Period
to 24 February 2018

The following table provides summary statistics for permanent job vacancies with a requirement for TARGET2 skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited TARGET2 over the 6 months to 24 February 2018 with a comparison to the same period in the previous 2 years.

TARGET2
UK
6 months to
24 Feb 2018
Same period 2017 Same period 2016
Rank 1160 1166 1297
Rank change year-on-year +6 +131 +3
Permanent jobs citing TARGET2 12 6 7
As % of all permanent IT jobs advertised in the UK 0.007% 0.003% 0.003%
As % of the Quality Assurance & Compliance category 0.053% 0.028% 0.026%
Number of salaries quoted 5 6 7
UK median annual salary £80,000 £76,250 £72,500
Median salary % change year-on-year +4.92% +5.17% +20.83%
10th Percentile £59,500 £53,750 £55,500
90th Percentile £97,500 £95,000 £83,000
UK excluding London median annual salary £55,000 - -

TARGET2 is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK
Permanent vacancies with a requirement for quality assurance or compliance skills 22,602 21,763 27,302
As % of all permanent IT jobs advertised in the UK 12.90% 12.39% 12.93%
Number of salaries quoted 17,634 17,226 21,611
UK median annual salary £50,000 £47,500 £47,500
Median salary % change year-on-year +5.26% - +5.56%
10th Percentile £27,750 £26,250 £26,250
90th Percentile £80,000 £77,500 £75,000
UK excluding London median annual salary £43,500 £42,500 £42,500
% change year-on-year +2.35% - +6.25%

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
Salary Trend

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing TARGET2.

Salary trend for TARGET2 in the UK

TARGET2
Salary Histogram

The salary distribution of IT jobs citing TARGET2 over the 6 months to 24 February 2018.

Salary histogram for TARGET2 in the UK

TARGET2
Top 5 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing TARGET2 within the UK over the 6 months to 24 February 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +12 12 £80,000 +4.92% 1
London +5 11 £87,500 +14.75% 1
North West - 1 £55,000 -
UK excluding London - 1 £55,000 -
North of England - 1 £55,000 -

For the 6 months to 24 February 2018, IT 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 permanent job ads with a requirement for TARGET2.

1 11 (91.67%) Banking
2 10 (83.33%) Finance
3 9 (75.00%) SEPA
4 8 (66.67%) Financial Institution
5 7 (58.33%) Electronics
5 7 (58.33%) Telecoms
5 7 (58.33%) Manufacturing
5 7 (58.33%) SAP
5 7 (58.33%) Business Intelligence
5 7 (58.33%) Programme Management
5 7 (58.33%) Marketing
5 7 (58.33%) Business Development
5 7 (58.33%) Digital Marketing
5 7 (58.33%) Blockchain
5 7 (58.33%) Basel III
5 7 (58.33%) Distributed Ledger
6 6 (50.00%) Cash Management
6 6 (50.00%) SWIFT
7 5 (41.67%) Data Integration
7 5 (41.67%) Market Research
7 5 (41.67%) Agile Project Management
7 5 (41.67%) KYC
7 5 (41.67%) Anti-Money Laundering
7 5 (41.67%) Agile Software Development
7 5 (41.67%) Middleware
7 5 (41.67%) Project Management
8 2 (16.67%) Unix
8 2 (16.67%) Linux
8 2 (16.67%) Migration
8 2 (16.67%) Problem Management

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:

Business Applications
1 7 (58.33%) Distributed Ledger
Communications & Networking
1 2 (16.67%) SWIFTNet
Database & Business Intelligence
1 7 (58.33%) Blockchain
Development Applications
1 1 (8.33%) RequisitePro
General
1 11 (91.67%) Banking
2 10 (83.33%) Finance
3 8 (66.67%) Financial Institution
4 7 (58.33%) Electronics
4 7 (58.33%) Manufacturing
4 7 (58.33%) Marketing
4 7 (58.33%) Telecoms
5 1 (8.33%) Billing
5 1 (8.33%) International Banking
Job Titles
1 7 (58.33%) Account Manager
2 5 (41.67%) Client Relationship Manager
2 5 (41.67%) Relationships Manager
3 2 (16.67%) Consultant
3 2 (16.67%) Software Product Manager
3 2 (16.67%) SWIFT Engineer
3 2 (16.67%) Systems Engineer
4 1 (8.33%) Analyst
4 1 (8.33%) Business Analyst
4 1 (8.33%) Data Consultant
4 1 (8.33%) Payments Consultant
4 1 (8.33%) Presales Consultant
4 1 (8.33%) Product Consultant
4 1 (8.33%) Product Manager
4 1 (8.33%) Reference Data Consultant
Libraries, Frameworks & Software Standards
1 5 (41.67%) Middleware
Miscellaneous
1 6 (50.00%) SWIFT
2 2 (16.67%) Analytical Skills
2 2 (16.67%) Fintech
3 1 (8.33%) Foreign Exchange (FX)
3 1 (8.33%) Reference Data
Operating Systems
1 2 (16.67%) Linux
1 2 (16.67%) Unix
Processes & Methodologies
1 7 (58.33%) Business Development
1 7 (58.33%) Business Intelligence
1 7 (58.33%) Digital Marketing
1 7 (58.33%) Programme Management
2 6 (50.00%) Cash Management
3 5 (41.67%) Agile Project Management
3 5 (41.67%) Agile Software Development
3 5 (41.67%) Anti-Money Laundering
3 5 (41.67%) Data Integration
3 5 (41.67%) KYC
3 5 (41.67%) Market Research
3 5 (41.67%) Project Management
4 2 (16.67%) Migration
4 2 (16.67%) Problem Management
5 1 (8.33%) Collaborative Working
5 1 (8.33%) Presales
5 1 (8.33%) Process Management
5 1 (8.33%) Product Management
5 1 (8.33%) Test Scripting
5 1 (8.33%) User Acceptance Testing
Quality Assurance & Compliance
1 9 (75.00%) SEPA
2 7 (58.33%) Basel III
3 1 (8.33%) PSD2
Vendors
1 7 (58.33%) SAP
2 1 (8.33%) TOWER Software