The first table below looks at the demand 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 22 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance category for the City of London region.

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
22 Jul 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 189 214 220
Rank change year-on-year
+25 +6
Contract jobs citing MiFID 6 4 1
As % of all contract IT jobs located in the City of London 0.10% 0.056% 0.013%
As % of the Quality Assurance & Compliance category 1.27% 0.64% 0.14%
Number of daily rates quoted 6 2 1
Average daily rate
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£481 £600 £500
Average daily rate % change year-on-year
-19.91% +20.00%
UK excluding London average daily rate £550 £375 £400
% change year-on-year
+46.66% -6.25%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Quality Assurance & Compliance Category
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
473 622 700
As % of all contract IT jobs located in the City of London 8.26% 8.75% 8.96%
Number of daily rates quoted 337 461 491
Average daily rate £486 £475 £475
Average daily rate % change year-on-year
+2.31% -
90% offered a daily rate of more than £300 £313 £300
10% offered a daily rate of more than £600 £625 £650
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 5 9 19
Average hourly rate £20.00 £27.50 £19.00
Average hourly rate % change year-on-year
-27.27% +44.73%
90% offered a hourly rate of more than £11.55 £13.97 £13.50
10% offered a hourly rate of more than £33.10 £61.40 £32.40
UK excluding London average hourly rate £20.06 £17.50 £18.00
% change year-on-year
+14.64% -2.77%
MiFID
London

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 22 July 2014.

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 22 July 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 9 (60.00%) Banking
1 9 (60.00%) EMIR
2 6 (40.00%) Finance
3 5 (33.33%) Foreign Exchange (FX)
3 5 (33.33%) Asset Management
3 5 (33.33%) Derivative
3 5 (33.33%) Hedge funds
4 4 (26.67%) Dodd-Frank
4 4 (26.67%) Investment Banking
5 3 (20.00%) Wealth Management
5 3 (20.00%) ISEB
5 3 (20.00%) Agile Software Development
5 3 (20.00%) FATCA
6 2 (13.33%) Business Transformation
6 2 (13.33%) AIFMD
6 2 (13.33%) SQL
6 2 (13.33%) Stakeholder Management
6 2 (13.33%) Change Management
6 2 (13.33%) Business Analysis
7 1 (6.67%) Equities
7 1 (6.67%) Programme Management
7 1 (6.67%) Decision Table
7 1 (6.67%) GoldenSource
7 1 (6.67%) Use Case
7 1 (6.67%) Reference Data
7 1 (6.67%) Pega
7 1 (6.67%) GAP Analysis
7 1 (6.67%) Front Office
7 1 (6.67%) Back Office
7 1 (6.67%) Workflow

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

For the 6 months to 22 July 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 1 (6.67%) MS Visio
General
1 9 (60.00%) Banking
2 6 (40.00%) Finance
3 4 (26.67%) Investment Banking
4 1 (6.67%) Front Office
4 1 (6.67%) Back Office
4 1 (6.67%) Legal
Job Titles
1 11 (73.33%) Business Analyst
1 11 (73.33%) Analyst
2 4 (26.67%) Banking Business Analyst
3 2 (13.33%) FX Business Analyst
3 2 (13.33%) Project Manager
3 2 (13.33%) Senior Business Analyst
3 2 (13.33%) Senior Analyst
4 1 (6.67%) Business Consultant
4 1 (6.67%) MiFID Project Manager
4 1 (6.67%) MiFID Consultant
4 1 (6.67%) Consultant
4 1 (6.67%) Compliance Analyst
Miscellaneous
1 5 (33.33%) Foreign Exchange (FX)
1 5 (33.33%) Derivative
1 5 (33.33%) Hedge funds
2 1 (6.67%) Equities
2 1 (6.67%) Reference Data
2 1 (6.67%) Fixed Income
Processes & Methodologies
1 5 (33.33%) Asset Management
2 3 (20.00%) Wealth Management
2 3 (20.00%) Agile Software Development
3 2 (13.33%) Business Transformation
3 2 (13.33%) Stakeholder Management
3 2 (13.33%) Change Management
3 2 (13.33%) Business Analysis
4 1 (6.67%) Programme Management
4 1 (6.67%) Decision Table
4 1 (6.67%) Use Case
4 1 (6.67%) GAP Analysis
4 1 (6.67%) Workflow
4 1 (6.67%) Project Management
4 1 (6.67%) Portfolio Management
Programming Languages
1 2 (13.33%) SQL
Qualifications
1 3 (20.00%) ISEB
Quality Assurance & Compliance
1 9 (60.00%) EMIR
2 4 (26.67%) Dodd-Frank
3 3 (20.00%) FATCA
4 2 (13.33%) AIFMD
5 1 (6.67%) Sarbanes-Oxley
Vendors
1 1 (6.67%) GoldenSource
1 1 (6.67%) Pega
City, London
Aston Carter
Rate: £500 - £600 per day
Posted: 6 days ago