Period
to 23 April 2021

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 23 April 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)
England > London
6 months to
23 Apr 2021
Same period 2020 Same period 2019
Rank 390 420 516
Rank change year-on-year +30 +96 -138
Contract jobs citing MiFID 56 32 92
As % of all contract jobs advertised in London 0.25% 0.14% 0.22%
As % of the Quality Assurance & Compliance category 2.28% 1.39% 2.11%
Number of daily rates quoted 29 23 68
10th Percentile £451 £474 £460
25th Percentile £523 £495 £525
Median daily rate (50th Percentile) £575 £550 £600
Median % change year-on-year +4.55% -8.33% -
75th Percentile £675 £650 £650
90th Percentile £698 £675 £675
England median daily rate £581 £538 £590
% change year-on-year +8.14% -8.90% -1.67%

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 2,451 2,307 4,370
As % of all contract IT jobs advertised in London 10.91% 9.98% 10.39%
Number of daily rates quoted 1,677 1,650 2,980
10th Percentile £318 £300 £306
25th Percentile £410 £400 £395
Median daily rate (50th Percentile) £500 £495 £500
Median % change year-on-year +1.01% -1.00% +0.50%
75th Percentile £600 £588 £600
90th Percentile £675 £663 £675
England median daily rate £475 £450 £450
% change year-on-year +5.56% - -
Number of hourly rates quoted 15 43 57
10th Percentile £14.00 £15.95 £12.50
25th Percentile £14.13 £18.60 £15.00
Median hourly rate £20.00 £25.68 £21.18
Median % change year-on-year -22.12% +21.25% -0.33%
75th Percentile £23.75 £38.50 £31.00
90th Percentile £34.50 £50.20 £43.75
England median hourly rate £20.85 £22.55 £20.25
% change year-on-year -7.52% +11.36% -5.84%

MiFID
Job Vacancy Trend in London

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

Job vacancy trend for MiFID in London

MiFID
Contractor Daily Rate Trend in London

3-month moving average daily rate quoted in jobs citing MiFID in London.

Daily rate trend for MiFID in London

MiFID
Daily Rate Histogram in London

Daily rate distribution for jobs citing MiFID in London over the 6 months to 23 April 2021.

Daily rate histogram for MiFID in London

MiFID
Contractor Hourly Rate Trend in London

3-month moving average hourly rates quoted in jobs citing MiFID in London.

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 23 April 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
Central London +47 11 £593 +3.04% 3
MiFID
England

For the 6 months to 23 April 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 London region with a requirement for MiFID.

1 33 (58.93%) Finance
2 24 (42.86%) Banking
3 18 (32.14%) SQL
3 18 (32.14%) Agile Software Development
4 16 (28.57%) Foreign Exchange (FX)
4 16 (28.57%) EMIR
5 15 (26.79%) Problem-Solving
6 14 (25.00%) Front Office
7 12 (21.43%) Analytical Skills
8 11 (19.64%) Investment Banking
9 10 (17.86%) Java
9 10 (17.86%) Electronic Trading
10 9 (16.07%) User Acceptance Testing
11 8 (14.29%) JIRA
11 8 (14.29%) Python
11 8 (14.29%) Microsoft Excel
11 8 (14.29%) Legal
11 8 (14.29%) Investment Management
11 8 (14.29%) Integration Testing
11 8 (14.29%) REST
12 7 (12.50%) Dodd-Frank
12 7 (12.50%) AIFMD
12 7 (12.50%) BDD
12 7 (12.50%) GAP Analysis
12 7 (12.50%) Derivative
12 7 (12.50%) Computer Science
13 6 (10.71%) QA
13 6 (10.71%) Velocity
13 6 (10.71%) Degree
13 6 (10.71%) Data Analysis

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 6 (10.71%) Confluence
2 3 (5.36%) Apache
2 3 (5.36%) Red Hat Fuse
2 3 (5.36%) SharePoint
3 2 (3.57%) Apache Spark
Applications
1 8 (14.29%) Microsoft Excel
2 5 (8.93%) Microsoft Office
2 5 (8.93%) Microsoft PowerPoint
3 2 (3.57%) Microsoft Project
3 2 (3.57%) MS Visio
Business Applications
1 1 (1.79%) Summit
Cloud Services
1 2 (3.57%) AWS
Communications & Networking
1 2 (3.57%) TCP/IP
2 1 (1.79%) Internet
Database & Business Intelligence
1 3 (5.36%) KDB
1 3 (5.36%) NoSQL
1 3 (5.36%) Relational Database
2 2 (3.57%) Big Data
2 2 (3.57%) Kdb+
Development Applications
1 8 (14.29%) JIRA
2 3 (5.36%) Git (software)
2 3 (5.36%) Jenkins
2 3 (5.36%) TestComplete
3 2 (3.57%) Cucumber
4 1 (1.79%) Selenium
General
1 33 (58.93%) Finance
2 24 (42.86%) Banking
3 14 (25.00%) Front Office
4 11 (19.64%) Investment Banking
5 8 (14.29%) Legal
6 6 (10.71%) Public Sector
7 5 (8.93%) Private Banking
8 3 (5.36%) Back Office
9 1 (1.79%) Arabic Language
9 1 (1.79%) Financial Institution
9 1 (1.79%) French Language
9 1 (1.79%) Italian Language
9 1 (1.79%) Mandarin Language
9 1 (1.79%) Wholesale Banking
Job Titles
1 20 (35.71%) Analyst
2 18 (32.14%) Business Analyst
3 13 (23.21%) Developer
4 8 (14.29%) Regulatory Business Analyst
4 8 (14.29%) Report Analyst
5 6 (10.71%) Banking Analyst
5 6 (10.71%) Java Developer
6 5 (8.93%) Senior Developer
7 4 (7.14%) Commodities Business Analyst
7 4 (7.14%) Compliance Consultant
7 4 (7.14%) Consultant
7 4 (7.14%) Regulatory Reporting Business Analyst
8 3 (5.36%) Architect
8 3 (5.36%) Developer/Software Engineer
8 3 (5.36%) FX Business Analyst
8 3 (5.36%) Java Engineer
8 3 (5.36%) Sales Business Analyst
8 3 (5.36%) Senior Manager
8 3 (5.36%) Software Engineer
8 3 (5.36%) Tester
Libraries, Frameworks & Software Standards
1 8 (14.29%) REST
2 6 (10.71%) Middleware
2 6 (10.71%) Spring
2 6 (10.71%) Velocity
2 6 (10.71%) XML
3 5 (8.93%) AngularJS
3 5 (8.93%) React
4 4 (7.14%) FIX Protocol
5 3 (5.36%) Ajax
5 3 (5.36%) Apache Camel
5 3 (5.36%) GWT
5 3 (5.36%) Hibernate
5 3 (5.36%) HTML
5 3 (5.36%) JDBC
5 3 (5.36%) JMS
5 3 (5.36%) jQuery
5 3 (5.36%) JSF
5 3 (5.36%) Kafka
5 3 (5.36%) Redux
5 3 (5.36%) Spring Boot
Miscellaneous
1 16 (28.57%) Foreign Exchange (FX)
2 12 (21.43%) Analytical Skills
3 7 (12.50%) Derivative
4 6 (10.71%) Hedge funds
5 5 (8.93%) Fixed Income
5 5 (8.93%) Self-Motivation
6 4 (7.14%) Management Information System
6 4 (7.14%) OTC Derivatives
7 3 (5.36%) Clustering
7 3 (5.36%) Enterprise Software
8 2 (3.57%) Algorithms
8 2 (3.57%) Data Structures
8 2 (3.57%) DTCC
8 2 (3.57%) Equities
8 2 (3.57%) Greenfield Project
9 1 (1.79%) Market Risk
9 1 (1.79%) Organisational Skills
9 1 (1.79%) PMI
9 1 (1.79%) Reinsurance
9 1 (1.79%) Taxonomies
Operating Systems
1 5 (8.93%) Linux
2 1 (1.79%) Unix
Processes & Methodologies
1 18 (32.14%) Agile Software Development
2 15 (26.79%) Problem-Solving
3 10 (17.86%) Electronic Trading
4 9 (16.07%) User Acceptance Testing
5 8 (14.29%) Integration Testing
5 8 (14.29%) Investment Management
6 7 (12.50%) BDD
6 7 (12.50%) Computer Science
6 7 (12.50%) GAP Analysis
7 6 (10.71%) Business Analysis
7 6 (10.71%) Data Analysis
7 6 (10.71%) Data Engineering
7 6 (10.71%) Microservices
7 6 (10.71%) Project Management
7 6 (10.71%) Requirements Gathering
7 6 (10.71%) Scrum
7 6 (10.71%) Stakeholder Management
8 5 (8.93%) High Availability
8 5 (8.93%) Time Management
8 5 (8.93%) Unit Testing
Programming Languages
1 18 (32.14%) SQL
2 10 (17.86%) Java
3 8 (14.29%) Python
4 6 (10.71%) JavaScript
5 3 (5.36%) Java 8
5 3 (5.36%) PL/SQL
6 2 (3.57%) Bash Shell
6 2 (3.57%) C#
6 2 (3.57%) Haskell
6 2 (3.57%) Scala
7 1 (1.79%) R
7 1 (1.79%) TypeScript
7 1 (1.79%) VBA
Qualifications
1 6 (10.71%) Degree
2 3 (5.36%) Computer Science Degree
2 3 (5.36%) Master's Degree
3 1 (1.79%) CBAP
3 1 (1.79%) CFA
3 1 (1.79%) PMI Certification
Quality Assurance & Compliance
1 16 (28.57%) EMIR
2 7 (12.50%) AIFMD
2 7 (12.50%) Dodd-Frank
3 6 (10.71%) QA
3 6 (10.71%) UCITS
4 3 (5.36%) FATCA
4 3 (5.36%) GDPR
5 2 (3.57%) PMO
5 2 (3.57%) SLA
6 1 (1.79%) Data Quality
Systems Management
1 3 (5.36%) HP ALM
Vendors
1 4 (7.14%) Charles River
2 3 (5.36%) IBM
2 3 (5.36%) Microsoft
2 3 (5.36%) Oracle
3 1 (1.79%) Calypso
3 1 (1.79%) Informatica
3 1 (1.79%) Murex