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 29 July 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
29 Jul 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 187 202 222
Rank change year-on-year
+15 +20
Contract jobs citing MiFID 17 6 4
As % of all contract IT jobs located in the City of London 0.29% 0.10% 0.056%
As % of the Quality Assurance & Compliance category 3.28% 1.24% 0.65%
Number of daily rates quoted 15 6 2
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£650 £481 £600
Average daily rate % change year-on-year
+35.27% -19.91%
UK excluding London average daily rate £475 £550 £375
% change year-on-year
-13.63% +46.66%
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
519 484 614
As % of all contract IT jobs located in the City of London 8.73% 8.20% 8.64%
Number of daily rates quoted 398 343 456
Average daily rate £475 £484 £475
Average daily rate % change year-on-year
-1.85% +1.89%
90% offered a daily rate of more than £325 £300 £314
10% offered a daily rate of more than £650 £600 £625
UK excluding London average daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 5 6 9
Average hourly rate £24.00 £17.50 £27.50
Average hourly rate % change year-on-year
+37.14% -36.36%
90% offered a hourly rate of more than £14.60 £11.32 £13.97
10% offered a hourly rate of more than £55.50 £31.75 £61.40
UK excluding London average hourly rate £21.53 £21.00 £17.50
% change year-on-year
+2.50% +20.00%

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 29 July 2015.

MiFID Daily Rate Histogram in the City of London

MiFID
Top 30 Related IT Skills in the City of London

For the 6 months to 29 July 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 23 (85.19%) Banking
2 16 (59.26%) EMIR
3 14 (51.85%) Investment Banking
4 13 (48.15%) Dodd-Frank
5 12 (44.44%) Finance
6 11 (40.74%) Front Office
7 9 (33.33%) Stakeholder Management
8 7 (25.93%) Fixed Income
9 6 (22.22%) Business Analysis
9 6 (22.22%) Derivative
10 5 (18.52%) Equities
11 4 (14.81%) Foreign Exchange (FX)
11 4 (14.81%) Project Management
12 3 (11.11%) SQL
12 3 (11.11%) Agile Software Development
12 3 (11.11%) Scrum
12 3 (11.11%) Advertising
13 2 (7.41%) Validation
13 2 (7.41%) MS Excel
13 2 (7.41%) GAP Analysis
13 2 (7.41%) Risk Management
14 1 (3.70%) Telecoms
14 1 (3.70%) Workflow
14 1 (3.70%) Back Office
14 1 (3.70%) MS Visio
14 1 (3.70%) Data Mining
14 1 (3.70%) ISEB
14 1 (3.70%) Change Management
14 1 (3.70%) Migration
14 1 (3.70%) Asset Management

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

For the 6 months to 29 July 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.

Applications
1 2 (7.41%) MS Excel
2 1 (3.70%) MS Visio
Database & Business Intelligence
1 1 (3.70%) Data Mining
General
1 23 (85.19%) Banking
2 14 (51.85%) Investment Banking
3 12 (44.44%) Finance
4 11 (40.74%) Front Office
5 3 (11.11%) Advertising
6 1 (3.70%) Back Office
6 1 (3.70%) Telecoms
6 1 (3.70%) Corporate Banking
Job Titles
1 17 (62.96%) Business Analyst
1 17 (62.96%) Analyst
2 9 (33.33%) Project Manager
3 5 (18.52%) MiFID Business Analyst
4 4 (14.81%) MiFID Project Manager
4 4 (14.81%) Business Project Manager
4 4 (14.81%) Business Manager
4 4 (14.81%) Banking Business Analyst
4 4 (14.81%) Lead Business Analyst
5 3 (11.11%) Development Manager
5 3 (11.11%) Contracts Manager
6 1 (3.70%) Senior Manager
6 1 (3.70%) Senior Business Analyst
6 1 (3.70%) Senior Analyst
6 1 (3.70%) Data Analyst
6 1 (3.70%) Communications Manager
6 1 (3.70%) Senior Communications Manager
6 1 (3.70%) Data Business Analyst
Libraries, Frameworks & Software Standards
1 1 (3.70%) FIX Protocol
Miscellaneous
1 7 (25.93%) Fixed Income
2 6 (22.22%) Derivative
3 5 (18.52%) Equities
4 4 (14.81%) Foreign Exchange (FX)
5 1 (3.70%) Interest Rate Derivative
Processes & Methodologies
1 9 (33.33%) Stakeholder Management
2 6 (22.22%) Business Analysis
3 4 (14.81%) Project Management
4 3 (11.11%) Scrum
4 3 (11.11%) Agile Software Development
5 2 (7.41%) GAP Analysis
5 2 (7.41%) Risk Management
5 2 (7.41%) Validation
6 1 (3.70%) Migration
6 1 (3.70%) Workflow
6 1 (3.70%) Change Management
6 1 (3.70%) Asset Management
6 1 (3.70%) Requirements Management
6 1 (3.70%) Wealth Management
6 1 (3.70%) Electronic Trading
6 1 (3.70%) Investment Management
6 1 (3.70%) Data Validation
6 1 (3.70%) Stakeholder Engagement
6 1 (3.70%) Analytics
6 1 (3.70%) Business Process Mapping
Programming Languages
1 3 (11.11%) SQL
Qualifications
1 1 (3.70%) ISEB
1 1 (3.70%) Degree
1 1 (3.70%) IIBA
1 1 (3.70%) CBAP
Quality Assurance & Compliance
1 16 (59.26%) EMIR
2 13 (48.15%) Dodd-Frank
3 1 (3.70%) AIFMD
City of London
Huxley Banking & Financial Services
Rate: £550 - £650 per day + competitive
Posted: Yesterday
City of London
Orgtel
Rate: £500 - £525 per day
Posted: 23 days ago
City of London
Real Staffing
Rate: £450 - £525 per day + competitive
Posted: 26 days ago