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 3 months to 26 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
26 Mar 2017
Same period 2016 Same period 2015
Markets in Financial Instruments Directive (MiFID)
UK / England
Rank 251 489 556
Rank change year-on-year +238 +67  
Contract jobs citing MiFID 386 124 38
As % of all contract IT jobs advertised in England 0.94% 0.25% 0.079%
As % of the Quality Assurance & Compliance category 7.99% 2.30% 0.66%
Number of daily rates quoted 301 84 23
Median daily rate £600 £600 £575
Median daily rate % change year-on-year - +4.34%  
90% offered a daily rate of more than £475 £409 £530
10% offered a daily rate of more than £700 £750 £700
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 England with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
England
Contract job vacancies with a requirement for quality assurance and compliance skills 4829 5391 5779
As % of all contract IT job vacancies advertised in England 11.70% 10.99% 11.95%
Number of daily rates quoted 3181 3489 3547
Median daily rate £450 £425 £400
Median daily rate % change year-on-year +5.88% +6.25%  
90% offered a daily rate of more than £275 £250 £235
10% offered a daily rate of more than £620 £599 £600
UK excluding London median daily rate £400 £400 £380
% change year-on-year - +5.26%  
Number of hourly rates quoted 149 183 164
Median hourly rate £19.70 £37.50 £26.00
Median hourly rate % change year-on-year -47.46% +44.23%  
90% offered a hourly rate of more than £11.00 £13.05 £11.79
10% offered a hourly rate of more than £50.90 £61.00 £53.20
UK excluding London median hourly rate £19.90 £41.00 £29.00
% change year-on-year -51.46% +41.37%  

MiFID
Job Vacancy Trend in England

The job posting trend of jobs advertised in England 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 England

MiFID
Contractor Daily Rate Trend in England

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

Contractor daily rate trend for MiFID in England

MiFID
Contractor Daily Rate Histogram in England

The daily rate distribution of IT jobs citing MiFID in England over the 3 months to 26 March 2017.

Contractor daily rate histogram for MiFID in England

MiFID
Contractor Hourly Rate Trend in England

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing MiFID in England.

Contractor 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 3 months to 26 March 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London +186 376 £600 - 45
South East +27 4 £575 - 1
North West - 4 £313 -
South West - 1 £450 -
East of England - 1 £450 -
MiFID
UK

MiFID
Top 30 Related IT Skills in England

For the 6 months to 26 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 England region with a requirement for MiFID.

1 301 (47.40%) Finance
2 274 (43.15%) Banking
3 189 (29.76%) Front Office
4 143 (22.52%) EMIR
5 141 (22.20%) Business Analysis
6 131 (20.63%) Derivative
7 127 (20.00%) Investment Banking
8 124 (19.53%) Dodd-Frank
9 123 (19.37%) Stakeholder Management
10 114 (17.95%) Agile Software Development
11 105 (16.54%) Equities
12 96 (15.12%) Project Management
13 94 (14.80%) Foreign Exchange (FX)
14 91 (14.33%) Java
15 88 (13.86%) SQL
16 83 (13.07%) Asset Management
17 81 (12.76%) Fixed Income
18 71 (11.18%) Change Management
19 65 (10.24%) Investment Management
20 64 (10.08%) Unix
21 62 (9.76%) SDLC
22 59 (9.29%) GAP Analysis
23 56 (8.82%) Scrum
24 50 (7.87%) Wealth Management
25 47 (7.40%) Electronic Trading
26 42 (6.61%) XML
26 42 (6.61%) Analytical Skills
27 40 (6.30%) Back Office
28 39 (6.14%) Spring
29 37 (5.83%) Degree

MiFID
Top Related 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 8 (1.26%) WebSphere
2 5 (0.79%) WebLogic
3 4 (0.63%) Confluence
4 2 (0.31%) Elasticsearch
5 1 (0.16%) Apache Spark
5 1 (0.16%) JBoss
5 1 (0.16%) MTS
5 1 (0.16%) Oracle SOA Suite
5 1 (0.16%) SharePoint
5 1 (0.16%) WebSphere Application Server
Applications
1 14 (2.20%) MS Excel
2 13 (2.05%) MS PowerPoint
3 9 (1.42%) MS Office
4 6 (0.94%) MS Visio
5 5 (0.79%) MS Project
Business Applications
1 9 (1.42%) ION MarketView
2 5 (0.79%) Bloomberg TOMS
3 4 (0.63%) Murex MxG2000
4 3 (0.47%) thinkFolio
5 2 (0.31%) Sonata
6 1 (0.16%) BondVision
6 1 (0.16%) BusinessWorks
6 1 (0.16%) CA PPM
6 1 (0.16%) Global One
6 1 (0.16%) IntelliMatch
6 1 (0.16%) Loan IQ
6 1 (0.16%) Markit EDM
6 1 (0.16%) RMDS
6 1 (0.16%) Sentinel
6 1 (0.16%) Summit
6 1 (0.16%) Temenos T24
Cloud Services
1 9 (1.42%) Amazon AWS
1 9 (1.42%) Microsoft Azure
Communications & Networking
1 6 (0.94%) TCP/IP
2 3 (0.47%) Multicast
3 2 (0.31%) HTTP
3 2 (0.31%) Internet
4 1 (0.16%) Extranet
4 1 (0.16%) Network Security
4 1 (0.16%) PuTTY
Database & Business Intelligence
1 30 (4.72%) Relational Database
2 28 (4.41%) DB2
3 17 (2.68%) Big Data
4 11 (1.73%) Data Warehouse
5 9 (1.42%) Hadoop
5 9 (1.42%) KDB
5 9 (1.42%) SQL Server
6 6 (0.94%) Hazelcast
7 5 (0.79%) MongoDB
8 4 (0.63%) NoSQL
8 4 (0.63%) SQL Server 2008
9 3 (0.47%) Data Mining
9 3 (0.47%) Kdb+
9 3 (0.47%) Oracle Database
10 2 (0.31%) Apache Hive
10 2 (0.31%) HBase
10 2 (0.31%) MS Access
10 2 (0.31%) SQL Server 2014
10 2 (0.31%) SQL Server Integration Services
11 1 (0.16%) QlikView
Development Applications
1 26 (4.09%) Git (software)
1 26 (4.09%) Maven
2 23 (3.62%) Gradle
2 23 (3.62%) Jenkins
3 22 (3.46%) Cucumber
4 20 (3.15%) Ant
4 20 (3.15%) Concordion
4 20 (3.15%) JBehave
5 19 (2.99%) Hudson
6 17 (2.68%) JUnit
7 15 (2.36%) Selenium
8 12 (1.89%) JIRA
9 9 (1.42%) FitNesse
10 8 (1.26%) TeamCity
11 7 (1.10%) Mockito
11 7 (1.10%) Subversion
12 6 (0.94%) webpack
13 3 (0.47%) SpecFlow
14 1 (0.16%) Apache Ivy
14 1 (0.16%) Capybara
General
1 301 (47.40%) Finance
2 274 (43.15%) Banking
3 189 (29.76%) Front Office
4 127 (20.00%) Investment Banking
5 40 (6.30%) Back Office
6 34 (5.35%) Legal
7 11 (1.73%) Financial Institution
8 10 (1.57%) Advertising
8 10 (1.57%) Private Banking
8 10 (1.57%) Retail
9 7 (1.10%) Prime Brokerage
10 4 (0.63%) French Language
10 4 (0.63%) Retail Banking
11 3 (0.47%) Corporate Banking
11 3 (0.47%) Marketing
11 3 (0.47%) Wholesale Banking
12 2 (0.31%) German Language
12 2 (0.31%) International Banking
12 2 (0.31%) Mandarin Language
12 2 (0.31%) Telecoms
Job Titles
1 324 (51.02%) Analyst
2 323 (50.87%) Business Analyst
3 224 (35.28%) MiFID Business Analyst
4 103 (16.22%) Developer
5 94 (14.80%) Project Manager
6 60 (9.45%) Java Developer
7 56 (8.82%) Regulatory Business Analyst
8 46 (7.24%) MiFID Project Manager
9 44 (6.93%) Senior Analyst
10 41 (6.46%) Senior Business Analyst
11 31 (4.88%) Architect
11 31 (4.88%) Derivatives Business Analyst
11 31 (4.88%) Front Office Business Analyst
12 29 (4.57%) Investment Banking Business Analyst
13 27 (4.25%) Banking Analyst
14 26 (4.09%) IT Business Analyst
15 24 (3.78%) Business IT Analyst
15 24 (3.78%) IT Analyst
16 21 (3.31%) Senior Developer
17 20 (3.15%) Senior Java Developer
Libraries, Frameworks & Software Standards
1 42 (6.61%) XML
2 39 (6.14%) Spring
3 32 (5.04%) FIX Protocol
4 24 (3.78%) HTML
5 23 (3.62%) JSON
6 21 (3.31%) HTML5
7 20 (3.15%) Middleware
7 20 (3.15%) SOAP
8 17 (2.68%) FpML
9 15 (2.36%) Boost C++ Libraries
9 15 (2.36%) STL
10 14 (2.20%) Protocol Buffers
11 12 (1.89%) Node.js
12 9 (1.42%) AngularJS
12 9 (1.42%) JMS
13 7 (1.10%) .NET
13 7 (1.10%) CSS
13 7 (1.10%) WebSockets
14 6 (0.94%) Hibernate
14 6 (0.94%) Murex MxML
Miscellaneous
1 131 (20.63%) Derivative
2 105 (16.54%) Equities
3 94 (14.80%) Foreign Exchange (FX)
4 81 (12.76%) Fixed Income
5 42 (6.61%) Analytical Skills
6 32 (5.04%) Fintech
7 30 (4.72%) Equity Derivative
8 20 (3.15%) OTC Derivatives
9 18 (2.83%) Reference Data
10 16 (2.52%) Algorithms
11 15 (2.36%) Computer Science
12 13 (2.05%) Market Risk
13 11 (1.73%) Credit Risk
13 11 (1.73%) N-Tier
14 9 (1.42%) Hedge funds
15 8 (1.26%) Management Information System
16 7 (1.10%) User Experience
17 6 (0.94%) Interest Rate Derivative
18 5 (0.79%) Swaptions
19 3 (0.47%) PMI
Operating Systems
1 64 (10.08%) Unix
2 27 (4.25%) Linux
3 6 (0.94%) Windows
4 4 (0.63%) Solaris
5 1 (0.16%) Windows Server
Processes & Methodologies
1 141 (22.20%) Business Analysis
2 123 (19.37%) Stakeholder Management
3 114 (17.95%) Agile Software Development
4 96 (15.12%) Project Management
5 83 (13.07%) Asset Management
6 71 (11.18%) Change Management
7 65 (10.24%) Investment Management
8 62 (9.76%) SDLC
9 59 (9.29%) GAP Analysis
10 56 (8.82%) Scrum
11 50 (7.87%) Wealth Management
12 47 (7.40%) Electronic Trading
13 35 (5.51%) OO
14 32 (5.04%) Microservices
15 31 (4.88%) Algorithmic Trading
16 30 (4.72%) Target Operating Model
17 29 (4.57%) Regulatory Compliance
17 29 (4.57%) Risk Management
18 28 (4.41%) Data Modelling
18 28 (4.41%) Test Scripting
Programming Languages
1 91 (14.33%) Java
2 88 (13.86%) SQL
3 34 (5.35%) Shell Script
4 27 (4.25%) C++
5 18 (2.83%) JavaScript
6 15 (2.36%) C#
7 8 (1.26%) PL/SQL
7 8 (1.26%) Python
8 6 (0.94%) ES6
9 5 (0.79%) Scala
10 3 (0.47%) C
10 3 (0.47%) Perl
11 2 (0.31%) Tcl
11 2 (0.31%) T-SQL
11 2 (0.31%) VBA
12 1 (0.16%) Ruby
12 1 (0.16%) VB.NET
12 1 (0.16%) VBScript
12 1 (0.16%) VC++
Qualifications
1 37 (5.83%) Degree
2 12 (1.89%) PMP
3 11 (1.73%) ISEB
4 10 (1.57%) PMI Certification
5 5 (0.79%) PRINCE2 Practitioner
6 2 (0.31%) ISTQB
6 2 (0.31%) PgMP
6 2 (0.31%) PRINCE2 Certification
7 1 (0.16%) CAPM
7 1 (0.16%) CISA
7 1 (0.16%) CISM
7 1 (0.16%) CISSP
7 1 (0.16%) IIBA
7 1 (0.16%) QiCA
7 1 (0.16%) Security Cleared
Quality Assurance & Compliance
1 143 (22.52%) EMIR
2 124 (19.53%) Dodd-Frank
3 23 (3.62%) FATCA
4 20 (3.15%) QA
5 12 (1.89%) IFRS
5 12 (1.89%) IFRS 9
6 11 (1.73%) Basel III
7 10 (1.57%) Solvency II
8 9 (1.42%) PMO
9 8 (1.26%) AIFMD
10 6 (0.94%) Data Quality
11 3 (0.47%) GDPR
11 3 (0.47%) SEPA
12 2 (0.31%) CRD IV
12 2 (0.31%) SLA
13 1 (0.16%) ISO20022
13 1 (0.16%) SDET
13 1 (0.16%) UCITS
System Software
1 20 (3.15%) Docker
2 7 (1.10%) HDFS
Systems Management
1 3 (0.47%) Kubernetes
2 1 (0.16%) HP Quality Center
Vendors
1 20 (3.15%) Oracle
2 19 (2.99%) Perforce
3 18 (2.83%) Bloomberg
4 14 (2.20%) ION Trading
4 14 (2.20%) Murex
5 12 (1.89%) Solace
6 11 (1.73%) Sybase
7 10 (1.57%) Cognizant
8 8 (1.26%) Fidessa
9 7 (1.10%) Microsoft
10 6 (0.94%) Reuters
11 4 (0.63%) Adobe
11 4 (0.63%) Charles River
11 4 (0.63%) TIBCO
12 2 (0.31%) FNZ
12 2 (0.31%) GoldenSource
12 2 (0.31%) Google
12 2 (0.31%) Temenos
13 1 (0.16%) FXall
13 1 (0.16%) Wallstreet Suite
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