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 28 August 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
28 Aug 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 551 522 555
Rank change year-on-year
-29 +33
Contract jobs citing MiFID 27 40 14
As % of all contract IT jobs located in England 0.054% 0.083% 0.026%
As % of the Quality Assurance & Compliance category 0.67% 1.11% 0.33%
Number of daily rates quoted 24 33 10
Average daily rate
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of your Daily Rate
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£600 £750 £525
Average daily rate % change year-on-year
-20.00% +42.85%
90% offered a daily rate of more than £473 £600 £500
10% offered a daily rate of more than £739 £930 £700
UK excluding London average daily rate £110 £950 -
% change year-on-year
-88.42% -
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
4058 3610 4255
As % of all contract IT jobs located in England 8.06% 7.51% 8.02%
Number of daily rates quoted 2494 2170 2386
Average daily rate £410 £425 £425
Average daily rate % change year-on-year
-3.52% -
90% offered a daily rate of more than £230 £265 £245
10% offered a daily rate of more than £550 £625 £600
UK excluding London average daily rate £375 £360 £360
% change year-on-year
+4.16% -
Number of hourly rates quoted 186 147 215
Average hourly rate £19.50 £17.50 £21.50
Average hourly rate % change year-on-year
+11.42% -18.60%
90% offered a hourly rate of more than £12.00 £11.00 £12.42
10% offered a hourly rate of more than £42.60 £37.50 £40.80
UK excluding London average hourly rate £19.50 £17.50 £21.25
% change year-on-year
+11.42% -17.64%

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 28 August 2014.

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 28 August 2014. 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 -7 24 £613 -16.94% 10
MiFID
UK

MiFID
Top 30 Related IT Skills in England

For the 6 months to 28 August 2014, 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 37 (64.91%) EMIR
2 36 (63.16%) Banking
3 27 (47.37%) Finance
4 20 (35.09%) Dodd-Frank
4 20 (35.09%) Investment Banking
5 12 (21.05%) Business Analysis
5 12 (21.05%) Derivative
6 10 (17.54%) Risk Management
6 10 (17.54%) SQL
7 9 (15.79%) SAP
7 9 (15.79%) ERP
7 9 (15.79%) Murex
7 9 (15.79%) OpenLink
7 9 (15.79%) Endur
7 9 (15.79%) Brady
7 9 (15.79%) Dynamics NAV
7 9 (15.79%) Dynamics AX
7 9 (15.79%) ZaiNet
7 9 (15.79%) SAP Oil and Gas
7 9 (15.79%) ETRM
7 9 (15.79%) Triple Point
7 9 (15.79%) OpenLink RightAngle
7 9 (15.79%) Aligne
8 8 (14.04%) Stakeholder Management
8 8 (14.04%) Project Management
9 7 (12.28%) Foreign Exchange (FX)
9 7 (12.28%) FATCA
10 6 (10.53%) PRINCE2
10 6 (10.53%) SQL Server
10 6 (10.53%) Back Office

MiFID
Top Related IT Skills in England by Category

For the 6 months to 28 August 2014, 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 (1.75%) SAS
Applications
1 2 (3.51%) MS PowerPoint
2 1 (1.75%) MS Visio
Business Applications
1 9 (15.79%) Endur
1 9 (15.79%) ZaiNet
1 9 (15.79%) SAP Oil and Gas
1 9 (15.79%) Dynamics NAV
1 9 (15.79%) Dynamics AX
1 9 (15.79%) OpenLink RightAngle
1 9 (15.79%) Aligne
Database & Business Intelligence
1 6 (10.53%) SQL Server
Development Applications
1 2 (3.51%) Toad
General
1 36 (63.16%) Banking
2 27 (47.37%) Finance
3 20 (35.09%) Investment Banking
4 6 (10.53%) Back Office
5 2 (3.51%) French Language
5 2 (3.51%) Legal
5 2 (3.51%) Front Office
6 1 (1.75%) Financial Institution
6 1 (1.75%) Manufacturing
6 1 (1.75%) Corporate Banking
6 1 (1.75%) Dutch Language
Job Titles
1 35 (61.40%) Analyst
2 30 (52.63%) Business Analyst
3 15 (26.32%) Project Manager
4 5 (8.77%) Consultant
4 5 (8.77%) Banking Business Analyst
4 5 (8.77%) Compliance Analyst
5 3 (5.26%) Customer Analyst
5 3 (5.26%) Architect
6 2 (3.51%) Senior Manager
6 2 (3.51%) Senior Business Analyst
6 2 (3.51%) Senior Analyst
6 2 (3.51%) Data Analyst
6 2 (3.51%) Senior Project Manager
6 2 (3.51%) Technical Analyst
6 2 (3.51%) Business Consultant
6 2 (3.51%) Investment Banking Business Analyst
6 2 (3.51%) Business Project Manager
6 2 (3.51%) Technical Business Analyst
6 2 (3.51%) Business Manager
6 2 (3.51%) Compliance Consultant
Libraries, Frameworks & Software Standards
1 1 (1.75%) .NET
1 1 (1.75%) .NET Framework
Miscellaneous
1 12 (21.05%) Derivative
2 7 (12.28%) Foreign Exchange (FX)
3 4 (7.02%) Hedge funds
4 3 (5.26%) Reference Data
5 2 (3.51%) Fixed Income
5 2 (3.51%) Equities
6 1 (1.75%) Credit Derivative
6 1 (1.75%) PMI
Processes & Methodologies
1 12 (21.05%) Business Analysis
2 10 (17.54%) Risk Management
3 9 (15.79%) ERP
3 9 (15.79%) ETRM
4 8 (14.04%) Project Management
4 8 (14.04%) Stakeholder Management
5 6 (10.53%) PRINCE2
6 5 (8.77%) Change Management
6 5 (8.77%) Migration
7 4 (7.02%) Agile Software Development
7 4 (7.02%) Asset Management
7 4 (7.02%) Data Migration
7 4 (7.02%) Wealth Management
8 3 (5.26%) Use Case
8 3 (5.26%) Stakeholder Engagement
8 3 (5.26%) Validation
8 3 (5.26%) Data Modelling
9 2 (3.51%) UML
9 2 (3.51%) GAP Analysis
9 2 (3.51%) Programme Management
Programming Languages
1 10 (17.54%) SQL
2 1 (1.75%) VBA
Qualifications
1 5 (8.77%) ISEB
2 4 (7.02%) Degree
3 3 (5.26%) PRINCE2 Certification
4 2 (3.51%) PMI Certification
5 1 (1.75%) PMP
5 1 (1.75%) IIBA
5 1 (1.75%) CBAP
Quality Assurance & Compliance
1 37 (64.91%) EMIR
2 20 (35.09%) Dodd-Frank
3 7 (12.28%) FATCA
4 2 (3.51%) Basel III
4 2 (3.51%) Sarbanes-Oxley
5 1 (1.75%) Basel II
5 1 (1.75%) AIFMD
5 1 (1.75%) CRD IV
Vendors
1 9 (15.79%) OpenLink
1 9 (15.79%) Brady
1 9 (15.79%) SAP
1 9 (15.79%) Murex
1 9 (15.79%) Triple Point
2 2 (3.51%) Business Objects
3 1 (1.75%) Informatica
3 1 (1.75%) GoldenSource
3 1 (1.75%) Pega
City of London
Huxley Associates
Rate: £600 - £750 per day + competitive
Posted: 6 days ago
City of London
Orgtel
Rate: £525 - £585 per day
Posted: 7 days ago
London
Interquest - ITQ Financial - Tunbridge Wells
Rate: £550 - £600 per day
Posted: 13 days ago
London
Hays IT - Uk Posting account
Rate: £400.00 - £450.00 per day
Posted: 14 days ago
City of London
Huxley Associates
Rate: £550 - £650 per day + competitive
Posted: 15 days ago