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 19 December 2014 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
19 Dec 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 197 205 193
Rank change year-on-year
+8 -12
Contract jobs citing MiFID 3 3 7
As % of all contract IT jobs located in the City of London 0.053% 0.044% 0.11%
As % of the Quality Assurance & Compliance category 0.70% 0.53% 1.37%
Number of daily rates quoted 3 3 7
Average daily rate
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£600 £550 £500
Average daily rate % change year-on-year
+9.09% +10.00%
UK excluding London average daily rate £450 - -
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
429 566 510
As % of all contract IT jobs located in the City of London 7.60% 8.33% 8.32%
Number of daily rates quoted 330 428 388
Average daily rate £450 £475 £460
Average daily rate % change year-on-year
-5.26% +3.26%
90% offered a daily rate of more than £250 £298 £300
10% offered a daily rate of more than £625 £625 £650
UK excluding London average daily rate £368 £350 £350
% change year-on-year
+5.00% -
Number of hourly rates quoted 5 3 12
Average hourly rate £17.50 £44.16 £36.75
Average hourly rate % change year-on-year
-60.36% +20.15%
90% offered a hourly rate of more than £14.63 £22.55 £17.55
10% offered a hourly rate of more than £43.25 £52.82 £121.65
UK excluding London average hourly rate £18.75 £18.55 £20.00
% change year-on-year
+1.07% -7.25%

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
Top 18 Related IT Skills in the City of London

For the 6 months to 19 December 2014, 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 7 (87.50%) Banking
1 7 (87.50%) Investment Banking
2 6 (75.00%) EMIR
2 6 (75.00%) Dodd-Frank
3 3 (37.50%) Stakeholder Management
4 2 (25.00%) MS PowerPoint
4 2 (25.00%) Front Office
4 2 (25.00%) SQL
5 1 (12.50%) Use Case
5 1 (12.50%) Investment Management
5 1 (12.50%) SQL Server
5 1 (12.50%) Toad
5 1 (12.50%) Foreign Exchange (FX)
5 1 (12.50%) Finance
5 1 (12.50%) Decision Table
5 1 (12.50%) Wealth Management
5 1 (12.50%) Business Analysis
5 1 (12.50%) Agile Software Development

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

For the 6 months to 19 December 2014, 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 (25.00%) MS PowerPoint
Database & Business Intelligence
1 1 (12.50%) SQL Server
Development Applications
1 1 (12.50%) Toad
General
1 7 (87.50%) Banking
1 7 (87.50%) Investment Banking
2 2 (25.00%) Front Office
3 1 (12.50%) Finance
Job Titles
1 5 (62.50%) Business Analyst
1 5 (62.50%) Analyst
2 3 (37.50%) Business Systems Analyst
2 3 (37.50%) Systems Analyst
3 2 (25.00%) Consultant
3 2 (25.00%) Project Consultant
4 1 (12.50%) FX Business Analyst
4 1 (12.50%) Project Manager
4 1 (12.50%) Technical Analyst
4 1 (12.50%) Technical Business Analyst
Miscellaneous
1 1 (12.50%) Foreign Exchange (FX)
Processes & Methodologies
1 3 (37.50%) Stakeholder Management
2 1 (12.50%) Use Case
2 1 (12.50%) Investment Management
2 1 (12.50%) Decision Table
2 1 (12.50%) Wealth Management
2 1 (12.50%) Business Analysis
2 1 (12.50%) Agile Software Development
Programming Languages
1 2 (25.00%) SQL
Quality Assurance & Compliance
1 6 (75.00%) EMIR
1 6 (75.00%) Dodd-Frank
City, London
Hatstand Limited
Rate: £500 - £600 per day
Posted: 3 days ago
City, London
McGregor Boyall
Rate: £500 - £600 per day
Posted: 5 days ago