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 30 January 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
30 Jan 2015
Same period 2014 Same period 2013
Markets in Financial Instruments Directive (MiFID)
Rank 551 513 519
Rank change year-on-year
-38 +6
Contract jobs citing MiFID 32 40 20
As % of all contract IT jobs located in the UK 0.063% 0.083% 0.045%
As % of the Quality Assurance & Compliance category 0.80% 1.08% 0.62%
Number of daily rates quoted 24 35 17
Average daily rate
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of your Daily Rate
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£550 £700 £550
Average daily rate % change year-on-year
-21.42% +27.27%
90% offered a daily rate of more than £265 £575 £316
10% offered a daily rate of more than £643 £850 £650
UK excluding London average daily rate £413 - £115
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
3977 3718 3214
As % of all contract IT jobs located in the UK 7.79% 7.72% 7.20%
Number of daily rates quoted 2364 2202 1807
Average daily rate £400 £410 £400
Average daily rate % change year-on-year
-2.43% +2.50%
90% offered a daily rate of more than £225 £230 £225
10% offered a daily rate of more than £600 £600 £575
UK excluding London average daily rate £380 £350 £330
% change year-on-year
+8.57% +6.06%
Number of hourly rates quoted 158 138 221
Average hourly rate £19.00 £17.00 £23.00
Average hourly rate % change year-on-year
+11.76% -26.08%
90% offered a hourly rate of more than £10.82 £10.93 £11.28
10% offered a hourly rate of more than £47.50 £50.68 £45.00
UK excluding London average hourly rate £19.00 £17.08 £23.00
% change year-on-year
+11.27% -25.76%

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 January 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 6 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 January 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 -29 29 £550 -21.42% 11
London -16 28 £563 -19.64% 11
Scotland - 3 £375 - 2
City of London +6 1 £550 -8.33% 5
Docklands, London - - - -
Edinburgh - - - - 2

MiFID
Top 30 Related IT Skills

For the 6 months to 30 January 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 40 (57.14%) Banking
2 37 (52.86%) EMIR
3 29 (41.43%) Investment Banking
4 25 (35.71%) Finance
5 15 (21.43%) Dodd-Frank
6 12 (17.14%) Asset Management
7 11 (15.71%) Business Analysis
7 11 (15.71%) Derivative
7 11 (15.71%) Stakeholder Management
7 11 (15.71%) Investment Management
8 10 (14.29%) Risk Management
9 8 (11.43%) QA
10 7 (10.00%) Basel III
10 7 (10.00%) FATCA
10 7 (10.00%) Front Office
10 7 (10.00%) Back Office
10 7 (10.00%) Project Management
11 6 (8.57%) SAP
11 6 (8.57%) SQL
11 6 (8.57%) ERP
11 6 (8.57%) Murex
11 6 (8.57%) OpenLink
11 6 (8.57%) Endur
11 6 (8.57%) Dynamics NAV
11 6 (8.57%) Dynamics AX
11 6 (8.57%) ZaiNet
11 6 (8.57%) SAP Oil and Gas
11 6 (8.57%) Brady
11 6 (8.57%) OpenLink RightAngle
11 6 (8.57%) ETRM

MiFID
Top Related IT Skills by Category

For the 6 months to 30 January 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 3 (4.29%) MTS
Applications
1 3 (4.29%) MS Office
2 2 (2.86%) MS PowerPoint
3 1 (1.43%) MS Visio
Business Applications
1 6 (8.57%) Endur
1 6 (8.57%) Dynamics NAV
1 6 (8.57%) Dynamics AX
1 6 (8.57%) ZaiNet
1 6 (8.57%) SAP Oil and Gas
1 6 (8.57%) OpenLink RightAngle
1 6 (8.57%) Aligne
2 3 (4.29%) ION MarketView
3 1 (1.43%) Rolfe and Nolan
3 1 (1.43%) SunGard Stream Clearvision
Database & Business Intelligence
1 5 (7.14%) SQL Server
2 1 (1.43%) Relational Database
2 1 (1.43%) MS Access
Development Applications
1 3 (4.29%) Toad
General
1 40 (57.14%) Banking
2 29 (41.43%) Investment Banking
3 25 (35.71%) Finance
4 7 (10.00%) Front Office
4 7 (10.00%) Back Office
5 2 (2.86%) Legal
5 2 (2.86%) French Language
6 1 (1.43%) Dutch Language
6 1 (1.43%) Private Banking
6 1 (1.43%) Wholesale Banking
Job Titles
1 37 (52.86%) Analyst
2 34 (48.57%) Business Analyst
3 19 (27.14%) Project Manager
4 7 (10.00%) Investment Banking Business Analyst
5 5 (7.14%) Test Leader
6 4 (5.71%) Systems Analyst
6 4 (5.71%) Banking Business Analyst
6 4 (5.71%) MiFID Business Analyst
7 3 (4.29%) Consultant
7 3 (4.29%) Test Analyst
7 3 (4.29%) Business Systems Analyst
8 2 (2.86%) Programme Manager
8 2 (2.86%) Architect
8 2 (2.86%) Senior Manager
8 2 (2.86%) Senior Business Analyst
8 2 (2.86%) Technical Business Analyst
8 2 (2.86%) Senior Analyst
8 2 (2.86%) Senior Project Manager
8 2 (2.86%) Technical Analyst
8 2 (2.86%) Middle Office Analyst
Miscellaneous
1 11 (15.71%) Derivative
2 5 (7.14%) Analytical Skills
2 5 (7.14%) Fixed Income
2 5 (7.14%) Foreign Exchange (FX)
3 4 (5.71%) Reference Data
4 3 (4.29%) User Experience
5 2 (2.86%) Credit Derivative
5 2 (2.86%) Equities
Operating Systems
1 1 (1.43%) Windows
Processes & Methodologies
1 12 (17.14%) Asset Management
2 11 (15.71%) Business Analysis
2 11 (15.71%) Stakeholder Management
2 11 (15.71%) Investment Management
3 10 (14.29%) Risk Management
4 7 (10.00%) Project Management
5 6 (8.57%) ERP
5 6 (8.57%) ETRM
6 4 (5.71%) Data Modelling
6 4 (5.71%) GAP Analysis
6 4 (5.71%) Migration
6 4 (5.71%) Data Migration
6 4 (5.71%) BPMN
6 4 (5.71%) Agile Software Development
6 4 (5.71%) Analytics
7 3 (4.29%) Automation Testing
7 3 (4.29%) Waterfall
7 3 (4.29%) User Acceptance Testing
7 3 (4.29%) Electronic Trading
7 3 (4.29%) Workflow
Programming Languages
1 6 (8.57%) SQL
Qualifications
1 2 (2.86%) Degree
2 1 (1.43%) CCA
Quality Assurance & Compliance
1 37 (52.86%) EMIR
2 15 (21.43%) Dodd-Frank
3 8 (11.43%) QA
4 7 (10.00%) Basel III
4 7 (10.00%) FATCA
5 3 (4.29%) UCITS
6 1 (1.43%) CRD IV
6 1 (1.43%) AIFMD
6 1 (1.43%) Basel II
Vendors
1 6 (8.57%) SAP
1 6 (8.57%) Murex
1 6 (8.57%) OpenLink
1 6 (8.57%) Brady
1 6 (8.57%) Triple Point
2 3 (4.29%) ION Trading
2 3 (4.29%) Microsoft
3 2 (2.86%) Actimize
4 1 (1.43%) Avaloq
London
McGregor Boyall
Rate: £500 - £600 per day
Posted: 2 days ago
London
McGregor Boyall
Rate: £500 - £600 per day
Posted: 2 days ago
London
Hays IT - Uk Posting account
Rate: £650.00 - £750.00 per day
Posted: 4 days ago
London
Hays IT - Uk Posting account
Rate: £500.00 - £600 per day
Posted: 7 days ago
London
Hays IT - Uk Posting account
Rate: £500.00 - £650.00 per day
Posted: 14 days ago