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 2 May 2016 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
2 May 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 147 128 118
Rank change year-on-year
-19 -10
Contract jobs citing MiFID 4 5 4
As % of all contract IT jobs located in Scotland 0.13% 0.16% 0.15%
As % of the Quality Assurance & Compliance category 1.23% 1.77% 1.50%
Number of daily rates quoted 4 3 1
Median daily rate £525 £400 £550
Median daily rate % change year-on-year
+31.25% -27.27%
UK excluding London median daily rate £425 £400 £550
% change year-on-year
+6.25% -27.27%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
324 283 266
As % of all contract IT jobs located in Scotland 10.90% 9.32% 9.89%
Number of daily rates quoted 165 170 138
Median daily rate £393 £375 £340
Median daily rate % change year-on-year
+4.66% +10.29%
90% offered a daily rate of more than £140 £240 £128
10% offered a daily rate of more than £500 £500 £477
UK excluding London median daily rate £400 £388 £370
% change year-on-year
+3.22% +4.72%
Number of hourly rates quoted 6 5 10
Median hourly rate £13.50 £32.50 £19.75
Median hourly rate % change year-on-year
-58.46% +64.55%
90% offered a hourly rate of more than £9.34 £16.84 £10.45
10% offered a hourly rate of more than £19.50 £35.00 £32.65
UK excluding London median hourly rate £33.00 £29.00 £21.00
% change year-on-year
+13.79% +38.09%

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
Daily Rate Histogram in Scotland

This chart provides a histogram of daily rates quoted in contract IT jobs citing MiFID across the Scotland region over the 3 months to 2 May 2016.

MiFID Daily Rate Histogram 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 2 May 2016. 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 see detailed
statistics and trends)
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
Edinburgh - 2 £525 -
Glasgow +6 1 £325 -18.75%
MiFID
UK

MiFID
Top 26 Related IT Skills in Scotland

For the 6 months to 2 May 2016, 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 6 (75.00%) Finance
2 4 (50.00%) Asset Management
3 3 (37.50%) Investment Management
3 3 (37.50%) .NET
4 2 (25.00%) Unit4 Business World
4 2 (25.00%) Bloomberg
4 2 (25.00%) Banking
4 2 (25.00%) Portfolio Management
4 2 (25.00%) Markit EDM
4 2 (25.00%) Fund Management
4 2 (25.00%) thinkFolio
5 1 (12.50%) IBM Integration Bus
5 1 (12.50%) IIBA
5 1 (12.50%) WebSphere
5 1 (12.50%) Technical Architecture
5 1 (12.50%) Eikon
5 1 (12.50%) FactSet
5 1 (12.50%) AIFMD
5 1 (12.50%) Ab Initio
5 1 (12.50%) Information Security
5 1 (12.50%) Front Office
5 1 (12.50%) Project Management
5 1 (12.50%) WebSphere MQ
5 1 (12.50%) IBM
5 1 (12.50%) Microsoft
5 1 (12.50%) ISEB

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:

Application Platforms
1 1 (12.50%) WebSphere
Business Applications
1 2 (25.00%) Markit EDM
1 2 (25.00%) thinkFolio
1 2 (25.00%) Unit4 Business World
2 1 (12.50%) Eikon
General
1 6 (75.00%) Finance
2 2 (25.00%) Banking
3 1 (12.50%) Front Office
Job Titles
1 4 (50.00%) Architect
1 4 (50.00%) Solutions Architect
2 3 (37.50%) Analyst
2 3 (37.50%) MiFID Architect
2 3 (37.50%) Solutions Analyst
3 1 (12.50%) Project Manager
3 1 (12.50%) Report Manager
3 1 (12.50%) Strategy Architect
Libraries, Frameworks & Software Standards
1 3 (37.50%) .NET
2 1 (12.50%) IBM Integration Bus
2 1 (12.50%) WebSphere MQ
Processes & Methodologies
1 4 (50.00%) Asset Management
2 3 (37.50%) Investment Management
3 2 (25.00%) Fund Management
3 2 (25.00%) Portfolio Management
4 1 (12.50%) Information Security
4 1 (12.50%) Project Management
4 1 (12.50%) Technical Architecture
Qualifications
1 1 (12.50%) IIBA
1 1 (12.50%) ISEB
Quality Assurance & Compliance
1 1 (12.50%) AIFMD
Vendors
1 2 (25.00%) Bloomberg
2 1 (12.50%) Ab Initio
2 1 (12.50%) FactSet
2 1 (12.50%) IBM
2 1 (12.50%) Microsoft