The table below looks at the statistics for MiFID skills in IT contracts advertised for the London region. Included is a guide to the contractor rates offered in IT contracts that have cited MiFID over the 3 months to 27 August 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
27 Aug 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 309 347 414
Rank change year-on-year
+38 +67
Contract jobs citing MiFID 128 99 23
As % of all contract IT jobs located in London 0.56% 0.42% 0.095%
As % of the Quality Assurance & Compliance category 6.22% 4.43% 0.98%
Number of daily rates quoted 86 71 21
Median daily rate £575 £600 £600
Median daily rate % change year-on-year
-4.16% -
90% offered a daily rate of more than £450 £465 £486
10% offered a daily rate of more than £663 £750 £750
UK excluding London median daily rate £438 £475 £110
% change year-on-year
-7.89% +331.81%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - £17.00 -
MiFID
England

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 London region.

Quality Assurance & Compliance Category
London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
2058 2235 2340
As % of all contract IT jobs located in London 9.06% 9.45% 9.63%
Number of daily rates quoted 1474 1556 1606
Median daily rate £465 £465 £450
Median daily rate % change year-on-year
- +3.33%
90% offered a daily rate of more than £300 £275 £270
10% offered a daily rate of more than £600 £610 £600
UK excluding London median daily rate £400 £405 £384
% change year-on-year
-1.23% +5.46%
Number of hourly rates quoted 24 30 29
Median hourly rate £20.00 £21.60 £19.00
Median hourly rate % change year-on-year
-7.38% +13.65%
90% offered a hourly rate of more than £13.38 £14.00 £13.39
10% offered a hourly rate of more than £70.00 £55.50 £137.50
UK excluding London median hourly rate £28.15 £24.75 £19.75
% change year-on-year
+13.73% +25.31%

MiFID
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing MiFID as a proportion of all IT contracts with a match in the Quality Assurance & Compliance category.

MiFID Jobs Demand Trend in London

MiFID
Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing MiFID across the London region.

MiFID Daily Rate Trend in London

MiFID
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing MiFID across the London region over the 3 months to 27 August 2016.

MiFID Daily Rate Histogram in London

MiFID
Hourly Rate Trend in London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing MiFID across the London region.

MiFID Hourly Rate Trend in London

MiFID
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the London region over the 3 months to 27 August 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
City of London +47 28 £575 -8.00% 14
MiFID
England

MiFID
Top 30 Related IT Skills in London

For the 6 months to 27 August 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 London region with a requirement for MiFID.

1 110 (46.22%) Banking
2 108 (45.38%) Finance
3 74 (31.09%) Investment Banking
4 65 (27.31%) Business Analysis
5 54 (22.69%) EMIR
6 52 (21.85%) Dodd-Frank
7 50 (21.01%) Stakeholder Management
8 47 (19.75%) Front Office
9 46 (19.33%) Agile Software Development
10 42 (17.65%) Project Management
11 33 (13.87%) Equities
12 29 (12.18%) Change Management
12 29 (12.18%) User Acceptance Testing
12 29 (12.18%) Stakeholder Engagement
13 28 (11.76%) Investment Management
13 28 (11.76%) Asset Management
13 28 (11.76%) Derivative
14 27 (11.34%) Fixed Income
15 26 (10.92%) Degree
16 24 (10.08%) Foreign Exchange (FX)
17 22 (9.24%) Legal
18 21 (8.82%) Analytical Skills
19 19 (7.98%) Wealth Management
20 17 (7.14%) Back Office
20 17 (7.14%) SQL
20 17 (7.14%) XML
20 17 (7.14%) Hedge funds
21 16 (6.72%) C#
22 15 (6.30%) Scrum
22 15 (6.30%) FATCA

MiFID
Top Related IT Skills in London 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 (2.94%) Skype for Business
2 3 (1.26%) SharePoint
3 1 (0.42%) SharePoint 2010
Applications
1 7 (2.94%) MS Office
2 6 (2.52%) MS PowerPoint
2 6 (2.52%) MS Project
3 5 (2.10%) MS Excel
4 4 (1.68%) MS Visio
Business Applications
1 4 (1.68%) Summit
2 1 (0.42%) Oracle Procure-to-Pay
2 1 (0.42%) SunGard GMI
Cloud Services
1 1 (0.42%) IBM Blueworks
Communications & Networking
1 6 (2.52%) PBX
2 5 (2.10%) Intranet
3 2 (0.84%) Firewall
3 2 (0.84%) HTTP
3 2 (0.84%) SNMP
4 1 (0.42%) BGP
4 1 (0.42%) Cisco IOS
4 1 (0.42%) EIGRP
4 1 (0.42%) Ethernet
4 1 (0.42%) Extranet
4 1 (0.42%) Internet
4 1 (0.42%) IPsec
4 1 (0.42%) Junos
4 1 (0.42%) LAN
4 1 (0.42%) MPLS
4 1 (0.42%) Multicast
4 1 (0.42%) OSPF
4 1 (0.42%) TCP/IP
4 1 (0.42%) VPN
4 1 (0.42%) WAN
Database & Business Intelligence
1 6 (2.52%) SQL Server
2 4 (1.68%) KDB
2 4 (1.68%) Oracle Database
3 3 (1.26%) Big Data
3 3 (1.26%) QlikView
3 3 (1.26%) SQL Server 2012
4 2 (0.84%) Data Lake
4 2 (0.84%) Kdb+
4 2 (0.84%) Oracle Reports
4 2 (0.84%) SQL Server 2008
4 2 (0.84%) SQL Server Analysis Services
5 1 (0.42%) BusinessObjects
5 1 (0.42%) Data Mining
5 1 (0.42%) Data Warehouse
5 1 (0.42%) Hadoop
5 1 (0.42%) MS Access
5 1 (0.42%) NoSQL
5 1 (0.42%) Spotfire
5 1 (0.42%) SQL Server Integration Services
Development Applications
1 3 (1.26%) Team Foundation Server
1 3 (1.26%) Visual Studio Tools for Office
2 2 (0.84%) Subversion
3 1 (0.42%) JIRA
General
1 110 (46.22%) Banking
2 108 (45.38%) Finance
3 74 (31.09%) Investment Banking
4 47 (19.75%) Front Office
5 22 (9.24%) Legal
6 17 (7.14%) Back Office
7 13 (5.46%) Financial Institution
7 13 (5.46%) Retail
8 6 (2.52%) Marketing
9 3 (1.26%) French Language
10 2 (0.84%) Private Banking
10 2 (0.84%) Retail Banking
10 2 (0.84%) Spanish Language
11 1 (0.42%) Advertising
Job Titles
1 144 (60.50%) Analyst
2 129 (54.20%) Business Analyst
3 79 (33.19%) MiFID Business Analyst
4 44 (18.49%) Project Manager
5 35 (14.71%) Regulatory Business Analyst
6 27 (11.34%) MiFID Project Manager
7 20 (8.40%) Developer
8 18 (7.56%) Banking Analyst
8 18 (7.56%) Report Analyst
9 14 (5.88%) Project Analyst
10 13 (5.46%) C# Developer
10 13 (5.46%) Regulatory Reporting Business Analyst
11 11 (4.62%) Architect
11 11 (4.62%) Technical Analyst
12 10 (4.20%) Agile C# Developer
12 10 (4.20%) Agile Developer
12 10 (4.20%) Investment Banking Business Analyst
12 10 (4.20%) IT Manager
12 10 (4.20%) Technical Business Analyst
13 8 (3.36%) IT Project Manager
Libraries, Frameworks & Software Standards
1 17 (7.14%) XML
2 10 (4.20%) .NET
3 9 (3.78%) FpML
3 9 (3.78%) Web Services
4 5 (2.10%) FIXML
5 3 (1.26%) OOXML
5 3 (1.26%) WinForms
5 3 (1.26%) WPF
6 2 (0.84%) .NET Framework
6 2 (0.84%) FIX Protocol
6 2 (0.84%) HTML
6 2 (0.84%) HTML5
6 2 (0.84%) Middleware
7 1 (0.42%) AngularJS
7 1 (0.42%) CSS
7 1 (0.42%) XSD
Miscellaneous
1 33 (13.87%) Equities
2 28 (11.76%) Derivative
3 27 (11.34%) Fixed Income
4 24 (10.08%) Foreign Exchange (FX)
5 21 (8.82%) Analytical Skills
6 17 (7.14%) Hedge funds
7 14 (5.88%) Management Information System
8 10 (4.20%) Computer Science
9 9 (3.78%) Equity Derivative
10 8 (3.36%) Fintech
10 8 (3.36%) Market Risk
11 4 (1.68%) Data Integration
11 4 (1.68%) OTC Derivatives
12 3 (1.26%) Credit Derivative
12 3 (1.26%) Economics
12 3 (1.26%) Reference Data
13 2 (0.84%) Data Centre
13 2 (0.84%) PMI
13 2 (0.84%) SWIFT
13 2 (0.84%) Virtual Team
Operating Systems
1 6 (2.52%) Unix
2 3 (1.26%) Linux
2 3 (1.26%) Windows
3 2 (0.84%) Windows 7
4 1 (0.42%) AIX
4 1 (0.42%) Oracle Linux
4 1 (0.42%) Red Hat Enterprise Linux
4 1 (0.42%) Solaris
Processes & Methodologies
1 65 (27.31%) Business Analysis
2 50 (21.01%) Stakeholder Management
3 46 (19.33%) Agile Software Development
4 42 (17.65%) Project Management
5 29 (12.18%) Change Management
5 29 (12.18%) Stakeholder Engagement
5 29 (12.18%) User Acceptance Testing
6 28 (11.76%) Asset Management
6 28 (11.76%) Investment Management
7 19 (7.98%) Wealth Management
8 15 (6.30%) Scrum
9 14 (5.88%) SDLC
9 14 (5.88%) Waterfall
10 13 (5.46%) Cash Management
11 12 (5.04%) Fund Management
11 12 (5.04%) GAP Analysis
12 10 (4.20%) Data Management
12 10 (4.20%) Electronic Trading
12 10 (4.20%) Target Operating Model
12 10 (4.20%) TDD
Programming Languages
1 17 (7.14%) SQL
2 16 (6.72%) C#
3 12 (5.04%) Java
4 4 (1.68%) VBA
5 3 (1.26%) JavaScript
6 2 (0.84%) C
7 1 (0.42%) Perl
7 1 (0.42%) Python
7 1 (0.42%) RPG
7 1 (0.42%) Ruby
Qualifications
1 26 (10.92%) Degree
2 4 (1.68%) ISEB
3 2 (0.84%) APMP
3 2 (0.84%) PMI Certification
4 1 (0.42%) CBAP
4 1 (0.42%) CCDA
4 1 (0.42%) CCIE
4 1 (0.42%) CCNP
4 1 (0.42%) Cisco Certification
4 1 (0.42%) ISTQB
4 1 (0.42%) MBA
Quality Assurance & Compliance
1 54 (22.69%) EMIR
2 52 (21.85%) Dodd-Frank
3 15 (6.30%) FATCA
4 8 (3.36%) AIFMD
4 8 (3.36%) QA
5 5 (2.10%) UCITS
6 2 (0.84%) BS25999
6 2 (0.84%) COBIT
6 2 (0.84%) COSO
6 2 (0.84%) ISO/IEC 27001
7 1 (0.42%) Basel III
7 1 (0.42%) Data Quality
7 1 (0.42%) SLA
System Software
1 1 (0.42%) Veritas Cluster Server
1 1 (0.42%) VMware Infrastructure
Systems Management
1 2 (0.84%) MOM
2 1 (0.42%) HP Quality Center
Vendors
1 10 (4.20%) Oracle
2 6 (2.52%) Microsoft
3 5 (2.10%) Murex
4 3 (1.26%) Bloomberg
4 3 (1.26%) Calypso
4 3 (1.26%) Sophis
5 2 (0.84%) Cisco
5 2 (0.84%) Fidessa
5 2 (0.84%) GoldenSource
5 2 (0.84%) Palantir
5 2 (0.84%) SunGard
5 2 (0.84%) Sybase
6 1 (0.42%) FNZ
6 1 (0.42%) HP
6 1 (0.42%) IBM
6 1 (0.42%) Informatica
6 1 (0.42%) Juniper
6 1 (0.42%) Red Hat
6 1 (0.42%) SAP
6 1 (0.42%) Veritas
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