Period
to 12 August 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 12 August 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
12 Aug 2020
Same period 2019 Same period 2018
Rank 119 221 225
Rank change year-on-year +102 +4 -154
Contract jobs citing MiFID 8 20 34
As % of all contract jobs advertised in the City of London 0.37% 0.31% 0.49%
As % of the Quality Assurance & Compliance category 3.27% 3.53% 4.66%
Number of daily rates quoted 5 14 25
Median daily rate £650 £525 £525
Median daily rate % change year-on-year +23.81% - -12.50%
10th Percentile £458 £475 £350
90th Percentile £729 £650 £698
Central London median daily rate £550 £550 £550
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 245 567 729
As % of all contract IT jobs advertised in the City of London 11.31% 8.75% 10.44%
Number of daily rates quoted 142 427 552
Median daily rate £475 £500 £475
Median daily rate % change year-on-year -5.00% +5.26% -9.52%
10th Percentile £301 £323 £304
90th Percentile £643 £675 £675
Central London median daily rate £475 £500 £475
% change year-on-year -5.00% +5.26% -5.00%
Number of hourly rates quoted 4 7 9
Median hourly rate £38.48 £17.66 £18.70
Median hourly rate % change year-on-year +117.87% -5.56% +24.67%
10th Percentile £26.87 £11.25 £14.60
90th Percentile £38.75 £95.70 £46.50
Median hourly rate £38.48 £18.58 £18.85
% change year-on-year +107.08% -1.43% +26.30%

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 12 August 2020.

Daily rate histogram for MiFID in the City of London

For the 6 months to 12 August 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 5 (62.50%) Finance
2 4 (50.00%) Front Office
2 4 (50.00%) SQL
3 3 (37.50%) Microsoft
3 3 (37.50%) Agile Software Development
3 3 (37.50%) Asset Management
3 3 (37.50%) Degree
3 3 (37.50%) Investment Management
3 3 (37.50%) thinkFolio
3 3 (37.50%) Markit EDM
3 3 (37.50%) Problem-Solving
4 2 (25.00%) VersionOne
4 2 (25.00%) EMIR
4 2 (25.00%) Test Scripting
4 2 (25.00%) Agile Testing
4 2 (25.00%) HP Quality Center
4 2 (25.00%) JIRA
4 2 (25.00%) Data Analysis
4 2 (25.00%) Banking
4 2 (25.00%) Scrum
4 2 (25.00%) ETL
4 2 (25.00%) Charles River
4 2 (25.00%) SQL Server
4 2 (25.00%) Microsoft Office
5 1 (12.50%) ASP.NET
5 1 (12.50%) Python
5 1 (12.50%) Microsoft Excel
5 1 (12.50%) Client/Server
5 1 (12.50%) Sybase
5 1 (12.50%) .NET

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 2 (25.00%) Microsoft Office
2 1 (12.50%) Microsoft Excel
Business Applications
1 3 (37.50%) Markit EDM
1 3 (37.50%) thinkFolio
Database & Business Intelligence
1 2 (25.00%) SQL Server
Development Applications
1 2 (25.00%) JIRA
1 2 (25.00%) VersionOne
2 1 (12.50%) SpecFlow
2 1 (12.50%) TeamCity
General
1 5 (62.50%) Finance
2 4 (50.00%) Front Office
3 2 (25.00%) Banking
Job Titles
1 2 (25.00%) Analyst
1 2 (25.00%) Test Leader
2 1 (12.50%) Business Analyst
2 1 (12.50%) Business IT Analyst
2 1 (12.50%) Change Manager
2 1 (12.50%) Change Project Manager
2 1 (12.50%) Developer
2 1 (12.50%) IT Analyst
2 1 (12.50%) IT Business Analyst
2 1 (12.50%) Project Change Manager
2 1 (12.50%) Project Manager
2 1 (12.50%) Report Specialist
2 1 (12.50%) Scrum Master
2 1 (12.50%) Test Analyst
Libraries, Frameworks & Software Standards
1 1 (12.50%) .NET
1 1 (12.50%) ASP.NET
1 1 (12.50%) Velocity
1 1 (12.50%) WCF
1 1 (12.50%) WPF
Miscellaneous
1 1 (12.50%) ASIC
1 1 (12.50%) Client/Server
1 1 (12.50%) Foreign Exchange (FX)
Processes & Methodologies
1 3 (37.50%) Agile Software Development
1 3 (37.50%) Asset Management
1 3 (37.50%) Investment Management
1 3 (37.50%) Problem-Solving
2 2 (25.00%) Agile Testing
2 2 (25.00%) Data Analysis
2 2 (25.00%) ETL
2 2 (25.00%) Scrum
2 2 (25.00%) Test Scripting
3 1 (12.50%) Business Analysis
3 1 (12.50%) Data Science
3 1 (12.50%) Dependency Management
3 1 (12.50%) Kanban
3 1 (12.50%) Microservices
3 1 (12.50%) Project Management
3 1 (12.50%) TDD
3 1 (12.50%) Time Management
3 1 (12.50%) User Acceptance Testing
3 1 (12.50%) User Stories
3 1 (12.50%) Workflow
Programming Languages
1 4 (50.00%) SQL
2 1 (12.50%) C#
2 1 (12.50%) Python
Qualifications
1 3 (37.50%) Degree
Quality Assurance & Compliance
1 2 (25.00%) EMIR
2 1 (12.50%) QA
Systems Management
1 2 (25.00%) HP Quality Center
Vendors
1 3 (37.50%) Microsoft
2 2 (25.00%) Charles River
3 1 (12.50%) DevExpress
3 1 (12.50%) IBM
3 1 (12.50%) Sybase