Period
to 13 November 2019

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 13 November 2019 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
13 Nov 2019
Same period 2018 Same period 2017
Rank 487 529 594
Rank change year-on-year +42 +65 +22
Contract jobs citing PSD2 60 111 52
As % of all contract IT jobs advertised in London 0.17% 0.24% 0.11%
As % of the Quality Assurance & Compliance category 1.74% 2.32% 0.86%
Number of daily rates quoted 39 74 35
London median daily rate £550 £575 £550
Median daily rate % change year-on-year -4.35% +4.55% -8.33%
10th Percentile £318 £387 £440
90th Percentile £835 £788 £768
England median daily rate £550 £550 £550
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 3,454 4,792 6,020
As % of all contract IT jobs advertised in London 9.52% 10.37% 12.93%
Number of daily rates quoted 2,365 3,358 4,317
London median daily rate £488 £475 £475
Median daily rate % change year-on-year +2.63% - +4.40%
10th Percentile £300 £275 £300
90th Percentile £675 £663 £675
England median daily rate £450 £450 £450
Number of hourly rates quoted 55 74 72
London median hourly rate £18.70 £26.50 £20.00
Median hourly rate % change year-on-year -29.43% +32.50% +4.00%
10th Percentile £12.00 £11.08 £12.05
90th Percentile £37.25 £57.50 £47.00
England median hourly rate £21.42 £22.40 £20.00
% change year-on-year -4.39% +11.99% -12.42%

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 13 November 2019.

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 13 November 2019. 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 +26 9 £519 -5.68% 2
South London - 1 £625 -
PSD2
England

For the 6 months to 13 November 2019, 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 52 (86.67%) Banking
2 43 (71.67%) Finance
3 21 (35.00%) Agile Software Development
4 16 (26.67%) Fintech
5 15 (25.00%) SWIFT
6 11 (18.33%) Java
7 10 (16.67%) DevOps
8 9 (15.00%) Target Operating Model
8 9 (15.00%) Microservices
9 8 (13.33%) Stakeholder Management
9 8 (13.33%) Kubernetes
9 8 (13.33%) Docker
10 7 (11.67%) SEPA
10 7 (11.67%) RESTful
11 6 (10.00%) User Acceptance Testing
11 6 (10.00%) OAuth
11 6 (10.00%) Software Engineering
11 6 (10.00%) Business Analysis
12 5 (8.33%) Service Management
12 5 (8.33%) QA
12 5 (8.33%) Mentoring
12 5 (8.33%) ForgeRock
12 5 (8.33%) OpenAM
12 5 (8.33%) Apache Cassandra
12 5 (8.33%) NoSQL
12 5 (8.33%) REST
12 5 (8.33%) OpenDJ
12 5 (8.33%) Digital Banking
12 5 (8.33%) Technical Leadership
13 4 (6.67%) Scenario Testing

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 (3.33%) Anypoint
2 1 (1.67%) Tomcat
Business Applications
1 1 (1.67%) Actimize
Cloud Services
1 2 (3.33%) AWS
1 2 (3.33%) Azure
1 2 (3.33%) GCP
2 1 (1.67%) Amazon EC2
2 1 (1.67%) Amazon S3
2 1 (1.67%) AWS CloudFormation
Communications & Networking
1 3 (5.00%) Firewall
2 1 (1.67%) Reverse Proxy
2 1 (1.67%) SSL
Database & Business Intelligence
1 5 (8.33%) Apache Cassandra
1 5 (8.33%) NoSQL
2 3 (5.00%) Neo4j
2 3 (5.00%) Redis
3 2 (3.33%) MongoDB
Development Applications
1 3 (5.00%) Bitbucket
1 3 (5.00%) Git (software)
1 3 (5.00%) GitLab
2 1 (1.67%) Artifactory
2 1 (1.67%) Gerrit
2 1 (1.67%) Gradle
2 1 (1.67%) Jenkins
2 1 (1.67%) JIRA
General
1 52 (86.67%) Banking
2 43 (71.67%) Finance
3 4 (6.67%) Financial Institution
4 3 (5.00%) Back Office
5 2 (3.33%) Retail Banking
6 1 (1.67%) Corporate Banking
6 1 (1.67%) Public Sector
6 1 (1.67%) Retail
Job Titles
1 23 (38.33%) Analyst
2 16 (26.67%) Business Analyst
3 9 (15.00%) Architect
4 8 (13.33%) Payments Analyst
5 7 (11.67%) Payments Business Analyst
6 6 (10.00%) Banking Analyst
6 6 (10.00%) Test Analyst
7 5 (8.33%) Developer
7 5 (8.33%) Project Manager
8 4 (6.67%) Finance Business Analyst
8 4 (6.67%) Financial Analyst
8 4 (6.67%) Process Analyst
8 4 (6.67%) Senior Analyst
8 4 (6.67%) Senior Business Analyst
8 4 (6.67%) Senior Financial Analyst
8 4 (6.67%) Senior Payments Business Analyst
8 4 (6.67%) Senior Process Analyst
9 3 (5.00%) Fraud Business Analyst
9 3 (5.00%) Payments Architect
9 3 (5.00%) Principal Engineer
Libraries, Frameworks & Software Standards
1 7 (11.67%) RESTful
2 6 (10.00%) OAuth
3 5 (8.33%) REST
4 4 (6.67%) OAuth2
5 3 (5.00%) GraphQL
5 3 (5.00%) Spring
5 3 (5.00%) Spring Security
6 2 (3.33%) .NET
6 2 (3.33%) J2EE
6 2 (3.33%) OpenID
6 2 (3.33%) SAML
7 1 (1.67%) AngularJS
7 1 (1.67%) CSS
7 1 (1.67%) gRPC
7 1 (1.67%) HTML
7 1 (1.67%) Middleware
7 1 (1.67%) Protocol Buffers
7 1 (1.67%) Twitter Bootstrap
7 1 (1.67%) Web Services
7 1 (1.67%) XML
Miscellaneous
1 15 (25.00%) SWIFT
2 2 (3.33%) Distributed Denial-of-Service
2 2 (3.33%) Foreign Exchange (FX)
2 2 (3.33%) Public Cloud
2 2 (3.33%) User Experience
3 1 (1.67%) Mobile App
3 1 (1.67%) Online Banking
3 1 (1.67%) Virtual Team
Operating Systems
1 1 (1.67%) Linux
1 1 (1.67%) Mac OS
1 1 (1.67%) VMS
1 1 (1.67%) Windows
Processes & Methodologies
1 21 (35.00%) Agile Software Development
2 16 (26.67%) Fintech
3 10 (16.67%) DevOps
4 9 (15.00%) Microservices
4 9 (15.00%) Target Operating Model
5 8 (13.33%) Stakeholder Management
6 6 (10.00%) Business Analysis
6 6 (10.00%) Software Engineering
6 6 (10.00%) User Acceptance Testing
7 5 (8.33%) Digital Banking
7 5 (8.33%) Mentoring
7 5 (8.33%) Service Management
7 5 (8.33%) Technical Leadership
8 4 (6.67%) API Design
8 4 (6.67%) Biometrics
8 4 (6.67%) ITSM
8 4 (6.67%) Malware Detection/Protection
8 4 (6.67%) Scenario Testing
8 4 (6.67%) Stakeholder Engagement
8 4 (6.67%) Test Scripting
Programming Languages
1 11 (18.33%) Java
2 2 (3.33%) C#
2 2 (3.33%) JavaScript
3 1 (1.67%) Bash Shell
3 1 (1.67%) Python
Qualifications
1 3 (5.00%) CISM
1 3 (5.00%) CISSP
2 1 (1.67%) ITIL Certification
Quality Assurance & Compliance
1 7 (11.67%) SEPA
2 5 (8.33%) QA
3 4 (6.67%) GDPR
4 3 (5.00%) ISO/IEC 27001
5 1 (1.67%) Data Quality
5 1 (1.67%) PCI DSS
System Software
1 8 (13.33%) Docker
2 5 (8.33%) OpenAM
2 5 (8.33%) OpenDJ
3 2 (3.33%) OpenIDM
Systems Management
1 8 (13.33%) Kubernetes
2 2 (3.33%) PingFederate
3 1 (1.67%) Terraform
Vendors
1 5 (8.33%) ForgeRock
2 4 (6.67%) FIS
3 3 (5.00%) MuleSoft
3 3 (5.00%) Ping Identity
4 2 (3.33%) Google
4 2 (3.33%) Microsoft
5 1 (1.67%) Dynatrace
5 1 (1.67%) Salesforce.com