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 24 July 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
24 Jul 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 310 340 407
Rank change year-on-year
+30 +67
Contract jobs citing MiFID 123 93 15
As % of all contract IT jobs located in London 0.56% 0.39% 0.065%
As % of the Quality Assurance & Compliance category 6.11% 4.15% 0.70%
Number of daily rates quoted 79 72 14
Median daily rate £550 £631 £506
Median daily rate % change year-on-year
-12.87% +24.87%
90% offered a daily rate of more than £378 £525 £432
10% offered a daily rate of more than £640 £750 £660
UK excluding London median daily rate £475 £475 £550
% change year-on-year
- -13.63%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
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
2014 2241 2135
As % of all contract IT jobs located in London 9.09% 9.50% 9.31%
Number of daily rates quoted 1406 1612 1471
Median daily rate £475 £470 £443
Median daily rate % change year-on-year
+1.06% +6.21%
90% offered a daily rate of more than £300 £280 £275
10% offered a daily rate of more than £625 £625 £600
UK excluding London median daily rate £400 £399 £375
% change year-on-year
+0.19% +6.45%
Number of hourly rates quoted 26 31 22
Median hourly rate £19.23 £20.00 £20.00
Median hourly rate % change year-on-year
-3.85% -
90% offered a hourly rate of more than £12.60 £14.00 £13.80
10% offered a hourly rate of more than £53.80 £143.00 £104.50
UK excluding London median hourly rate £28.00 £22.50 £20.17
% change year-on-year
+24.44% +11.57%

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 24 July 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 24 July 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 +52 23 £581 -10.57% 13
MiFID
England

MiFID
Top 30 Related IT Skills in London

For the 6 months to 24 July 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.

1 124 (50.00%) Banking
2 114 (45.97%) Finance
3 83 (33.47%) Investment Banking
4 66 (26.61%) EMIR
5 59 (23.79%) Dodd-Frank
6 56 (22.58%) Front Office
7 55 (22.18%) Business Analysis
8 52 (20.97%) Agile Software Development
9 47 (18.95%) Stakeholder Management
10 45 (18.15%) Project Management
11 32 (12.90%) Asset Management
11 32 (12.90%) Equities
12 31 (12.50%) Derivative
13 28 (11.29%) User Acceptance Testing
13 28 (11.29%) Fixed Income
14 26 (10.48%) Back Office
14 26 (10.48%) Change Management
15 25 (10.08%) Legal
16 23 (9.27%) Foreign Exchange (FX)
16 23 (9.27%) Degree
17 22 (8.87%) Analytical Skills
17 22 (8.87%) SDLC
17 22 (8.87%) Stakeholder Engagement
17 22 (8.87%) Hedge funds
18 20 (8.06%) Investment Management
18 20 (8.06%) C#
19 19 (7.66%) SQL
20 17 (6.85%) Scrum
21 16 (6.45%) Retail
21 16 (6.45%) XML

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 (2.82%) Skype for Business
2 3 (1.21%) SharePoint
3 1 (0.40%) SharePoint 2010
Applications
1 9 (3.63%) MS PowerPoint
2 6 (2.42%) MS Excel
2 6 (2.42%) MS Office
2 6 (2.42%) MS Project
3 5 (2.02%) MS Visio
Business Applications
1 11 (4.44%) Summit
2 2 (0.81%) ION MarketView
3 1 (0.40%) Oracle Procure-to-Pay
3 1 (0.40%) SunGard GMI
Cloud Services
1 1 (0.40%) IBM Blueworks
Communications & Networking
1 6 (2.42%) PBX
2 4 (1.61%) Intranet
3 3 (1.21%) HTTP
4 2 (0.81%) Firewall
4 2 (0.81%) SNMP
5 1 (0.40%) BGP
5 1 (0.40%) Cisco IOS
5 1 (0.40%) EIGRP
5 1 (0.40%) Ethernet
5 1 (0.40%) Extranet
5 1 (0.40%) Internet
5 1 (0.40%) IPsec
5 1 (0.40%) Junos
5 1 (0.40%) LAN
5 1 (0.40%) MPLS
5 1 (0.40%) Multicast
5 1 (0.40%) OSPF
5 1 (0.40%) TCP/IP
5 1 (0.40%) VPN
5 1 (0.40%) WAN
Database & Business Intelligence
1 7 (2.82%) SQL Server
2 4 (1.61%) Data Warehouse
2 4 (1.61%) KDB
3 3 (1.21%) Oracle Reports
3 3 (1.21%) QlikView
3 3 (1.21%) SQL Server 2012
4 2 (0.81%) SQL Server 2008
4 2 (0.81%) SQL Server Integration Services
5 1 (0.40%) Big Data
5 1 (0.40%) Data Mining
5 1 (0.40%) Hadoop
5 1 (0.40%) MS Access
5 1 (0.40%) NoSQL
5 1 (0.40%) RDBMS
5 1 (0.40%) Relational Database
5 1 (0.40%) SQL Server Reporting Services
Development Applications
1 4 (1.61%) Visual Studio Tools for Office
2 3 (1.21%) Team Foundation Server
3 2 (0.81%) Cucumber
3 2 (0.81%) Selenium
3 2 (0.81%) Subversion
4 1 (0.40%) JIRA
4 1 (0.40%) TeamCity
General
1 124 (50.00%) Banking
2 114 (45.97%) Finance
3 83 (33.47%) Investment Banking
4 56 (22.58%) Front Office
5 26 (10.48%) Back Office
6 25 (10.08%) Legal
7 16 (6.45%) Retail
8 9 (3.63%) Financial Institution
9 6 (2.42%) Marketing
9 6 (2.42%) Retail Banking
10 5 (2.02%) French Language
11 2 (0.81%) Private Banking
11 2 (0.81%) Spanish Language
Job Titles
1 142 (57.26%) Analyst
2 128 (51.61%) Business Analyst
3 61 (24.60%) MiFID Business Analyst
4 51 (20.56%) Project Manager
5 39 (15.73%) Regulatory Business Analyst
6 29 (11.69%) MiFID Project Manager
7 26 (10.48%) Banking Analyst
8 24 (9.68%) Developer
9 23 (9.27%) Report Analyst
10 18 (7.26%) Regulatory Reporting Business Analyst
11 16 (6.45%) C# Developer
12 15 (6.05%) Programme Manager
13 14 (5.65%) Investment Banking Business Analyst
14 13 (5.24%) Project Analyst
15 11 (4.44%) Technical Analyst
15 11 (4.44%) Technical Business Analyst
16 10 (4.03%) Business IT Analyst
16 10 (4.03%) IT Analyst
16 10 (4.03%) IT Business Analyst
16 10 (4.03%) IT Manager
Libraries, Frameworks & Software Standards
1 16 (6.45%) XML
2 12 (4.84%) .NET
3 9 (3.63%) Web Services
4 5 (2.02%) FIXML
4 5 (2.02%) FpML
4 5 (2.02%) WPF
5 4 (1.61%) OOXML
5 4 (1.61%) WinForms
6 3 (1.21%) .NET Framework
6 3 (1.21%) AngularJS
6 3 (1.21%) HTML
7 2 (0.81%) ASP.NET
7 2 (0.81%) ASP.NET MVC
7 2 (0.81%) CSS
7 2 (0.81%) FIX Protocol
7 2 (0.81%) HTML5
7 2 (0.81%) WCF
8 1 (0.40%) JSON
8 1 (0.40%) Middleware
8 1 (0.40%) Spring
Miscellaneous
1 32 (12.90%) Equities
2 31 (12.50%) Derivative
3 28 (11.29%) Fixed Income
4 23 (9.27%) Foreign Exchange (FX)
5 22 (8.87%) Analytical Skills
5 22 (8.87%) Hedge funds
6 14 (5.65%) Equity Derivative
7 12 (4.84%) Management Information System
7 12 (4.84%) Market Risk
8 8 (3.23%) Computer Science
9 4 (1.61%) Fintech
9 4 (1.61%) Reference Data
10 3 (1.21%) Credit Derivative
11 2 (0.81%) Data Centre
11 2 (0.81%) Data Integration
11 2 (0.81%) Economics
11 2 (0.81%) OTC Derivatives
11 2 (0.81%) PMI
11 2 (0.81%) SWIFT
11 2 (0.81%) Virtual Team
Operating Systems
1 6 (2.42%) Unix
2 5 (2.02%) Windows
3 3 (1.21%) Linux
3 3 (1.21%) Windows 7
4 1 (0.40%) AIX
4 1 (0.40%) Oracle Linux
4 1 (0.40%) Red Hat Enterprise Linux
4 1 (0.40%) Solaris
Processes & Methodologies
1 55 (22.18%) Business Analysis
2 52 (20.97%) Agile Software Development
3 47 (18.95%) Stakeholder Management
4 45 (18.15%) Project Management
5 32 (12.90%) Asset Management
6 28 (11.29%) User Acceptance Testing
7 26 (10.48%) Change Management
8 22 (8.87%) SDLC
8 22 (8.87%) Stakeholder Engagement
9 20 (8.06%) Investment Management
10 17 (6.85%) Scrum
11 13 (5.24%) Electronic Trading
11 13 (5.24%) Wealth Management
12 12 (4.84%) Waterfall
13 11 (4.44%) TDD
14 10 (4.03%) GAP Analysis
14 10 (4.03%) PRINCE2
15 9 (3.63%) Algorithmic Trading
15 9 (3.63%) Fund Management
16 8 (3.23%) Data Analysis
Programming Languages
1 20 (8.06%) C#
2 19 (7.66%) SQL
3 13 (5.24%) Java
4 5 (2.02%) VBA
5 4 (1.61%) JavaScript
6 2 (0.81%) Perl
6 2 (0.81%) PL/SQL
6 2 (0.81%) Python
7 1 (0.40%) RPG
7 1 (0.40%) Ruby
7 1 (0.40%) Scala
Qualifications
1 23 (9.27%) Degree
2 2 (0.81%) APMP
2 2 (0.81%) ISEB
2 2 (0.81%) PMI Certification
3 1 (0.40%) CBAP
3 1 (0.40%) CCDA
3 1 (0.40%) CCIE
3 1 (0.40%) CCNP
3 1 (0.40%) Cisco Certification
3 1 (0.40%) ISTQB
3 1 (0.40%) MBA
3 1 (0.40%) PRINCE2 Certification
Quality Assurance & Compliance
1 66 (26.61%) EMIR
2 59 (23.79%) Dodd-Frank
3 15 (6.05%) FATCA
4 13 (5.24%) AIFMD
5 8 (3.23%) QA
6 6 (2.42%) UCITS
7 2 (0.81%) Basel III
7 2 (0.81%) BS25999
7 2 (0.81%) COBIT
7 2 (0.81%) COSO
7 2 (0.81%) ISO/IEC 27001
8 1 (0.40%) Data Quality
8 1 (0.40%) SLA
System Software
1 1 (0.40%) Veritas Cluster Server
1 1 (0.40%) VMware Infrastructure
Systems Management
1 1 (0.40%) HP Quality Center
Vendors
1 12 (4.84%) Murex
2 11 (4.44%) Calypso
3 9 (3.63%) Microsoft
4 8 (3.23%) Oracle
5 4 (1.61%) Bloomberg
5 4 (1.61%) ION Trading
5 4 (1.61%) Sophis
6 3 (1.21%) Fidessa
7 2 (0.81%) Cisco
7 2 (0.81%) SunGard
7 2 (0.81%) Sybase
8 1 (0.40%) Alias
8 1 (0.40%) Avaloq
8 1 (0.40%) Charles River
8 1 (0.40%) HP
8 1 (0.40%) IBM
8 1 (0.40%) Juniper
8 1 (0.40%) Red Hat
8 1 (0.40%) Veritas
8 1 (0.40%) VMware
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Rate: £51000 per annum + Excellent Benefits
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