The table below looks at the statistics for MiFID skills in IT contracts advertised for the England region. Included is a guide to the contractor rates offered in IT contracts that have cited MiFID over the 3 months to 31 May 2016 with a comparison to the same period over 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.

3 months to
31 May 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 488 542 564
Rank change year-on-year
+54 +22
Contract jobs citing MiFID 125 63 31
As % of all contract IT jobs located in England 0.25% 0.13% 0.064%
As % of the Quality Assurance & Compliance category 2.80% 1.36% 0.68%
Number of daily rates quoted 95 53 25
Median daily rate £525 £625 £525
Median daily rate % change year-on-year
-16.00% +19.04%
90% offered a daily rate of more than £330 £550 £306
10% offered a daily rate of more than £675 £750 £675
UK excluding London median daily rate £525 £400 £650
% change year-on-year
+31.25% -38.46%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
4472 4637 4559
As % of all contract IT jobs located in England 9.08% 9.41% 9.39%
Number of daily rates quoted 2895 2999 2822
Median daily rate £430 £420 £413
Median daily rate % change year-on-year
+2.26% +1.81%
90% offered a daily rate of more than £270 £263 £250
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £400 £375 £365
% change year-on-year
+6.66% +2.73%
Number of hourly rates quoted 187 152 208
Median hourly rate £24.00 £21.55 £21.50
Median hourly rate % change year-on-year
+11.36% +0.23%
90% offered a hourly rate of more than £11.64 £12.18 £11.91
10% offered a hourly rate of more than £47.50 £56.00 £45.00
UK excluding London median hourly rate £27.62 £25.00 £21.00
% change year-on-year
+10.48% +19.04%

MiFID
Jobs Demand Trend in England

The demand trend of contract jobs across the England region citing MiFID as a proportion of all IT contracts with a match in 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 May 2016.

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 median contractor rates quoted in IT jobs citing MiFID within the England region over the 3 months to 31 May 2016. 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London +56 111 £550 -12.00% 23
South East - 12 £538 -
Yorkshire - 2 £350 -
MiFID
UK

MiFID
Top 30 Related IT Skills in England

For the 6 months to 31 May 2016, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the England region with a requirement for MiFID.

1 138 (51.69%) Banking
2 129 (48.31%) Finance
3 84 (31.46%) Investment Banking
4 81 (30.34%) EMIR
5 70 (26.22%) Dodd-Frank
6 57 (21.35%) Front Office
7 51 (19.10%) Project Management
8 50 (18.73%) Business Analysis
9 49 (18.35%) Stakeholder Management
10 47 (17.60%) Asset Management
11 42 (15.73%) Derivative
12 39 (14.61%) Agile Software Development
13 34 (12.73%) SDLC
14 30 (11.24%) SQL
15 29 (10.86%) FATCA
16 27 (10.11%) Analytical Skills
16 27 (10.11%) Equities
17 26 (9.74%) Degree
18 24 (8.99%) Investment Management
18 24 (8.99%) Back Office
19 22 (8.24%) Fixed Income
20 21 (7.87%) User Acceptance Testing
20 21 (7.87%) Hedge funds
20 21 (7.87%) AIFMD
21 20 (7.49%) Foreign Exchange (FX)
22 19 (7.12%) Change Management
23 18 (6.74%) PRINCE2
24 17 (6.37%) UCITS
24 17 (6.37%) Computer Science
24 17 (6.37%) Legal

MiFID
Top Related IT Skills in England by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 7 (2.62%) Skype for Business
2 2 (0.75%) SharePoint
3 1 (0.37%) IBM Notes
Applications
1 12 (4.49%) MS Office
2 10 (3.75%) MS PowerPoint
3 9 (3.37%) MS Excel
4 5 (1.87%) MS Visio
5 2 (0.75%) MS Project
Business Applications
1 11 (4.12%) Summit
2 2 (0.75%) ION MarketView
3 1 (0.37%) Eagle PACE
3 1 (0.37%) Markit EDM
3 1 (0.37%) Oracle Procure-to-Pay
3 1 (0.37%) Temenos T24
Communications & Networking
1 6 (2.25%) PBX
2 3 (1.12%) HTTP
3 2 (0.75%) Firewall
3 2 (0.75%) HTTPS
3 2 (0.75%) Multicast
3 2 (0.75%) SNMP
3 2 (0.75%) TCP/IP
4 1 (0.37%) BGP
4 1 (0.37%) Cisco IOS
4 1 (0.37%) EIGRP
4 1 (0.37%) Ethernet
4 1 (0.37%) Extranet
4 1 (0.37%) Internet
4 1 (0.37%) IPsec
4 1 (0.37%) Junos
4 1 (0.37%) LAN
4 1 (0.37%) MPLS
4 1 (0.37%) OSPF
4 1 (0.37%) VPN
4 1 (0.37%) WAN
Database & Business Intelligence
1 7 (2.62%) SQL Server
2 6 (2.25%) Data Warehouse
3 3 (1.12%) Oracle Reports
3 3 (1.12%) QlikView
3 3 (1.12%) Relational Database
3 3 (1.12%) SQL Server 2008
4 2 (0.75%) SQL Server 2012
5 1 (0.37%) Big Data
5 1 (0.37%) BusinessObjects
5 1 (0.37%) Crystal Reports
5 1 (0.37%) NoSQL
5 1 (0.37%) OLTP
5 1 (0.37%) RDBMS
5 1 (0.37%) SQL Server Integration Services
5 1 (0.37%) SQL Server Reporting Services
Development Applications
1 4 (1.50%) Visual Studio Tools for Office
2 3 (1.12%) Team Foundation Server
3 2 (0.75%) Cucumber
3 2 (0.75%) Selenium
3 2 (0.75%) Subversion
4 1 (0.37%) MSTest
4 1 (0.37%) NUnit
4 1 (0.37%) TeamCity
4 1 (0.37%) Visual Studio
General
1 138 (51.69%) Banking
2 129 (48.31%) Finance
3 84 (31.46%) Investment Banking
4 57 (21.35%) Front Office
5 24 (8.99%) Back Office
6 17 (6.37%) Legal
7 12 (4.49%) Retail
8 7 (2.62%) Private Banking
9 5 (1.87%) Retail Banking
10 4 (1.50%) Electronics
10 4 (1.50%) Financial Institution
10 4 (1.50%) French Language
10 4 (1.50%) Marketing
11 2 (0.75%) International Banking
12 1 (0.37%) Advertising
12 1 (0.37%) German Language
12 1 (0.37%) Law
12 1 (0.37%) Pharmaceutical
12 1 (0.37%) Wholesale Banking
Job Titles
1 145 (54.31%) Analyst
2 132 (49.44%) Business Analyst
3 67 (25.09%) Project Manager
4 63 (23.60%) MiFID Business Analyst
5 47 (17.60%) Regulatory Business Analyst
6 31 (11.61%) Banking Analyst
7 26 (9.74%) MiFID Project Manager
8 23 (8.61%) Report Analyst
9 21 (7.87%) Programme Manager
10 20 (7.49%) Business IT Analyst
10 20 (7.49%) IT Analyst
10 20 (7.49%) IT Business Analyst
11 18 (6.74%) Regulatory Reporting Business Analyst
12 17 (6.37%) Project Analyst
13 15 (5.62%) Senior Manager
14 14 (5.24%) Investment Banking Business Analyst
14 14 (5.24%) MiFID Programme Manager
14 14 (5.24%) Senior Business Analyst
14 14 (5.24%) Senior Project Manager
15 13 (4.87%) Banking Business Analyst
Libraries, Frameworks & Software Standards
1 14 (5.24%) XML
2 13 (4.87%) .NET
3 9 (3.37%) Web Services
4 5 (1.87%) FIXML
4 5 (1.87%) WPF
5 4 (1.50%) .NET Framework
5 4 (1.50%) ASP.NET
5 4 (1.50%) ASP.NET MVC
5 4 (1.50%) OOXML
5 4 (1.50%) WinForms
6 3 (1.12%) FIX Protocol
6 3 (1.12%) FpML
6 3 (1.12%) WCF
7 2 (0.75%) AngularJS
7 2 (0.75%) HTML
7 2 (0.75%) Middleware
8 1 (0.37%) CSS
8 1 (0.37%) JSON
8 1 (0.37%) Spring
8 1 (0.37%) XML Schema
Miscellaneous
1 42 (15.73%) Derivative
2 27 (10.11%) Analytical Skills
2 27 (10.11%) Equities
3 22 (8.24%) Fixed Income
4 21 (7.87%) Hedge funds
5 20 (7.49%) Foreign Exchange (FX)
6 17 (6.37%) Computer Science
7 13 (4.87%) Market Risk
8 11 (4.12%) Equity Derivative
8 11 (4.12%) Management Information System
9 6 (2.25%) Economics
10 5 (1.87%) Reference Data
10 5 (1.87%) SWIFT
11 3 (1.12%) Fintech
11 3 (1.12%) OTC Derivatives
11 3 (1.12%) Statistics
12 2 (0.75%) Data Centre
12 2 (0.75%) Data Integration
12 2 (0.75%) Mathematics
13 1 (0.37%) Data Extraction
Operating Systems
1 6 (2.25%) Windows
2 5 (1.87%) Linux
2 5 (1.87%) Unix
3 3 (1.12%) Windows 7
4 2 (0.75%) Solaris
5 1 (0.37%) AIX
5 1 (0.37%) Oracle Linux
5 1 (0.37%) Red Hat Enterprise Linux
Processes & Methodologies
1 51 (19.10%) Project Management
2 50 (18.73%) Business Analysis
3 49 (18.35%) Stakeholder Management
4 47 (17.60%) Asset Management
5 39 (14.61%) Agile Software Development
6 34 (12.73%) SDLC
7 24 (8.99%) Investment Management
8 21 (7.87%) User Acceptance Testing
9 19 (7.12%) Change Management
10 18 (6.74%) PRINCE2
11 16 (5.99%) GAP Analysis
12 15 (5.62%) Stakeholder Engagement
13 13 (4.87%) Algorithmic Trading
14 12 (4.49%) Electronic Trading
15 11 (4.12%) Data Analysis
16 10 (3.75%) Data Management
17 9 (3.37%) Data Modelling
17 9 (3.37%) Data Protection
17 9 (3.37%) Target Operating Model
18 8 (3.00%) Continuous Integration
Programming Languages
1 30 (11.24%) SQL
2 13 (4.87%) C#
3 12 (4.49%) Java
4 5 (1.87%) Perl
4 5 (1.87%) Python
5 4 (1.50%) C++
5 4 (1.50%) VBA
6 3 (1.12%) Bash Shell
7 2 (0.75%) C
7 2 (0.75%) JavaScript
7 2 (0.75%) PL/SQL
7 2 (0.75%) VB
8 1 (0.37%) Ruby
8 1 (0.37%) Scala
Qualifications
1 26 (9.74%) Degree
2 3 (1.12%) PRINCE2 Certification
3 2 (0.75%) ISEB
4 1 (0.37%) CCDA
4 1 (0.37%) CCIE
4 1 (0.37%) CCNP
4 1 (0.37%) Cisco Certification
4 1 (0.37%) ISTQB
4 1 (0.37%) MBA
4 1 (0.37%) PMI Certification
Quality Assurance & Compliance
1 81 (30.34%) EMIR
2 70 (26.22%) Dodd-Frank
3 29 (10.86%) FATCA
4 21 (7.87%) AIFMD
5 17 (6.37%) UCITS
6 14 (5.24%) QA
7 3 (1.12%) Basel II
7 3 (1.12%) Basel III
7 3 (1.12%) CRD IV
8 2 (0.75%) BS25999
8 2 (0.75%) COBIT
8 2 (0.75%) COSO
8 2 (0.75%) ISO/IEC 27001
8 2 (0.75%) Solvency II
9 1 (0.37%) Data Quality
9 1 (0.37%) ISO20022
9 1 (0.37%) SLA
System Software
1 1 (0.37%) Veritas Cluster Server
1 1 (0.37%) VMware Infrastructure
Systems Management
1 1 (0.37%) Control-M
1 1 (0.37%) HP Quality Center
Vendors
1 15 (5.62%) Microsoft
1 15 (5.62%) Oracle
2 13 (4.87%) Calypso
3 12 (4.49%) Murex
4 5 (1.87%) Bloomberg
5 4 (1.50%) ION Trading
6 3 (1.12%) Avaloq
6 3 (1.12%) Fidessa
6 3 (1.12%) Sophis
6 3 (1.12%) Temenos
7 2 (0.75%) Cisco
7 2 (0.75%) Sybase
7 2 (0.75%) Wall Street Systems
8 1 (0.37%) Informatica
8 1 (0.37%) Juniper
8 1 (0.37%) Lotus
8 1 (0.37%) Red Hat
8 1 (0.37%) Reuters
8 1 (0.37%) SAP
8 1 (0.37%) Veritas
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