The table below looks at the statistics for MiFID skills in IT contracts advertised for the Scotland region. Included is a guide to the contractor rates offered in IT contracts that have cited MiFID over the 3 months to 23 February 2017 with a comparison to the same period over 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.

3 months to
23 Feb 2017
Same period 2016 Same period 2015
Markets in Financial Instruments Directive (MiFID)
UK / Scotland
Rank 96 129 120
Rank change year-on-year
+33 -9
Contract jobs citing MiFID 10 1 3
As % of all contract IT jobs located in Scotland 0.58% 0.039% 0.11%
As % of the Quality Assurance & Compliance category 6.25% 0.34% 1.11%
Number of daily rates quoted 5 1 1
Median daily rate £403 £325 £375
Median daily rate % change year-on-year
+23.84% -13.33%
UK excluding London median daily rate £419 £341 £375
% change year-on-year
+22.98% -9.20%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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
160 292 271
As % of all contract IT jobs located in Scotland 9.22% 11.34% 9.90%
Number of daily rates quoted 84 138 169
Median daily rate £325 £375 £400
Median daily rate % change year-on-year
-13.33% -6.25%
90% offered a daily rate of more than £158 £215 £200
10% offered a daily rate of more than £450 £500 £500
UK excluding London median daily rate £420 £400 £395
% change year-on-year
+5.00% +1.26%
Number of hourly rates quoted 2 3 7
Median hourly rate £20.50 £16.00 £15.77
Median hourly rate % change year-on-year
+28.12% +1.45%
90% offered a hourly rate of more than £18.50 £8.85 £14.30
10% offered a hourly rate of more than £22.50 £22.00 £47.50
UK excluding London median hourly rate £20.00 £43.25 £23.75
% change year-on-year
-53.75% +82.10%

MiFID
Jobs Demand Trend in Scotland

The demand trend of contract jobs across the Scotland region citing MiFID as a proportion of all IT contracts with a match in 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 median contractor rates quoted in IT jobs citing MiFID within the Scotland region over the 3 months to 23 February 2017. 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 Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Glasgow +4 4 - -
Edinburgh - 4 £413 -
Dundee - 2 £388 -
MiFID
UK

MiFID
Top 30 Related IT Skills in Scotland

For the 6 months to 23 February 2017, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the Scotland region with a requirement for MiFID.

1 8 (66.67%) Finance
2 6 (50.00%) Stakeholder Management
3 5 (41.67%) Banking
4 4 (33.33%) Agile Software Development
4 4 (33.33%) Business Analysis
5 3 (25.00%) Change Management
5 3 (25.00%) JSON
5 3 (25.00%) Spring
5 3 (25.00%) Maven
5 3 (25.00%) Systems Analysis
5 3 (25.00%) Hudson
5 3 (25.00%) Git (software)
5 3 (25.00%) Gradle
5 3 (25.00%) Jenkins
5 3 (25.00%) Relational Database
5 3 (25.00%) EMIR
5 3 (25.00%) Dodd-Frank
5 3 (25.00%) Perforce
5 3 (25.00%) Scrum
5 3 (25.00%) Shell Script
5 3 (25.00%) Java
5 3 (25.00%) SQL
5 3 (25.00%) DB2
5 3 (25.00%) Ant
5 3 (25.00%) SOAP
5 3 (25.00%) XML
5 3 (25.00%) Unix
5 3 (25.00%) OOA/OOD
5 3 (25.00%) OO
6 2 (16.67%) PMI

MiFID
Top Related IT Skills in Scotland by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Database & Business Intelligence
1 3 (25.00%) DB2
1 3 (25.00%) Relational Database
Development Applications
1 3 (25.00%) Ant
1 3 (25.00%) Git (software)
1 3 (25.00%) Gradle
1 3 (25.00%) Hudson
1 3 (25.00%) Jenkins
1 3 (25.00%) Maven
2 1 (8.33%) Concordion
2 1 (8.33%) JBehave
2 1 (8.33%) JUnit
General
1 8 (66.67%) Finance
2 5 (41.67%) Banking
3 1 (8.33%) Corporate Banking
3 1 (8.33%) Legal
3 1 (8.33%) Private Banking
3 1 (8.33%) Retail
3 1 (8.33%) Retail Banking
Job Titles
1 7 (58.33%) Analyst
1 7 (58.33%) Business Analyst
2 3 (25.00%) Developer
2 3 (25.00%) Java Developer
2 3 (25.00%) MiFID Business Analyst
3 2 (16.67%) Business IT Analyst
3 2 (16.67%) IT Analyst
3 2 (16.67%) IT Business Analyst
4 1 (8.33%) Consultant
4 1 (8.33%) MiFID Project Manager
4 1 (8.33%) Project Manager
4 1 (8.33%) Regulatory Business Analyst
4 1 (8.33%) Six Sigma Consultant
4 1 (8.33%) Technical Analyst
4 1 (8.33%) Technical Business Analyst
Libraries, Frameworks & Software Standards
1 3 (25.00%) JSON
1 3 (25.00%) SOAP
1 3 (25.00%) Spring
1 3 (25.00%) XML
2 2 (16.67%) Protocol Buffers
Miscellaneous
1 2 (16.67%) PMI
2 1 (8.33%) Credit Risk
2 1 (8.33%) Derivative
2 1 (8.33%) OTC Derivatives
Operating Systems
1 3 (25.00%) Unix
Processes & Methodologies
1 6 (50.00%) Stakeholder Management
2 4 (33.33%) Agile Software Development
2 4 (33.33%) Business Analysis
3 3 (25.00%) Change Management
3 3 (25.00%) OO
3 3 (25.00%) OOA/OOD
3 3 (25.00%) Scrum
3 3 (25.00%) Systems Analysis
4 2 (16.67%) Domain-Driven Design
4 2 (16.67%) Enterprise Architecture
4 2 (16.67%) Issue Tracking
4 2 (16.67%) Microservices
4 2 (16.67%) Refactoring
4 2 (16.67%) TDD
4 2 (16.67%) Wealth Management
5 1 (8.33%) Business Development
5 1 (8.33%) Continuous Deployment
5 1 (8.33%) Continuous Integration
5 1 (8.33%) Knowledge Management
5 1 (8.33%) Release Management
Programming Languages
1 3 (25.00%) Java
1 3 (25.00%) Shell Script
1 3 (25.00%) SQL
Qualifications
1 2 (16.67%) PMI Certification
2 1 (8.33%) Six Sigma Black Belt
Quality Assurance & Compliance
1 3 (25.00%) Dodd-Frank
1 3 (25.00%) EMIR
2 1 (8.33%) FATCA
2 1 (8.33%) GDPR
2 1 (8.33%) IFRS
2 1 (8.33%) IFRS 9
2 1 (8.33%) QA
2 1 (8.33%) UCITS
System Software
1 1 (8.33%) Docker
Vendors
1 3 (25.00%) Perforce
2 1 (8.33%) Charles River