Period
to 25 March 2019

The following table provides summary statistics for contract job vacancies advertised in London 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 25 March 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)
England > London
6 months to
25 Mar 2019
Same period 2018 Same period 2017
Rank 505 301 180
Rank change year-on-year -204 -121 +121
Contract jobs citing MiFID 103 402 626
As % of all contract IT jobs advertised in London 0.24% 0.86% 1.54%
As % of the Quality Assurance & Compliance category 2.34% 6.82% 12.93%
Number of daily rates quoted 76 297 489
London median daily rate £575 £600 £600
Median daily rate % change year-on-year -4.17% - -
10th Percentile £475 £400 £463
90th Percentile £675 £775 £725
England median daily rate £583 £600 £575
% change year-on-year -2.92% +4.35% -4.17%
Number of hourly rates quoted 0 0 0
London median hourly rate - - -
England 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 London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
London
Contract vacancies with a requirement for quality assurance or compliance skills 4,407 5,897 4,840
As % of all contract IT jobs advertised in London 10.34% 12.65% 11.94%
Number of daily rates quoted 2,951 4,097 3,364
London median daily rate £500 £488 £475
Median daily rate % change year-on-year +2.56% +2.63% +5.56%
10th Percentile £300 £300 £285
90th Percentile £675 £675 £675
England median daily rate £450 £450 £430
% change year-on-year - +4.65% +4.88%
Number of hourly rates quoted 63 95 71
London median hourly rate £22.00 £20.60 £25.00
Median hourly rate % change year-on-year +6.80% -17.60% +11.11%
10th Percentile £12.50 £13.13 £12.50
90th Percentile £43.75 £57.50 £50.00
England median hourly rate £21.88 £21.90 £20.00
% change year-on-year -0.09% +9.50% -13.98%

MiFID
Job Vacancy Trend in London

Job postings citing MiFID as a percentage of all IT jobs advertised in London.

Job vacancy trend for MiFID in London

MiFID
Contractor Daily Rate Trend in London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing MiFID in London.

Contractor daily rate trend for MiFID in London

MiFID
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing MiFID in London over the 6 months to 25 March 2019.

Contractor daily rate histogram for MiFID in London

MiFID
Contractor Hourly Rate Trend in London

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing MiFID in London.

Contractor hourly rate trend for MiFID in London

MiFID
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the London region over the 6 months to 25 March 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
Central London -72 18 £600 +2.13%
South London +7 1 - -
East London -41 1 £638 -19.05%
MiFID
England

For the 6 months to 25 March 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 London region with a requirement for MiFID.

1 60 (58.25%) Finance
2 47 (45.63%) Banking
3 40 (38.83%) Agile Software Development
4 23 (22.33%) EMIR
5 22 (21.36%) Dodd-Frank
6 21 (20.39%) SQL
7 20 (19.42%) Investment Banking
7 20 (19.42%) GDPR
8 16 (15.53%) Skype
9 15 (14.56%) Front Office
9 15 (14.56%) Equities
10 14 (13.59%) Scrum
10 14 (13.59%) Office 365
10 14 (13.59%) Verint
11 13 (12.62%) Microsoft
11 13 (12.62%) Business Analysis
11 13 (12.62%) QA
11 13 (12.62%) Investment Management
12 12 (11.65%) Derivative
12 12 (11.65%) Speakerbus
12 12 (11.65%) JIRA
12 12 (11.65%) Java
12 12 (11.65%) Fixed Income
12 12 (11.65%) BT
12 12 (11.65%) Financial Institution
12 12 (11.65%) Asset Management
13 11 (10.68%) Data Management
13 11 (10.68%) TDD
13 11 (10.68%) Analytical Skills
13 11 (10.68%) Problem-Solving

MiFID
Co-occurring IT Skills in London 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 (6.80%) Skype for Business
2 5 (4.85%) Confluence
3 2 (1.94%) MS Project Server
4 1 (0.97%) Apache
4 1 (0.97%) Apache Spark
4 1 (0.97%) Elasticsearch
Applications
1 7 (6.80%) Microsoft Office
2 4 (3.88%) Microsoft Project
3 2 (1.94%) Microsoft Excel
3 2 (1.94%) Microsoft PowerPoint
Business Applications
1 4 (3.88%) thinkFolio
2 3 (2.91%) Markit EDM
3 1 (0.97%) IntelliMatch
3 1 (0.97%) Summit
3 1 (0.97%) SunGard APT
3 1 (0.97%) Temenos T24
Cloud Services
1 14 (13.59%) Office 365
2 5 (4.85%) Amazon AWS
3 2 (1.94%) Google Cloud Platform
3 2 (1.94%) Microsoft Azure
4 1 (0.97%) Amazon CloudWatch
4 1 (0.97%) Amazon EC2
4 1 (0.97%) Amazon S3
Communications & Networking
1 16 (15.53%) Skype
2 4 (3.88%) Unified Communications
Database & Business Intelligence
1 8 (7.77%) SQL Server
2 6 (5.83%) Relational Database
3 4 (3.88%) RDBMS
4 3 (2.91%) Big Data
5 2 (1.94%) Hadoop
5 2 (1.94%) KDB
6 1 (0.97%) Apache Hive
6 1 (0.97%) BusinessObjects
6 1 (0.97%) BusinessObjects Business Intelligence
6 1 (0.97%) Data Warehouse
6 1 (0.97%) DB2
6 1 (0.97%) HBase
6 1 (0.97%) NoSQL
6 1 (0.97%) SQL Server Reporting Services
Development Applications
1 12 (11.65%) JIRA
2 9 (8.74%) Cucumber
2 9 (8.74%) Jenkins
3 7 (6.80%) Git (software)
4 5 (4.85%) Maven
5 4 (3.88%) Subversion
6 2 (1.94%) ER Studio
6 2 (1.94%) Selenium
6 2 (1.94%) SoapUI
6 2 (1.94%) Zephyr
7 1 (0.97%) Concordion
7 1 (0.97%) Hudson
7 1 (0.97%) JBehave
7 1 (0.97%) JUnit
7 1 (0.97%) TeamCity
General
1 60 (58.25%) Finance
2 47 (45.63%) Banking
3 20 (19.42%) Investment Banking
4 15 (14.56%) Front Office
5 12 (11.65%) Financial Institution
6 4 (3.88%) Back Office
6 4 (3.88%) Legal
7 2 (1.94%) Telecoms
8 1 (0.97%) Games
Job Titles
1 43 (41.75%) Analyst
2 29 (28.16%) Business Analyst
3 16 (15.53%) Developer
4 14 (13.59%) Project Manager
5 11 (10.68%) MiFID Business Analyst
6 9 (8.74%) Consultant
7 8 (7.77%) Java Developer
8 7 (6.80%) Regulatory Business Analyst
8 7 (6.80%) Report Analyst
9 6 (5.83%) Compliance Specialist
10 5 (4.85%) Service Analyst
10 5 (4.85%) Technical Specialist
10 5 (4.85%) Voice Project Manager
11 4 (3.88%) Architect
11 4 (3.88%) Data Analyst
11 4 (3.88%) Data Consultant
11 4 (3.88%) Financial Analyst
11 4 (3.88%) Investment Banking Java Developer
11 4 (3.88%) Management Consultant
11 4 (3.88%) SQL Developer
Libraries, Frameworks & Software Standards
1 6 (5.83%) AngularJS
1 6 (5.83%) REST
1 6 (5.83%) SOAP
1 6 (5.83%) Spring
2 5 (4.85%) FIX Protocol
2 5 (4.85%) JMS
2 5 (4.85%) React
2 5 (4.85%) Web Services
3 4 (3.88%) Apache Camel
3 4 (3.88%) Spring Integration
4 3 (2.91%) .NET
4 3 (2.91%) Angular 2
4 3 (2.91%) ASP.NET
4 3 (2.91%) ASP.NET Web API
4 3 (2.91%) Gherkin
4 3 (2.91%) XML
5 2 (1.94%) JSON
6 1 (0.97%) HTML5
6 1 (0.97%) Java EE
6 1 (0.97%) Kafka
Miscellaneous
1 15 (14.56%) Equities
2 12 (11.65%) Derivative
2 12 (11.65%) Fixed Income
3 11 (10.68%) Analytical Skills
4 9 (8.74%) Foreign Exchange (FX)
4 9 (8.74%) Hedge funds
5 4 (3.88%) Greenfield Project
5 4 (3.88%) OTC Derivatives
6 3 (2.91%) User Experience
7 2 (1.94%) Algorithms
7 2 (1.94%) BYOD
7 2 (1.94%) Data Structures
7 2 (1.94%) Self-Motivation
7 2 (1.94%) Video Conferencing
7 2 (1.94%) Virtual Team
8 1 (0.97%) Equity Derivative
8 1 (0.97%) Interest Rate Derivative
8 1 (0.97%) Reference Data
8 1 (0.97%) Swaptions
8 1 (0.97%) SWIFT
Operating Systems
1 8 (7.77%) Unix
2 6 (5.83%) Linux
3 5 (4.85%) Windows
Processes & Methodologies
1 40 (38.83%) Agile Software Development
2 14 (13.59%) Scrum
3 13 (12.62%) Business Analysis
3 13 (12.62%) Investment Management
4 12 (11.65%) Asset Management
5 11 (10.68%) Data Management
5 11 (10.68%) Problem-Solving
5 11 (10.68%) TDD
6 10 (9.71%) Data Analysis
6 10 (9.71%) Stakeholder Management
6 10 (9.71%) User Stories
7 9 (8.74%) Project Management
8 7 (6.80%) Migration
8 7 (6.80%) Risk Management
9 6 (5.83%) Kanban
9 6 (5.83%) OO
9 6 (5.83%) Test Automation
10 5 (4.85%) BDD
10 5 (4.85%) Data Modelling
10 5 (4.85%) DevOps
Programming Languages
1 21 (20.39%) SQL
2 12 (11.65%) Java
3 10 (9.71%) Python
4 5 (4.85%) Java 8
5 4 (3.88%) C#
6 3 (2.91%) PL/SQL
6 3 (2.91%) VBA
7 2 (1.94%) C++
7 2 (1.94%) JavaScript
7 2 (1.94%) Perl
7 2 (1.94%) Scala
8 1 (0.97%) Bash Shell
8 1 (0.97%) PowerShell
8 1 (0.97%) R
Qualifications
1 6 (5.83%) Degree
2 1 (0.97%) AWS Certification
2 1 (0.97%) CFA
2 1 (0.97%) CISA
2 1 (0.97%) ISEB
Quality Assurance & Compliance
1 23 (22.33%) EMIR
2 22 (21.36%) Dodd-Frank
3 20 (19.42%) GDPR
4 13 (12.62%) QA
5 6 (5.83%) FATCA
6 4 (3.88%) AIFMD
7 3 (2.91%) Basel III
8 2 (1.94%) Data Quality
8 2 (1.94%) Sarbanes-Oxley
8 2 (1.94%) UCITS
9 1 (0.97%) SEPA
9 1 (0.97%) SLA
9 1 (0.97%) Solvency II
System Software
1 1 (0.97%) HDFS
Systems Management
1 3 (2.91%) Ansible
2 1 (0.97%) Puppet
Vendors
1 14 (13.59%) Verint
2 13 (12.62%) Microsoft
3 12 (11.65%) BT
3 12 (11.65%) Speakerbus
4 8 (7.77%) Avaya
4 8 (7.77%) Red Box
5 7 (6.80%) Oracle
6 6 (5.83%) Proofpoint
7 5 (4.85%) MuleSoft
8 3 (2.91%) Murex
9 2 (1.94%) Bloomberg
9 2 (1.94%) GoldenSource
9 2 (1.94%) Google
9 2 (1.94%) Tradeweb
10 1 (0.97%) Calypso
10 1 (0.97%) Fidessa
10 1 (0.97%) Splunk
10 1 (0.97%) Sun
10 1 (0.97%) Tableau
10 1 (0.97%) Temenos