The first table below looks at the demand 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 24 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance category for the Scotland region.

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
24 Jul 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 131 113 -
Rank change year-on-year
-18 -
Contract jobs citing MiFID 1 3 0
As % of all contract IT jobs located in Scotland 0.036% 0.12% -
As % of the Quality Assurance & Compliance category 0.59% 1.96% -
Number of daily rates quoted 1 3 0
Average daily rate
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£450 £375 -
Average daily rate % change year-on-year
+20.00% -
UK excluding London average daily rate £550 £375 £400
% change year-on-year
+46.66% -6.25%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Quality Assurance & Compliance Category
Scotland
Contract IT job ads with a match in the
Quality Assurance & Compliance category
169 153 152
As % of all contract IT jobs located in Scotland 6.09% 6.20% 5.79%
Number of daily rates quoted 89 74 51
Average daily rate £400 £339 £338
Average daily rate % change year-on-year
+18.08% +0.37%
90% offered a daily rate of more than £250 £195 £266
10% offered a daily rate of more than £550 £500 £475
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 8 10 19
Average hourly rate £20.00 £9.25 £11.00
Average hourly rate % change year-on-year
+116.21% -15.90%
90% offered a hourly rate of more than £12.05 £9.23 £9.50
10% offered a hourly rate of more than £22.95 £12.46 £18.50
UK excluding London average hourly rate £20.21 £17.50 £19.00
% change year-on-year
+15.45% -7.89%
MiFID
UK

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 14 Related IT Skills in Scotland

For the 6 months to 24 July 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 5 (100.00%) Finance
2 4 (80.00%) Investment Management
3 3 (60.00%) Solvency II
3 3 (60.00%) Business Analysis
3 3 (60.00%) Sarbanes-Oxley
3 3 (60.00%) Basel II
4 2 (40.00%) Data Governance
5 1 (20.00%) Data Quality
5 1 (20.00%) EMIR
5 1 (20.00%) Systems Analysis
5 1 (20.00%) Back Office
5 1 (20.00%) Wealth Management
5 1 (20.00%) Stakeholder Management
5 1 (20.00%) Agile Software Development

MiFID
Top Related IT Skills in Scotland by Category

For the 6 months to 24 July 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 5 (100.00%) Finance
2 1 (20.00%) Back Office
Job Titles
1 4 (80.00%) Analyst
2 3 (60.00%) Business Analyst
3 2 (40.00%) Financial Services Business Analyst
3 2 (40.00%) Financial Business Analyst
4 1 (20.00%) IT Business Analyst
4 1 (20.00%) Solvency II Business Analyst
4 1 (20.00%) Programme Manager
4 1 (20.00%) Data Analyst
Processes & Methodologies
1 4 (80.00%) Investment Management
2 3 (60.00%) Business Analysis
3 2 (40.00%) Data Governance
4 1 (20.00%) Systems Analysis
4 1 (20.00%) Wealth Management
4 1 (20.00%) Stakeholder Management
4 1 (20.00%) Agile Software Development
Quality Assurance & Compliance
1 3 (60.00%) Solvency II
1 3 (60.00%) Sarbanes-Oxley
1 3 (60.00%) Basel II
2 1 (20.00%) Data Quality
2 1 (20.00%) EMIR