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 contractor rates offered in IT contracts that have cited MiFID over the 3 months to 31 August 2016 with a comparison to the same period over 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.

3 months to
31 Aug 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 151 189 203
Rank change year-on-year
+38 +14
Contract jobs citing MiFID 27 13 6
As % of all contract IT jobs located in the City of London 0.78% 0.24% 0.10%
As % of the Quality Assurance & Compliance category 7.65% 2.57% 1.07%
Number of daily rates quoted 16 10 6
Median daily rate £581 £575 £563
Median daily rate % change year-on-year
+1.08% +2.22%
90% offered a daily rate of more than £354 £423 £479
10% offered a daily rate of more than £663 £750 £713
UK excluding London median daily rate £425 £475 £110
% change year-on-year
-10.52% +331.81%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
353 505 559
As % of all contract IT jobs located in the City of London 10.15% 9.39% 9.61%
Number of daily rates quoted 280 371 397
Median daily rate £475 £450 £472
Median daily rate % change year-on-year
+5.55% -4.66%
90% offered a daily rate of more than £336 £321 £301
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £400 £408 £380
% change year-on-year
-1.84% +7.23%
Number of hourly rates quoted 2 7 9
Median hourly rate £52.75 £24.00 £16.00
Median hourly rate % change year-on-year
+119.79% +50.00%
90% offered a hourly rate of more than £26.55 £15.80 £12.56
10% offered a hourly rate of more than £78.95 £55.50 £25.30
UK excluding London median hourly rate £28.15 £25.69 £20.00
% change year-on-year
+9.57% +28.45%

MiFID
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing MiFID as a proportion of all IT contracts with a match in 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 31 August 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 31 August 2016, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for MiFID.

1 25 (49.02%) Finance
2 24 (47.06%) Banking
3 17 (33.33%) Investment Banking
3 17 (33.33%) Business Analysis
4 13 (25.49%) User Acceptance Testing
4 13 (25.49%) Equities
5 12 (23.53%) Stakeholder Management
5 12 (23.53%) Asset Management
6 10 (19.61%) Front Office
7 9 (17.65%) Project Management
7 9 (17.65%) Fixed Income
7 9 (17.65%) Agile Software Development
7 9 (17.65%) Derivative
7 9 (17.65%) Stakeholder Engagement
8 8 (15.69%) Analytical Skills
9 7 (13.73%) Dodd-Frank
9 7 (13.73%) Change Management
9 7 (13.73%) Financial Institution
10 6 (11.76%) Foreign Exchange (FX)
10 6 (11.76%) QA
10 6 (11.76%) Investment Management
11 5 (9.80%) Back Office
11 5 (9.80%) Fintech
11 5 (9.80%) EMIR
11 5 (9.80%) Target Operating Model
12 4 (7.84%) Wealth Management
12 4 (7.84%) Legal
12 4 (7.84%) CRM
12 4 (7.84%) SQL
12 4 (7.84%) Data Analysis

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

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 2 (3.92%) MS Project
2 1 (1.96%) MS Office
Business Applications
1 1 (1.96%) Summit
Communications & Networking
1 2 (3.92%) Intranet
2 1 (1.96%) BGP
2 1 (1.96%) Cisco IOS
2 1 (1.96%) EIGRP
2 1 (1.96%) Ethernet
2 1 (1.96%) Extranet
2 1 (1.96%) Firewall
2 1 (1.96%) Internet
2 1 (1.96%) IPsec
2 1 (1.96%) Junos
2 1 (1.96%) LAN
2 1 (1.96%) MPLS
2 1 (1.96%) Multicast
2 1 (1.96%) OSPF
2 1 (1.96%) SNMP
2 1 (1.96%) TCP/IP
2 1 (1.96%) VPN
2 1 (1.96%) WAN
Database & Business Intelligence
1 2 (3.92%) Oracle Database
2 1 (1.96%) Data Warehouse
General
1 25 (49.02%) Finance
2 24 (47.06%) Banking
3 17 (33.33%) Investment Banking
4 10 (19.61%) Front Office
5 7 (13.73%) Financial Institution
6 5 (9.80%) Back Office
7 4 (7.84%) Legal
7 4 (7.84%) Marketing
7 4 (7.84%) Retail
8 1 (1.96%) Advertising
8 1 (1.96%) French Language
Job Titles
1 33 (64.71%) Analyst
2 32 (62.75%) Business Analyst
3 20 (39.22%) MiFID Business Analyst
4 9 (17.65%) Project Manager
5 7 (13.73%) Regulatory Business Analyst
6 6 (11.76%) MiFID Project Manager
7 5 (9.80%) Banking Analyst
7 5 (9.80%) Investment Banking Business Analyst
8 4 (7.84%) Technical Analyst
8 4 (7.84%) Technical Business Analyst
9 2 (3.92%) Architect
9 2 (3.92%) Coordinator
9 2 (3.92%) IT Manager
9 2 (3.92%) IT Project Manager
9 2 (3.92%) Lead Business Analyst
9 2 (3.92%) QA Leader
9 2 (3.92%) Senior Analyst
9 2 (3.92%) Senior Business Analyst
9 2 (3.92%) Test Coordinator
9 2 (3.92%) Test Leader
Libraries, Frameworks & Software Standards
1 1 (1.96%) FIXML
1 1 (1.96%) Middleware
1 1 (1.96%) XML
Miscellaneous
1 13 (25.49%) Equities
2 9 (17.65%) Derivative
2 9 (17.65%) Fixed Income
3 8 (15.69%) Analytical Skills
4 6 (11.76%) Foreign Exchange (FX)
5 5 (9.80%) Fintech
6 4 (7.84%) Equity Derivative
7 2 (3.92%) Hedge funds
7 2 (3.92%) Management Information System
7 2 (3.92%) Market Risk
7 2 (3.92%) PMI
8 1 (1.96%) Computer Science
8 1 (1.96%) Data Centre
8 1 (1.96%) Distributed Denial-of-Service
8 1 (1.96%) OTC Derivatives
Operating Systems
1 2 (3.92%) Unix
Processes & Methodologies
1 17 (33.33%) Business Analysis
2 13 (25.49%) User Acceptance Testing
3 12 (23.53%) Asset Management
3 12 (23.53%) Stakeholder Management
4 9 (17.65%) Agile Software Development
4 9 (17.65%) Project Management
4 9 (17.65%) Stakeholder Engagement
5 7 (13.73%) Change Management
6 6 (11.76%) Investment Management
7 5 (9.80%) Target Operating Model
8 4 (7.84%) CRM
8 4 (7.84%) Data Analysis
8 4 (7.84%) Data Management
8 4 (7.84%) Wealth Management
9 3 (5.88%) GAP Analysis
9 3 (5.88%) Scrum
9 3 (5.88%) Software Engineering
9 3 (5.88%) Test Strategy
9 3 (5.88%) Waterfall
9 3 (5.88%) Workflow
Programming Languages
1 4 (7.84%) SQL
2 2 (3.92%) Java
Qualifications
1 4 (7.84%) Degree
2 2 (3.92%) APMP
2 2 (3.92%) ISEB
2 2 (3.92%) PMI Certification
3 1 (1.96%) CCDA
3 1 (1.96%) CCIE
3 1 (1.96%) CCNP
3 1 (1.96%) Cisco Certification
Quality Assurance & Compliance
1 7 (13.73%) Dodd-Frank
2 6 (11.76%) QA
3 5 (9.80%) EMIR
4 2 (3.92%) AIFMD
4 2 (3.92%) FATCA
4 2 (3.92%) UCITS
Vendors
1 3 (5.88%) Bloomberg
2 2 (3.92%) Fidessa
2 2 (3.92%) Oracle
3 1 (1.96%) Cisco
3 1 (1.96%) HP
3 1 (1.96%) Juniper
3 1 (1.96%) Murex
City, London
Pioneer Search
Rate: £600 - £700 per day
Posted: 9 hours ago
City, London
Hatstand Limited
Rate: £700 - £750 per day
Posted: 5 days ago