Period
to 23 September 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 23 September 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
23 Sep 2018
Same period 2017 Same period 2016
Rank 705 260 589
Rank change year-on-year -445 +329 +82
Contract jobs citing MiFID 150 892 301
As % of all contract IT jobs advertised in England 0.16% 0.99% 0.30%
As % of the Quality Assurance & Compliance category 1.48% 8.21% 2.69%
Number of daily rates quoted 113 660 211
England median daily rate £588 £569 £575
Median daily rate % change year-on-year +3.30% -1.09% -4.17%
10th Percentile £450 £413 £375
90th Percentile £750 £725 £719
UK median daily rate £575 £550 £575
% change year-on-year +4.55% -4.35% -4.17%
Number of hourly rates quoted 0 1 0
England median hourly rate - £25.50 -
UK median hourly rate - £25.50 -

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 10,103 10,860 11,187
As % of all contract IT jobs advertised in England 10.93% 12.06% 11.24%
Number of daily rates quoted 6,493 7,164 7,317
England median daily rate £450 £450 £425
Median daily rate % change year-on-year - +5.88% +3.66%
10th Percentile £260 £263 £231
90th Percentile £638 £638 £600
UK median daily rate £450 £438 £413
% change year-on-year +2.86% +6.06% +3.13%
Number of hourly rates quoted 356 314 404
England median hourly rate £22.00 £20.00 £24.03
Median hourly rate % change year-on-year +10.00% -16.77% +11.51%
10th Percentile £11.25 £10.53 £11.03
90th Percentile £50.50 £48.09 £46.93
UK median hourly rate £21.00 £21.50 £23.50
% change year-on-year -2.33% -8.51% +9.05%

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 23 September 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 23 September 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 -346 149 £588 +2.17% 18
South East -26 1 £550 +15.79%
MiFID
UK

For the 6 months to 23 September 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 83 (55.33%) Banking
2 57 (38.00%) Finance
3 52 (34.67%) EMIR
4 45 (30.00%) Agile Software Development
5 40 (26.67%) Investment Banking
6 38 (25.33%) SQL
7 33 (22.00%) Equities
8 29 (19.33%) Dodd-Frank
9 26 (17.33%) Linux
10 25 (16.67%) Front Office
11 23 (15.33%) Business Analysis
12 22 (14.67%) JIRA
12 22 (14.67%) QA
12 22 (14.67%) Foreign Exchange (FX)
13 21 (14.00%) Stakeholder Management
14 20 (13.33%) Oracle
15 19 (12.67%) .NET
15 19 (12.67%) Fixed Income
16 17 (11.33%) Continuous Integration
16 17 (11.33%) Asset Management
17 16 (10.67%) Apache
17 16 (10.67%) Confluence
17 16 (10.67%) Elasticsearch
18 15 (10.00%) Analytical Skills
18 15 (10.00%) Microsoft
18 15 (10.00%) FIX Protocol
19 14 (9.33%) Derivative
19 14 (9.33%) Ansible
20 13 (8.67%) Jenkins
20 13 (8.67%) 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 16 (10.67%) Apache
1 16 (10.67%) Confluence
1 16 (10.67%) Elasticsearch
2 10 (6.67%) WordPress
3 4 (2.67%) Apache Spark
4 2 (1.33%) nginx
5 1 (0.67%) CMS
5 1 (0.67%) Office Communications Server
5 1 (0.67%) Skype for Business
Applications
1 10 (6.67%) Microsoft Excel
2 4 (2.67%) Microsoft Project
2 4 (2.67%) MS Visio
3 3 (2.00%) Microsoft Office
3 3 (2.00%) Microsoft PowerPoint
Business Applications
1 2 (1.33%) Orchestrade
2 1 (0.67%) IntelliMatch
2 1 (0.67%) Kondor
2 1 (0.67%) Markit EDM
2 1 (0.67%) RMDS
2 1 (0.67%) Summit
2 1 (0.67%) Temenos T24
Cloud Services
1 3 (2.00%) Office 365
2 2 (1.33%) Amazon AWS
2 2 (1.33%) Amazon CloudWatch
2 2 (1.33%) Amazon EC2
2 2 (1.33%) AWS CloudTrail
Communications & Networking
1 4 (2.67%) Skype
2 3 (2.00%) FIX Connectivity
3 1 (0.67%) DSL
3 1 (0.67%) PSTN
Database & Business Intelligence
1 12 (8.00%) PostgreSQL
1 12 (8.00%) SQL Server
2 11 (7.33%) SQL Server Integration Services
2 11 (7.33%) SQL Server Reporting Services
3 10 (6.67%) Data Warehouse
4 6 (4.00%) Oracle Database
4 6 (4.00%) Oracle Database 11g
5 5 (3.33%) Big Data
5 5 (3.33%) NoSQL
6 4 (2.67%) Crystal Reports
6 4 (2.67%) Relational Database
7 2 (1.33%) MS Access
7 2 (1.33%) OLAP
7 2 (1.33%) SQL Server 2008
8 1 (0.67%) Apache Cassandra
8 1 (0.67%) Apache Hive
8 1 (0.67%) DB2
8 1 (0.67%) Hadoop
8 1 (0.67%) HBase
8 1 (0.67%) MongoDB
Development Applications
1 22 (14.67%) JIRA
2 13 (8.67%) Jenkins
3 12 (8.00%) Git (software)
3 12 (8.00%) gulp
3 12 (8.00%) PhpStorm
3 12 (8.00%) Sonatype Nexus
4 4 (2.67%) Cucumber
5 3 (2.00%) JBehave
5 3 (2.00%) Selenium
6 2 (1.33%) Atlassian Bamboo
6 2 (1.33%) Concordion
6 2 (1.33%) PHPUnit
7 1 (0.67%) CppUnit
7 1 (0.67%) ER Studio
7 1 (0.67%) JUnit
7 1 (0.67%) SoapUI
7 1 (0.67%) TestNG
7 1 (0.67%) Visual Studio
7 1 (0.67%) WebDriver
General
1 83 (55.33%) Banking
2 57 (38.00%) Finance
3 40 (26.67%) Investment Banking
4 25 (16.67%) Front Office
5 11 (7.33%) Back Office
6 10 (6.67%) Legal
7 5 (3.33%) Financial Institution
7 5 (3.33%) Retail
8 4 (2.67%) Private Banking
9 3 (2.00%) Advertising
10 1 (0.67%) General Ledger
Job Titles
1 63 (42.00%) Analyst
2 54 (36.00%) Business Analyst
3 40 (26.67%) Developer
4 23 (15.33%) Project Manager
5 9 (6.00%) Front End Developer (Client-Side Developer)
5 9 (6.00%) Front End Web Developer (Client-Side Developer)
5 9 (6.00%) SQL Developer
5 9 (6.00%) Web Developer
6 8 (5.33%) Banking Analyst
6 8 (5.33%) MiFID Business Analyst
6 8 (5.33%) Oracle Developer
6 8 (5.33%) Project Analyst
6 8 (5.33%) Regulatory Business Analyst
7 7 (4.67%) Business IT Analyst
7 7 (4.67%) Business Manager
7 7 (4.67%) IT Analyst
7 7 (4.67%) IT Business Analyst
7 7 (4.67%) PL/SQL Developer
8 6 (4.00%) Banking Business Analyst
8 6 (4.00%) Database Developer
Libraries, Frameworks & Software Standards
1 19 (12.67%) .NET
2 15 (10.00%) FIX Protocol
3 12 (8.00%) CSS
3 12 (8.00%) LAPP Stack
4 10 (6.67%) jQuery
4 10 (6.67%) Kendo UI
4 10 (6.67%) Twitter Bootstrap
5 6 (4.00%) FpML
6 5 (3.33%) AngularJS
7 3 (2.00%) React
7 3 (2.00%) XML
8 2 (1.33%) HTML
8 2 (1.33%) WCF
8 2 (1.33%) Zend Framework
9 1 (0.67%) JSON
9 1 (0.67%) Task Parallel Library
9 1 (0.67%) WPF
Miscellaneous
1 33 (22.00%) Equities
2 22 (14.67%) Foreign Exchange (FX)
3 19 (12.67%) Fixed Income
4 15 (10.00%) Analytical Skills
5 14 (9.33%) Derivative
6 6 (4.00%) Fintech
6 6 (4.00%) OTC Derivatives
7 4 (2.67%) Grid Computing
8 3 (2.00%) Equity Derivative
8 3 (2.00%) Field-Programmable Gate Array
8 3 (2.00%) Hedge funds
8 3 (2.00%) Reference Data
9 2 (1.33%) Algorithms
9 2 (1.33%) Computer Science
9 2 (1.33%) Greenfield Project
10 1 (0.67%) Market Risk
10 1 (0.67%) Minimum Viable Product
10 1 (0.67%) Self-Motivation
10 1 (0.67%) User Experience
10 1 (0.67%) VWAP
Operating Systems
1 26 (17.33%) Linux
2 11 (7.33%) Windows
3 10 (6.67%) Unix
4 2 (1.33%) CentOS
4 2 (1.33%) Debian
4 2 (1.33%) Red Hat Enterprise Linux
4 2 (1.33%) Ubuntu
5 1 (0.67%) Windows Server
Processes & Methodologies
1 45 (30.00%) Agile Software Development
2 23 (15.33%) Business Analysis
3 21 (14.00%) Stakeholder Management
4 17 (11.33%) Asset Management
4 17 (11.33%) Continuous Integration
5 13 (8.67%) Investment Management
6 12 (8.00%) Business Intelligence
6 12 (8.00%) Data Mapping
7 11 (7.33%) Data Analysis
7 11 (7.33%) Project Management
7 11 (7.33%) Wealth Management
8 10 (6.67%) Low Latency
8 10 (6.67%) TDD
8 10 (6.67%) Web Development
9 9 (6.00%) Electronic Trading
9 9 (6.00%) Risk Management
9 9 (6.00%) Scrum
9 9 (6.00%) User Acceptance Testing
10 8 (5.33%) Change Management
11 7 (4.67%) Workflow
Programming Languages
1 38 (25.33%) SQL
2 13 (8.67%) C#
3 12 (8.00%) JavaScript
3 12 (8.00%) PHP
4 11 (7.33%) Python
4 11 (7.33%) T-SQL
5 10 (6.67%) VB.NET
6 8 (5.33%) PL/SQL
7 6 (4.00%) Scala
8 5 (3.33%) C
9 4 (2.67%) Java
10 3 (2.00%) Bash Shell
10 3 (2.00%) C++
10 3 (2.00%) Perl
10 3 (2.00%) PowerShell
10 3 (2.00%) VBA
11 2 (1.33%) Korn
11 2 (1.33%) PHP 5
11 2 (1.33%) PHP 7
Qualifications
1 5 (3.33%) Degree
2 3 (2.00%) (ISC)2 CCSP
2 3 (2.00%) CISA
2 3 (2.00%) Cisco Certification
2 3 (2.00%) CISSP
2 3 (2.00%) CompTIA Security+
2 3 (2.00%) ISEB
3 1 (0.67%) CCSP
3 1 (0.67%) Master's Degree
3 1 (0.67%) PMP
3 1 (0.67%) Six Sigma Black Belt
3 1 (0.67%) Six Sigma Green Belt
Quality Assurance & Compliance
1 52 (34.67%) EMIR
2 29 (19.33%) Dodd-Frank
3 22 (14.67%) QA
4 13 (8.67%) GDPR
5 7 (4.67%) AIFMD
6 3 (2.00%) Solvency II
7 1 (0.67%) FATCA
System Software
1 12 (8.00%) Docker
2 1 (0.67%) Active Directory
2 1 (0.67%) HDFS
Systems Management
1 14 (9.33%) Ansible
2 2 (1.33%) ITRS Geneos
Vendors
1 20 (13.33%) Oracle
2 15 (10.00%) Microsoft
3 6 (4.00%) RedGate
4 4 (2.67%) Tableau
5 3 (2.00%) Avaya
5 3 (2.00%) BT
5 3 (2.00%) Fidessa
5 3 (2.00%) Murex
5 3 (2.00%) Red Box
5 3 (2.00%) Speakerbus
5 3 (2.00%) Verint
6 2 (1.33%) ION Trading
6 2 (1.33%) Zend
7 1 (0.67%) Avaloq
7 1 (0.67%) GoldenSource
7 1 (0.67%) IBM
7 1 (0.67%) Reuters
7 1 (0.67%) Temenos