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 4 September 2015 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
4 Sep 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 136 126 -
Rank change year-on-year
-10 -
Contract jobs citing MiFID 2 1 0
As % of all contract IT jobs located in Scotland 0.061% 0.036% -
As % of the Quality Assurance & Compliance category 0.85% 0.56% -
Number of daily rates quoted 1 1 0
Average daily rate
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£475 £450 -
Average daily rate % change year-on-year
+5.55% -
UK excluding London average daily rate £475 £110 £950
% change year-on-year
+331.81% -88.42%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £17.00 - -
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
236 178 142
As % of all contract IT jobs located in Scotland 7.16% 6.45% 5.91%
Number of daily rates quoted 106 85 57
Average daily rate £375 £406 £350
Average daily rate % change year-on-year
-7.69% +16.07%
90% offered a daily rate of more than £223 £255 £210
10% offered a daily rate of more than £500 £533 £525
UK excluding London average daily rate £400 £375 £353
% change year-on-year
+6.66% +6.38%
Number of hourly rates quoted 5 5 11
Average hourly rate £33.71 £15.77 £9.25
Average hourly rate % change year-on-year
+113.77% +70.48%
90% offered a hourly rate of more than £26.46 £11.50 £9.00
10% offered a hourly rate of more than £46.70 £75.50 £18.00
UK excluding London average hourly rate £21.64 £20.00 £17.50
% change year-on-year
+8.20% +14.28%

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
Contract Job Locations in Scotland

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing MiFID within the Scotland region over the 3 months to 4 September 2015. 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
Edinburgh - 2 £475 -
MiFID
UK

MiFID
Top 30 Related IT Skills in Scotland

For the 6 months to 4 September 2015, 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 5 (83.33%) EMIR
2 4 (66.67%) Dodd-Frank
2 4 (66.67%) Back Office
3 3 (50.00%) Banking
3 3 (50.00%) Investment Banking
3 3 (50.00%) Business Analysis
3 3 (50.00%) Reference Data
3 3 (50.00%) SQL
3 3 (50.00%) Oracle
3 3 (50.00%) OO
3 3 (50.00%) Data Modelling
3 3 (50.00%) Asset Management
4 2 (33.33%) Toad
4 2 (33.33%) Charles River
4 2 (33.33%) Finance
4 2 (33.33%) User Experience
5 1 (16.67%) Pega
5 1 (16.67%) FATCA
5 1 (16.67%) Derivative
5 1 (16.67%) Wealth Management
5 1 (16.67%) User Acceptance Testing
5 1 (16.67%) Investment Management
5 1 (16.67%) Retail
5 1 (16.67%) Workflow
5 1 (16.67%) Stakeholder Management
5 1 (16.67%) Oracle Workflow
5 1 (16.67%) Fixed Income
5 1 (16.67%) Equities
5 1 (16.67%) Agile Software Development
5 1 (16.67%) Process Management

MiFID
Top Related IT Skills in Scotland by Category

For the 6 months to 4 September 2015, 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.

Application Platforms
1 1 (16.67%) Oracle Workflow
Development Applications
1 2 (33.33%) Toad
General
1 4 (66.67%) Back Office
2 3 (50.00%) Banking
2 3 (50.00%) Investment Banking
3 2 (33.33%) Finance
4 1 (16.67%) Retail
Job Titles
1 6 (100.00%) Business Analyst
1 6 (100.00%) Analyst
2 1 (16.67%) Senior Business Analyst
2 1 (16.67%) Senior Analyst
2 1 (16.67%) Data Analyst
2 1 (16.67%) Technical Analyst
2 1 (16.67%) Technical Business Analyst
2 1 (16.67%) Reference Data Business Analyst
2 1 (16.67%) Data Business Analyst
Miscellaneous
1 3 (50.00%) Reference Data
2 2 (33.33%) User Experience
3 1 (16.67%) Management Information System
3 1 (16.67%) Fixed Income
3 1 (16.67%) Equities
3 1 (16.67%) Derivative
Processes & Methodologies
1 3 (50.00%) OO
1 3 (50.00%) Data Modelling
1 3 (50.00%) Asset Management
1 3 (50.00%) Business Analysis
2 1 (16.67%) Wealth Management
2 1 (16.67%) User Acceptance Testing
2 1 (16.67%) Investment Management
2 1 (16.67%) Process Management
2 1 (16.67%) Workflow
2 1 (16.67%) Stakeholder Management
2 1 (16.67%) Agile Software Development
Programming Languages
1 3 (50.00%) SQL
Quality Assurance & Compliance
1 5 (83.33%) EMIR
2 4 (66.67%) Dodd-Frank
3 1 (16.67%) FATCA
Vendors
1 3 (50.00%) Oracle
2 2 (33.33%) Charles River
3 1 (16.67%) Pega