Period
to

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 27 June 2022 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
27 Jun 2022
Same period 2021 Same period 2020
Rank 455 419 362
Rank change year-on-year -36 -57 +144
Contract jobs citing MiFID 124 75 36
As % of all contract jobs advertised in London 0.32% 0.28% 0.21%
As % of the Quality Assurance & Compliance category 2.55% 2.30% 1.88%
Number of daily rates quoted 111 46 26
10th Percentile £513 £425 £493
25th Percentile £550 £517 £500
Median daily rate (50th Percentile) £650 £605 £558
Median % change year-on-year +7.44% +8.52% -7.08%
75th Percentile £750 £675 £672
90th Percentile £800 £754 £694
England median daily rate £650 £610 £550
% change year-on-year +6.56% +10.91% -8.33%

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 4,868 3,259 1,917
As % of all contract IT jobs advertised in London 12.48% 12.19% 11.05%
Number of daily rates quoted 3,441 2,227 1,336
10th Percentile £354 £320 £300
25th Percentile £456 £413 £401
Median daily rate (50th Percentile) £550 £520 £500
Median % change year-on-year +5.77% +4.00% -
75th Percentile £675 £620 £583
90th Percentile £775 £694 £650
England median daily rate £525 £475 £475
% change year-on-year +10.53% - +5.56%
Number of hourly rates quoted 78 28 37
10th Percentile £18.35 £14.18 £15.77
25th Percentile £24.35 £19.38 £19.99
Median hourly rate £44.50 £21.75 £31.72
Median % change year-on-year +104.60% -31.43% +51.84%
75th Percentile £49.25 £32.13 £45.00
90th Percentile £68.75 £38.83 £54.65
England median hourly rate £27.00 £21.00 £23.00
% change year-on-year +28.57% -8.70% +2.22%

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 27 June 2022.

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 27 June 2022. 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
Jobs
Central London -10 20 £700 +7.69% 2
East London - 2 £260 - 1
South London - 2 £650 -
MiFID
England

For the 6 months to 27 June 2022, 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 78 (62.90%) Finance
2 61 (49.19%) EMIR
3 49 (39.52%) Agile
4 38 (30.65%) Banking
5 36 (29.03%) Derivative
6 35 (28.23%) Front Office
6 35 (28.23%) SQL
7 33 (26.61%) Business Analysis
8 29 (23.39%) Fixed Income
9 28 (22.58%) Social Skills
10 26 (20.97%) Back Office
11 22 (17.74%) Requirements Gathering
12 21 (16.94%) Stakeholder Management
13 19 (15.32%) Investment Management
14 18 (14.52%) Data Analysis
15 17 (13.71%) Migration
15 17 (13.71%) SDLC
16 16 (12.90%) Analytical Skills
16 16 (12.90%) Project Management
16 16 (12.90%) Charles River
16 16 (12.90%) C#
17 15 (12.10%) OTC Derivatives
17 15 (12.10%) Regulatory Change
17 15 (12.10%) Microsoft Excel
17 15 (12.10%) Investment Banking
17 15 (12.10%) Dodd-Frank
17 15 (12.10%) SaaS
18 14 (11.29%) Management Information System
19 13 (10.48%) Python
20 12 (9.68%) DevOps

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 (5.65%) Confluence
2 1 (0.81%) MTS
Applications
1 15 (12.10%) Microsoft Excel
2 8 (6.45%) Microsoft PowerPoint
3 6 (4.84%) MS Visio
4 1 (0.81%) Microsoft Project
Business Applications
1 3 (2.42%) Endur
1 3 (2.42%) Fidessa
1 3 (2.42%) Kondor
2 2 (1.61%) Eagle PACE
2 2 (1.61%) ION MarketView
2 2 (1.61%) Refinitiv Enterprise Platform
3 1 (0.81%) Eikon
3 1 (0.81%) SunGard Martini
3 1 (0.81%) Temenos Globus
3 1 (0.81%) Temenos T24
3 1 (0.81%) thinkFolio
Cloud Services
1 15 (12.10%) SaaS
2 4 (3.23%) AWS
3 3 (2.42%) Amazon EC2
4 2 (1.61%) Azure
4 2 (1.61%) OpenShift
4 2 (1.61%) Power Platform
5 1 (0.81%) Amazon CloudWatch
5 1 (0.81%) Amazon S3
5 1 (0.81%) AWS CloudTrail
5 1 (0.81%) AWS Lambda
5 1 (0.81%) CloudFront
5 1 (0.81%) Collibra
5 1 (0.81%) Route 53
5 1 (0.81%) Serverless
5 1 (0.81%) Virtual Private Cloud
Communications & Networking
1 5 (4.03%) FIX Connectivity
Database & Business Intelligence
1 8 (6.45%) SQL Server
2 4 (3.23%) Elasticsearch
3 3 (2.42%) Amazon RDS
3 3 (2.42%) Oracle Database
4 2 (1.61%) Power BI
4 2 (1.61%) Tableau
5 1 (0.81%) Apache Cassandra
5 1 (0.81%) Data Mining
5 1 (0.81%) KDB
5 1 (0.81%) Kdb+
5 1 (0.81%) MongoDB
5 1 (0.81%) NoSQL
5 1 (0.81%) Oracle Reports
5 1 (0.81%) RDBMS
5 1 (0.81%) Relational Database
Development Applications
1 12 (9.68%) JIRA
2 5 (4.03%) Team Foundation Server
2 5 (4.03%) TeamCity
3 3 (2.42%) Git (software)
3 3 (2.42%) Jenkins
4 2 (1.61%) Sonatype Nexus
5 1 (0.81%) Bitbucket
General
1 78 (62.90%) Finance
2 38 (30.65%) Banking
3 35 (28.23%) Front Office
4 28 (22.58%) Social Skills
5 26 (20.97%) Back Office
6 16 (12.90%) Analytical Skills
7 15 (12.10%) Investment Banking
8 10 (8.06%) Documentation Skills
9 9 (7.26%) Presentation Skills
10 5 (4.03%) Legal
11 4 (3.23%) International Banking
12 3 (2.42%) Private Banking
13 2 (1.61%) Retail
14 1 (0.81%) Corporate Banking
14 1 (0.81%) Influencing Skills
14 1 (0.81%) Law
14 1 (0.81%) Organisational Skills
14 1 (0.81%) Retail Banking
Job Titles
1 63 (50.81%) Business Analyst
2 61 (49.19%) Analyst
3 16 (12.90%) Regulatory Business Analyst
3 16 (12.90%) Report Analyst
4 15 (12.10%) Finance Business Analyst
4 15 (12.10%) Financial Analyst
5 13 (10.48%) Charles River Analyst
5 13 (10.48%) Charles River Business Analyst
5 13 (10.48%) Developer
5 13 (10.48%) Project Manager
6 10 (8.06%) Product Specialist
7 9 (7.26%) Business IT Analyst
7 9 (7.26%) C# Developer
7 9 (7.26%) IT Analyst
7 9 (7.26%) IT Business Analyst
7 9 (7.26%) MiFID Business Analyst
8 7 (5.65%) Front Office Business Analyst
8 7 (5.65%) Investment Banking Business Analyst
8 7 (5.65%) SQL Analyst
9 6 (4.84%) Electronic Trading Business Analyst
Libraries, Frameworks & Software Standards
1 12 (9.68%) FIX Protocol
2 11 (8.87%) .NET
3 9 (7.26%) XML
4 7 (5.65%) RabbitMQ
5 3 (2.42%) Murex Flex
6 1 (0.81%) FpML
6 1 (0.81%) Kafka
6 1 (0.81%) Node.js
Miscellaneous
1 36 (29.03%) Derivative
2 29 (23.39%) Fixed Income
3 15 (12.10%) OTC Derivatives
4 14 (11.29%) Management Information System
5 11 (8.87%) Foreign Exchange (FX)
6 10 (8.06%) Equities
7 5 (4.03%) Data Protection Act
8 3 (2.42%) Interest Rate Derivative
9 2 (1.61%) Reference Data
10 1 (0.81%) CMDB
10 1 (0.81%) Credit Derivative
10 1 (0.81%) Data Structures
10 1 (0.81%) Eurex
10 1 (0.81%) Grid Computing
10 1 (0.81%) Self-Motivation
10 1 (0.81%) SWIFT
10 1 (0.81%) Wiki
Operating Systems
1 5 (4.03%) Unix
2 1 (0.81%) Linux
2 1 (0.81%) Windows
Processes & Methodologies
1 49 (39.52%) Agile
2 33 (26.61%) Business Analysis
3 22 (17.74%) Requirements Gathering
4 21 (16.94%) Stakeholder Management
5 19 (15.32%) Investment Management
6 18 (14.52%) Data Analysis
7 17 (13.71%) Migration
7 17 (13.71%) SDLC
8 16 (12.90%) Project Management
9 15 (12.10%) Regulatory Change
10 12 (9.68%) DevOps
10 12 (9.68%) Risk Management
11 11 (8.87%) Scrum
12 10 (8.06%) Collateral Management
12 10 (8.06%) Problem-Solving
13 9 (7.26%) Data Modelling
13 9 (7.26%) PRINCE2
14 8 (6.45%) Decision-Making
14 8 (6.45%) User Acceptance Testing
15 7 (5.65%) Epics
Programming Languages
1 35 (28.23%) SQL
2 16 (12.90%) C#
3 13 (10.48%) Python
4 10 (8.06%) PL/SQL
5 7 (5.65%) T-SQL
6 5 (4.03%) VB.NET
7 4 (3.23%) Java
8 3 (2.42%) C++
9 1 (0.81%) Bash
9 1 (0.81%) Scala
9 1 (0.81%) VBA
Qualifications
1 9 (7.26%) PMI Certification
1 9 (7.26%) PMP
2 8 (6.45%) Degree
3 1 (0.81%) Master's Degree
Quality Assurance & Compliance
1 61 (49.19%) EMIR
2 15 (12.10%) Dodd-Frank
3 8 (6.45%) QA
4 4 (3.23%) GDPR
5 2 (1.61%) FATCA
5 2 (1.61%) UCITS
6 1 (0.81%) Basel III
6 1 (0.81%) Data Quality
6 1 (0.81%) PMO
6 1 (0.81%) PSD2
6 1 (0.81%) SLA
System Software
1 2 (1.61%) Docker
Systems Management
1 3 (2.42%) Ansible
2 2 (1.61%) Kubernetes
2 2 (1.61%) Rundeck
3 1 (0.81%) Active Directory Federation Services
3 1 (0.81%) Terraform
Vendors
1 16 (12.90%) Charles River
2 12 (9.68%) Oracle
3 11 (8.87%) Bloomberg
4 10 (8.06%) Murex
5 8 (6.45%) Microsoft
5 8 (6.45%) OpenLink
6 7 (5.65%) ION Trading
7 6 (4.84%) Tradeweb
8 5 (4.03%) MarketAxess
9 2 (1.61%) Calypso
9 2 (1.61%) FactSet
9 2 (1.61%) SimCorp
10 1 (0.81%) Atlassian
10 1 (0.81%) FIS
10 1 (0.81%) Refinitiv
10 1 (0.81%) SunGard
10 1 (0.81%) Sybase
10 1 (0.81%) Temenos