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 24 August 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
24 Aug 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank - 149 147
Contract jobs citing MiFID 0 1 3
As % of all contract IT jobs located in the South West - 0.030% 0.096%
As % of the Quality Assurance & Compliance category - 0.29% 0.72%
Number of daily rates quoted 0 1 3
Median daily rate - £450 £110
Median daily rate % change year-on-year
- +309.09%
UK excluding London median daily rate £438 £475 £110
% change year-on-year
-7.89% +331.81%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - £17.00 -
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
307 345 419
As % of all contract IT jobs located in the South West 10.55% 10.29% 13.45%
Number of daily rates quoted 214 232 283
Median daily rate £390 £420 £438
Median daily rate % change year-on-year
-7.14% -4.00%
90% offered a daily rate of more than £225 £249 £300
10% offered a daily rate of more than £525 £533 £550
UK excluding London median daily rate £400 £400 £380
% change year-on-year
- +5.26%
Number of hourly rates quoted 14 17 30
Median hourly rate £33.60 £23.75 £25.50
Median hourly rate % change year-on-year
+41.47% -6.86%
90% offered a hourly rate of more than £25.63 £13.00 £16.80
10% offered a hourly rate of more than £54.00 £61.50 £43.00
UK excluding London median hourly rate £28.15 £25.00 £20.00
% change year-on-year
+12.60% +25.00%

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