The table below looks at the statistics for MiFID skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited MiFID over the 3 months to 19 September 2014 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
19 Sep 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 584 553 587
Rank change year-on-year
-31 +34
Contract jobs citing MiFID 28 33 17
As % of all contract IT jobs located in the UK 0.049% 0.063% 0.029%
As % of the Quality Assurance & Compliance category 0.63% 0.83% 0.38%
Number of daily rates quoted 26 26 13
Average daily rate
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of your Daily Rate
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£613 £750 £525
Average daily rate % change year-on-year
-18.33% +42.85%
90% offered a daily rate of more than £474 £606 £490
10% offered a daily rate of more than £713 £850 £700
UK excluding London average daily rate £350 £950 -
% change year-on-year
-63.15% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised across the UK.

Quality Assurance & Compliance Category
UK
Contract IT job ads with a match in the
Quality Assurance & Compliance category
4451 3970 4497
As % of all contract IT jobs located in the UK 7.73% 7.52% 7.80%
Number of daily rates quoted 2693 2338 2482
Average daily rate £400 £425 £425
Average daily rate % change year-on-year
-5.88% -
90% offered a daily rate of more than £225 £250 £238
10% offered a daily rate of more than £555 £620 £600
UK excluding London average daily rate £375 £354 £363
% change year-on-year
+6.00% -2.41%
Number of hourly rates quoted 220 161 237
Average hourly rate £19.75 £17.50 £20.00
Average hourly rate % change year-on-year
+12.85% -12.50%
90% offered a hourly rate of more than £12.00 £10.50 £11.00
10% offered a hourly rate of more than £45.00 £37.50 £41.94
UK excluding London average hourly rate £20.00 £17.50 £21.00
% change year-on-year
+14.28% -16.66%

MiFID
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing MiFID within the UK as a proportion of the total demand within the Quality Assurance & Compliance category.

MiFID Jobs Demand Trend in the UK

MiFID
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing MiFID within the UK.

MiFID Daily Rate Trend in the UK

MiFID
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing MiFID within the UK over the 3 months to 19 September 2014.

MiFID Daily Rate Histogram in the UK

MiFID
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing MiFID within the UK.

MiFID Hourly Rate Trend in the UK

MiFID
Top 13 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing MiFID within the UK over the 3 months to 19 September 2014. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England -15 27 £625 -16.66% 11
London +6 24 £625 -16.66% 7
City of London +28 5 £600 +14.28% 2
Scotland - 1 £350 -
Birmingham - - - - 1
North East - - - - 1
Tyne and Wear - - - - 1
West Midlands - - - - 1
Newcastle upon Tyne - - - - 1
Sheffield - - - - 1
Stirling - - - -
South Yorkshire - - - - 1
Yorkshire - - - - 1

MiFID
Top 30 Related IT Skills

For the 6 months to 19 September 2014, IT contractor jobs within the UK citing MiFID also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited MiFID.

1 36 (65.45%) EMIR
2 31 (56.36%) Banking
3 28 (50.91%) Finance
4 21 (38.18%) Investment Banking
5 17 (30.91%) Dodd-Frank
6 16 (29.09%) Risk Management
7 13 (23.64%) ZaiNet
7 13 (23.64%) SAP Oil and Gas
7 13 (23.64%) Brady
7 13 (23.64%) OpenLink
7 13 (23.64%) Endur
7 13 (23.64%) SAP
7 13 (23.64%) ERP
7 13 (23.64%) Murex
7 13 (23.64%) Dynamics NAV
7 13 (23.64%) Dynamics AX
7 13 (23.64%) ETRM
7 13 (23.64%) Triple Point
7 13 (23.64%) OpenLink RightAngle
7 13 (23.64%) Aligne
8 12 (21.82%) Business Analysis
9 10 (18.18%) Analytical Skills
10 9 (16.36%) Derivative
11 8 (14.55%) Stakeholder Management
11 8 (14.55%) SQL
12 6 (10.91%) SQL Server
12 6 (10.91%) Project Management
12 6 (10.91%) Asset Management
12 6 (10.91%) Back Office
13 5 (9.09%) Migration

MiFID
Top Related IT Skills by Category

For the 6 months to 19 September 2014, IT contractor jobs within the UK citing MiFID also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited MiFID. Up to 20 skills are shown per category.

Application Platforms
1 1 (1.82%) SAS
Applications
1 3 (5.45%) MS PowerPoint
2 1 (1.82%) MS Visio
Business Applications
1 13 (23.64%) ZaiNet
1 13 (23.64%) SAP Oil and Gas
1 13 (23.64%) Endur
1 13 (23.64%) Dynamics NAV
1 13 (23.64%) Dynamics AX
1 13 (23.64%) OpenLink RightAngle
1 13 (23.64%) Aligne
Database & Business Intelligence
1 6 (10.91%) SQL Server
Development Applications
1 2 (3.64%) Toad
General
1 31 (56.36%) Banking
2 28 (50.91%) Finance
3 21 (38.18%) Investment Banking
4 6 (10.91%) Back Office
5 4 (7.27%) Front Office
6 2 (3.64%) French Language
6 2 (3.64%) Legal
7 1 (1.82%) Financial Institution
7 1 (1.82%) Manufacturing
7 1 (1.82%) Dutch Language
7 1 (1.82%) Corporate Banking
Job Titles
1 35 (63.64%) Analyst
2 29 (52.73%) Business Analyst
3 15 (27.27%) Project Manager
4 5 (9.09%) Banking Business Analyst
5 3 (5.45%) Data Analyst
5 3 (5.45%) Consultant
5 3 (5.45%) Compliance Analyst
5 3 (5.45%) Customer Analyst
5 3 (5.45%) Investment Banking Business Analyst
6 2 (3.64%) FX Business Analyst
6 2 (3.64%) Project Consultant
6 2 (3.64%) Middle Office Analyst
6 2 (3.64%) Senior Manager
6 2 (3.64%) Senior Business Analyst
6 2 (3.64%) Architect
6 2 (3.64%) Programme Manager
6 2 (3.64%) Business Project Manager
6 2 (3.64%) Senior Analyst
6 2 (3.64%) Technical Business Analyst
6 2 (3.64%) Business Manager
Libraries, Frameworks & Software Standards
1 1 (1.82%) .NET
1 1 (1.82%) .NET Framework
Miscellaneous
1 10 (18.18%) Analytical Skills
2 9 (16.36%) Derivative
3 4 (7.27%) Foreign Exchange (FX)
4 3 (5.45%) Reference Data
5 2 (3.64%) Hedge funds
5 2 (3.64%) Credit Derivative
6 1 (1.82%) PMI
Processes & Methodologies
1 16 (29.09%) Risk Management
2 13 (23.64%) ERP
2 13 (23.64%) ETRM
3 12 (21.82%) Business Analysis
4 8 (14.55%) Stakeholder Management
5 6 (10.91%) Project Management
5 6 (10.91%) Asset Management
6 5 (9.09%) Migration
6 5 (9.09%) Agile Software Development
6 5 (9.09%) PRINCE2
6 5 (9.09%) Wealth Management
7 4 (7.27%) Investment Management
7 4 (7.27%) Data Migration
7 4 (7.27%) Change Management
8 3 (5.45%) Validation
8 3 (5.45%) Stakeholder Engagement
8 3 (5.45%) User Acceptance Testing
9 2 (3.64%) Technical Analysis
9 2 (3.64%) Algorithmic Trading
9 2 (3.64%) Use Case
Programming Languages
1 8 (14.55%) SQL
2 1 (1.82%) VBA
Qualifications
1 3 (5.45%) ISEB
1 3 (5.45%) PRINCE2 Certification
1 3 (5.45%) Degree
2 2 (3.64%) PMI Certification
3 1 (1.82%) PMP
Quality Assurance & Compliance
1 36 (65.45%) EMIR
2 17 (30.91%) Dodd-Frank
3 4 (7.27%) FATCA
4 3 (5.45%) UCITS
5 2 (3.64%) Basel III
6 1 (1.82%) Sarbanes-Oxley
6 1 (1.82%) Basel II
6 1 (1.82%) Solvency II
Vendors
1 13 (23.64%) Brady
1 13 (23.64%) OpenLink
1 13 (23.64%) SAP
1 13 (23.64%) Murex
1 13 (23.64%) Triple Point
2 1 (1.82%) GoldenSource
2 1 (1.82%) Informatica
2 1 (1.82%) Pega
London
Hays IT - Uk Posting account
Rate: £500.00 - £600.00 per day
Posted: Yesterday
London
Hays IT - Uk Posting account
Rate: £500.00 - £650 per day
Posted: 15 days ago
City of London
Huxley Associates
Rate: £600 - £750 per day + competitive
Posted: 16 days ago
London
Hays IT - Uk Posting account
Rate: £500.00 - £600.00 per day
Posted: 18 days ago