MiFID Contracts in the City of London

Markets in Financial Instruments Directive (MiFID)
Central London > City of London

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 4 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
4 May 2024
Same period 2023 Same period 2022
Rank 122 157 178
Rank change year-on-year +35 +21 -36
Contract jobs citing MiFID 2 17 19
As % of all contract jobs advertised in the City of London 0.092% 0.47% 0.45%
As % of the Quality Assurance & Compliance category 0.53% 3.64% 2.82%
Number of daily rates quoted 2 14 18
10th Percentile £701 £620 £574
25th Percentile £703 £638 £650
Median daily rate (50th Percentile) £713 £675 £700
Median % change year-on-year +5.56% -3.57% +11.11%
75th Percentile £728 £742 £750
90th Percentile £734 £776 £835
Central London median daily rate £700 £675 £700
% change year-on-year +3.70% -3.57% +11.11%

All Quality Assurance and Compliance Skills
City of London

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.

Contract vacancies with a requirement for quality assurance or compliance skills 374 467 674
As % of all contract IT jobs advertised in the City of London 17.23% 12.88% 15.87%
Number of daily rates quoted 271 340 452
10th Percentile £363 £398 £350
25th Percentile £463 £500 £461
Median daily rate (50th Percentile) £550 £600 £563
Median % change year-on-year -8.33% +6.67% +8.70%
75th Percentile £674 £725 £638
90th Percentile £775 £838 £755
Central London median daily rate £550 £600 £550
% change year-on-year -8.33% +9.09% +7.32%
Number of hourly rates quoted 3 0 4
10th Percentile £16.78 - £19.13
25th Percentile £17.96 - £23.06
Median hourly rate £20.61 - £43.50
Median % change year-on-year - - +200.00%
75th Percentile £22.65 - £61.94
90th Percentile £23.46 - £62.28
Central London median hourly rate £23.40 £23.50 £43.50
% change year-on-year -0.43% -45.98% +200.00%

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
Co-occurring Skills and Capabilities in the City of London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

General
1 1 (50.00%) Back Office
1 1 (50.00%) Banking
1 1 (50.00%) Finance
1 1 (50.00%) Front Office
1 1 (50.00%) Investment Banking
Job Titles
1 1 (50.00%) Analyst
1 1 (50.00%) Information Manager
1 1 (50.00%) IT Manager
1 1 (50.00%) IT Project Manager
1 1 (50.00%) Project Manager
1 1 (50.00%) QA Analyst
1 1 (50.00%) QA Test Analyst
1 1 (50.00%) Test Analyst
Libraries, Frameworks & Software Standards
1 1 (50.00%) JSON
1 1 (50.00%) XML
Miscellaneous
1 1 (50.00%) DTCC
Operating Systems
1 1 (50.00%) Linux
1 1 (50.00%) Unix
1 1 (50.00%) Windows
Processes & Methodologies
1 2 (100.00%) SDLC
2 1 (50.00%) Functional Testing
2 1 (50.00%) Project Management
2 1 (50.00%) Regulatory Change
2 1 (50.00%) TDD
2 1 (50.00%) Test Automation
2 1 (50.00%) Validation
Programming Languages
1 1 (50.00%) SQL
Qualifications
1 1 (50.00%) ISEB
1 1 (50.00%) ISTQB
Quality Assurance & Compliance
1 1 (50.00%) EMIR
1 1 (50.00%) QA
Vendors
1 1 (50.00%) Progress