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 24 August 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
24 Aug 2016
Same period 2015 Same period 2014
Markets in Financial Instruments Directive (MiFID)
Rank 528 559 598
Rank change year-on-year
+31 +39
Contract jobs citing MiFID 134 103 26
As % of all contract IT jobs located in the UK 0.25% 0.18% 0.047%
As % of the Quality Assurance & Compliance category 2.64% 1.88% 0.49%
Number of daily rates quoted 88 75 23
Median daily rate £563 £600 £600
Median daily rate % change year-on-year
-6.25% -
90% offered a daily rate of more than £425 £456 £178
10% offered a daily rate of more than £658 £750 £743
UK excluding London median daily rate £438 £475 £110
% change year-on-year
-7.89% +331.81%
Number of hourly rates quoted 0 1 0
Median hourly rate - £17.00 -
UK excluding London median hourly rate - £17.00 -

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
5080 5481 5293
As % of all contract IT jobs located in the UK 9.32% 9.38% 9.54%
Number of daily rates quoted 3272 3461 3255
Median daily rate £425 £425 £410
Median daily rate % change year-on-year
- +3.65%
90% offered a daily rate of more than £250 £255 £230
10% offered a daily rate of more than £575 £600 £560
UK excluding London median daily rate £400 £400 £380
% change year-on-year
- +5.26%
Number of hourly rates quoted 196 216 215
Median hourly rate £28.00 £24.00 £19.50
Median hourly rate % change year-on-year
+16.66% +23.07%
90% offered a hourly rate of more than £10.50 £12.00 £12.00
10% offered a hourly rate of more than £46.90 £60.80 £43.00
UK excluding London median hourly rate £28.15 £25.00 £20.00
% change year-on-year
+12.60% +25.00%

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 24 August 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 24 August 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 +33 130 £575 -4.16% 28
London +30 122 £575 -4.16% 27
City of London +43 25 £575 -8.00% 14
South East - 7 £550 - 1
West Sussex - 5 £450 - 1
Scotland +19 4 £381 -19.73% 2
Crawley - 4 £450 - 1
Edinburgh +2 2 £488 +2.63% 2
Glasgow - 2 £329 -
North East -24 1 £425 -
Tyne and Wear -27 1 £425 -
Newcastle upon Tyne -27 1 £425 -
Horsham - 1 - -
East Sussex - 1 £700 -
Surrey - 1 £550 -

MiFID
Top 30 Related IT Skills

For the 6 months to 24 August 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.

1 130 (50.19%) Finance
2 116 (44.79%) Banking
3 72 (27.80%) Investment Banking
4 70 (27.03%) Business Analysis
5 59 (22.78%) Stakeholder Management
6 55 (21.24%) EMIR
7 54 (20.85%) Agile Software Development
8 53 (20.46%) Dodd-Frank
9 50 (19.31%) Project Management
10 46 (17.76%) Front Office
11 34 (13.13%) Degree
12 33 (12.74%) Investment Management
13 32 (12.36%) Stakeholder Engagement
13 32 (12.36%) Asset Management
14 31 (11.97%) Equities
15 30 (11.58%) Derivative
15 30 (11.58%) Change Management
16 29 (11.20%) User Acceptance Testing
17 26 (10.04%) Fixed Income
18 25 (9.65%) Foreign Exchange (FX)
18 25 (9.65%) Analytical Skills
19 24 (9.27%) Legal
20 23 (8.88%) FATCA
21 19 (7.34%) Wealth Management
22 18 (6.95%) Back Office
22 18 (6.95%) SQL
23 16 (6.18%) C#
23 16 (6.18%) Management Information System
23 16 (6.18%) Hedge funds
24 15 (5.79%) Waterfall

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 7 (2.70%) Skype for Business
2 3 (1.16%) SharePoint
3 1 (0.39%) SharePoint 2010
Applications
1 12 (4.63%) MS Office
2 9 (3.47%) MS PowerPoint
3 8 (3.09%) MS Excel
4 6 (2.32%) MS Project
5 4 (1.54%) MS Visio
Business Applications
1 4 (1.54%) Summit
2 1 (0.39%) Oracle Procure-to-Pay
2 1 (0.39%) SunGard GMI
Cloud Services
1 1 (0.39%) IBM Blueworks
Communications & Networking
1 6 (2.32%) PBX
2 5 (1.93%) Intranet
3 2 (0.77%) Firewall
3 2 (0.77%) HTTP
3 2 (0.77%) SNMP
4 1 (0.39%) BGP
4 1 (0.39%) Cisco IOS
4 1 (0.39%) EIGRP
4 1 (0.39%) Ethernet
4 1 (0.39%) Extranet
4 1 (0.39%) Internet
4 1 (0.39%) IPsec
4 1 (0.39%) Junos
4 1 (0.39%) LAN
4 1 (0.39%) MPLS
4 1 (0.39%) Multicast
4 1 (0.39%) OSPF
4 1 (0.39%) TCP/IP
4 1 (0.39%) VPN
4 1 (0.39%) WAN
Database & Business Intelligence
1 5 (1.93%) SQL Server
2 4 (1.54%) KDB
3 3 (1.16%) Big Data
3 3 (1.16%) Oracle Database
3 3 (1.16%) QlikView
3 3 (1.16%) SQL Server 2012
4 2 (0.77%) Data Lake
4 2 (0.77%) Oracle Reports
4 2 (0.77%) Relational Database
4 2 (0.77%) SQL Server 2008
5 1 (0.39%) BusinessObjects
5 1 (0.39%) Data Mining
5 1 (0.39%) Data Warehouse
5 1 (0.39%) Hadoop
5 1 (0.39%) MS Access
5 1 (0.39%) NoSQL
5 1 (0.39%) Spotfire
5 1 (0.39%) SQL Server Analysis Services
5 1 (0.39%) SQL Server Integration Services
Development Applications
1 3 (1.16%) Team Foundation Server
1 3 (1.16%) Visual Studio Tools for Office
2 2 (0.77%) Subversion
3 1 (0.39%) JIRA
General
1 130 (50.19%) Finance
2 116 (44.79%) Banking
3 72 (27.80%) Investment Banking
4 46 (17.76%) Front Office
5 24 (9.27%) Legal
6 18 (6.95%) Back Office
7 15 (5.79%) Retail
8 12 (4.63%) Financial Institution
9 8 (3.09%) Marketing
10 4 (1.54%) French Language
11 3 (1.16%) Retail Banking
12 2 (0.77%) Private Banking
12 2 (0.77%) Spanish Language
13 1 (0.39%) Law
Job Titles
1 150 (57.92%) Analyst
2 132 (50.97%) Business Analyst
3 77 (29.73%) MiFID Business Analyst
4 55 (21.24%) Project Manager
5 37 (14.29%) Regulatory Business Analyst
6 28 (10.81%) MiFID Project Manager
7 19 (7.34%) Developer
8 18 (6.95%) Banking Analyst
8 18 (6.95%) Report Analyst
9 14 (5.41%) Regulatory Reporting Business Analyst
10 13 (5.02%) C# Developer
10 13 (5.02%) Project Analyst
11 11 (4.25%) Senior Manager
11 11 (4.25%) Technical Analyst
12 10 (3.86%) Agile C# Developer
12 10 (3.86%) Agile Developer
12 10 (3.86%) Investment Banking Business Analyst
12 10 (3.86%) Programme Manager
12 10 (3.86%) Senior Project Manager
12 10 (3.86%) Technical Business Analyst
Libraries, Frameworks & Software Standards
1 15 (5.79%) XML
2 10 (3.86%) .NET
3 9 (3.47%) Web Services
4 8 (3.09%) FpML
5 5 (1.93%) FIXML
6 3 (1.16%) OOXML
6 3 (1.16%) WinForms
6 3 (1.16%) WPF
7 2 (0.77%) .NET Framework
7 2 (0.77%) FIX Protocol
7 2 (0.77%) HTML
7 2 (0.77%) HTML5
8 1 (0.39%) AngularJS
8 1 (0.39%) CSS
8 1 (0.39%) Middleware
Miscellaneous
1 31 (11.97%) Equities
2 30 (11.58%) Derivative
3 26 (10.04%) Fixed Income
4 25 (9.65%) Analytical Skills
4 25 (9.65%) Foreign Exchange (FX)
5 16 (6.18%) Hedge funds
5 16 (6.18%) Management Information System
6 11 (4.25%) Computer Science
7 10 (3.86%) Equity Derivative
8 8 (3.09%) Fintech
8 8 (3.09%) Market Risk
9 5 (1.93%) Reference Data
10 4 (1.54%) Data Integration
11 3 (1.16%) Economics
11 3 (1.16%) Mathematics
11 3 (1.16%) OTC Derivatives
12 2 (0.77%) Data Centre
12 2 (0.77%) PMI
12 2 (0.77%) SWIFT
12 2 (0.77%) Virtual Team
Operating Systems
1 5 (1.93%) Unix
2 3 (1.16%) Linux
2 3 (1.16%) Windows
3 2 (0.77%) Windows 7
4 1 (0.39%) AIX
4 1 (0.39%) Oracle Linux
4 1 (0.39%) Red Hat Enterprise Linux
4 1 (0.39%) Solaris
Processes & Methodologies
1 70 (27.03%) Business Analysis
2 59 (22.78%) Stakeholder Management
3 54 (20.85%) Agile Software Development
4 50 (19.31%) Project Management
5 33 (12.74%) Investment Management
6 32 (12.36%) Asset Management
6 32 (12.36%) Stakeholder Engagement
7 30 (11.58%) Change Management
8 29 (11.20%) User Acceptance Testing
9 19 (7.34%) Wealth Management
10 15 (5.79%) Scrum
10 15 (5.79%) Waterfall
11 14 (5.41%) GAP Analysis
11 14 (5.41%) SDLC
12 13 (5.02%) Cash Management
12 13 (5.02%) Regulatory Compliance
13 12 (4.63%) Fund Management
13 12 (4.63%) Target Operating Model
14 11 (4.25%) PRINCE2
15 10 (3.86%) TDD
Programming Languages
1 18 (6.95%) SQL
2 16 (6.18%) C#
3 11 (4.25%) Java
4 4 (1.54%) VBA
5 3 (1.16%) JavaScript
6 2 (0.77%) C
7 1 (0.39%) Perl
7 1 (0.39%) Python
7 1 (0.39%) RPG
7 1 (0.39%) Ruby
Qualifications
1 34 (13.13%) Degree
2 8 (3.09%) ISEB
3 2 (0.77%) APMP
3 2 (0.77%) PMI Certification
3 2 (0.77%) PRINCE2 Certification
4 1 (0.39%) CBAP
4 1 (0.39%) CCDA
4 1 (0.39%) CCIE
4 1 (0.39%) CCNP
4 1 (0.39%) Cisco Certification
4 1 (0.39%) IIBA
4 1 (0.39%) ISTQB
4 1 (0.39%) MBA
Quality Assurance & Compliance
1 55 (21.24%) EMIR
2 53 (20.46%) Dodd-Frank
3 23 (8.88%) FATCA
4 9 (3.47%) UCITS
5 8 (3.09%) QA
6 7 (2.70%) AIFMD
7 2 (0.77%) BS25999
7 2 (0.77%) COBIT
7 2 (0.77%) COSO
7 2 (0.77%) ISO/IEC 27001
8 1 (0.39%) Basel III
8 1 (0.39%) Data Quality
8 1 (0.39%) SLA
System Software
1 1 (0.39%) Veritas Cluster Server
1 1 (0.39%) VMware Infrastructure
Systems Management
1 2 (0.77%) MOM
2 1 (0.39%) HP Quality Center
Vendors
1 9 (3.47%) Microsoft
2 8 (3.09%) Oracle
3 5 (1.93%) Murex
4 4 (1.54%) Sophis
5 3 (1.16%) Bloomberg
5 3 (1.16%) Calypso
6 2 (0.77%) Charles River
6 2 (0.77%) Cisco
6 2 (0.77%) Fidessa
6 2 (0.77%) Palantir
6 2 (0.77%) SunGard
6 2 (0.77%) Sybase
7 1 (0.39%) Alias
7 1 (0.39%) Avaloq
7 1 (0.39%) FNZ
7 1 (0.39%) GoldenSource
7 1 (0.39%) Pega
7 1 (0.39%) Tableau
7 1 (0.39%) VMware
7 1 (0.39%) Wall Street Systems
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