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 21 October 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
21 Oct 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 196 221 215
Rank change year-on-year
+25 -6
Contract jobs citing MiFID 6 3 4
As % of all contract IT jobs located in the City of London 0.10% 0.041% 0.054%
As % of the Quality Assurance & Compliance category 1.26% 0.53% 0.56%
Number of daily rates quoted 6 2 4
Average daily rate
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£600 £500 £494
Average daily rate % change year-on-year
+20.00% +1.26%
90% offered a daily rate of more than £550 £460 £461
10% offered a daily rate of more than £675 £540 £500
UK excluding London average daily rate £500 £950 -
% change year-on-year
-47.36% -
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
477 561 716
As % of all contract IT jobs located in the City of London 8.03% 7.70% 9.63%
Number of daily rates quoted 347 427 558
Average daily rate £450 £498 £475
Average daily rate % change year-on-year
-9.59% +4.78%
90% offered a daily rate of more than £300 £300 £288
10% offered a daily rate of more than £638 £625 £638
UK excluding London average daily rate £375 £350 £375
% change year-on-year
+7.14% -6.66%
Number of hourly rates quoted 11 8 16
Average hourly rate £16.00 £52.82 £19.00
Average hourly rate % change year-on-year
-69.70% +177.97%
90% offered a hourly rate of more than £12.50 £14.39 £14.25
10% offered a hourly rate of more than £27.50 £67.50 £50.04
UK excluding London average hourly rate £18.50 £17.50 £19.25
% change year-on-year
+5.71% -9.09%

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 21 October 2014.

MiFID Daily Rate Histogram in the City of London

MiFID
Top 28 Related IT Skills in the City of London

For the 6 months to 21 October 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 11 (91.67%) Banking
2 9 (75.00%) Investment Banking
3 8 (66.67%) EMIR
4 7 (58.33%) Dodd-Frank
5 3 (25.00%) SQL
5 3 (25.00%) Foreign Exchange (FX)
5 3 (25.00%) Front Office
5 3 (25.00%) Finance
5 3 (25.00%) Stakeholder Management
6 2 (16.67%) MS PowerPoint
6 2 (16.67%) Agile Software Development
6 2 (16.67%) Wealth Management
7 1 (8.33%) Use Case
7 1 (8.33%) Investment Management
7 1 (8.33%) Reference Data
7 1 (8.33%) Pega
7 1 (8.33%) Hedge funds
7 1 (8.33%) FATCA
7 1 (8.33%) Decision Table
7 1 (8.33%) Business Analysis
7 1 (8.33%) Asset Management
7 1 (8.33%) SQL Server
7 1 (8.33%) Toad
7 1 (8.33%) ISEB
7 1 (8.33%) Back Office
7 1 (8.33%) Workflow
7 1 (8.33%) Programme Management
7 1 (8.33%) Legal

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

For the 6 months to 21 October 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 (16.67%) MS PowerPoint
Database & Business Intelligence
1 1 (8.33%) SQL Server
Development Applications
1 1 (8.33%) Toad
General
1 11 (91.67%) Banking
2 9 (75.00%) Investment Banking
3 3 (25.00%) Front Office
3 3 (25.00%) Finance
4 1 (8.33%) Legal
4 1 (8.33%) Back Office
Job Titles
1 8 (66.67%) Business Analyst
1 8 (66.67%) Analyst
2 2 (16.67%) Business Systems Analyst
2 2 (16.67%) Systems Analyst
2 2 (16.67%) Consultant
2 2 (16.67%) Banking Business Analyst
2 2 (16.67%) Project Consultant
2 2 (16.67%) FX Business Analyst
2 2 (16.67%) Project Manager
3 1 (8.33%) Technical Analyst
3 1 (8.33%) Technical Business Analyst
Miscellaneous
1 3 (25.00%) Foreign Exchange (FX)
2 1 (8.33%) Reference Data
2 1 (8.33%) Hedge funds
Processes & Methodologies
1 3 (25.00%) Stakeholder Management
2 2 (16.67%) Wealth Management
2 2 (16.67%) Agile Software Development
3 1 (8.33%) Asset Management
3 1 (8.33%) Business Analysis
3 1 (8.33%) Decision Table
3 1 (8.33%) Use Case
3 1 (8.33%) Investment Management
3 1 (8.33%) Programme Management
3 1 (8.33%) Workflow
Programming Languages
1 3 (25.00%) SQL
Qualifications
1 1 (8.33%) ISEB
Quality Assurance & Compliance
1 8 (66.67%) EMIR
2 7 (58.33%) Dodd-Frank
3 1 (8.33%) FATCA
Vendors
1 1 (8.33%) Pega
City of London
Huxley Associates
Rate: £550 - £650 per day + competitive
Posted: 3 days ago