Period
to 24 September 2020

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 September 2020 with a comparison to the same period in the previous 2 years.

TARGET2
UK
6 months to
24 Sep 2020
Same period 2019 Same period 2018
Rank 692 1077 1171
Rank change year-on-year +385 +94 +30
Permanent jobs citing TARGET2 6 1 9
As % of all permanent jobs advertised in the UK 0.012% 0.001% 0.005%
As % of the Quality Assurance & Compliance category 0.10% 0.005% 0.041%
Number of salaries quoted 2 1 9
Median annual salary £67,500 £75,000 £77,000
Median salary % change year-on-year -10.00% -2.60% +25.71%
10th Percentile £66,250 £75,000 £62,500
90th Percentile £68,750 £75,000 £81,000
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 5,836 18,742 21,864
As % of all permanent IT jobs advertised in the UK 11.90% 13.30% 13.13%
Number of salaries quoted 4,516 13,861 16,600
Median annual salary £55,000 £50,000 £50,000
Median salary % change year-on-year +10.00% - -
10th Percentile £31,250 £28,000 £28,500
90th Percentile £86,250 £82,500 £80,000
UK excluding London median annual salary £50,000 £45,000 £45,000
% change year-on-year +11.11% - +5.88%

TARGET2
Job Vacancy Trend

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

Job vacancy trend for TARGET2 in the UK

TARGET2
Salary Trend

3-month moving average salary quoted in jobs citing TARGET2.

Salary trend 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 24 September 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +406 5 £67,500 -10.00% 1
London +275 5 £67,500 -10.00% 1

For the 6 months to 24 September 2020, 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 6 (100.00%) Banking
2 5 (83.33%) SWIFT
3 3 (50.00%) Gherkin
3 3 (50.00%) Kafka
3 3 (50.00%) Jenkins
3 3 (50.00%) User Stories
3 3 (50.00%) Mobile Banking
3 3 (50.00%) Elasticsearch
3 3 (50.00%) Oracle Cash Management
3 3 (50.00%) Finance
3 3 (50.00%) Law
3 3 (50.00%) Online Banking
3 3 (50.00%) Apache Spark
3 3 (50.00%) Java
3 3 (50.00%) SQL
3 3 (50.00%) Oracle
3 3 (50.00%) Internet
3 3 (50.00%) JSON
3 3 (50.00%) JIRA
3 3 (50.00%) Selenium
3 3 (50.00%) Data Mapping
3 3 (50.00%) TeamCity
3 3 (50.00%) Git (software)
3 3 (50.00%) Cash Management
3 3 (50.00%) Hadoop
3 3 (50.00%) Cucumber
3 3 (50.00%) BDD
3 3 (50.00%) ISO 20022
3 3 (50.00%) SEPA
3 3 (50.00%) Kotlin

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 (50.00%) Apache Spark
1 3 (50.00%) Elasticsearch
Applications
1 2 (33.33%) Microsoft Project
1 2 (33.33%) MS Visio
Business Applications
1 3 (50.00%) Distributed Ledger
1 3 (50.00%) Oracle Cash Management
Communications & Networking
1 3 (50.00%) Internet
Database & Business Intelligence
1 3 (50.00%) Hadoop
Development Applications
1 3 (50.00%) Cucumber
1 3 (50.00%) Git (software)
1 3 (50.00%) Jenkins
1 3 (50.00%) JIRA
1 3 (50.00%) Selenium
1 3 (50.00%) TeamCity
General
1 6 (100.00%) Banking
2 3 (50.00%) Finance
2 3 (50.00%) Law
Job Titles
1 3 (50.00%) Product Owner
1 3 (50.00%) Technical Product Owner
2 2 (33.33%) Banking Project Manager
2 2 (33.33%) IT Manager
2 2 (33.33%) IT Project Manager
2 2 (33.33%) Project Manager
Libraries, Frameworks & Software Standards
1 3 (50.00%) Gherkin
1 3 (50.00%) JSON
1 3 (50.00%) Kafka
Miscellaneous
1 5 (83.33%) SWIFT
2 3 (50.00%) Mobile Banking
2 3 (50.00%) Online Banking
3 2 (33.33%) Analytical Skills
3 2 (33.33%) Management Information System
3 2 (33.33%) Public Cloud
Processes & Methodologies
1 3 (50.00%) Acceptance Criteria
1 3 (50.00%) BDD
1 3 (50.00%) Cash Management
1 3 (50.00%) Data Mapping
1 3 (50.00%) User Stories
2 2 (33.33%) Business Analysis
2 2 (33.33%) Microservices
2 2 (33.33%) PRINCE2
2 2 (33.33%) Problem-Solving
2 2 (33.33%) Project Management
3 1 (16.67%) Presales
Programming Languages
1 3 (50.00%) Java
1 3 (50.00%) Kotlin
1 3 (50.00%) SQL
Qualifications
1 2 (33.33%) Degree
1 2 (33.33%) Master's Degree
Quality Assurance & Compliance
1 3 (50.00%) ISO 20022
1 3 (50.00%) PSD2
1 3 (50.00%) SEPA
Vendors
1 3 (50.00%) Oracle
2 2 (33.33%) Microsoft