Period
to 17 August 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 17 August 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
17 Aug 2018
Same period 2017 Same period 2016
Rank 887 854 896
Rank change year-on-year -33 +42 +3
Contract jobs citing TARGET2 10 4 3
As % of all contract IT jobs advertised in the UK 0.010% 0.004% 0.003%
As % of the Quality Assurance & Compliance category 0.083% 0.035% 0.025%
Number of daily rates quoted 10 1 2
UK median daily rate £550 £600 £488
Median daily rate % change year-on-year -8.33% +23.08% +43.59%
10th Percentile £491 £575 £424
90th Percentile £650 £625 £561
UK excluding London median daily rate - - £550
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 12,095 11,335 12,198
As % of all contract IT jobs advertised in the UK 11.74% 11.84% 11.21%
Number of daily rates quoted 7,681 7,352 7,873
UK median daily rate £450 £445 £413
Median daily rate % change year-on-year +1.12% +7.88% +3.13%
10th Percentile £254 £250 £225
90th Percentile £638 £638 £600
UK excluding London median daily rate £405 £395 £375
% change year-on-year +2.53% +5.33% -
Number of hourly rates quoted 385 363 424
UK median hourly rate £22.30 £22.00 £22.50
Median hourly rate % change year-on-year +1.36% -2.22% +4.41%
10th Percentile £11.16 £11.02 £10.83
90th Percentile £51.90 £50.00 £48.38
UK excluding London median hourly rate £20.09 £21.50 £23.00
% change year-on-year -6.58% -6.52% +6.85%

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 17 August 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 17 August 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
London -17 10 £550 -8.33%
England -33 10 £550 -8.33%

For the 6 months to 17 August 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 10 (100.00%) SWIFT
2 9 (90.00%) Banking
3 6 (60.00%) Problem Management
3 6 (60.00%) Unix
3 6 (60.00%) Linux
3 6 (60.00%) SWIFTNet
4 4 (40.00%) SEPA
4 4 (40.00%) Finance
4 4 (40.00%) Migration
5 3 (30.00%) Project Management
5 3 (30.00%) Anti-Money Laundering
5 3 (30.00%) Cash Management
5 3 (30.00%) PSD2
6 2 (20.00%) Waterfall
6 2 (20.00%) SDLC
6 2 (20.00%) C
6 2 (20.00%) CMS
6 2 (20.00%) PMP
6 2 (20.00%) PMI Certification
6 2 (20.00%) PRINCE2
6 2 (20.00%) Agile Software Development
7 1 (10.00%) Time Management
7 1 (10.00%) Product Management
7 1 (10.00%) Data Analysis
7 1 (10.00%) Microsoft PowerPoint
7 1 (10.00%) Corporate Banking
7 1 (10.00%) Project Planning
7 1 (10.00%) Foreign Exchange (FX)
7 1 (10.00%) Legal
7 1 (10.00%) 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 2 (20.00%) CMS
2 1 (10.00%) MQSeries
Applications
1 1 (10.00%) Microsoft Excel
1 1 (10.00%) Microsoft PowerPoint
1 1 (10.00%) Microsoft Project
Business Applications
1 1 (10.00%) Oracle Cash Management
Communications & Networking
1 6 (60.00%) SWIFTNet
2 1 (10.00%) FTP
2 1 (10.00%) HTTPS
2 1 (10.00%) VPN
General
1 9 (90.00%) Banking
2 4 (40.00%) Finance
3 1 (10.00%) Corporate Banking
3 1 (10.00%) Legal
Job Titles
1 6 (60.00%) SWIFT Engineer
2 2 (20.00%) Analyst
2 2 (20.00%) Payments Project Manager
2 2 (20.00%) Project Manager
3 1 (10.00%) Consultant
3 1 (10.00%) Payments Consultant
3 1 (10.00%) Senior Manager
3 1 (10.00%) Senior Project Manager
3 1 (10.00%) Software Consultant
Libraries, Frameworks & Software Standards
1 1 (10.00%) EDI
1 1 (10.00%) EDIFACT
1 1 (10.00%) IDoc
1 1 (10.00%) XML
Miscellaneous
1 10 (100.00%) SWIFT
2 1 (10.00%) Fedwire
2 1 (10.00%) Foreign Exchange (FX)
Operating Systems
1 6 (60.00%) Linux
1 6 (60.00%) Unix
Processes & Methodologies
1 6 (60.00%) Problem Management
2 4 (40.00%) Migration
3 3 (30.00%) Anti-Money Laundering
3 3 (30.00%) Cash Management
3 3 (30.00%) Project Management
4 2 (20.00%) Agile Software Development
4 2 (20.00%) PRINCE2
4 2 (20.00%) SDLC
4 2 (20.00%) Waterfall
5 1 (10.00%) Collaborative Working
5 1 (10.00%) Continuous Improvement
5 1 (10.00%) Data Analysis
5 1 (10.00%) Kalman Filter
5 1 (10.00%) Process Improvement
5 1 (10.00%) Product Management
5 1 (10.00%) Project Planning
5 1 (10.00%) Service Delivery
5 1 (10.00%) Time Management
Programming Languages
1 2 (20.00%) C
2 1 (10.00%) ActionScript
2 1 (10.00%) ActionScript 2.0
2 1 (10.00%) STATISTICA Visual Basic
Qualifications
1 2 (20.00%) PMI Certification
1 2 (20.00%) PMP
Quality Assurance & Compliance
1 4 (40.00%) SEPA
2 3 (30.00%) PSD2
3 1 (10.00%) FATCA
3 1 (10.00%) ISO 20022
Vendors
1 1 (10.00%) Oracle
1 1 (10.00%) SAP