The table below looks at the statistics for MiFID skills in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited MiFID over the 3 months to 17 April 2015 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
17 Apr 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 183 201 201
Rank change year-on-year
+18 0
Contract jobs citing MiFID 7 10 5
As % of all contract IT jobs located in the City of London 0.13% 0.15% 0.079%
As % of the Quality Assurance & Compliance category 1.62% 1.61% 0.91%
Number of daily rates quoted 6 8 3
Average daily rate
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£663 £600 £500
Average daily rate % change year-on-year
+10.41% +20.00%
90% offered a daily rate of more than £484 £415 £404
10% offered a daily rate of more than £800 £650 £640
UK excluding London average daily rate £400 £550 £338
% change year-on-year
-27.27% +62.96%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
MiFID
London

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised in the City of London region.

Quality Assurance & Compliance Category
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
432 620 551
As % of all contract IT jobs located in the City of London 7.94% 9.57% 8.73%
Number of daily rates quoted 307 426 406
Average daily rate £475 £450 £463
Average daily rate % change year-on-year
+5.55% -2.70%
90% offered a daily rate of more than £275 £290 £275
10% offered a daily rate of more than £611 £600 £600
UK excluding London average daily rate £380 £365 £330
% change year-on-year
+4.10% +10.60%
Number of hourly rates quoted 4 9 16
Average hourly rate £13.75 £17.50 £135.00
Average hourly rate % change year-on-year
-21.42% -87.03%
UK excluding London average hourly rate £22.03 £18.00 £17.00
% change year-on-year
+22.36% +5.88%

MiFID
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing MiFID across the City of London region as a proportion of the total demand within the Quality Assurance & Compliance category.

MiFID Jobs Demand Trend in the City of London

MiFID
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing MiFID across the City of London region.

MiFID Daily Rate Trend in the City of London

MiFID
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing MiFID across the City of London region over the 3 months to 17 April 2015.

MiFID Daily Rate Histogram in the City of London

MiFID
Top 23 Related IT Skills in the City of London

For the 6 months to 17 April 2015, IT contractor jobs across the City of London region citing MiFID also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited MiFID.

1 8 (88.89%) Banking
2 7 (77.78%) EMIR
3 5 (55.56%) Investment Banking
3 5 (55.56%) Finance
4 4 (44.44%) Dodd-Frank
5 3 (33.33%) Project Management
5 3 (33.33%) Fixed Income
6 2 (22.22%) SQL
6 2 (22.22%) Front Office
7 1 (11.11%) Risk Management
7 1 (11.11%) Telecoms
7 1 (11.11%) Data Mining
7 1 (11.11%) GAP Analysis
7 1 (11.11%) Equities
7 1 (11.11%) Validation
7 1 (11.11%) Stakeholder Management
7 1 (11.11%) Analytical Skills
7 1 (11.11%) Derivative
7 1 (11.11%) Electronic Trading
7 1 (11.11%) Data Validation
7 1 (11.11%) Data Mapping
7 1 (11.11%) Analytics
7 1 (11.11%) Relational Database

MiFID
Top Related IT Skills in the City of London by Category

For the 6 months to 17 April 2015, IT contractor jobs across the City of London region citing MiFID also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited MiFID. Up to 20 skills are shown per category.

Database & Business Intelligence
1 1 (11.11%) Data Mining
1 1 (11.11%) Relational Database
General
1 8 (88.89%) Banking
2 5 (55.56%) Investment Banking
2 5 (55.56%) Finance
3 2 (22.22%) Front Office
4 1 (11.11%) Telecoms
Job Titles
1 4 (44.44%) Project Manager
2 3 (33.33%) Business Analyst
2 3 (33.33%) Analyst
2 3 (33.33%) Contracts Manager
3 1 (11.11%) Market Analyst
3 1 (11.11%) Senior Communications Manager
3 1 (11.11%) Data Business Analyst
3 1 (11.11%) Business Systems Analyst
3 1 (11.11%) Systems Analyst
3 1 (11.11%) Senior Manager
3 1 (11.11%) Data Analyst
3 1 (11.11%) Communications Manager
Miscellaneous
1 3 (33.33%) Fixed Income
2 1 (11.11%) Equities
2 1 (11.11%) Derivative
2 1 (11.11%) Analytical Skills
Processes & Methodologies
1 3 (33.33%) Project Management
2 1 (11.11%) GAP Analysis
2 1 (11.11%) Risk Management
2 1 (11.11%) Validation
2 1 (11.11%) Stakeholder Management
2 1 (11.11%) Electronic Trading
2 1 (11.11%) Data Validation
2 1 (11.11%) Data Mapping
2 1 (11.11%) Analytics
Programming Languages
1 2 (22.22%) SQL
Quality Assurance & Compliance
1 7 (77.78%) EMIR
2 4 (44.44%) Dodd-Frank
City of London
Hays IT - Uk Posting account
Rate: £550.00 - £650.00 per day
Posted: 4 days ago
City, London
McGregor Boyall
Rate: £500 - £650 per day
Posted: 4 days ago
City, London
Aston Carter
Rate: £500 - £600 per day
Posted: 5 days ago
City of London
The People Network
Rate: £450 - £500 per day
Posted: 16 days ago
City of London
Deerfoot IT
Rate: £750 - £850 per day
Posted: 16 days ago