MiFID Contracts in London
 
Demand Trend Daily Rate Trend Daily Rate Histogram Hourly Rate Trend Job Locations Related Skills

The first table below looks at the demand 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 17 May 2013 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 London 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
17 May 2013		 Same period 2012 Same period 2011
Markets in Financial Instruments Directive (MiFID)
Rank 369 383 346
Rank change year-on-year
+14 -37
Contract jobs citing MiFID 16 23 91
As % of all contract IT jobs located in London 0.074% 0.086% 0.291%
As % of the Quality Assurance & Compliance category 0.994% 1.092% 3.790%
Number of daily rates quoted 14 19 83
Average daily rate £600 £550 £550
Average daily rate % change year-on-year
+9.09% -
90% offered a daily rate of more than £500 £396 £425
10% offered a daily rate of more than £718 £700 £700
UK excluding London average daily rate £350 £400 £400
% change year-on-year
-12.50% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Quality Assurance & Compliance
London
Contract IT job ads with a match in the
Quality Assurance & Compliance category		 1610 2107 2401
As % of all contract IT jobs located in London 7.456% 7.868% 7.685%
Number of daily rates quoted 1097 1307 1556
Average daily rate £450 £463 £475
Average daily rate % change year-on-year
-2.70% -2.63%
90% offered a daily rate of more than £275 £283 £300
10% offered a daily rate of more than £575 £650 £625
UK excluding London average daily rate £340 £350 £375
% change year-on-year
-2.85% -6.66%
Number of hourly rates quoted 34 64 55
Average hourly rate £32.75 £17.87 £18.50
Average hourly rate % change year-on-year
+83.31% -3.43%
90% offered a hourly rate of more than £13.98 £11.70 £11.50
10% offered a hourly rate of more than £135.00 £37.20 £50.00
UK excluding London average hourly rate £17.50 £16.35 £29.00
% change year-on-year
+7.03% -43.62%
MiFID
England

MiFID
Jobs Demand Trend

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.

London MiFID Jobs Demand Trend

MiFID
Daily Rate Trend

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

London MiFID Daily Rate Trend

MiFID
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing MiFID across the London region over the 3 months to 17 May 2013.

London MiFID Daily Rate Histogram

MiFID
Hourly Rate Trend

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

London MiFID Hourly Rate Trend

MiFID
Contract Locations

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 17 May 2013. 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
Canary Wharf - 3 £500 -
City of London +9 2 £381 -15.44%
MiFID
England

MiFID
Top 30 Related IT Skills

For the 6 months to 17 May 2013, 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 28 (70.00%) Banking
2 26 (65.00%) Investment Banking
3 18 (45.00%) Finance
4 11 (27.50%) Business Analysis
5 10 (25.00%) Asset Management
6 9 (22.50%) Project Management
7 8 (20.00%) MS Visio
7 8 (20.00%) Back Office
7 8 (20.00%) Derivative
7 8 (20.00%) Fund Management
7 8 (20.00%) FATCA
8 7 (17.50%) Stakeholder Management
9 6 (15.00%) Front Office
9 6 (15.00%) UML
9 6 (15.00%) Investment Management
9 6 (15.00%) Reference Data
10 5 (12.50%) Use Case
10 5 (12.50%) User Acceptance Testing
10 5 (12.50%) SQL
10 5 (12.50%) XML
10 5 (12.50%) HP Quality Center
11 4 (10.00%) Progress Apama
11 4 (10.00%) TOAD
11 4 (10.00%) HP
11 4 (10.00%) Foreign Exchange (FX)
11 4 (10.00%) Financial Institution
11 4 (10.00%) Programme Management
11 4 (10.00%) Agile Software Development
11 4 (10.00%) Data Analysis
12 3 (7.500%) Process Management

MiFID
Top Related IT Skills by Category

For the 6 months to 17 May 2013, 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 Development
1 5 (12.50%) XML
2 1 (2.500%) FpML
Application Platforms
1 4 (10.00%) Progress Apama
2 1 (2.500%) SharePoint 2010
2 1 (2.500%) SharePoint
Applications
1 8 (20.00%) MS Visio
2 1 (2.500%) MS Excel
Database & Business Intelligence
1 4 (10.00%) TOAD
Development Applications
1 1 (2.500%) JIRA
General
1 28 (70.00%) Banking
2 26 (65.00%) Investment Banking
3 18 (45.00%) Finance
4 8 (20.00%) Back Office
5 6 (15.00%) Front Office
6 4 (10.00%) Financial Institution
7 2 (5.000%) Legal
7 2 (5.000%) Marketing
8 1 (2.500%) Retail
Job Titles
1 25 (62.50%) Analyst
2 24 (60.00%) Business Analyst
3 14 (35.00%) Project Manager
4 9 (22.50%) Technical Business Analyst
4 9 (22.50%) Technical Analyst
5 5 (12.50%) Project Analyst
5 5 (12.50%) Investment Banking Business Analyst
6 4 (10.00%) Programme Manager
7 2 (5.000%) Senior Manager
7 2 (5.000%) Change Analyst
7 2 (5.000%) Compliance Manager
8 1 (2.500%) Banking Business Analyst
8 1 (2.500%) Senior Programme Manager
8 1 (2.500%) Senior Test Manager
8 1 (2.500%) PMO Analyst
8 1 (2.500%) PMO Manager
8 1 (2.500%) SharePoint Business Analyst
8 1 (2.500%) Change Project Manager
8 1 (2.500%) Senior Analyst
8 1 (2.500%) Change Manager
Miscellaneous
1 8 (20.00%) Derivative
2 6 (15.00%) Reference Data
3 4 (10.00%) Foreign Exchange (FX)
4 2 (5.000%) Fixed Income
5 1 (2.500%) Equities
5 1 (2.500%) Data Integration
5 1 (2.500%) Interest Rate Derivative
5 1 (2.500%) Equity Derivative
5 1 (2.500%) DTCC
Processes & Methodologies
1 11 (27.50%) Business Analysis
2 10 (25.00%) Asset Management
3 9 (22.50%) Project Management
4 8 (20.00%) Fund Management
5 7 (17.50%) Stakeholder Management
6 6 (15.00%) UML
6 6 (15.00%) Investment Management
7 5 (12.50%) Use Case
7 5 (12.50%) User Acceptance Testing
8 4 (10.00%) Data Analysis
8 4 (10.00%) Programme Management
8 4 (10.00%) Agile Software Development
9 3 (7.500%) Process Management
9 3 (7.500%) Workflow
10 2 (5.000%) Data Modelling
11 1 (2.500%) BPR
11 1 (2.500%) GAP Analysis
11 1 (2.500%) Document Management
11 1 (2.500%) Project Planning
11 1 (2.500%) Test Management
Programming Languages
1 5 (12.50%) SQL
Quality Assurance & Compliance
1 8 (20.00%) FATCA
2 1 (2.500%) Sarbanes-Oxley
2 1 (2.500%) Basel III
Systems Management
1 5 (12.50%) HP Quality Center
Vendors
1 4 (10.00%) HP
2 3 (7.500%) Pega
3 1 (2.500%) Brady
3 1 (2.500%) Microsoft
3 1 (2.500%) Murex
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Last Updated Friday 17 May 2013
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