Period
to 19 September 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 19 September 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
19 Sep 2021
Same period 2020 Same period 2019
Rank 429 320 472
Rank change year-on-year -109 +152 +8
Contract jobs citing MiFID 116 32 116
As % of all contract jobs advertised in London 0.35% 0.24% 0.30%
As % of the Quality Assurance & Compliance category 2.91% 2.16% 2.83%
Number of daily rates quoted 98 26 89
10th Percentile £418 £495 £435
25th Percentile £515 £500 £513
Median daily rate (50th Percentile) £600 £550 £575
Median % change year-on-year +9.09% -4.35% -4.17%
75th Percentile £680 £642 £669
90th Percentile £740 £706 £705
England median daily rate £600 £550 £575
% change year-on-year +9.09% -4.35% -3.16%
Number of hourly rates quoted 0 0 2
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 3,991 1,480 4,098
As % of all contract IT jobs advertised in London 12.05% 11.16% 10.53%
Number of daily rates quoted 2,761 965 2,830
10th Percentile £325 £306 £300
25th Percentile £425 £400 £385
Median daily rate (50th Percentile) £530 £500 £493
Median % change year-on-year +6.00% +1.52% +3.68%
75th Percentile £638 £588 £575
90th Percentile £712 £662 £663
England median daily rate £500 £475 £450
% change year-on-year +5.26% +5.56% -
Number of hourly rates quoted 40 19 57
10th Percentile £14.44 £15.42 £12.00
25th Percentile £18.99 £16.98 £13.00
Median hourly rate £25.75 £22.00 £17.66
Median % change year-on-year +17.05% +24.58% -26.05%
75th Percentile £31.88 £49.00 £24.00
90th Percentile £46.39 £54.20 £35.75
England median hourly rate £20.15 £22.25 £21.00
% change year-on-year -9.45% +5.95% +5.00%

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 19 September 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 19 September 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 -52 13 £650 +10.64% 3
East London - 6 £325 -
MiFID
England

For the 6 months to 19 September 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 84 (72.41%) Finance
2 73 (62.93%) Banking
3 37 (31.90%) Social Skills
4 36 (31.03%) EMIR
5 30 (25.86%) GDPR
6 29 (25.00%) Workshop Facilitation
7 27 (23.28%) Fintech
7 27 (23.28%) Data Quality
7 27 (23.28%) Data Management
8 26 (22.41%) Taxonomies
8 26 (22.41%) Informatica
8 26 (22.41%) Dashboard Development
8 26 (22.41%) Collibra
9 24 (20.69%) Business Case
9 24 (20.69%) Data Analysis
10 23 (19.83%) Agile Software Development
11 22 (18.97%) Stakeholder Management
12 19 (16.38%) Foreign Exchange (FX)
12 19 (16.38%) Derivative
13 18 (15.52%) Data Strategy
13 18 (15.52%) Data Lineage
14 17 (14.66%) French Language
14 17 (14.66%) QA
14 17 (14.66%) Project Management
14 17 (14.66%) SQL
15 16 (13.79%) Data Governance
15 16 (13.79%) Metadata Management
15 16 (13.79%) Metadata
15 16 (13.79%) Ataccama
16 15 (12.93%) Migration

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 10 (8.62%) Appian
2 5 (4.31%) Confluence
3 4 (3.45%) Apache Spark
4 1 (0.86%) Apache
4 1 (0.86%) SharePoint
Applications
1 12 (10.34%) Microsoft PowerPoint
2 4 (3.45%) Microsoft Excel
3 3 (2.59%) Microsoft Office
4 2 (1.72%) Microsoft Project
4 2 (1.72%) MS Visio
Business Applications
1 12 (10.34%) Orchestrade
Cloud Services
1 26 (22.41%) Collibra
2 3 (2.59%) AWS
3 1 (0.86%) Power Platform
Database & Business Intelligence
1 16 (13.79%) Ataccama
1 16 (13.79%) Metadata
2 4 (3.45%) Big Data
2 4 (3.45%) Hadoop
3 1 (0.86%) Apache Hive
3 1 (0.86%) HBase
3 1 (0.86%) NoSQL
3 1 (0.86%) Power BI
3 1 (0.86%) Spark SQL
Development Applications
1 8 (6.90%) JIRA
2 1 (0.86%) Git (software)
2 1 (0.86%) Maven
General
1 84 (72.41%) Finance
2 73 (62.93%) Banking
3 37 (31.90%) Social Skills
4 17 (14.66%) French Language
5 15 (12.93%) Investment Banking
6 11 (9.48%) Analytical Skills
7 7 (6.03%) Front Office
8 4 (3.45%) Public Sector
9 3 (2.59%) Legal
9 3 (2.59%) Wholesale Banking
10 2 (1.72%) Back Office
10 2 (1.72%) Financial Institution
10 2 (1.72%) Inclusion and Diversity
10 2 (1.72%) Influencing Skills
10 2 (1.72%) Organisational Skills
11 1 (0.86%) Arabic Language
11 1 (0.86%) Italian Language
11 1 (0.86%) Mandarin Language
11 1 (0.86%) Presentation Skills
11 1 (0.86%) Private Banking
Job Titles
1 60 (51.72%) Analyst
2 40 (34.48%) Business Analyst
3 23 (19.83%) Developer
4 15 (12.93%) Banking Analyst
4 15 (12.93%) Data Analyst
5 14 (12.07%) Report Analyst
6 12 (10.34%) C# Developer
7 11 (9.48%) Project Manager
8 10 (8.62%) Regulatory Business Analyst
9 9 (7.76%) Financial Analyst
9 9 (7.76%) Service Analyst
10 8 (6.90%) Banking Business Analyst
10 8 (6.90%) C++ Developer
10 8 (6.90%) C++/C# Developer
10 8 (6.90%) Investment Banking Business Analyst
11 7 (6.03%) Senior Manager
12 6 (5.17%) Data Governance Manager
12 6 (5.17%) Data Manager
12 6 (5.17%) Governance Manager
12 6 (5.17%) Python Developer
Libraries, Frameworks & Software Standards
1 5 (4.31%) XML
2 4 (3.45%) REST
2 4 (3.45%) Velocity
3 3 (2.59%) NumPy
3 3 (2.59%) Pandas
3 3 (2.59%) React
3 3 (2.59%) Web Services
4 2 (1.72%) Kafka
5 1 (0.86%) FpML
5 1 (0.86%) Middleware
5 1 (0.86%) RabbitMQ
5 1 (0.86%) Spring
5 1 (0.86%) Spring Boot
Miscellaneous
1 26 (22.41%) Taxonomies
2 19 (16.38%) Derivative
2 19 (16.38%) Foreign Exchange (FX)
3 13 (11.21%) Data Protection Act
4 12 (10.34%) Legacy Systems
5 9 (7.76%) Fixed Income
6 5 (4.31%) Equities
6 5 (4.31%) OTC Derivatives
6 5 (4.31%) Reference Data
7 4 (3.45%) Hedge funds
8 2 (1.72%) Data Structures
8 2 (1.72%) User Experience
8 2 (1.72%) Virtual Team
9 1 (0.86%) DTCC
Operating Systems
1 3 (2.59%) Unix
Processes & Methodologies
1 29 (25.00%) Workshop Facilitation
2 27 (23.28%) Data Management
2 27 (23.28%) Fintech
3 26 (22.41%) Dashboard Development
4 24 (20.69%) Business Case
4 24 (20.69%) Data Analysis
5 23 (19.83%) Agile Software Development
6 22 (18.97%) Stakeholder Management
7 18 (15.52%) Data Lineage
7 18 (15.52%) Data Strategy
8 17 (14.66%) Project Management
9 16 (13.79%) Data Governance
9 16 (13.79%) Metadata Management
10 15 (12.93%) Business Analysis
10 15 (12.93%) Migration
11 14 (12.07%) Data Protection
12 13 (11.21%) Data Mapping
13 12 (10.34%) Multithreading
14 10 (8.62%) Coaching
14 10 (8.62%) Data Transformation
Programming Languages
1 17 (14.66%) SQL
2 13 (11.21%) C#
2 13 (11.21%) C++
3 9 (7.76%) Python
4 3 (2.59%) JavaScript
4 3 (2.59%) Scala
5 2 (1.72%) Java
5 2 (1.72%) VBA
6 1 (0.86%) Java 8
6 1 (0.86%) R
Qualifications
1 7 (6.03%) Degree
2 2 (1.72%) CFA
3 1 (0.86%) Computer Science Degree
3 1 (0.86%) MBA
3 1 (0.86%) PMI Certification
3 1 (0.86%) PMP
Quality Assurance & Compliance
1 36 (31.03%) EMIR
2 30 (25.86%) GDPR
3 27 (23.28%) Data Quality
4 17 (14.66%) QA
5 12 (10.34%) FATCA
6 5 (4.31%) Dodd-Frank
7 4 (3.45%) AIFMD
8 2 (1.72%) SLA
8 2 (1.72%) UCITS
9 1 (0.86%) PMO
System Software
1 3 (2.59%) Apache ZooKeeper
Vendors
1 26 (22.41%) Informatica
2 10 (8.62%) Alteryx
3 4 (3.45%) Microsoft
4 3 (2.59%) Sun
5 2 (1.72%) Segue
6 1 (0.86%) Bloomberg
6 1 (0.86%) Charles River
6 1 (0.86%) Cloudera
6 1 (0.86%) Hortonworks
6 1 (0.86%) IBM