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 20 August 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
20 Aug 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 575 540 589
Rank change year-on-year
-35 +49
Contract jobs citing MiFID 26 35 14
As % of all contract IT jobs located in the UK 0.047% 0.066% 0.024%
As % of the Quality Assurance & Compliance category 0.60% 0.89% 0.31%
Number of daily rates quoted 23 29 10
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£600 £750 £525
Average daily rate % change year-on-year
-20.00% +42.85%
90% offered a daily rate of more than £178 £600 £490
10% offered a daily rate of more than £743 £950 £655
UK excluding London average daily rate £110 £950 £400
% change year-on-year
-88.42% +137.50%
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
4345 3935 4563
As % of all contract IT jobs located in the UK 7.84% 7.40% 7.75%
Number of daily rates quoted 2642 2297 2478
Average daily rate £400 £425 £425
Average daily rate % change year-on-year
-5.88% -
90% offered a daily rate of more than £225 £263 £250
10% offered a daily rate of more than £550 £600 £600
UK excluding London average daily rate £375 £350 £355
% change year-on-year
+7.14% -1.40%
Number of hourly rates quoted 199 167 256
Average hourly rate £19.00 £17.50 £20.03
Average hourly rate % change year-on-year
+8.57% -12.63%
90% offered a hourly rate of more than £12.00 £10.00 £11.53
10% offered a hourly rate of more than £42.85 £37.40 £40.00
UK excluding London average hourly rate £19.50 £17.50 £22.50
% change year-on-year
+11.42% -22.22%

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 20 August 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 2 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 20 August 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 -37 25 £600 -20.00% 10
London +1 21 £625 -15.25% 10

MiFID
Top 30 Related IT Skills

For the 6 months to 20 August 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 43 (65.15%) EMIR
2 39 (59.09%) Finance
3 36 (54.55%) Banking
4 22 (33.33%) Dodd-Frank
5 19 (28.79%) Investment Banking
6 15 (22.73%) Risk Management
6 15 (22.73%) Business Analysis
7 14 (21.21%) ZaiNet
7 14 (21.21%) SAP Oil and Gas
7 14 (21.21%) Dynamics NAV
7 14 (21.21%) Dynamics AX
7 14 (21.21%) ETRM
7 14 (21.21%) Triple Point
7 14 (21.21%) OpenLink RightAngle
7 14 (21.21%) Aligne
7 14 (21.21%) Brady
7 14 (21.21%) OpenLink
7 14 (21.21%) Endur
7 14 (21.21%) SAP
7 14 (21.21%) ERP
7 14 (21.21%) Murex
8 12 (18.18%) Derivative
9 10 (15.15%) Project Management
10 8 (12.12%) SQL
11 7 (10.61%) Foreign Exchange (FX)
11 7 (10.61%) Back Office
11 7 (10.61%) FATCA
12 6 (9.09%) Change Management
12 6 (9.09%) Stakeholder Management
12 6 (9.09%) Sarbanes-Oxley

MiFID
Top Related IT Skills by Category

For the 6 months to 20 August 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 1 (1.52%) SAS
Applications
1 1 (1.52%) MS Visio
1 1 (1.52%) MS PowerPoint
Business Applications
1 14 (21.21%) Endur
1 14 (21.21%) ZaiNet
1 14 (21.21%) SAP Oil and Gas
1 14 (21.21%) Dynamics NAV
1 14 (21.21%) Dynamics AX
1 14 (21.21%) OpenLink RightAngle
1 14 (21.21%) Aligne
Database & Business Intelligence
1 5 (7.58%) SQL Server
General
1 39 (59.09%) Finance
2 36 (54.55%) Banking
3 19 (28.79%) Investment Banking
4 7 (10.61%) Back Office
5 3 (4.55%) French Language
6 2 (3.03%) Legal
6 2 (3.03%) Financial Institution
7 1 (1.52%) Front Office
7 1 (1.52%) Manufacturing
7 1 (1.52%) Corporate Banking
7 1 (1.52%) Dutch Language
Job Titles
1 40 (60.61%) Analyst
2 33 (50.00%) Business Analyst
3 16 (24.24%) Project Manager
4 5 (7.58%) Banking Business Analyst
4 5 (7.58%) Compliance Analyst
5 4 (6.06%) Architect
5 4 (6.06%) Consultant
6 3 (4.55%) Data Analyst
6 3 (4.55%) Customer Analyst
7 2 (3.03%) Business Manager
7 2 (3.03%) MiFID Consultant
7 2 (3.03%) Compliance Consultant
7 2 (3.03%) FX Business Analyst
7 2 (3.03%) Middle Office Analyst
7 2 (3.03%) Senior Project Manager
7 2 (3.03%) Business Consultant
7 2 (3.03%) Senior Manager
7 2 (3.03%) Senior Business Analyst
7 2 (3.03%) Senior Analyst
7 2 (3.03%) Business Project Manager
Libraries, Frameworks & Software Standards
1 1 (1.52%) .NET
1 1 (1.52%) .NET Framework
Miscellaneous
1 12 (18.18%) Derivative
2 7 (10.61%) Foreign Exchange (FX)
3 5 (7.58%) Hedge funds
4 4 (6.06%) Reference Data
5 2 (3.03%) Fixed Income
5 2 (3.03%) Equities
6 1 (1.52%) Credit Derivative
6 1 (1.52%) PMI
Processes & Methodologies
1 15 (22.73%) Risk Management
1 15 (22.73%) Business Analysis
2 14 (21.21%) ETRM
2 14 (21.21%) ERP
3 10 (15.15%) Project Management
4 6 (9.09%) Change Management
4 6 (9.09%) PRINCE2
4 6 (9.09%) Stakeholder Management
5 5 (7.58%) Wealth Management
5 5 (7.58%) Migration
5 5 (7.58%) Agile Software Development
6 4 (6.06%) Asset Management
6 4 (6.06%) Use Case
6 4 (6.06%) User Acceptance Testing
6 4 (6.06%) Data Migration
7 3 (4.55%) Investment Management
7 3 (4.55%) Stakeholder Engagement
7 3 (4.55%) Portfolio Management
7 3 (4.55%) Validation
7 3 (4.55%) Data Modelling
Programming Languages
1 8 (12.12%) SQL
2 1 (1.52%) VBA
Qualifications
1 5 (7.58%) ISEB
2 4 (6.06%) Degree
3 3 (4.55%) PRINCE2 Certification
4 2 (3.03%) PMI Certification
5 1 (1.52%) PMP
5 1 (1.52%) IIBA
5 1 (1.52%) CBAP
Quality Assurance & Compliance
1 43 (65.15%) EMIR
2 22 (33.33%) Dodd-Frank
3 7 (10.61%) FATCA
4 6 (9.09%) Sarbanes-Oxley
5 4 (6.06%) Basel II
6 3 (4.55%) Solvency II
7 2 (3.03%) Basel III
8 1 (1.52%) Data Quality
8 1 (1.52%) AIFMD
8 1 (1.52%) CRD IV
Vendors
1 14 (21.21%) SAP
1 14 (21.21%) OpenLink
1 14 (21.21%) Brady
1 14 (21.21%) Murex
1 14 (21.21%) Triple Point
2 2 (3.03%) Business Objects
3 1 (1.52%) Oracle
3 1 (1.52%) Microsoft
3 1 (1.52%) GoldenSource
3 1 (1.52%) Pega
3 1 (1.52%) Informatica
London
Aston Carter
Rate: £500 - £550 per day
Posted: 2 days ago
London
Interquest - ITQ Financial - Tunbridge Wells
Rate: £550 - £600 per day
Posted: 5 days ago
City, London
McGregor Boyall
Rate: £430 - £460 per day
Posted: 6 days ago
London
Hays IT - Uk Posting account
Rate: £400.00 - £450.00 per day
Posted: 6 days ago
City of London
Huxley Associates
Rate: £550 - £650 per day + competitive
Posted: 7 days ago
City of London
Huxley Associates
Rate: £750 - £850 per day + competitive
Posted: 23 days ago