Period
to 8 April 2020

The following table provides summary statistics for contract job vacancies advertised in 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 8 April 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)
England > London
6 months to
8 Apr 2020
Same period 2019 Same period 2018
Rank 461 450 585
Rank change year-on-year -11 +135 -37
Contract jobs citing PSD2 20 164 64
As % of all contract jobs advertised in London 0.080% 0.38% 0.14%
As % of the Quality Assurance & Compliance category 0.83% 3.70% 1.09%
Number of daily rates quoted 17 126 47
Median daily rate £513 £640 £563
Median daily rate % change year-on-year -19.92% +13.78% -6.25%
10th Percentile £372 £438 £495
90th Percentile £630 £725 £725
England median daily rate £513 £600 £550
% change year-on-year -14.58% +9.09% -4.35%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
England 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 London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
London
Contract vacancies with a requirement for quality assurance or compliance skills 2,423 4,435 5,850
As % of all contract IT jobs advertised in London 9.73% 10.38% 12.55%
Number of daily rates quoted 1,648 2,960 4,067
Median daily rate £488 £500 £498
Median daily rate % change year-on-year -2.50% +0.50% +4.74%
10th Percentile £300 £300 £300
90th Percentile £663 £675 £675
England median daily rate £450 £450 £450
Number of hourly rates quoted 47 61 97
Median hourly rate £27.50 £22.00 £21.00
Median hourly rate % change year-on-year +25.00% +4.76% -16.00%
10th Percentile £17.60 £12.50 £13.13
90th Percentile £50.20 £43.75 £57.50
Median hourly rate £25.68 £21.76 £21.90
% change year-on-year +18.01% -0.64% +6.83%

PSD2
Job Vacancy Trend in London

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

Job vacancy trend for PSD2 in London

PSD2
Contractor Daily Rate Trend in London

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

Daily rate trend for PSD2 in London

PSD2
Daily Rate Histogram in London

Daily rate distribution for jobs citing PSD2 in London over the 6 months to 8 April 2020.

Daily rate histogram for PSD2 in London

PSD2
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing PSD2 within the London region over the 6 months to 8 April 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
Central London +77 6 £500 +6.67% 1
East London - 1 £375 -
PSD2
England

For the 6 months to 8 April 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 London region with a requirement for PSD2.

1 17 (85.00%) Banking
2 11 (55.00%) Finance
3 6 (30.00%) Java
3 6 (30.00%) Agile Software Development
4 5 (25.00%) Microservices
4 5 (25.00%) Stakeholder Management
5 4 (20.00%) Financial Institution
5 4 (20.00%) Python
5 4 (20.00%) Apigee
5 4 (20.00%) Go
5 4 (20.00%) Splunk
5 4 (20.00%) Tableau
5 4 (20.00%) Software Engineering
5 4 (20.00%) JIRA
5 4 (20.00%) Computer Science
5 4 (20.00%) French Language
5 4 (20.00%) API Development
5 4 (20.00%) Issue Tracking
6 3 (15.00%) Fintech
6 3 (15.00%) SWIFT
6 3 (15.00%) Project Management
7 2 (10.00%) JavaScript
7 2 (10.00%) Manual Testing
7 2 (10.00%) Regulatory Compliance
8 1 (5.00%) Automated Trading
8 1 (5.00%) Project Delivery
8 1 (5.00%) ISO 20022
8 1 (5.00%) SEPA
8 1 (5.00%) Vue.js
8 1 (5.00%) Cloud Native

PSD2
Co-occurring IT Skills in 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 4 (20.00%) Apigee
2 1 (5.00%) Amazon CloudWatch
2 1 (5.00%) AWS
2 1 (5.00%) Firebase
Development Applications
1 4 (20.00%) JIRA
2 1 (5.00%) Cucumber
2 1 (5.00%) Selenium
General
1 17 (85.00%) Banking
2 11 (55.00%) Finance
3 4 (20.00%) Financial Institution
3 4 (20.00%) French Language
4 1 (5.00%) Corporate Banking
4 1 (5.00%) Law
4 1 (5.00%) Legal
4 1 (5.00%) Retail Banking
Job Titles
1 6 (30.00%) Developer
2 5 (25.00%) Senior Developer
3 4 (20.00%) Analyst
3 4 (20.00%) Implementation Manager
3 4 (20.00%) Project Manager
3 4 (20.00%) Technical Implementation Manager
3 4 (20.00%) Technical Manager
4 3 (15.00%) Test Analyst
5 2 (10.00%) Banking Analyst
5 2 (10.00%) Banking Project Manager
5 2 (10.00%) Payments Analyst
5 2 (10.00%) Payments Project Manager
5 2 (10.00%) Project Implementation Manager
6 1 (5.00%) Automation Test Analyst
6 1 (5.00%) Banking Business Analyst
6 1 (5.00%) Integration Project Manager
6 1 (5.00%) JavaScript Developer
6 1 (5.00%) Manual Test Analyst
6 1 (5.00%) Payments Business Analyst
6 1 (5.00%) Security Architect
Libraries, Frameworks & Software Standards
1 1 (5.00%) .NET
1 1 (5.00%) AngularJS
1 1 (5.00%) CSS
1 1 (5.00%) Gherkin
1 1 (5.00%) HTML
1 1 (5.00%) LESS
1 1 (5.00%) Node.js
1 1 (5.00%) Vue.js
Miscellaneous
1 3 (15.00%) SWIFT
2 1 (5.00%) Cloud Native
2 1 (5.00%) Foreign Exchange (FX)
Processes & Methodologies
1 6 (30.00%) Agile Software Development
2 5 (25.00%) Microservices
2 5 (25.00%) Stakeholder Management
3 4 (20.00%) API Development
3 4 (20.00%) Computer Science
3 4 (20.00%) Issue Tracking
3 4 (20.00%) Software Engineering
4 3 (15.00%) Fintech
4 3 (15.00%) Project Management
5 2 (10.00%) Manual Testing
5 2 (10.00%) Regulatory Compliance
6 1 (5.00%) Automated Trading
6 1 (5.00%) BDD
6 1 (5.00%) Business Analysis
6 1 (5.00%) E-Commerce
6 1 (5.00%) Information Security
6 1 (5.00%) Project Delivery
6 1 (5.00%) Risk Analysis
6 1 (5.00%) Security Architecture
6 1 (5.00%) Test Automation
Programming Languages
1 6 (30.00%) Java
2 4 (20.00%) Go
2 4 (20.00%) Python
3 2 (10.00%) JavaScript
4 1 (5.00%) SQL
Qualifications
1 1 (5.00%) CISM
1 1 (5.00%) CISSP
1 1 (5.00%) CRISC
Quality Assurance & Compliance
1 1 (5.00%) ISO 20022
1 1 (5.00%) SEPA
Vendors
1 4 (20.00%) Splunk
1 4 (20.00%) Tableau