MS Project Server
1 1 (3.70%) SharePoint
Applications
1 1 (3.70%) InfoPath
1 1 (3.70%) Microsoft Excel
1 1 (3.70%) Microsoft Office
1 1 (3.70%) Microsoft PowerPoint
1 1 (3.70%) Microsoft Project
1 1 (3.70%) MS Visio
Business Applications
1 5 (18.52%) Oracle Procure-to-Pay
2 4 (14.81%) Oracle Assets
2 4 (14.81%) Oracle General Ledger
2 4 (14.81%) Oracle Payables
2 4 (14.81%) Oracle Receivables
2 4 (14.81%) Payment Gateway
Cloud Services
1 4 (14.81%) Oracle CX
2 3 (11.11%) Apigee
3 1 (3.70%) Amazon CloudWatch
3 1 (3.70%) AWS
Development Applications
1 4 (14.81%) JIRA
2 2 (7.41%) Eclipse
2 2 (7.41%) Maven
3 1 (3.70%) Cucumber
3 1 (3.70%) Selenium
General
1 19 (70.37%) Finance
2 18 (66.67%) Banking
3 5 (18.52%) Back Office
4 4 (14.81%) Financial Institution
4 4 (14.81%) French Language
5 3 (11.11%) Public Sector
6 1 (3.70%) Corporate Banking
6 1 (3.70%) Retail Banking
Job Titles
1 5 (18.52%) Delivery Manager
1 5 (18.52%) Developer
1 5 (18.52%) Service Delivery Manager
1 5 (18.52%) Service Manager
2 4 (14.81%) Analyst
2 4 (14.81%) Implementation Manager
2 4 (14.81%) Project Manager
2 4 (14.81%) Technical Implementation Manager
2 4 (14.81%) Technical Manager
3 3 (11.11%) Architect
3 3 (11.11%) Senior Developer
3 3 (11.11%) Test Analyst
4 2 (7.41%) Banking Analyst
4 2 (7.41%) Banking Project Manager
4 2 (7.41%) Payments Analyst
4 2 (7.41%) Project Implementation Manager
4 2 (7.41%) Technical Architect
5 1 (3.70%) Banking Business Analyst
5 1 (3.70%) Database Manager
5 1 (3.70%) Integration Project Manager
Libraries, Frameworks & Software Standards
1 5 (18.52%) Oracle Fusion
2 2 (7.41%) JSP
3 1 (3.70%) .NET
3 1 (3.70%) Gherkin
3 1 (3.70%) OAuth
3 1 (3.70%) OAuth2
3 1 (3.70%) OpenID
3 1 (3.70%) SAML
Miscellaneous
1 4 (14.81%) Self-Motivation
2 3 (11.11%) SWIFT
3 1 (3.70%) Cloud Native
3 1 (3.70%) Foreign Exchange (FX)
Processes & Methodologies
1 10 (37.04%) Agile Software Development
2 8 (29.63%) Project Management
3 5 (18.52%) DRM
3 5 (18.52%) ERP
3 5 (18.52%) PRINCE2
3 5 (18.52%) Procure-to-Pay
3 5 (18.52%) Regression Testing
3 5 (18.52%) Service Delivery
4 4 (14.81%) Computer Science
4 4 (14.81%) Issue Tracking
4 4 (14.81%) Microservices
4 4 (14.81%) Software Engineering
4 4 (14.81%) Stakeholder Management
5 3 (11.11%) API Development
5 3 (11.11%) Target Operating Model
6 2 (7.41%) Decision-Making
6 2 (7.41%) Fintech
6 2 (7.41%) Manual Testing
6 2 (7.41%) Programme Management
6 2 (7.41%) Regulatory Compliance
Programming Languages
1 9 (33.33%) Java
2 4 (14.81%) Go
2 4 (14.81%) Python
3 1 (3.70%) Java 8
3 1 (3.70%) Java 9
3 1 (3.70%) JavaScript
3 1 (3.70%) SQL
Qualifications
1 1 (3.70%) APMP
1 1 (3.70%) BPSS Clearance
1 1 (3.70%) CISM
1 1 (3.70%) CISSP
1 1 (3.70%) CRISC
1 1 (3.70%) DBS Check
1 1 (3.70%) SC Cleared
1 1 (3.70%) Security Cleared
Quality Assurance & Compliance
1 5 (18.52%) PCI DSS
2 2 (7.41%) SEPA
3 1 (3.70%) Disclosure Scotland
3 1 (3.70%) ISO 20022
3 1 (3.70%) PMO
3 1 (3.70%) QA
Systems Management
1 1 (3.70%) Single Sign-On
Vendors
1 5 (18.52%) Oracle
2 4 (14.81%) Splunk
2 4 (14.81%) Tableau
3 1 (3.70%) ForgeRock
3 1 (3.70%) Microsoft