Period
to 21 November 2017

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 21 November 2017 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
21 Nov 2017
Same period 2016 Same period 2015
Rank 155 287 322
Rank change year-on-year +132 +35 +249
Contract jobs citing MiFID 809 377 311
As % of all contract IT jobs advertised in London 1.72% 0.84% 0.67%
As % of the Quality Assurance & Compliance category 13.18% 7.41% 5.67%
Number of daily rates quoted 602 278 197
London median daily rate £575 £575 £600
Median daily rate % change year-on-year - -4.17% -
10th Percentile £408 £438 £475
90th Percentile £750 £725 £743
England median daily rate £575 £575 £600
% change year-on-year - -4.17% +2.13%
Number of hourly rates quoted 1 0 0
London median hourly rate £25.50 - -
England median hourly rate £25.50 - £17.00

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 6137 5086 5489
As % of all contract IT jobs advertised in London 13.04% 11.32% 11.79%
Number of daily rates quoted 4382 3562 3810
London median daily rate £475 £458 £450
Median daily rate % change year-on-year +3.83% +1.67% +5.88%
10th Percentile £300 £271 £258
90th Percentile £675 £644 £625
England median daily rate £450 £425 £413
% change year-on-year +5.88% +3.03% +3.13%
Number of hourly rates quoted 75 65 65
London median hourly rate £20.00 £20.00 £21.50
Median hourly rate % change year-on-year - -6.98% +13.16%
10th Percentile £12.21 £12.35 £13.50
90th Percentile £48.80 £62.94 £72.75
England median hourly rate £20.00 £22.67 £21.64
% change year-on-year -11.77% +4.75% +10.97%

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 21 November 2017.

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 21 November 2017. 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 +77 162 £568 -3.40% 8
East London -1 11 £538 - 2
South London - 8 £600 -
MiFID
England

For the 6 months to 21 November 2017, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region with a requirement for MiFID.

1 422 (52.16%) Finance
2 344 (42.52%) Banking
3 242 (29.91%) Front Office
4 186 (22.99%) EMIR
5 175 (21.63%) Investment Banking
6 168 (20.77%) Derivative
7 161 (19.90%) SQL
8 160 (19.78%) Agile Software Development
9 146 (18.05%) Equities
10 144 (17.80%) Java
11 140 (17.31%) Fixed Income
12 139 (17.18%) Foreign Exchange (FX)
13 134 (16.56%) Business Analysis
14 94 (11.62%) Dodd-Frank
15 91 (11.25%) FIX Protocol
16 88 (10.88%) Stakeholder Management
17 87 (10.75%) Change Management
18 82 (10.14%) Project Management
18 82 (10.14%) Asset Management
19 78 (9.64%) Investment Management
20 75 (9.27%) QA
21 72 (8.90%) .NET
22 68 (8.41%) C#
22 68 (8.41%) Unix
23 67 (8.28%) User Acceptance Testing
24 65 (8.03%) Electronic Trading
25 61 (7.54%) Risk Management
26 54 (6.67%) SDLC
27 53 (6.55%) Linux
27 53 (6.55%) XML

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 13 (1.61%) IIS
1 13 (1.61%) SharePoint
2 10 (1.24%) WebSphere
3 9 (1.11%) Tomcat
4 6 (0.74%) Apache
4 6 (0.74%) WildFly
5 5 (0.62%) MQSeries
6 4 (0.49%) Apache Spark
7 3 (0.37%) Confluence
8 2 (0.25%) Oracle Workflow
9 1 (0.12%) WebLogic
Applications
1 27 (3.34%) Microsoft Excel
2 18 (2.22%) Microsoft PowerPoint
3 14 (1.73%) Microsoft Office
3 14 (1.73%) MS Visio
4 10 (1.24%) Microsoft Project
5 5 (0.62%) Spreadsheet
Business Applications
1 14 (1.73%) Markit EDM
2 12 (1.48%) ION MarketView
3 9 (1.11%) Bloomberg TOMS
4 7 (0.87%) Sentinel
4 7 (0.87%) Summit
4 7 (0.87%) SunGard GMI
5 4 (0.49%) IntelliMatch
5 4 (0.49%) Minerva
6 2 (0.25%) Eagle PACE
6 2 (0.25%) Endur
6 2 (0.25%) Temenos T24
6 2 (0.25%) thinkFolio
7 1 (0.12%) RMDS
7 1 (0.12%) SimCorp Dimension
Cloud Services
1 1 (0.12%) Google Cloud Platform
1 1 (0.12%) SaaS
Communications & Networking
1 17 (2.10%) FIX Connectivity
2 16 (1.98%) TCP/IP
3 8 (0.99%) LAN
4 7 (0.87%) WAN
5 4 (0.49%) PPP
6 2 (0.25%) Intranet
6 2 (0.25%) VoIP
7 1 (0.12%) DSL
7 1 (0.12%) Firewall
Database & Business Intelligence
1 46 (5.69%) SQL Server
2 39 (4.82%) Blockchain
3 20 (2.47%) Big Data
3 20 (2.47%) Data Warehouse
4 15 (1.85%) Relational Database
5 14 (1.73%) SQL Server Integration Services
5 14 (1.73%) SQL Server Reporting Services
6 10 (1.24%) KDB
7 9 (1.11%) DB2
7 9 (1.11%) Hadoop
8 8 (0.99%) Oracle Database
9 7 (0.87%) Kdb+
9 7 (0.87%) MariaDB
9 7 (0.87%) NoSQL
10 6 (0.74%) HBase
11 5 (0.62%) SQL Server 2014
12 4 (0.49%) Data Lake
12 4 (0.49%) MongoDB
13 3 (0.37%) RDBMS
13 3 (0.37%) SQL Server Analysis Services
Development Applications
1 31 (3.83%) JIRA
2 16 (1.98%) Jenkins
3 12 (1.48%) Cucumber
3 12 (1.48%) Team Foundation Server
4 10 (1.24%) Git (software)
5 9 (1.11%) JUnit
5 9 (1.11%) Maven
6 8 (0.99%) Visual Studio
7 7 (0.87%) Selenium
7 7 (0.87%) TeamCity
8 6 (0.74%) Ant
8 6 (0.74%) Hudson
9 5 (0.62%) MSTest
10 4 (0.49%) FitNesse
10 4 (0.49%) Gradle
10 4 (0.49%) JBehave
11 2 (0.25%) HP UFT
11 2 (0.25%) Subversion
12 1 (0.12%) NUnit
12 1 (0.12%) TestNG
General
1 422 (52.16%) Finance
2 344 (42.52%) Banking
3 242 (29.91%) Front Office
4 175 (21.63%) Investment Banking
5 52 (6.43%) Back Office
5 52 (6.43%) Financial Institution
6 25 (3.09%) Legal
7 12 (1.48%) Private Banking
8 9 (1.11%) French Language
9 8 (0.99%) Corporate Banking
9 8 (0.99%) Retail Banking
10 5 (0.62%) Marketing
11 4 (0.49%) International Banking
12 2 (0.25%) Advertising
12 2 (0.25%) Electronics
12 2 (0.25%) Manufacturing
12 2 (0.25%) Retail
12 2 (0.25%) Telecoms
13 1 (0.12%) Law
13 1 (0.12%) Wholesale Banking
Job Titles
1 346 (42.77%) Analyst
2 259 (32.01%) Business Analyst
3 213 (26.33%) Developer
4 124 (15.33%) MiFID Business Analyst
5 97 (11.99%) Project Manager
6 89 (11.00%) Java Developer
7 49 (6.06%) Senior Developer
8 45 (5.56%) C# Developer
9 41 (5.07%) SQL Developer
10 40 (4.94%) Test Analyst
11 37 (4.57%) Regulatory Business Analyst
12 35 (4.33%) Banking Analyst
13 33 (4.08%) MiFID Project Manager
14 30 (3.71%) Senior Analyst
15 27 (3.34%) Project Analyst
16 24 (2.97%) Test Manager
17 23 (2.84%) Architect
18 22 (2.72%) Tester
19 21 (2.60%) .NET Developer
19 21 (2.60%) Data Analyst
Libraries, Frameworks & Software Standards
1 91 (11.25%) FIX Protocol
2 72 (8.90%) .NET
3 53 (6.55%) XML
4 28 (3.46%) FpML
5 26 (3.21%) Spring
5 26 (3.21%) Web Services
6 25 (3.09%) Middleware
7 24 (2.97%) Kafka
8 20 (2.47%) JSON
9 19 (2.35%) HTML
10 17 (2.10%) RabbitMQ
10 17 (2.10%) SOAP
11 14 (1.73%) Entity Framework
11 14 (1.73%) HTML5
11 14 (1.73%) JMS
11 14 (1.73%) WPF
12 12 (1.48%) Hibernate
12 12 (1.48%) REST
13 11 (1.36%) AngularJS
13 11 (1.36%) WinForms
Miscellaneous
1 168 (20.77%) Derivative
2 146 (18.05%) Equities
3 140 (17.31%) Fixed Income
4 139 (17.18%) Foreign Exchange (FX)
5 50 (6.18%) OTC Derivatives
6 47 (5.81%) Analytical Skills
7 44 (5.44%) Fintech
8 32 (3.96%) Reference Data
9 25 (3.09%) Market Risk
10 19 (2.35%) Greenfield Project
11 18 (2.22%) Equity Derivative
12 15 (1.85%) Data Structures
13 14 (1.73%) Management Information System
14 12 (1.48%) PMI
15 11 (1.36%) Hedge funds
16 10 (1.24%) Computer Science
17 9 (1.11%) Interest Rate Derivative
18 8 (0.99%) Swaptions
19 7 (0.87%) SWIFT
20 6 (0.74%) Algorithms
Operating Systems
1 68 (8.41%) Unix
2 53 (6.55%) Linux
3 27 (3.34%) Windows
4 4 (0.49%) Windows Server
5 1 (0.12%) Red Hat Enterprise Linux
5 1 (0.12%) Solaris
Processes & Methodologies
1 160 (19.78%) Agile Software Development
2 134 (16.56%) Business Analysis
3 88 (10.88%) Stakeholder Management
4 87 (10.75%) Change Management
5 82 (10.14%) Asset Management
5 82 (10.14%) Project Management
6 78 (9.64%) Investment Management
7 67 (8.28%) User Acceptance Testing
8 65 (8.03%) Electronic Trading
9 61 (7.54%) Risk Management
10 54 (6.67%) SDLC
11 53 (6.55%) Test Automation
12 49 (6.06%) TDD
13 45 (5.56%) Scrum
14 41 (5.07%) Multithreading
15 38 (4.70%) Wealth Management
16 36 (4.45%) Data Modelling
16 36 (4.45%) Low Latency
17 34 (4.20%) PRINCE2
18 32 (3.96%) Test Strategy
Programming Languages
1 161 (19.90%) SQL
2 144 (17.80%) Java
3 68 (8.41%) C#
4 52 (6.43%) Python
5 38 (4.70%) T-SQL
6 34 (4.20%) C++
7 23 (2.84%) JavaScript
8 20 (2.47%) Perl
9 15 (1.85%) Ruby
9 15 (1.85%) Shell Script
10 13 (1.61%) Scala
11 10 (1.24%) C
12 8 (0.99%) PL/SQL
12 8 (0.99%) VBA
13 4 (0.49%) PowerShell
13 4 (0.49%) Tcl
14 3 (0.37%) Bash Shell
15 2 (0.25%) VB
16 1 (0.12%) PHP
16 1 (0.12%) XQuery
Qualifications
1 24 (2.97%) Degree
2 17 (2.10%) PMI Certification
3 16 (1.98%) PMP
4 8 (0.99%) ISEB
5 6 (0.74%) PRINCE2 Certification
6 4 (0.49%) APMP
6 4 (0.49%) Computer Science Degree
6 4 (0.49%) PRINCE2 Practitioner
7 3 (0.37%) ISTQB
8 2 (0.25%) IIBA
8 2 (0.25%) ISEB Practitioner
8 2 (0.25%) Master's Degree
8 2 (0.25%) Numerate Degree
9 1 (0.12%) CBAP
9 1 (0.12%) CFA
Quality Assurance & Compliance
1 186 (22.99%) EMIR
2 94 (11.62%) Dodd-Frank
3 75 (9.27%) QA
4 28 (3.46%) GDPR
5 25 (3.09%) PMO
6 16 (1.98%) AIFMD
7 15 (1.85%) FATCA
8 14 (1.73%) Solvency II
9 9 (1.11%) Data Quality
10 7 (0.87%) Sarbanes-Oxley
11 6 (0.74%) IFRS
12 4 (0.49%) UCITS
13 2 (0.25%) Basel II
13 2 (0.25%) PSD2
System Software
1 2 (0.25%) Active Directory
1 2 (0.25%) Virtual Machines
2 1 (0.12%) Apache ZooKeeper
2 1 (0.12%) HDFS
Systems Management
1 11 (1.36%) HP Quality Center
2 3 (0.37%) Control-M
3 1 (0.12%) Ansible
3 1 (0.12%) Thomson Reuters DACS
Vendors
1 39 (4.82%) Microsoft
2 37 (4.57%) Bloomberg
3 30 (3.71%) Oracle
4 21 (2.60%) ION Trading
4 21 (2.60%) Murex
5 19 (2.35%) Fidessa
6 18 (2.22%) TIBCO
7 17 (2.10%) Charles River
8 14 (1.73%) Sybase
9 12 (1.48%) Solace
10 11 (1.36%) Reuters
11 7 (0.87%) CQG
11 7 (0.87%) FIS
11 7 (0.87%) SunGard
12 6 (0.74%) Informatica
13 5 (0.62%) Calypso
13 5 (0.62%) Tradeweb
14 4 (0.49%) Citrix
14 4 (0.49%) IBM
14 4 (0.49%) SAP