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 29 July 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
29 Jul 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 138 192 203
Rank change year-on-year
+54 +11
Contract jobs citing MiFID 24 17 6
As % of all contract IT jobs located in the City of London 0.71% 0.29% 0.10%
As % of the Quality Assurance & Compliance category 6.96% 2.94% 1.06%
Number of daily rates quoted 16 15 6
Median daily rate £581 £650 £481
Median daily rate % change year-on-year
-10.57% +35.27%
90% offered a daily rate of more than £394 £548 £444
10% offered a daily rate of more than £638 £720 £618
UK excluding London median daily rate £475 £475 £550
% change year-on-year
- -13.63%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
345 579 566
As % of all contract IT jobs located in the City of London 10.27% 9.74% 9.58%
Number of daily rates quoted 273 445 402
Median daily rate £475 £475 £475
90% offered a daily rate of more than £335 £313 £300
10% offered a daily rate of more than £600 £625 £600
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 2 5 6
Median hourly rate £52.75 £24.00 £17.50
Median hourly rate % change year-on-year
+119.79% +37.14%
90% offered a hourly rate of more than £26.55 £14.60 £11.32
10% offered a hourly rate of more than £78.95 £55.50 £31.75
UK excluding London median hourly rate £28.00 £22.50 £21.00
% change year-on-year
+24.44% +7.14%

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 29 July 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 29 July 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 26 (54.17%) Banking
2 24 (50.00%) Finance
3 18 (37.50%) Investment Banking
4 15 (31.25%) Business Analysis
5 13 (27.08%) Front Office
6 12 (25.00%) User Acceptance Testing
7 10 (20.83%) Asset Management
7 10 (20.83%) Equities
8 9 (18.75%) Stakeholder Management
8 9 (18.75%) Agile Software Development
8 9 (18.75%) Fixed Income
8 9 (18.75%) Project Management
8 9 (18.75%) EMIR
8 9 (18.75%) Dodd-Frank
9 8 (16.67%) Analytical Skills
9 8 (16.67%) Stakeholder Engagement
9 8 (16.67%) Derivative
10 6 (12.50%) QA
10 6 (12.50%) Back Office
10 6 (12.50%) Change Management
11 5 (10.42%) Investment Management
11 5 (10.42%) Electronic Trading
12 4 (8.33%) Target Operating Model
12 4 (8.33%) Fintech
12 4 (8.33%) Data Analysis
12 4 (8.33%) Equity Derivative
12 4 (8.33%) Degree
12 4 (8.33%) Financial Institution
12 4 (8.33%) SQL
12 4 (8.33%) Foreign Exchange (FX)

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 (4.17%) MS Office
1 2 (4.17%) MS Project
2 1 (2.08%) MS Excel
2 1 (2.08%) MS PowerPoint
Business Applications
1 1 (2.08%) ION MarketView
1 1 (2.08%) Summit
Communications & Networking
1 1 (2.08%) BGP
1 1 (2.08%) Cisco IOS
1 1 (2.08%) EIGRP
1 1 (2.08%) Ethernet
1 1 (2.08%) Extranet
1 1 (2.08%) Firewall
1 1 (2.08%) HTTP
1 1 (2.08%) Internet
1 1 (2.08%) Intranet
1 1 (2.08%) IPsec
1 1 (2.08%) Junos
1 1 (2.08%) LAN
1 1 (2.08%) MPLS
1 1 (2.08%) Multicast
1 1 (2.08%) OSPF
1 1 (2.08%) SNMP
1 1 (2.08%) TCP/IP
1 1 (2.08%) VPN
1 1 (2.08%) WAN
Database & Business Intelligence
1 1 (2.08%) Data Warehouse
Development Applications
1 1 (2.08%) Visual Studio Tools for Office
General
1 26 (54.17%) Banking
2 24 (50.00%) Finance
3 18 (37.50%) Investment Banking
4 13 (27.08%) Front Office
5 6 (12.50%) Back Office
6 4 (8.33%) Financial Institution
7 3 (6.25%) Legal
7 3 (6.25%) Marketing
7 3 (6.25%) Retail
8 1 (2.08%) French Language
Job Titles
1 31 (64.58%) Analyst
1 31 (64.58%) Business Analyst
2 15 (31.25%) MiFID Business Analyst
3 9 (18.75%) Project Manager
4 7 (14.58%) Banking Analyst
4 7 (14.58%) Regulatory Business Analyst
5 6 (12.50%) MiFID Project Manager
6 4 (8.33%) Investment Banking Business Analyst
6 4 (8.33%) Technical Analyst
6 4 (8.33%) Technical Business Analyst
7 3 (6.25%) Banking Business Analyst
7 3 (6.25%) Electronic Trading Business Analyst
8 2 (4.17%) Business Manager
8 2 (4.17%) IT Manager
8 2 (4.17%) IT Project Manager
8 2 (4.17%) Lead Business Analyst
8 2 (4.17%) QA Coordinator
8 2 (4.17%) QA Leader
8 2 (4.17%) Test Coordinator
8 2 (4.17%) Test Leader
Libraries, Frameworks & Software Standards
1 2 (4.17%) XML
2 1 (2.08%) .NET
2 1 (2.08%) FIXML
2 1 (2.08%) OOXML
2 1 (2.08%) Web Services
2 1 (2.08%) WinForms
2 1 (2.08%) WPF
Miscellaneous
1 10 (20.83%) Equities
2 9 (18.75%) Fixed Income
3 8 (16.67%) Analytical Skills
3 8 (16.67%) Derivative
4 4 (8.33%) Equity Derivative
4 4 (8.33%) Fintech
4 4 (8.33%) Foreign Exchange (FX)
5 3 (6.25%) Market Risk
6 2 (4.17%) Hedge funds
6 2 (4.17%) PMI
7 1 (2.08%) Computer Science
7 1 (2.08%) Data Centre
7 1 (2.08%) Data Extraction
7 1 (2.08%) Distributed Denial-of-Service
7 1 (2.08%) Management Information System
7 1 (2.08%) OTC Derivatives
Operating Systems
1 1 (2.08%) Unix
1 1 (2.08%) Windows
1 1 (2.08%) Windows 7
Processes & Methodologies
1 15 (31.25%) Business Analysis
2 12 (25.00%) User Acceptance Testing
3 10 (20.83%) Asset Management
4 9 (18.75%) Agile Software Development
4 9 (18.75%) Project Management
4 9 (18.75%) Stakeholder Management
5 8 (16.67%) Stakeholder Engagement
6 6 (12.50%) Change Management
7 5 (10.42%) Electronic Trading
7 5 (10.42%) Investment Management
8 4 (8.33%) Data Analysis
8 4 (8.33%) Target Operating Model
9 3 (6.25%) Cash Management
9 3 (6.25%) CRM
9 3 (6.25%) Data Management
9 3 (6.25%) Scrum
9 3 (6.25%) Test Strategy
9 3 (6.25%) Waterfall
9 3 (6.25%) Wealth Management
10 2 (4.17%) Manual Testing
Programming Languages
1 4 (8.33%) SQL
2 1 (2.08%) C#
2 1 (2.08%) VBA
Qualifications
1 4 (8.33%) Degree
2 2 (4.17%) APMP
2 2 (4.17%) ISEB
2 2 (4.17%) PMI Certification
3 1 (2.08%) CCDA
3 1 (2.08%) CCIE
3 1 (2.08%) CCNP
3 1 (2.08%) Cisco Certification
Quality Assurance & Compliance
1 9 (18.75%) Dodd-Frank
1 9 (18.75%) EMIR
2 6 (12.50%) QA
3 2 (4.17%) AIFMD
3 2 (4.17%) FATCA
3 2 (4.17%) UCITS
Vendors
1 3 (6.25%) Bloomberg
1 3 (6.25%) Fidessa
1 3 (6.25%) ION Trading
2 1 (2.08%) Cisco
2 1 (2.08%) HP
2 1 (2.08%) Juniper
2 1 (2.08%) Microsoft
2 1 (2.08%) Murex
2 1 (2.08%) SunGard
City, London
Harrington Starr
Rate: £600 - £700 per day
Posted: 2 days ago
City, London
ANSON MCCADE
Rate: £45,000 - £60,000 plus benefits
Posted: 6 days ago