Period
to 23 July 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 23 July 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
23 Jul 2019
Same period 2018 Same period 2017
Rank 664 770 784
Rank change year-on-year +106 +14 +111
Contract jobs citing PSD2 170 137 77
As % of all contract IT jobs advertised in the UK 0.18% 0.13% 0.081%
As % of the Quality Assurance & Compliance category 1.79% 1.14% 0.69%
Number of daily rates quoted 119 99 52
UK median daily rate £550 £538 £575
Median daily rate % change year-on-year +2.33% -6.52% +15.00%
10th Percentile £350 £385 £463
90th Percentile £700 £755 £675
UK excluding London median daily rate £488 £450 £550
% change year-on-year +8.33% -18.18% +4.76%
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 9,506 11,972 11,181
As % of all contract IT jobs advertised in the UK 10.33% 11.59% 11.75%
Number of daily rates quoted 5,881 7,643 7,239
UK median daily rate £450 £450 £440
Median daily rate % change year-on-year - +2.27% +7.32%
10th Percentile £239 £250 £250
90th Percentile £638 £638 £625
UK excluding London median daily rate £420 £400 £400
% change year-on-year +5.00% - +6.67%
Number of hourly rates quoted 417 393 364
UK median hourly rate £22.50 £23.50 £20.00
Median hourly rate % change year-on-year -4.26% +17.50% -9.09%
10th Percentile £10.94 £11.50 £11.00
90th Percentile £53.75 £53.55 £52.50
UK excluding London median hourly rate £23.59 £22.50 £19.50
% change year-on-year +4.84% +15.38% -12.36%

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 23 July 2019.

Contractor daily rate histogram for PSD2 in the UK

PSD2
Top 13 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 23 July 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 +107 166 £550 - 9
London +84 131 £550 - 8
UK excluding London +49 39 £488 +8.33% 1
Midlands +31 11 £390 -20.81%
South West -13 11 £600 +19.88%
North of England +24 10 £550 +39.24%
North West - 9 £550 -
East Midlands +22 7 £345 -26.79%
Scotland +5 4 £519 +15.28%
West Midlands - 4 £456 -
South East - 2 £364 - 1
Yorkshire +18 1 - -
East of England - 1 - -

For the 6 months to 23 July 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.

1 139 (81.76%) Banking
2 104 (61.18%) Finance
3 55 (32.35%) Agile Software Development
4 26 (15.29%) Stakeholder Management
4 26 (15.29%) SWIFT
5 25 (14.71%) Fintech
6 24 (14.12%) User Acceptance Testing
7 22 (12.94%) Java
8 19 (11.18%) Retail Banking
9 18 (10.59%) Scrum
9 18 (10.59%) Test Planning
9 18 (10.59%) Target Operating Model
10 17 (10.00%) System Integration Testing
11 15 (8.82%) Waterfall
11 15 (8.82%) OAuth
12 14 (8.24%) Software Testing
13 13 (7.65%) SEPA
14 12 (7.06%) Microservices
14 12 (7.06%) DevOps
14 12 (7.06%) Project Management
15 11 (6.47%) OpenID
15 11 (6.47%) ForgeRock
16 10 (5.88%) GDPR
16 10 (5.88%) Amazon AWS
16 10 (5.88%) Test Scripting
16 10 (5.88%) Continuous Integration
16 10 (5.88%) Financial Institution
17 9 (5.29%) SAML
17 9 (5.29%) Scenario Testing
17 9 (5.29%) OpenAM

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 5 (2.94%) Cloud Foundry
2 3 (1.76%) Confluence
3 1 (0.59%) Oracle SOA Suite
Business Applications
1 5 (2.94%) Actimize
2 1 (0.59%) Payment Gateway
Cloud Services
1 10 (5.88%) Amazon AWS
2 7 (4.12%) Microsoft Azure
3 4 (2.35%) AWS Lambda
3 4 (2.35%) Google Cloud Platform
3 4 (2.35%) Serverless
4 2 (1.18%) SaaS
5 1 (0.59%) Azure Active Directory
5 1 (0.59%) GitHub
5 1 (0.59%) IaaS
5 1 (0.59%) OpenShift
5 1 (0.59%) PaaS
5 1 (0.59%) Power Platform
Communications & Networking
1 7 (4.12%) Internet
2 2 (1.18%) Firewall
3 1 (0.59%) HTTP
3 1 (0.59%) MQTT
3 1 (0.59%) SSL
Database & Business Intelligence
1 4 (2.35%) MongoDB
2 3 (1.76%) Apache Cassandra
2 3 (1.76%) NoSQL
3 2 (1.18%) Amazon DynamoDB
3 2 (1.18%) Big Data
4 1 (0.59%) CouchDB
4 1 (0.59%) DB2
4 1 (0.59%) Hadoop
4 1 (0.59%) Neo4j
4 1 (0.59%) Power BI
4 1 (0.59%) Redis
Development Applications
1 8 (4.71%) JIRA
2 4 (2.35%) Bitbucket
2 4 (2.35%) Git (software)
3 3 (1.76%) Jenkins
3 3 (1.76%) Selenium
4 2 (1.18%) Cucumber
4 2 (1.18%) GitLab
4 2 (1.18%) HP UFT
4 2 (1.18%) Maven
5 1 (0.59%) Android Studio
5 1 (0.59%) Ant
5 1 (0.59%) Fiddler
5 1 (0.59%) FishEye
5 1 (0.59%) Mocha
5 1 (0.59%) SoapUI
5 1 (0.59%) Sonatype Nexus
5 1 (0.59%) webpack
General
1 139 (81.76%) Banking
2 104 (61.18%) Finance
3 19 (11.18%) Retail Banking
4 10 (5.88%) Financial Institution
5 8 (4.71%) Back Office
6 7 (4.12%) Retail
7 5 (2.94%) Marketing
8 2 (1.18%) Investment Banking
8 2 (1.18%) Private Banking
9 1 (0.59%) Billing
9 1 (0.59%) Games
9 1 (0.59%) Legal
9 1 (0.59%) Telecoms
Job Titles
1 65 (38.24%) Analyst
2 37 (21.76%) Business Analyst
3 27 (15.88%) Payments Analyst
4 26 (15.29%) Architect
4 26 (15.29%) Banking Analyst
4 26 (15.29%) Test Analyst
5 20 (11.76%) Developer
5 20 (11.76%) Project Manager
6 12 (7.06%) UAT Analyst
6 12 (7.06%) UAT Test Analyst
7 10 (5.88%) Fraud Analyst
7 10 (5.88%) Fraud Business Analyst
7 10 (5.88%) Payments Business Analyst
8 9 (5.29%) Java Developer
9 8 (4.71%) Consultant
9 8 (4.71%) Finance Business Analyst
9 8 (4.71%) Financial Analyst
9 8 (4.71%) Payments Architect
10 7 (4.12%) Senior Payments Business Analyst
10 7 (4.12%) Senior Process Analyst
Libraries, Frameworks & Software Standards
1 15 (8.82%) OAuth
2 11 (6.47%) OpenID
3 9 (5.29%) SAML
4 7 (4.12%) .NET
4 7 (4.12%) Middleware
4 7 (4.12%) REST
5 6 (3.53%) OAuth2
5 6 (3.53%) RESTful
5 6 (3.53%) Web Services
6 5 (2.94%) XML
7 3 (1.76%) AngularJS
7 3 (1.76%) CSS
7 3 (1.76%) Node.js
7 3 (1.76%) Spring
8 2 (1.18%) Gherkin
8 2 (1.18%) HTML
8 2 (1.18%) J2EE
8 2 (1.18%) Spring Boot
8 2 (1.18%) Twitter Bootstrap
9 1 (0.59%) SOAP
Miscellaneous
1 26 (15.29%) SWIFT
2 6 (3.53%) Online Banking
3 5 (2.94%) Analytical Skills
4 4 (2.35%) User Experience
5 3 (1.76%) Mobile Banking
6 2 (1.18%) Cloud Native
6 2 (1.18%) Distributed Denial-of-Service
6 2 (1.18%) Public Cloud
6 2 (1.18%) Self-Motivation
7 1 (0.59%) Cyberattack
7 1 (0.59%) Data Protection Act
7 1 (0.59%) Hybrid Cloud
7 1 (0.59%) Management Information System
7 1 (0.59%) Mobile Payment
7 1 (0.59%) PKI
7 1 (0.59%) Private Cloud
7 1 (0.59%) Taxonomies
7 1 (0.59%) Virtual Team
Operating Systems
1 1 (0.59%) Android
1 1 (0.59%) Apple iOS
1 1 (0.59%) Linux
1 1 (0.59%) Unix
Processes & Methodologies
1 55 (32.35%) Agile Software Development
2 26 (15.29%) Stakeholder Management
3 25 (14.71%) Fintech
4 24 (14.12%) User Acceptance Testing
5 18 (10.59%) Scrum
5 18 (10.59%) Target Operating Model
5 18 (10.59%) Test Planning
6 17 (10.00%) System Integration Testing
7 15 (8.82%) Waterfall
8 14 (8.24%) Software Testing
9 12 (7.06%) DevOps
9 12 (7.06%) Microservices
9 12 (7.06%) Project Management
10 10 (5.88%) Continuous Integration
10 10 (5.88%) Test Scripting
11 9 (5.29%) Scenario Testing
12 8 (4.71%) API Development
12 8 (4.71%) Business Analysis
12 8 (4.71%) Cybersecurity
12 8 (4.71%) Digital Banking
Programming Languages
1 22 (12.94%) Java
2 7 (4.12%) Java 8
3 5 (2.94%) C#
3 5 (2.94%) JavaScript
4 3 (1.76%) C
4 3 (1.76%) SQL
5 2 (1.18%) Python
6 1 (0.59%) Apple Swift
6 1 (0.59%) Bash Shell
6 1 (0.59%) Perl
Qualifications
1 4 (2.35%) ISEB
2 3 (1.76%) CISM
2 3 (1.76%) CISSP
3 2 (1.18%) Degree
3 2 (1.18%) ISTQB
4 1 (0.59%) ISTQB Advanced Certification
4 1 (0.59%) ITIL Certification
Quality Assurance & Compliance
1 13 (7.65%) SEPA
2 10 (5.88%) GDPR
3 6 (3.53%) QA
4 3 (1.76%) ISO/IEC 27001
5 2 (1.18%) WCAG
6 1 (0.59%) Actionable Recommendations
6 1 (0.59%) COBIT
6 1 (0.59%) Data Quality
6 1 (0.59%) PCI DSS
6 1 (0.59%) PMO
System Software
1 9 (5.29%) Docker
1 9 (5.29%) OpenAM
2 6 (3.53%) OpenDJ
3 3 (1.76%) OpenIDM
4 1 (0.59%) Apache ZooKeeper
4 1 (0.59%) HDFS
Systems Management
1 9 (5.29%) Kubernetes
2 5 (2.94%) PingFederate
3 3 (1.76%) Single Sign-On
4 2 (1.18%) Ansible
5 1 (0.59%) HP Quality Center
5 1 (0.59%) Opscode Chef
5 1 (0.59%) Puppet
Vendors
1 11 (6.47%) ForgeRock
2 5 (2.94%) Microsoft
3 4 (2.35%) FIS
3 4 (2.35%) Google
3 4 (2.35%) MuleSoft
3 4 (2.35%) Ping Identity
4 2 (1.18%) Apple
4 2 (1.18%) IBM
4 2 (1.18%) Oracle
4 2 (1.18%) Salesforce.com
5 1 (0.59%) Atlassian
5 1 (0.59%) HP
5 1 (0.59%) JD Edwards
5 1 (0.59%) SAP
5 1 (0.59%) Teradata