Period
to 24 September 2021

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 24 September 2021 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
24 Sep 2021
Same period 2020 Same period 2019
Rank 605 462 679
Rank change year-on-year -143 +217 +51
Contract jobs citing MiFID 119 32 128
As % of all contract jobs advertised in England 0.18% 0.12% 0.16%
As % of the Quality Assurance & Compliance category 1.49% 1.08% 1.42%
Number of daily rates quoted 103 26 90
10th Percentile £425 " £449
25th Percentile £515 £500 £513
Median daily rate (50th Percentile) £600 £550 £583
Median % change year-on-year +9.09% -5.58% -0.21%
75th Percentile £680 £648 £669
90th Percentile £744 £706 £703
UK median daily rate £600 £550 £583
% change year-on-year +9.09% -5.58% +1.30%
Number of hourly rates quoted 0 0 2
Median hourly rate - - £19.33
UK median hourly rate - - £19.33

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 8,004 2,957 9,033
As % of all contract IT jobs advertised in England 12.42% 11.44% 11.15%
Number of daily rates quoted 5,389 1,848 5,722
10th Percentile £263 £280 £250
25th Percentile £376 £363 £350
Median daily rate (50th Percentile) £500 £473 £450
Median % change year-on-year +5.82% +5.00% -
75th Percentile £600 £575 £550
90th Percentile £688 £645 £638
UK median daily rate £500 £468 £450
% change year-on-year +6.95% +3.89% -
Number of hourly rates quoted 283 139 374
10th Percentile £11.27 £10.89 £10.80
25th Percentile £13.25 £15.73 £14.13
Median hourly rate £21.00 £22.50 £21.02
Median % change year-on-year -6.67% +7.03% +5.11%
75th Percentile £46.50 £45.00 £46.56
90th Percentile £62.32 £55.00 £55.00
UK median hourly rate £20.00 £21.28 £21.00
% change year-on-year -5.99% +1.31% +9.09%

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 24 September 2021.

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 24 September 2021. 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 -118 115 £600 +9.09% 7
Midlands - 3 £550 -
West Midlands - 3 £550 -
MiFID
UK

For the 6 months to 24 September 2021, 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 87 (73.11%) Finance
2 77 (64.71%) Banking
3 37 (31.09%) Social Skills
4 36 (30.25%) EMIR
5 34 (28.57%) GDPR
6 33 (27.73%) Workshop Facilitation
7 31 (26.05%) Fintech
7 31 (26.05%) Data Quality
7 31 (26.05%) Data Management
8 30 (25.21%) Taxonomies
8 30 (25.21%) Informatica
8 30 (25.21%) Dashboard Development
8 30 (25.21%) Collibra
9 28 (23.53%) Business Case
10 24 (20.17%) Data Analysis
11 23 (19.33%) Stakeholder Management
12 22 (18.49%) Agile Software Development
12 22 (18.49%) Data Strategy
12 22 (18.49%) Data Lineage
13 20 (16.81%) Data Governance
13 20 (16.81%) Metadata Management
13 20 (16.81%) Derivative
13 20 (16.81%) Ataccama
13 20 (16.81%) Metadata
14 19 (15.97%) Foreign Exchange (FX)
15 17 (14.29%) Project Management
15 17 (14.29%) French Language
15 17 (14.29%) QA
16 16 (13.45%) SQL
16 16 (13.45%) Business Analysis

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 10 (8.40%) Appian
2 5 (4.20%) Confluence
3 4 (3.36%) Apache Spark
4 1 (0.84%) Apache
4 1 (0.84%) SharePoint
Applications
1 12 (10.08%) Microsoft PowerPoint
2 4 (3.36%) Microsoft Excel
3 3 (2.52%) Microsoft Office
4 2 (1.68%) Microsoft Project
4 2 (1.68%) MS Visio
Business Applications
1 12 (10.08%) Orchestrade
2 1 (0.84%) SunGard Martini
Cloud Services
1 30 (25.21%) Collibra
2 2 (1.68%) AWS
3 1 (0.84%) Power Platform
Database & Business Intelligence
1 20 (16.81%) Ataccama
1 20 (16.81%) Metadata
2 4 (3.36%) Big Data
2 4 (3.36%) Hadoop
3 1 (0.84%) Apache Hive
3 1 (0.84%) HBase
3 1 (0.84%) NoSQL
3 1 (0.84%) Power BI
3 1 (0.84%) Spark SQL
Development Applications
1 8 (6.72%) JIRA
2 1 (0.84%) Git (software)
2 1 (0.84%) Maven
General
1 87 (73.11%) Finance
2 77 (64.71%) Banking
3 37 (31.09%) Social Skills
4 17 (14.29%) French Language
5 15 (12.61%) Investment Banking
6 12 (10.08%) Analytical Skills
7 7 (5.88%) Front Office
8 3 (2.52%) Legal
8 3 (2.52%) Public Sector
8 3 (2.52%) Wholesale Banking
9 2 (1.68%) Back Office
9 2 (1.68%) Financial Institution
9 2 (1.68%) Inclusion and Diversity
9 2 (1.68%) Influencing Skills
9 2 (1.68%) Organisational Skills
9 2 (1.68%) Private Banking
10 1 (0.84%) Arabic Language
10 1 (0.84%) International Banking
10 1 (0.84%) Italian Language
10 1 (0.84%) Mandarin Language
Job Titles
1 60 (50.42%) Analyst
2 42 (35.29%) Business Analyst
3 22 (18.49%) Developer
4 15 (12.61%) Banking Analyst
4 15 (12.61%) Data Analyst
5 14 (11.76%) Report Analyst
6 12 (10.08%) C# Developer
7 11 (9.24%) Project Manager
7 11 (9.24%) Regulatory Business Analyst
8 10 (8.40%) Data Governance Analyst
8 10 (8.40%) Data Governance Manager
8 10 (8.40%) Data Manager
8 10 (8.40%) Governance Manager
9 9 (7.56%) Financial Analyst
9 9 (7.56%) Service Analyst
10 8 (6.72%) Banking Business Analyst
10 8 (6.72%) C++ Developer
10 8 (6.72%) C++/C# Developer
10 8 (6.72%) Investment Banking Business Analyst
11 7 (5.88%) Senior Manager
Libraries, Frameworks & Software Standards
1 5 (4.20%) XML
2 3 (2.52%) REST
2 3 (2.52%) Velocity
3 2 (1.68%) Kafka
3 2 (1.68%) NumPy
3 2 (1.68%) Pandas
3 2 (1.68%) React
3 2 (1.68%) Web Services
4 1 (0.84%) FIX Protocol
4 1 (0.84%) FpML
4 1 (0.84%) Middleware
4 1 (0.84%) RabbitMQ
4 1 (0.84%) Spring
4 1 (0.84%) Spring Boot
Miscellaneous
1 30 (25.21%) Taxonomies
2 20 (16.81%) Derivative
3 19 (15.97%) Foreign Exchange (FX)
4 13 (10.92%) Data Protection Act
5 12 (10.08%) Legacy Systems
6 10 (8.40%) Fixed Income
7 5 (4.20%) Equities
7 5 (4.20%) OTC Derivatives
7 5 (4.20%) Reference Data
8 3 (2.52%) Hedge funds
9 2 (1.68%) Data Structures
9 2 (1.68%) User Experience
9 2 (1.68%) Virtual Team
10 1 (0.84%) DTCC
Operating Systems
1 3 (2.52%) Unix
2 1 (0.84%) Windows
Processes & Methodologies
1 33 (27.73%) Workshop Facilitation
2 31 (26.05%) Data Management
2 31 (26.05%) Fintech
3 30 (25.21%) Dashboard Development
4 28 (23.53%) Business Case
5 24 (20.17%) Data Analysis
6 23 (19.33%) Stakeholder Management
7 22 (18.49%) Agile Software Development
7 22 (18.49%) Data Lineage
7 22 (18.49%) Data Strategy
8 20 (16.81%) Data Governance
8 20 (16.81%) Metadata Management
9 17 (14.29%) Project Management
10 16 (13.45%) Business Analysis
11 15 (12.61%) Migration
12 14 (11.76%) Data Protection
13 13 (10.92%) Data Mapping
14 12 (10.08%) Multithreading
15 10 (8.40%) Coaching
15 10 (8.40%) Data Transformation
Programming Languages
1 16 (13.45%) SQL
2 14 (11.76%) C++
3 13 (10.92%) C#
4 8 (6.72%) Python
5 3 (2.52%) Scala
6 2 (1.68%) Java
6 2 (1.68%) JavaScript
7 1 (0.84%) Apex Code
7 1 (0.84%) Java 8
7 1 (0.84%) R
7 1 (0.84%) VBA
Qualifications
1 7 (5.88%) Degree
2 2 (1.68%) CFA
3 1 (0.84%) Computer Science Degree
3 1 (0.84%) MBA
3 1 (0.84%) PMI Certification
3 1 (0.84%) PMP
Quality Assurance & Compliance
1 36 (30.25%) EMIR
2 34 (28.57%) GDPR
3 31 (26.05%) Data Quality
4 17 (14.29%) QA
5 13 (10.92%) FATCA
6 5 (4.20%) Dodd-Frank
7 4 (3.36%) AIFMD
8 2 (1.68%) SLA
8 2 (1.68%) UCITS
9 1 (0.84%) PMO
System Software
1 3 (2.52%) Apache ZooKeeper
Vendors
1 30 (25.21%) Informatica
2 10 (8.40%) Alteryx
3 4 (3.36%) Microsoft
4 3 (2.52%) Sun
5 2 (1.68%) Segue
6 1 (0.84%) Bloomberg
6 1 (0.84%) Charles River
6 1 (0.84%) Cloudera
6 1 (0.84%) Hortonworks
6 1 (0.84%) IBM
6 1 (0.84%) SunGard