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 28 June 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
28 Jun 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 507 555 589
Rank change year-on-year
+48 +34
Contract jobs citing MiFID 139 83 25
As % of all contract IT jobs located in the UK 0.26% 0.15% 0.047%
As % of the Quality Assurance & Compliance category 2.77% 1.64% 0.50%
Number of daily rates quoted 102 66 22
Median daily rate £506 £638 £538
Median daily rate % change year-on-year
-20.58% +18.60%
90% offered a daily rate of more than £334 £550 £312
10% offered a daily rate of more than £650 £788 £750
UK excluding London median daily rate £481 £550 £650
% change year-on-year
-12.50% -15.38%
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
5026 5063 4998
As % of all contract IT jobs located in the UK 9.33% 9.18% 9.43%
Number of daily rates quoted 3228 3258 3092
Median daily rate £425 £415 £400
Median daily rate % change year-on-year
+2.40% +3.75%
90% offered a daily rate of more than £255 £250 £240
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £400 £375 £365
% change year-on-year
+6.66% +2.73%
Number of hourly rates quoted 202 178 211
Median hourly rate £28.00 £21.55 £21.00
Median hourly rate % change year-on-year
+29.93% +2.61%
90% offered a hourly rate of more than £12.00 £12.50 £12.60
10% offered a hourly rate of more than £47.50 £55.50 £42.00
UK excluding London median hourly rate £28.00 £22.03 £21.00
% change year-on-year
+27.12% +4.88%

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 28 June 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 17 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 28 June 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 +55 138 £513 -19.60% 24
London +37 124 £513 -19.60% 21
City of London +38 21 £563 -13.46% 15
South East - 11 £538 - 1
Kent - 9 £525 -
Yorkshire - 2 £350 -
Sheffield - 2 £350 -
South Yorkshire - 2 £350 -
Scotland -17 1 £425 +6.25% 1
Edinburgh - 1 £425 - 1
Newcastle upon Tyne - 1 £425 -
North East - 1 £425 -
Tyne and Wear - 1 £425 -
East Sussex - 1 £700 -
West Sussex - 1 - - 1
Crawley - 1 - - 1
Tonbridge - 1 £525 -

MiFID
Top 30 Related IT Skills

For the 6 months to 28 June 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.

1 133 (49.81%) Banking
2 132 (49.44%) Finance
3 83 (31.09%) Investment Banking
4 71 (26.59%) EMIR
5 68 (25.47%) Dodd-Frank
6 53 (19.85%) Stakeholder Management
7 51 (19.10%) Agile Software Development
7 51 (19.10%) Front Office
8 50 (18.73%) Business Analysis
9 47 (17.60%) Project Management
10 42 (15.73%) Asset Management
11 38 (14.23%) Derivative
12 27 (10.11%) Equities
13 26 (9.74%) Hedge funds
13 26 (9.74%) Analytical Skills
13 26 (9.74%) Fixed Income
13 26 (9.74%) Back Office
13 26 (9.74%) SQL
14 25 (9.36%) Change Management
14 25 (9.36%) FATCA
15 24 (8.99%) SDLC
15 24 (8.99%) User Acceptance Testing
15 24 (8.99%) Investment Management
16 23 (8.61%) Degree
17 22 (8.24%) Legal
17 22 (8.24%) Foreign Exchange (FX)
18 21 (7.87%) C#
19 18 (6.74%) AIFMD
20 17 (6.37%) Stakeholder Engagement
20 17 (6.37%) PRINCE2

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 (2.62%) Skype for Business
2 2 (0.75%) SharePoint
3 1 (0.37%) IBM Notes
Applications
1 10 (3.75%) MS Office
1 10 (3.75%) MS PowerPoint
2 8 (3.00%) MS Excel
3 4 (1.50%) MS Project
3 4 (1.50%) MS Visio
Business Applications
1 10 (3.75%) Summit
2 2 (0.75%) ION MarketView
3 1 (0.37%) Oracle Procure-to-Pay
3 1 (0.37%) SunGard GMI
Communications & Networking
1 6 (2.25%) PBX
2 3 (1.12%) HTTP
2 3 (1.12%) Intranet
3 2 (0.75%) Firewall
3 2 (0.75%) HTTPS
3 2 (0.75%) Multicast
3 2 (0.75%) SNMP
3 2 (0.75%) TCP/IP
4 1 (0.37%) Cisco IOS
4 1 (0.37%) EIGRP
4 1 (0.37%) Ethernet
4 1 (0.37%) Extranet
4 1 (0.37%) Internet
4 1 (0.37%) IPsec
4 1 (0.37%) Junos
4 1 (0.37%) LAN
4 1 (0.37%) MPLS
4 1 (0.37%) OSPF
4 1 (0.37%) VPN
4 1 (0.37%) WAN
Database & Business Intelligence
1 8 (3.00%) SQL Server
2 5 (1.87%) Data Warehouse
3 3 (1.12%) Oracle Reports
3 3 (1.12%) QlikView
3 3 (1.12%) Relational Database
3 3 (1.12%) SQL Server 2008
3 3 (1.12%) SQL Server 2012
4 2 (0.75%) KDB
4 2 (0.75%) SQL Server Integration Services
5 1 (0.37%) Big Data
5 1 (0.37%) Data Mining
5 1 (0.37%) Hadoop
5 1 (0.37%) NoSQL
5 1 (0.37%) OLTP
5 1 (0.37%) RDBMS
5 1 (0.37%) SQL Server Reporting Services
Development Applications
1 4 (1.50%) Visual Studio Tools for Office
2 3 (1.12%) Team Foundation Server
3 2 (0.75%) Cucumber
3 2 (0.75%) Selenium
3 2 (0.75%) Subversion
4 1 (0.37%) MSTest
4 1 (0.37%) NUnit
4 1 (0.37%) TeamCity
4 1 (0.37%) Visual Studio
General
1 133 (49.81%) Banking
2 132 (49.44%) Finance
3 83 (31.09%) Investment Banking
4 51 (19.10%) Front Office
5 26 (9.74%) Back Office
6 22 (8.24%) Legal
7 15 (5.62%) Retail
8 6 (2.25%) Financial Institution
8 6 (2.25%) Retail Banking
9 5 (1.87%) Private Banking
10 4 (1.50%) Electronics
10 4 (1.50%) French Language
10 4 (1.50%) Marketing
11 2 (0.75%) Spanish Language
12 1 (0.37%) German Language
12 1 (0.37%) Law
Job Titles
1 143 (53.56%) Analyst
2 126 (47.19%) Business Analyst
3 62 (23.22%) Project Manager
4 59 (22.10%) MiFID Business Analyst
5 42 (15.73%) Regulatory Business Analyst
6 30 (11.24%) Banking Analyst
7 27 (10.11%) MiFID Project Manager
8 23 (8.61%) Report Analyst
9 21 (7.87%) Developer
9 21 (7.87%) Programme Manager
10 18 (6.74%) Regulatory Reporting Business Analyst
11 16 (5.99%) Business IT Analyst
11 16 (5.99%) IT Analyst
11 16 (5.99%) IT Business Analyst
12 15 (5.62%) C# Developer
12 15 (5.62%) Senior Manager
13 14 (5.24%) Investment Banking Business Analyst
13 14 (5.24%) Project Analyst
13 14 (5.24%) Senior Project Manager
14 13 (4.87%) MiFID Programme Manager
Libraries, Frameworks & Software Standards
1 15 (5.62%) XML
2 14 (5.24%) .NET
3 10 (3.75%) Web Services
4 5 (1.87%) FIXML
4 5 (1.87%) WPF
5 4 (1.50%) .NET Framework
5 4 (1.50%) ASP.NET
5 4 (1.50%) ASP.NET MVC
5 4 (1.50%) FpML
5 4 (1.50%) OOXML
5 4 (1.50%) WinForms
6 3 (1.12%) FIX Protocol
6 3 (1.12%) WCF
7 2 (0.75%) AngularJS
7 2 (0.75%) HTML
7 2 (0.75%) Middleware
8 1 (0.37%) ASP.NET MVC 4
8 1 (0.37%) Entity Framework
8 1 (0.37%) Spring Integration
8 1 (0.37%) Twitter Bootstrap
Miscellaneous
1 38 (14.23%) Derivative
2 27 (10.11%) Equities
3 26 (9.74%) Analytical Skills
3 26 (9.74%) Fixed Income
3 26 (9.74%) Hedge funds
4 22 (8.24%) Foreign Exchange (FX)
5 15 (5.62%) Equity Derivative
6 13 (4.87%) Computer Science
6 13 (4.87%) Management Information System
7 12 (4.49%) Market Risk
8 6 (2.25%) Economics
9 4 (1.50%) Fintech
9 4 (1.50%) Reference Data
9 4 (1.50%) SWIFT
10 3 (1.12%) OTC Derivatives
11 2 (0.75%) Data Centre
11 2 (0.75%) Data Integration
11 2 (0.75%) Mathematics
12 1 (0.37%) Contract for Difference
12 1 (0.37%) DTCC
Operating Systems
1 6 (2.25%) Windows
2 5 (1.87%) Unix
3 3 (1.12%) Windows 7
4 2 (0.75%) Linux
4 2 (0.75%) Solaris
5 1 (0.37%) AIX
5 1 (0.37%) Oracle Linux
5 1 (0.37%) Red Hat Enterprise Linux
Processes & Methodologies
1 53 (19.85%) Stakeholder Management
2 51 (19.10%) Agile Software Development
3 50 (18.73%) Business Analysis
4 47 (17.60%) Project Management
5 42 (15.73%) Asset Management
6 25 (9.36%) Change Management
7 24 (8.99%) Investment Management
7 24 (8.99%) SDLC
7 24 (8.99%) User Acceptance Testing
8 17 (6.37%) PRINCE2
8 17 (6.37%) Stakeholder Engagement
9 14 (5.24%) Scrum
10 13 (4.87%) TDD
10 13 (4.87%) Wealth Management
11 12 (4.49%) Data Analysis
11 12 (4.49%) Electronic Trading
12 11 (4.12%) GAP Analysis
12 11 (4.12%) Waterfall
13 10 (3.75%) Algorithmic Trading
14 9 (3.37%) Data Protection
Programming Languages
1 26 (9.74%) SQL
2 21 (7.87%) C#
3 12 (4.49%) Java
4 4 (1.50%) VBA
5 2 (0.75%) C
5 2 (0.75%) JavaScript
5 2 (0.75%) Perl
5 2 (0.75%) PL/SQL
5 2 (0.75%) Python
6 1 (0.37%) C++
6 1 (0.37%) RPG
6 1 (0.37%) Ruby
6 1 (0.37%) Scala
Qualifications
1 23 (8.61%) Degree
2 4 (1.50%) ISEB
3 3 (1.12%) PRINCE2 Certification
4 1 (0.37%) CCDA
4 1 (0.37%) CCIE
4 1 (0.37%) CCNP
4 1 (0.37%) Cisco Certification
4 1 (0.37%) IIBA
4 1 (0.37%) ISTQB
4 1 (0.37%) MBA
4 1 (0.37%) PMI Certification
Quality Assurance & Compliance
1 71 (26.59%) EMIR
2 68 (25.47%) Dodd-Frank
3 25 (9.36%) FATCA
4 18 (6.74%) AIFMD
5 15 (5.62%) UCITS
6 9 (3.37%) QA
7 3 (1.12%) Basel III
8 2 (0.75%) BS25999
8 2 (0.75%) COBIT
8 2 (0.75%) COSO
8 2 (0.75%) ISO/IEC 27001
9 1 (0.37%) Data Quality
9 1 (0.37%) ISO20022
9 1 (0.37%) SLA
System Software
1 1 (0.37%) Veritas Cluster Server
1 1 (0.37%) VMware Infrastructure
Systems Management
1 1 (0.37%) HP Quality Center
Vendors
1 12 (4.49%) Calypso
1 12 (4.49%) Microsoft
1 12 (4.49%) Murex
2 11 (4.12%) Oracle
3 4 (1.50%) Bloomberg
3 4 (1.50%) ION Trading
3 4 (1.50%) Sophis
4 3 (1.12%) Fidessa
5 2 (0.75%) Cisco
5 2 (0.75%) SunGard
5 2 (0.75%) Sybase
5 2 (0.75%) Wall Street Systems
6 1 (0.37%) Avaloq
6 1 (0.37%) FNZ
6 1 (0.37%) HP
6 1 (0.37%) Juniper
6 1 (0.37%) LexisNexis
6 1 (0.37%) SAP
6 1 (0.37%) Sencha
6 1 (0.37%) Veritas
City, London
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Rate: £40,000 - £60,000, plus a very attractive bonus
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