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 5 May 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
5 May 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 523 576 574
Rank change year-on-year
+53 -2
Contract jobs citing MiFID 130 64 42
As % of all contract IT jobs located in the UK 0.23% 0.11% 0.077%
As % of the Quality Assurance & Compliance category 2.61% 1.26% 0.84%
Number of daily rates quoted 92 47 30
Median daily rate £550 £625 £550
Median daily rate % change year-on-year
-12.00% +13.63%
90% offered a daily rate of more than £313 £512 £347
10% offered a daily rate of more than £700 £750 £675
UK excluding London median daily rate £425 £400 £550
% change year-on-year
+6.25% -27.27%
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
4977 5098 5023
As % of all contract IT jobs located in the UK 8.96% 9.14% 9.22%
Number of daily rates quoted 3157 3123 3041
Median daily rate £425 £410 £400
Median daily rate % change year-on-year
+3.65% +2.50%
90% offered a daily rate of more than £260 £260 £248
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £400 £388 £365
% change year-on-year
+3.22% +6.16%
Number of hourly rates quoted 186 168 229
Median hourly rate £22.50 £26.00 £21.00
Median hourly rate % change year-on-year
-13.46% +23.80%
90% offered a hourly rate of more than £11.88 £12.10 £11.00
10% offered a hourly rate of more than £52.50 £49.50 £43.50
UK excluding London median hourly rate £22.50 £29.00 £21.00
% change year-on-year
-22.41% +38.09%

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 5 May 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 15 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 5 May 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 +41 126 £563 -10.00% 21
London +64 121 £575 -8.00% 21
City of London +49 24 £588 -11.32% 6
Scotland -18 4 £525 +31.25%
Edinburgh - 2 £525 -
South Yorkshire - 2 £350 -
Yorkshire - 2 £350 -
Sheffield - 2 £350 -
Glasgow +3 1 £325 -18.75%
Tyne and Wear - 1 - -
South East - 1 - -
North East - 1 - -
West Sussex - 1 - -
Worthing - 1 - -
Newcastle upon Tyne - 1 - -

MiFID
Top 30 Related IT Skills

For the 6 months to 5 May 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.

1 164 (52.40%) Banking
2 160 (51.12%) Finance
3 108 (34.50%) EMIR
4 99 (31.63%) Investment Banking
5 85 (27.16%) Dodd-Frank
6 71 (22.68%) Business Analysis
7 69 (22.04%) Front Office
8 67 (21.41%) Derivative
9 56 (17.89%) Project Management
10 54 (17.25%) Stakeholder Management
11 50 (15.97%) Asset Management
12 43 (13.74%) Equities
13 42 (13.42%) SQL
13 42 (13.42%) SDLC
14 31 (9.90%) Fixed Income
14 31 (9.90%) Analytical Skills
14 31 (9.90%) AIFMD
15 30 (9.58%) Back Office
16 29 (9.27%) Degree
17 28 (8.95%) FATCA
18 26 (8.31%) Agile Software Development
18 26 (8.31%) Foreign Exchange (FX)
18 26 (8.31%) Hedge funds
19 24 (7.67%) Legal
20 23 (7.35%) GAP Analysis
21 22 (7.03%) Change Management
22 21 (6.71%) QA
22 21 (6.71%) Computer Science
22 21 (6.71%) Calypso
23 20 (6.39%) Murex

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 5 (1.60%) Skype for Business
2 1 (0.32%) IBM Notes
2 1 (0.32%) SharePoint
2 1 (0.32%) WebSphere
Applications
1 13 (4.15%) MS Office
2 8 (2.56%) MS PowerPoint
3 6 (1.92%) MS Visio
4 5 (1.60%) MS Excel
5 3 (0.96%) MS Project
Business Applications
1 18 (5.75%) Summit
2 3 (0.96%) Markit EDM
3 2 (0.64%) ION MarketView
3 2 (0.64%) thinkFolio
3 2 (0.64%) Unit4 Business World
4 1 (0.32%) Eagle PACE
4 1 (0.32%) Eikon
4 1 (0.32%) Endur
4 1 (0.32%) Global One
4 1 (0.32%) Loan IQ
4 1 (0.32%) Oracle Procure-to-Pay
4 1 (0.32%) Temenos T24
Communications & Networking
1 4 (1.28%) PBX
2 3 (0.96%) HTTP
3 2 (0.64%) HTTPS
4 1 (0.32%) Firewall
4 1 (0.32%) Multicast
4 1 (0.32%) SNMP
4 1 (0.32%) TCP/IP
Database & Business Intelligence
1 7 (2.24%) SQL Server
2 6 (1.92%) Data Warehouse
3 5 (1.60%) Relational Database
4 3 (0.96%) QlikView
4 3 (0.96%) RDBMS
4 3 (0.96%) SQL Server 2008
5 2 (0.64%) Oracle Reports
5 2 (0.64%) SQL Server 2012
6 1 (0.32%) Big Data
6 1 (0.32%) BusinessObjects
6 1 (0.32%) Crystal Reports
6 1 (0.32%) NoSQL
6 1 (0.32%) OLTP
6 1 (0.32%) SQL Server Integration Services
6 1 (0.32%) SQL Server Reporting Services
Development Applications
1 4 (1.28%) Visual Studio Tools for Office
2 2 (0.64%) Cucumber
2 2 (0.64%) Selenium
2 2 (0.64%) Subversion
3 1 (0.32%) MSTest
3 1 (0.32%) NUnit
3 1 (0.32%) TeamCity
3 1 (0.32%) Visual Studio
General
1 164 (52.40%) Banking
2 160 (51.12%) Finance
3 99 (31.63%) Investment Banking
4 69 (22.04%) Front Office
5 30 (9.58%) Back Office
6 24 (7.67%) Legal
7 12 (3.83%) Retail
8 6 (1.92%) Private Banking
8 6 (1.92%) Retail Banking
8 6 (1.92%) Wholesale Banking
9 4 (1.28%) Electronics
9 4 (1.28%) French Language
10 3 (0.96%) Financial Institution
10 3 (0.96%) International Banking
11 2 (0.64%) Marketing
12 1 (0.32%) Advertising
12 1 (0.32%) Games
12 1 (0.32%) German Language
12 1 (0.32%) Pharmaceutical
12 1 (0.32%) Telecoms
Job Titles
1 182 (58.15%) Analyst
2 170 (54.31%) Business Analyst
3 83 (26.52%) MiFID Business Analyst
4 62 (19.81%) Project Manager
5 56 (17.89%) Regulatory Business Analyst
6 35 (11.18%) Banking Analyst
7 31 (9.90%) Report Analyst
8 27 (8.63%) Business IT Analyst
8 27 (8.63%) IT Analyst
8 27 (8.63%) IT Business Analyst
9 25 (7.99%) Regulatory Reporting Business Analyst
10 22 (7.03%) MiFID Project Manager
11 19 (6.07%) Programme Manager
11 19 (6.07%) Project Analyst
12 18 (5.75%) Investment Banking Business Analyst
12 18 (5.75%) Senior Business Analyst
13 17 (5.43%) Senior Analyst
14 16 (5.11%) Finance Business Analyst
14 16 (5.11%) Financial Analyst
15 14 (4.47%) Banking Business Analyst
Libraries, Frameworks & Software Standards
1 16 (5.11%) .NET
2 13 (4.15%) XML
3 9 (2.88%) Web Services
4 5 (1.60%) WPF
5 4 (1.28%) .NET Framework
5 4 (1.28%) ASP.NET
5 4 (1.28%) ASP.NET MVC
5 4 (1.28%) FIXML
5 4 (1.28%) OOXML
5 4 (1.28%) WinForms
6 3 (0.96%) FIX Protocol
6 3 (0.96%) FpML
6 3 (0.96%) WCF
7 2 (0.64%) AngularJS
7 2 (0.64%) HTML
7 2 (0.64%) Middleware
8 1 (0.32%) ASP.NET MVC 4
8 1 (0.32%) ASP.NET Web API
8 1 (0.32%) CSS
8 1 (0.32%) Twitter Bootstrap
Miscellaneous
1 67 (21.41%) Derivative
2 43 (13.74%) Equities
3 31 (9.90%) Analytical Skills
3 31 (9.90%) Fixed Income
4 26 (8.31%) Foreign Exchange (FX)
4 26 (8.31%) Hedge funds
5 21 (6.71%) Computer Science
6 19 (6.07%) Market Risk
7 13 (4.15%) Equity Derivative
8 8 (2.56%) Reference Data
9 7 (2.24%) Management Information System
10 6 (1.92%) Economics
10 6 (1.92%) Statistics
11 5 (1.60%) SWIFT
12 3 (0.96%) Data Integration
13 2 (0.64%) DTCC
13 2 (0.64%) Enterprise Software
13 2 (0.64%) Fintech
13 2 (0.64%) Mathematics
14 1 (0.32%) Contract for Difference
Operating Systems
1 8 (2.56%) Linux
2 6 (1.92%) Windows
3 5 (1.60%) Unix
4 3 (0.96%) Windows 7
5 2 (0.64%) Solaris
6 1 (0.32%) AIX
6 1 (0.32%) Oracle Linux
6 1 (0.32%) Red Hat Enterprise Linux
Processes & Methodologies
1 71 (22.68%) Business Analysis
2 56 (17.89%) Project Management
3 54 (17.25%) Stakeholder Management
4 50 (15.97%) Asset Management
5 42 (13.42%) SDLC
6 26 (8.31%) Agile Software Development
7 23 (7.35%) GAP Analysis
8 22 (7.03%) Change Management
9 18 (5.75%) Algorithmic Trading
9 18 (5.75%) Investment Management
10 17 (5.43%) Data Modelling
11 16 (5.11%) PRINCE2
11 16 (5.11%) User Acceptance Testing
12 13 (4.15%) Fund Management
13 12 (3.83%) Electronic Trading
14 10 (3.19%) Continuous Integration
14 10 (3.19%) Low Latency
14 10 (3.19%) Stakeholder Engagement
14 10 (3.19%) Target Operating Model
15 9 (2.88%) Software Delivery
Programming Languages
1 42 (13.42%) SQL
2 18 (5.75%) Java
3 12 (3.83%) C#
4 8 (2.56%) Perl
4 8 (2.56%) Python
5 7 (2.24%) C++
6 6 (1.92%) Bash Shell
7 4 (1.28%) VBA
8 3 (0.96%) VB
9 2 (0.64%) C
9 2 (0.64%) JavaScript
9 2 (0.64%) PL/SQL
10 1 (0.32%) Ruby
10 1 (0.32%) Scala
Qualifications
1 29 (9.27%) Degree
2 3 (0.96%) ISEB
3 1 (0.32%) CBAP
3 1 (0.32%) IIBA
3 1 (0.32%) ISTQB
3 1 (0.32%) MBA
3 1 (0.32%) PMI Certification
3 1 (0.32%) PRINCE2 Certification
Quality Assurance & Compliance
1 108 (34.50%) EMIR
2 85 (27.16%) Dodd-Frank
3 31 (9.90%) AIFMD
4 28 (8.95%) FATCA
5 21 (6.71%) QA
6 13 (4.15%) UCITS
7 7 (2.24%) Basel II
7 7 (2.24%) CRD IV
8 4 (1.28%) Solvency II
9 2 (0.64%) Basel III
9 2 (0.64%) BS25999
9 2 (0.64%) COBIT
9 2 (0.64%) COSO
9 2 (0.64%) ISO/IEC 27001
10 1 (0.32%) Data Quality
10 1 (0.32%) ISO20022
10 1 (0.32%) SLA
System Software
1 1 (0.32%) Veritas Cluster Server
1 1 (0.32%) VMware Infrastructure
Systems Management
1 1 (0.32%) Control-M
1 1 (0.32%) HP Quality Center
Vendors
1 21 (6.71%) Calypso
2 20 (6.39%) Murex
3 17 (5.43%) Microsoft
3 17 (5.43%) Oracle
4 6 (1.92%) Bloomberg
5 5 (1.60%) Fidessa
6 4 (1.28%) ION Trading
7 3 (0.96%) Avaloq
7 3 (0.96%) Sophis
7 3 (0.96%) Temenos
8 2 (0.64%) FactSet
8 2 (0.64%) Sybase
8 2 (0.64%) Wall Street Systems
9 1 (0.32%) Cisco
9 1 (0.32%) HP
9 1 (0.32%) IBM
9 1 (0.32%) Informatica
9 1 (0.32%) SAP
9 1 (0.32%) SunGard
9 1 (0.32%) Veritas
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