The table below looks at the statistics for MiFID skills in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited MiFID over the 3 months to 24 October 2014 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
24 Oct 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 391 390 401
Rank change year-on-year
-1 +11
Contract jobs citing MiFID 35 30 15
As % of all contract IT jobs located in London 0.14% 0.12% 0.062%
As % of the Quality Assurance & Compliance category 1.79% 1.48% 0.74%
Number of daily rates quoted 31 24 13
Average daily rate
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of your Daily Rate
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£600 £700 £525
Average daily rate % change year-on-year
-14.28% +33.33%
90% offered a daily rate of more than £500 £508 £490
10% offered a daily rate of more than £713 £843 £700
UK excluding London average daily rate £500 £950 -
% change year-on-year
-47.36% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average 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
1958 2028 2021
As % of all contract IT jobs located in London 7.94% 8.00% 8.36%
Number of daily rates quoted 1377 1437 1436
Average daily rate £450 £475 £450
Average daily rate % change year-on-year
-5.26% +5.55%
90% offered a daily rate of more than £275 £300 £275
10% offered a daily rate of more than £625 £650 £638
UK excluding London average daily rate £370 £350 £375
% change year-on-year
+5.71% -6.66%
Number of hourly rates quoted 34 29 42
Average hourly rate £19.50 £21.75 £20.00
Average hourly rate % change year-on-year
-10.34% +8.75%
90% offered a hourly rate of more than £12.76 £13.87 £13.50
10% offered a hourly rate of more than £47.75 £64.55 £50.00
UK excluding London average hourly rate £18.00 £17.50 £19.50
% change year-on-year
+2.85% -10.25%

MiFID
Jobs Demand Trend in London

This chart provides a 3-month moving total of IT contractor jobs citing MiFID across the London region as a proportion of the total demand within 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 October 2014.

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 average contractor rates quoted in IT jobs citing MiFID within the London region over the 3 months to 24 October 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
(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
City of London +19 7 £600 +20.00% 5
MiFID
England

MiFID
Top 30 Related IT Skills in London

For the 6 months to 24 October 2014, IT contractor jobs across the London 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 36 (72.00%) Banking
2 34 (68.00%) EMIR
3 28 (56.00%) Investment Banking
4 21 (42.00%) Dodd-Frank
5 20 (40.00%) Finance
6 12 (24.00%) Risk Management
7 10 (20.00%) Business Analysis
8 9 (18.00%) SQL
9 8 (16.00%) Stakeholder Management
10 7 (14.00%) Front Office
10 7 (14.00%) ZaiNet
10 7 (14.00%) SAP Oil and Gas
10 7 (14.00%) Dynamics NAV
10 7 (14.00%) Dynamics AX
10 7 (14.00%) Asset Management
10 7 (14.00%) Brady
10 7 (14.00%) SAP
10 7 (14.00%) ERP
10 7 (14.00%) Murex
10 7 (14.00%) OpenLink
10 7 (14.00%) Endur
10 7 (14.00%) Analytical Skills
10 7 (14.00%) Derivative
10 7 (14.00%) Investment Management
10 7 (14.00%) ETRM
10 7 (14.00%) Triple Point
10 7 (14.00%) OpenLink RightAngle
10 7 (14.00%) Aligne
11 6 (12.00%) FATCA
11 6 (12.00%) SQL Server

MiFID
Top Related IT Skills in London by Category

For the 6 months to 24 October 2014, IT contractor jobs across the London 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 (2.00%) SAS
Applications
1 3 (6.00%) MS PowerPoint
2 1 (2.00%) MS Office
Business Applications
1 7 (14.00%) Endur
1 7 (14.00%) ZaiNet
1 7 (14.00%) SAP Oil and Gas
1 7 (14.00%) Dynamics NAV
1 7 (14.00%) Dynamics AX
1 7 (14.00%) OpenLink RightAngle
1 7 (14.00%) Aligne
Database & Business Intelligence
1 6 (12.00%) SQL Server
Development Applications
1 2 (4.00%) Toad
General
1 36 (72.00%) Banking
2 28 (56.00%) Investment Banking
3 20 (40.00%) Finance
4 7 (14.00%) Front Office
5 2 (4.00%) Back Office
5 2 (4.00%) Legal
6 1 (2.00%) Manufacturing
6 1 (2.00%) Wholesale Banking
6 1 (2.00%) Corporate Banking
6 1 (2.00%) French Language
Job Titles
1 28 (56.00%) Analyst
2 25 (50.00%) Business Analyst
3 16 (32.00%) Project Manager
4 4 (8.00%) Systems Analyst
4 4 (8.00%) Banking Business Analyst
5 3 (6.00%) Investment Banking Business Analyst
5 3 (6.00%) Business Systems Analyst
5 3 (6.00%) Consultant
6 2 (4.00%) Architect
6 2 (4.00%) Test Analyst
6 2 (4.00%) Data Analyst
6 2 (4.00%) Technical Analyst
6 2 (4.00%) Technical Business Analyst
6 2 (4.00%) Project Consultant
6 2 (4.00%) Middle Office Analyst
6 2 (4.00%) FX Business Analyst
7 1 (2.00%) Business Manager
7 1 (2.00%) IT Business Analyst
7 1 (2.00%) Project Analyst
7 1 (2.00%) Data Manager
Libraries, Frameworks & Software Standards
1 1 (2.00%) .NET
1 1 (2.00%) .NET Framework
Miscellaneous
1 7 (14.00%) Derivative
1 7 (14.00%) Analytical Skills
2 6 (12.00%) Foreign Exchange (FX)
3 3 (6.00%) Reference Data
4 2 (4.00%) Fixed Income
4 2 (4.00%) Equities
4 2 (4.00%) Credit Derivative
5 1 (2.00%) Hedge funds
5 1 (2.00%) Data Structures
Processes & Methodologies
1 12 (24.00%) Risk Management
2 10 (20.00%) Business Analysis
3 8 (16.00%) Stakeholder Management
4 7 (14.00%) Asset Management
4 7 (14.00%) ERP
4 7 (14.00%) Investment Management
4 7 (14.00%) ETRM
5 5 (10.00%) Agile Software Development
5 5 (10.00%) Project Management
5 5 (10.00%) Migration
6 4 (8.00%) Data Migration
6 4 (8.00%) Stakeholder Engagement
7 3 (6.00%) User Acceptance Testing
7 3 (6.00%) Wealth Management
7 3 (6.00%) Change Management
8 2 (4.00%) Data Modelling
8 2 (4.00%) PRINCE2
8 2 (4.00%) Data Analysis
8 2 (4.00%) Algorithmic Trading
8 2 (4.00%) Use Case
Programming Languages
1 9 (18.00%) SQL
2 1 (2.00%) VBA
Qualifications
1 1 (2.00%) ISEB
1 1 (2.00%) PRINCE2 Certification
1 1 (2.00%) PMP
1 1 (2.00%) PMI Certification
Quality Assurance & Compliance
1 34 (68.00%) EMIR
2 21 (42.00%) Dodd-Frank
3 6 (12.00%) FATCA
4 2 (4.00%) Basel III
4 2 (4.00%) UCITS
5 1 (2.00%) CRD IV
5 1 (2.00%) Basel II
5 1 (2.00%) QA
Vendors
1 7 (14.00%) SAP
1 7 (14.00%) Murex
1 7 (14.00%) OpenLink
1 7 (14.00%) Brady
1 7 (14.00%) Triple Point
2 2 (4.00%) Actimize
3 1 (2.00%) Pega
3 1 (2.00%) Informatica
3 1 (2.00%) Microsoft
City of London
Huxley Associates
Rate: £550 - £650 per day + competitive
Posted: 8 days ago
London
Hays IT - Uk Posting account
Rate: £600.00 - £700.00 per day
Posted: 11 days ago