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 11 February 2016 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
11 Feb 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank - 125 112
Contract jobs citing MiFID 0 3 1
As % of all contract IT jobs located in Scotland - 0.11% 0.043%
As % of the Quality Assurance & Compliance category - 1.06% 0.48%
Number of daily rates quoted 0 1 0
Average daily rate - £375 -
UK excluding London average daily rate £356 £375 -
% change year-on-year
-5.06% -
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
284 282 210
As % of all contract IT jobs located in Scotland 11.15% 10.38% 8.98%
Number of daily rates quoted 131 171 113
Average daily rate £375 £375 £325
Average daily rate % change year-on-year
- +15.38%
90% offered a daily rate of more than £225 £174 £175
10% offered a daily rate of more than £500 £500 £444
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 5 6 5
Average hourly rate £22.00 £15.77 £13.50
Average hourly rate % change year-on-year
+39.50% +16.81%
90% offered a hourly rate of more than £13.25 £13.94 £10.80
10% offered a hourly rate of more than £38.75 £47.50 £24.84
UK excluding London average hourly rate £42.50 £23.25 £17.08
% change year-on-year
+82.79% +36.16%

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 30 Related IT Skills in Scotland

For the 6 months to 11 February 2016, 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 13 (81.25%) Finance
2 9 (56.25%) Asset Management
3 7 (43.75%) Investment Management
4 6 (37.50%) Business Analysis
5 4 (25.00%) .NET
5 4 (25.00%) Fund Management
6 3 (18.75%) Microsoft
6 3 (18.75%) Bloomberg
6 3 (18.75%) Unit4 Business World
6 3 (18.75%) Back Office
6 3 (18.75%) thinkFolio
6 3 (18.75%) Markit EDM
7 2 (12.50%) IIBA
7 2 (12.50%) Portfolio Management
7 2 (12.50%) Banking
7 2 (12.50%) Stakeholder Management
7 2 (12.50%) ISEB
7 2 (12.50%) Eikon
7 2 (12.50%) FactSet
8 1 (6.25%) EMIR
8 1 (6.25%) Dodd-Frank
8 1 (6.25%) SDLC
8 1 (6.25%) MS Excel
8 1 (6.25%) IBM
8 1 (6.25%) WebSphere MQ
8 1 (6.25%) Ab Initio
8 1 (6.25%) Equities
8 1 (6.25%) Information Security
8 1 (6.25%) Agile Software Development
8 1 (6.25%) Financial Institution

MiFID
Top Related IT Skills in Scotland by Category

For the 6 months to 11 February 2016, 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 (6.25%) WebSphere
Applications
1 1 (6.25%) MS Excel
Business Applications
1 3 (18.75%) Markit EDM
1 3 (18.75%) thinkFolio
1 3 (18.75%) Unit4 Business World
2 2 (12.50%) Eikon
General
1 13 (81.25%) Finance
2 3 (18.75%) Back Office
3 2 (12.50%) Banking
4 1 (6.25%) Financial Institution
Job Titles
1 9 (56.25%) Analyst
2 8 (50.00%) Business Analyst
3 7 (43.75%) Architect
3 7 (43.75%) Solutions Architect
4 6 (37.50%) MiFID Architect
5 5 (31.25%) MiFID Business Analyst
6 2 (12.50%) Business Change Analyst
6 2 (12.50%) Business Change Business Analyst
6 2 (12.50%) Regulatory Business Analyst
6 2 (12.50%) Solutions Analyst
7 1 (6.25%) Asset Management Analyst
7 1 (6.25%) Asset Management Business Analyst
7 1 (6.25%) Strategy Architect
Libraries, Frameworks & Software Standards
1 4 (25.00%) .NET
2 1 (6.25%) IBM Integration Bus
2 1 (6.25%) WebSphere MQ
Miscellaneous
1 1 (6.25%) Equities
Processes & Methodologies
1 9 (56.25%) Asset Management
2 7 (43.75%) Investment Management
3 6 (37.50%) Business Analysis
4 4 (25.00%) Fund Management
5 2 (12.50%) Portfolio Management
5 2 (12.50%) Stakeholder Management
6 1 (6.25%) Agile Software Development
6 1 (6.25%) Capacity Management
6 1 (6.25%) Data Analysis
6 1 (6.25%) Information Security
6 1 (6.25%) SDLC
6 1 (6.25%) Software Distribution
Qualifications
1 2 (12.50%) IIBA
1 2 (12.50%) ISEB
2 1 (6.25%) Degree
Quality Assurance & Compliance
1 1 (6.25%) Dodd-Frank
1 1 (6.25%) EMIR
Vendors
1 3 (18.75%) Bloomberg
1 3 (18.75%) Microsoft
2 2 (12.50%) FactSet
3 1 (6.25%) Ab Initio
3 1 (6.25%) IBM