Period
to 17 November 2017

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 17 November 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.

Markets in Financial Instruments Directive (MiFID)
UK > England
6 months to
17 Nov 2017
Same period 2016 Same period 2015
Rank 282 500 570
Rank change year-on-year +218 +70 +219
Contract jobs citing MiFID 843 400 318
As % of all contract IT jobs advertised in England 0.89% 0.41% 0.30%
As % of the Quality Assurance & Compliance category 7.07% 3.60% 2.57%
Number of daily rates quoted 628 299 206
England median daily rate £575 £575 £600
Median daily rate % change year-on-year - -4.17% +4.35%
10th Percentile £400 £425 £475
90th Percentile £750 £725 £738
UK median daily rate £575 £575 £600
% change year-on-year - -4.17% +4.35%
Number of hourly rates quoted 1 0 1
England median hourly rate £25.50 - £17.00
UK median hourly rate £25.50 - £17.00

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 11931 11108 12395
As % of all contract IT jobs advertised in England 12.62% 11.29% 11.80%
Number of daily rates quoted 7863 7294 7987
England median daily rate £450 £425 £413
Median daily rate % change year-on-year +5.88% +3.03% +3.13%
10th Percentile £263 £225 £238
90th Percentile £638 £600 £590
UK median daily rate £438 £425 £405
% change year-on-year +2.94% +4.94% +1.25%
Number of hourly rates quoted 332 395 432
England median hourly rate £20.00 £22.84 £21.60
Median hourly rate % change year-on-year -12.42% +5.74% +9.34%
10th Percentile £11.02 £10.83 £11.25
90th Percentile £48.75 £47.25 £51.13
UK median hourly rate £20.00 £23.17 £22.50
% change year-on-year -13.67% +2.97% +15.38%

MiFID
Job Vacancy Trend in England

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

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 6 months to 17 November 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 contractor hourly rates quoted in IT 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 6 months to 17 November 2017. 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 +139 810 £575 -1.08% 15
South East +4 16 £450 -16.28%
Midlands - 6 £500 -
North of England +60 5 £400 -21.95%
North West +23 5 £400 -23.81%
West Midlands - 5 £500 -
South West +1 4 £363 -30.95%
East of England - 2 £500 -
MiFID
UK

For the 6 months to 17 November 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.

1 449 (53.26%) Finance
2 352 (41.76%) Banking
3 245 (29.06%) Front Office
4 190 (22.54%) EMIR
5 179 (21.23%) Investment Banking
6 171 (20.28%) Derivative
7 170 (20.17%) Agile Software Development
8 162 (19.22%) SQL
9 150 (17.79%) Equities
10 144 (17.08%) Java
11 143 (16.96%) Fixed Income
12 140 (16.61%) Business Analysis
13 136 (16.13%) Foreign Exchange (FX)
14 95 (11.27%) Dodd-Frank
15 91 (10.79%) FIX Protocol
16 90 (10.68%) Stakeholder Management
17 89 (10.56%) Project Management
18 88 (10.44%) Change Management
18 88 (10.44%) Asset Management
19 83 (9.85%) Investment Management
20 76 (9.02%) QA
21 74 (8.78%) User Acceptance Testing
22 73 (8.66%) .NET
23 69 (8.19%) C#
24 68 (8.07%) Unix
25 65 (7.71%) Electronic Trading
26 62 (7.35%) Risk Management
26 62 (7.35%) SDLC
27 56 (6.64%) Test Automation
28 53 (6.29%) Back Office

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 13 (1.54%) IIS
1 13 (1.54%) SharePoint
2 10 (1.19%) WebSphere
3 9 (1.07%) Tomcat
4 7 (0.83%) Confluence
5 6 (0.71%) Apache
5 6 (0.71%) WildFly
6 5 (0.59%) MQSeries
7 4 (0.47%) Apache Spark
8 2 (0.24%) Oracle Workflow
9 1 (0.12%) WebLogic
Applications
1 32 (3.80%) Microsoft Excel
2 23 (2.73%) Microsoft PowerPoint
3 19 (2.25%) Microsoft Office
4 18 (2.14%) MS Visio
5 11 (1.30%) Microsoft Project
6 5 (0.59%) Spreadsheet
Business Applications
1 14 (1.66%) Markit EDM
2 12 (1.42%) ION MarketView
3 9 (1.07%) Bloomberg TOMS
4 7 (0.83%) Sentinel
4 7 (0.83%) Summit
4 7 (0.83%) SunGard GMI
5 6 (0.71%) IntelliMatch
6 4 (0.47%) Minerva
7 2 (0.24%) Eagle PACE
7 2 (0.24%) Endur
7 2 (0.24%) Temenos T24
7 2 (0.24%) thinkFolio
8 1 (0.12%) RMDS
8 1 (0.12%) SimCorp Dimension
Cloud Services
1 1 (0.12%) Google Cloud Platform
1 1 (0.12%) SaaS
Communications & Networking
1 17 (2.02%) FIX Connectivity
2 16 (1.90%) TCP/IP
3 8 (0.95%) LAN
4 7 (0.83%) WAN
5 4 (0.47%) PPP
6 2 (0.24%) Intranet
6 2 (0.24%) Remote Desktop
6 2 (0.24%) VoIP
7 1 (0.12%) DSL
7 1 (0.12%) Firewall
Database & Business Intelligence
1 49 (5.81%) SQL Server
2 39 (4.63%) Blockchain
3 20 (2.37%) Big Data
3 20 (2.37%) Data Warehouse
4 16 (1.90%) Relational Database
5 14 (1.66%) SQL Server Integration Services
5 14 (1.66%) SQL Server Reporting Services
6 10 (1.19%) DB2
6 10 (1.19%) KDB
7 9 (1.07%) Hadoop
8 8 (0.95%) Oracle Database
9 7 (0.83%) Kdb+
9 7 (0.83%) MariaDB
9 7 (0.83%) NoSQL
10 6 (0.71%) HBase
11 5 (0.59%) SQL Server 2014
12 4 (0.47%) Data Lake
12 4 (0.47%) MongoDB
13 3 (0.36%) Oracle Database 11g
13 3 (0.36%) SQL Server Analysis Services
Development Applications
1 35 (4.15%) JIRA
2 16 (1.90%) Jenkins
3 12 (1.42%) Cucumber
3 12 (1.42%) Team Foundation Server
4 10 (1.19%) Git (software)
5 9 (1.07%) JUnit
5 9 (1.07%) Maven
6 8 (0.95%) Visual Studio
7 7 (0.83%) Selenium
7 7 (0.83%) TeamCity
8 6 (0.71%) Ant
8 6 (0.71%) Hudson
9 5 (0.59%) MSTest
10 4 (0.47%) FitNesse
10 4 (0.47%) Gradle
10 4 (0.47%) JBehave
11 2 (0.24%) HP UFT
11 2 (0.24%) Subversion
12 1 (0.12%) NUnit
12 1 (0.12%) TestNG
General
1 449 (53.26%) Finance
2 352 (41.76%) Banking
3 245 (29.06%) Front Office
4 179 (21.23%) Investment Banking
5 53 (6.29%) Back Office
6 52 (6.17%) Financial Institution
7 25 (2.97%) Legal
8 14 (1.66%) Private Banking
9 9 (1.07%) French Language
9 9 (1.07%) Retail Banking
10 8 (0.95%) Corporate Banking
11 4 (0.47%) International Banking
11 4 (0.47%) Marketing
12 3 (0.36%) Retail
13 2 (0.24%) Advertising
13 2 (0.24%) Electronics
13 2 (0.24%) Manufacturing
13 2 (0.24%) Telecoms
14 1 (0.12%) Law
14 1 (0.12%) Wholesale Banking
Job Titles
1 370 (43.89%) Analyst
2 276 (32.74%) Business Analyst
3 216 (25.62%) Developer
4 134 (15.90%) MiFID Business Analyst
5 100 (11.86%) Project Manager
6 89 (10.56%) Java Developer
7 48 (5.69%) Senior Developer
8 45 (5.34%) C# Developer
8 45 (5.34%) Test Analyst
9 41 (4.86%) SQL Developer
10 40 (4.74%) Regulatory Business Analyst
11 36 (4.27%) Banking Analyst
12 35 (4.15%) MiFID Project Manager
13 32 (3.80%) Senior Analyst
14 29 (3.44%) Project Analyst
15 24 (2.85%) Architect
15 24 (2.85%) Financial Analyst
15 24 (2.85%) Test Manager
16 22 (2.61%) .NET Developer
16 22 (2.61%) Tester
Libraries, Frameworks & Software Standards
1 91 (10.79%) FIX Protocol
2 73 (8.66%) .NET
3 53 (6.29%) XML
4 28 (3.32%) FpML
5 26 (3.08%) Spring
5 26 (3.08%) Web Services
6 25 (2.97%) Middleware
7 24 (2.85%) Kafka
8 20 (2.37%) JSON
9 19 (2.25%) HTML
10 17 (2.02%) RabbitMQ
10 17 (2.02%) SOAP
11 14 (1.66%) Entity Framework
11 14 (1.66%) HTML5
11 14 (1.66%) WPF
12 13 (1.54%) JMS
13 12 (1.42%) Hibernate
13 12 (1.42%) REST
14 11 (1.30%) WCF
14 11 (1.30%) WinForms
Miscellaneous
1 171 (20.28%) Derivative
2 150 (17.79%) Equities
3 143 (16.96%) Fixed Income
4 136 (16.13%) Foreign Exchange (FX)
5 51 (6.05%) Analytical Skills
5 51 (6.05%) OTC Derivatives
6 45 (5.34%) Fintech
7 33 (3.91%) Reference Data
8 25 (2.97%) Market Risk
9 19 (2.25%) Greenfield Project
9 19 (2.25%) Management Information System
10 18 (2.14%) Equity Derivative
11 15 (1.78%) Data Structures
12 13 (1.54%) PMI
13 11 (1.30%) Hedge funds
14 10 (1.19%) Computer Science
15 9 (1.07%) Interest Rate Derivative
16 8 (0.95%) Swaptions
17 7 (0.83%) SWIFT
18 6 (0.71%) Exotic Derivative
Operating Systems
1 68 (8.07%) Unix
2 52 (6.17%) Linux
3 30 (3.56%) Windows
4 4 (0.47%) Windows Server
5 1 (0.12%) Red Hat Enterprise Linux
5 1 (0.12%) Solaris
Processes & Methodologies
1 170 (20.17%) Agile Software Development
2 140 (16.61%) Business Analysis
3 90 (10.68%) Stakeholder Management
4 89 (10.56%) Project Management
5 88 (10.44%) Asset Management
5 88 (10.44%) Change Management
6 83 (9.85%) Investment Management
7 74 (8.78%) User Acceptance Testing
8 65 (7.71%) Electronic Trading
9 62 (7.35%) Risk Management
9 62 (7.35%) SDLC
10 56 (6.64%) Test Automation
11 49 (5.81%) TDD
12 45 (5.34%) Scrum
13 41 (4.86%) Multithreading
13 41 (4.86%) Wealth Management
14 36 (4.27%) Data Modelling
15 34 (4.03%) Low Latency
15 34 (4.03%) PRINCE2
16 33 (3.91%) Test Strategy
Programming Languages
1 162 (19.22%) SQL
2 144 (17.08%) Java
3 69 (8.19%) C#
4 52 (6.17%) Python
5 39 (4.63%) T-SQL
6 34 (4.03%) C++
7 23 (2.73%) JavaScript
8 20 (2.37%) Perl
9 15 (1.78%) Ruby
9 15 (1.78%) Shell Script
10 13 (1.54%) Scala
11 10 (1.19%) C
12 8 (0.95%) PL/SQL
12 8 (0.95%) VBA
13 4 (0.47%) PowerShell
13 4 (0.47%) Tcl
14 3 (0.36%) Bash Shell
15 2 (0.24%) VB
16 1 (0.12%) PHP
16 1 (0.12%) XQuery
Qualifications
1 25 (2.97%) Degree
2 18 (2.14%) PMI Certification
3 16 (1.90%) PMP
4 9 (1.07%) ISEB
5 6 (0.71%) PRINCE2 Certification
6 4 (0.47%) APMP
6 4 (0.47%) Computer Science Degree
6 4 (0.47%) PRINCE2 Practitioner
7 3 (0.36%) IIBA
7 3 (0.36%) ISTQB
8 2 (0.24%) ISEB Practitioner
8 2 (0.24%) Master's Degree
8 2 (0.24%) Numerate Degree
9 1 (0.12%) CBAP
9 1 (0.12%) CFA
Quality Assurance & Compliance
1 190 (22.54%) EMIR
2 95 (11.27%) Dodd-Frank
3 76 (9.02%) QA
4 30 (3.56%) PMO
5 29 (3.44%) GDPR
6 19 (2.25%) FATCA
7 17 (2.02%) AIFMD
8 14 (1.66%) Solvency II
9 10 (1.19%) Data Quality
10 7 (0.83%) IFRS
10 7 (0.83%) Sarbanes-Oxley
11 5 (0.59%) UCITS
12 3 (0.36%) PSD2
13 2 (0.24%) Basel II
14 1 (0.12%) IFRS 9
System Software
1 2 (0.24%) Active Directory
1 2 (0.24%) Virtual Machines
2 1 (0.12%) Apache ZooKeeper
2 1 (0.12%) HDFS
Systems Management
1 12 (1.42%) HP Quality Center
2 4 (0.47%) Control-M
3 1 (0.12%) Ansible
3 1 (0.12%) Thomson Reuters DACS
Vendors
1 41 (4.86%) Microsoft
2 38 (4.51%) Bloomberg
3 32 (3.80%) Oracle
4 22 (2.61%) Murex
5 21 (2.49%) ION Trading
6 20 (2.37%) Fidessa
7 17 (2.02%) Charles River
7 17 (2.02%) TIBCO
8 15 (1.78%) Sybase
9 12 (1.42%) Reuters
9 12 (1.42%) Solace
10 7 (0.83%) CQG
10 7 (0.83%) FIS
10 7 (0.83%) SunGard
11 6 (0.71%) Informatica
12 5 (0.59%) Calypso
12 5 (0.59%) Tradeweb
13 4 (0.47%) Citrix
13 4 (0.47%) Fiserv
13 4 (0.47%) Perforce