Period
to 21 February 2018

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 21 February 2018 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
21 Feb 2018
Same period 2017 Same period 2016
Rank 571 570 593
Rank change year-on-year -1 +23 -
Contract jobs citing PSD2 47 30 2
As % of all contract IT jobs advertised in London 0.10% 0.073% 0.005%
As % of the Quality Assurance & Compliance category 0.77% 0.61% 0.039%
Number of daily rates quoted 35 19 2
London median daily rate £550 £625 £550
Median daily rate % change year-on-year -12.00% +13.64% -
10th Percentile £473 £470 £528
90th Percentile £733 £850 £573
England median daily rate £550 £600 £550
% change year-on-year -8.33% +9.09% -
Number of hourly rates quoted 0 0 0
London 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 6,091 4,942 5,112
As % of all contract IT jobs advertised in London 12.97% 11.96% 11.68%
Number of daily rates quoted 4,323 3,424 3,496
London median daily rate £488 £475 £450
Median daily rate % change year-on-year +2.63% +5.56% +5.88%
10th Percentile £305 £281 £263
90th Percentile £675 £663 £625
England median daily rate £450 £425 £413
% change year-on-year +5.88% +3.03% +3.13%
Number of hourly rates quoted 89 78 61
London median hourly rate £20.00 £20.75 £22.12
Median hourly rate % change year-on-year -3.61% -6.17% +2.86%
10th Percentile £12.85 £11.82 £12.00
90th Percentile £57.50 £47.25 £55.00
England median hourly rate £21.01 £21.50 £25.00
% change year-on-year -2.30% -14.00% +16.28%

PSD2
Job Vacancy Trend in London

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

Job vacancy trend for PSD2 in London

PSD2
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for PSD2 in London

PSD2
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing PSD2 in London over the 6 months to 21 February 2018.

Contractor 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 21 February 2018. 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
South London - 4 £563 -
Central London -29 2 £550 -2.22% 3
PSD2
England

For the 6 months to 21 February 2018, 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 38 (80.85%) Banking
2 32 (68.09%) Finance
3 22 (46.81%) Agile Software Development
4 14 (29.79%) Stakeholder Management
5 13 (27.66%) Retail Banking
6 12 (25.53%) Scrum
7 9 (19.15%) User Stories
8 8 (17.02%) Fintech
8 8 (17.02%) GDPR
9 7 (14.89%) DevOps
9 7 (14.89%) SDLC
10 6 (12.77%) Java
11 5 (10.64%) Legal
11 5 (10.64%) Back Office
11 5 (10.64%) TDD
11 5 (10.64%) Maven
11 5 (10.64%) Software Engineering
11 5 (10.64%) Jenkins
11 5 (10.64%) JIRA
11 5 (10.64%) Git (software)
11 5 (10.64%) Analytical Skills
12 4 (8.51%) IFRS
12 4 (8.51%) IFRS 9
12 4 (8.51%) Customer-Centricity
12 4 (8.51%) Business Analysis
12 4 (8.51%) Open Source
12 4 (8.51%) BDD
12 4 (8.51%) Private Banking
12 4 (8.51%) Wealth Management
12 4 (8.51%) Investment Management

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:

Application Platforms
1 2 (4.26%) Confluence
2 1 (2.13%) Apache
2 1 (2.13%) Apache Spark
2 1 (2.13%) Cloud Foundry
Applications
1 1 (2.13%) Microsoft Office
Cloud Services
1 1 (2.13%) Amazon AWS
1 1 (2.13%) Amazon S3
Communications & Networking
1 1 (2.13%) Network Security
Database & Business Intelligence
1 3 (6.38%) Big Data
1 3 (6.38%) MongoDB
2 2 (4.26%) NoSQL
3 1 (2.13%) Amazon DynamoDB
3 1 (2.13%) Amazon RDS
3 1 (2.13%) Amazon Redshift
3 1 (2.13%) CouchDB
3 1 (2.13%) Neo4j
3 1 (2.13%) RDBMS
3 1 (2.13%) Relational Database
3 1 (2.13%) Spark SQL
Development Applications
1 5 (10.64%) Git (software)
1 5 (10.64%) Jenkins
1 5 (10.64%) JIRA
1 5 (10.64%) Maven
2 2 (4.26%) Cucumber
3 1 (2.13%) Appium
3 1 (2.13%) Selenium
General
1 38 (80.85%) Banking
2 32 (68.09%) Finance
3 13 (27.66%) Retail Banking
4 5 (10.64%) Back Office
4 5 (10.64%) Legal
5 4 (8.51%) Investment Banking
5 4 (8.51%) Private Banking
6 1 (2.13%) Financial Institution
Job Titles
1 18 (38.30%) Analyst
2 15 (31.91%) Business Analyst
3 7 (14.89%) Project Manager
4 5 (10.64%) Banking Analyst
4 5 (10.64%) Banking Project Manager
5 4 (8.51%) Architect
5 4 (8.51%) Banking Business Analyst
5 4 (8.51%) Change Manager
5 4 (8.51%) IT Manager
5 4 (8.51%) IT Project Manager
5 4 (8.51%) Java Engineer
5 4 (8.51%) Java Software Engineer
5 4 (8.51%) Programme Manager
5 4 (8.51%) Regulatory Business Analyst
5 4 (8.51%) Software Engineer
6 3 (6.38%) MiFID Business Analyst
6 3 (6.38%) Payments Architect
6 3 (6.38%) Payments Solutions Architect
6 3 (6.38%) Senior Analyst
6 3 (6.38%) Solutions Architect
Libraries, Frameworks & Software Standards
1 4 (8.51%) Akka
2 3 (6.38%) Spring
3 1 (2.13%) Apache Avro
3 1 (2.13%) Apache Thrift
3 1 (2.13%) Kafka
3 1 (2.13%) MLlib
3 1 (2.13%) Natural Language Processing
3 1 (2.13%) Node.js
3 1 (2.13%) Protocol Buffers
3 1 (2.13%) Redux
3 1 (2.13%) RESTful
3 1 (2.13%) Spark Streaming
3 1 (2.13%) Swagger
3 1 (2.13%) XML
3 1 (2.13%) XSD
Miscellaneous
1 8 (17.02%) Fintech
2 5 (10.64%) Analytical Skills
3 3 (6.38%) Clustering
4 2 (4.26%) Cybercrime
4 2 (4.26%) Data Protection Act
4 2 (4.26%) User Experience
5 1 (2.13%) Data Structures
5 1 (2.13%) Foreign Exchange (FX)
5 1 (2.13%) Mobile App
5 1 (2.13%) Mobile Banking
5 1 (2.13%) Taxonomies
5 1 (2.13%) Wiki
Operating Systems
1 3 (6.38%) Linux
2 1 (2.13%) Windows
Processes & Methodologies
1 22 (46.81%) Agile Software Development
2 14 (29.79%) Stakeholder Management
3 12 (25.53%) Scrum
4 9 (19.15%) User Stories
5 7 (14.89%) DevOps
5 7 (14.89%) SDLC
6 5 (10.64%) Software Engineering
6 5 (10.64%) TDD
7 4 (8.51%) BDD
7 4 (8.51%) Business Analysis
7 4 (8.51%) Customer-Centricity
7 4 (8.51%) Data Protection
7 4 (8.51%) Investment Management
7 4 (8.51%) Open Source
7 4 (8.51%) Wealth Management
8 3 (6.38%) High Availability
8 3 (6.38%) Target Operating Model
9 2 (4.26%) Data Governance
9 2 (4.26%) Data Mapping
9 2 (4.26%) Waterfall
Programming Languages
1 6 (12.77%) Java
2 1 (2.13%) JavaScript
2 1 (2.13%) SQL
Qualifications
1 4 (8.51%) CCA
2 2 (4.26%) Degree
Quality Assurance & Compliance
1 8 (17.02%) GDPR
2 4 (8.51%) IFRS
2 4 (8.51%) IFRS 9
3 3 (6.38%) MiFID
4 2 (4.26%) FATCA
4 2 (4.26%) PCI DSS
5 1 (2.13%) Data Quality
System Software
1 3 (6.38%) Docker
Systems Management
1 3 (6.38%) Ansible
1 3 (6.38%) Kubernetes
Vendors
1 2 (4.26%) IBM
1 2 (4.26%) Microsoft
1 2 (4.26%) WorldPay
2 1 (2.13%) Tableau