Period
to 13 November 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 13 November 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
13 Nov 2019
Same period 2018 Same period 2017
Rank 651 746 292
Rank change year-on-year +95 -454 +238
Contract jobs citing MiFID 130 130 850
As % of all contract IT jobs advertised in England 0.17% 0.14% 0.90%
As % of the Quality Assurance & Compliance category 1.62% 1.28% 7.21%
Number of daily rates quoted 90 93 632
England median daily rate £575 £600 £575
Median daily rate % change year-on-year -4.17% +4.35% -
10th Percentile £413 £450 £400
90th Percentile £703 £750 £750
UK median daily rate £575 £600 £575
% change year-on-year -4.17% +4.35% -
Number of hourly rates quoted 2 0 1
England median hourly rate £19.33 - £25.50
10th Percentile £18.32 - £23.75
90th Percentile £20.33 - £27.25
UK median hourly rate £19.33 - £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 8,041 10,191 11,793
As % of all contract IT jobs advertised in England 10.43% 10.75% 12.55%
Number of daily rates quoted 5,061 6,514 7,779
England median daily rate £450 £450 £450
10th Percentile £250 £254 £263
90th Percentile £638 £625 £638
UK median daily rate £450 £450 £438
% change year-on-year - +2.86% +2.94%
Number of hourly rates quoted 357 348 327
England median hourly rate £21.42 £22.40 £20.00
Median hourly rate % change year-on-year -4.39% +11.99% -12.42%
10th Percentile £11.00 £11.15 £10.84
90th Percentile £56.10 £50.29 £48.35
UK median hourly rate £21.19 £22.00 £20.00
% change year-on-year -3.67% +10.00% -18.37%

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 13 November 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 13 November 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 +85 120 £575 -4.17% 5
South East +36 2 - - 1
North of England - 2 £625 -
North West - 2 £625 -
MiFID
UK

For the 6 months to 13 November 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 75 (57.69%) Finance
2 68 (52.31%) Banking
3 56 (43.08%) EMIR
4 36 (27.69%) SQL
5 35 (26.92%) Agile Software Development
6 30 (23.08%) Microsoft
7 27 (20.77%) AngularJS
8 25 (19.23%) Derivative
8 25 (19.23%) SQL Server
9 24 (18.46%) Stakeholder Management
10 23 (17.69%) SQL Server Reporting Services
10 23 (17.69%) SQL Server Integration Services
11 22 (16.92%) Dodd-Frank
12 19 (14.62%) Asset Management
12 19 (14.62%) Problem-Solving
13 18 (13.85%) Front Office
13 18 (13.85%) C#
14 17 (13.08%) Project Management
14 17 (13.08%) Investment Banking
14 17 (13.08%) Selenium
15 16 (12.31%) Back Office
15 16 (12.31%) Windows
16 15 (11.54%) Java
16 15 (11.54%) Microsoft Office
16 15 (11.54%) Oracle
16 15 (11.54%) Investment Management
17 14 (10.77%) TeamCity
17 14 (10.77%) .NET
17 14 (10.77%) JavaScript
17 14 (10.77%) Migration

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 (5.38%) Apache Spark
1 7 (5.38%) Elasticsearch
2 6 (4.62%) Apache
3 3 (2.31%) Confluence
4 1 (0.77%) Oracle Coherence
Applications
1 15 (11.54%) Microsoft Office
2 7 (5.38%) Microsoft Excel
3 5 (3.85%) Microsoft Project
4 2 (1.54%) MS Visio
5 1 (0.77%) Microsoft PowerPoint
Business Applications
1 4 (3.08%) Temenos T24
1 4 (3.08%) thinkFolio
2 1 (0.77%) Kondor
2 1 (0.77%) Markit EDM
2 1 (0.77%) SunGard APT
Cloud Services
1 1 (0.77%) AWS
Communications & Networking
1 4 (3.08%) HTTP
2 1 (0.77%) LAN
2 1 (0.77%) NAS
2 1 (0.77%) SAN
2 1 (0.77%) WAN
Database & Business Intelligence
1 25 (19.23%) SQL Server
2 23 (17.69%) SQL Server Integration Services
2 23 (17.69%) SQL Server Reporting Services
3 12 (9.23%) Data Warehouse
4 3 (2.31%) Big Data
4 3 (2.31%) Relational Database
5 2 (1.54%) MS Access
5 2 (1.54%) MySQL
6 1 (0.77%) DTS
6 1 (0.77%) Hadoop
6 1 (0.77%) RDBMS
Development Applications
1 17 (13.08%) Selenium
2 14 (10.77%) TeamCity
3 8 (6.15%) JIRA
4 7 (5.38%) Octopus Deploy
5 5 (3.85%) Git (software)
6 1 (0.77%) Cucumber
6 1 (0.77%) Jenkins
6 1 (0.77%) Maven
6 1 (0.77%) Subversion
6 1 (0.77%) Visual Studio
General
1 75 (57.69%) Finance
2 68 (52.31%) Banking
3 18 (13.85%) Front Office
4 17 (13.08%) Investment Banking
5 16 (12.31%) Back Office
6 10 (7.69%) Financial Institution
6 10 (7.69%) Private Banking
7 3 (2.31%) Legal
8 2 (1.54%) Advertising
8 2 (1.54%) German Language
9 1 (0.77%) French Language
9 1 (0.77%) International Banking
9 1 (0.77%) Italian Language
9 1 (0.77%) Japanese Language
9 1 (0.77%) Spanish Language
Job Titles
1 45 (34.62%) Developer
2 40 (30.77%) Analyst
3 25 (19.23%) Business Analyst
4 13 (10.00%) C# Developer
5 12 (9.23%) Project Manager
6 10 (7.69%) .NET Developer
6 10 (7.69%) Java Developer
6 10 (7.69%) Python Developer
7 9 (6.92%) C# .NET Developer
7 9 (6.92%) SQL Developer
7 9 (6.92%) SSIS Developer
8 7 (5.38%) Report Analyst
8 7 (5.38%) Senior Business Analyst
9 6 (4.62%) MiFID Business Analyst
9 6 (4.62%) Report Developer
9 6 (4.62%) Report Manager
10 5 (3.85%) Information Officer
10 5 (3.85%) Information Security Officer
10 5 (3.85%) React Developer
10 5 (3.85%) Security Officer
Libraries, Frameworks & Software Standards
1 27 (20.77%) AngularJS
2 14 (10.77%) .NET
3 13 (10.00%) .NET Framework
3 13 (10.00%) Entity Framework
3 13 (10.00%) jQuery
3 13 (10.00%) JSON
3 13 (10.00%) KnockoutJS
3 13 (10.00%) WCF
4 12 (9.23%) FIX Protocol
5 8 (6.15%) React
5 8 (6.15%) XML
6 6 (4.62%) REST
7 5 (3.85%) Spring
8 4 (3.08%) Kafka
8 4 (3.08%) OAuth
8 4 (3.08%) Vue.js
9 3 (2.31%) Hibernate
9 3 (2.31%) SOAP
10 2 (1.54%) Middleware
10 2 (1.54%) XML Messaging
Miscellaneous
1 25 (19.23%) Derivative
2 13 (10.00%) Foreign Exchange (FX)
2 13 (10.00%) OTC Derivatives
3 12 (9.23%) Equities
4 9 (6.92%) Greenfield Project
5 7 (5.38%) Analytical Skills
5 7 (5.38%) ASIC
6 6 (4.62%) Equity Derivative
7 4 (3.08%) Hedge funds
7 4 (3.08%) Mobile App
8 3 (2.31%) Fixed Income
8 3 (2.31%) Grid Computing
8 3 (2.31%) Reference Data
9 2 (1.54%) Interest Rate Derivative
10 1 (0.77%) Algorithms
10 1 (0.77%) Contract for Difference
10 1 (0.77%) Credit Derivative
10 1 (0.77%) Data Centre
10 1 (0.77%) Data Structures
10 1 (0.77%) SWIFT
Operating Systems
1 16 (12.31%) Windows
2 6 (4.62%) Unix
Processes & Methodologies
1 35 (26.92%) Agile Software Development
2 24 (18.46%) Stakeholder Management
3 19 (14.62%) Asset Management
3 19 (14.62%) Problem-Solving
4 17 (13.08%) Project Management
5 15 (11.54%) Investment Management
6 14 (10.77%) Migration
7 13 (10.00%) Continuous Integration
7 13 (10.00%) MVC
7 13 (10.00%) Scaled Agile Framework
7 13 (10.00%) Web Development
8 12 (9.23%) Data Mapping
8 12 (9.23%) TDD
9 10 (7.69%) Business Analysis
9 10 (7.69%) Microservices
10 9 (6.92%) Cash Management
11 8 (6.15%) Economics
11 8 (6.15%) Electronic Trading
12 7 (5.38%) Algorithmic Trading
12 7 (5.38%) Workflow
Programming Languages
1 36 (27.69%) SQL
2 18 (13.85%) C#
3 15 (11.54%) Java
4 14 (10.77%) JavaScript
5 13 (10.00%) PL/SQL
5 13 (10.00%) Python
6 6 (4.62%) Perl
7 3 (2.31%) AWK
7 3 (2.31%) C-shell
7 3 (2.31%) Scala
8 2 (1.54%) Java 8
8 2 (1.54%) VBA
9 1 (0.77%) C++
9 1 (0.77%) VB.NET
Qualifications
1 8 (6.15%) Degree
2 6 (4.62%) PMP
3 5 (3.85%) CISA
3 5 (3.85%) CISM
3 5 (3.85%) CISSP
4 3 (2.31%) HNC
4 3 (2.31%) HND
4 3 (2.31%) PMI Certification
5 2 (1.54%) CFA
6 1 (0.77%) PhD
Quality Assurance & Compliance
1 56 (43.08%) EMIR
2 22 (16.92%) Dodd-Frank
3 6 (4.62%) QA
4 5 (3.85%) Basel II
4 5 (3.85%) COBIT
4 5 (3.85%) GDPR
4 5 (3.85%) ISO/IEC 27001
4 5 (3.85%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
4 5 (3.85%) NIST
5 3 (2.31%) AIFMD
5 3 (2.31%) Data Quality
5 3 (2.31%) ISO 20022
6 2 (1.54%) PMO
6 2 (1.54%) UCITS
7 1 (0.77%) TARGET2
Systems Management
1 4 (3.08%) Kubernetes
2 1 (0.77%) Cisco CUCM
2 1 (0.77%) HP Quality Center
Vendors
1 30 (23.08%) Microsoft
2 15 (11.54%) Oracle
3 6 (4.62%) Tableau
4 4 (3.08%) Temenos
5 2 (1.54%) Bloomberg
6 1 (0.77%) Charles River
6 1 (0.77%) Cisco
6 1 (0.77%) Etrali
6 1 (0.77%) Misys
6 1 (0.77%) MuleSoft
6 1 (0.77%) Reuters
6 1 (0.77%) SimCorp
6 1 (0.77%) Verint