Period
to 16 January 2022

The following table provides summary statistics for contract job vacancies 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 16 January 2022 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
6 months to
16 Jan 2022
Same period 2021 Same period 2020
Rank 789 562 714
Rank change year-on-year -227 +152 -1
Contract jobs citing PSD2 25 22 53
As % of all contract jobs advertised in the UK 0.029% 0.055% 0.072%
As % of the Quality Assurance & Compliance category 0.22% 0.45% 0.65%
Number of daily rates quoted 19 19 35
10th Percentile £423 £315 £390
25th Percentile £538 £384 £472
Median daily rate (50th Percentile) £645 £463 £525
Median % change year-on-year +39.46% -11.90% -12.50%
75th Percentile £689 £549 £625
90th Percentile £698 £592 £785
UK excluding London median daily rate £575 - £438

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 with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK
Contract vacancies with a requirement for quality assurance or compliance skills 11,168 4,846 8,148
As % of all contract IT jobs advertised in the UK 13.02% 12.03% 11.15%
Number of daily rates quoted 7,552 3,195 5,205
10th Percentile £269 £266 £240
25th Percentile £400 £370 £350
Median daily rate (50th Percentile) £500 £475 £450
Median % change year-on-year +5.26% +5.56% -
75th Percentile £600 £575 £550
90th Percentile £694 £650 £638
UK excluding London median daily rate £450 £450 £425
% change year-on-year - +5.88% -
Number of hourly rates quoted 269 212 326
10th Percentile £11.03 £10.82 £11.75
25th Percentile £14.00 £14.00 £16.00
Median hourly rate £21.05 £21.05 £20.35
Median % change year-on-year - +3.43% +0.56%
75th Percentile £49.25 £43.94 £47.50
90th Percentile £59.23 £52.50 £53.00
UK excluding London median hourly rate £18.50 £21.05 £21.00
% change year-on-year -12.11% +0.24% +5.00%

PSD2
Job Vacancy Trend

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

Job vacancy trend for PSD2 in the UK

PSD2
Contractor Daily Rate Trend

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

Daily rate trend for PSD2 in the UK

PSD2
Daily Rate Histogram

Daily rate distribution for jobs citing PSD2 over the 6 months to 16 January 2022.

Daily rate histogram for PSD2 in the UK

PSD2
Top 7 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing PSD2 within the UK over the 6 months to 16 January 2022. 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
England -204 14 £605 +30.81% 2
London -179 11 £605 +30.81%
Work from Home -161 10 £661 +25.86%
UK excluding London - 7 £575 - 2
Scotland - 6 £575 -
Midlands - 1 - -
West Midlands - 1 - -

For the 6 months to 16 January 2022, 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 with a requirement for PSD2.

1 19 (76.00%) Finance
2 13 (52.00%) Banking
3 8 (32.00%) PCI DSS
3 8 (32.00%) Stakeholder Management
4 7 (28.00%) SWIFT
5 6 (24.00%) Process Improvement
5 6 (24.00%) JIRA
5 6 (24.00%) Line Management
5 6 (24.00%) TMMi
5 6 (24.00%) Change Management
5 6 (24.00%) HP Quality Center
5 6 (24.00%) Retail
6 5 (20.00%) Test Automation
6 5 (20.00%) ISO/IEC 27001
6 5 (20.00%) Information Security
6 5 (20.00%) HP UFT
6 5 (20.00%) Digital Banking
6 5 (20.00%) SEPA
6 5 (20.00%) GDPR
6 5 (20.00%) Cybersecurity
7 4 (16.00%) ISO 20022
7 4 (16.00%) Java
7 4 (16.00%) Agile Software Development
8 3 (12.00%) QA
8 3 (12.00%) Investment Banking
8 3 (12.00%) Retail Banking
8 3 (12.00%) Scenario Testing
8 3 (12.00%) Social Skills
8 3 (12.00%) Influencing Skills
9 2 (8.00%) Technology Roadmap

PSD2
Co-occurring IT Skills 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:

Business Applications
1 2 (8.00%) Payment Gateway
Cloud Services
1 1 (4.00%) AWS
1 1 (4.00%) Azure
Development Applications
1 6 (24.00%) JIRA
2 5 (20.00%) HP UFT
3 2 (8.00%) Selenium
General
1 19 (76.00%) Finance
2 13 (52.00%) Banking
3 6 (24.00%) Retail
4 3 (12.00%) Influencing Skills
4 3 (12.00%) Investment Banking
4 3 (12.00%) Retail Banking
4 3 (12.00%) Social Skills
5 2 (8.00%) Advertising
5 2 (8.00%) Analytical Skills
6 1 (4.00%) Legal
Job Titles
1 8 (32.00%) Analyst
2 6 (24.00%) Business Analyst
2 6 (24.00%) Senior Analyst
3 5 (20.00%) Consultant
3 5 (20.00%) Security Consultant
4 4 (16.00%) Payments Business Analyst
4 4 (16.00%) Senior Business Analyst
4 4 (16.00%) Senior Manager
4 4 (16.00%) Test Analyst
4 4 (16.00%) Test Manager
5 3 (12.00%) Architect
5 3 (12.00%) Payments Analyst
5 3 (12.00%) Senior Payments Business Analyst
5 3 (12.00%) Senior Test Analyst
5 3 (12.00%) Senior Test Manager
5 3 (12.00%) Solutions Architect
6 2 (8.00%) Payments Architect
6 2 (8.00%) Payments Solutions Architect
6 2 (8.00%) Senior Technical Analyst
6 2 (8.00%) Technical Analyst
Libraries, Frameworks & Software Standards
1 1 (4.00%) GraphQL
1 1 (4.00%) REST
1 1 (4.00%) RESTful
1 1 (4.00%) SOAP
1 1 (4.00%) Spring
1 1 (4.00%) Spring Boot
1 1 (4.00%) Swagger
1 1 (4.00%) XML
Miscellaneous
1 7 (28.00%) SWIFT
2 1 (4.00%) Credit Risk
2 1 (4.00%) Data Protection Act
2 1 (4.00%) Foreign Exchange (FX)
2 1 (4.00%) Mobile App
Processes & Methodologies
1 8 (32.00%) Stakeholder Management
2 6 (24.00%) Change Management
2 6 (24.00%) Line Management
2 6 (24.00%) Process Improvement
2 6 (24.00%) TMMi
3 5 (20.00%) Cybersecurity
3 5 (20.00%) Digital Banking
3 5 (20.00%) Information Security
3 5 (20.00%) Test Automation
4 4 (16.00%) Agile Software Development
5 3 (12.00%) Scenario Testing
6 2 (8.00%) ArchiMate
6 2 (8.00%) B2C
6 2 (8.00%) BDD
6 2 (8.00%) Computer Science
6 2 (8.00%) E-Commerce
6 2 (8.00%) Fintech
6 2 (8.00%) Scrum
6 2 (8.00%) Software Testing
6 2 (8.00%) TOGAF
Programming Languages
1 4 (16.00%) Java
2 1 (4.00%) Bash
2 1 (4.00%) Kotlin
2 1 (4.00%) Python
Qualifications
1 2 (8.00%) Computer Science Degree
1 2 (8.00%) Degree
2 1 (4.00%) ISEB
2 1 (4.00%) ISTQB
2 1 (4.00%) ISTQB Advanced Certification
2 1 (4.00%) ISTQB Foundation Certification
Quality Assurance & Compliance
1 8 (32.00%) PCI DSS
2 5 (20.00%) GDPR
2 5 (20.00%) ISO/IEC 27001
2 5 (20.00%) SEPA
3 4 (16.00%) ISO 20022
4 3 (12.00%) QA
5 1 (4.00%) GRC
5 1 (4.00%) TARGET2
System Software
1 1 (4.00%) Docker
Systems Management
1 6 (24.00%) HP Quality Center
2 1 (4.00%) Kubernetes
Vendors
1 1 (4.00%) TSYS