Period
to 29 November 2020

The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for MiFID skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited MiFID over the 6 months to 29 November 2020 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Markets in Financial Instruments Directive (MiFID)
Central London > City of London
6 months to
29 Nov 2020
Same period 2019 Same period 2018
Rank 113 197 242
Rank change year-on-year +84 +45 -128
Contract jobs citing MiFID 11 19 17
As % of all contract jobs advertised in the City of London 0.57% 0.33% 0.24%
As % of the Quality Assurance & Compliance category 6.08% 3.47% 2.70%
Number of daily rates quoted 4 10 12
Median daily rate £600 £500 £600
Median daily rate % change year-on-year +20.00% -16.67% +4.35%
10th Percentile £450 £403 £420
90th Percentile £646 £644 £790
Central London median daily rate £575 £500 £600
% change year-on-year +15.00% -16.67% +4.35%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
Central London median hourly rate - - -

MiFID is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in the City of London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
City of London
Contract vacancies with a requirement for quality assurance or compliance skills 181 548 629
As % of all contract IT jobs advertised in the City of London 9.30% 9.52% 8.91%
Number of daily rates quoted 105 393 485
Median daily rate £475 £495 £475
Median daily rate % change year-on-year -4.04% +4.21% -5.00%
10th Percentile £291 £301 £273
90th Percentile £638 £688 £658
Central London median daily rate £475 £475 £475
Number of hourly rates quoted 1 3 13
Median hourly rate £22.00 £16.50 £19.00
Median hourly rate % change year-on-year +33.33% -13.16% +26.67%
Median hourly rate £81.00 £17.98 £19.00
% change year-on-year +350.44% -5.36% +26.67%

MiFID
Job Vacancy Trend in the City of London

Job postings citing MiFID as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for MiFID in the City of London

MiFID
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing MiFID in the City of London.

Daily rate trend for MiFID in the City of London

MiFID
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing MiFID in the City of London over the 6 months to 29 November 2020.

Daily rate histogram for MiFID in the City of London

MiFID
Contract Job Locations in the City of London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the City of London region over the 6 months to 29 November 2020. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London Bridge - 1 - - 1
MiFID
Central London

For the 6 months to 29 November 2020, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region with a requirement for MiFID.

1 8 (72.73%) Finance
2 6 (54.55%) Agile Software Development
2 6 (54.55%) Banking
3 5 (45.45%) SQL
4 4 (36.36%) Java
4 4 (36.36%) Java 8
5 3 (27.27%) Multithreaded Programming
5 3 (27.27%) EMIR
5 3 (27.27%) Microservices
5 3 (27.27%) Concurrent Programming
5 3 (27.27%) OSGi
5 3 (27.27%) REST
5 3 (27.27%) High Availability
5 3 (27.27%) AngularJS
5 3 (27.27%) Jenkins
5 3 (27.27%) Enterprise Software
5 3 (27.27%) Apache Camel
5 3 (27.27%) Performance Tuning
5 3 (27.27%) Relational Database
5 3 (27.27%) Problem-Solving
5 3 (27.27%) Red Hat Fuse
5 3 (27.27%) JavaScript
5 3 (27.27%) JMS
5 3 (27.27%) ETL
5 3 (27.27%) RDBMS
5 3 (27.27%) Microsoft
5 3 (27.27%) Oracle
5 3 (27.27%) SQL Server
5 3 (27.27%) JDBC
5 3 (27.27%) Apache

MiFID
Co-occurring IT Skills in the City of London 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 3 (27.27%) Apache
1 3 (27.27%) Red Hat Fuse
Applications
1 2 (18.18%) Microsoft Excel
1 2 (18.18%) Microsoft Office
Cloud Services
1 1 (9.09%) Amazon EMR
1 1 (9.09%) Amazon S3
1 1 (9.09%) AWS
1 1 (9.09%) Azure
Database & Business Intelligence
1 3 (27.27%) RDBMS
1 3 (27.27%) Relational Database
1 3 (27.27%) SQL Server
2 1 (9.09%) Amazon Redshift
2 1 (9.09%) Big Data
2 1 (9.09%) Data Warehouse
2 1 (9.09%) Hadoop
2 1 (9.09%) NoSQL
Development Applications
1 3 (27.27%) Jenkins
2 2 (18.18%) VersionOne
General
1 8 (72.73%) Finance
2 6 (54.55%) Banking
3 1 (9.09%) Legal
Job Titles
1 3 (27.27%) Applications Developer
1 3 (27.27%) Developer
1 3 (27.27%) Java Applications Developer
1 3 (27.27%) Java Developer
2 2 (18.18%) Analyst
2 2 (18.18%) Business Analyst
2 2 (18.18%) Commodities Business Analyst
2 2 (18.18%) Regulatory Business Analyst
2 2 (18.18%) Test Leader
3 1 (9.09%) Charles River Consultant
3 1 (9.09%) Cloud Architect
3 1 (9.09%) Compliance Consultant
3 1 (9.09%) Consultant
3 1 (9.09%) Development Consultant
3 1 (9.09%) IT Analyst
3 1 (9.09%) IT Business Analyst
3 1 (9.09%) QA Engineer
3 1 (9.09%) Regulatory Reporting Business Analyst
3 1 (9.09%) Report Analyst
3 1 (9.09%) Report Specialist
Libraries, Frameworks & Software Standards
1 3 (27.27%) Ajax
1 3 (27.27%) AngularJS
1 3 (27.27%) Apache Camel
1 3 (27.27%) GWT
1 3 (27.27%) Hibernate
1 3 (27.27%) HTML
1 3 (27.27%) HTML5
1 3 (27.27%) JDBC
1 3 (27.27%) JMS
1 3 (27.27%) jQuery
1 3 (27.27%) JSF
1 3 (27.27%) OSGi
1 3 (27.27%) REST
1 3 (27.27%) Spring
2 1 (9.09%) Kafka
Miscellaneous
1 3 (27.27%) Clustering
1 3 (27.27%) Enterprise Software
2 1 (9.09%) Analytical Skills
2 1 (9.09%) ASIC
2 1 (9.09%) Derivative
2 1 (9.09%) Management Information System
2 1 (9.09%) OTC Derivatives
2 1 (9.09%) Self-Motivation
Processes & Methodologies
1 6 (54.55%) Agile Software Development
2 3 (27.27%) Concurrent Programming
2 3 (27.27%) Continuous Integration
2 3 (27.27%) ETL
2 3 (27.27%) High Availability
2 3 (27.27%) Microservices
2 3 (27.27%) Multithreaded Programming
2 3 (27.27%) Multithreading
2 3 (27.27%) Open Source
2 3 (27.27%) Performance Tuning
2 3 (27.27%) Problem-Solving
2 3 (27.27%) Scalability Testing
2 3 (27.27%) Unit Testing
2 3 (27.27%) Web Development
3 2 (18.18%) Agile Testing
3 2 (18.18%) Data Analysis
3 2 (18.18%) Investment Management
3 2 (18.18%) Requirements Gathering
3 2 (18.18%) Time Management
3 2 (18.18%) User Acceptance Testing
Programming Languages
1 5 (45.45%) SQL
2 4 (36.36%) Java
2 4 (36.36%) Java 8
3 3 (27.27%) JavaScript
Qualifications
1 3 (27.27%) Degree
Quality Assurance & Compliance
1 3 (27.27%) EMIR
2 1 (9.09%) AIFMD
2 1 (9.09%) GDPR
2 1 (9.09%) IFRS
2 1 (9.09%) QA
2 1 (9.09%) Solvency II
2 1 (9.09%) UCITS
Systems Management
1 2 (18.18%) HP Quality Center
Vendors
1 3 (27.27%) Microsoft
1 3 (27.27%) Oracle
2 1 (9.09%) Charles River
2 1 (9.09%) Cloudera
2 1 (9.09%) Google
2 1 (9.09%) Hortonworks