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 December 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 Dec 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 569 549 541
Rank change year-on-year
-20 -8
Contract jobs citing MiFID 26 33 16
As % of all contract IT jobs located in the UK 0.047% 0.064% 0.032%
As % of the Quality Assurance & Compliance category 0.62% 0.88% 0.44%
Number of daily rates quoted 23 29 12
Average daily rate
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£575 £700 £500
Average daily rate % change year-on-year
-17.85% +40.00%
90% offered a daily rate of more than £455 £520 £475
10% offered a daily rate of more than £650 £830 £650
UK excluding London average daily rate £450 - -
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
4182 3770 3661
As % of all contract IT jobs located in the UK 7.58% 7.31% 7.38%
Number of daily rates quoted 2614 2270 2114
Average daily rate £400 £413 £400
Average daily rate % change year-on-year
-3.03% +3.12%
90% offered a daily rate of more than £215 £245 £225
10% offered a daily rate of more than £591 £600 £600
UK excluding London average daily rate £368 £350 £350
% change year-on-year
+5.00% -
Number of hourly rates quoted 182 126 241
Average hourly rate £19.00 £18.63 £20.50
Average hourly rate % change year-on-year
+2.01% -9.14%
90% offered a hourly rate of more than £10.75 £11.00 £11.50
10% offered a hourly rate of more than £45.00 £44.00 £45.00
UK excluding London average hourly rate £18.75 £18.55 £20.00
% change year-on-year
+1.07% -7.25%

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 December 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 14 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 December 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 -36 26 £575 -17.85% 9
London +8 25 £575 -17.85% 8
City of London +8 3 £600 +9.09% 4
Birmingham - 1 £450 -
West Midlands - 1 £450 -
Edinburgh - - - -
Scotland - - - -
Docklands, London - - - -
North East - - - -
Tyne and Wear - - - -
Newcastle upon Tyne - - - -
Sheffield - - - -
South Yorkshire - - - -
Yorkshire - - - -

MiFID
Top 30 Related IT Skills

For the 6 months to 19 December 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 35 (64.81%) Banking
2 33 (61.11%) EMIR
3 25 (46.30%) Investment Banking
4 21 (38.89%) Finance
5 16 (29.63%) Dodd-Frank
6 11 (20.37%) Risk Management
7 10 (18.52%) Stakeholder Management
8 9 (16.67%) Business Analysis
9 8 (14.81%) Derivative
9 8 (14.81%) Investment Management
10 7 (12.96%) ETRM
10 7 (12.96%) Triple Point
10 7 (12.96%) OpenLink RightAngle
10 7 (12.96%) Aligne
10 7 (12.96%) Dynamics NAV
10 7 (12.96%) Dynamics AX
10 7 (12.96%) ZaiNet
10 7 (12.96%) SAP Oil and Gas
10 7 (12.96%) Asset Management
10 7 (12.96%) Brady
10 7 (12.96%) Front Office
10 7 (12.96%) SAP
10 7 (12.96%) ERP
10 7 (12.96%) Murex
10 7 (12.96%) OpenLink
10 7 (12.96%) Endur
11 6 (11.11%) QA
12 5 (9.26%) Agile Software Development
12 5 (9.26%) Analytical Skills
12 5 (9.26%) FATCA

MiFID
Top Related IT Skills by Category

For the 6 months to 19 December 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 2 (3.70%) MTS
Applications
1 2 (3.70%) MS PowerPoint
2 1 (1.85%) MS Office
2 1 (1.85%) MS Visio
Business Applications
1 7 (12.96%) OpenLink RightAngle
1 7 (12.96%) Aligne
1 7 (12.96%) Dynamics NAV
1 7 (12.96%) Dynamics AX
1 7 (12.96%) ZaiNet
1 7 (12.96%) SAP Oil and Gas
1 7 (12.96%) Endur
2 2 (3.70%) ION MarketView
3 1 (1.85%) SunGard Stream Clearvision
3 1 (1.85%) Rolfe and Nolan
Database & Business Intelligence
1 5 (9.26%) SQL Server
Development Applications
1 2 (3.70%) Toad
General
1 35 (64.81%) Banking
2 25 (46.30%) Investment Banking
3 21 (38.89%) Finance
4 7 (12.96%) Front Office
5 5 (9.26%) Back Office
6 2 (3.70%) French Language
7 1 (1.85%) Wholesale Banking
7 1 (1.85%) Dutch Language
7 1 (1.85%) Legal
Job Titles
1 29 (53.70%) Analyst
2 26 (48.15%) Business Analyst
3 14 (25.93%) Project Manager
4 4 (7.41%) Systems Analyst
4 4 (7.41%) Investment Banking Business Analyst
5 3 (5.56%) Banking Business Analyst
5 3 (5.56%) Consultant
5 3 (5.56%) Business Systems Analyst
6 2 (3.70%) Test Analyst
6 2 (3.70%) Programme Manager
6 2 (3.70%) Architect
6 2 (3.70%) Technical Analyst
6 2 (3.70%) Technical Business Analyst
6 2 (3.70%) Middle Office Analyst
6 2 (3.70%) MiFID Business Analyst
6 2 (3.70%) Project Consultant
6 2 (3.70%) Test Leader
7 1 (1.85%) Customer Analyst
7 1 (1.85%) Lead Business Analyst
7 1 (1.85%) Compliance Analyst
Libraries, Frameworks & Software Standards
1 1 (1.85%) .NET Framework
1 1 (1.85%) .NET
Miscellaneous
1 8 (14.81%) Derivative
2 5 (9.26%) Analytical Skills
2 5 (9.26%) Foreign Exchange (FX)
3 4 (7.41%) Fixed Income
4 3 (5.56%) User Experience
5 2 (3.70%) Equities
5 2 (3.70%) Credit Derivative
5 2 (3.70%) Reference Data
Processes & Methodologies
1 11 (20.37%) Risk Management
2 10 (18.52%) Stakeholder Management
3 9 (16.67%) Business Analysis
4 8 (14.81%) Investment Management
5 7 (12.96%) ETRM
5 7 (12.96%) Asset Management
5 7 (12.96%) ERP
6 5 (9.26%) Agile Software Development
7 4 (7.41%) Project Management
7 4 (7.41%) Migration
7 4 (7.41%) BPMN
7 4 (7.41%) Data Migration
8 3 (5.56%) Waterfall
8 3 (5.56%) Requirements Analysis
8 3 (5.56%) Workflow
8 3 (5.56%) Data Modelling
9 2 (3.70%) Change Management
9 2 (3.70%) GAP Analysis
9 2 (3.70%) Validation
9 2 (3.70%) Technical Analysis
Programming Languages
1 5 (9.26%) SQL
Qualifications
1 1 (1.85%) Degree
Quality Assurance & Compliance
1 33 (61.11%) EMIR
2 16 (29.63%) Dodd-Frank
3 6 (11.11%) QA
4 5 (9.26%) FATCA
5 4 (7.41%) Basel III
6 3 (5.56%) UCITS
7 1 (1.85%) CRD IV
7 1 (1.85%) Basel II
Vendors
1 7 (12.96%) Triple Point
1 7 (12.96%) Brady
1 7 (12.96%) SAP
1 7 (12.96%) Murex
1 7 (12.96%) OpenLink
2 2 (3.70%) ION Trading
2 2 (3.70%) Actimize
3 1 (1.85%) Microsoft
City, London
Hatstand Limited
Rate: £500 - £600 per day
Posted: 3 days ago
City, London
McGregor Boyall
Rate: £500 - £600 per day
Posted: 5 days ago