Period
to 21 April 2021

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 21 April 2021 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
21 Apr 2021
Same period 2020 Same period 2019
Rank 133 164 230
Rank change year-on-year +31 +66 -22
Contract jobs citing MiFID 11 8 15
As % of all contract jobs advertised in the City of London 0.44% 0.21% 0.22%
As % of the Quality Assurance & Compliance category 3.64% 1.98% 2.63%
Number of daily rates quoted 6 5 8
10th Percentile £525 " £494
25th Percentile £538 £495 £519
Median daily rate (50th Percentile) £593 £600 £613
Median % change year-on-year -1.25% -2.04% +2.08%
75th Percentile £641 £663 £650
90th Percentile £650 £678 £691
Central London median daily rate £593 £575 £600
% change year-on-year +3.04% -4.17% -

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 302 404 571
As % of all contract IT jobs advertised in the City of London 12.18% 10.52% 8.49%
Number of daily rates quoted 198 292 418
10th Percentile £338 £251 £313
25th Percentile £413 £375 £413
Median daily rate (50th Percentile) £513 £485 £525
Median % change year-on-year +5.67% -7.62% +5.26%
75th Percentile £600 £575 £575
90th Percentile £713 £638 £641
Central London median daily rate £513 £475 £500
% change year-on-year +7.89% -5.00% -
Number of hourly rates quoted 3 6 11
10th Percentile £14.05 £22.73 £12.50
25th Percentile £14.13 £29.62 £15.37
Median hourly rate £14.50 £38.48 £22.00
Median % change year-on-year -62.31% +74.89% +46.67%
75th Percentile £18.63 £38.75 £25.50
90th Percentile £20.95 £50.00 £27.25
Central London median hourly rate £17.25 £38.48 £21.59
% change year-on-year -55.17% +78.21% +41.57%

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 21 April 2021.

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 21 April 2021. 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 - -
MiFID
Central London

For the 6 months to 21 April 2021, 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 7 (63.64%) Finance
2 4 (36.36%) GAP Analysis
2 4 (36.36%) SQL
2 4 (36.36%) EMIR
2 4 (36.36%) Problem-Solving
2 4 (36.36%) Requirements Gathering
3 3 (27.27%) AIFMD
3 3 (27.27%) UCITS
3 3 (27.27%) Analytical Skills
3 3 (27.27%) Project Management
3 3 (27.27%) Microsoft Excel
3 3 (27.27%) Asset Management
4 2 (18.18%) Front Office
4 2 (18.18%) Agile Software Development
4 2 (18.18%) Legal
4 2 (18.18%) Fixed Income
4 2 (18.18%) Data Analysis
4 2 (18.18%) Business Analysis
4 2 (18.18%) Change Management
4 2 (18.18%) OTC Derivatives
4 2 (18.18%) Derivative
4 2 (18.18%) Investment Management
5 1 (9.09%) Deadline-Driven
5 1 (9.09%) Project Delivery
5 1 (9.09%) Time Management
5 1 (9.09%) Data Mapping
5 1 (9.09%) Product Management
5 1 (9.09%) Portfolio Management
5 1 (9.09%) CFA
5 1 (9.09%) Degree

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:

Applications
1 3 (27.27%) Microsoft Excel
2 1 (9.09%) Microsoft Office
2 1 (9.09%) Microsoft PowerPoint
2 1 (9.09%) MS Visio
General
1 7 (63.64%) Finance
2 2 (18.18%) Front Office
2 2 (18.18%) Legal
Job Titles
1 7 (63.64%) Analyst
1 7 (63.64%) Business Analyst
2 4 (36.36%) Commodities Business Analyst
2 4 (36.36%) Regulatory Business Analyst
3 2 (18.18%) Asset Management Analyst
3 2 (18.18%) Asset Management Business Analyst
3 2 (18.18%) Business IT Analyst
3 2 (18.18%) IT Analyst
3 2 (18.18%) IT Business Analyst
3 2 (18.18%) MiFID Business Analyst
3 2 (18.18%) Regulatory Reporting Business Analyst
3 2 (18.18%) Report Analyst
4 1 (9.09%) Charles River Consultant
4 1 (9.09%) Compliance Consultant
4 1 (9.09%) Consultant
4 1 (9.09%) Development Consultant
4 1 (9.09%) Documentation Writer
4 1 (9.09%) Product Manager
4 1 (9.09%) Senior Manager
4 1 (9.09%) Senior Product Manager
Miscellaneous
1 3 (27.27%) Analytical Skills
2 2 (18.18%) Derivative
2 2 (18.18%) Fixed Income
2 2 (18.18%) OTC Derivatives
3 1 (9.09%) Foreign Exchange (FX)
3 1 (9.09%) Management Information System
3 1 (9.09%) Self-Motivation
Processes & Methodologies
1 4 (36.36%) GAP Analysis
1 4 (36.36%) Problem-Solving
1 4 (36.36%) Requirements Gathering
2 3 (27.27%) Asset Management
2 3 (27.27%) Project Management
3 2 (18.18%) Agile Software Development
3 2 (18.18%) Business Analysis
3 2 (18.18%) Change Management
3 2 (18.18%) Data Analysis
3 2 (18.18%) Investment Management
4 1 (9.09%) Active Listening
4 1 (9.09%) Data Mapping
4 1 (9.09%) Deadline-Driven
4 1 (9.09%) Portfolio Management
4 1 (9.09%) Product Management
4 1 (9.09%) Project Delivery
4 1 (9.09%) Software Testing
4 1 (9.09%) Time Management
4 1 (9.09%) Traceability Matrix
4 1 (9.09%) User Acceptance Testing
Programming Languages
1 4 (36.36%) SQL
Qualifications
1 1 (9.09%) CFA
1 1 (9.09%) Degree
Quality Assurance & Compliance
1 4 (36.36%) EMIR
2 3 (27.27%) AIFMD
2 3 (27.27%) UCITS
Vendors
1 1 (9.09%) Charles River
1 1 (9.09%) Microsoft