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 18 April 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
18 Apr 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 550 478 560
Rank change year-on-year
-72 +82
Contract jobs citing MiFID 40 25 17
As % of all contract IT jobs located in England 0.078% 0.058% 0.031%
As % of the Quality Assurance & Compliance category 0.98% 0.76% 0.40%
Number of daily rates quoted 31 20 13
Average daily rate £600 £613 £525
Average daily rate % change year-on-year
-2.04% +16.66%
90% offered a daily rate of more than £350 £354 £384
10% offered a daily rate of more than £780 £725 £700
UK excluding London average daily rate £550 £344 -
% change year-on-year
+60.00% -
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
4084 3311 4283
As % of all contract IT jobs located in England 7.96% 7.68% 7.69%
Number of daily rates quoted 2513 1990 2369
Average daily rate £400 £415 £425
Average daily rate % change year-on-year
-3.61% -2.35%
90% offered a daily rate of more than £250 £225 £225
10% offered a daily rate of more than £600 £600 £608
UK excluding London average daily rate £365 £330 £350
% change year-on-year
+10.60% -5.71%
Number of hourly rates quoted 173 134 233
Average hourly rate £19.00 £19.00 £17.00
Average hourly rate % change year-on-year
- +11.76%
90% offered a hourly rate of more than £11.00 £10.58 £11.50
10% offered a hourly rate of more than £47.20 £55.00 £36.40
UK excluding London average hourly rate £18.00 £15.25 £16.43
% change year-on-year
+18.03% -7.15%
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 18 April 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 18 April 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
(Click each for more statistics)
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
Find
Job
Vacancies
London -7 38 £600 -4.00% 7
North West - - - -
MiFID
UK

MiFID
Top 30 Related IT Skills in England

For the 6 months to 18 April 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 48 (64.00%) Banking
2 46 (61.33%) EMIR
3 38 (50.67%) Dodd-Frank
4 37 (49.33%) Finance
5 36 (48.00%) Investment Banking
6 22 (29.33%) Front Office
7 20 (26.67%) Derivative
8 16 (21.33%) BPR
9 15 (20.00%) Back Office
10 12 (16.00%) Legal
11 11 (14.67%) Reference Data
12 10 (13.33%) Root Cause Analysis
12 10 (13.33%) FATCA
12 10 (13.33%) Business Intelligence
13 8 (10.67%) Project Management
13 8 (10.67%) Business Analysis
13 8 (10.67%) Wealth Management
14 7 (9.33%) Analytics
14 7 (9.33%) Stakeholder Management
15 6 (8.00%) Fixed Income
15 6 (8.00%) Equities
15 6 (8.00%) Asset Management
15 6 (8.00%) Hedge funds
16 5 (6.67%) Foreign Exchange (FX)
16 5 (6.67%) PRINCE2
17 4 (5.33%) MS Excel
17 4 (5.33%) ISEB
17 4 (5.33%) Basel II
17 4 (5.33%) Basel III
17 4 (5.33%) Use Case

MiFID
Top Related IT Skills in England by Category

For the 6 months to 18 April 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 (1.33%) Lync
Applications
1 4 (5.33%) MS Excel
2 3 (4.00%) MS Visio
3 1 (1.33%) MS PowerPoint
3 1 (1.33%) MS Office
Business Applications
1 2 (2.67%) Endur
1 2 (2.67%) ZaiNet
1 2 (2.67%) SAP Oil and Gas
1 2 (2.67%) OpenLink RightAngle
1 2 (2.67%) Aligne
1 2 (2.67%) Dynamics NAV
1 2 (2.67%) Dynamics AX
Database & Business Intelligence
1 1 (1.33%) Data Warehouse
General
1 48 (64.00%) Banking
2 37 (49.33%) Finance
3 36 (48.00%) Investment Banking
4 22 (29.33%) Front Office
5 15 (20.00%) Back Office
6 12 (16.00%) Legal
7 2 (2.67%) Financial Institution
8 1 (1.33%) Law
Job Titles
1 40 (53.33%) Analyst
2 36 (48.00%) Business Analyst
3 25 (33.33%) Project Manager
4 13 (17.33%) Banking Business Analyst
5 11 (14.67%) Investment Banking Business Analyst
6 10 (13.33%) Senior Analyst
6 10 (13.33%) Senior Business Analyst
7 6 (8.00%) Senior Project Manager
7 6 (8.00%) Senior Manager
7 6 (8.00%) Consultant
8 4 (5.33%) Project Analyst
9 3 (4.00%) Operations Business Analyst
9 3 (4.00%) Operations Analyst
9 3 (4.00%) Business Process Analyst
9 3 (4.00%) Process Analyst
10 2 (2.67%) Business Consultant
10 2 (2.67%) Business Manager
10 2 (2.67%) MiFID Consultant
10 2 (2.67%) Compliance Analyst
10 2 (2.67%) Compliance Consultant
Miscellaneous
1 20 (26.67%) Derivative
2 11 (14.67%) Reference Data
3 6 (8.00%) Fixed Income
3 6 (8.00%) Equities
3 6 (8.00%) Hedge funds
4 5 (6.67%) Foreign Exchange (FX)
5 1 (1.33%) DTCC
5 1 (1.33%) PMI
Processes & Methodologies
1 16 (21.33%) BPR
2 10 (13.33%) Root Cause Analysis
2 10 (13.33%) Business Intelligence
3 8 (10.67%) Project Management
3 8 (10.67%) Business Analysis
3 8 (10.67%) Wealth Management
4 7 (9.33%) Analytics
4 7 (9.33%) Stakeholder Management
5 6 (8.00%) Asset Management
6 5 (6.67%) PRINCE2
7 4 (5.33%) Use Case
7 4 (5.33%) User Acceptance Testing
7 4 (5.33%) Workflow
7 4 (5.33%) Business Transformation
8 3 (4.00%) Portfolio Management
8 3 (4.00%) Risk Management
8 3 (4.00%) Change Management
8 3 (4.00%) Data Modelling
8 3 (4.00%) UML
9 2 (2.67%) ERP
Programming Languages
1 2 (2.67%) SQL
Qualifications
1 4 (5.33%) ISEB
2 3 (4.00%) Degree
2 3 (4.00%) PRINCE2 Certification
3 1 (1.33%) IIBA
3 1 (1.33%) CBAP
3 1 (1.33%) PMI Certification
Quality Assurance & Compliance
1 46 (61.33%) EMIR
2 38 (50.67%) Dodd-Frank
3 10 (13.33%) FATCA
4 4 (5.33%) Basel II
4 4 (5.33%) Basel III
5 3 (4.00%) COREP
5 3 (4.00%) CRD IV
5 3 (4.00%) Sarbanes-Oxley
6 2 (2.67%) QA
7 1 (1.33%) FINREP
Vendors
1 2 (2.67%) Business Objects
1 2 (2.67%) SAP
1 2 (2.67%) OpenLink
1 2 (2.67%) Murex
1 2 (2.67%) Brady
1 2 (2.67%) Triple Point
1 2 (2.67%) GoldenSource
2 1 (1.33%) Microsoft
2 1 (1.33%) Avaya
London
iKonnect
Rate: £500 - £600 per day
Posted: 2 days ago
Kingswood, Surrey, South East
Fidelity Worldwide Investment
Rate: Competitive
Posted: 16 days ago
City of London
Huxley Associates
Rate: £400 - £450 per annum
Posted: 18 days ago
London
Orgtel
Rate: £400 - £430 per day
Posted: 25 days ago