The first table below looks at the demand for MiFID skills in IT contracts advertised for the South West region. Included is a guide to the average contractor rates offered in IT contracts that have cited MiFID over the 3 months to 18 April 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 South West 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
18 Apr 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank - 121 -
Contract jobs citing MiFID 0 2 0
As % of all contract IT jobs located in the South West - 0.086% -
As % of the Quality Assurance & Compliance category - 0.96% -
Number of daily rates quoted 0 2 0
Average daily rate - £115 -
UK excluding London average daily rate £550 £344 -
% change year-on-year
+60.00% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Quality Assurance & Compliance Category
South West
Contract IT job ads with a match in the
Quality Assurance & Compliance category
324 208 253
As % of all contract IT jobs located in the South West 9.78% 8.94% 6.97%
Number of daily rates quoted 200 125 122
Average daily rate £400 £350 £425
Average daily rate % change year-on-year
+14.28% -17.64%
90% offered a daily rate of more than £275 £240 £200
10% offered a daily rate of more than £600 £500 £498
UK excluding London average daily rate £365 £330 £350
% change year-on-year
+10.60% -5.71%
Number of hourly rates quoted 23 7 26
Average hourly rate £37.50 £37.50 £35.50
Average hourly rate % change year-on-year
- +5.63%
90% offered a hourly rate of more than £13.50 £25.10 £12.42
10% offered a hourly rate of more than £42.25 £162.50 £37.50
UK excluding London average hourly rate £18.00 £15.25 £16.43
% change year-on-year
+18.03% -7.15%
MiFID
England

MiFID
Jobs Demand Trend in the South West

This chart provides a 3-month moving total of IT contractor jobs citing MiFID across the South West region as a proportion of the total demand within the Quality Assurance & Compliance category.

MiFID Jobs Demand Trend in the South West

MiFID
Daily Rate Trend in the South West

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing MiFID across the South West region.

MiFID Daily Rate Trend in the South West