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 average contractor rates offered in IT contracts that have cited MiFID over the 3 months to 23 January 2015 with a comparison to the same period in 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.

Location
3 months to
23 Jan 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank - - 126
Contract jobs citing MiFID 0 0 2
As % of all contract IT jobs located in the South West - - 0.081%
As % of the Quality Assurance & Compliance category - - 1.10%
Number of daily rates quoted 0 0 2
Average daily rate
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- - £115
UK excluding London average daily rate £413 - £115
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average 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
309 220 182
As % of all contract IT jobs located in the South West 9.94% 8.97% 7.34%
Number of daily rates quoted 201 142 102
Average daily rate £450 £350 £375
Average daily rate % change year-on-year
+28.57% -6.66%
90% offered a daily rate of more than £245 £180 £250
10% offered a daily rate of more than £673 £540 £500
UK excluding London average daily rate £375 £350 £330
% change year-on-year
+7.14% +6.06%
Number of hourly rates quoted 15 9 23
Average hourly rate £40.00 £27.50 £37.00
Average hourly rate % change year-on-year
+45.45% -25.67%
90% offered a hourly rate of more than £15.05 £12.25 £13.75
10% offered a hourly rate of more than £62.50 £42.00 £43.25
UK excluding London average hourly rate £19.00 £17.23 £22.75
% change year-on-year
+10.30% -24.28%

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