Period
to 9 May 2021

The following table provides summary statistics for contract job vacancies advertised in England 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 9 May 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)
UK > England
6 months to
9 May 2021
Same period 2020 Same period 2019
Rank 543 587 746
Rank change year-on-year +44 +159 -160
Contract jobs citing MiFID 69 31 97
As % of all contract jobs advertised in England 0.16% 0.067% 0.11%
As % of the Quality Assurance & Compliance category 1.42% 0.66% 1.09%
Number of daily rates quoted 37 23 73
10th Percentile £430 £478 £481
25th Percentile £523 £495 £525
Median daily rate (50th Percentile) £600 £550 £600
Median % change year-on-year +9.09% -8.33% +4.35%
75th Percentile £675 £650 £650
90th Percentile £787 £675 £675
UK median daily rate £600 £525 £595
% change year-on-year +14.29% -11.76% +3.48%

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 England with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
England
Contract vacancies with a requirement for quality assurance or compliance skills 4,865 4,701 8,888
As % of all contract IT jobs advertised in England 10.94% 10.09% 10.54%
Number of daily rates quoted 3,177 3,008 5,690
10th Percentile £263 £239 £250
25th Percentile £363 £350 £353
Median daily rate (50th Percentile) £475 £450 £450
Median % change year-on-year +5.56% - -
75th Percentile £588 £563 £563
90th Percentile £675 £650 £650
UK median daily rate £475 £450 £450
% change year-on-year +5.56% - -
Number of hourly rates quoted 248 207 303
10th Percentile £11.36 £13.28 £10.58
25th Percentile £14.19 £17.26 £13.25
Median hourly rate £20.95 £22.61 £20.25
Median % change year-on-year -7.34% +11.68% -5.84%
75th Percentile £39.13 £47.50 £41.13
90th Percentile £52.50 £53.00 £50.00
UK median hourly rate £21.00 £22.50 £20.24
% change year-on-year -6.67% +11.17% -5.86%

MiFID
Job Vacancy Trend in England

Job postings citing MiFID as a proportion of all IT jobs advertised in England.

Job vacancy trend for MiFID in England

MiFID
Contractor Daily Rate Trend in England

3-month moving average daily rate quoted in jobs citing MiFID in England.

Daily rate trend for MiFID in England

MiFID
Daily Rate Histogram in England

Daily rate distribution for jobs citing MiFID in England over the 6 months to 9 May 2021.

Daily rate histogram for MiFID in England

MiFID
Contractor Hourly Rate Trend in England

3-month moving average hourly rates quoted in jobs citing MiFID in England.

Hourly rate trend for MiFID in England

MiFID
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the England region over the 6 months to 9 May 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 +13 67 £594 +6.50% 6
North West - 1 - -
South East - 1 £870 -
North of England - 1 - -
MiFID
UK

For the 6 months to 9 May 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 England region with a requirement for MiFID.

1 40 (57.97%) Finance
2 30 (43.48%) Banking
3 25 (36.23%) Agile Software Development
3 25 (36.23%) Social Skills
4 21 (30.43%) SQL
5 20 (28.99%) Foreign Exchange (FX)
6 17 (24.64%) EMIR
7 16 (23.19%) Problem-Solving
8 14 (20.29%) Front Office
8 14 (20.29%) Investment Banking
9 13 (18.84%) Analytical Skills
9 13 (18.84%) User Acceptance Testing
10 12 (17.39%) Electronic Trading
11 11 (15.94%) Investment Management
11 11 (15.94%) Python
12 10 (14.49%) Java
12 10 (14.49%) Business Analysis
12 10 (14.49%) JIRA
12 10 (14.49%) Data Analysis
12 10 (14.49%) REST
13 9 (13.04%) Stakeholder Management
13 9 (13.04%) Computer Science
13 9 (13.04%) Derivative
14 8 (11.59%) QA
14 8 (11.59%) Legal
14 8 (11.59%) Hedge funds
14 8 (11.59%) BDD
14 8 (11.59%) Integration Testing
14 8 (11.59%) Velocity
14 8 (11.59%) AIFMD

MiFID
Co-occurring IT Skills in England 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 7 (10.14%) Confluence
2 3 (4.35%) Apache
2 3 (4.35%) Red Hat Fuse
2 3 (4.35%) SharePoint
3 2 (2.90%) Apache Spark
Applications
1 7 (10.14%) Microsoft Excel
2 5 (7.25%) Microsoft Office
3 4 (5.80%) Microsoft PowerPoint
4 2 (2.90%) Microsoft Project
5 1 (1.45%) MS Visio
Business Applications
1 2 (2.90%) Orchestrade
Cloud Services
1 3 (4.35%) AWS
Communications & Networking
1 2 (2.90%) TCP/IP
2 1 (1.45%) Internet
Database & Business Intelligence
1 4 (5.80%) NoSQL
2 3 (4.35%) KDB
2 3 (4.35%) Relational Database
3 2 (2.90%) Big Data
3 2 (2.90%) Kdb+
Development Applications
1 10 (14.49%) JIRA
2 4 (5.80%) Git (software)
3 3 (4.35%) Jenkins
3 3 (4.35%) TestComplete
4 2 (2.90%) Cucumber
5 1 (1.45%) Selenium
General
1 40 (57.97%) Finance
2 30 (43.48%) Banking
3 25 (36.23%) Social Skills
4 14 (20.29%) Front Office
4 14 (20.29%) Investment Banking
5 13 (18.84%) Analytical Skills
6 8 (11.59%) Legal
6 8 (11.59%) Public Sector
7 5 (7.25%) Presentation Skills
7 5 (7.25%) Private Banking
8 4 (5.80%) Back Office
8 4 (5.80%) French Language
9 1 (1.45%) Arabic Language
9 1 (1.45%) Financial Institution
9 1 (1.45%) Influencing Skills
9 1 (1.45%) Italian Language
9 1 (1.45%) Mandarin Language
9 1 (1.45%) Organisational Skills
9 1 (1.45%) Wholesale Banking
Job Titles
1 27 (39.13%) Analyst
2 25 (36.23%) Business Analyst
3 19 (27.54%) Developer
4 8 (11.59%) Regulatory Business Analyst
5 7 (10.14%) Banking Analyst
5 7 (10.14%) Java Developer
5 7 (10.14%) Report Analyst
6 5 (7.25%) Python Developer
6 5 (7.25%) Senior Developer
7 4 (5.80%) Commodities Business Analyst
7 4 (5.80%) Compliance Consultant
7 4 (5.80%) Consultant
7 4 (5.80%) Developer/Software Engineer
7 4 (5.80%) FX Business Analyst
7 4 (5.80%) Investment Banking Business Analyst
7 4 (5.80%) Java Engineer
7 4 (5.80%) Java Software Developer
7 4 (5.80%) Java Software Engineer
7 4 (5.80%) Project Manager
7 4 (5.80%) Software Engineer
Libraries, Frameworks & Software Standards
1 10 (14.49%) REST
2 8 (11.59%) Velocity
3 7 (10.14%) Middleware
3 7 (10.14%) Spring
3 7 (10.14%) XML
4 6 (8.70%) React
5 5 (7.25%) AngularJS
6 4 (5.80%) Kafka
6 4 (5.80%) RabbitMQ
6 4 (5.80%) Spring Boot
7 3 (4.35%) Ajax
7 3 (4.35%) FIX Protocol
7 3 (4.35%) GWT
7 3 (4.35%) Hibernate
7 3 (4.35%) HTML5
7 3 (4.35%) JMS
7 3 (4.35%) jQuery
7 3 (4.35%) JSF
7 3 (4.35%) NumPy
7 3 (4.35%) OSGi
Miscellaneous
1 20 (28.99%) Foreign Exchange (FX)
2 9 (13.04%) Derivative
3 8 (11.59%) Hedge funds
4 7 (10.14%) Fixed Income
5 5 (7.25%) Self-Motivation
6 4 (5.80%) Equities
6 4 (5.80%) Management Information System
6 4 (5.80%) OTC Derivatives
7 3 (4.35%) Clustering
7 3 (4.35%) Data Structures
7 3 (4.35%) Enterprise Software
8 2 (2.90%) Algorithms
8 2 (2.90%) Greenfield Project
9 1 (1.45%) DTCC
9 1 (1.45%) Market Risk
9 1 (1.45%) Reference Data
9 1 (1.45%) Reinsurance
9 1 (1.45%) Taxonomies
9 1 (1.45%) User Experience
9 1 (1.45%) Virtual Team
Operating Systems
1 5 (7.25%) Linux
2 1 (1.45%) Unix
Processes & Methodologies
1 25 (36.23%) Agile Software Development
2 16 (23.19%) Problem-Solving
3 13 (18.84%) User Acceptance Testing
4 12 (17.39%) Electronic Trading
5 11 (15.94%) Investment Management
6 10 (14.49%) Business Analysis
6 10 (14.49%) Data Analysis
7 9 (13.04%) Computer Science
7 9 (13.04%) Stakeholder Management
8 8 (11.59%) BDD
8 8 (11.59%) Data Engineering
8 8 (11.59%) Integration Testing
9 7 (10.14%) GAP Analysis
9 7 (10.14%) Project Management
9 7 (10.14%) Scrum
10 6 (8.70%) Change Management
10 6 (8.70%) Microservices
10 6 (8.70%) Requirements Gathering
10 6 (8.70%) Unit Testing
11 5 (7.25%) Fintech
Programming Languages
1 21 (30.43%) SQL
2 11 (15.94%) Python
3 10 (14.49%) Java
4 7 (10.14%) JavaScript
5 3 (4.35%) C#
5 3 (4.35%) Java 8
5 3 (4.35%) PL/SQL
6 2 (2.90%) Bash Shell
6 2 (2.90%) C++
6 2 (2.90%) Haskell
6 2 (2.90%) Scala
7 1 (1.45%) R
7 1 (1.45%) TypeScript
7 1 (1.45%) VBA
Qualifications
1 7 (10.14%) Degree
2 4 (5.80%) Computer Science Degree
3 3 (4.35%) Master's Degree
4 2 (2.90%) CFA
5 1 (1.45%) CBAP
5 1 (1.45%) MBA
5 1 (1.45%) PMI Certification
Quality Assurance & Compliance
1 17 (24.64%) EMIR
2 8 (11.59%) AIFMD
2 8 (11.59%) QA
3 7 (10.14%) Dodd-Frank
3 7 (10.14%) UCITS
4 4 (5.80%) FATCA
5 3 (4.35%) GDPR
6 2 (2.90%) PMO
6 2 (2.90%) SLA
7 1 (1.45%) Data Quality
Systems Management
1 3 (4.35%) HP ALM
Vendors
1 4 (5.80%) Charles River
1 4 (5.80%) IBM
2 3 (4.35%) Oracle
3 2 (2.90%) Microsoft
4 1 (1.45%) Informatica
4 1 (1.45%) Segue