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 10 February 2016 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
10 Feb 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 126 187 201
Rank change year-on-year
+61 +14
Contract jobs citing MiFID 27 1 5
As % of all contract IT jobs located in the City of London 0.86% 0.019% 0.084%
As % of the Quality Assurance & Compliance category 8.28% 0.22% 0.82%
Number of daily rates quoted 23 1 4
Average daily rate £620 £550 £600
Average daily rate % change year-on-year
+12.72% -8.33%
UK excluding London average daily rate £356 £375 -
% change year-on-year
-5.06% -
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
326 461 611
As % of all contract IT jobs located in the City of London 10.36% 8.97% 10.26%
Number of daily rates quoted 233 339 433
Average daily rate £500 £449 £470
Average daily rate % change year-on-year
+11.42% -4.52%
90% offered a daily rate of more than £305 £250 £280
10% offered a daily rate of more than £625 £577 £600
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 6 2 3
Average hourly rate £26.75 £30.13 £18.70
Average hourly rate % change year-on-year
-11.20% +61.09%
90% offered a hourly rate of more than £21.00 £19.23 £17.74
10% offered a hourly rate of more than £40.75 £41.03 £23.74
UK excluding London average hourly rate £42.50 £23.25 £17.08
% change year-on-year
+82.79% +36.16%

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 10 February 2016.

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 10 February 2016, 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 31 (50.00%) Finance
2 26 (41.94%) Banking
3 19 (30.65%) Investment Banking
3 19 (30.65%) EMIR
3 19 (30.65%) Dodd-Frank
4 14 (22.58%) Front Office
5 13 (20.97%) Asset Management
6 12 (19.35%) Derivative
6 12 (19.35%) Legal
6 12 (19.35%) Project Management
7 11 (17.74%) Change Management
8 9 (14.52%) GAP Analysis
8 9 (14.52%) Business Analysis
9 8 (12.90%) Foreign Exchange (FX)
10 7 (11.29%) Equities
11 6 (9.68%) User Acceptance Testing
11 6 (9.68%) Validation
12 5 (8.06%) Data Management
12 5 (8.06%) Target Operating Model
13 4 (6.45%) Data Architecture
13 4 (6.45%) Investment Management
13 4 (6.45%) Stakeholder Management
13 4 (6.45%) ISEB
13 4 (6.45%) SQL
13 4 (6.45%) Data Modelling
13 4 (6.45%) SDLC
14 3 (4.84%) Wealth Management
14 3 (4.84%) Fixed Income
14 3 (4.84%) Telecoms
14 3 (4.84%) Test Strategy

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

For the 6 months to 10 February 2016, 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 (3.23%) MS PowerPoint
1 2 (3.23%) MS Project
Business Applications
1 1 (1.61%) Endur
Database & Business Intelligence
1 2 (3.23%) Data Warehouse
2 1 (1.61%) OLTP
2 1 (1.61%) SQL Server
2 1 (1.61%) SQL Server 2008
Development Applications
1 1 (1.61%) JIRA
1 1 (1.61%) MSTest
1 1 (1.61%) NUnit
1 1 (1.61%) Visual Studio
General
1 31 (50.00%) Finance
2 26 (41.94%) Banking
3 19 (30.65%) Investment Banking
4 14 (22.58%) Front Office
5 12 (19.35%) Legal
6 3 (4.84%) Telecoms
7 2 (3.23%) Back Office
8 1 (1.61%) Advertising
8 1 (1.61%) Private Banking
Job Titles
1 42 (67.74%) Analyst
2 41 (66.13%) Business Analyst
3 26 (41.94%) MiFID Business Analyst
4 15 (24.19%) Project Manager
5 9 (14.52%) Finance Business Analyst
5 9 (14.52%) Financial Analyst
5 9 (14.52%) Financial Business Analyst
6 8 (12.90%) MiFID Project Manager
7 7 (11.29%) Financial Services Business Analyst
7 7 (11.29%) Service Analyst
8 5 (8.06%) Senior Analyst
8 5 (8.06%) Senior Business Analyst
9 4 (6.45%) Regulatory Business Analyst
10 3 (4.84%) Data Modeller
10 3 (4.84%) Report Analyst
10 3 (4.84%) Report Manager
10 3 (4.84%) Wealth Management Business Analyst
11 2 (3.23%) Banking Business Analyst
11 2 (3.23%) Business Manager
11 2 (3.23%) Senior Reporting Analyst
Libraries, Frameworks & Software Standards
1 2 (3.23%) FpML
1 2 (3.23%) XML
2 1 (1.61%) .NET
2 1 (1.61%) .NET Framework
2 1 (1.61%) ASP.NET
2 1 (1.61%) ASP.NET MVC
2 1 (1.61%) ASP.NET MVC 4
2 1 (1.61%) ASP.NET MVC 5
2 1 (1.61%) ASP.NET Web API
2 1 (1.61%) FIX Protocol
2 1 (1.61%) Middleware
2 1 (1.61%) Ninject
2 1 (1.61%) WCF
2 1 (1.61%) Web Services
2 1 (1.61%) XML Schema
Miscellaneous
1 12 (19.35%) Derivative
2 8 (12.90%) Foreign Exchange (FX)
3 7 (11.29%) Equities
4 3 (4.84%) Fixed Income
5 2 (3.23%) Fintech
6 1 (1.61%) Analytical Skills
6 1 (1.61%) Computer Science
6 1 (1.61%) Data Extraction
6 1 (1.61%) Data Integration
6 1 (1.61%) Enterprise Software
6 1 (1.61%) Market Risk
6 1 (1.61%) Reference Data
Operating Systems
1 1 (1.61%) Windows
Processes & Methodologies
1 13 (20.97%) Asset Management
2 12 (19.35%) Project Management
3 11 (17.74%) Change Management
4 9 (14.52%) Business Analysis
4 9 (14.52%) GAP Analysis
5 6 (9.68%) User Acceptance Testing
5 6 (9.68%) Validation
6 5 (8.06%) Data Management
6 5 (8.06%) Target Operating Model
7 4 (6.45%) Data Architecture
7 4 (6.45%) Data Modelling
7 4 (6.45%) Investment Management
7 4 (6.45%) SDLC
7 4 (6.45%) Stakeholder Management
8 3 (4.84%) Functional Testing
8 3 (4.84%) Test Strategy
8 3 (4.84%) Wealth Management
9 2 (3.23%) Enterprise Architecture
9 2 (3.23%) Logical Data Model
9 2 (3.23%) Time Management
Programming Languages
1 4 (6.45%) SQL
2 1 (1.61%) C#
2 1 (1.61%) Java
2 1 (1.61%) JavaScript
Qualifications
1 4 (6.45%) ISEB
2 1 (1.61%) CBAP
2 1 (1.61%) PMI Certification
2 1 (1.61%) PMP
Quality Assurance & Compliance
1 19 (30.65%) Dodd-Frank
1 19 (30.65%) EMIR
2 2 (3.23%) AIFMD
2 2 (3.23%) Solvency II
3 1 (1.61%) FATCA
3 1 (1.61%) ISO20022
3 1 (1.61%) UCITS
Vendors
1 1 (1.61%) Bloomberg
1 1 (1.61%) FactSet
1 1 (1.61%) Fidessa
1 1 (1.61%) OpenLink
1 1 (1.61%) Reuters
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