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 5 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
5 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 £425 £400 £550
% change year-on-year
+6.25% -27.27%
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
295 302 390
As % of all contract IT jobs located in the South West 10.14% 9.89% 12.04%
Number of daily rates quoted 169 185 243
Median daily rate £400 £420 £400
Median daily rate % change year-on-year
-4.76% +5.00%
90% offered a daily rate of more than £250 £258 £275
10% offered a daily rate of more than £563 £575 £600
UK excluding London median daily rate £400 £388 £365
% change year-on-year
+3.22% +6.16%
Number of hourly rates quoted 30 13 32
Median hourly rate £42.50 £39.50 £27.50
Median hourly rate % change year-on-year
+7.59% +43.63%
90% offered a hourly rate of more than £23.50 £21.00 £14.40
10% offered a hourly rate of more than £50.50 £43.75 £41.80
UK excluding London median hourly rate £22.50 £29.00 £21.00
% change year-on-year
-22.41% +38.09%

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