Period
to 16 August 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 16 August 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
16 Aug 2018
Same period 2017 Same period 2016
Rank 442 138 392
Rank change year-on-year -304 +254 +72
Contract jobs citing MiFID 185 842 239
As % of all contract IT jobs advertised in London 0.41% 1.97% 0.53%
As % of the Quality Assurance & Compliance category 3.52% 16.15% 4.89%
Number of daily rates quoted 138 625 163
London median daily rate £594 £575 £575
Median daily rate % change year-on-year +3.26% - -8.00%
10th Percentile £425 £425 £331
90th Percentile £770 £725 £700
England median daily rate £594 £575 £550
% change year-on-year +3.26% +4.55% -12.00%
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 5,260 5,213 4,886
As % of all contract IT jobs advertised in London 11.55% 12.20% 10.77%
Number of daily rates quoted 3,717 3,705 3,487
London median daily rate £488 £500 £450
Median daily rate % change year-on-year -2.50% +11.11% -
10th Percentile £301 £305 £265
90th Percentile £675 £675 £638
England median daily rate £450 £450 £420
% change year-on-year - +7.14% +5.00%
Number of hourly rates quoted 74 60 54
London median hourly rate £27.75 £20.25 £22.25
Median hourly rate % change year-on-year +37.04% -8.99% +11.25%
10th Percentile £14.00 £12.88 £13.73
90th Percentile £63.68 £50.00 £43.75
England median hourly rate £22.75 £20.00 £22.50
% change year-on-year +13.75% -11.11% +7.14%

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 16 August 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 16 August 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 -165 33 £550 -8.33% 9
South London -39 3 £550 +22.22%
MiFID
England

For the 6 months to 16 August 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.

1 108 (58.38%) Banking
2 69 (37.30%) Finance
3 63 (34.05%) EMIR
4 60 (32.43%) Investment Banking
5 54 (29.19%) Agile Software Development
6 46 (24.86%) SQL
7 39 (21.08%) Dodd-Frank
8 37 (20.00%) Front Office
9 35 (18.92%) Equities
10 29 (15.68%) Business Analysis
11 28 (15.14%) Stakeholder Management
11 28 (15.14%) Foreign Exchange (FX)
12 27 (14.59%) Linux
13 23 (12.43%) Fixed Income
14 22 (11.89%) Oracle
14 22 (11.89%) QA
15 21 (11.35%) Derivative
15 21 (11.35%) .NET
16 20 (10.81%) JIRA
16 20 (10.81%) FIX Protocol
16 20 (10.81%) Asset Management
17 18 (9.73%) Unix
17 18 (9.73%) Continuous Integration
18 17 (9.19%) Jenkins
19 16 (8.65%) Elasticsearch
19 16 (8.65%) Low Latency
19 16 (8.65%) Git (software)
19 16 (8.65%) Apache
19 16 (8.65%) SQL Server
19 16 (8.65%) C#

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 16 (8.65%) Apache
1 16 (8.65%) Elasticsearch
2 14 (7.57%) Confluence
3 10 (5.41%) WordPress
4 4 (2.16%) Apache Spark
5 2 (1.08%) nginx
5 2 (1.08%) WebSphere
6 1 (0.54%) CMS
6 1 (0.54%) SharePoint
Applications
1 8 (4.32%) Microsoft Excel
2 3 (1.62%) Microsoft PowerPoint
2 3 (1.62%) Microsoft Project
2 3 (1.62%) MS Visio
3 1 (0.54%) Microsoft Office
Business Applications
1 2 (1.08%) Orchestrade
2 1 (0.54%) IntelliMatch
2 1 (0.54%) Kondor
2 1 (0.54%) Markit EDM
2 1 (0.54%) RMDS
2 1 (0.54%) Summit
2 1 (0.54%) Temenos T24
Cloud Services
1 2 (1.08%) Amazon AWS
1 2 (1.08%) Amazon CloudWatch
1 2 (1.08%) Amazon EC2
1 2 (1.08%) AWS CloudTrail
Communications & Networking
1 3 (1.62%) FIX Connectivity
2 1 (0.54%) DSL
Database & Business Intelligence
1 16 (8.65%) SQL Server
2 12 (6.49%) PostgreSQL
3 11 (5.95%) SQL Server Integration Services
3 11 (5.95%) SQL Server Reporting Services
4 10 (5.41%) Data Warehouse
5 8 (4.32%) Big Data
5 8 (4.32%) Relational Database
6 6 (3.24%) Oracle Database
6 6 (3.24%) Oracle Database 11g
7 5 (2.70%) NoSQL
8 4 (2.16%) Crystal Reports
8 4 (2.16%) DB2
9 3 (1.62%) Blockchain
10 2 (1.08%) MS Access
10 2 (1.08%) OLAP
10 2 (1.08%) SQL Server 2008
11 1 (0.54%) Apache Cassandra
11 1 (0.54%) Apache Hive
11 1 (0.54%) Hadoop
11 1 (0.54%) MongoDB
Development Applications
1 20 (10.81%) JIRA
2 17 (9.19%) Jenkins
3 16 (8.65%) Git (software)
4 12 (6.49%) gulp
4 12 (6.49%) PhpStorm
4 12 (6.49%) Sonatype Nexus
5 4 (2.16%) Ant
5 4 (2.16%) Gradle
5 4 (2.16%) Hudson
5 4 (2.16%) Maven
6 3 (1.62%) Cucumber
6 3 (1.62%) Selenium
7 2 (1.08%) Atlassian Bamboo
7 2 (1.08%) Concordion
7 2 (1.08%) JBehave
7 2 (1.08%) PHPUnit
8 1 (0.54%) CppUnit
8 1 (0.54%) JUnit
8 1 (0.54%) TestNG
8 1 (0.54%) Visual Studio
General
1 108 (58.38%) Banking
2 69 (37.30%) Finance
3 60 (32.43%) Investment Banking
4 37 (20.00%) Front Office
5 12 (6.49%) Back Office
6 11 (5.95%) Legal
7 7 (3.78%) Financial Institution
8 6 (3.24%) Private Banking
8 6 (3.24%) Retail
9 3 (1.62%) Advertising
10 1 (0.54%) General Ledger
Job Titles
1 83 (44.86%) Analyst
2 71 (38.38%) Business Analyst
3 51 (27.57%) Developer
4 21 (11.35%) Project Manager
5 12 (6.49%) Banking Analyst
5 12 (6.49%) Project Analyst
6 10 (5.41%) Business Manager
6 10 (5.41%) MiFID Business Analyst
6 10 (5.41%) Senior Developer
7 9 (4.86%) Banking Business Analyst
7 9 (4.86%) Business IT Analyst
7 9 (4.86%) Front End Developer (Client-Side Developer)
7 9 (4.86%) Front End Web Developer (Client-Side Developer)
7 9 (4.86%) IT Analyst
7 9 (4.86%) IT Business Analyst
7 9 (4.86%) SQL Developer
7 9 (4.86%) Web Developer
8 8 (4.32%) Business Project Manager
8 8 (4.32%) Oracle Developer
9 7 (3.78%) PL/SQL Developer
Libraries, Frameworks & Software Standards
1 21 (11.35%) .NET
2 20 (10.81%) FIX Protocol
3 13 (7.03%) CSS
4 12 (6.49%) LAPP Stack
5 10 (5.41%) jQuery
5 10 (5.41%) Kendo UI
5 10 (5.41%) Twitter Bootstrap
6 7 (3.78%) XML
7 6 (3.24%) AngularJS
7 6 (3.24%) FpML
8 5 (2.70%) JSON
8 5 (2.70%) Spring
9 4 (2.16%) Protocol Buffers
9 4 (2.16%) SOAP
10 3 (1.62%) HTML
10 3 (1.62%) React
11 2 (1.08%) Flash
11 2 (1.08%) WCF
11 2 (1.08%) WebSphere MQ
11 2 (1.08%) WPF
Miscellaneous
1 35 (18.92%) Equities
2 28 (15.14%) Foreign Exchange (FX)
3 23 (12.43%) Fixed Income
4 21 (11.35%) Derivative
5 15 (8.11%) Analytical Skills
6 9 (4.86%) Fintech
7 7 (3.78%) Equity Derivative
8 6 (3.24%) Hedge funds
8 6 (3.24%) OTC Derivatives
9 5 (2.70%) Field-Programmable Gate Array
9 5 (2.70%) Grid Computing
10 3 (1.62%) Computer Science
10 3 (1.62%) Credit Derivative
10 3 (1.62%) Reference Data
11 2 (1.08%) Algorithms
11 2 (1.08%) Greenfield Project
11 2 (1.08%) Self-Motivation
12 1 (0.54%) Minimum Viable Product
12 1 (0.54%) Mobile App
12 1 (0.54%) Synthetic Equity
Operating Systems
1 27 (14.59%) Linux
2 18 (9.73%) Unix
3 12 (6.49%) Windows
4 2 (1.08%) CentOS
4 2 (1.08%) Debian
4 2 (1.08%) Red Hat Enterprise Linux
4 2 (1.08%) Ubuntu
5 1 (0.54%) Windows Server
Processes & Methodologies
1 54 (29.19%) Agile Software Development
2 29 (15.68%) Business Analysis
3 28 (15.14%) Stakeholder Management
4 20 (10.81%) Asset Management
5 18 (9.73%) Continuous Integration
6 16 (8.65%) Low Latency
7 15 (8.11%) Electronic Trading
7 15 (8.11%) Investment Management
7 15 (8.11%) Scrum
8 14 (7.57%) Data Mapping
8 14 (7.57%) Project Management
8 14 (7.57%) Wealth Management
9 12 (6.49%) Business Intelligence
10 11 (5.95%) E-Commerce
10 11 (5.95%) TDD
10 11 (5.95%) Web Development
11 10 (5.41%) Change Management
11 10 (5.41%) Data Analysis
11 10 (5.41%) High Availability
11 10 (5.41%) Workflow
Programming Languages
1 46 (24.86%) SQL
2 16 (8.65%) C#
2 16 (8.65%) Python
3 13 (7.03%) Java
3 13 (7.03%) JavaScript
4 12 (6.49%) PHP
5 11 (5.95%) T-SQL
6 10 (5.41%) VB.NET
7 8 (4.32%) C++
7 8 (4.32%) PL/SQL
8 7 (3.78%) C
9 6 (3.24%) Scala
9 6 (3.24%) Shell Script
10 5 (2.70%) Bash Shell
11 4 (2.16%) Perl
11 4 (2.16%) PowerShell
12 3 (1.62%) VBA
13 2 (1.08%) Korn
13 2 (1.08%) PHP 5
13 2 (1.08%) Tcl
Qualifications
1 5 (2.70%) Degree
2 4 (2.16%) CISA
2 4 (2.16%) CISSP
3 3 (1.62%) (ISC)2 CCSP
3 3 (1.62%) Cisco Certification
3 3 (1.62%) CompTIA Security+
4 2 (1.08%) ISEB
5 1 (0.54%) CCSP
5 1 (0.54%) CISM
5 1 (0.54%) Computer Science Degree
5 1 (0.54%) Master's Degree
5 1 (0.54%) Numerate Degree
5 1 (0.54%) PMP
5 1 (0.54%) Six Sigma Black Belt
5 1 (0.54%) Six Sigma Green Belt
Quality Assurance & Compliance
1 63 (34.05%) EMIR
2 39 (21.08%) Dodd-Frank
3 22 (11.89%) QA
4 12 (6.49%) GDPR
5 7 (3.78%) AIFMD
6 3 (1.62%) Solvency II
7 1 (0.54%) Data Quality
7 1 (0.54%) FATCA
7 1 (0.54%) ISO/IEC 27001
7 1 (0.54%) PMO
System Software
1 12 (6.49%) Docker
2 1 (0.54%) Active Directory
2 1 (0.54%) HDFS
Systems Management
1 14 (7.57%) Ansible
2 2 (1.08%) ITRS Geneos
Vendors
1 22 (11.89%) Oracle
2 11 (5.95%) Microsoft
3 6 (3.24%) RedGate
4 4 (2.16%) ION Trading
4 4 (2.16%) Murex
4 4 (2.16%) Perforce
4 4 (2.16%) Tableau
5 3 (1.62%) Fidessa
6 2 (1.08%) Bloomberg
6 2 (1.08%) Zend
7 1 (0.54%) Avaloq
7 1 (0.54%) Capita
7 1 (0.54%) GoldenSource
7 1 (0.54%) IBM
7 1 (0.54%) Reuters
7 1 (0.54%) Temenos
7 1 (0.54%) Wallstreet Suite