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 28 August 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
28 Aug 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 185 196 220
Rank change year-on-year
+11 +24
Contract jobs citing MiFID 13 6 6
As % of all contract IT jobs located in the City of London 0.24% 0.10% 0.083%
As % of the Quality Assurance & Compliance category 2.86% 1.29% 1.02%
Number of daily rates quoted 10 6 3
Average daily rate
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£575 £563 £600
Average daily rate % change year-on-year
+2.22% -6.25%
UK excluding London average daily rate £475 £110 £950
% change year-on-year
+331.81% -88.42%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £17.00 - -
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
454 464 587
As % of all contract IT jobs located in the City of London 8.45% 7.98% 8.10%
Number of daily rates quoted 335 334 442
Average daily rate £450 £472 £475
Average daily rate % change year-on-year
-4.66% -0.63%
90% offered a daily rate of more than £323 £307 £300
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £400 £375 £360
% change year-on-year
+6.66% +4.16%
Number of hourly rates quoted 6 9 9
Average hourly rate £22.63 £16.00 £20.00
Average hourly rate % change year-on-year
+41.40% -20.00%
90% offered a hourly rate of more than £15.20 £12.56 £13.97
10% offered a hourly rate of more than £55.50 £25.30 £67.50
UK excluding London average hourly rate £21.55 £19.50 £17.50
% change year-on-year
+10.51% +11.42%

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 28 August 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 28 August 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 24 (80.00%) Banking
2 16 (53.33%) EMIR
3 14 (46.67%) Investment Banking
4 13 (43.33%) Dodd-Frank
5 12 (40.00%) Finance
6 11 (36.67%) Front Office
7 9 (30.00%) Stakeholder Management
8 7 (23.33%) Fixed Income
9 6 (20.00%) Business Analysis
9 6 (20.00%) Derivative
10 4 (13.33%) Equities
10 4 (13.33%) Foreign Exchange (FX)
10 4 (13.33%) Project Management
11 3 (10.00%) Agile Software Development
11 3 (10.00%) Scrum
11 3 (10.00%) Advertising
12 2 (6.67%) Asset Management
12 2 (6.67%) SQL
12 2 (6.67%) MS Excel
12 2 (6.67%) GAP Analysis
12 2 (6.67%) Risk Management
12 2 (6.67%) Investment Management
13 1 (3.33%) IIBA
13 1 (3.33%) CBAP
13 1 (3.33%) Stakeholder Engagement
13 1 (3.33%) Analytics
13 1 (3.33%) Business Process Mapping
13 1 (3.33%) AIFMD
13 1 (3.33%) Target Operating Model
13 1 (3.33%) Wealth Management

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

For the 6 months to 28 August 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 (6.67%) MS Excel
2 1 (3.33%) MS Visio
General
1 24 (80.00%) Banking
2 14 (46.67%) Investment Banking
3 12 (40.00%) Finance
4 11 (36.67%) Front Office
5 3 (10.00%) Advertising
6 1 (3.33%) Back Office
6 1 (3.33%) Telecoms
6 1 (3.33%) Corporate Banking
Job Titles
1 19 (63.33%) Business Analyst
1 19 (63.33%) Analyst
2 10 (33.33%) Project Manager
3 5 (16.67%) MiFID Business Analyst
4 4 (13.33%) MiFID Project Manager
4 4 (13.33%) Business Project Manager
4 4 (13.33%) Business Manager
4 4 (13.33%) Banking Business Analyst
4 4 (13.33%) Lead Business Analyst
5 3 (10.00%) Contracts Manager
5 3 (10.00%) Development Manager
6 2 (6.67%) Senior Manager
7 1 (3.33%) Senior Business Analyst
7 1 (3.33%) Senior Analyst
7 1 (3.33%) Senior Project Manager
7 1 (3.33%) Communications Manager
7 1 (3.33%) Senior Communications Manager
Libraries, Frameworks & Software Standards
1 1 (3.33%) FIX Protocol
Miscellaneous
1 7 (23.33%) Fixed Income
2 6 (20.00%) Derivative
3 4 (13.33%) Equities
3 4 (13.33%) Foreign Exchange (FX)
4 1 (3.33%) Interest Rate Derivative
Processes & Methodologies
1 9 (30.00%) Stakeholder Management
2 6 (20.00%) Business Analysis
3 4 (13.33%) Project Management
4 3 (10.00%) Scrum
4 3 (10.00%) Agile Software Development
5 2 (6.67%) Asset Management
5 2 (6.67%) GAP Analysis
5 2 (6.67%) Risk Management
5 2 (6.67%) Investment Management
6 1 (3.33%) Stakeholder Engagement
6 1 (3.33%) Analytics
6 1 (3.33%) Business Process Mapping
6 1 (3.33%) Target Operating Model
6 1 (3.33%) Requirements Management
6 1 (3.33%) Wealth Management
6 1 (3.33%) Electronic Trading
6 1 (3.33%) Workflow
6 1 (3.33%) Validation
6 1 (3.33%) Migration
6 1 (3.33%) Change Management
Programming Languages
1 2 (6.67%) SQL
Qualifications
1 1 (3.33%) ISEB
1 1 (3.33%) Degree
1 1 (3.33%) IIBA
1 1 (3.33%) CBAP
Quality Assurance & Compliance
1 16 (53.33%) EMIR
2 13 (43.33%) Dodd-Frank
3 1 (3.33%) AIFMD
City, London
McGregor Boyall
Rate: £500 - £600 per day
Posted: 14 hours ago
City, London
Hudson IT
Rate: £610 per day
Posted: 3 days ago
City of London
Deerfoot IT
Rate: competitive daily rate
Posted: 11 days ago