The first table below looks at the demand 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 1 August 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 England 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
1 Aug 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 539 518 557
Rank change year-on-year
-21 +39
Contract jobs citing MiFID 14 31 13
As % of all contract IT jobs located in England 0.028% 0.067% 0.025%
As % of the Quality Assurance & Compliance category 0.36% 0.86% 0.32%
Number of daily rates quoted 13 28 9
Average daily rate
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£486 £738 £650
Average daily rate % change year-on-year
-34.10% +13.46%
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
England
Contract IT job ads with a match in the
Quality Assurance & Compliance category
3942 3589 4125
As % of all contract IT jobs located in England 7.99% 7.70% 7.80%
Number of daily rates quoted 2415 2187 2281
Average daily rate £400 £425 £425
Average daily rate % change year-on-year
-5.88% -
90% offered a daily rate of more than £238 £275 £243
10% offered a daily rate of more than £550 £600 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 186 133 220
Average hourly rate £20.00 £19.50 £20.06
Average hourly rate % change year-on-year
+2.56% -2.79%
90% offered a hourly rate of more than £12.90 £11.00 £12.08
10% offered a hourly rate of more than £42.60 £40.00 £40.00
UK excluding London average hourly rate £20.10 £17.50 £20.00
% change year-on-year
+14.87% -12.50%
MiFID
UK

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 1 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 1 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 -14 11 £538 -27.11% 6
South East - - - -
MiFID
UK

MiFID
Top 30 Related IT Skills in England

For the 6 months to 1 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 32 (65.31%) EMIR
2 27 (55.10%) Banking
3 24 (48.98%) Finance
4 23 (46.94%) Dodd-Frank
5 15 (30.61%) Investment Banking
6 12 (24.49%) Business Analysis
7 11 (22.45%) Derivative
8 9 (18.37%) Project Management
9 7 (14.29%) Foreign Exchange (FX)
9 7 (14.29%) SQL
9 7 (14.29%) Back Office
10 6 (12.24%) Stakeholder Management
10 6 (12.24%) PRINCE2
10 6 (12.24%) Hedge funds
10 6 (12.24%) FATCA
11 5 (10.20%) Use Case
11 5 (10.20%) ISEB
11 5 (10.20%) Asset Management
11 5 (10.20%) Change Management
12 4 (8.16%) Risk Management
12 4 (8.16%) Agile Software Development
12 4 (8.16%) Degree
12 4 (8.16%) Wealth Management
13 3 (6.12%) Reference Data
13 3 (6.12%) ETRM
13 3 (6.12%) Triple Point
13 3 (6.12%) OpenLink RightAngle
13 3 (6.12%) Aligne
13 3 (6.12%) Portfolio Management
13 3 (6.12%) User Acceptance Testing

MiFID
Top Related IT Skills in England by Category

For the 6 months to 1 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 (2.04%) SAS
Applications
1 2 (4.08%) MS Excel
2 1 (2.04%) MS PowerPoint
Business Applications
1 3 (6.12%) OpenLink RightAngle
1 3 (6.12%) Aligne
1 3 (6.12%) Dynamics NAV
1 3 (6.12%) Dynamics AX
1 3 (6.12%) ZaiNet
1 3 (6.12%) SAP Oil and Gas
1 3 (6.12%) Endur
Database & Business Intelligence
1 1 (2.04%) SQL Server
General
1 27 (55.10%) Banking
2 24 (48.98%) Finance
3 15 (30.61%) Investment Banking
4 7 (14.29%) Back Office
5 2 (4.08%) Financial Institution
5 2 (4.08%) Legal
6 1 (2.04%) Corporate Banking
6 1 (2.04%) Manufacturing
6 1 (2.04%) Front Office
Job Titles
1 30 (61.22%) Analyst
2 23 (46.94%) Business Analyst
3 13 (26.53%) Project Manager
4 5 (10.20%) Compliance Analyst
5 4 (8.16%) Consultant
5 4 (8.16%) Banking Business Analyst
6 3 (6.12%) Customer Analyst
6 3 (6.12%) Senior Business Analyst
6 3 (6.12%) Senior Analyst
7 2 (4.08%) Data Analyst
7 2 (4.08%) Senior Project Manager
7 2 (4.08%) Business Consultant
7 2 (4.08%) Business Manager
7 2 (4.08%) Business Project Manager
7 2 (4.08%) Senior Manager
7 2 (4.08%) MiFID Consultant
7 2 (4.08%) Compliance Consultant
7 2 (4.08%) FX Business Analyst
8 1 (2.04%) MiFID Project Manager
8 1 (2.04%) MiFID Programme Manager
Libraries, Frameworks & Software Standards
1 1 (2.04%) .NET Framework
1 1 (2.04%) .NET
Miscellaneous
1 11 (22.45%) Derivative
2 7 (14.29%) Foreign Exchange (FX)
3 6 (12.24%) Hedge funds
4 3 (6.12%) Reference Data
5 2 (4.08%) Equities
5 2 (4.08%) Fixed Income
6 1 (2.04%) PMI
Processes & Methodologies
1 12 (24.49%) Business Analysis
2 9 (18.37%) Project Management
3 6 (12.24%) Stakeholder Management
3 6 (12.24%) PRINCE2
4 5 (10.20%) Use Case
4 5 (10.20%) Asset Management
4 5 (10.20%) Change Management
5 4 (8.16%) Risk Management
5 4 (8.16%) Agile Software Development
5 4 (8.16%) Wealth Management
6 3 (6.12%) ETRM
6 3 (6.12%) Portfolio Management
6 3 (6.12%) User Acceptance Testing
6 3 (6.12%) ERP
6 3 (6.12%) Validation
7 2 (4.08%) Programme Management
7 2 (4.08%) Workflow
7 2 (4.08%) UML
7 2 (4.08%) Data Modelling
7 2 (4.08%) Decision Table
Programming Languages
1 7 (14.29%) SQL
2 1 (2.04%) VBA
Qualifications
1 5 (10.20%) ISEB
2 4 (8.16%) Degree
3 3 (6.12%) PRINCE2 Certification
4 2 (4.08%) PMI Certification
5 1 (2.04%) IIBA
5 1 (2.04%) CBAP
5 1 (2.04%) PMP
Quality Assurance & Compliance
1 32 (65.31%) EMIR
2 23 (46.94%) Dodd-Frank
3 6 (12.24%) FATCA
4 3 (6.12%) Sarbanes-Oxley
5 2 (4.08%) QA
5 2 (4.08%) AIFMD
6 1 (2.04%) CRD IV
6 1 (2.04%) Basel II
Vendors
1 3 (6.12%) Triple Point
1 3 (6.12%) OpenLink
1 3 (6.12%) Murex
1 3 (6.12%) SAP
1 3 (6.12%) Brady
2 2 (4.08%) Business Objects
3 1 (2.04%) Pega
3 1 (2.04%) Informatica
3 1 (2.04%) GoldenSource
City of London
Huxley Associates
Rate: £750 - £850 per day + competitive
Posted: 3 days ago
London
Interquest - ITQ Financial - Tunbridge Wells
Rate: £550 - £600 per day
Posted: 13 days ago