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 14 February 2016 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
14 Feb 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 437 551 528
Rank change year-on-year
+114 -23
Contract jobs citing MiFID 154 31 37
As % of all contract IT jobs located in England 0.33% 0.067% 0.083%
As % of the Quality Assurance & Compliance category 3.39% 0.71% 0.92%
Number of daily rates quoted 98 23 32
Average daily rate £586 £550 £675
Average daily rate % change year-on-year
+6.59% -18.51%
90% offered a daily rate of more than £429 £265 £370
10% offered a daily rate of more than £708 £645 £850
UK excluding London average daily rate £356 £375 -
% change year-on-year
-5.06% -
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
4546 4389 4029
As % of all contract IT jobs located in England 9.61% 9.43% 9.00%
Number of daily rates quoted 2851 2729 2357
Average daily rate £425 £401 £420
Average daily rate % change year-on-year
+6.11% -4.64%
90% offered a daily rate of more than £273 £225 £250
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £400 £384 £363
% change year-on-year
+4.23% +5.86%
Number of hourly rates quoted 178 153 156
Average hourly rate £42.00 £22.50 £17.00
Average hourly rate % change year-on-year
+86.66% +32.35%
90% offered a hourly rate of more than £14.08 £10.95 £10.59
10% offered a hourly rate of more than £56.00 £52.55 £43.54
UK excluding London average hourly rate £42.75 £22.50 £17.15
% change year-on-year
+90.00% +31.19%

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 14 February 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 average contractor rates quoted in IT jobs citing MiFID within the England region over the 3 months to 14 February 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
(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 +123 151 £588 +6.81% 41
Yorkshire - 1 £356 -
South East - 1 - - 1
West Midlands - 1 - - 1
MiFID
UK

MiFID
Top 30 Related IT Skills in England

For the 6 months to 14 February 2016, 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.

1 187 (50.27%) Banking
2 174 (46.77%) Finance
3 156 (41.94%) EMIR
4 128 (34.41%) Investment Banking
5 114 (30.65%) Dodd-Frank
6 91 (24.46%) Business Analysis
7 83 (22.31%) Derivative
8 78 (20.97%) Front Office
9 72 (19.35%) Project Management
10 63 (16.94%) Asset Management
11 53 (14.25%) Stakeholder Management
12 43 (11.56%) Back Office
13 42 (11.29%) SQL
13 42 (11.29%) AIFMD
14 41 (11.02%) SDLC
15 40 (10.75%) Equities
16 36 (9.68%) FATCA
17 35 (9.41%) Analytical Skills
18 34 (9.14%) Legal
19 30 (8.06%) GAP Analysis
19 30 (8.06%) Foreign Exchange (FX)
20 29 (7.80%) Degree
20 29 (7.80%) Hedge funds
21 28 (7.53%) Fixed Income
22 27 (7.26%) Algorithmic Trading
22 27 (7.26%) Change Management
23 26 (6.99%) QA
23 26 (6.99%) Agile Software Development
24 25 (6.72%) Calypso
25 24 (6.45%) Murex

MiFID
Top Related IT Skills in England by Category

For the 6 months to 14 February 2016, 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.

Applications
1 9 (2.42%) MS PowerPoint
2 7 (1.88%) MS Office
3 6 (1.61%) MS Visio
4 5 (1.34%) MS Excel
5 3 (0.81%) MS Project
6 1 (0.27%) Spreadsheet
Business Applications
1 22 (5.91%) Summit
2 1 (0.27%) Eagle PACE
2 1 (0.27%) Endur
2 1 (0.27%) Global One
2 1 (0.27%) ION MarketView
2 1 (0.27%) Loan IQ
2 1 (0.27%) Markit EDM
2 1 (0.27%) SimCorp Dimension
2 1 (0.27%) Temenos T24
Communications & Networking
1 2 (0.54%) HTTPS
2 1 (0.27%) Multicast
2 1 (0.27%) TCP/IP
Database & Business Intelligence
1 6 (1.61%) Data Warehouse
2 5 (1.34%) Relational Database
3 3 (0.81%) RDBMS
3 3 (0.81%) SQL Server
4 2 (0.54%) BusinessObjects
4 2 (0.54%) Oracle Reports
5 1 (0.27%) Big Data
5 1 (0.27%) Crystal Reports
5 1 (0.27%) Data Mining
5 1 (0.27%) OLTP
5 1 (0.27%) QlikView
5 1 (0.27%) SQL Server 2008
5 1 (0.27%) SQL Server 2012
Development Applications
1 3 (0.81%) FitNesse
1 3 (0.81%) JIRA
2 2 (0.54%) Ant
2 2 (0.54%) Gradle
2 2 (0.54%) JUnit
2 2 (0.54%) Rational Rose
3 1 (0.27%) Cucumber
3 1 (0.27%) HP UFT
3 1 (0.27%) JBehave
3 1 (0.27%) MSTest
3 1 (0.27%) NUnit
3 1 (0.27%) Selenium
3 1 (0.27%) Visual Studio
General
1 187 (50.27%) Banking
2 174 (46.77%) Finance
3 128 (34.41%) Investment Banking
4 78 (20.97%) Front Office
5 43 (11.56%) Back Office
6 34 (9.14%) Legal
7 10 (2.69%) Retail
8 7 (1.88%) Private Banking
8 7 (1.88%) Wholesale Banking
9 6 (1.61%) Financial Institution
10 4 (1.08%) Electronics
10 4 (1.08%) Games
10 4 (1.08%) Retail Banking
11 3 (0.81%) International Banking
11 3 (0.81%) Telecoms
12 2 (0.54%) Corporate Banking
13 1 (0.27%) Advertising
13 1 (0.27%) French Language
13 1 (0.27%) Law
13 1 (0.27%) Marketing
Job Titles
1 228 (61.29%) Analyst
2 226 (60.75%) Business Analyst
3 115 (30.91%) MiFID Business Analyst
4 93 (25.00%) Project Manager
5 72 (19.35%) Regulatory Business Analyst
6 43 (11.56%) Banking Analyst
7 39 (10.48%) Report Analyst
8 36 (9.68%) MiFID Project Manager
9 34 (9.14%) Investment Banking Business Analyst
10 28 (7.53%) Regulatory Reporting Business Analyst
11 27 (7.26%) Senior Analyst
11 27 (7.26%) Senior Business Analyst
12 26 (6.99%) IT Analyst
12 26 (6.99%) IT Business Analyst
13 25 (6.72%) Business IT Analyst
14 24 (6.45%) Project Analyst
15 21 (5.65%) Programme Manager
16 20 (5.38%) Business Manager
16 20 (5.38%) Consultant
17 19 (5.11%) Business Project Manager
Libraries, Frameworks & Software Standards
1 9 (2.42%) XML
2 7 (1.88%) .NET
3 6 (1.61%) FpML
4 5 (1.34%) ASP.NET
5 4 (1.08%) ASP.NET MVC
6 3 (0.81%) WCF
7 2 (0.54%) .NET Framework
7 2 (0.54%) EJB
7 2 (0.54%) JMS
7 2 (0.54%) REST
7 2 (0.54%) Web Services
8 1 (0.27%) AngularJS
8 1 (0.27%) ASP.NET MVC 4
8 1 (0.27%) ASP.NET MVC 5
8 1 (0.27%) ASP.NET Web API
8 1 (0.27%) Gherkin
8 1 (0.27%) Ninject
8 1 (0.27%) React
8 1 (0.27%) Spring Integration
8 1 (0.27%) Twitter Bootstrap
Miscellaneous
1 83 (22.31%) Derivative
2 40 (10.75%) Equities
3 35 (9.41%) Analytical Skills
4 30 (8.06%) Foreign Exchange (FX)
5 29 (7.80%) Hedge funds
6 28 (7.53%) Fixed Income
7 24 (6.45%) Market Risk
8 16 (4.30%) Computer Science
9 9 (2.42%) Equity Derivative
10 8 (2.15%) Statistics
11 7 (1.88%) User Experience
12 6 (1.61%) Reference Data
13 4 (1.08%) Economics
13 4 (1.08%) Management Information System
14 3 (0.81%) SWIFT
15 2 (0.54%) Enterprise Software
15 2 (0.54%) Fintech
15 2 (0.54%) Mathematics
15 2 (0.54%) Reinsurance
16 1 (0.27%) Cybercrime
Operating Systems
1 7 (1.88%) Linux
2 2 (0.54%) Unix
3 1 (0.27%) Solaris
3 1 (0.27%) Windows
Processes & Methodologies
1 91 (24.46%) Business Analysis
2 72 (19.35%) Project Management
3 63 (16.94%) Asset Management
4 53 (14.25%) Stakeholder Management
5 41 (11.02%) SDLC
6 30 (8.06%) GAP Analysis
7 27 (7.26%) Algorithmic Trading
7 27 (7.26%) Change Management
8 26 (6.99%) Agile Software Development
9 21 (5.65%) Fund Management
10 20 (5.38%) Investment Management
10 20 (5.38%) PRINCE2
11 17 (4.57%) Target Operating Model
12 16 (4.30%) Data Modelling
12 16 (4.30%) User Acceptance Testing
13 14 (3.76%) Validation
14 12 (3.23%) Waterfall
15 10 (2.69%) Collateral Management
15 10 (2.69%) Requirements Analysis
15 10 (2.69%) Wealth Management
Programming Languages
1 42 (11.29%) SQL
2 19 (5.11%) Java
3 8 (2.15%) C#
4 7 (1.88%) C++
4 7 (1.88%) Perl
4 7 (1.88%) Python
5 6 (1.61%) Bash Shell
6 3 (0.81%) C
6 3 (0.81%) VB
7 1 (0.27%) JavaScript
7 1 (0.27%) PL/SQL
7 1 (0.27%) Scala
7 1 (0.27%) T-SQL
7 1 (0.27%) VBA
Qualifications
1 29 (7.80%) Degree
2 4 (1.08%) ISEB
3 3 (0.81%) PRINCE2 Certification
4 2 (0.54%) CBAP
4 2 (0.54%) PMI Certification
4 2 (0.54%) PMP
5 1 (0.27%) APMP
5 1 (0.27%) ISTQB
5 1 (0.27%) ISTQB Advanced Certification
Quality Assurance & Compliance
1 156 (41.94%) EMIR
2 114 (30.65%) Dodd-Frank
3 42 (11.29%) AIFMD
4 36 (9.68%) FATCA
5 26 (6.99%) QA
6 12 (3.23%) UCITS
7 9 (2.42%) Solvency II
8 7 (1.88%) Basel II
8 7 (1.88%) CRD IV
9 5 (1.34%) Basel III
10 2 (0.54%) SLA
11 1 (0.27%) ISO20022
Systems Management
1 1 (0.27%) Control-M
1 1 (0.27%) HP Quality Center
Vendors
1 25 (6.72%) Calypso
2 24 (6.45%) Murex
3 14 (3.76%) Oracle
4 9 (2.42%) Microsoft
5 4 (1.08%) Fidessa
6 3 (0.81%) Avaloq
6 3 (0.81%) Temenos
7 2 (0.54%) Bloomberg
8 1 (0.27%) FactSet
8 1 (0.27%) Informatica
8 1 (0.27%) ION Trading
8 1 (0.27%) OpenLink
8 1 (0.27%) Reuters
8 1 (0.27%) Sencha
8 1 (0.27%) SimCorp
8 1 (0.27%) Sophis
8 1 (0.27%) Wall Street Systems
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