The table below looks at the statistics for MiFID skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited MiFID over the 3 months to 25 September 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
25 Sep 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 480 530 617
Rank change year-on-year
+50 +87
Contract jobs citing MiFID 170 140 29
As % of all contract IT jobs located in the UK 0.32% 0.24% 0.050%
As % of the Quality Assurance & Compliance category 3.37% 2.50% 0.53%
Number of daily rates quoted 114 94 25
Median daily rate £600 £575 £625
Median daily rate % change year-on-year
+4.34% -8.00%
90% offered a daily rate of more than £450 £450 £473
10% offered a daily rate of more than £713 £700 £713
UK excluding London median daily rate £438 £463 £350
% change year-on-year
-5.40% +32.14%
Number of hourly rates quoted 0 1 0
Median hourly rate - £17.00 -
UK excluding London median hourly rate - £17.00 -

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
5045 5593 5438
As % of all contract IT jobs located in the UK 9.54% 9.65% 9.40%
Number of daily rates quoted 3251 3427 3396
Median daily rate £425 £425 £413
Median daily rate % change year-on-year
- +3.03%
90% offered a daily rate of more than £250 £275 £225
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £400 £413 £376
% change year-on-year
-3.03% +9.63%
Number of hourly rates quoted 195 236 241
Median hourly rate £27.60 £25.12 £20.00
Median hourly rate % change year-on-year
+9.87% +25.60%
90% offered a hourly rate of more than £10.00 £11.50 £12.00
10% offered a hourly rate of more than £45.00 £55.00 £48.80
UK excluding London median hourly rate £30.41 £30.00 £20.00
% change year-on-year
+1.35% +50.00%

MiFID
Jobs Demand Trend

The demand trend of contract jobs citing MiFID as a proportion of all IT contracts with a match in 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 25 September 2016.

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 23 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the UK over the 3 months to 25 September 2016. 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +55 165 £600 +4.34% 18
London +27 156 £600 +4.34% 18
City of London +31 35 £650 +16.59% 5
South East - 6 £500 -
Canary Wharf - 6 - -
Scotland +23 5 £381 -19.73%
West Sussex - 4 £450 -
Edinburgh +14 3 £488 +2.63%
Crawley - 3 £450 -
North East -22 2 £308 -
Newcastle upon Tyne -26 2 £308 -
Tyne and Wear -26 2 £308 -
Glasgow - 2 £329 -
South West +15 1 £650 +44.44%
North West - 1 £650 -
Merseyside - 1 £650 -
Milton Keynes - 1 - -
Surrey - 1 £550 -
Somerset - 1 £650 -
Buckinghamshire - 1 - -
Street - 1 £650 -
Liverpool - 1 £650 -
Horsham - 1 - -

MiFID
Top 30 Related IT Skills

For the 6 months to 25 September 2016, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for MiFID.

1 141 (46.53%) Finance
2 133 (43.89%) Banking
3 84 (27.72%) Investment Banking
3 84 (27.72%) Business Analysis
4 70 (23.10%) EMIR
5 63 (20.79%) Stakeholder Management
5 63 (20.79%) Front Office
6 58 (19.14%) Project Management
7 56 (18.48%) Dodd-Frank
8 55 (18.15%) Agile Software Development
9 47 (15.51%) Equities
10 46 (15.18%) Derivative
11 43 (14.19%) Foreign Exchange (FX)
12 42 (13.86%) Fixed Income
13 40 (13.20%) Investment Management
14 39 (12.87%) Degree
15 38 (12.54%) Stakeholder Engagement
16 37 (12.21%) Asset Management
17 35 (11.55%) Change Management
18 30 (9.90%) SQL
18 30 (9.90%) Legal
19 28 (9.24%) User Acceptance Testing
19 28 (9.24%) FATCA
20 25 (8.25%) Wealth Management
21 20 (6.60%) Back Office
22 19 (6.27%) FpML
22 19 (6.27%) Java
23 18 (5.94%) XML
23 18 (5.94%) GAP Analysis
24 17 (5.61%) Retail

MiFID
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 6 (1.98%) Skype for Business
2 3 (0.99%) SharePoint
3 1 (0.33%) SharePoint 2010
Applications
1 11 (3.63%) MS Office
2 8 (2.64%) MS Excel
2 8 (2.64%) MS PowerPoint
2 8 (2.64%) MS Project
3 5 (1.65%) MS Visio
Business Applications
1 5 (1.65%) Summit
2 1 (0.33%) Oracle Procure-to-Pay
2 1 (0.33%) SimCorp Dimension
2 1 (0.33%) SunGard GMI
Cloud Services
1 1 (0.33%) IBM Blueworks
Communications & Networking
1 7 (2.31%) DSL
2 5 (1.65%) Intranet
2 5 (1.65%) PBX
3 2 (0.66%) Firewall
3 2 (0.66%) SNMP
4 1 (0.33%) BGP
4 1 (0.33%) Cisco IOS
4 1 (0.33%) EIGRP
4 1 (0.33%) Ethernet
4 1 (0.33%) Extranet
4 1 (0.33%) HTTP
4 1 (0.33%) Internet
4 1 (0.33%) IPsec
4 1 (0.33%) Junos
4 1 (0.33%) LAN
4 1 (0.33%) MPLS
4 1 (0.33%) OSPF
4 1 (0.33%) TCP/IP
4 1 (0.33%) VPN
4 1 (0.33%) WAN
Database & Business Intelligence
1 8 (2.64%) SQL Server
2 7 (2.31%) KDB
2 7 (2.31%) Oracle Database
3 3 (0.99%) Hadoop
3 3 (0.99%) Kdb+
3 3 (0.99%) SQL Server Analysis Services
4 2 (0.66%) Big Data
4 2 (0.66%) Data Lake
4 2 (0.66%) Oracle Reports
4 2 (0.66%) QlikView
4 2 (0.66%) Relational Database
4 2 (0.66%) SQL Server 2012
5 1 (0.33%) BusinessObjects
5 1 (0.33%) Data Mining
5 1 (0.33%) Hazelcast
5 1 (0.33%) MS Access
5 1 (0.33%) Spotfire
5 1 (0.33%) SQL Server 2008
5 1 (0.33%) SQL Server Integration Services
5 1 (0.33%) Tick Data
Development Applications
1 3 (0.99%) Team Foundation Server
2 2 (0.66%) Eclipse
2 2 (0.66%) Visual Studio Tools for Office
3 1 (0.33%) EasyMock
3 1 (0.33%) JIRA
3 1 (0.33%) JUnit
3 1 (0.33%) Subversion
General
1 141 (46.53%) Finance
2 133 (43.89%) Banking
3 84 (27.72%) Investment Banking
4 63 (20.79%) Front Office
5 30 (9.90%) Legal
6 20 (6.60%) Back Office
7 17 (5.61%) Retail
8 15 (4.95%) Financial Institution
9 7 (2.31%) Marketing
10 5 (1.65%) French Language
11 2 (0.66%) Advertising
11 2 (0.66%) Private Banking
11 2 (0.66%) Retail Banking
11 2 (0.66%) Spanish Language
12 1 (0.33%) Corporate Banking
12 1 (0.33%) Law
12 1 (0.33%) Telecoms
12 1 (0.33%) Wholesale Banking
Job Titles
1 177 (58.42%) Analyst
2 161 (53.14%) Business Analyst
3 106 (34.98%) MiFID Business Analyst
4 56 (18.48%) Project Manager
5 36 (11.88%) Regulatory Business Analyst
6 31 (10.23%) MiFID Project Manager
7 26 (8.58%) Developer
8 22 (7.26%) Report Analyst
9 19 (6.27%) Architect
10 18 (5.94%) Banking Analyst
11 17 (5.61%) Senior Analyst
11 17 (5.61%) Senior Business Analyst
12 16 (5.28%) IT Analyst
13 14 (4.62%) C# Developer
13 14 (4.62%) Project Analyst
14 13 (4.29%) Senior Manager
15 12 (3.96%) Programme Manager
16 11 (3.63%) Business IT Analyst
16 11 (3.63%) IT Business Analyst
16 11 (3.63%) Senior Project Manager
Libraries, Frameworks & Software Standards
1 19 (6.27%) FpML
2 18 (5.94%) XML
3 13 (4.29%) Middleware
4 6 (1.98%) .NET
4 6 (1.98%) HTML
4 6 (1.98%) Web Services
5 3 (0.99%) Boost C++ Libraries
5 3 (0.99%) FIX Protocol
5 3 (0.99%) FIXML
5 3 (0.99%) HTML5
5 3 (0.99%) STL
5 3 (0.99%) WPF
6 2 (0.66%) J2EE
6 2 (0.66%) OOXML
6 2 (0.66%) Spring
6 2 (0.66%) WinForms
6 2 (0.66%) XSD
7 1 (0.33%) .NET Framework
7 1 (0.33%) AngularJS
7 1 (0.33%) CSS
Miscellaneous
1 47 (15.51%) Equities
2 46 (15.18%) Derivative
3 43 (14.19%) Foreign Exchange (FX)
4 42 (13.86%) Fixed Income
5 17 (5.61%) Analytical Skills
6 15 (4.95%) Management Information System
6 15 (4.95%) Reference Data
7 12 (3.96%) Computer Science
7 12 (3.96%) Hedge funds
8 11 (3.63%) Fintech
9 10 (3.30%) Equity Derivative
10 7 (2.31%) ASIC
11 6 (1.98%) DTCC
12 5 (1.65%) OTC Derivatives
13 4 (1.32%) Market Risk
13 4 (1.32%) PMI
14 3 (0.99%) Credit Derivative
14 3 (0.99%) Economics
14 3 (0.99%) Mathematics
14 3 (0.99%) SWIFT
Operating Systems
1 11 (3.63%) Unix
2 7 (2.31%) Linux
3 4 (1.32%) Windows
4 1 (0.33%) AIX
4 1 (0.33%) Oracle Linux
4 1 (0.33%) Red Hat Enterprise Linux
4 1 (0.33%) Solaris
4 1 (0.33%) Windows 7
Processes & Methodologies
1 84 (27.72%) Business Analysis
2 63 (20.79%) Stakeholder Management
3 58 (19.14%) Project Management
4 55 (18.15%) Agile Software Development
5 40 (13.20%) Investment Management
6 38 (12.54%) Stakeholder Engagement
7 37 (12.21%) Asset Management
8 35 (11.55%) Change Management
9 28 (9.24%) User Acceptance Testing
10 25 (8.25%) Wealth Management
11 18 (5.94%) GAP Analysis
12 17 (5.61%) Electronic Trading
13 16 (5.28%) Data Management
13 16 (5.28%) Scrum
13 16 (5.28%) Waterfall
14 14 (4.62%) Data Analysis
14 14 (4.62%) Data Architecture
14 14 (4.62%) Target Operating Model
15 13 (4.29%) Cash Management
15 13 (4.29%) Regulatory Compliance
Programming Languages
1 30 (9.90%) SQL
2 19 (6.27%) Java
3 17 (5.61%) C#
4 6 (1.98%) JavaScript
5 5 (1.65%) C++
6 4 (1.32%) C
7 3 (0.99%) VBA
8 2 (0.66%) Shell Script
9 1 (0.33%) Perl
9 1 (0.33%) Python
9 1 (0.33%) RPG
9 1 (0.33%) Ruby
Qualifications
1 39 (12.87%) Degree
2 6 (1.98%) ISEB
3 4 (1.32%) PMI Certification
4 3 (0.99%) CBAP
5 2 (0.66%) APMP
5 2 (0.66%) PMP
5 2 (0.66%) PRINCE2 Certification
6 1 (0.33%) CCDA
6 1 (0.33%) CCIE
6 1 (0.33%) CCNP
6 1 (0.33%) CFA
6 1 (0.33%) Cisco Certification
6 1 (0.33%) MBA
Quality Assurance & Compliance
1 70 (23.10%) EMIR
2 56 (18.48%) Dodd-Frank
3 28 (9.24%) FATCA
4 13 (4.29%) QA
5 8 (2.64%) UCITS
6 5 (1.65%) AIFMD
7 1 (0.33%) Basel III
7 1 (0.33%) Data Quality
7 1 (0.33%) SLA
7 1 (0.33%) Solvency II
System Software
1 1 (0.33%) Veritas Cluster Server
1 1 (0.33%) VMware Infrastructure
Systems Management
1 2 (0.66%) MOM
2 1 (0.33%) HP Quality Center
Vendors
1 13 (4.29%) Oracle
2 8 (2.64%) Microsoft
3 7 (2.31%) Bloomberg
4 6 (1.98%) Murex
5 4 (1.32%) Calypso
5 4 (1.32%) Sophis
6 3 (0.99%) GoldenSource
6 3 (0.99%) ION Trading
6 3 (0.99%) SunGard
7 2 (0.66%) Charles River
7 2 (0.66%) Cisco
7 2 (0.66%) Cognizant
7 2 (0.66%) Fidessa
7 2 (0.66%) Palantir
7 2 (0.66%) Solace
7 2 (0.66%) TIBCO
7 2 (0.66%) Tradeweb
8 1 (0.33%) FNZ
8 1 (0.33%) Pega
8 1 (0.33%) Tableau
City, London
Hays Finance Technology
Rate: £550.00 - £600.00 per day
Posted: 2 days ago
London
CDI Anders Elite Ltd
Posted: 3 days ago
London
onezeero.
Rate: £550 - £650 per day
Posted: 5 days ago
City, London
Harvey Nash plc
Rate: £675 - £725 per day
Posted: 6 days ago
London
Nicoll Curtin
Rate: £600.00 - £750.00 per day
Posted: 4 days ago
London
McGregor Boyall
Rate: £675 - £800 per day
Posted: 4 days ago
London
McGregor Boyall
Rate: £800 - £1000 per day
Posted: 4 days ago
London
Cititec Associates Limited
Rate: £750 - £850 per day
Posted: 6 days ago