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 21 April 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
21 Apr 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 547 557 519
Rank change year-on-year
+10 -38
Contract jobs citing MiFID 55 47 29
As % of all contract IT jobs located in the UK 0.098% 0.084% 0.061%
As % of the Quality Assurance & Compliance category 1.27% 1.06% 0.80%
Number of daily rates quoted 39 32 24
Average daily rate
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of your Daily Rate
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£575 £588 £600
Average daily rate % change year-on-year
-2.12% -2.08%
90% offered a daily rate of more than £460 £350 £341
10% offered a daily rate of more than £700 £777 £725
UK excluding London average daily rate £400 £550 £344
% change year-on-year
-27.27% +60.00%
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
4319 4433 3637
As % of all contract IT jobs located in the UK 7.72% 7.89% 7.62%
Number of daily rates quoted 2570 2684 2150
Average daily rate £400 £400 £400
90% offered a daily rate of more than £250 £250 £225
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £378 £365 £330
% change year-on-year
+3.42% +10.60%
Number of hourly rates quoted 131 188 146
Average hourly rate £22.50 £19.00 £19.00
Average hourly rate % change year-on-year
+18.42% -
90% offered a hourly rate of more than £11.70 £10.84 £10.50
10% offered a hourly rate of more than £42.50 £45.98 £55.00
UK excluding London average hourly rate £22.50 £18.00 £15.50
% change year-on-year
+25.00% +16.12%

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 21 April 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 21 April 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 +14 49 £600 +2.12% 35
London +13 47 £600 - 33
City of London +18 8 £650 +8.33% 6
Scotland -10 6 £400 -27.27% 1
North West - 2 - - 1
Manchester - - - -
Lothian - - - -
Edinburgh - - - - 1

MiFID
Top 30 Related IT Skills

For the 6 months to 21 April 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 42 (53.85%) EMIR
2 36 (46.15%) Banking
3 26 (33.33%) Investment Banking
4 21 (26.92%) Dodd-Frank
4 21 (26.92%) Finance
5 19 (24.36%) Asset Management
6 16 (20.51%) SQL
7 15 (19.23%) Back Office
8 14 (17.95%) Front Office
8 14 (17.95%) Business Analysis
9 10 (12.82%) Derivative
9 10 (12.82%) Fixed Income
9 10 (12.82%) Stakeholder Management
9 10 (12.82%) Project Management
10 9 (11.54%) Equities
11 8 (10.26%) Investment Management
11 8 (10.26%) FATCA
12 7 (8.97%) Reference Data
12 7 (8.97%) AIFMD
12 7 (8.97%) QA
12 7 (8.97%) Agile Software Development
13 6 (7.69%) Workflow
13 6 (7.69%) Foreign Exchange (FX)
13 6 (7.69%) Microsoft
13 6 (7.69%) Electronic Trading
14 5 (6.41%) User Experience
14 5 (6.41%) Analytics
14 5 (6.41%) Basel III
14 5 (6.41%) Data Modelling
14 5 (6.41%) Oracle

MiFID
Top Related IT Skills by Category

For the 6 months to 21 April 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 3 (3.85%) MTS
2 1 (1.28%) Oracle Workflow
Applications
1 3 (3.85%) MS Office
1 3 (3.85%) MS Excel
2 2 (2.56%) MS Visio
3 1 (1.28%) MS PowerPoint
3 1 (1.28%) MS Project
Business Applications
1 3 (3.85%) ION MarketView
2 1 (1.28%) SunGard Stream Clearvision
2 1 (1.28%) Rolfe and Nolan
Database & Business Intelligence
1 2 (2.56%) SQL Server
2 1 (1.28%) MS Access
2 1 (1.28%) Data Mining
2 1 (1.28%) Relational Database
Development Applications
1 3 (3.85%) Toad
2 2 (2.56%) JIRA
3 1 (1.28%) Rational Rose
General
1 36 (46.15%) Banking
2 26 (33.33%) Investment Banking
3 21 (26.92%) Finance
4 15 (19.23%) Back Office
5 14 (17.95%) Front Office
6 2 (2.56%) Legal
7 1 (1.28%) Retail
7 1 (1.28%) Financial Institution
7 1 (1.28%) Telecoms
7 1 (1.28%) Private Banking
Job Titles
1 45 (57.69%) Analyst
2 44 (56.41%) Business Analyst
3 17 (21.79%) Project Manager
4 6 (7.69%) Senior Analyst
4 6 (7.69%) Senior Business Analyst
5 5 (6.41%) Investment Banking Business Analyst
5 5 (6.41%) MiFID Business Analyst
5 5 (6.41%) Test Leader
6 4 (5.13%) Developer
7 3 (3.85%) Contracts Manager
7 3 (3.85%) Banking Business Analyst
7 3 (3.85%) IT Business Analyst
8 2 (2.56%) Python Developer
8 2 (2.56%) Excel Developer
8 2 (2.56%) Excel VBA Developer
8 2 (2.56%) Senior Manager
8 2 (2.56%) Lead Business Analyst
8 2 (2.56%) VBA Developer
8 2 (2.56%) Data Analyst
8 2 (2.56%) Tester
Miscellaneous
1 10 (12.82%) Fixed Income
1 10 (12.82%) Derivative
2 9 (11.54%) Equities
3 7 (8.97%) Reference Data
4 6 (7.69%) Foreign Exchange (FX)
5 5 (6.41%) User Experience
6 3 (3.85%) Analytical Skills
6 3 (3.85%) Eurex
7 2 (2.56%) DTCC
7 2 (2.56%) ASIC
7 2 (2.56%) Hedge funds
8 1 (1.28%) Equity Derivative
8 1 (1.28%) Management Information System
Operating Systems
1 1 (1.28%) Windows
Processes & Methodologies
1 19 (24.36%) Asset Management
2 14 (17.95%) Business Analysis
3 10 (12.82%) Stakeholder Management
3 10 (12.82%) Project Management
4 8 (10.26%) Investment Management
5 7 (8.97%) Agile Software Development
6 6 (7.69%) Electronic Trading
6 6 (7.69%) Workflow
7 5 (6.41%) Change Management
7 5 (6.41%) Data Modelling
7 5 (6.41%) Analytics
8 4 (5.13%) Waterfall
8 4 (5.13%) OO
8 4 (5.13%) GAP Analysis
9 3 (3.85%) Risk Management
9 3 (3.85%) Scrum
9 3 (3.85%) Automation Testing
9 3 (3.85%) BPMN
9 3 (3.85%) Requirements Analysis
9 3 (3.85%) Wealth Management
Programming Languages
1 16 (20.51%) SQL
2 2 (2.56%) VBA
2 2 (2.56%) Python
2 2 (2.56%) Ruby
2 2 (2.56%) C#
2 2 (2.56%) C++
2 2 (2.56%) Java
2 2 (2.56%) Perl
Qualifications
1 2 (2.56%) Degree
2 1 (1.28%) CCA
2 1 (1.28%) PRINCE2 Certification
Quality Assurance & Compliance
1 42 (53.85%) EMIR
2 21 (26.92%) Dodd-Frank
3 8 (10.26%) FATCA
4 7 (8.97%) QA
4 7 (8.97%) AIFMD
5 5 (6.41%) Basel III
6 2 (2.56%) Solvency II
7 1 (1.28%) UCITS
Vendors
1 6 (7.69%) Microsoft
2 5 (6.41%) Oracle
3 3 (3.85%) ION Trading
4 2 (2.56%) Actimize
4 2 (2.56%) Sybase
5 1 (1.28%) Charles River
5 1 (1.28%) Avaloq
5 1 (1.28%) Wall Street Systems
5 1 (1.28%) Pega
London
McGregor Boyall
Rate: £500 - £550 per day
Posted: 3 hours ago
London
McGregor Boyall
Rate: £500 - £550 per day
Posted: 12 hours ago
London
Huxley Banking & Financial Services
Rate: £550 - £600 per day
Posted: Yesterday
London
Hays IT - Uk Posting account
Rate: £525.00 - £575.00 per day
Posted: 5 days ago
London
TEKsystems
Rate: £475 - £575 per day
Posted: 6 days ago
London
McGregor Boyall
Rate: £600 - £700 per day
Posted: 6 days ago
City of London
Hays IT - Uk Posting account
Rate: £550.00 - £650.00 per day
Posted: 7 days ago
London
iKonnect
Rate: £525 - £650 per day
Posted: 8 days ago
City of London
The People Network
Rate: £450 - £500 per day
Posted: 19 days ago
City of London
Deerfoot IT
Rate: £750 - £850 per day
Posted: 19 days ago
London
Huxley Banking & Financial Services
Rate: £550 - £630 per day + competitive
Posted: 26 days ago