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 3 months to 25 March 2017 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.

3 months to
25 Mar 2017
Same period 2016 Same period 2015
Markets in Financial Instruments Directive (MiFID)
London / City of London
Rank 57 137 192
Rank change year-on-year +80 +55  
Contract jobs citing MiFID 103 22 3
As % of all contract IT jobs advertised in the City of London 3.40% 0.66% 0.059%
As % of the Quality Assurance & Compliance category 23.36% 6.01% 0.56%
Number of daily rates quoted 80 21 2
Median daily rate £600 £600 £521
Median daily rate % change year-on-year - +15.16%  
90% offered a daily rate of more than £500 £525 £498
10% offered a daily rate of more than £700 £750 £544
UK excluding London median daily rate £450 £525 £400
% change year-on-year -14.28% +31.25%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

MiFID is in the quality assurance and compliance skills category. The next 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 and compliance skills.

Contract Quality Assurance & Compliance Skills
City of London
Contract job vacancies with a requirement for quality assurance and compliance skills 441 366 536
As % of all contract IT job vacancies advertised in the City of London 14.55% 11.00% 10.58%
Number of daily rates quoted 339 270 388
Median daily rate £500 £475 £438
Median daily rate % change year-on-year +5.26% +8.57%  
90% offered a daily rate of more than £332 £301 £275
10% offered a daily rate of more than £650 £625 £600
UK excluding London median daily rate £400 £400 £385
% change year-on-year - +3.89%  
Number of hourly rates quoted 6 4 1
Median hourly rate £13.75 £26.75 £19.14
Median hourly rate % change year-on-year -48.59% +39.79%  
UK excluding London median hourly rate £19.45 £41.00 £26.00
% change year-on-year -52.56% +57.69%  

MiFID
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London citing MiFID as a proportion of all contract or permanent IT jobs with a match in the Quality Assurance & Compliance category.

Job vacancy trend for MiFID in the City of London

MiFID
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing MiFID in the City of London.

Contractor daily rate trend for MiFID in the City of London

MiFID
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing MiFID in the City of London over the 3 months to 25 March 2017.

Contractor daily rate histogram for MiFID in the City of London

MiFID
Top 30 Related IT Skills in the City of London

For the 6 months to 25 March 2017, 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 across the City of London region with a requirement for MiFID.

1 56 (37.58%) Finance
2 52 (34.90%) Front Office
3 48 (32.21%) Banking
4 42 (28.19%) Business Analysis
5 36 (24.16%) Stakeholder Management
6 29 (19.46%) Investment Banking
7 28 (18.79%) Asset Management
8 27 (18.12%) Project Management
9 26 (17.45%) Derivative
10 24 (16.11%) Agile Software Development
10 24 (16.11%) Fixed Income
10 24 (16.11%) Equities
11 22 (14.77%) Foreign Exchange (FX)
11 22 (14.77%) SDLC
12 19 (12.75%) GAP Analysis
12 19 (12.75%) Investment Management
13 18 (12.08%) Wealth Management
13 18 (12.08%) EMIR
14 16 (10.74%) Change Management
15 15 (10.07%) Java
15 15 (10.07%) Dodd-Frank
16 13 (8.72%) Analytical Skills
17 11 (7.38%) SQL
17 11 (7.38%) Linux
18 10 (6.71%) Bloomberg
18 10 (6.71%) Legal
18 10 (6.71%) Advertising
18 10 (6.71%) Electronic Trading
19 9 (6.04%) Use Case
19 9 (6.04%) JIRA

MiFID
Top Related 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 (2.01%) Confluence
2 2 (1.34%) Elasticsearch
3 1 (0.67%) WebSphere
3 1 (0.67%) WebSphere Application Server
Applications
1 3 (2.01%) MS Excel
2 2 (1.34%) MS Office
2 2 (1.34%) MS PowerPoint
3 1 (0.67%) MS Project
3 1 (0.67%) MS Visio
Business Applications
1 5 (3.36%) ION MarketView
2 3 (2.01%) Bloomberg TOMS
3 2 (1.34%) thinkFolio
4 1 (0.67%) Markit EDM
4 1 (0.67%) RMDS
4 1 (0.67%) Sentinel
Communications & Networking
1 1 (0.67%) HTTP
Database & Business Intelligence
1 6 (4.03%) Big Data
2 5 (3.36%) Hazelcast
3 3 (2.01%) NoSQL
4 2 (1.34%) Data Warehouse
4 2 (1.34%) Hadoop
4 2 (1.34%) KDB
4 2 (1.34%) Kdb+
4 2 (1.34%) MongoDB
5 1 (0.67%) Data Mining
5 1 (0.67%) MS Access
5 1 (0.67%) Oracle Database
5 1 (0.67%) SQL Server
5 1 (0.67%) SQL Server 2008
5 1 (0.67%) SQLPlus
Development Applications
1 9 (6.04%) JIRA
2 2 (1.34%) webpack
3 1 (0.67%) ERwin
3 1 (0.67%) Git (software)
3 1 (0.67%) JUnit
3 1 (0.67%) Maven
3 1 (0.67%) Mockito
3 1 (0.67%) Selenium
3 1 (0.67%) SpecFlow
3 1 (0.67%) Subversion
3 1 (0.67%) TeamCity
3 1 (0.67%) Visual Studio
3 1 (0.67%) WebDriver
General
1 56 (37.58%) Finance
2 52 (34.90%) Front Office
3 48 (32.21%) Banking
4 29 (19.46%) Investment Banking
5 10 (6.71%) Advertising
5 10 (6.71%) Legal
6 5 (3.36%) Back Office
7 3 (2.01%) Financial Institution
8 2 (1.34%) French Language
8 2 (1.34%) International Banking
8 2 (1.34%) Mandarin Language
8 2 (1.34%) Retail
9 1 (0.67%) Dutch Language
9 1 (0.67%) German Language
9 1 (0.67%) Private Banking
9 1 (0.67%) Retail Banking
Job Titles
1 81 (54.36%) Analyst
2 79 (53.02%) Business Analyst
3 68 (45.64%) MiFID Business Analyst
4 22 (14.77%) Developer
4 22 (14.77%) Project Manager
5 17 (11.41%) Senior Analyst
6 14 (9.40%) Architect
6 14 (9.40%) Senior Business Analyst
7 12 (8.05%) Java Developer
7 12 (8.05%) MiFID Project Manager
8 9 (6.04%) Banking Analyst
8 9 (6.04%) Business IT Analyst
8 9 (6.04%) Investment Banking Business Analyst
8 9 (6.04%) IT Analyst
8 9 (6.04%) IT Business Analyst
8 9 (6.04%) MiFID Architect
9 8 (5.37%) Front Office Business Analyst
10 7 (4.70%) Lead Developer
10 7 (4.70%) Senior Developer
10 7 (4.70%) Senior Java Developer
Libraries, Frameworks & Software Standards
1 9 (6.04%) FIX Protocol
1 9 (6.04%) FpML
2 8 (5.37%) HTML
3 7 (4.70%) HTML5
4 5 (3.36%) XML
5 4 (2.68%) Middleware
5 4 (2.68%) Node.js
6 3 (2.01%) CSS
6 3 (2.01%) Murex MxML
6 3 (2.01%) Spring
7 2 (1.34%) .NET
7 2 (1.34%) AngularJS
7 2 (1.34%) React
7 2 (1.34%) WebSockets
8 1 (0.67%) JMS
8 1 (0.67%) RxJS
8 1 (0.67%) STL
8 1 (0.67%) Web Services
8 1 (0.67%) WebSphere MQ
8 1 (0.67%) XSD
Miscellaneous
1 26 (17.45%) Derivative
2 24 (16.11%) Equities
2 24 (16.11%) Fixed Income
3 22 (14.77%) Foreign Exchange (FX)
4 13 (8.72%) Analytical Skills
5 7 (4.70%) Equity Derivative
6 6 (4.03%) Fintech
7 4 (2.68%) Computer Science
8 3 (2.01%) Management Information System
8 3 (2.01%) Reference Data
8 3 (2.01%) User Experience
9 1 (0.67%) Algorithms
9 1 (0.67%) CMDB
9 1 (0.67%) Credit Risk
9 1 (0.67%) Hedge funds
9 1 (0.67%) Market Risk
9 1 (0.67%) N-Tier
9 1 (0.67%) OTC Derivatives
9 1 (0.67%) Virtual Team
9 1 (0.67%) Wiki
Operating Systems
1 11 (7.38%) Linux
2 6 (4.03%) Unix
3 5 (3.36%) Windows
Processes & Methodologies
1 42 (28.19%) Business Analysis
2 36 (24.16%) Stakeholder Management
3 28 (18.79%) Asset Management
4 27 (18.12%) Project Management
5 24 (16.11%) Agile Software Development
6 22 (14.77%) SDLC
7 19 (12.75%) GAP Analysis
7 19 (12.75%) Investment Management
8 18 (12.08%) Wealth Management
9 16 (10.74%) Change Management
10 10 (6.71%) Electronic Trading
11 9 (6.04%) KYC
11 9 (6.04%) Use Case
12 8 (5.37%) Requirements Analysis
12 8 (5.37%) UML
13 7 (4.70%) Business Process Analysis
13 7 (4.70%) Regulatory Compliance
13 7 (4.70%) User Acceptance Testing
14 6 (4.03%) SWOT Analysis
14 6 (4.03%) System Integration Testing
Programming Languages
1 15 (10.07%) Java
2 11 (7.38%) SQL
3 5 (3.36%) JavaScript
3 5 (3.36%) Shell Script
4 2 (1.34%) C#
4 2 (1.34%) C++
4 2 (1.34%) ES6
4 2 (1.34%) PL/SQL
5 1 (0.67%) C
5 1 (0.67%) T-SQL
5 1 (0.67%) VC++
Qualifications
1 7 (4.70%) Degree
2 5 (3.36%) ISEB
3 3 (2.01%) PMP
4 1 (0.67%) IIBA
4 1 (0.67%) PMI Certification
Quality Assurance & Compliance
1 18 (12.08%) EMIR
2 15 (10.07%) Dodd-Frank
3 5 (3.36%) FATCA
3 5 (3.36%) QA
4 4 (2.68%) Data Quality
5 3 (2.01%) SEPA
6 2 (1.34%) IFRS
6 2 (1.34%) IFRS 9
6 2 (1.34%) PMO
6 2 (1.34%) Solvency II
6 2 (1.34%) UCITS
7 1 (0.67%) AIFMD
7 1 (0.67%) CRD IV
7 1 (0.67%) ISO20022
7 1 (0.67%) SLA
System Software
1 2 (1.34%) HDFS
2 1 (0.67%) Docker
Systems Management
1 1 (0.67%) Kubernetes
Vendors
1 10 (6.71%) Bloomberg
2 6 (4.03%) Oracle
3 5 (3.36%) Fidessa
3 5 (3.36%) ION Trading
4 4 (2.68%) Microsoft
4 4 (2.68%) Murex
5 2 (1.34%) Charles River
5 2 (1.34%) GoldenSource
5 2 (1.34%) Reuters
6 1 (0.67%) Calypso
6 1 (0.67%) Cognizant
6 1 (0.67%) Solace
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