The first table below looks at the demand 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 30 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance category.

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
30 Jul 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 567 530 569
Rank change year-on-year
-37 +39
Contract jobs citing MiFID 21 33 20
As % of all contract IT jobs located in the UK 0.038% 0.065% 0.035%
As % of the Quality Assurance & Compliance category 0.49% 0.86% 0.45%
Number of daily rates quoted 20 30 15
Average daily rate
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£538 £725 £500
Average daily rate % change year-on-year
-25.86% +45.00%
90% offered a daily rate of more than £110 £595 £400
10% offered a daily rate of more than £775 £815 £650
UK excluding London average daily rate £550 £375 £400
% change year-on-year
+46.66% -6.25%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Quality Assurance & Compliance Category
UK
Contract IT job ads with a match in the
Quality Assurance & Compliance category
4280 3839 4419
As % of all contract IT jobs located in the UK 7.83% 7.51% 7.65%
Number of daily rates quoted 2596 2293 2387
Average daily rate £400 £425 £425
Average daily rate % change year-on-year
-5.88% -
90% offered a daily rate of more than £230 £275 £249
10% offered a daily rate of more than £550 £600 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 196 146 246
Average hourly rate £20.00 £17.50 £19.00
Average hourly rate % change year-on-year
+14.28% -7.89%
90% offered a hourly rate of more than £12.50 £10.00 £11.00
10% offered a hourly rate of more than £42.60 £40.00 £39.00
UK excluding London average hourly rate £20.50 £17.50 £20.00
% change year-on-year
+17.14% -12.50%

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 30 July 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 5 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 30 July 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 -44 16 £486 -35.20% 6
London -2 13 £538 -28.33% 6
City of London +15 4 £481 -19.91% 3
South East - - - -
Kent - - - -

MiFID
Top 30 Related IT Skills

For the 6 months to 30 July 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 41 (65.08%) EMIR
2 38 (60.32%) Finance
3 28 (44.44%) Banking
4 23 (36.51%) Dodd-Frank
5 16 (25.40%) Investment Banking
6 15 (23.81%) Business Analysis
7 12 (19.05%) Risk Management
8 11 (17.46%) Brady
8 11 (17.46%) OpenLink
8 11 (17.46%) Endur
8 11 (17.46%) SAP
8 11 (17.46%) ERP
8 11 (17.46%) Murex
8 11 (17.46%) ZaiNet
8 11 (17.46%) SAP Oil and Gas
8 11 (17.46%) Dynamics NAV
8 11 (17.46%) Dynamics AX
8 11 (17.46%) Derivative
8 11 (17.46%) ETRM
8 11 (17.46%) Triple Point
8 11 (17.46%) OpenLink RightAngle
8 11 (17.46%) Aligne
9 10 (15.87%) Project Management
10 8 (12.70%) Back Office
10 8 (12.70%) Hedge funds
11 7 (11.11%) Stakeholder Management
11 7 (11.11%) Foreign Exchange (FX)
11 7 (11.11%) SQL
12 6 (9.52%) PRINCE2
12 6 (9.52%) Sarbanes-Oxley

MiFID
Top Related IT Skills by Category

For the 6 months to 30 July 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 (1.59%) SAS
Applications
1 2 (3.17%) MS Excel
2 1 (1.59%) MS PowerPoint
Business Applications
1 11 (17.46%) Endur
1 11 (17.46%) ZaiNet
1 11 (17.46%) SAP Oil and Gas
1 11 (17.46%) Dynamics NAV
1 11 (17.46%) Dynamics AX
1 11 (17.46%) OpenLink RightAngle
1 11 (17.46%) Aligne
Database & Business Intelligence
1 1 (1.59%) SQL Server
General
1 38 (60.32%) Finance
2 28 (44.44%) Banking
3 16 (25.40%) Investment Banking
4 8 (12.70%) Back Office
5 3 (4.76%) Legal
6 2 (3.17%) Financial Institution
6 2 (3.17%) Front Office
7 1 (1.59%) Corporate Banking
7 1 (1.59%) French Language
7 1 (1.59%) Manufacturing
Job Titles
1 38 (60.32%) Analyst
2 29 (46.03%) Business Analyst
3 13 (20.63%) Project Manager
4 5 (7.94%) Compliance Analyst
5 4 (6.35%) Consultant
5 4 (6.35%) Banking Business Analyst
6 3 (4.76%) Customer Analyst
6 3 (4.76%) Senior Analyst
6 3 (4.76%) Data Analyst
6 3 (4.76%) Senior Business Analyst
7 2 (3.17%) Senior Manager
7 2 (3.17%) Senior Project Manager
7 2 (3.17%) Business Consultant
7 2 (3.17%) Financial Business Analyst
7 2 (3.17%) Business Manager
7 2 (3.17%) Programme Manager
7 2 (3.17%) Architect
7 2 (3.17%) Compliance Consultant
7 2 (3.17%) FX Business Analyst
7 2 (3.17%) Financial Services Business Analyst
Libraries, Frameworks & Software Standards
1 1 (1.59%) .NET Framework
1 1 (1.59%) .NET
Miscellaneous
1 11 (17.46%) Derivative
2 8 (12.70%) Hedge funds
3 7 (11.11%) Foreign Exchange (FX)
4 3 (4.76%) Reference Data
5 2 (3.17%) Fixed Income
5 2 (3.17%) Equities
6 1 (1.59%) PMI
Processes & Methodologies
1 15 (23.81%) Business Analysis
2 12 (19.05%) Risk Management
3 11 (17.46%) ERP
3 11 (17.46%) ETRM
4 10 (15.87%) Project Management
5 7 (11.11%) Stakeholder Management
6 6 (9.52%) PRINCE2
6 6 (9.52%) User Acceptance Testing
7 5 (7.94%) Wealth Management
7 5 (7.94%) Use Case
7 5 (7.94%) Change Management
7 5 (7.94%) Asset Management
7 5 (7.94%) Agile Software Development
8 4 (6.35%) Investment Management
9 3 (4.76%) Portfolio Management
9 3 (4.76%) Validation
10 2 (3.17%) Workflow
10 2 (3.17%) Programme Management
10 2 (3.17%) Data Modelling
10 2 (3.17%) UML
Programming Languages
1 7 (11.11%) SQL
2 1 (1.59%) VBA
Qualifications
1 5 (7.94%) ISEB
2 4 (6.35%) Degree
3 3 (4.76%) PRINCE2 Certification
4 2 (3.17%) PMI Certification
5 1 (1.59%) IIBA
5 1 (1.59%) CBAP
5 1 (1.59%) PMP
Quality Assurance & Compliance
1 41 (65.08%) EMIR
2 23 (36.51%) Dodd-Frank
3 6 (9.52%) Sarbanes-Oxley
3 6 (9.52%) FATCA
4 4 (6.35%) Basel II
5 3 (4.76%) Solvency II
6 2 (3.17%) AIFMD
6 2 (3.17%) QA
7 1 (1.59%) CRD IV
7 1 (1.59%) Data Quality
Vendors
1 11 (17.46%) Brady
1 11 (17.46%) OpenLink
1 11 (17.46%) SAP
1 11 (17.46%) Murex
1 11 (17.46%) Triple Point
2 2 (3.17%) Business Objects
3 1 (1.59%) Pega
3 1 (1.59%) Informatica
3 1 (1.59%) Oracle
3 1 (1.59%) Microsoft
3 1 (1.59%) GoldenSource
City of London
Huxley Associates
Rate: £750 - £850 per day + competitive
Posted: 2 days ago
London
Interquest - ITQ Financial - Tunbridge Wells
Rate: £550 - £600 per day
Posted: 12 days ago