The table below looks at the statistics for MiFID skills in IT contracts advertised for the Scotland region. Included is a guide to the average contractor rates offered in IT contracts that have cited MiFID over the 3 months to 20 August 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
20 Aug 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 128 - -
Rank change year-on-year
- 0
Contract jobs citing MiFID 1 0 0
As % of all contract IT jobs located in Scotland 0.036% - -
As % of the Quality Assurance & Compliance category 0.60% - -
Number of daily rates quoted 1 0 0
Average daily rate
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£450 - -
UK excluding London average daily rate £110 £950 £400
% change year-on-year
-88.42% +137.50%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
MiFID
UK

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 Scotland region.

Quality Assurance & Compliance Category
Scotland
Contract IT job ads with a match in the
Quality Assurance & Compliance category
168 150 173
As % of all contract IT jobs located in Scotland 6.12% 6.00% 6.49%
Number of daily rates quoted 79 68 54
Average daily rate £400 £350 £338
Average daily rate % change year-on-year
+14.28% +3.70%
90% offered a daily rate of more than £252 £187 £257
10% offered a daily rate of more than £550 £525 £435
UK excluding London average daily rate £375 £350 £355
% change year-on-year
+7.14% -1.40%
Number of hourly rates quoted 5 9 23
Average hourly rate £15.77 £9.25 £12.42
Average hourly rate % change year-on-year
+70.48% -25.52%
90% offered a hourly rate of more than £11.50 £8.20 £9.50
10% offered a hourly rate of more than £75.50 £11.20 £17.45
UK excluding London average hourly rate £19.50 £17.50 £22.50
% change year-on-year
+11.42% -22.22%

MiFID
Jobs Demand Trend in Scotland

This chart provides a 3-month moving total of IT contractor jobs citing MiFID across the Scotland region as a proportion of the total demand within the Quality Assurance & Compliance category.

MiFID Jobs Demand Trend in Scotland

MiFID
Daily Rate Trend in Scotland

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

MiFID Daily Rate Trend in Scotland

MiFID
Top 11 Related IT Skills in Scotland

For the 6 months to 20 August 2014, IT contractor jobs across the Scotland 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 4 (100.00%) Finance
2 3 (75.00%) Sarbanes-Oxley
2 3 (75.00%) Basel II
2 3 (75.00%) Investment Management
2 3 (75.00%) Solvency II
3 2 (50.00%) Data Governance
3 2 (50.00%) Business Analysis
4 1 (25.00%) Agile Software Development
4 1 (25.00%) Wealth Management
4 1 (25.00%) Back Office
4 1 (25.00%) Data Quality

MiFID
Top Related IT Skills in Scotland by Category

For the 6 months to 20 August 2014, IT contractor jobs across the Scotland 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.

General
1 4 (100.00%) Finance
2 1 (25.00%) Back Office
Job Titles
1 3 (75.00%) Analyst
2 2 (50.00%) Business Analyst
3 1 (25.00%) Programme Manager
3 1 (25.00%) Data Analyst
3 1 (25.00%) Financial Business Analyst
3 1 (25.00%) Financial Services Business Analyst
3 1 (25.00%) Solvency II Business Analyst
Processes & Methodologies
1 3 (75.00%) Investment Management
2 2 (50.00%) Data Governance
2 2 (50.00%) Business Analysis
3 1 (25.00%) Agile Software Development
3 1 (25.00%) Wealth Management
Quality Assurance & Compliance
1 3 (75.00%) Sarbanes-Oxley
1 3 (75.00%) Basel II
1 3 (75.00%) Solvency II
2 1 (25.00%) Data Quality