TARGET2 Contracts in England

TARGET2
UK > England

The table below provides summary statistics for contract job vacancies advertised in England requiring TARGET2 skills. It includes a benchmarking guide to the contractor rates offered in vacancies that cited TARGET2 over the 6 months leading up to 1 May 2025, comparing them to the same period in the previous two years.

6 months to
1 May 2025
Same period 2024 Same period 2023
Rank 484 541 644
Rank change year-on-year +57 +103 +137
Contract jobs citing TARGET2 1 1 9
As % of all contract jobs advertised in England 0.004% 0.003% 0.018%
As % of the Quality Assurance & Compliance category 0.026% 0.019% 0.13%
Number of daily rates quoted 0 0 5
10th Percentile - - £608
25th Percentile - - £638
Median daily rate (50th Percentile) - - £675
Median % change year-on-year - - +90.14%
75th Percentile - - £888
90th Percentile - - -
UK median daily rate - - £675
% change year-on-year - - +42.11%

All Quality Assurance and Compliance Skills
England

TARGET2 falls under the Quality Assurance and Compliance category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring quality assurance or compliance skills in England.

Contract vacancies with a requirement for quality assurance or compliance skills 3,865 5,295 6,738
As % of all contract IT jobs advertised in England 15.87% 14.24% 13.35%
Number of daily rates quoted 2,481 3,378 4,585
10th Percentile £270 £300 £276
25th Percentile £400 £408 £406
Median daily rate (50th Percentile) £513 £525 £525
Median % change year-on-year -2.38% - -
75th Percentile £635 £638 £650
90th Percentile £738 £750 £750
UK median daily rate £500 £510 £525
% change year-on-year -1.96% -2.86% +2.44%
Number of hourly rates quoted 160 347 206
10th Percentile £17.78 £10.95 £13.94
25th Percentile £22.27 £13.09 £19.50
Median hourly rate £34.75 £22.34 £41.50
Median % change year-on-year +55.55% -46.17% +50.91%
75th Percentile £65.00 £45.00 £63.75
90th Percentile £79.11 £67.38 £79.88
UK median hourly rate £34.50 £20.80 £37.50
% change year-on-year +65.85% -44.53% +33.93%

TARGET2
Job Vacancy Trend in England

Job postings citing TARGET2 as a proportion of all IT jobs advertised in England.

Job vacancy trend for TARGET2 in England

TARGET2
Contractor Daily Rate Trend in England

3-month moving average daily rate quoted in jobs citing TARGET2 in England.

Daily rate trend for TARGET2 in England

TARGET2
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 TARGET2 within the England region over the 6 months to 1 May 2025. 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 - 1 - - 2
TARGET2
UK

TARGET2
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:

General
1 1 (100.00%) Analytical Skills
1 1 (100.00%) Banking
1 1 (100.00%) Finance
1 1 (100.00%) Social Skills
Job Titles
1 1 (100.00%) Analyst
1 1 (100.00%) Business Analyst
1 1 (100.00%) Payments Analyst
1 1 (100.00%) Payments Business Analyst
Miscellaneous
1 1 (100.00%) Foreign Exchange (FX)
1 1 (100.00%) SWIFT Messaging Network
Processes & Methodologies
1 1 (100.00%) Business Analysis
1 1 (100.00%) Collateral Management
1 1 (100.00%) GAP Analysis
1 1 (100.00%) Migration
1 1 (100.00%) Problem-Solving
1 1 (100.00%) Project Delivery
1 1 (100.00%) SDLC
1 1 (100.00%) Workflow
1 1 (100.00%) Workflow Analysis
Quality Assurance & Compliance
1 1 (100.00%) ISO 20022
1 1 (100.00%) SEPA
Vendors
1 1 (100.00%) Murex