Period
to 23 January 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 January 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 Jan 2018
Same period 2017 Same period 2016
Rank 355 413 520
Rank change year-on-year +58 +107 +262
Contract jobs citing MiFID 618 475 361
As % of all contract IT jobs advertised in England 0.67% 0.53% 0.37%
As % of the Quality Assurance & Compliance category 5.14% 4.63% 3.08%
Number of daily rates quoted 483 363 228
England median daily rate £575 £600 £600
Median daily rate % change year-on-year -4.17% - +4.35%
10th Percentile £400 £450 £429
90th Percentile £750 £725 £725
UK median daily rate £575 £600 £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 12,012 10,257 11,708
As % of all contract IT jobs advertised in England 12.97% 11.49% 11.93%
Number of daily rates quoted 7,928 6,756 7,440
England median daily rate £450 £425 £413
Median daily rate % change year-on-year +5.88% +3.03% +3.13%
10th Percentile £263 £238 £243
90th Percentile £638 £625 £600
UK median daily rate £450 £425 £401
% change year-on-year +5.88% +6.12% +0.13%
Number of hourly rates quoted 319 368 423
England median hourly rate £20.60 £22.84 £24.23
Median hourly rate % change year-on-year -9.79% -5.76% +21.15%
10th Percentile £11.20 £10.79 £11.00
90th Percentile £53.75 £47.50 £52.50
UK median hourly rate £21.00 £23.17 £25.00
% change year-on-year -9.37% -7.32% +25.00%

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 January 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 January 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 +19 597 £575 -4.17% 52
South East -12 11 £400 -
Midlands - 5 £500 -
West Midlands - 4 £500 -
North of England +42 3 £325 -36.59%
North West +8 3 £325 -38.10%
East of England - 2 £500 -
MiFID
UK

For the 6 months to 23 January 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.

1 323 (52.27%) Finance
2 286 (46.28%) Banking
3 173 (27.99%) Front Office
4 150 (24.27%) SQL
5 146 (23.62%) Investment Banking
6 140 (22.65%) EMIR
7 117 (18.93%) Agile Software Development
8 116 (18.77%) Java
9 111 (17.96%) Foreign Exchange (FX)
10 110 (17.80%) Derivative
11 102 (16.50%) Equities
12 100 (16.18%) Fixed Income
13 94 (15.21%) Business Analysis
14 77 (12.46%) .NET
15 76 (12.30%) Project Management
16 74 (11.97%) Dodd-Frank
17 72 (11.65%) Stakeholder Management
18 71 (11.49%) C#
19 69 (11.17%) Change Management
19 69 (11.17%) FIX Protocol
20 65 (10.52%) Asset Management
21 61 (9.87%) Back Office
22 54 (8.74%) Python
23 53 (8.58%) User Acceptance Testing
23 53 (8.58%) Investment Management
24 51 (8.25%) SQL Server
25 50 (8.09%) Unix
25 50 (8.09%) Linux
26 49 (7.93%) QA
27 45 (7.28%) Blockchain

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 12 (1.94%) IIS
2 11 (1.78%) SharePoint
2 11 (1.78%) WebSphere
3 6 (0.97%) Apache
3 6 (0.97%) Confluence
3 6 (0.97%) WildFly
4 4 (0.65%) Tomcat
5 3 (0.49%) MQSeries
6 2 (0.32%) MQSI
7 1 (0.16%) Apache Spark
7 1 (0.16%) WebLogic
Applications
1 26 (4.21%) Microsoft Excel
2 17 (2.75%) Microsoft PowerPoint
3 14 (2.27%) Microsoft Office
4 13 (2.10%) MS Visio
5 10 (1.62%) Microsoft Project
6 4 (0.65%) Spreadsheet
Business Applications
1 10 (1.62%) Summit
2 9 (1.46%) ION MarketView
3 8 (1.29%) Markit EDM
4 7 (1.13%) Bloomberg TOMS
4 7 (1.13%) SunGard GMI
5 6 (0.97%) Sentinel
6 5 (0.81%) Minerva
7 3 (0.49%) IntelliMatch
8 1 (0.16%) RMDS
8 1 (0.16%) SimCorp Dimension
8 1 (0.16%) Temenos T24
Cloud Services
1 1 (0.16%) Microsoft Azure
Communications & Networking
1 15 (2.43%) FIX Connectivity
2 10 (1.62%) TCP/IP
3 8 (1.29%) LAN
4 7 (1.13%) WAN
5 5 (0.81%) PPP
6 2 (0.32%) Intranet
6 2 (0.32%) VoIP
7 1 (0.16%) DSL
7 1 (0.16%) GSM
7 1 (0.16%) Remote Desktop
Database & Business Intelligence
1 51 (8.25%) SQL Server
2 45 (7.28%) Blockchain
3 22 (3.56%) SQL Server Integration Services
4 20 (3.24%) SQL Server Reporting Services
5 16 (2.59%) Big Data
6 14 (2.27%) Data Warehouse
7 10 (1.62%) Hadoop
7 10 (1.62%) Relational Database
8 6 (0.97%) DB2
8 6 (0.97%) NoSQL
9 5 (0.81%) HBase
10 4 (0.65%) Apache Hive
10 4 (0.65%) KDB
10 4 (0.65%) Kdb+
10 4 (0.65%) MongoDB
10 4 (0.65%) Oracle Database
11 3 (0.49%) RDBMS
11 3 (0.49%) SQL Server 2014
12 2 (0.32%) MariaDB
12 2 (0.32%) MySQL
Development Applications
1 33 (5.34%) JIRA
2 15 (2.43%) Selenium
3 13 (2.10%) Jenkins
3 13 (2.10%) TeamCity
4 10 (1.62%) Cucumber
4 10 (1.62%) Team Foundation Server
5 8 (1.29%) Git (software)
5 8 (1.29%) Maven
5 8 (1.29%) Visual Studio
6 7 (1.13%) Ant
7 6 (0.97%) Hudson
8 5 (0.81%) Gradle
9 4 (0.65%) JBehave
10 3 (0.49%) FitNesse
10 3 (0.49%) JUnit
10 3 (0.49%) MSTest
11 2 (0.32%) HP UFT
12 1 (0.16%) eggPlant
General
1 323 (52.27%) Finance
2 286 (46.28%) Banking
3 173 (27.99%) Front Office
4 146 (23.62%) Investment Banking
5 61 (9.87%) Back Office
6 24 (3.88%) Financial Institution
7 13 (2.10%) Retail Banking
8 12 (1.94%) Legal
9 8 (1.29%) French Language
9 8 (1.29%) Private Banking
10 6 (0.97%) Corporate Banking
11 5 (0.81%) Marketing
12 3 (0.49%) International Banking
13 2 (0.32%) Electronics
13 2 (0.32%) Manufacturing
13 2 (0.32%) Retail
13 2 (0.32%) Telecoms
14 1 (0.16%) Japanese Language
14 1 (0.16%) Law
Job Titles
1 241 (39.00%) Analyst
2 171 (27.67%) Business Analyst
3 160 (25.89%) Developer
4 77 (12.46%) MiFID Business Analyst
5 68 (11.00%) Project Manager
6 59 (9.55%) Java Developer
7 48 (7.77%) C# Developer
8 46 (7.44%) SQL Developer
9 41 (6.63%) Senior Developer
10 39 (6.31%) Test Analyst
11 27 (4.37%) Banking Analyst
11 27 (4.37%) Regulatory Business Analyst
12 24 (3.88%) .NET Developer
13 23 (3.72%) Architect
14 22 (3.56%) Report Analyst
15 21 (3.40%) C# .NET Developer
15 21 (3.40%) Senior Analyst
16 19 (3.07%) Front Office Business Analyst
16 19 (3.07%) MiFID Project Manager
17 18 (2.91%) Tester
Libraries, Frameworks & Software Standards
1 77 (12.46%) .NET
2 69 (11.17%) FIX Protocol
3 44 (7.12%) XML
4 28 (4.53%) JSON
5 24 (3.88%) Web Services
6 23 (3.72%) Entity Framework
7 22 (3.56%) Middleware
8 18 (2.91%) .NET Framework
9 17 (2.75%) HTML
9 17 (2.75%) WCF
10 16 (2.59%) AngularJS
11 15 (2.43%) SOAP
12 14 (2.27%) Spring
13 13 (2.10%) FpML
13 13 (2.10%) Kafka
13 13 (2.10%) RabbitMQ
14 12 (1.94%) HTML5
14 12 (1.94%) WebSphere MQ
14 12 (1.94%) WPF
15 11 (1.78%) JMS
Miscellaneous
1 111 (17.96%) Foreign Exchange (FX)
2 110 (17.80%) Derivative
3 102 (16.50%) Equities
4 100 (16.18%) Fixed Income
5 42 (6.80%) Analytical Skills
6 29 (4.69%) OTC Derivatives
7 22 (3.56%) Market Risk
8 21 (3.40%) Reference Data
9 16 (2.59%) Management Information System
10 13 (2.10%) Data Structures
10 13 (2.10%) Fintech
11 12 (1.94%) Equity Derivative
11 12 (1.94%) Greenfield Project
12 11 (1.78%) Hedge funds
13 10 (1.62%) PMI
14 8 (1.29%) Computer Science
14 8 (1.29%) Interest Rate Derivative
14 8 (1.29%) Swaptions
14 8 (1.29%) SWIFT
15 7 (1.13%) Credit Risk
Operating Systems
1 50 (8.09%) Linux
1 50 (8.09%) Unix
2 33 (5.34%) Windows
3 6 (0.97%) Windows Server
4 1 (0.16%) Solaris
Processes & Methodologies
1 117 (18.93%) Agile Software Development
2 94 (15.21%) Business Analysis
3 76 (12.30%) Project Management
4 72 (11.65%) Stakeholder Management
5 69 (11.17%) Change Management
6 65 (10.52%) Asset Management
7 53 (8.58%) Investment Management
7 53 (8.58%) User Acceptance Testing
8 43 (6.96%) TDD
9 41 (6.63%) SDLC
10 38 (6.15%) Electronic Trading
10 38 (6.15%) Test Automation
11 34 (5.50%) Multithreading
12 26 (4.21%) PRINCE2
13 25 (4.05%) Manual Testing
14 23 (3.72%) Data Modelling
15 22 (3.56%) OO
15 22 (3.56%) Scrum
16 21 (3.40%) Risk Management
16 21 (3.40%) Wealth Management
Programming Languages
1 150 (24.27%) SQL
2 116 (18.77%) Java
3 71 (11.49%) C#
4 54 (8.74%) Python
5 36 (5.83%) T-SQL
6 29 (4.69%) JavaScript
7 24 (3.88%) C++
8 16 (2.59%) Perl
8 16 (2.59%) PL/SQL
9 15 (2.43%) Ruby
10 12 (1.94%) Shell Script
11 11 (1.78%) Bash Shell
11 11 (1.78%) VBA
12 7 (1.13%) C
12 7 (1.13%) Scala
13 5 (0.81%) PowerShell
14 3 (0.49%) Tcl
15 1 (0.16%) PHP
15 1 (0.16%) VB
15 1 (0.16%) XQuery
Qualifications
1 19 (3.07%) Degree
2 12 (1.94%) PMI Certification
2 12 (1.94%) PMP
3 6 (0.97%) ISEB
4 5 (0.81%) PRINCE2 Certification
4 5 (0.81%) PRINCE2 Practitioner
5 4 (0.65%) APMP
6 2 (0.32%) Computer Science Degree
6 2 (0.32%) ISEB Practitioner
6 2 (0.32%) ISTQB
6 2 (0.32%) Numerate Degree
7 1 (0.16%) CBAP
7 1 (0.16%) CFA
7 1 (0.16%) IIBA
7 1 (0.16%) Master's Degree
Quality Assurance & Compliance
1 140 (22.65%) EMIR
2 74 (11.97%) Dodd-Frank
3 49 (7.93%) QA
4 31 (5.02%) PMO
5 25 (4.05%) GDPR
6 16 (2.59%) FATCA
7 14 (2.27%) Solvency II
8 12 (1.94%) AIFMD
9 8 (1.29%) IFRS
9 8 (1.29%) Sarbanes-Oxley
10 4 (0.65%) UCITS
11 3 (0.49%) Basel III
11 3 (0.49%) Data Quality
11 3 (0.49%) PSD2
12 2 (0.32%) Basel II
12 2 (0.32%) IFRS 9
System Software
1 5 (0.81%) HDFS
2 2 (0.32%) Active Directory
3 1 (0.16%) Apache ZooKeeper
Systems Management
1 11 (1.78%) HP Quality Center
2 3 (0.49%) Control-M
3 1 (0.16%) Ansible
3 1 (0.16%) Thomson Reuters DACS
Vendors
1 39 (6.31%) Microsoft
2 34 (5.50%) Bloomberg
2 34 (5.50%) Oracle
3 22 (3.56%) Murex
4 18 (2.91%) ION Trading
4 18 (2.91%) TIBCO
5 17 (2.75%) Fidessa
6 12 (1.94%) Charles River
7 11 (1.78%) IBM
8 9 (1.46%) Sybase
9 8 (1.29%) Solace
10 7 (1.13%) Calypso
10 7 (1.13%) CQG
10 7 (1.13%) FIS
10 7 (1.13%) Reuters
10 7 (1.13%) SunGard
11 5 (0.81%) Perforce
12 4 (0.65%) Citrix
12 4 (0.65%) Informatica
12 4 (0.65%) SAP