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 22 May 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
22 May 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 176 191 208
Rank change year-on-year
+15 +17
Contract jobs citing MiFID 16 10 2
As % of all contract IT jobs located in the City of London 0.29% 0.17% 0.031%
As % of the Quality Assurance & Compliance category 3.55% 1.80% 0.33%
Number of daily rates quoted 16 9 1
Average daily rate
Keep up to 90%
of your Daily Rate
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£650 £475 £381
Average daily rate % change year-on-year
+36.84% +24.83%
UK excluding London average daily rate £400 £650 £350
% change year-on-year
-38.46% +85.71%
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
451 557 602
As % of all contract IT jobs located in the City of London 8.31% 9.32% 9.36%
Number of daily rates quoted 345 410 456
Average daily rate £478 £475 £475
Average daily rate % change year-on-year
+0.68% -
90% offered a daily rate of more than £325 £290 £303
10% offered a daily rate of more than £650 £625 £625
UK excluding London average daily rate £375 £363 £350
% change year-on-year
+3.44% +3.57%
Number of hourly rates quoted 5 6 14
Average hourly rate £17.50 £16.25 £135.00
Average hourly rate % change year-on-year
+7.69% -87.96%
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 22 May 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 22 May 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 14 (77.78%) Banking
2 13 (72.22%) EMIR
3 10 (55.56%) Dodd-Frank
4 8 (44.44%) Investment Banking
5 7 (38.89%) Finance
6 6 (33.33%) Front Office
6 6 (33.33%) Stakeholder Management
7 4 (22.22%) Fixed Income
7 4 (22.22%) SQL
8 3 (16.67%) GAP Analysis
8 3 (16.67%) Project Management
8 3 (16.67%) Equities
8 3 (16.67%) Business Analysis
8 3 (16.67%) Derivative
9 2 (11.11%) Risk Management
10 1 (5.56%) Telecoms
10 1 (5.56%) Advertising
10 1 (5.56%) Validation
10 1 (5.56%) Migration
10 1 (5.56%) MS Excel
10 1 (5.56%) Data Mining
10 1 (5.56%) Foreign Exchange (FX)
10 1 (5.56%) FIX Protocol
10 1 (5.56%) Wealth Management
10 1 (5.56%) Agile Software Development
10 1 (5.56%) Scrum
10 1 (5.56%) Asset Management
10 1 (5.56%) Analytical Skills
10 1 (5.56%) Electronic Trading
10 1 (5.56%) Investment Management

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

For the 6 months to 22 May 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 1 (5.56%) MS Excel
Database & Business Intelligence
1 1 (5.56%) Data Mining
1 1 (5.56%) Relational Database
General
1 14 (77.78%) Banking
2 8 (44.44%) Investment Banking
3 7 (38.89%) Finance
4 6 (33.33%) Front Office
5 1 (5.56%) Telecoms
5 1 (5.56%) Advertising
Job Titles
1 11 (61.11%) Business Analyst
1 11 (61.11%) Analyst
2 7 (38.89%) Project Manager
3 4 (22.22%) MiFID Business Analyst
4 3 (16.67%) MiFID Project Manager
4 3 (16.67%) Business Manager
4 3 (16.67%) Contracts Manager
4 3 (16.67%) Business Project Manager
4 3 (16.67%) Banking Business Analyst
5 1 (5.56%) Development Manager
5 1 (5.56%) Senior Manager
5 1 (5.56%) Lead Business Analyst
5 1 (5.56%) Market Analyst
5 1 (5.56%) Data Analyst
5 1 (5.56%) Communications Manager
5 1 (5.56%) Data Business Analyst
5 1 (5.56%) Senior Communications Manager
Libraries, Frameworks & Software Standards
1 1 (5.56%) FIX Protocol
Miscellaneous
1 4 (22.22%) Fixed Income
2 3 (16.67%) Equities
2 3 (16.67%) Derivative
3 1 (5.56%) Foreign Exchange (FX)
3 1 (5.56%) Analytical Skills
Processes & Methodologies
1 6 (33.33%) Stakeholder Management
2 3 (16.67%) GAP Analysis
2 3 (16.67%) Project Management
2 3 (16.67%) Business Analysis
3 2 (11.11%) Risk Management
4 1 (5.56%) Validation
4 1 (5.56%) Migration
4 1 (5.56%) Wealth Management
4 1 (5.56%) Agile Software Development
4 1 (5.56%) Scrum
4 1 (5.56%) Asset Management
4 1 (5.56%) Electronic Trading
4 1 (5.56%) Investment Management
4 1 (5.56%) Data Validation
4 1 (5.56%) Data Mapping
4 1 (5.56%) Stakeholder Engagement
4 1 (5.56%) Analytics
Programming Languages
1 4 (22.22%) SQL
Quality Assurance & Compliance
1 13 (72.22%) EMIR
2 10 (55.56%) Dodd-Frank
City, London
TEKsystems
Rate: £550 - £650 per day
Posted: Yesterday
City of London
Interquest - IQ Telecom
Rate: £500 - £600 per day
Posted: 3 days ago
City of London
Huxley Banking & Financial Services
Rate: £650 - £750 per day + competitive
Posted: 12 days ago