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 4 May 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
4 May 2015
Same period 2014 Same period 2013
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
Average daily rate
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of your Daily Rate
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- - -
UK excluding London average daily rate £400 £550 £350
% change year-on-year
-27.27% +57.14%
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
252 328 201
As % of all contract IT jobs located in the South West 8.25% 10.16% 8.99%
Number of daily rates quoted 152 201 117
Average daily rate £423 £400 £378
Average daily rate % change year-on-year
+5.62% +5.96%
90% offered a daily rate of more than £250 £270 £240
10% offered a daily rate of more than £600 £600 £500
UK excluding London average daily rate £375 £364 £338
% change year-on-year
+3.09% +7.77%
Number of hourly rates quoted 11 25 8
Average hourly rate £41.25 £40.00 £35.00
Average hourly rate % change year-on-year
+3.12% +14.28%
90% offered a hourly rate of more than £14.60 £13.85 £18.20
10% offered a hourly rate of more than £42.50 £42.15 £161.25
UK excluding London average hourly rate £22.03 £20.56 £15.00
% change year-on-year
+7.11% +37.08%

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