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 27 February 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
27 Feb 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 182 193 183
Rank change year-on-year
+11 -10
Contract jobs citing MiFID 2 7 11
As % of all contract IT jobs located in the City of London 0.039% 0.12% 0.19%
As % of the Quality Assurance & Compliance category 0.50% 1.31% 2.36%
Number of daily rates quoted 1 6 10
Average daily rate
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£550 £600 £650
Average daily rate % change year-on-year
-8.33% -7.69%
UK excluding London average daily rate £375 - £115
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
399 535 467
As % of all contract IT jobs located in the City of London 7.77% 9.22% 8.17%
Number of daily rates quoted 283 356 327
Average daily rate £445 £475 £450
Average daily rate % change year-on-year
-6.31% +5.55%
90% offered a daily rate of more than £243 £301 £300
10% offered a daily rate of more than £580 £600 £600
UK excluding London average daily rate £380 £368 £330
% change year-on-year
+3.40% +11.36%
Number of hourly rates quoted 0 6 14
Average hourly rate - £18.10 £90.50
Average hourly rate % change year-on-year
- -80.00%
UK excluding London average hourly rate £18.50 £16.00 £20.00
% change year-on-year
+15.62% -20.00%

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 20 Related IT Skills in the City of London

For the 6 months to 27 February 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 5 (83.33%) Banking
2 4 (66.67%) Investment Banking
2 4 (66.67%) EMIR
2 4 (66.67%) Dodd-Frank
3 2 (33.33%) SQL
4 1 (16.67%) GAP Analysis
4 1 (16.67%) Front Office
4 1 (16.67%) Finance
4 1 (16.67%) Validation
4 1 (16.67%) Stakeholder Management
4 1 (16.67%) Equities
4 1 (16.67%) MS PowerPoint
4 1 (16.67%) Derivative
4 1 (16.67%) Wealth Management
4 1 (16.67%) Investment Management
4 1 (16.67%) Data Validation
4 1 (16.67%) Data Mapping
4 1 (16.67%) Relational Database
4 1 (16.67%) Data Mining
4 1 (16.67%) Analytical Skills

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

For the 6 months to 27 February 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 (16.67%) MS PowerPoint
Database & Business Intelligence
1 1 (16.67%) Data Mining
1 1 (16.67%) Relational Database
General
1 5 (83.33%) Banking
2 4 (66.67%) Investment Banking
3 1 (16.67%) Front Office
3 1 (16.67%) Finance
Job Titles
1 4 (66.67%) Business Analyst
1 4 (66.67%) Analyst
2 2 (33.33%) Business Systems Analyst
2 2 (33.33%) Systems Analyst
3 1 (16.67%) Consultant
3 1 (16.67%) Data Analyst
3 1 (16.67%) Market Analyst
3 1 (16.67%) Project Consultant
3 1 (16.67%) Data Business Analyst
3 1 (16.67%) Project Manager
Miscellaneous
1 1 (16.67%) Equities
1 1 (16.67%) Derivative
1 1 (16.67%) Analytical Skills
Processes & Methodologies
1 1 (16.67%) GAP Analysis
1 1 (16.67%) Validation
1 1 (16.67%) Stakeholder Management
1 1 (16.67%) Wealth Management
1 1 (16.67%) Investment Management
1 1 (16.67%) Data Validation
1 1 (16.67%) Data Mapping
Programming Languages
1 2 (33.33%) SQL
Quality Assurance & Compliance
1 4 (66.67%) EMIR
1 4 (66.67%) Dodd-Frank