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 27 July 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
27 Jul 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 515 570 551
Rank change year-on-year
+55 -19
Contract jobs citing MiFID 96 23 34
As % of all contract IT jobs located in the UK 0.17% 0.042% 0.067%
As % of the Quality Assurance & Compliance category 2.11% 0.53% 0.88%
Number of daily rates quoted 75 22 31
Average daily rate
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of your Daily Rate
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£625 £506 £675
Average daily rate % change year-on-year
+23.63% -25.11%
90% offered a daily rate of more than £482 £129 £550
10% offered a daily rate of more than £750 £743 £800
UK excluding London average daily rate £475 £550 £375
% change year-on-year
-13.63% +46.66%
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
4559 4319 3848
As % of all contract IT jobs located in the UK 7.99% 7.89% 7.55%
Number of daily rates quoted 2942 2611 2285
Average daily rate £425 £400 £425
Average daily rate % change year-on-year
+6.25% -5.88%
90% offered a daily rate of more than £250 £231 £275
10% offered a daily rate of more than £600 £550 £600
UK excluding London average daily rate £388 £375 £350
% change year-on-year
+3.33% +7.14%
Number of hourly rates quoted 173 195 153
Average hourly rate £21.15 £20.00 £19.00
Average hourly rate % change year-on-year
+5.72% +5.26%
90% offered a hourly rate of more than £12.14 £12.50 £9.85
10% offered a hourly rate of more than £51.17 £43.22 £42.50
UK excluding London average hourly rate £21.51 £20.21 £17.50
% change year-on-year
+6.47% +15.45%

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 27 July 2015.

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 8 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 27 July 2015. 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 +48 92 £625 +28.60% 29
London +77 91 £625 +23.63% 25
City of London +2 17 £644 +33.97% 12
Docklands, London - 2 £575 -
South West -1 1 £450 +309.09%
Scotland -1 1 £475 +5.55% 2
Bristol - 1 £450 -
Edinburgh - 1 £475 - 1

MiFID
Top 30 Related IT Skills

For the 6 months to 27 July 2015, 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 89 (59.73%) EMIR
2 88 (59.06%) Banking
3 66 (44.30%) Finance
3 66 (44.30%) Dodd-Frank
4 55 (36.91%) Investment Banking
5 47 (31.54%) Front Office
6 34 (22.82%) Stakeholder Management
7 31 (20.81%) Fixed Income
7 31 (20.81%) Equities
8 29 (19.46%) Business Analysis
8 29 (19.46%) Derivative
9 27 (18.12%) Asset Management
10 26 (17.45%) Foreign Exchange (FX)
11 24 (16.11%) Project Management
12 20 (13.42%) SQL
13 15 (10.07%) Scrum
14 13 (8.72%) Back Office
14 13 (8.72%) Investment Management
14 13 (8.72%) AIFMD
15 11 (7.38%) Target Operating Model
15 11 (7.38%) FATCA
15 11 (7.38%) Wealth Management
16 10 (6.71%) Workflow
16 10 (6.71%) Change Management
16 10 (6.71%) MS Excel
16 10 (6.71%) MS Visio
16 10 (6.71%) Solvency II
17 9 (6.04%) Agile Software Development
17 9 (6.04%) JIRA
18 8 (5.37%) Degree

MiFID
Top Related IT Skills by Category

For the 6 months to 27 July 2015, 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 (0.67%) SharePoint
1 1 (0.67%) Oracle Workflow
Applications
1 10 (6.71%) MS Excel
1 10 (6.71%) MS Visio
2 4 (2.68%) MS PowerPoint
3 3 (2.01%) MS Project
4 1 (0.67%) MS Office
4 1 (0.67%) Open Workbench
Communications & Networking
1 1 (0.67%) HTTPS
1 1 (0.67%) DSL
Database & Business Intelligence
1 4 (2.68%) Data Mining
2 2 (1.34%) SQL Server
3 1 (0.67%) Data Warehouse
Development Applications
1 9 (6.04%) JIRA
2 2 (1.34%) Toad
3 1 (0.67%) Rational Rose
General
1 88 (59.06%) Banking
2 66 (44.30%) Finance
3 55 (36.91%) Investment Banking
4 47 (31.54%) Front Office
5 13 (8.72%) Back Office
6 6 (4.03%) Legal
7 5 (3.36%) Retail
7 5 (3.36%) Private Banking
8 3 (2.01%) Advertising
9 2 (1.34%) Games
9 2 (1.34%) Marketing
10 1 (0.67%) Retail Banking
10 1 (0.67%) Corporate Banking
10 1 (0.67%) Financial Institution
10 1 (0.67%) Telecoms
Job Titles
1 88 (59.06%) Analyst
2 87 (58.39%) Business Analyst
3 43 (28.86%) Project Manager
4 15 (10.07%) Senior Business Analyst
4 15 (10.07%) Senior Analyst
5 14 (9.40%) Banking Business Analyst
6 11 (7.38%) Lead Business Analyst
7 8 (5.37%) MiFID Business Analyst
7 8 (5.37%) MiFID Project Manager
7 8 (5.37%) Project Analyst
8 7 (4.70%) Delivery Manager
8 7 (4.70%) IT Business Analyst
8 7 (4.70%) Development Manager
9 6 (4.03%) Investment Banking Business Analyst
10 5 (3.36%) Business Manager
10 5 (3.36%) Developer
10 5 (3.36%) Business Project Manager
11 3 (2.01%) Technical Business Analyst
11 3 (2.01%) Contracts Manager
11 3 (2.01%) Technical Analyst
Libraries, Frameworks & Software Standards
1 5 (3.36%) FpML
2 2 (1.34%) .NET
2 2 (1.34%) XML
3 1 (0.67%) Middleware
3 1 (0.67%) FIX Protocol
Miscellaneous
1 31 (20.81%) Fixed Income
1 31 (20.81%) Equities
2 29 (19.46%) Derivative
3 26 (17.45%) Foreign Exchange (FX)
4 8 (5.37%) Reference Data
5 7 (4.70%) Credit Risk
5 7 (4.70%) ASIC
6 6 (4.03%) Market Risk
7 5 (3.36%) Analytical Skills
8 4 (2.68%) DTCC
9 3 (2.01%) Equity Derivative
9 3 (2.01%) Hedge funds
10 2 (1.34%) User Experience
10 2 (1.34%) Computer Science
11 1 (0.67%) Management Information System
11 1 (0.67%) Interest Rate Derivative
Processes & Methodologies
1 34 (22.82%) Stakeholder Management
2 29 (19.46%) Business Analysis
3 27 (18.12%) Asset Management
4 24 (16.11%) Project Management
5 15 (10.07%) Scrum
6 13 (8.72%) Investment Management
7 11 (7.38%) Target Operating Model
7 11 (7.38%) Wealth Management
8 10 (6.71%) Workflow
8 10 (6.71%) Change Management
9 9 (6.04%) Agile Software Development
10 7 (4.70%) Data Analysis
10 7 (4.70%) Validation
10 7 (4.70%) SDLC
11 6 (4.03%) Fund Management
12 5 (3.36%) User Acceptance Testing
12 5 (3.36%) Risk Management
12 5 (3.36%) System Testing
13 4 (2.68%) Line Management
13 4 (2.68%) Test Strategy
Programming Languages
1 20 (13.42%) SQL
2 4 (2.68%) C#
3 3 (2.01%) VBA
4 2 (1.34%) Python
4 2 (1.34%) Ruby
4 2 (1.34%) C++
4 2 (1.34%) Java
4 2 (1.34%) Perl
Qualifications
1 8 (5.37%) Degree
2 4 (2.68%) ISEB
3 3 (2.01%) IIBA
3 3 (2.01%) CBAP
4 2 (1.34%) PRINCE2 Certification
5 1 (0.67%) CISA
5 1 (0.67%) CISM
Quality Assurance & Compliance
1 89 (59.73%) EMIR
2 66 (44.30%) Dodd-Frank
3 13 (8.72%) AIFMD
4 11 (7.38%) FATCA
5 10 (6.71%) Solvency II
6 2 (1.34%) Sarbanes-Oxley
6 2 (1.34%) QA
7 1 (0.67%) Basel III
7 1 (0.67%) ISO/IEC 27001
7 1 (0.67%) UCITS
Systems Management
1 7 (4.70%) HP Quality Center
Vendors
1 7 (4.70%) HP
2 6 (4.03%) Oracle
3 4 (2.68%) Microsoft
4 3 (2.01%) Fidessa
4 3 (2.01%) Salesforce.com
5 2 (1.34%) Bloomberg
5 2 (1.34%) Charles River
5 2 (1.34%) Actimize
5 2 (1.34%) Sybase
5 2 (1.34%) Pega
6 1 (0.67%) Informatica
6 1 (0.67%) Wall Street Systems
City of London
Orgtel
Rate: £500 - £525 per day
Posted: 21 days ago
City of London
Real Staffing
Rate: £450 - £525 per day + competitive
Posted: 25 days ago
London
Huxley Banking & Financial Services
Rate: £600 - £700 per day
Posted: 25 days ago
London
Hays IT - Uk Posting account
Rate: £550.00 - £650.00 per day
Posted: 26 days ago