The table below looks at the statistics for MiFID skills in IT contracts advertised for the South West region. Included is a guide to the contractor rates offered in IT contracts that have cited MiFID over the 3 months to 27 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
27 May 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank - - -
Contract jobs citing MiFID 0 0 0
As % of all contract IT jobs located in the South West - - -
As % of the Quality Assurance & Compliance category - - -
Number of daily rates quoted 0 0 0
Median daily rate - - -
UK excluding London median daily rate £513 £400 £650
% change year-on-year
+28.12% -38.46%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
MiFID
England

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 South West region.

Quality Assurance & Compliance Category
South West
Contract IT job ads with a match in the
Quality Assurance & Compliance category
306 299 356
As % of all contract IT jobs located in the South West 10.29% 9.88% 12.01%
Number of daily rates quoted 182 198 227
Median daily rate £400 £400 £390
Median daily rate % change year-on-year
- +2.56%
90% offered a daily rate of more than £275 £225 £275
10% offered a daily rate of more than £600 £593 £550
UK excluding London median daily rate £400 £375 £363
% change year-on-year
+6.66% +3.44%
Number of hourly rates quoted 27 15 33
Median hourly rate £42.50 £42.50 £27.50
Median hourly rate % change year-on-year
- +54.54%
90% offered a hourly rate of more than £29.70 £16.87 £15.00
10% offered a hourly rate of more than £51.30 £45.00 £41.75
UK excluding London median hourly rate £28.25 £22.75 £21.00
% change year-on-year
+24.17% +8.33%

MiFID
Jobs Demand Trend in the South West

The demand trend of contract jobs across the South West region citing MiFID as a proportion of all IT contracts with a match in 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