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 July 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 Jul 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 519 544 587
Rank change year-on-year
+25 +43
Contract jobs citing MiFID 142 98 23
As % of all contract IT jobs located in the UK 0.26% 0.17% 0.043%
As % of the Quality Assurance & Compliance category 2.77% 1.81% 0.45%
Number of daily rates quoted 96 77 22
Median daily rate £525 £625 £506
Median daily rate % change year-on-year
-16.00% +23.63%
90% offered a daily rate of more than £368 £493 £129
10% offered a daily rate of more than £625 £750 £743
UK excluding London median daily rate £475 £475 £550
% change year-on-year
- -13.63%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
5132 5401 5080
As % of all contract IT jobs located in the UK 9.50% 9.48% 9.43%
Number of daily rates quoted 3264 3506 3096
Median daily rate £425 £425 £406
Median daily rate % change year-on-year
- +4.67%
90% offered a daily rate of more than £245 £250 £240
10% offered a daily rate of more than £585 £600 £550
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 204 196 207
Median hourly rate £28.00 £21.67 £20.00
Median hourly rate % change year-on-year
+29.24% +8.32%
90% offered a hourly rate of more than £10.37 £12.50 £12.50
10% offered a hourly rate of more than £47.50 £55.50 £44.10
UK excluding London median hourly rate £28.00 £22.50 £20.21
% change year-on-year
+24.44% +11.35%

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 July 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 20 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 July 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 +41 139 £525 -16.00% 24
London +24 122 £550 -12.87% 20
City of London +52 23 £581 -10.57% 14
South East - 14 £538 - 4
Kent - 9 £525 -
Scotland +2 3 £338 -28.94%
West Sussex - 3 £450 - 4
Yorkshire - 2 £350 -
Glasgow - 2 £329 -
Sheffield - 2 £350 -
Crawley - 2 £450 - 4
South Yorkshire - 2 £350 -
Edinburgh -4 1 £425 -10.52%
Newcastle upon Tyne - 1 £425 -
North East - 1 £425 -
Tyne and Wear - 1 £425 -
East Sussex - 1 £700 -
Surrey - 1 £550 -
Horsham - 1 - -
Tonbridge - 1 £525 -

MiFID
Top 30 Related IT Skills

For the 6 months to 25 July 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.

1 137 (49.82%) Finance
2 130 (47.27%) Banking
3 83 (30.18%) Investment Banking
4 69 (25.09%) EMIR
5 61 (22.18%) Business Analysis
5 61 (22.18%) Dodd-Frank
6 58 (21.09%) Agile Software Development
7 57 (20.73%) Front Office
8 56 (20.36%) Stakeholder Management
9 53 (19.27%) Project Management
10 37 (13.45%) Asset Management
11 33 (12.00%) Derivative
12 32 (11.64%) Equities
13 30 (10.91%) Degree
14 28 (10.18%) Fixed Income
14 28 (10.18%) Change Management
14 28 (10.18%) User Acceptance Testing
15 27 (9.82%) Legal
16 26 (9.45%) Back Office
16 26 (9.45%) Foreign Exchange (FX)
16 26 (9.45%) Investment Management
16 26 (9.45%) Stakeholder Engagement
16 26 (9.45%) Analytical Skills
17 24 (8.73%) FATCA
18 21 (7.64%) SQL
18 21 (7.64%) SDLC
19 20 (7.27%) Hedge funds
19 20 (7.27%) C#
20 17 (6.18%) Scrum
20 17 (6.18%) 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 7 (2.55%) Skype for Business
2 3 (1.09%) SharePoint
3 1 (0.36%) IBM Notes
3 1 (0.36%) SharePoint 2010
Applications
1 12 (4.36%) MS PowerPoint
2 11 (4.00%) MS Office
3 9 (3.27%) MS Excel
4 7 (2.55%) MS Project
5 5 (1.82%) MS Visio
Business Applications
1 10 (3.64%) Summit
2 2 (0.73%) ION MarketView
3 1 (0.36%) Oracle Procure-to-Pay
3 1 (0.36%) SunGard GMI
Cloud Services
1 1 (0.36%) IBM Blueworks
Communications & Networking
1 6 (2.18%) PBX
2 4 (1.45%) Intranet
3 3 (1.09%) HTTP
4 2 (0.73%) Firewall
4 2 (0.73%) SNMP
5 1 (0.36%) BGP
5 1 (0.36%) Cisco IOS
5 1 (0.36%) EIGRP
5 1 (0.36%) Ethernet
5 1 (0.36%) Extranet
5 1 (0.36%) Internet
5 1 (0.36%) IPsec
5 1 (0.36%) Junos
5 1 (0.36%) LAN
5 1 (0.36%) MPLS
5 1 (0.36%) Multicast
5 1 (0.36%) OSPF
5 1 (0.36%) TCP/IP
5 1 (0.36%) VPN
5 1 (0.36%) WAN
Database & Business Intelligence
1 7 (2.55%) SQL Server
2 4 (1.45%) Data Warehouse
2 4 (1.45%) KDB
3 3 (1.09%) Oracle Reports
3 3 (1.09%) QlikView
3 3 (1.09%) Relational Database
3 3 (1.09%) SQL Server 2012
4 2 (0.73%) SQL Server 2008
4 2 (0.73%) SQL Server Integration Services
5 1 (0.36%) Big Data
5 1 (0.36%) Data Mining
5 1 (0.36%) Hadoop
5 1 (0.36%) MS Access
5 1 (0.36%) NoSQL
5 1 (0.36%) RDBMS
5 1 (0.36%) SQL Server Reporting Services
Development Applications
1 4 (1.45%) Visual Studio Tools for Office
2 3 (1.09%) Team Foundation Server
3 2 (0.73%) Cucumber
3 2 (0.73%) Selenium
3 2 (0.73%) Subversion
4 1 (0.36%) JIRA
4 1 (0.36%) TeamCity
General
1 137 (49.82%) Finance
2 130 (47.27%) Banking
3 83 (30.18%) Investment Banking
4 57 (20.73%) Front Office
5 27 (9.82%) Legal
6 26 (9.45%) Back Office
7 17 (6.18%) Retail
8 9 (3.27%) Financial Institution
9 7 (2.55%) Marketing
10 6 (2.18%) Retail Banking
11 5 (1.82%) French Language
12 3 (1.09%) Private Banking
13 2 (0.73%) Spanish Language
14 1 (0.36%) German Language
14 1 (0.36%) Law
Job Titles
1 153 (55.64%) Analyst
2 135 (49.09%) Business Analyst
3 66 (24.00%) MiFID Business Analyst
4 62 (22.55%) Project Manager
5 39 (14.18%) Regulatory Business Analyst
6 31 (11.27%) MiFID Project Manager
7 25 (9.09%) Banking Analyst
8 24 (8.73%) Developer
9 22 (8.00%) Report Analyst
10 17 (6.18%) Regulatory Reporting Business Analyst
11 16 (5.82%) C# Developer
12 15 (5.45%) Programme Manager
13 13 (4.73%) Investment Banking Business Analyst
13 13 (4.73%) Project Analyst
13 13 (4.73%) Senior Manager
14 12 (4.36%) Business IT Analyst
14 12 (4.36%) IT Analyst
14 12 (4.36%) IT Business Analyst
14 12 (4.36%) Senior Project Manager
15 11 (4.00%) Technical Analyst
Libraries, Frameworks & Software Standards
1 16 (5.82%) XML
2 12 (4.36%) .NET
3 9 (3.27%) Web Services
4 5 (1.82%) FIXML
4 5 (1.82%) FpML
4 5 (1.82%) WPF
5 4 (1.45%) OOXML
5 4 (1.45%) WinForms
6 3 (1.09%) .NET Framework
6 3 (1.09%) AngularJS
6 3 (1.09%) HTML
7 2 (0.73%) ASP.NET
7 2 (0.73%) ASP.NET MVC
7 2 (0.73%) CSS
7 2 (0.73%) FIX Protocol
7 2 (0.73%) HTML5
7 2 (0.73%) WCF
8 1 (0.36%) Entity Framework
8 1 (0.36%) Middleware
8 1 (0.36%) Spring
Miscellaneous
1 33 (12.00%) Derivative
2 32 (11.64%) Equities
3 28 (10.18%) Fixed Income
4 26 (9.45%) Analytical Skills
4 26 (9.45%) Foreign Exchange (FX)
5 20 (7.27%) Hedge funds
6 14 (5.09%) Equity Derivative
6 14 (5.09%) Management Information System
7 11 (4.00%) Market Risk
8 10 (3.64%) Computer Science
9 6 (2.18%) Reference Data
10 4 (1.45%) Fintech
11 3 (1.09%) Credit Derivative
11 3 (1.09%) PMI
12 2 (0.73%) Data Integration
12 2 (0.73%) Economics
12 2 (0.73%) Mathematics
12 2 (0.73%) OTC Derivatives
12 2 (0.73%) SWIFT
12 2 (0.73%) Virtual Team
Operating Systems
1 6 (2.18%) Unix
2 5 (1.82%) Windows
3 3 (1.09%) Linux
3 3 (1.09%) Windows 7
4 1 (0.36%) AIX
4 1 (0.36%) Oracle Linux
4 1 (0.36%) Red Hat Enterprise Linux
4 1 (0.36%) Solaris
Processes & Methodologies
1 61 (22.18%) Business Analysis
2 58 (21.09%) Agile Software Development
3 56 (20.36%) Stakeholder Management
4 53 (19.27%) Project Management
5 37 (13.45%) Asset Management
6 28 (10.18%) Change Management
6 28 (10.18%) User Acceptance Testing
7 26 (9.45%) Investment Management
7 26 (9.45%) Stakeholder Engagement
8 21 (7.64%) SDLC
9 17 (6.18%) Scrum
10 15 (5.45%) PRINCE2
10 15 (5.45%) Wealth Management
11 13 (4.73%) Electronic Trading
12 12 (4.36%) Waterfall
13 11 (4.00%) Data Analysis
13 11 (4.00%) GAP Analysis
13 11 (4.00%) TDD
14 9 (3.27%) Data Protection
14 9 (3.27%) Fund Management
Programming Languages
1 21 (7.64%) SQL
2 20 (7.27%) C#
3 13 (4.73%) Java
4 5 (1.82%) VBA
5 4 (1.45%) JavaScript
6 2 (0.73%) Perl
6 2 (0.73%) PL/SQL
6 2 (0.73%) Python
7 1 (0.36%) RPG
7 1 (0.36%) Ruby
7 1 (0.36%) Scala
Qualifications
1 30 (10.91%) Degree
2 5 (1.82%) ISEB
3 3 (1.09%) PMI Certification
3 3 (1.09%) PRINCE2 Certification
4 2 (0.73%) APMP
5 1 (0.36%) CBAP
5 1 (0.36%) CCDA
5 1 (0.36%) CCIE
5 1 (0.36%) CCNP
5 1 (0.36%) Cisco Certification
5 1 (0.36%) IIBA
5 1 (0.36%) ISTQB
5 1 (0.36%) MBA
Quality Assurance & Compliance
1 69 (25.09%) EMIR
2 61 (22.18%) Dodd-Frank
3 24 (8.73%) FATCA
4 12 (4.36%) AIFMD
5 9 (3.27%) UCITS
6 8 (2.91%) QA
7 2 (0.73%) Basel III
7 2 (0.73%) BS25999
7 2 (0.73%) COBIT
7 2 (0.73%) COSO
7 2 (0.73%) ISO/IEC 27001
8 1 (0.36%) Data Quality
8 1 (0.36%) SLA
System Software
1 1 (0.36%) Veritas Cluster Server
1 1 (0.36%) VMware Infrastructure
Systems Management
1 1 (0.36%) HP Quality Center
Vendors
1 13 (4.73%) Microsoft
2 11 (4.00%) Murex
3 10 (3.64%) Calypso
4 8 (2.91%) Oracle
5 4 (1.45%) Bloomberg
5 4 (1.45%) ION Trading
5 4 (1.45%) Sophis
6 3 (1.09%) Fidessa
7 2 (0.73%) Cisco
7 2 (0.73%) SunGard
7 2 (0.73%) Sybase
8 1 (0.36%) Alias
8 1 (0.36%) Charles River
8 1 (0.36%) HP
8 1 (0.36%) IBM
8 1 (0.36%) Juniper
8 1 (0.36%) Lotus
8 1 (0.36%) Red Hat
8 1 (0.36%) SAP
8 1 (0.36%) Veritas
London
Hatstand Limited
Rate: £500 - £600 per annum
Posted: 4 hours ago
Crawley, West Sussex
Fruition IT Resources Limited
Posted: 3 days ago
City, London
Fruition IT Resources Limited
Rate: £51000 per annum + Excellent Benefits
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City, London
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Rate: £500 - £650 per hour
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Rate: £45,000 - £60,000 plus benefits
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Crawley, West Sussex
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London
Orgtel
Rate: £200 - £225 per day
Posted: 3 days ago