Period
to 17 January 2020

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 January 2020 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 Jan 2020
Same period 2019 Same period 2018
Rank 699 679 832
Rank change year-on-year -20 +153 +11
Contract jobs citing PSD2 51 201 81
As % of all contract IT jobs advertised in the UK 0.070% 0.20% 0.081%
As % of the Quality Assurance & Compliance category 0.69% 1.87% 0.62%
Number of daily rates quoted 35 148 60
UK median daily rate £525 £600 £550
Median daily rate % change year-on-year -12.50% +9.09% -8.33%
10th Percentile £390 £400 £448
90th Percentile £785 £750 £725
UK excluding London median daily rate £438 £550 £550
% change year-on-year -20.45% - +23.60%
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 7,444 10,771 13,028
As % of all contract IT jobs advertised in the UK 10.22% 10.83% 12.99%
Number of daily rates quoted 4,627 6,754 8,543
UK median daily rate £450 £450 £440
Median daily rate % change year-on-year - +2.27% +3.53%
10th Percentile £215 £256 £256
90th Percentile £638 £630 £638
UK excluding London median daily rate £420 £420 £400
% change year-on-year - +5.00% -
Number of hourly rates quoted 327 369 351
UK median hourly rate £23.00 £20.25 £21.00
Median hourly rate % change year-on-year +13.61% -3.60% -10.03%
10th Percentile £12.50 £11.00 £11.25
90th Percentile £53.75 £47.65 £50.78
UK excluding London median hourly rate £24.37 £20.08 £22.50
% change year-on-year +21.39% -10.78% -10.00%

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 January 2020.

Contractor daily rate histogram for PSD2 in the UK

PSD2
Top 10 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 January 2020. 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 -14 43 £538 -10.42% 6
London +6 34 £550 -12.00% 5
UK excluding London +66 17 £438 -20.45% 1
Scotland +21 8 £488 +2.63%
Midlands +47 4 £450 +16.13%
South East +73 3 £400 -
North West +22 2 £600 +20.00%
North of England +22 2 £600 +26.32%
East Midlands +18 2 £475 +22.58%
West Midlands - 2 £438 -

For the 6 months to 17 January 2020, 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 43 (84.31%) Banking
2 24 (47.06%) Finance
3 21 (41.18%) Agile Software Development
4 20 (39.22%) Java
5 11 (21.57%) Microservices
5 11 (21.57%) Fintech
6 10 (19.61%) User Experience
7 9 (17.65%) Mobile Banking
7 9 (17.65%) Test Automation
8 8 (15.69%) Android
8 8 (15.69%) Unit Testing
8 8 (15.69%) Android Development
8 8 (15.69%) Kotlin
9 6 (11.76%) Software Engineering
10 5 (9.80%) RESTful
10 5 (9.80%) Docker
10 5 (9.80%) DevOps
10 5 (9.80%) Kubernetes
10 5 (9.80%) API Development
11 4 (7.84%) Apigee
11 4 (7.84%) Online Banking
11 4 (7.84%) Financial Institution
11 4 (7.84%) Stakeholder Management
11 4 (7.84%) Project Management
12 3 (5.88%) Foreign Exchange (FX)
12 3 (5.88%) JavaScript
12 3 (5.88%) C#
12 3 (5.88%) Python
12 3 (5.88%) MVC
12 3 (5.88%) JIRA

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 (3.92%) Anypoint
2 1 (1.96%) Tomcat
Business Applications
1 2 (3.92%) Payment Gateway
2 1 (1.96%) Finacle
Cloud Services
1 4 (7.84%) Apigee
2 2 (3.92%) AWS
3 1 (1.96%) Amazon CloudWatch
3 1 (1.96%) Amazon EC2
3 1 (1.96%) Amazon S3
3 1 (1.96%) AWS CloudFormation
3 1 (1.96%) Firebase
3 1 (1.96%) Sage Pay
Communications & Networking
1 1 (1.96%) Firewall
1 1 (1.96%) Reverse Proxy
1 1 (1.96%) SSL
Database & Business Intelligence
1 3 (5.88%) Apache Cassandra
1 3 (5.88%) NoSQL
2 2 (3.92%) Neo4j
2 2 (3.92%) Redis
3 1 (1.96%) MongoDB
3 1 (1.96%) SQL Server
Development Applications
1 3 (5.88%) JIRA
2 1 (1.96%) Artifactory
2 1 (1.96%) Bitbucket
2 1 (1.96%) Gerrit
2 1 (1.96%) Git (software)
2 1 (1.96%) GitLab
2 1 (1.96%) Gradle
2 1 (1.96%) Jenkins
General
1 43 (84.31%) Banking
2 24 (47.06%) Finance
3 4 (7.84%) Financial Institution
4 3 (5.88%) French Language
5 1 (1.96%) Corporate Banking
5 1 (1.96%) Law
5 1 (1.96%) Legal
5 1 (1.96%) Retail
Job Titles
1 19 (37.25%) Developer
2 8 (15.69%) Android Developer
3 6 (11.76%) Architect
3 6 (11.76%) Project Manager
4 5 (9.80%) Banking Project Manager
4 5 (9.80%) Senior Developer
5 3 (5.88%) Analyst
5 3 (5.88%) C# Developer
5 3 (5.88%) Consultant
5 3 (5.88%) Implementation Manager
5 3 (5.88%) Technical Implementation Manager
5 3 (5.88%) Technical Manager
6 2 (3.92%) Business Analyst
6 2 (3.92%) Enterprise Architect
6 2 (3.92%) Infrastructure Manager
6 2 (3.92%) Infrastructure Project Manager
6 2 (3.92%) IT Manager
6 2 (3.92%) IT Project Manager
6 2 (3.92%) Java Developer
6 2 (3.92%) Solutions Architect
Libraries, Frameworks & Software Standards
1 5 (9.80%) RESTful
2 3 (5.88%) OAuth
2 3 (5.88%) REST
3 2 (3.92%) .NET
3 2 (3.92%) GraphQL
3 2 (3.92%) J2EE
3 2 (3.92%) OAuth2
3 2 (3.92%) Spring
3 2 (3.92%) Spring Security
4 1 (1.96%) .NET Framework
4 1 (1.96%) AngularJS
4 1 (1.96%) ASP.NET
4 1 (1.96%) ASP.NET MVC
4 1 (1.96%) ASP.NET Web API
4 1 (1.96%) CSS
4 1 (1.96%) HTML
4 1 (1.96%) LESS
4 1 (1.96%) Node.js
4 1 (1.96%) Vue.js
Miscellaneous
1 10 (19.61%) User Experience
2 9 (17.65%) Mobile Banking
3 4 (7.84%) Online Banking
4 3 (5.88%) Foreign Exchange (FX)
5 2 (3.92%) Mobile App
5 2 (3.92%) SWIFT
6 1 (1.96%) Cloud Native
6 1 (1.96%) Mainframe
Operating Systems
1 8 (15.69%) Android
2 1 (1.96%) Linux
2 1 (1.96%) Mac OS
2 1 (1.96%) VMS
2 1 (1.96%) Windows
Processes & Methodologies
1 21 (41.18%) Agile Software Development
2 11 (21.57%) Fintech
2 11 (21.57%) Microservices
3 9 (17.65%) Test Automation
4 8 (15.69%) Android Development
4 8 (15.69%) Unit Testing
5 6 (11.76%) Software Engineering
6 5 (9.80%) API Development
6 5 (9.80%) DevOps
7 4 (7.84%) Project Management
7 4 (7.84%) Stakeholder Management
8 3 (5.88%) Computer Science
8 3 (5.88%) Enterprise Architecture
8 3 (5.88%) Issue Tracking
8 3 (5.88%) MVC
8 3 (5.88%) Project Delivery
8 3 (5.88%) Technical Leadership
9 2 (3.92%) API Design
9 2 (3.92%) Mentoring
9 2 (3.92%) Regulatory Compliance
Programming Languages
1 20 (39.22%) Java
2 8 (15.69%) Kotlin
3 3 (5.88%) C#
3 3 (5.88%) Go
3 3 (5.88%) JavaScript
3 3 (5.88%) Python
4 1 (1.96%) Shell Script
Qualifications
1 2 (3.92%) CISM
1 2 (3.92%) CISSP
2 1 (1.96%) CRISC
2 1 (1.96%) ITIL Certification
Quality Assurance & Compliance
1 2 (3.92%) QA
2 1 (1.96%) GDPR
2 1 (1.96%) ISO/IEC 27001
2 1 (1.96%) PCI DSS
2 1 (1.96%) SEPA
System Software
1 5 (9.80%) Docker
2 1 (1.96%) OpenAM
2 1 (1.96%) OpenDJ
Systems Management
1 5 (9.80%) Kubernetes
2 1 (1.96%) Terraform
Vendors
1 3 (5.88%) MuleSoft
1 3 (5.88%) Splunk
1 3 (5.88%) Tableau
2 2 (3.92%) Sage
3 1 (1.96%) Dynatrace
3 1 (1.96%) FIS
3 1 (1.96%) ForgeRock
3 1 (1.96%) PayPal
3 1 (1.96%) Ping Identity