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 3 July 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
3 Jul 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 181 188 212
Rank change year-on-year
+7 +24
Contract jobs citing MiFID 20 6 3
As % of all contract IT jobs located in the City of London 0.34% 0.10% 0.043%
As % of the Quality Assurance & Compliance category 4.05% 1.23% 0.49%
Number of daily rates quoted 19 6 2
Average daily rate
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£650 £481 £600
Average daily rate % change year-on-year
+35.27% -19.91%
UK excluding London average daily rate £475 £550 £350
% change year-on-year
-13.63% +57.14%
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
494 486 615
As % of all contract IT jobs located in the City of London 8.47% 8.44% 8.86%
Number of daily rates quoted 374 354 468
Average daily rate £488 £475 £475
Average daily rate % change year-on-year
+2.63% -
90% offered a daily rate of more than £338 £300 £314
10% offered a daily rate of more than £650 £600 £625
UK excluding London average daily rate £375 £365 £350
% change year-on-year
+2.73% +4.28%
Number of hourly rates quoted 7 6 11
Average hourly rate £24.00 £22.50 £27.50
Average hourly rate % change year-on-year
+6.66% -18.18%
90% offered a hourly rate of more than £10.00 £12.13 £13.97
10% offered a hourly rate of more than £63.40 £42.36 £135.00
UK excluding London average hourly rate £21.15 £20.50 £18.50
% change year-on-year
+3.14% +10.81%

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 3 July 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 3 July 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 19 (82.61%) Banking
2 16 (69.57%) EMIR
3 14 (60.87%) Dodd-Frank
4 12 (52.17%) Investment Banking
5 10 (43.48%) Finance
6 9 (39.13%) Stakeholder Management
7 8 (34.78%) Front Office
8 7 (30.43%) Fixed Income
9 6 (26.09%) Business Analysis
9 6 (26.09%) Derivative
10 5 (21.74%) Equities
11 4 (17.39%) Project Management
11 4 (17.39%) SQL
12 3 (13.04%) Foreign Exchange (FX)
12 3 (13.04%) GAP Analysis
12 3 (13.04%) Advertising
13 2 (8.70%) Validation
13 2 (8.70%) Risk Management
14 1 (4.35%) Telecoms
14 1 (4.35%) Scrum
14 1 (4.35%) Agile Software Development
14 1 (4.35%) Asset Management
14 1 (4.35%) Interest Rate Derivative
14 1 (4.35%) Requirements Management
14 1 (4.35%) Migration
14 1 (4.35%) MS Excel
14 1 (4.35%) Data Mining
14 1 (4.35%) ISEB
14 1 (4.35%) Wealth Management
14 1 (4.35%) Degree

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

For the 6 months to 3 July 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 (4.35%) MS Excel
Database & Business Intelligence
1 1 (4.35%) Data Mining
1 1 (4.35%) Relational Database
General
1 19 (82.61%) Banking
2 12 (52.17%) Investment Banking
3 10 (43.48%) Finance
4 8 (34.78%) Front Office
5 3 (13.04%) Advertising
6 1 (4.35%) Telecoms
Job Titles
1 15 (65.22%) Business Analyst
1 15 (65.22%) Analyst
2 9 (39.13%) Project Manager
3 5 (21.74%) MiFID Business Analyst
4 4 (17.39%) MiFID Project Manager
4 4 (17.39%) Business Project Manager
4 4 (17.39%) Business Manager
4 4 (17.39%) Banking Business Analyst
5 3 (13.04%) Contracts Manager
6 2 (8.70%) Lead Business Analyst
7 1 (4.35%) Market Analyst
7 1 (4.35%) Senior Communications Manager
7 1 (4.35%) Data Business Analyst
7 1 (4.35%) Development Manager
7 1 (4.35%) Senior Manager
7 1 (4.35%) Senior Business Analyst
7 1 (4.35%) Senior Analyst
7 1 (4.35%) Data Analyst
7 1 (4.35%) Communications Manager
Libraries, Frameworks & Software Standards
1 1 (4.35%) FIX Protocol
Miscellaneous
1 7 (30.43%) Fixed Income
2 6 (26.09%) Derivative
3 5 (21.74%) Equities
4 3 (13.04%) Foreign Exchange (FX)
5 1 (4.35%) Interest Rate Derivative
5 1 (4.35%) Analytical Skills
Processes & Methodologies
1 9 (39.13%) Stakeholder Management
2 6 (26.09%) Business Analysis
3 4 (17.39%) Project Management
4 3 (13.04%) GAP Analysis
5 2 (8.70%) Risk Management
5 2 (8.70%) Validation
6 1 (4.35%) Migration
6 1 (4.35%) Scrum
6 1 (4.35%) Agile Software Development
6 1 (4.35%) Asset Management
6 1 (4.35%) Requirements Management
6 1 (4.35%) Wealth Management
6 1 (4.35%) Electronic Trading
6 1 (4.35%) Investment Management
6 1 (4.35%) Data Validation
6 1 (4.35%) Data Mapping
6 1 (4.35%) Stakeholder Engagement
6 1 (4.35%) Analytics
6 1 (4.35%) Business Process Mapping
Programming Languages
1 4 (17.39%) SQL
Qualifications
1 1 (4.35%) ISEB
1 1 (4.35%) Degree
1 1 (4.35%) IIBA
1 1 (4.35%) CBAP
Quality Assurance & Compliance
1 16 (69.57%) EMIR
2 14 (60.87%) Dodd-Frank
City, London
TEKsystems
Rate: £400 - £401 per day
Posted: 2 days ago
City of London
Real Staffing
Rate: £450 - £525 per day + competitive
Posted: 2 days ago
City, London
JM
Rate: £600 - £650 per day
Posted: 6 days ago
City of London
Huxley Banking & Financial Services
Rate: £550 - £650 per day
Posted: 6 days ago
City of London
Interquest - IQ Telecom
Rate: £500 - £700 per day
Posted: 16 days ago