Period
to 19 July 2019

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 19 July 2019 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
19 Jul 2019
Same period 2018 Same period 2017
Rank 700 656 252
Rank change year-on-year -44 -404 +372
Contract jobs citing MiFID 112 213 882
As % of all contract IT jobs advertised in England 0.13% 0.23% 1.01%
As % of the Quality Assurance & Compliance category 1.28% 1.95% 8.55%
Number of daily rates quoted 88 156 651
England median daily rate £600 £600 £575
Median daily rate % change year-on-year - +4.35% +4.55%
10th Percentile £460 £425 £425
90th Percentile £700 £769 £725
UK median daily rate £600 £600 £575
% change year-on-year - +4.35% +4.55%
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 8,776 10,946 10,317
As % of all contract IT jobs advertised in England 10.33% 11.60% 11.76%
Number of daily rates quoted 5,500 7,012 6,737
England median daily rate £450 £450 £450
10th Percentile £246 £259 £258
90th Percentile £650 £638 £638
UK median daily rate £450 £450 £440
% change year-on-year - +2.27% +7.32%
Number of hourly rates quoted 368 354 334
England median hourly rate £22.63 £24.75 £19.00
Median hourly rate % change year-on-year -8.59% +30.26% -15.56%
10th Percentile £10.80 £11.53 £10.75
90th Percentile £53.75 £53.75 £52.20
UK median hourly rate £22.75 £23.25 £20.00
% change year-on-year -2.15% +16.25% -10.34%

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 19 July 2019.

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 19 July 2019. 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 -48 108 £600 - 11
North of England +28 4 £588 +71.78%
North West +13 4 £588 +71.78%
MiFID
UK

For the 6 months to 19 July 2019, 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 74 (66.07%) Finance
2 50 (44.64%) Banking
3 37 (33.04%) EMIR
4 36 (32.14%) Agile Software Development
5 30 (26.79%) SQL
6 21 (18.75%) Asset Management
7 20 (17.86%) Financial Institution
7 20 (17.86%) Dodd-Frank
8 18 (16.07%) Derivative
8 18 (16.07%) Investment Banking
9 17 (15.18%) Stakeholder Management
9 17 (15.18%) Business Analysis
10 15 (13.39%) Front Office
11 14 (12.50%) QA
11 14 (12.50%) Problem-Solving
12 13 (11.61%) Investment Management
12 13 (11.61%) Java
13 12 (10.71%) Foreign Exchange (FX)
13 12 (10.71%) Migration
13 12 (10.71%) Equities
13 12 (10.71%) Data Mapping
14 11 (9.82%) Data Warehouse
15 10 (8.93%) Data Analysis
15 10 (8.93%) SQL Server Reporting Services
15 10 (8.93%) TDD
15 10 (8.93%) JIRA
15 10 (8.93%) SQL Server Integration Services
16 9 (8.04%) Unix
16 9 (8.04%) Python
16 9 (8.04%) GDPR

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 (6.25%) Confluence
2 2 (1.79%) Apache Spark
2 2 (1.79%) Elasticsearch
2 2 (1.79%) Skype for Business
3 1 (0.89%) Apache
3 1 (0.89%) MS Project Server
Applications
1 5 (4.46%) Microsoft Office
1 5 (4.46%) Microsoft Project
2 4 (3.57%) Microsoft Excel
3 2 (1.79%) MS Visio
4 1 (0.89%) Microsoft PowerPoint
Business Applications
1 6 (5.36%) thinkFolio
2 3 (2.68%) Markit EDM
3 1 (0.89%) Global One
3 1 (0.89%) SunGard APT
Cloud Services
1 7 (6.25%) Office 365
2 4 (3.57%) Amazon AWS
3 1 (0.89%) Amazon CloudWatch
3 1 (0.89%) Amazon EC2
3 1 (0.89%) Amazon S3
Communications & Networking
1 8 (7.14%) Skype
2 4 (3.57%) Firewall
2 4 (3.57%) LAN
2 4 (3.57%) Unified Communications
2 4 (3.57%) WAN
3 2 (1.79%) BGP
3 2 (1.79%) Cisco Nexus
Database & Business Intelligence
1 11 (9.82%) Data Warehouse
2 10 (8.93%) SQL Server Integration Services
2 10 (8.93%) SQL Server Reporting Services
3 4 (3.57%) Relational Database
4 3 (2.68%) Big Data
4 3 (2.68%) SQL Server
5 2 (1.79%) KDB
5 2 (1.79%) MS Access
5 2 (1.79%) MySQL
5 2 (1.79%) RDBMS
6 1 (0.89%) Hadoop
Development Applications
1 10 (8.93%) JIRA
2 4 (3.57%) Git (software)
2 4 (3.57%) Jenkins
3 3 (2.68%) Cucumber
3 3 (2.68%) Maven
4 2 (1.79%) Subversion
5 1 (0.89%) Hudson
5 1 (0.89%) JUnit
5 1 (0.89%) TeamCity
General
1 74 (66.07%) Finance
2 50 (44.64%) Banking
3 20 (17.86%) Financial Institution
4 18 (16.07%) Investment Banking
5 15 (13.39%) Front Office
6 4 (3.57%) Back Office
6 4 (3.57%) Legal
7 2 (1.79%) Advertising
7 2 (1.79%) Private Banking
7 2 (1.79%) Telecoms
8 1 (0.89%) Prime Brokerage
8 1 (0.89%) Retail
Job Titles
1 43 (38.39%) Analyst
2 30 (26.79%) Business Analyst
3 25 (22.32%) Developer
4 11 (9.82%) Project Manager
4 11 (9.82%) Regulatory Business Analyst
5 9 (8.04%) Java Developer
6 8 (7.14%) MiFID Business Analyst
7 7 (6.25%) Report Analyst
8 6 (5.36%) Consultant
8 6 (5.36%) Programmer
8 6 (5.36%) Report Developer
9 5 (4.46%) Angular Developer
9 5 (4.46%) C# Developer
9 5 (4.46%) Data Analyst
9 5 (4.46%) Financial Analyst
9 5 (4.46%) React Developer
10 4 (3.57%) Business Intelligence Developer
10 4 (3.57%) Design Engineer
10 4 (3.57%) Management Consultant
10 4 (3.57%) SQL Developer
Libraries, Frameworks & Software Standards
1 8 (7.14%) FIX Protocol
2 7 (6.25%) AngularJS
2 7 (6.25%) XML
3 6 (5.36%) React
3 6 (5.36%) Spring
4 4 (3.57%) SOAP
5 3 (2.68%) Hibernate
5 3 (2.68%) HTML
5 3 (2.68%) Web Services
6 2 (1.79%) .NET
6 2 (1.79%) Apache Camel
6 2 (1.79%) CSS
6 2 (1.79%) J2EE
6 2 (1.79%) JMS
6 2 (1.79%) Middleware
6 2 (1.79%) REST
6 2 (1.79%) RESTful
6 2 (1.79%) Spring Integration
6 2 (1.79%) XML Messaging
7 1 (0.89%) ASP.NET
Miscellaneous
1 18 (16.07%) Derivative
2 12 (10.71%) Equities
2 12 (10.71%) Foreign Exchange (FX)
3 8 (7.14%) Analytical Skills
3 8 (7.14%) ASIC
3 8 (7.14%) Greenfield Project
3 8 (7.14%) Hedge funds
3 8 (7.14%) OTC Derivatives
4 5 (4.46%) Equity Derivative
5 4 (3.57%) Reference Data
6 3 (2.68%) User Experience
7 2 (1.79%) BYOD
7 2 (1.79%) Data Centre
7 2 (1.79%) Fixed Income
7 2 (1.79%) Interest Rate Derivative
7 2 (1.79%) SWIFT
7 2 (1.79%) Tandem
7 2 (1.79%) Video Conferencing
8 1 (0.89%) Algorithms
8 1 (0.89%) Data Structures
Operating Systems
1 9 (8.04%) Unix
2 5 (4.46%) Windows
3 1 (0.89%) Linux
Processes & Methodologies
1 36 (32.14%) Agile Software Development
2 21 (18.75%) Asset Management
3 17 (15.18%) Business Analysis
3 17 (15.18%) Stakeholder Management
4 14 (12.50%) Problem-Solving
5 13 (11.61%) Investment Management
6 12 (10.71%) Data Mapping
6 12 (10.71%) Migration
7 10 (8.93%) Data Analysis
7 10 (8.93%) TDD
8 8 (7.14%) Data Management
8 8 (7.14%) Scrum
8 8 (7.14%) User Acceptance Testing
9 7 (6.25%) Electronic Trading
9 7 (6.25%) Project Management
9 7 (6.25%) User Stories
10 6 (5.36%) Algorithmic Trading
10 6 (5.36%) Data Development
10 6 (5.36%) GAP Analysis
10 6 (5.36%) Risk Management
Programming Languages
1 30 (26.79%) SQL
2 13 (11.61%) Java
3 9 (8.04%) Python
4 6 (5.36%) Perl
5 5 (4.46%) C#
5 5 (4.46%) VBA
6 4 (3.57%) Java 8
7 3 (2.68%) AWK
7 3 (2.68%) C-shell
7 3 (2.68%) Scala
8 2 (1.79%) JavaScript
9 1 (0.89%) Bash Shell
9 1 (0.89%) PL/SQL
9 1 (0.89%) PowerShell
9 1 (0.89%) VB.NET
Qualifications
1 4 (3.57%) Degree
2 3 (2.68%) HNC
2 3 (2.68%) HND
3 1 (0.89%) AWS Certification
Quality Assurance & Compliance
1 37 (33.04%) EMIR
2 20 (17.86%) Dodd-Frank
3 14 (12.50%) QA
4 9 (8.04%) GDPR
5 8 (7.14%) AIFMD
6 4 (3.57%) UCITS
7 3 (2.68%) Basel III
7 3 (2.68%) FATCA
7 3 (2.68%) ISO 20022
8 1 (0.89%) Sarbanes-Oxley
8 1 (0.89%) SEPA
8 1 (0.89%) TARGET2
Systems Management
1 1 (0.89%) Ansible
1 1 (0.89%) Puppet
Vendors
1 8 (7.14%) Microsoft
2 7 (6.25%) Avaya
2 7 (6.25%) Red Box
2 7 (6.25%) Verint
3 6 (5.36%) BT
3 6 (5.36%) Speakerbus
4 4 (3.57%) Bloomberg
4 4 (3.57%) CheckPoint
5 3 (2.68%) GoldenSource
5 3 (2.68%) Murex
5 3 (2.68%) Oracle
6 2 (1.79%) Cisco
6 2 (1.79%) Google
6 2 (1.79%) ION Trading
6 2 (1.79%) MuleSoft
6 2 (1.79%) Palo Alto
6 2 (1.79%) Tradeweb
7 1 (0.89%) ServiceNow
7 1 (0.89%) Splunk
7 1 (0.89%) Tableau