The table below looks at the statistics for MiFID skills in IT contracts advertised for the England region. Included is a guide to the average contractor rates offered in IT contracts that have cited MiFID over the 3 months to 31 July 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
31 Jul 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 507 554 527
Rank change year-on-year
+47 -27
Contract jobs citing MiFID 88 16 29
As % of all contract IT jobs located in England 0.17% 0.032% 0.062%
As % of the Quality Assurance & Compliance category 2.10% 0.40% 0.81%
Number of daily rates quoted 68 15 26
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£625 £486 £750
Average daily rate % change year-on-year
+28.60% -35.20%
90% offered a daily rate of more than £493 £110 £600
10% offered a daily rate of more than £758 £655 £875
UK excluding London average daily rate £475 £550 £375
% change year-on-year
-13.63% +46.66%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
MiFID
UK

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 England region.

Quality Assurance & Compliance Category
England
Contract IT job ads with a match in the
Quality Assurance & Compliance category
4186 3954 3575
As % of all contract IT jobs located in England 8.12% 8.01% 7.68%
Number of daily rates quoted 2725 2416 2175
Average daily rate £425 £400 £425
Average daily rate % change year-on-year
+6.25% -5.88%
90% offered a daily rate of more than £250 £240 £275
10% offered a daily rate of more than £600 £550 £600
UK excluding London average daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 158 183 134
Average hourly rate £20.82 £20.00 £19.50
Average hourly rate % change year-on-year
+4.11% +2.56%
90% offered a hourly rate of more than £12.18 £13.00 £11.00
10% offered a hourly rate of more than £47.50 £42.70 £40.50
UK excluding London average hourly rate £21.55 £20.50 £17.50
% change year-on-year
+5.12% +17.14%

MiFID
Jobs Demand Trend in England

This chart provides a 3-month moving total of IT contractor jobs citing MiFID across the England region as a proportion of the total demand within the Quality Assurance & Compliance category.

MiFID Jobs Demand Trend in England

MiFID
Daily Rate Trend in England

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing MiFID across the England region.

MiFID Daily Rate Trend in England

MiFID
Daily Rate Histogram in England

This chart provides a histogram of daily rates quoted in contract IT jobs citing MiFID across the England region over the 3 months to 31 July 2015.

MiFID Daily Rate Histogram in England

MiFID
Hourly Rate Trend in England

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing MiFID across the England region.

MiFID Hourly Rate Trend in England

MiFID
Contract Job Locations in England

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing MiFID within the England region over the 3 months to 31 July 2015. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London +72 87 £625 +16.27% 25
South West -10 1 £450 +309.09%
MiFID
UK

MiFID
Top 30 Related IT Skills in England

For the 6 months to 31 July 2015, IT contractor jobs across the England 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 85 (59.86%) Banking
2 82 (57.75%) EMIR
3 64 (45.07%) Finance
4 61 (42.96%) Dodd-Frank
5 54 (38.03%) Investment Banking
6 46 (32.39%) Front Office
7 33 (23.24%) Stakeholder Management
8 31 (21.83%) Equities
8 31 (21.83%) Fixed Income
9 29 (20.42%) Derivative
10 28 (19.72%) Business Analysis
11 26 (18.31%) Foreign Exchange (FX)
12 24 (16.90%) Project Management
12 24 (16.90%) Asset Management
13 17 (11.97%) SQL
14 15 (10.56%) Scrum
15 13 (9.15%) AIFMD
16 12 (8.45%) Target Operating Model
17 11 (7.75%) MS Excel
17 11 (7.75%) MS Visio
17 11 (7.75%) Investment Management
18 10 (7.04%) Solvency II
18 10 (7.04%) FATCA
18 10 (7.04%) Change Management
19 9 (6.34%) Back Office
19 9 (6.34%) JIRA
19 9 (6.34%) Wealth Management
20 8 (5.63%) Agile Software Development
20 8 (5.63%) Workflow
20 8 (5.63%) ASIC

MiFID
Top Related IT Skills in England by Category

For the 6 months to 31 July 2015, IT contractor jobs across the England 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.

Application Platforms
1 1 (0.70%) SharePoint
Applications
1 11 (7.75%) MS Excel
1 11 (7.75%) MS Visio
2 3 (2.11%) MS PowerPoint
2 3 (2.11%) MS Project
3 1 (0.70%) MS Office
3 1 (0.70%) Open Workbench
Communications & Networking
1 1 (0.70%) DSL
Database & Business Intelligence
1 4 (2.82%) Data Mining
2 2 (1.41%) SQL Server
3 1 (0.70%) Data Warehouse
Development Applications
1 9 (6.34%) JIRA
2 1 (0.70%) Rational Rose
General
1 85 (59.86%) Banking
2 64 (45.07%) Finance
3 54 (38.03%) Investment Banking
4 46 (32.39%) Front Office
5 9 (6.34%) Back Office
6 6 (4.23%) Legal
7 4 (2.82%) Retail
7 4 (2.82%) Private Banking
8 3 (2.11%) Advertising
9 2 (1.41%) Games
9 2 (1.41%) Marketing
10 1 (0.70%) Retail Banking
10 1 (0.70%) Corporate Banking
10 1 (0.70%) Financial Institution
10 1 (0.70%) Telecoms
Job Titles
1 83 (58.45%) Analyst
2 82 (57.75%) Business Analyst
3 42 (29.58%) Project Manager
4 14 (9.86%) Senior Analyst
4 14 (9.86%) Senior Business Analyst
4 14 (9.86%) Banking Business Analyst
5 12 (8.45%) Lead Business Analyst
6 8 (5.63%) MiFID Business Analyst
6 8 (5.63%) MiFID Project Manager
6 8 (5.63%) Project Analyst
7 7 (4.93%) Delivery Manager
7 7 (4.93%) IT Business Analyst
7 7 (4.93%) Development Manager
8 6 (4.23%) Investment Banking Business Analyst
9 5 (3.52%) Business Manager
9 5 (3.52%) Developer
9 5 (3.52%) Business Project Manager
10 3 (2.11%) Contracts Manager
10 3 (2.11%) Senior IT Business Analyst
11 2 (1.41%) Solvency II Business Analyst
Libraries, Frameworks & Software Standards
1 5 (3.52%) FpML
2 2 (1.41%) XML
3 1 (0.70%) Middleware
3 1 (0.70%) FIX Protocol
3 1 (0.70%) .NET
Miscellaneous
1 31 (21.83%) Fixed Income
1 31 (21.83%) Equities
2 29 (20.42%) Derivative
3 26 (18.31%) Foreign Exchange (FX)
4 8 (5.63%) ASIC
5 7 (4.93%) Credit Risk
6 6 (4.23%) Market Risk
7 5 (3.52%) Analytical Skills
8 4 (2.82%) Reference Data
8 4 (2.82%) DTCC
9 3 (2.11%) Hedge funds
9 3 (2.11%) Equity Derivative
10 1 (0.70%) Computer Science
10 1 (0.70%) Interest Rate Derivative
Processes & Methodologies
1 33 (23.24%) Stakeholder Management
2 28 (19.72%) Business Analysis
3 24 (16.90%) Asset Management
3 24 (16.90%) Project Management
4 15 (10.56%) Scrum
5 12 (8.45%) Target Operating Model
6 11 (7.75%) Investment Management
7 10 (7.04%) Change Management
8 9 (6.34%) Wealth Management
9 8 (5.63%) Workflow
9 8 (5.63%) Agile Software Development
10 7 (4.93%) Validation
10 7 (4.93%) Data Analysis
11 6 (4.23%) SDLC
12 5 (3.52%) System Testing
12 5 (3.52%) Fund Management
12 5 (3.52%) Risk Management
13 4 (2.82%) Requirements Management
13 4 (2.82%) User Acceptance Testing
13 4 (2.82%) Electronic Trading
Programming Languages
1 17 (11.97%) SQL
2 3 (2.11%) VBA
2 3 (2.11%) C#
3 2 (1.41%) C++
3 2 (1.41%) Java
3 2 (1.41%) Perl
3 2 (1.41%) Python
3 2 (1.41%) Ruby
Qualifications
1 7 (4.93%) Degree
2 4 (2.82%) ISEB
3 3 (2.11%) IIBA
3 3 (2.11%) CBAP
4 2 (1.41%) PRINCE2 Certification
5 1 (0.70%) CISA
5 1 (0.70%) CISM
Quality Assurance & Compliance
1 82 (57.75%) EMIR
2 61 (42.96%) Dodd-Frank
3 13 (9.15%) AIFMD
4 10 (7.04%) Solvency II
4 10 (7.04%) FATCA
5 2 (1.41%) Sarbanes-Oxley
5 2 (1.41%) QA
6 1 (0.70%) Basel III
6 1 (0.70%) ISO/IEC 27001
6 1 (0.70%) UCITS
Systems Management
1 7 (4.93%) HP Quality Center
Vendors
1 7 (4.93%) HP
2 4 (2.82%) Microsoft
3 3 (2.11%) Fidessa
3 3 (2.11%) Oracle
4 2 (1.41%) Sybase
4 2 (1.41%) Salesforce.com
4 2 (1.41%) Bloomberg
4 2 (1.41%) Actimize
5 1 (0.70%) Wall Street Systems
5 1 (0.70%) Pega
5 1 (0.70%) Informatica
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Rate: £550 - £650 per day
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Rate: £401 - £450 per day
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Rate: £400.00 - £450.00 per day
Posted: 3 days ago
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Rate: £550 - £650 per day
Posted: 4 days ago
City of London
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Rate: £550 - £650 per day + competitive
Posted: 5 days ago
City of London
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Rate: £500 - £525 per day
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