Period
to 8 April 2020

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 8 April 2020 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
8 Apr 2020
Same period 2019 Same period 2018
Rank 630 749 538
Rank change year-on-year +119 -211 -215
Contract jobs citing MiFID 38 105 353
As % of all contract jobs advertised in England 0.069% 0.12% 0.38%
As % of the Quality Assurance & Compliance category 0.69% 1.11% 3.00%
Number of daily rates quoted 27 77 259
Median daily rate £550 £575 £600
Median daily rate % change year-on-year -4.35% -4.17% +4.35%
10th Percentile £473 £470 £390
90th Percentile £675 £675 £776
UK median daily rate £550 £573 £600
% change year-on-year -3.93% -4.58% +4.35%
Number of hourly rates quoted 0 0 0
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 5,519 9,490 11,765
As % of all contract IT jobs advertised in England 10.06% 10.71% 12.60%
Number of daily rates quoted 3,370 5,985 7,571
Median daily rate £450 £450 £450
10th Percentile £235 £250 £263
90th Percentile £643 £650 £638
UK median daily rate £450 £450 £450
Number of hourly rates quoted 256 311 328
Median hourly rate £25.68 £21.76 £21.90
Median hourly rate % change year-on-year +18.01% -0.64% +6.83%
10th Percentile £13.45 £10.75 £12.25
90th Percentile £53.00 £50.00 £57.50
Median hourly rate £24.88 £21.76 £22.50
% change year-on-year +14.35% -3.29% +4.65%

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 8 April 2020.

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 8 April 2020. 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 +69 35 £558 -3.04% 4
East Midlands - 3 £525 -
Midlands - 3 £525 -
MiFID
UK

For the 6 months to 8 April 2020, 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 19 (50.00%) Finance
2 14 (36.84%) Banking
3 13 (34.21%) SQL
4 12 (31.58%) Agile Software Development
4 12 (31.58%) EMIR
5 11 (28.95%) SQL Server
6 10 (26.32%) JIRA
7 9 (23.68%) Front Office
8 7 (18.42%) Java
8 7 (18.42%) OO
8 7 (18.42%) DevOps
9 6 (15.79%) Dodd-Frank
9 6 (15.79%) Problem-Solving
9 6 (15.79%) Investment Banking
9 6 (15.79%) Business Analysis
9 6 (15.79%) Continuous Integration
9 6 (15.79%) Python
9 6 (15.79%) Scrum
10 5 (13.16%) Foreign Exchange (FX)
10 5 (13.16%) Kanban
10 5 (13.16%) TDD
10 5 (13.16%) Equities
10 5 (13.16%) Microservices
11 4 (10.53%) Functional Programming
11 4 (10.53%) Analytical Skills
11 4 (10.53%) Spark SQL
11 4 (10.53%) SDLC
11 4 (10.53%) Acceptance Criteria
11 4 (10.53%) User Stories
11 4 (10.53%) Test Strategy

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 4 (10.53%) Confluence
Applications
1 2 (5.26%) Microsoft Excel
Communications & Networking
1 2 (5.26%) NAS
1 2 (5.26%) SAN
2 1 (2.63%) FIX Connectivity
2 1 (2.63%) HTTP
2 1 (2.63%) LAN
2 1 (2.63%) TCP/IP
2 1 (2.63%) WAN
Database & Business Intelligence
1 11 (28.95%) SQL Server
2 4 (10.53%) Spark SQL
3 3 (7.89%) Big Data
3 3 (7.89%) Relational Database
4 2 (5.26%) RDBMS
4 2 (5.26%) SQL Server Integration Services
4 2 (5.26%) SQL Server Reporting Services
Development Applications
1 10 (26.32%) JIRA
2 4 (10.53%) TeamCity
3 2 (5.26%) Octopus Deploy
3 2 (5.26%) SpecFlow
4 1 (2.63%) Ant
General
1 19 (50.00%) Finance
2 14 (36.84%) Banking
3 9 (23.68%) Front Office
4 6 (15.79%) Investment Banking
5 3 (7.89%) Back Office
6 2 (5.26%) Private Banking
7 1 (2.63%) Financial Institution
7 1 (2.63%) Legal
Job Titles
1 15 (39.47%) Developer
2 14 (36.84%) Analyst
3 9 (23.68%) Business Analyst
4 7 (18.42%) Java Developer
4 7 (18.42%) SQL Developer
5 4 (10.53%) Apache Spark Developer
5 4 (10.53%) Python Developer
6 3 (7.89%) .NET Developer
6 3 (7.89%) Project Manager
7 2 (5.26%) C# .NET Developer
7 2 (5.26%) C# Developer
7 2 (5.26%) Data Analyst
7 2 (5.26%) Data Business Analyst
7 2 (5.26%) FIX Analyst
7 2 (5.26%) MiFID Business Analyst
7 2 (5.26%) NOC Engineer
7 2 (5.26%) SSIS Developer
7 2 (5.26%) Voice Engineer
7 2 (5.26%) Voice Recording Engineer
8 1 (2.63%) Business Data Analyst
Libraries, Frameworks & Software Standards
1 4 (10.53%) .NET
1 4 (10.53%) AngularJS
1 4 (10.53%) REST
1 4 (10.53%) XML
2 3 (7.89%) .NET Framework
2 3 (7.89%) Entity Framework
2 3 (7.89%) Kafka
2 3 (7.89%) KnockoutJS
2 3 (7.89%) Web Services
3 2 (5.26%) ASP.NET
3 2 (5.26%) FIX Protocol
3 2 (5.26%) FpML
3 2 (5.26%) jQuery
3 2 (5.26%) JSON
3 2 (5.26%) WCF
3 2 (5.26%) WPF
4 1 (2.63%) HTML
4 1 (2.63%) JDBC
4 1 (2.63%) Swing
4 1 (2.63%) Velocity
Miscellaneous
1 5 (13.16%) Equities
1 5 (13.16%) Foreign Exchange (FX)
2 4 (10.53%) Analytical Skills
2 4 (10.53%) Fixed Income
3 2 (5.26%) Client/Server
3 2 (5.26%) Derivative
3 2 (5.26%) Hedge funds
4 1 (2.63%) Data Centre
4 1 (2.63%) Data Structures
4 1 (2.63%) Enterprise Software
4 1 (2.63%) Greenfield Project
4 1 (2.63%) OTC Derivatives
4 1 (2.63%) SWIFT
Operating Systems
1 2 (5.26%) Linux
1 2 (5.26%) Unix
1 2 (5.26%) Windows
Processes & Methodologies
1 12 (31.58%) Agile Software Development
2 7 (18.42%) DevOps
2 7 (18.42%) OO
3 6 (15.79%) Business Analysis
3 6 (15.79%) Continuous Integration
3 6 (15.79%) Problem-Solving
3 6 (15.79%) Scrum
4 5 (13.16%) Kanban
4 5 (13.16%) Microservices
4 5 (13.16%) TDD
5 4 (10.53%) Acceptance Criteria
5 4 (10.53%) Change Management
5 4 (10.53%) Data Analysis
5 4 (10.53%) Functional Programming
5 4 (10.53%) SDLC
5 4 (10.53%) Software Engineering
5 4 (10.53%) Test Strategy
5 4 (10.53%) User Stories
6 3 (7.89%) Project Management
6 3 (7.89%) Web Development
Programming Languages
1 13 (34.21%) SQL
2 7 (18.42%) Java
3 6 (15.79%) Python
4 4 (10.53%) C#
4 4 (10.53%) JavaScript
5 3 (7.89%) Java 8
6 2 (5.26%) PL/SQL
7 1 (2.63%) R
Qualifications
1 2 (5.26%) Degree
2 1 (2.63%) CFA
2 1 (2.63%) ISEB
2 1 (2.63%) ISTQB Foundation Certification
2 1 (2.63%) PhD
2 1 (2.63%) PMI Certification
2 1 (2.63%) PMP
Quality Assurance & Compliance
1 12 (31.58%) EMIR
2 6 (15.79%) Dodd-Frank
3 4 (10.53%) QA
4 1 (2.63%) AIFMD
4 1 (2.63%) GDPR
4 1 (2.63%) SLA
4 1 (2.63%) UCITS
Systems Management
1 2 (5.26%) Cisco CUCM
2 1 (2.63%) Ansible
2 1 (2.63%) Opscode Chef
2 1 (2.63%) Puppet
Vendors
1 4 (10.53%) GoldenSource
1 4 (10.53%) Microsoft
1 4 (10.53%) Oracle
2 2 (5.26%) Cisco
2 2 (5.26%) DevExpress
2 2 (5.26%) Etrali
2 2 (5.26%) IBM
2 2 (5.26%) Sybase
2 2 (5.26%) Verint
3 1 (2.63%) Bloomberg
3 1 (2.63%) Progress