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 May 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 May 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 545 551 521
Rank change year-on-year
+6 -30
Contract jobs citing MiFID 68 38 22
As % of all contract IT jobs located in the UK 0.12% 0.072% 0.047%
As % of the Quality Assurance & Compliance category 1.55% 0.90% 0.62%
Number of daily rates quoted 55 30 19
Average daily rate
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£625 £575 £550
Average daily rate % change year-on-year
+8.69% +4.54%
90% offered a daily rate of more than £505 £405 £350
10% offered a daily rate of more than £750 £753 £675
UK excluding London average daily rate £400 £650 £350
% change year-on-year
-38.46% +85.71%
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
4383 4224 3533
As % of all contract IT jobs located in the UK 7.94% 8.01% 7.61%
Number of daily rates quoted 2740 2576 2151
Average daily rate £407 £400 £425
Average daily rate % change year-on-year
+1.75% -5.88%
90% offered a daily rate of more than £260 £243 £250
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £375 £363 £350
% change year-on-year
+3.44% +3.57%
Number of hourly rates quoted 147 204 111
Average hourly rate £20.50 £21.00 £19.00
Average hourly rate % change year-on-year
-2.38% +10.52%
90% offered a hourly rate of more than £11.86 £11.00 £11.00
10% offered a hourly rate of more than £45.00 £45.12 £59.50
UK excluding London average hourly rate £21.55 £21.00 £17.75
% change year-on-year
+2.61% +18.30%

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 May 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 9 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 May 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 +11 64 £625 +16.27% 22
London +47 63 £625 +13.63% 20
City of London +7 16 £650 +36.84% 8
Scotland -2 4 £400 -27.27%
North West - 1 - - 1
Stirling - 1 - -
Cheshire - 1 - -
Chester - 1 - -
Glasgow - 1 £400 -

MiFID
Top 30 Related IT Skills

For the 6 months to 27 May 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 64 (57.66%) EMIR
2 57 (51.35%) Banking
3 39 (35.14%) Investment Banking
4 38 (34.23%) Finance
5 36 (32.43%) Dodd-Frank
6 23 (20.72%) Front Office
7 20 (18.02%) Asset Management
7 20 (18.02%) Business Analysis
8 18 (16.22%) Stakeholder Management
9 17 (15.32%) Equities
9 17 (15.32%) Derivative
9 17 (15.32%) Project Management
9 17 (15.32%) SQL
10 15 (13.51%) Fixed Income
11 14 (12.61%) Back Office
12 13 (11.71%) Foreign Exchange (FX)
13 9 (8.11%) Scrum
13 9 (8.11%) FATCA
13 9 (8.11%) Reference Data
14 8 (7.21%) Investment Management
15 7 (6.31%) MS Excel
15 7 (6.31%) Workflow
15 7 (6.31%) Agile Software Development
15 7 (6.31%) AIFMD
16 6 (5.41%) QA
16 6 (5.41%) JIRA
16 6 (5.41%) Microsoft
16 6 (5.41%) Change Management
17 5 (4.50%) GAP Analysis
17 5 (4.50%) Risk Management

MiFID
Top Related IT Skills by Category

For the 6 months to 27 May 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 2 (1.80%) MTS
2 1 (0.90%) Oracle Workflow
Applications
1 7 (6.31%) MS Excel
2 5 (4.50%) MS Visio
3 3 (2.70%) MS Office
4 2 (1.80%) MS PowerPoint
5 1 (0.90%) MS Project
Business Applications
1 2 (1.80%) ION MarketView
2 1 (0.90%) SunGard Stream Clearvision
2 1 (0.90%) Rolfe and Nolan
Communications & Networking
1 1 (0.90%) DSL
Database & Business Intelligence
1 2 (1.80%) SQL Server
2 1 (0.90%) MS Access
2 1 (0.90%) Data Mining
2 1 (0.90%) Relational Database
Development Applications
1 6 (5.41%) JIRA
2 3 (2.70%) Toad
3 1 (0.90%) Rational Rose
General
1 57 (51.35%) Banking
2 39 (35.14%) Investment Banking
3 38 (34.23%) Finance
4 23 (20.72%) Front Office
5 14 (12.61%) Back Office
6 3 (2.70%) Retail
7 2 (1.80%) Private Banking
7 2 (1.80%) Legal
8 1 (0.90%) Advertising
8 1 (0.90%) Telecoms
8 1 (0.90%) Financial Institution
Job Titles
1 66 (59.46%) Analyst
2 64 (57.66%) Business Analyst
3 29 (26.13%) Project Manager
4 10 (9.01%) Banking Business Analyst
4 10 (9.01%) MiFID Business Analyst
5 8 (7.21%) Senior Business Analyst
5 8 (7.21%) Senior Analyst
6 5 (4.50%) Development Manager
6 5 (4.50%) Investment Banking Business Analyst
6 5 (4.50%) Business Manager
6 5 (4.50%) Delivery Manager
6 5 (4.50%) Business Project Manager
6 5 (4.50%) MiFID Project Manager
6 5 (4.50%) Lead Business Analyst
6 5 (4.50%) Test Leader
7 4 (3.60%) Project Analyst
7 4 (3.60%) IT Business Analyst
7 4 (3.60%) Developer
8 3 (2.70%) Contracts Manager
9 2 (1.80%) VBA Developer
Libraries, Frameworks & Software Standards
1 2 (1.80%) FpML
2 1 (0.90%) FIX Protocol
2 1 (0.90%) XML
2 1 (0.90%) Middleware
Miscellaneous
1 17 (15.32%) Equities
1 17 (15.32%) Derivative
2 15 (13.51%) Fixed Income
3 13 (11.71%) Foreign Exchange (FX)
4 9 (8.11%) Reference Data
5 5 (4.50%) ASIC
6 4 (3.60%) User Experience
7 3 (2.70%) Analytical Skills
7 3 (2.70%) Credit Risk
8 2 (1.80%) Market Risk
8 2 (1.80%) Equity Derivative
8 2 (1.80%) DTCC
8 2 (1.80%) Eurex
8 2 (1.80%) Hedge funds
9 1 (0.90%) Management Information System
Operating Systems
1 1 (0.90%) Windows
Processes & Methodologies
1 20 (18.02%) Asset Management
1 20 (18.02%) Business Analysis
2 18 (16.22%) Stakeholder Management
3 17 (15.32%) Project Management
4 9 (8.11%) Scrum
5 8 (7.21%) Investment Management
6 7 (6.31%) Workflow
6 7 (6.31%) Agile Software Development
7 6 (5.41%) Change Management
8 5 (4.50%) GAP Analysis
8 5 (4.50%) Risk Management
8 5 (4.50%) Data Modelling
8 5 (4.50%) Analytics
8 5 (4.50%) Wealth Management
8 5 (4.50%) Electronic Trading
9 4 (3.60%) System Testing
9 4 (3.60%) Validation
9 4 (3.60%) OO
10 3 (2.70%) User Acceptance Testing
10 3 (2.70%) Waterfall
Programming Languages
1 17 (15.32%) SQL
2 3 (2.70%) VBA
3 2 (1.80%) Python
3 2 (1.80%) Ruby
3 2 (1.80%) C#
3 2 (1.80%) C++
3 2 (1.80%) Java
3 2 (1.80%) Perl
Qualifications
1 3 (2.70%) Degree
2 2 (1.80%) PRINCE2 Certification
3 1 (0.90%) CISA
3 1 (0.90%) CISM
3 1 (0.90%) CCA
Quality Assurance & Compliance
1 64 (57.66%) EMIR
2 36 (32.43%) Dodd-Frank
3 9 (8.11%) FATCA
4 7 (6.31%) AIFMD
5 6 (5.41%) QA
6 5 (4.50%) Basel III
7 2 (1.80%) Solvency II
8 1 (0.90%) ISO/IEC 27001
8 1 (0.90%) UCITS
Systems Management
1 4 (3.60%) HP Quality Center
Vendors
1 6 (5.41%) Microsoft
2 5 (4.50%) Oracle
3 4 (3.60%) HP
4 2 (1.80%) Pega
4 2 (1.80%) Sybase
4 2 (1.80%) ION Trading
4 2 (1.80%) Actimize
5 1 (0.90%) Avaloq
5 1 (0.90%) Wall Street Systems
5 1 (0.90%) Fidessa
5 1 (0.90%) Salesforce.com
5 1 (0.90%) Charles River
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