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 29 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
29 May 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank - 146 -
Contract jobs citing MiFID 0 1 0
As % of all contract IT jobs located in the South West - 0.034% -
As % of the Quality Assurance & Compliance category - 0.33% -
Number of daily rates quoted 0 1 0
Average daily rate
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- £110 -
UK excluding London average daily rate £400 £650 £350
% change year-on-year
-38.46% +85.71%
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
259 299 201
As % of all contract IT jobs located in the South West 8.61% 10.09% 9.82%
Number of daily rates quoted 170 190 117
Average daily rate £400 £393 £403
Average daily rate % change year-on-year
+1.78% -2.36%
90% offered a daily rate of more than £225 £250 £225
10% offered a daily rate of more than £608 £550 £500
UK excluding London average daily rate £375 £363 £350
% change year-on-year
+3.44% +3.57%
Number of hourly rates quoted 14 27 12
Average hourly rate £42.25 £37.50 £27.50
Average hourly rate % change year-on-year
+12.66% +36.36%
90% offered a hourly rate of more than £16.23 £14.85 £12.14
10% offered a hourly rate of more than £45.00 £42.05 £146.00
UK excluding London average hourly rate £21.55 £21.00 £18.50
% change year-on-year
+2.61% +13.51%

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