Period
to 20 June 2018

The following table provides summary statistics for contract job vacancies with a requirement for TARGET2 skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited TARGET2 over the 6 months to 20 June 2018 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.

TARGET2
UK
6 months to
20 Jun 2018
Same period 2017 Same period 2016
Rank 850 837 889
Rank change year-on-year -13 +52 -39
Contract jobs citing TARGET2 20 5 1
As % of all contract IT jobs advertised in the UK 0.020% 0.005% 0.001%
As % of the Quality Assurance & Compliance category 0.16% 0.047% 0.008%
Number of daily rates quoted 20 1 1
UK median daily rate £513 £600 £425
Median daily rate % change year-on-year -14.58% +41.18% +3.03%
10th Percentile £425 £575 £413
90th Percentile £639 £625 £438
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

TARGET2 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 12,158 10,654 12,140
As % of all contract IT jobs advertised in the UK 12.18% 11.70% 11.39%
Number of daily rates quoted 7,777 6,897 7,790
UK median daily rate £450 £438 £400
Median daily rate % change year-on-year +2.86% +9.38% -
10th Percentile £256 £241 £225
90th Percentile £638 £625 £600
UK excluding London median daily rate £400 £392 £375
% change year-on-year +1.98% +4.60% -
Number of hourly rates quoted 380 360 413
UK median hourly rate £23.50 £20.00 £24.12
Median hourly rate % change year-on-year +17.50% -17.06% +12.16%
10th Percentile £12.49 £11.00 £11.75
90th Percentile £52.53 £53.75 £56.15
UK excluding London median hourly rate £23.50 £20.00 £27.00
% change year-on-year +17.50% -25.93% +28.57%

TARGET2
Job Vacancy Trend

Job postings citing TARGET2 as a percentage of all IT jobs advertised.

Job vacancy trend for TARGET2 in the UK

TARGET2
Contractor Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing TARGET2.

Contractor daily rate trend for TARGET2 in the UK

TARGET2
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing TARGET2 over the 6 months to 20 June 2018.

Contractor daily rate histogram for TARGET2 in the UK

TARGET2
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing TARGET2 within the UK over the 6 months to 20 June 2018. 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 -25 20 £513 -14.58% 1
London -26 20 £513 -14.58% 1

For the 6 months to 20 June 2018, IT contractor jobs citing TARGET2 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 TARGET2.

1 20 (100.00%) SWIFT
2 19 (95.00%) Banking
3 16 (80.00%) Linux
4 15 (75.00%) Unix
4 15 (75.00%) SWIFTNet
4 15 (75.00%) Problem Management
5 11 (55.00%) Migration
6 5 (25.00%) SEPA
6 5 (25.00%) Finance
7 4 (20.00%) Anti-Money Laundering
7 4 (20.00%) Cash Management
8 3 (15.00%) CMS
8 3 (15.00%) SDLC
8 3 (15.00%) PSD2
8 3 (15.00%) Waterfall
8 3 (15.00%) Project Management
8 3 (15.00%) C
9 2 (10.00%) Oracle
9 2 (10.00%) PMP
9 2 (10.00%) PMI Certification
9 2 (10.00%) Foreign Exchange (FX)
9 2 (10.00%) Oracle Cash Management
9 2 (10.00%) PRINCE2
9 2 (10.00%) Agile Software Development
10 1 (5.00%) ActionScript 2.0
10 1 (5.00%) Continuous Improvement
10 1 (5.00%) Process Improvement
10 1 (5.00%) FATCA
10 1 (5.00%) IaaS
10 1 (5.00%) STATISTICA Visual Basic

TARGET2
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 3 (15.00%) CMS
2 1 (5.00%) MQSeries
2 1 (5.00%) WebSphere
2 1 (5.00%) WebSphere Application Server
Applications
1 1 (5.00%) Microsoft Excel
1 1 (5.00%) Microsoft PowerPoint
1 1 (5.00%) Microsoft Project
Business Applications
1 2 (10.00%) Oracle Cash Management
Cloud Services
1 1 (5.00%) IaaS
Communications & Networking
1 15 (75.00%) SWIFTNet
2 1 (5.00%) FTP
2 1 (5.00%) HTTPS
2 1 (5.00%) VPN
General
1 19 (95.00%) Banking
2 5 (25.00%) Finance
3 1 (5.00%) Corporate Banking
3 1 (5.00%) Legal
Job Titles
1 14 (70.00%) SWIFT Engineer
2 4 (20.00%) Analyst
3 2 (10.00%) Payments Project Manager
3 2 (10.00%) Project Manager
4 1 (5.00%) Business Analyst
4 1 (5.00%) Consultant
4 1 (5.00%) Payments Analyst
4 1 (5.00%) Payments Consultant
4 1 (5.00%) Senior Manager
4 1 (5.00%) Senior Project Manager
4 1 (5.00%) Software Consultant
4 1 (5.00%) Support Analyst
4 1 (5.00%) Support Engineer
4 1 (5.00%) Technical Analyst
Libraries, Frameworks & Software Standards
1 1 (5.00%) .NET
1 1 (5.00%) EDI
1 1 (5.00%) EDIFACT
1 1 (5.00%) IDoc
1 1 (5.00%) WebSphere MQ
1 1 (5.00%) XML
Miscellaneous
1 20 (100.00%) SWIFT
2 2 (10.00%) Foreign Exchange (FX)
3 1 (5.00%) Fedwire
Operating Systems
1 16 (80.00%) Linux
2 15 (75.00%) Unix
3 1 (5.00%) Windows
3 1 (5.00%) Windows Server
Processes & Methodologies
1 15 (75.00%) Problem Management
2 11 (55.00%) Migration
3 4 (20.00%) Anti-Money Laundering
3 4 (20.00%) Cash Management
4 3 (15.00%) Project Management
4 3 (15.00%) SDLC
4 3 (15.00%) Waterfall
5 2 (10.00%) Agile Software Development
5 2 (10.00%) PRINCE2
6 1 (5.00%) Continuous Improvement
6 1 (5.00%) Data Analysis
6 1 (5.00%) Kalman Filter
6 1 (5.00%) Process Improvement
6 1 (5.00%) Project Planning
6 1 (5.00%) Requirements Analysis
6 1 (5.00%) System Testing
6 1 (5.00%) Systems Analysis
6 1 (5.00%) Time Management
6 1 (5.00%) User Acceptance Testing
6 1 (5.00%) V-Model
Programming Languages
1 3 (15.00%) C
2 1 (5.00%) ActionScript
2 1 (5.00%) ActionScript 2.0
2 1 (5.00%) STATISTICA Visual Basic
Qualifications
1 2 (10.00%) PMI Certification
1 2 (10.00%) PMP
Quality Assurance & Compliance
1 5 (25.00%) SEPA
2 3 (15.00%) PSD2
3 1 (5.00%) FATCA
3 1 (5.00%) ISO 20022
Vendors
1 2 (10.00%) Oracle
2 1 (5.00%) SAP