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 11 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
11 Jul 2014
Same period 2013 Same period 2012
Markets in Financial Instruments Directive (MiFID)
Rank 558 534 561
Rank change year-on-year
-24 +27
Contract jobs citing MiFID 22 36 24
As % of all contract IT jobs located in the UK 0.042% 0.072% 0.042%
As % of the Quality Assurance & Compliance category 0.52% 0.98% 0.55%
Number of daily rates quoted 21 33 19
Average daily rate
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£525 £600 £500
Average daily rate % change year-on-year
-12.50% +20.00%
90% offered a daily rate of more than £110 £400 £400
10% offered a daily rate of more than £750 £800 £650
UK excluding London average daily rate £550 £350 £400
% change year-on-year
+57.14% -12.50%
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
4232 3676 4386
As % of all contract IT jobs located in the UK 8.03% 7.33% 7.67%
Number of daily rates quoted 2563 2216 2266
Average daily rate £400 £425 £425
Average daily rate % change year-on-year
-5.88% -
90% offered a daily rate of more than £235 £275 £250
10% offered a daily rate of more than £550 £600 £600
UK excluding London average daily rate £370 £350 £350
% change year-on-year
+5.71% -
Number of hourly rates quoted 200 139 234
Average hourly rate £20.00 £19.00 £18.00
Average hourly rate % change year-on-year
+5.26% +5.55%
90% offered a hourly rate of more than £12.50 £9.57 £11.00
10% offered a hourly rate of more than £42.90 £42.50 £38.00
UK excluding London average hourly rate £20.00 £17.50 £18.00
% change year-on-year
+14.28% -2.77%

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 11 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 11 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 -24 17 £486 -30.57% 4
London -20 14 £525 -25.00% 4
City of London +25 5 £486 -19.00% 2
South East - - - -
Kent - - - -

MiFID
Top 30 Related IT Skills

For the 6 months to 11 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 44 (60.27%) EMIR
2 42 (57.53%) Finance
3 34 (46.58%) Banking
4 24 (32.88%) Dodd-Frank
5 22 (30.14%) Investment Banking
6 16 (21.92%) Business Analysis
7 14 (19.18%) Derivative
8 13 (17.81%) Risk Management
9 12 (16.44%) Project Management
10 11 (15.07%) OpenLink
10 11 (15.07%) Endur
10 11 (15.07%) Murex
10 11 (15.07%) SAP
10 11 (15.07%) ERP
10 11 (15.07%) Back Office
10 11 (15.07%) Dynamics NAV
10 11 (15.07%) Dynamics AX
10 11 (15.07%) ZaiNet
10 11 (15.07%) SAP Oil and Gas
10 11 (15.07%) Brady
10 11 (15.07%) ETRM
10 11 (15.07%) Triple Point
10 11 (15.07%) OpenLink RightAngle
10 11 (15.07%) Aligne
11 8 (10.96%) Hedge funds
11 8 (10.96%) Front Office
11 8 (10.96%) Foreign Exchange (FX)
12 7 (9.59%) Stakeholder Management
12 7 (9.59%) User Acceptance Testing
12 7 (9.59%) FATCA

MiFID
Top Related IT Skills by Category

For the 6 months to 11 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 (1.37%) SAS
Applications
1 2 (2.74%) MS Excel
1 2 (2.74%) MS Visio
1 2 (2.74%) MS PowerPoint
Business Applications
1 11 (15.07%) Endur
1 11 (15.07%) ZaiNet
1 11 (15.07%) SAP Oil and Gas
1 11 (15.07%) Dynamics NAV
1 11 (15.07%) Dynamics AX
1 11 (15.07%) OpenLink RightAngle
1 11 (15.07%) Aligne
Database & Business Intelligence
1 1 (1.37%) SQL Server
General
1 42 (57.53%) Finance
2 34 (46.58%) Banking
3 22 (30.14%) Investment Banking
4 11 (15.07%) Back Office
5 8 (10.96%) Front Office
6 5 (6.85%) Legal
7 2 (2.74%) Financial Institution
8 1 (1.37%) Law
8 1 (1.37%) Corporate Banking
8 1 (1.37%) French Language
8 1 (1.37%) Manufacturing
Job Titles
1 43 (58.90%) Analyst
2 34 (46.58%) Business Analyst
3 17 (23.29%) Project Manager
4 6 (8.22%) Senior Business Analyst
4 6 (8.22%) Senior Analyst
5 5 (6.85%) Compliance Analyst
6 4 (5.48%) Banking Business Analyst
6 4 (5.48%) Consultant
7 3 (4.11%) Data Analyst
7 3 (4.11%) Senior Project Manager
7 3 (4.11%) Customer Analyst
7 3 (4.11%) Business Manager
7 3 (4.11%) Senior Manager
8 2 (2.74%) Compliance Consultant
8 2 (2.74%) FX Business Analyst
8 2 (2.74%) Business Project Manager
8 2 (2.74%) Financial Business Analyst
8 2 (2.74%) MiFID Consultant
8 2 (2.74%) Financial Services Business Analyst
8 2 (2.74%) Business Consultant
Libraries, Frameworks & Software Standards
1 1 (1.37%) .NET
1 1 (1.37%) .NET Framework
Miscellaneous
1 14 (19.18%) Derivative
2 8 (10.96%) Foreign Exchange (FX)
2 8 (10.96%) Hedge funds
3 5 (6.85%) Reference Data
4 2 (2.74%) Fixed Income
4 2 (2.74%) Equities
5 1 (1.37%) PMI
Processes & Methodologies
1 16 (21.92%) Business Analysis
2 13 (17.81%) Risk Management
3 12 (16.44%) Project Management
4 11 (15.07%) ERP
4 11 (15.07%) ETRM
5 7 (9.59%) User Acceptance Testing
5 7 (9.59%) Stakeholder Management
6 6 (8.22%) PRINCE2
6 6 (8.22%) Wealth Management
6 6 (8.22%) Asset Management
7 5 (6.85%) Use Case
7 5 (6.85%) Change Management
8 4 (5.48%) Investment Management
8 4 (5.48%) Agile Software Development
9 3 (4.11%) Business Transformation
9 3 (4.11%) Portfolio Management
9 3 (4.11%) Workflow
9 3 (4.11%) Validation
9 3 (4.11%) UML
9 3 (4.11%) Data Modelling
Programming Languages
1 6 (8.22%) SQL
2 1 (1.37%) VBA
Qualifications
1 6 (8.22%) Degree
2 5 (6.85%) ISEB
3 3 (4.11%) PRINCE2 Certification
4 2 (2.74%) PMI Certification
5 1 (1.37%) PMP
5 1 (1.37%) IIBA
5 1 (1.37%) CBAP
Quality Assurance & Compliance
1 44 (60.27%) EMIR
2 24 (32.88%) Dodd-Frank
3 7 (9.59%) FATCA
4 6 (8.22%) Sarbanes-Oxley
5 4 (5.48%) Basel II
6 3 (4.11%) Solvency II
6 3 (4.11%) AIFMD
7 2 (2.74%) QA
8 1 (1.37%) Data Quality
8 1 (1.37%) CRD IV
Vendors
1 11 (15.07%) SAP
1 11 (15.07%) OpenLink
1 11 (15.07%) Brady
1 11 (15.07%) Murex
1 11 (15.07%) Triple Point
2 2 (2.74%) GoldenSource
2 2 (2.74%) Business Objects
3 1 (1.37%) Oracle
3 1 (1.37%) Microsoft
3 1 (1.37%) Pega
3 1 (1.37%) Informatica
City of London
Huxley Associates
Rate: £750 - £850 per day
Posted: 27 days ago