Period
to 12 December 2018

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 12 December 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)
England > London
6 months to
12 Dec 2018
Same period 2017 Same period 2016
Rank 512 178 286
Rank change year-on-year -334 +108 +15
Contract jobs citing MiFID 120 747 387
As % of all contract IT jobs advertised in London 0.26% 1.57% 0.87%
As % of the Quality Assurance & Compliance category 2.54% 12.17% 7.60%
Number of daily rates quoted 87 559 288
London median daily rate £600 £575 £600
Median daily rate % change year-on-year +4.35% -4.17% -
10th Percentile £450 £409 £450
90th Percentile £750 £750 £725
England median daily rate £600 £575 £594
% change year-on-year +4.35% -3.16% -1.04%
Number of hourly rates quoted 0 1 0
London median hourly rate - £25.50 -
England 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 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 4,730 6,139 5,092
As % of all contract IT jobs advertised in London 10.05% 12.91% 11.39%
Number of daily rates quoted 3,308 4,402 3,542
London median daily rate £475 £480 £450
Median daily rate % change year-on-year -1.04% +6.67% -
10th Percentile £275 £300 £275
90th Percentile £652 £675 £650
England median daily rate £450 £450 £425
% change year-on-year - +5.88% +3.03%
Number of hourly rates quoted 72 76 71
London median hourly rate £26.50 £20.00 £20.00
Median hourly rate % change year-on-year +32.50% - -7.39%
10th Percentile £10.78 £12.00 £12.15
90th Percentile £57.50 £52.25 £50.00
England median hourly rate £20.04 £21.00 £22.50
% change year-on-year -4.58% -6.67% +2.27%

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 12 December 2018.

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 12 December 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
Central London -143 18 £575 - 13
South London -19 4 £550 -8.33%
East London -37 1 £638 +6.25% 1
MiFID
England

For the 6 months to 12 December 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 London region with a requirement for MiFID.

1 67 (55.83%) Banking
2 54 (45.00%) Finance
3 45 (37.50%) EMIR
4 37 (30.83%) Agile Software Development
5 35 (29.17%) Dodd-Frank
6 30 (25.00%) Investment Banking
7 24 (20.00%) Equities
7 24 (20.00%) Front Office
8 22 (18.33%) SQL
9 20 (16.67%) GDPR
10 18 (15.00%) Stakeholder Management
11 17 (14.17%) Foreign Exchange (FX)
11 17 (14.17%) JIRA
12 16 (13.33%) Fixed Income
13 14 (11.67%) Linux
14 13 (10.83%) QA
14 13 (10.83%) Business Analysis
15 12 (10.00%) Derivative
15 12 (10.00%) Data Mapping
15 12 (10.00%) Oracle
15 12 (10.00%) Project Management
15 12 (10.00%) Microsoft
15 12 (10.00%) Analytical Skills
15 12 (10.00%) Skype
16 11 (9.17%) Elasticsearch
16 11 (9.17%) Office 365
16 11 (9.17%) Business Intelligence
16 11 (9.17%) C#
16 11 (9.17%) Apache
16 11 (9.17%) Scrum

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 11 (9.17%) Apache
1 11 (9.17%) Elasticsearch
2 9 (7.50%) Confluence
3 7 (5.83%) WordPress
4 6 (5.00%) Skype for Business
5 4 (3.33%) Apache Spark
6 1 (0.83%) CMS
6 1 (0.83%) Office Communications Server
Applications
1 7 (5.83%) Microsoft Excel
2 5 (4.17%) Microsoft Office
3 1 (0.83%) Microsoft PowerPoint
3 1 (0.83%) Microsoft Project
3 1 (0.83%) MS Visio
Business Applications
1 2 (1.67%) IntelliMatch
2 1 (0.83%) RMDS
2 1 (0.83%) Summit
2 1 (0.83%) Temenos T24
Cloud Services
1 11 (9.17%) Office 365
Communications & Networking
1 12 (10.00%) Skype
2 1 (0.83%) DSL
2 1 (0.83%) PSTN
Database & Business Intelligence
1 9 (7.50%) SQL Server
1 9 (7.50%) SQL Server Integration Services
1 9 (7.50%) SQL Server Reporting Services
2 7 (5.83%) PostgreSQL
2 7 (5.83%) Relational Database
3 4 (3.33%) Big Data
3 4 (3.33%) Crystal Reports
3 4 (3.33%) NoSQL
4 3 (2.50%) RDBMS
5 2 (1.67%) Data Warehouse
5 2 (1.67%) DB2
5 2 (1.67%) Hadoop
5 2 (1.67%) OLAP
6 1 (0.83%) Apache Hive
6 1 (0.83%) HBase
Development Applications
1 17 (14.17%) JIRA
2 10 (8.33%) Git (software)
2 10 (8.33%) Jenkins
3 7 (5.83%) gulp
3 7 (5.83%) PhpStorm
3 7 (5.83%) Sonatype Nexus
4 6 (5.00%) Cucumber
5 3 (2.50%) Maven
5 3 (2.50%) Subversion
6 2 (1.67%) Atlassian Bamboo
6 2 (1.67%) ER Studio
6 2 (1.67%) JBehave
7 1 (0.83%) Concordion
7 1 (0.83%) JIRA Agile
7 1 (0.83%) Selenium
7 1 (0.83%) SoapUI
7 1 (0.83%) Zephyr
General
1 67 (55.83%) Banking
2 54 (45.00%) Finance
3 30 (25.00%) Investment Banking
4 24 (20.00%) Front Office
5 8 (6.67%) Back Office
5 8 (6.67%) Financial Institution
6 5 (4.17%) Legal
7 4 (3.33%) Private Banking
8 1 (0.83%) General Ledger
8 1 (0.83%) Retail
Job Titles
1 50 (41.67%) Analyst
2 41 (34.17%) Business Analyst
3 29 (24.17%) Developer
4 20 (16.67%) Project Manager
5 12 (10.00%) MiFID Business Analyst
6 7 (5.83%) Report Analyst
7 6 (5.00%) Banking Analyst
7 6 (5.00%) Business IT Analyst
7 6 (5.00%) Compliance Specialist
7 6 (5.00%) Front End Developer (Client-Side Developer)
7 6 (5.00%) Front End Web Developer (Client-Side Developer)
7 6 (5.00%) IT Analyst
7 6 (5.00%) IT Business Analyst
7 6 (5.00%) Regulatory Business Analyst
7 6 (5.00%) Web Developer
8 5 (4.17%) Banking Business Analyst
8 5 (4.17%) Project Analyst
8 5 (4.17%) Technical Specialist
9 4 (3.33%) Python Developer
9 4 (3.33%) Voice Project Manager
Libraries, Frameworks & Software Standards
1 10 (8.33%) .NET
2 7 (5.83%) CSS
2 7 (5.83%) FIX Protocol
2 7 (5.83%) jQuery
2 7 (5.83%) Kendo UI
2 7 (5.83%) LAPP Stack
2 7 (5.83%) Twitter Bootstrap
3 4 (3.33%) SOAP
3 4 (3.33%) XML
4 3 (2.50%) AngularJS
4 3 (2.50%) Apache Camel
4 3 (2.50%) FpML
4 3 (2.50%) JMS
4 3 (2.50%) React
4 3 (2.50%) REST
4 3 (2.50%) Spring
4 3 (2.50%) Spring Integration
4 3 (2.50%) Web Services
5 2 (1.67%) JSON
6 1 (0.83%) Task Parallel Library
Miscellaneous
1 24 (20.00%) Equities
2 17 (14.17%) Foreign Exchange (FX)
3 16 (13.33%) Fixed Income
4 12 (10.00%) Analytical Skills
4 12 (10.00%) Derivative
5 5 (4.17%) Hedge funds
5 5 (4.17%) OTC Derivatives
6 4 (3.33%) Grid Computing
7 2 (1.67%) Algorithms
7 2 (1.67%) Reference Data
7 2 (1.67%) Self-Motivation
8 1 (0.83%) ASIC
8 1 (0.83%) Fintech
8 1 (0.83%) Greenfield Project
8 1 (0.83%) Market Risk
8 1 (0.83%) Robotics
8 1 (0.83%) Taxonomies
8 1 (0.83%) User Experience
8 1 (0.83%) VWAP
Operating Systems
1 14 (11.67%) Linux
2 8 (6.67%) Unix
3 5 (4.17%) Windows
Processes & Methodologies
1 37 (30.83%) Agile Software Development
2 18 (15.00%) Stakeholder Management
3 13 (10.83%) Business Analysis
4 12 (10.00%) Data Mapping
4 12 (10.00%) Project Management
5 11 (9.17%) Business Intelligence
5 11 (9.17%) Investment Management
5 11 (9.17%) Scrum
6 10 (8.33%) Asset Management
6 10 (8.33%) User Acceptance Testing
7 8 (6.67%) Data Analysis
7 8 (6.67%) Wealth Management
8 7 (5.83%) BDD
8 7 (5.83%) Continuous Integration
8 7 (5.83%) TDD
8 7 (5.83%) Web Development
9 6 (5.00%) Data Modelling
9 6 (5.00%) Problem-Solving
10 5 (4.17%) OO
10 5 (4.17%) Risk Management
Programming Languages
1 22 (18.33%) SQL
2 11 (9.17%) C#
3 9 (7.50%) T-SQL
3 9 (7.50%) VB.NET
4 7 (5.83%) JavaScript
4 7 (5.83%) PHP
5 6 (5.00%) Python
6 5 (4.17%) Java
7 4 (3.33%) Scala
8 3 (2.50%) Bash Shell
8 3 (2.50%) C++
8 3 (2.50%) Java 8
8 3 (2.50%) VBA
9 2 (1.67%) Korn
9 2 (1.67%) Perl
10 1 (0.83%) C
10 1 (0.83%) PL/SQL
10 1 (0.83%) PowerShell
Qualifications
1 6 (5.00%) Degree
2 2 (1.67%) ISEB
3 1 (0.83%) CFA
3 1 (0.83%) CISA
3 1 (0.83%) Master's Degree
3 1 (0.83%) PMP
3 1 (0.83%) Six Sigma Black Belt
3 1 (0.83%) Six Sigma Green Belt
Quality Assurance & Compliance
1 45 (37.50%) EMIR
2 35 (29.17%) Dodd-Frank
3 20 (16.67%) GDPR
4 13 (10.83%) QA
5 6 (5.00%) AIFMD
6 3 (2.50%) Solvency II
7 1 (0.83%) FATCA
System Software
1 7 (5.83%) Docker
2 1 (0.83%) HDFS
Systems Management
1 9 (7.50%) Ansible
2 2 (1.67%) ITRS Geneos
Vendors
1 12 (10.00%) Microsoft
1 12 (10.00%) Oracle
2 10 (8.33%) Verint
3 9 (7.50%) BT
3 9 (7.50%) Speakerbus
4 6 (5.00%) Proofpoint
5 4 (3.33%) Avaya
5 4 (3.33%) Red Box
5 4 (3.33%) Tableau
6 3 (2.50%) MuleSoft
7 2 (1.67%) ION Trading
7 2 (1.67%) Murex
8 1 (0.83%) Reuters
8 1 (0.83%) Temenos
8 1 (0.83%) Vermilion