Period
to 14 August 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 14 August 2018 with a comparison to the same period in the previous 2 years.

TARGET2
UK
6 months to
14 Aug 2018
Same period 2017 Same period 2016
Rank 1162 1190 1258
Rank change year-on-year +28 +68 +24
Permanent jobs citing TARGET2 7 6 12
As % of all permanent IT jobs advertised in the UK 0.004% 0.003% 0.006%
As % of the Quality Assurance & Compliance category 0.031% 0.028% 0.046%
Number of salaries quoted 6 3 10
UK median annual salary £78,500 £65,000 £95,000
Median salary % change year-on-year +20.77% -31.58% +31.03%
UK excluding London median annual salary - - -

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 22,873 21,621 26,241
As % of all permanent IT jobs advertised in the UK 13.49% 12.21% 13.21%
Number of salaries quoted 17,319 16,162 20,807
UK median annual salary £50,000 £48,000 £48,500
Median salary % change year-on-year +4.17% -1.03% +7.78%
10th Percentile £28,750 £27,000 £26,750
90th Percentile £80,000 £77,500 £77,500
UK excluding London median annual salary £45,000 £42,500 £42,500
% change year-on-year +5.88% - +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 14 August 2018.

Salary histogram for TARGET2 in the UK

TARGET2
Top 2 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 14 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +67 7 £78,500 +20.77%
London +25 7 £78,500 +20.77%

For the 6 months to 14 August 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 7 (100.00%) SEPA
2 6 (85.71%) Project Management
2 6 (85.71%) Banking
2 6 (85.71%) Finance
3 5 (71.43%) Microsoft PowerPoint
3 5 (71.43%) Microsoft Excel
3 5 (71.43%) MS Visio
3 5 (71.43%) Project Planning
4 3 (42.86%) Back Office
4 3 (42.86%) Microsoft
5 1 (14.29%) Middleware
5 1 (14.29%) Business Intelligence
5 1 (14.29%) Electronics
5 1 (14.29%) Telecoms
5 1 (14.29%) Financial Institution
5 1 (14.29%) Management Information System
5 1 (14.29%) Agile Software Development
5 1 (14.29%) Product Management
5 1 (14.29%) Cash Management
5 1 (14.29%) Basel III
5 1 (14.29%) SWIFT
5 1 (14.29%) Agile Project Management
5 1 (14.29%) Technical Analysis
5 1 (14.29%) KYC
5 1 (14.29%) Anti-Money Laundering
5 1 (14.29%) ISO 20022
5 1 (14.29%) Marketing
5 1 (14.29%) Manufacturing
5 1 (14.29%) Programme Management
5 1 (14.29%) Business Analysis

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:

Applications
1 5 (71.43%) Microsoft Excel
1 5 (71.43%) Microsoft PowerPoint
1 5 (71.43%) MS Visio
Business Applications
1 1 (14.29%) Distributed Ledger
Database & Business Intelligence
1 1 (14.29%) Blockchain
General
1 6 (85.71%) Banking
1 6 (85.71%) Finance
2 3 (42.86%) Back Office
3 1 (14.29%) Electronics
3 1 (14.29%) Financial Institution
3 1 (14.29%) Manufacturing
3 1 (14.29%) Marketing
3 1 (14.29%) Telecoms
Job Titles
1 5 (71.43%) Banking Project Manager
1 5 (71.43%) Business Operations Manager
1 5 (71.43%) Project Manager
1 5 (71.43%) Senior Manager
1 5 (71.43%) Senior Project Manager
2 3 (42.86%) Payments Project Manager
3 1 (14.29%) Account Manager
3 1 (14.29%) Analyst
3 1 (14.29%) Business Analyst
3 1 (14.29%) Client Relationship Manager
3 1 (14.29%) Payments Analyst
3 1 (14.29%) Payments Business Analyst
3 1 (14.29%) Relationships Manager
3 1 (14.29%) Technical Analyst
3 1 (14.29%) Technical Business Analyst
Libraries, Frameworks & Software Standards
1 1 (14.29%) Middleware
Miscellaneous
1 1 (14.29%) Management Information System
1 1 (14.29%) SWIFT
Processes & Methodologies
1 6 (85.71%) Project Management
2 5 (71.43%) Project Planning
3 1 (14.29%) Agile Project Management
3 1 (14.29%) Agile Software Development
3 1 (14.29%) Anti-Money Laundering
3 1 (14.29%) Business Analysis
3 1 (14.29%) Business Development
3 1 (14.29%) Business Intelligence
3 1 (14.29%) Cash Management
3 1 (14.29%) Data Integration
3 1 (14.29%) Digital Marketing
3 1 (14.29%) KYC
3 1 (14.29%) Market Research
3 1 (14.29%) Product Management
3 1 (14.29%) Programme Management
3 1 (14.29%) Sales Enablement
3 1 (14.29%) Scenario Testing
3 1 (14.29%) Technical Analysis
3 1 (14.29%) Test Scripting
Quality Assurance & Compliance
1 7 (100.00%) SEPA
2 1 (14.29%) Basel III
2 1 (14.29%) ISO 20022
Vendors
1 3 (42.86%) Microsoft
2 1 (14.29%) SAP