Period
to 22 July 2018

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 22 July 2018 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
22 Jul 2018
Same period 2017 Same period 2016
Rank 659 253 610
Rank change year-on-year -406 +357 +115
Contract jobs citing MiFID 213 886 269
As % of all contract IT jobs advertised in England 0.23% 1.00% 0.26%
As % of the Quality Assurance & Compliance category 1.90% 8.57% 2.38%
Number of daily rates quoted 157 655 182
England median daily rate £600 £575 £550
Median daily rate % change year-on-year +4.35% +4.55% -12.00%
10th Percentile £425 £425 £334
90th Percentile £768 £725 £700
UK median daily rate £600 £575 £550
% change year-on-year +4.35% +4.55% -12.00%
Number of hourly rates quoted 0 0 0
England median hourly rate - - -
UK 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 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 11,200 10,337 11,293
As % of all contract IT jobs advertised in England 11.88% 11.70% 11.11%
Number of daily rates quoted 7,197 6,746 7,364
England median daily rate £450 £450 £415
Median daily rate % change year-on-year - +8.43% +3.75%
10th Percentile £263 £256 £228
90th Percentile £638 £638 £600
UK median daily rate £450 £438 £410
% change year-on-year +2.86% +6.71% +2.50%
Number of hourly rates quoted 354 336 383
England median hourly rate £25.00 £19.00 £22.50
Median hourly rate % change year-on-year +31.58% -15.56% +4.65%
10th Percentile £11.50 £10.75 £11.25
90th Percentile £53.75 £52.00 £48.75
UK median hourly rate £23.50 £20.00 £22.00
% change year-on-year +17.50% -9.09% +2.09%

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 22 July 2018.

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 22 July 2018. 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 -302 207 £600 +4.35% 19
South East -26 4 £650 +15.56%
Midlands -8 1 £160 -
North West -21 1 £342 -8.80%
West Midlands -25 1 £160 -
North of England -26 1 £342 -8.80%
MiFID
UK

For the 6 months to 22 July 2018, 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.

1 129 (60.56%) Banking
2 77 (36.15%) Finance
3 69 (32.39%) Investment Banking
4 67 (31.46%) EMIR
5 53 (24.88%) Agile Software Development
6 52 (24.41%) SQL
7 49 (23.00%) Dodd-Frank
8 44 (20.66%) Front Office
9 42 (19.72%) Foreign Exchange (FX)
10 35 (16.43%) Equities
11 34 (15.96%) Business Analysis
12 30 (14.08%) Derivative
13 29 (13.62%) Stakeholder Management
14 27 (12.68%) Linux
15 26 (12.21%) Fixed Income
16 24 (11.27%) QA
16 24 (11.27%) Asset Management
17 21 (9.86%) Java
17 21 (9.86%) .NET
17 21 (9.86%) Oracle
18 20 (9.39%) C#
18 20 (9.39%) JIRA
19 19 (8.92%) Unix
19 19 (8.92%) Wealth Management
19 19 (8.92%) Investment Management
19 19 (8.92%) Jenkins
20 18 (8.45%) Git (software)
20 18 (8.45%) Python
20 18 (8.45%) Project Management
21 17 (7.98%) Scrum

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 14 (6.57%) Confluence
2 12 (5.63%) Apache
2 12 (5.63%) Elasticsearch
3 9 (4.23%) WordPress
4 2 (0.94%) nginx
4 2 (0.94%) WebSphere
5 1 (0.47%) Apache Spark
5 1 (0.47%) CMS
5 1 (0.47%) SharePoint
Applications
1 7 (3.29%) Microsoft Excel
2 4 (1.88%) Microsoft Project
3 3 (1.41%) Microsoft PowerPoint
3 3 (1.41%) MS Visio
4 1 (0.47%) Microsoft Office
Business Applications
1 2 (0.94%) Orchestrade
2 1 (0.47%) IntelliMatch
2 1 (0.47%) ION MarketView
2 1 (0.47%) Kondor
2 1 (0.47%) Markit EDM
2 1 (0.47%) Summit
Cloud Services
1 2 (0.94%) Amazon AWS
1 2 (0.94%) Amazon CloudWatch
1 2 (0.94%) Amazon EC2
1 2 (0.94%) AWS CloudTrail
Communications & Networking
1 3 (1.41%) FIX Connectivity
2 1 (0.47%) DSL
2 1 (0.47%) Remote Desktop
Database & Business Intelligence
1 14 (6.57%) SQL Server
2 11 (5.16%) Data Warehouse
2 11 (5.16%) PostgreSQL
2 11 (5.16%) SQL Server Integration Services
2 11 (5.16%) SQL Server Reporting Services
3 8 (3.76%) Blockchain
3 8 (3.76%) Relational Database
4 7 (3.29%) Big Data
4 7 (3.29%) DB2
5 6 (2.82%) Oracle Database
5 6 (2.82%) Oracle Database 11g
6 2 (0.94%) Crystal Reports
6 2 (0.94%) Hadoop
6 2 (0.94%) MS Access
6 2 (0.94%) NoSQL
6 2 (0.94%) SQL Server 2008
7 1 (0.47%) Apache Cassandra
7 1 (0.47%) Apache Hive
7 1 (0.47%) Data Mining
7 1 (0.47%) MongoDB
Development Applications
1 20 (9.39%) JIRA
2 19 (8.92%) Jenkins
3 18 (8.45%) Git (software)
4 11 (5.16%) gulp
4 11 (5.16%) PhpStorm
4 11 (5.16%) Sonatype Nexus
5 7 (3.29%) Ant
5 7 (3.29%) Gradle
5 7 (3.29%) Hudson
5 7 (3.29%) Maven
6 4 (1.88%) Cucumber
6 4 (1.88%) Selenium
7 2 (0.94%) Concordion
7 2 (0.94%) JBehave
7 2 (0.94%) PHPUnit
8 1 (0.47%) CppUnit
8 1 (0.47%) SoapUI
8 1 (0.47%) TestComplete
8 1 (0.47%) TestNG
8 1 (0.47%) WebDriver
General
1 129 (60.56%) Banking
2 77 (36.15%) Finance
3 69 (32.39%) Investment Banking
4 44 (20.66%) Front Office
5 15 (7.04%) Back Office
6 13 (6.10%) Legal
7 10 (4.69%) Financial Institution
8 7 (3.29%) Private Banking
8 7 (3.29%) Retail
9 3 (1.41%) Advertising
10 1 (0.47%) General Ledger
10 1 (0.47%) Retail Banking
10 1 (0.47%) Spanish Language
Job Titles
1 97 (45.54%) Analyst
2 81 (38.03%) Business Analyst
3 58 (27.23%) Developer
4 28 (13.15%) Project Manager
5 20 (9.39%) Banking Analyst
6 16 (7.51%) MiFID Business Analyst
7 15 (7.04%) Project Analyst
8 13 (6.10%) Banking Business Analyst
8 13 (6.10%) Business Manager
9 11 (5.16%) Business Project Manager
9 11 (5.16%) FX Business Analyst
9 11 (5.16%) Java Developer
9 11 (5.16%) Senior Developer
10 9 (4.23%) MiFID Project Manager
10 9 (4.23%) SQL Developer
11 8 (3.76%) IT Business Analyst
11 8 (3.76%) Oracle Developer
11 8 (3.76%) Quantitative Developer
11 8 (3.76%) Senior Java Developer
11 8 (3.76%) Web Developer
Libraries, Frameworks & Software Standards
1 21 (9.86%) .NET
2 17 (7.98%) FIX Protocol
3 12 (5.63%) CSS
3 12 (5.63%) XML
4 11 (5.16%) LAPP Stack
5 9 (4.23%) jQuery
5 9 (4.23%) Kendo UI
5 9 (4.23%) Twitter Bootstrap
6 8 (3.76%) JSON
6 8 (3.76%) Spring
7 7 (3.29%) Protocol Buffers
7 7 (3.29%) SOAP
8 5 (2.35%) FpML
9 4 (1.88%) AngularJS
10 3 (1.41%) HTML
11 2 (0.94%) Flash
11 2 (0.94%) WCF
11 2 (0.94%) WebSphere MQ
11 2 (0.94%) WPF
11 2 (0.94%) Zend Framework
Miscellaneous
1 42 (19.72%) Foreign Exchange (FX)
2 35 (16.43%) Equities
3 30 (14.08%) Derivative
4 26 (12.21%) Fixed Income
5 14 (6.57%) Analytical Skills
6 10 (4.69%) Fintech
7 9 (4.23%) OTC Derivatives
8 7 (3.29%) Equity Derivative
9 6 (2.82%) Hedge funds
10 5 (2.35%) Credit Derivative
10 5 (2.35%) Field-Programmable Gate Array
11 3 (1.41%) Management Information System
11 3 (1.41%) Reference Data
11 3 (1.41%) Self-Motivation
12 2 (0.94%) Algorithms
12 2 (0.94%) Greenfield Project
12 2 (0.94%) Grid Computing
13 1 (0.47%) Computer Science
13 1 (0.47%) Robotics
13 1 (0.47%) Taxonomies
Operating Systems
1 27 (12.68%) Linux
2 19 (8.92%) Unix
3 12 (5.63%) Windows
4 2 (0.94%) CentOS
4 2 (0.94%) Debian
4 2 (0.94%) Red Hat Enterprise Linux
4 2 (0.94%) Ubuntu
5 1 (0.47%) Windows Server
Processes & Methodologies
1 53 (24.88%) Agile Software Development
2 34 (15.96%) Business Analysis
3 29 (13.62%) Stakeholder Management
4 24 (11.27%) Asset Management
5 19 (8.92%) Investment Management
5 19 (8.92%) Wealth Management
6 18 (8.45%) Project Management
7 17 (7.98%) Continuous Integration
7 17 (7.98%) Scrum
8 16 (7.51%) Change Management
8 16 (7.51%) Electronic Trading
9 15 (7.04%) Data Mapping
9 15 (7.04%) OO
10 14 (6.57%) E-Commerce
10 14 (6.57%) Low Latency
11 11 (5.16%) Data Analysis
11 11 (5.16%) Microservices
11 11 (5.16%) Workflow
12 10 (4.69%) Enterprise Architecture
12 10 (4.69%) Test Automation
Programming Languages
1 52 (24.41%) SQL
2 21 (9.86%) Java
3 20 (9.39%) C#
4 18 (8.45%) Python
5 13 (6.10%) C++
6 12 (5.63%) JavaScript
7 11 (5.16%) PHP
7 11 (5.16%) T-SQL
8 10 (4.69%) VB.NET
9 9 (4.23%) Shell Script
10 8 (3.76%) PL/SQL
11 7 (3.29%) C
12 4 (1.88%) Perl
12 4 (1.88%) PowerShell
13 3 (1.41%) Bash Shell
13 3 (1.41%) Scala
13 3 (1.41%) VBA
14 2 (0.94%) PHP 5
14 2 (0.94%) PHP 7
14 2 (0.94%) Tcl
Qualifications
1 6 (2.82%) Degree
2 4 (1.88%) CISA
2 4 (1.88%) CISSP
2 4 (1.88%) ISEB
3 3 (1.41%) (ISC)2 CCSP
3 3 (1.41%) Cisco Certification
3 3 (1.41%) CompTIA Security+
4 2 (0.94%) ISTQB
4 2 (0.94%) PhD
5 1 (0.47%) CCSP
5 1 (0.47%) CISM
5 1 (0.47%) Computer Science Degree
5 1 (0.47%) Novell Certification
5 1 (0.47%) Numerate Degree
5 1 (0.47%) Six Sigma Black Belt
5 1 (0.47%) Six Sigma Green Belt
Quality Assurance & Compliance
1 67 (31.46%) EMIR
2 49 (23.00%) Dodd-Frank
3 24 (11.27%) QA
4 16 (7.51%) GDPR
5 9 (4.23%) AIFMD
6 3 (1.41%) Solvency II
7 1 (0.47%) Basel III
7 1 (0.47%) Data Quality
7 1 (0.47%) FATCA
7 1 (0.47%) ISO/IEC 27001
7 1 (0.47%) PMO
System Software
1 11 (5.16%) Docker
2 1 (0.47%) Active Directory
2 1 (0.47%) HDFS
Systems Management
1 11 (5.16%) Ansible
2 1 (0.47%) ITRS Geneos
Vendors
1 21 (9.86%) Oracle
2 12 (5.63%) Microsoft
3 7 (3.29%) Perforce
4 6 (2.82%) RedGate
5 5 (2.35%) ION Trading
5 5 (2.35%) Murex
6 3 (1.41%) Bloomberg
6 3 (1.41%) Fidessa
7 2 (0.94%) Capita
7 2 (0.94%) Zend
8 1 (0.47%) Avaloq
8 1 (0.47%) Currenex
8 1 (0.47%) FXall
8 1 (0.47%) GoldenSource
8 1 (0.47%) IBM
8 1 (0.47%) Planview
8 1 (0.47%) Reuters
8 1 (0.47%) Tableau
8 1 (0.47%) Wallstreet Suite