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 August 2014 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 Aug 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 195 225 226
Rank change year-on-year
+30 +1
Contract jobs citing MiFID 5 6 1
As % of all contract IT jobs located in the City of London 0.085% 0.082% 0.013%
As % of the Quality Assurance & Compliance category 1.08% 1.01% 0.13%
Number of daily rates quoted 5 3 1
Average daily rate
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£525 £600 £500
Average daily rate % change year-on-year
-12.50% +20.00%
UK excluding London average daily rate £110 £950 -
% change year-on-year
-88.42% -
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
465 592 748
As % of all contract IT jobs located in the City of London 7.89% 8.04% 9.57%
Number of daily rates quoted 332 442 558
Average daily rate £465 £475 £475
Average daily rate % change year-on-year
-2.10% -
90% offered a daily rate of more than £300 £300 £305
10% offered a daily rate of more than £600 £600 £626
UK excluding London average daily rate £375 £350 £355
% change year-on-year
+7.14% -1.40%
Number of hourly rates quoted 8 10 20
Average hourly rate £18.00 £21.25 £17.93
Average hourly rate % change year-on-year
-15.29% +18.49%
90% offered a hourly rate of more than £12.14 £13.97 £13.50
10% offered a hourly rate of more than £29.05 £67.50 £50.01
UK excluding London average hourly rate £19.50 £17.50 £22.50
% change year-on-year
+11.42% -22.22%

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 August 2014.

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 August 2014, 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 11 (78.57%) Banking
2 8 (57.14%) EMIR
3 6 (42.86%) Investment Banking
4 5 (35.71%) Finance
5 4 (28.57%) Asset Management
5 4 (28.57%) Hedge funds
5 4 (28.57%) Foreign Exchange (FX)
5 4 (28.57%) Dodd-Frank
6 3 (21.43%) Derivative
6 3 (21.43%) SQL
6 3 (21.43%) FATCA
6 3 (21.43%) Wealth Management
6 3 (21.43%) ISEB
6 3 (21.43%) Agile Software Development
7 2 (14.29%) Stakeholder Management
7 2 (14.29%) Business Analysis
8 1 (7.14%) Decision Table
8 1 (7.14%) AIFMD
8 1 (7.14%) Fixed Income
8 1 (7.14%) Equities
8 1 (7.14%) Programme Management
8 1 (7.14%) SQL Server
8 1 (7.14%) Toad
8 1 (7.14%) Change Management
8 1 (7.14%) GAP Analysis
8 1 (7.14%) Front Office
8 1 (7.14%) Back Office
8 1 (7.14%) Workflow
8 1 (7.14%) Legal
8 1 (7.14%) GoldenSource

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

For the 6 months to 22 August 2014, 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 (7.14%) SQL Server
Development Applications
1 1 (7.14%) Toad
General
1 11 (78.57%) Banking
2 6 (42.86%) Investment Banking
3 5 (35.71%) Finance
4 1 (7.14%) Front Office
4 1 (7.14%) Back Office
4 1 (7.14%) Legal
Job Titles
1 12 (85.71%) Business Analyst
1 12 (85.71%) Analyst
2 4 (28.57%) Banking Business Analyst
3 2 (14.29%) FX Business Analyst
4 1 (7.14%) Senior Analyst
4 1 (7.14%) Technical Analyst
4 1 (7.14%) Business Consultant
4 1 (7.14%) Project Manager
4 1 (7.14%) Business Systems Analyst
4 1 (7.14%) Systems Analyst
4 1 (7.14%) Consultant
4 1 (7.14%) Senior Business Analyst
4 1 (7.14%) Technical Business Analyst
4 1 (7.14%) MiFID Consultant
4 1 (7.14%) Compliance Analyst
Miscellaneous
1 4 (28.57%) Hedge funds
1 4 (28.57%) Foreign Exchange (FX)
2 3 (21.43%) Derivative
3 1 (7.14%) Fixed Income
3 1 (7.14%) Equities
3 1 (7.14%) Reference Data
Processes & Methodologies
1 4 (28.57%) Asset Management
2 3 (21.43%) Wealth Management
2 3 (21.43%) Agile Software Development
3 2 (14.29%) Stakeholder Management
3 2 (14.29%) Business Analysis
4 1 (7.14%) Decision Table
4 1 (7.14%) Programme Management
4 1 (7.14%) Change Management
4 1 (7.14%) GAP Analysis
4 1 (7.14%) Workflow
4 1 (7.14%) Use Case
4 1 (7.14%) Business Transformation
Programming Languages
1 3 (21.43%) SQL
Qualifications
1 3 (21.43%) ISEB
Quality Assurance & Compliance
1 8 (57.14%) EMIR
2 4 (28.57%) Dodd-Frank
3 3 (21.43%) FATCA
4 1 (7.14%) AIFMD
Vendors
1 1 (7.14%) GoldenSource
1 1 (7.14%) Pega
City of London
Orgtel
Rate: £525 - £585 per day
Posted: 17 hours ago
City of London
Huxley Associates
Rate: £550 - £650 per day + competitive
Posted: 9 days ago
City of London
Huxley Associates
Rate: £750 - £850 per day + competitive
Posted: 24 days ago