Period
to 17 October 2019

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 17 October 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)
UK
6 months to
17 Oct 2019
Same period 2018 Same period 2017
Rank 708 768 778
Rank change year-on-year +60 +10 +114
Contract jobs citing PSD2 99 137 94
As % of all contract IT jobs advertised in the UK 0.12% 0.13% 0.095%
As % of the Quality Assurance & Compliance category 1.12% 1.21% 0.76%
Number of daily rates quoted 56 99 62
UK median daily rate £550 £538 £550
Median daily rate % change year-on-year +2.33% -2.27% +14.29%
10th Percentile £341 £375 £425
90th Percentile £719 £778 £675
UK excluding London median daily rate £463 £471 £550
% change year-on-year -1.86% -14.32% +29.41%
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London 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 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 8,823 11,323 12,311
As % of all contract IT jobs advertised in the UK 10.37% 10.97% 12.40%
Number of daily rates quoted 5,497 7,173 8,054
UK median daily rate £450 £450 £440
Median daily rate % change year-on-year - +2.27% +6.02%
10th Percentile £225 £250 £256
90th Percentile £633 £625 £637
UK excluding London median daily rate £425 £402 £400
% change year-on-year +5.76% +0.46% +6.67%
Number of hourly rates quoted 400 398 367
UK median hourly rate £21.42 £21.76 £20.00
Median hourly rate % change year-on-year -1.59% +8.80% -12.42%
10th Percentile £11.11 £11.21 £10.63
90th Percentile £56.25 £50.00 £47.88
UK excluding London median hourly rate £23.67 £21.88 £20.00
% change year-on-year +8.18% +9.40% -20.00%

PSD2
Job Vacancy Trend

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

Job vacancy trend for PSD2 in the UK

PSD2
Contractor Daily Rate Trend

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

Contractor daily rate trend for PSD2 in the UK

PSD2
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing PSD2 over the 6 months to 17 October 2019.

Contractor daily rate histogram for PSD2 in the UK

PSD2
Top 11 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 17 October 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
England +48 90 £550 - 6
London +37 76 £550 -4.35% 2
UK excluding London +71 23 £463 -1.86% 4
Scotland +28 9 £513 +7.89%
Midlands +45 6 £425 +6.25% 1
North of England +38 5 £550 +22.22%
North West +33 5 £550 +22.22%
East Midlands +31 3 £394 -1.56% 1
West Midlands - 3 £425 -
South East - 2 £357 - 2
South West -8 1 - -

For the 6 months to 17 October 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 with a requirement for PSD2.

1 84 (84.85%) Banking
2 63 (63.64%) Finance
3 40 (40.40%) Agile Software Development
4 22 (22.22%) Java
4 22 (22.22%) Fintech
5 19 (19.19%) SWIFT
6 15 (15.15%) Target Operating Model
7 14 (14.14%) Microservices
8 13 (13.13%) DevOps
8 13 (13.13%) Test Automation
9 11 (11.11%) Docker
9 11 (11.11%) User Experience
9 11 (11.11%) Kubernetes
9 11 (11.11%) Stakeholder Management
10 9 (9.09%) Mobile Banking
10 9 (9.09%) Android
10 9 (9.09%) Unit Testing
11 8 (8.08%) User Acceptance Testing
11 8 (8.08%) Android Development
11 8 (8.08%) Kotlin
11 8 (8.08%) Financial Institution
12 7 (7.07%) Software Engineering
12 7 (7.07%) Business Analysis
12 7 (7.07%) C#
12 7 (7.07%) SEPA
12 7 (7.07%) Mentoring
12 7 (7.07%) OAuth
12 7 (7.07%) RESTful
13 6 (6.06%) REST
13 6 (6.06%) NoSQL

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:

Application Platforms
1 2 (2.02%) Anypoint
2 1 (1.01%) Cloud Foundry
2 1 (1.01%) Confluence
2 1 (1.01%) Tomcat
Business Applications
1 4 (4.04%) Actimize
2 2 (2.02%) Payment Gateway
3 1 (1.01%) Finacle
Cloud Services
1 5 (5.05%) AWS
2 4 (4.04%) Azure
3 2 (2.02%) GCP
4 1 (1.01%) Amazon EC2
4 1 (1.01%) Amazon S3
4 1 (1.01%) AWS CloudFormation
4 1 (1.01%) GitHub
4 1 (1.01%) IaaS
4 1 (1.01%) PaaS
4 1 (1.01%) Power Platform
4 1 (1.01%) SaaS
4 1 (1.01%) Sage Pay
Communications & Networking
1 3 (3.03%) Firewall
2 1 (1.01%) Reverse Proxy
2 1 (1.01%) SSL
Database & Business Intelligence
1 6 (6.06%) NoSQL
2 5 (5.05%) Apache Cassandra
3 3 (3.03%) MongoDB
3 3 (3.03%) Neo4j
3 3 (3.03%) Redis
4 1 (1.01%) Big Data
4 1 (1.01%) CouchDB
4 1 (1.01%) DB2
4 1 (1.01%) Power BI
4 1 (1.01%) SQL Server
Development Applications
1 5 (5.05%) Bitbucket
1 5 (5.05%) Git (software)
2 4 (4.04%) Jenkins
3 3 (3.03%) GitLab
4 2 (2.02%) JIRA
4 2 (2.02%) Maven
5 1 (1.01%) Android Studio
5 1 (1.01%) Ant
5 1 (1.01%) Artifactory
5 1 (1.01%) Cucumber
5 1 (1.01%) FishEye
5 1 (1.01%) Gerrit
5 1 (1.01%) Gradle
5 1 (1.01%) Mocha
5 1 (1.01%) Selenium
5 1 (1.01%) Sonatype Nexus
5 1 (1.01%) webpack
General
1 84 (84.85%) Banking
2 63 (63.64%) Finance
3 8 (8.08%) Financial Institution
4 6 (6.06%) Back Office
5 3 (3.03%) Retail Banking
6 1 (1.01%) Corporate Banking
6 1 (1.01%) Legal
6 1 (1.01%) Marketing
6 1 (1.01%) Public Sector
6 1 (1.01%) Retail
Job Titles
1 31 (31.31%) Analyst
2 23 (23.23%) Business Analyst
3 20 (20.20%) Developer
4 16 (16.16%) Architect
5 9 (9.09%) Payments Analyst
6 8 (8.08%) Android Developer
6 8 (8.08%) Payments Business Analyst
7 7 (7.07%) C# Developer
7 7 (7.07%) Fraud Analyst
7 7 (7.07%) Fraud Business Analyst
8 6 (6.06%) Banking Analyst
8 6 (6.06%) Consultant
8 6 (6.06%) Financial Analyst
8 6 (6.06%) Process Analyst
8 6 (6.06%) Project Manager
8 6 (6.06%) Senior Analyst
8 6 (6.06%) Senior Business Analyst
8 6 (6.06%) Senior Financial Analyst
8 6 (6.06%) Senior Payments Business Analyst
8 6 (6.06%) Test Analyst
Libraries, Frameworks & Software Standards
1 7 (7.07%) OAuth
1 7 (7.07%) RESTful
2 6 (6.06%) .NET
2 6 (6.06%) REST
3 5 (5.05%) OAuth2
4 4 (4.04%) Middleware
4 4 (4.04%) Spring
4 4 (4.04%) XML
5 3 (3.03%) CSS
5 3 (3.03%) GraphQL
5 3 (3.03%) Spring Security
5 3 (3.03%) Web Services
6 2 (2.02%) AngularJS
6 2 (2.02%) HTML
6 2 (2.02%) J2EE
6 2 (2.02%) Node.js
6 2 (2.02%) OpenID
6 2 (2.02%) SAML
6 2 (2.02%) Twitter Bootstrap
7 1 (1.01%) ASP.NET
Miscellaneous
1 19 (19.19%) SWIFT
2 11 (11.11%) User Experience
3 9 (9.09%) Mobile Banking
4 2 (2.02%) Analytical Skills
4 2 (2.02%) Distributed Denial-of-Service
4 2 (2.02%) Foreign Exchange (FX)
4 2 (2.02%) Mobile App
4 2 (2.02%) Online Banking
4 2 (2.02%) Public Cloud
5 1 (1.01%) Cyberattack
5 1 (1.01%) Mainframe
5 1 (1.01%) Private Cloud
5 1 (1.01%) Self-Motivation
5 1 (1.01%) Virtual Team
Operating Systems
1 9 (9.09%) Android
2 2 (2.02%) Linux
3 1 (1.01%) Mac OS
3 1 (1.01%) VMS
3 1 (1.01%) Windows
Processes & Methodologies
1 40 (40.40%) Agile Software Development
2 22 (22.22%) Fintech
3 15 (15.15%) Target Operating Model
4 14 (14.14%) Microservices
5 13 (13.13%) DevOps
5 13 (13.13%) Test Automation
6 11 (11.11%) Stakeholder Management
7 9 (9.09%) Unit Testing
8 8 (8.08%) Android Development
8 8 (8.08%) User Acceptance Testing
9 7 (7.07%) Business Analysis
9 7 (7.07%) Mentoring
9 7 (7.07%) Software Engineering
10 6 (6.06%) API Design
10 6 (6.06%) Digital Banking
10 6 (6.06%) Scrum
11 5 (5.05%) API Development
11 5 (5.05%) Scenario Testing
11 5 (5.05%) SDLC
11 5 (5.05%) Technical Leadership
Programming Languages
1 22 (22.22%) Java
2 8 (8.08%) Kotlin
3 7 (7.07%) C#
4 5 (5.05%) JavaScript
5 2 (2.02%) Python
6 1 (1.01%) Bash Shell
6 1 (1.01%) C
6 1 (1.01%) Perl
6 1 (1.01%) Shell Script
Qualifications
1 3 (3.03%) CISM
1 3 (3.03%) CISSP
2 1 (1.01%) Degree
2 1 (1.01%) ISEB
2 1 (1.01%) ISTQB
2 1 (1.01%) ISTQB Advanced Certification
2 1 (1.01%) ITIL Certification
Quality Assurance & Compliance
1 7 (7.07%) SEPA
2 5 (5.05%) QA
3 4 (4.04%) GDPR
4 3 (3.03%) ISO/IEC 27001
5 1 (1.01%) Data Quality
5 1 (1.01%) PCI DSS
System Software
1 11 (11.11%) Docker
2 5 (5.05%) OpenAM
2 5 (5.05%) OpenDJ
3 2 (2.02%) OpenIDM
Systems Management
1 11 (11.11%) Kubernetes
2 2 (2.02%) PingFederate
3 1 (1.01%) Opscode Chef
3 1 (1.01%) Puppet
3 1 (1.01%) Terraform
Vendors
1 5 (5.05%) ForgeRock
2 4 (4.04%) FIS
2 4 (4.04%) Microsoft
3 3 (3.03%) MuleSoft
3 3 (3.03%) Ping Identity
4 2 (2.02%) Google
4 2 (2.02%) Sage
5 1 (1.01%) Apple
5 1 (1.01%) Dynatrace
5 1 (1.01%) IBM
5 1 (1.01%) JD Edwards
5 1 (1.01%) Oracle
5 1 (1.01%) PayPal
5 1 (1.01%) Salesforce.com
5 1 (1.01%) SAP