SEPA Contracts

Single Euro Payments Area (SEPA)
UK

The table below provides summary statistics for contract job vacancies requiring SEPA skills. It includes a benchmarking guide to the contractor rates offered in vacancies that cited SEPA over the 6 months leading up to 11 June 2024, comparing them to the same period in the previous two years.

6 months to
11 Jun 2024
Same period 2023 Same period 2022
Rank 564 676 794
Rank change year-on-year +112 +118 -85
Contract jobs citing SEPA 30 21 71
As % of all contract jobs advertised in the UK 0.069% 0.038% 0.081%
As % of the Quality Assurance & Compliance category 0.50% 0.28% 0.62%
Number of daily rates quoted 25 10 53
10th Percentile £588 £450 -
25th Percentile £638 £542 £505
Median daily rate (50th Percentile) £700 £653 £675
Median % change year-on-year +7.28% -3.33% +13.68%
75th Percentile - £716 £713
90th Percentile £708 £726 £813
UK excluding London median daily rate - - £513
% change year-on-year - - +28.13%

All Quality Assurance and Compliance Skills
UK

SEPA falls under the Quality Assurance and Compliance category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring quality assurance or compliance skills.

Contract vacancies with a requirement for quality assurance or compliance skills 5,987 7,502 11,523
As % of all contract IT jobs advertised in the UK 13.72% 13.51% 13.21%
Number of daily rates quoted 3,744 5,115 7,955
10th Percentile £281 £291 £300
25th Percentile £400 £413 £406
Median daily rate (50th Percentile) £510 £525 £515
Median % change year-on-year -2.86% +1.94% +8.42%
75th Percentile £625 £645 £625
90th Percentile £750 £750 £725
UK excluding London median daily rate £475 £486 £455
% change year-on-year -2.26% +6.81% +7.06%
Number of hourly rates quoted 429 249 308
10th Percentile £11.00 £13.29 £12.31
25th Percentile £13.18 £18.93 £16.50
Median hourly rate £23.09 £38.00 £27.73
Median % change year-on-year -39.24% +37.04% +32.05%
75th Percentile £48.75 £63.75 £50.00
90th Percentile £70.00 £77.95 £68.75
UK excluding London median hourly rate £19.09 £37.50 £22.40
% change year-on-year -49.11% +67.45% +7.67%

SEPA
Job Vacancy Trend

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

Job vacancy trend for SEPA in the UK

SEPA
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing SEPA.

Daily rate trend for SEPA in the UK

SEPA
Daily Rate Histogram

Daily rate distribution for jobs citing SEPA over the 6 months to 11 June 2024.

Daily rate histogram for SEPA in the UK

SEPA
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing SEPA.

Hourly rate trend for SEPA in the UK

SEPA
Top 7 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing SEPA within the UK over the 6 months to 11 June 2024. 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
Jobs
England +110 27 £700 +3.70% 7
London +93 23 £700 +3.70% 6
Work from Home +110 16 £700 +47.37% 3
UK excluding London +40 2 - - 1
North West - 1 - - 1
South West - 1 - -
North of England - 1 - - 1

SEPA
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 1 (3.33%) JBoss
Business Applications
1 2 (6.67%) IntelliMatch
Communications & Networking
1 1 (3.33%) Firewall
Database & Business Intelligence
1 4 (13.33%) SQL Server Integration Services
1 4 (13.33%) SQL Server Reporting Services
General
1 21 (70.00%) Finance
2 17 (56.67%) Social Skills
3 16 (53.33%) Banking
4 6 (20.00%) Analytical Skills
5 4 (13.33%) Corporate Banking
5 4 (13.33%) Front Office
6 2 (6.67%) Investment Banking
Job Titles
1 20 (66.67%) Analyst
1 20 (66.67%) Business Analyst
2 16 (53.33%) Payments Analyst
2 16 (53.33%) Payments Business Analyst
3 5 (16.67%) Developer
4 4 (13.33%) Architect
4 4 (13.33%) Banking Analyst
4 4 (13.33%) Banking Business Analyst
4 4 (13.33%) C# Developer
5 3 (10.00%) Solutions Architect
6 2 (6.67%) Payments Architect
6 2 (6.67%) Payments Solutions Architect
6 2 (6.67%) Senior
6 2 (6.67%) Senior Analyst
6 2 (6.67%) Senior Business Analyst
7 1 (3.33%) Developer/Software Engineer
7 1 (3.33%) Payments Project Manager
7 1 (3.33%) Senior Payments Business Analyst
7 1 (3.33%) SQL Analyst
7 1 (3.33%) Technical Developer
Libraries, Frameworks & Software Standards
1 1 (3.33%) ActiveMQ
1 1 (3.33%) Apache Camel
1 1 (3.33%) REST
Miscellaneous
1 20 (66.67%) SWIFT Messaging Network
2 9 (30.00%) Foreign Exchange (FX)
3 5 (16.67%) Derivative
4 2 (6.67%) Self-Motivation
5 1 (3.33%) PMI
Operating Systems
1 1 (3.33%) Unix
Processes & Methodologies
1 6 (20.00%) SDLC
2 5 (16.67%) Agile
2 5 (16.67%) Software Engineering
3 4 (13.33%) Business Analysis
4 2 (6.67%) Data Mapping
4 2 (6.67%) Mentoring
4 2 (6.67%) Problem-Solving
4 2 (6.67%) Scrum
4 2 (6.67%) Waterfall
4 2 (6.67%) Workshop Facilitation
5 1 (3.33%) API Development
5 1 (3.33%) Commercialisation
5 1 (3.33%) Creative Problem-Solving
5 1 (3.33%) Data Analysis
5 1 (3.33%) Data Protection
5 1 (3.33%) Financial Modelling
5 1 (3.33%) Fintech
5 1 (3.33%) Impact Analysis
5 1 (3.33%) Kanban
5 1 (3.33%) Project Management
Programming Languages
1 4 (13.33%) C#
2 3 (10.00%) SQL
3 1 (3.33%) Java
3 1 (3.33%) Shell Script
Qualifications
1 1 (3.33%) CBAP
1 1 (3.33%) Degree
1 1 (3.33%) PMI Certification
Quality Assurance & Compliance
1 4 (13.33%) EMIR
1 4 (13.33%) MiFID
2 1 (3.33%) ISO 20022
2 1 (3.33%) TARGET2
Vendors
1 7 (23.33%) Bloomberg
2 5 (16.67%) Refinitiv
3 2 (6.67%) Reuters
4 1 (3.33%) IBM
4 1 (3.33%) Temenos