Period
to 22 October 2020

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 22 October 2020 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
22 Oct 2020
Same period 2019 Same period 2018
Rank 325 443 480
Rank change year-on-year +118 +37 -330
Contract jobs citing MiFID 34 126 146
As % of all contract jobs advertised in London 0.24% 0.34% 0.32%
As % of the Quality Assurance & Compliance category 2.37% 3.62% 3.00%
Number of daily rates quoted 27 96 109
Median daily rate £550 £595 £600
Median daily rate % change year-on-year -7.56% -0.83% +4.35%
10th Percentile £500 £419 £450
90th Percentile £738 £725 £750
England median daily rate £550 £600 £600
% change year-on-year -8.33% - +4.35%
Number of hourly rates quoted 0 2 0
Median hourly rate - £19.33 -
England median hourly rate - £19.33 -

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 1,435 3,477 4,864
As % of all contract IT jobs advertised in London 10.15% 9.47% 10.53%
Number of daily rates quoted 893 2,363 3,443
Median daily rate £500 £488 £475
Median daily rate % change year-on-year +2.56% +2.63% -2.56%
10th Percentile £300 £281 £280
90th Percentile £650 £663 £663
England median daily rate £470 £450 £450
% change year-on-year +4.43% - -
Number of hourly rates quoted 16 51 72
Median hourly rate £35.00 £18.70 £25.00
Median hourly rate % change year-on-year +87.17% -25.20% +25.00%
10th Percentile £18.98 £12.00 £11.03
90th Percentile £52.07 £35.00 £57.50
Median hourly rate £26.22 £22.00 £22.20
% change year-on-year +19.18% -0.88% +10.98%

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 22 October 2020.

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 22 October 2020. 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 +115 13 £588 +11.90% 1
MiFID
England

For the 6 months to 22 October 2020, 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 18 (52.94%) Banking
2 16 (47.06%) Finance
3 12 (35.29%) Front Office
3 12 (35.29%) Java
4 10 (29.41%) Multithreading
4 10 (29.41%) Concurrent Programming
5 9 (26.47%) Big Data
5 9 (26.47%) SQL
5 9 (26.47%) Foreign Exchange (FX)
5 9 (26.47%) Agile Software Development
6 8 (23.53%) Kafka
7 7 (20.59%) Scala
7 7 (20.59%) Electronic Trading
7 7 (20.59%) Haskell
7 7 (20.59%) Apache Spark
7 7 (20.59%) Akka
8 6 (17.65%) EMIR
8 6 (17.65%) Java 8
8 6 (17.65%) Investment Management
8 6 (17.65%) Oracle
9 5 (14.71%) SQL Server
9 5 (14.71%) Asset Management
9 5 (14.71%) Jenkins
9 5 (14.71%) REST
9 5 (14.71%) Relational Database
10 4 (11.76%) Apache Camel
10 4 (11.76%) Performance Tuning
10 4 (11.76%) Enterprise Software
10 4 (11.76%) Problem-Solving
10 4 (11.76%) Red Hat Fuse

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 (20.59%) Apache Spark
2 4 (11.76%) Apache
2 4 (11.76%) Red Hat Fuse
3 2 (5.88%) Confluence
4 1 (2.94%) SharePoint
Applications
1 3 (8.82%) Microsoft Office
2 2 (5.88%) Microsoft Excel
Business Applications
1 4 (11.76%) Markit EDM
1 4 (11.76%) thinkFolio
Cloud Services
1 3 (8.82%) Azure
2 1 (2.94%) Amazon EMR
2 1 (2.94%) Amazon S3
2 1 (2.94%) AWS
Database & Business Intelligence
1 9 (26.47%) Big Data
2 5 (14.71%) Relational Database
2 5 (14.71%) SQL Server
3 4 (11.76%) RDBMS
4 2 (5.88%) Hadoop
5 1 (2.94%) Amazon Redshift
5 1 (2.94%) Data Warehouse
5 1 (2.94%) NoSQL
Development Applications
1 5 (14.71%) Jenkins
2 3 (8.82%) JIRA
3 2 (5.88%) VersionOne
4 1 (2.94%) Atlassian Bamboo
4 1 (2.94%) Bitbucket
4 1 (2.94%) PyCharm
4 1 (2.94%) SpecFlow
4 1 (2.94%) TeamCity
General
1 18 (52.94%) Banking
2 16 (47.06%) Finance
3 12 (35.29%) Front Office
4 2 (5.88%) Legal
4 2 (5.88%) Retail Banking
5 1 (2.94%) Private Banking
Job Titles
1 16 (47.06%) Developer
2 8 (23.53%) Senior Developer
3 6 (17.65%) Scala Developer
3 6 (17.65%) Senior Scala Developer
4 5 (14.71%) Analyst
4 5 (14.71%) Java Developer
5 4 (11.76%) Business Analyst
6 3 (8.82%) Applications Developer
6 3 (8.82%) Java Applications Developer
6 3 (8.82%) MiFID Business Analyst
7 2 (5.88%) Azure Engineer
7 2 (5.88%) Cloud Engineer
7 2 (5.88%) Commodities Business Analyst
7 2 (5.88%) Regulatory Business Analyst
7 2 (5.88%) Report Analyst
7 2 (5.88%) Report Developer
7 2 (5.88%) Senior Java Developer
7 2 (5.88%) Technical Writer
7 2 (5.88%) Test Leader
8 1 (2.94%) Change Manager
Libraries, Frameworks & Software Standards
1 8 (23.53%) Kafka
2 7 (20.59%) Akka
3 5 (14.71%) REST
4 4 (11.76%) Ajax
4 4 (11.76%) AngularJS
4 4 (11.76%) Apache Camel
4 4 (11.76%) GWT
4 4 (11.76%) Hibernate
4 4 (11.76%) HTML
4 4 (11.76%) HTML5
4 4 (11.76%) JDBC
4 4 (11.76%) JMS
4 4 (11.76%) jQuery
4 4 (11.76%) JSF
4 4 (11.76%) OSGi
4 4 (11.76%) Spring
5 1 (2.94%) .NET Framework
5 1 (2.94%) LINQ
5 1 (2.94%) WCF
5 1 (2.94%) WPF
Miscellaneous
1 9 (26.47%) Foreign Exchange (FX)
2 4 (11.76%) Clustering
2 4 (11.76%) Enterprise Software
3 3 (8.82%) Analytical Skills
3 3 (8.82%) Derivative
4 2 (5.88%) Equities
4 2 (5.88%) Fixed Income
4 2 (5.88%) OTC Derivatives
5 1 (2.94%) ASIC
5 1 (2.94%) Client/Server
5 1 (2.94%) Greenfield Project
5 1 (2.94%) Hedge funds
Operating Systems
1 1 (2.94%) Linux
1 1 (2.94%) Unix
Processes & Methodologies
1 10 (29.41%) Concurrent Programming
1 10 (29.41%) Multithreading
2 9 (26.47%) Agile Software Development
3 7 (20.59%) Electronic Trading
4 6 (17.65%) Investment Management
5 5 (14.71%) Asset Management
6 4 (11.76%) Continuous Integration
6 4 (11.76%) High Availability
6 4 (11.76%) Microservices
6 4 (11.76%) Open Source
6 4 (11.76%) Performance Tuning
6 4 (11.76%) Problem-Solving
6 4 (11.76%) Scalability Testing
6 4 (11.76%) Web Development
7 3 (8.82%) BDD
7 3 (8.82%) Data Analysis
7 3 (8.82%) ETL
7 3 (8.82%) Multithreaded Programming
7 3 (8.82%) TDD
7 3 (8.82%) Unit Testing
Programming Languages
1 12 (35.29%) Java
2 9 (26.47%) SQL
3 7 (20.59%) Haskell
3 7 (20.59%) Scala
4 6 (17.65%) Java 8
5 4 (11.76%) JavaScript
6 1 (2.94%) C#
6 1 (2.94%) PL/SQL
6 1 (2.94%) Python
Qualifications
1 4 (11.76%) Degree
2 1 (2.94%) Computer Science Degree
2 1 (2.94%) Master's Degree
Quality Assurance & Compliance
1 6 (17.65%) EMIR
2 2 (5.88%) QA
3 1 (2.94%) Dodd-Frank
3 1 (2.94%) GDPR
3 1 (2.94%) IFRS
3 1 (2.94%) Solvency II
Systems Management
1 2 (5.88%) HP Quality Center
Vendors
1 6 (17.65%) Oracle
2 3 (8.82%) Charles River
2 3 (8.82%) Microsoft
3 1 (2.94%) Cloudera
3 1 (2.94%) DevExpress
3 1 (2.94%) Google
3 1 (2.94%) Hortonworks
3 1 (2.94%) IBM
3 1 (2.94%) Sybase