Period
to 21 May 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 21 May 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
21 May 2018
Same period 2017 Same period 2016
Rank 384 146 348
Rank change year-on-year -238 +202 +138
Contract jobs citing MiFID 259 705 261
As % of all contract IT jobs advertised in London 0.57% 1.79% 0.60%
As % of the Quality Assurance & Compliance category 4.60% 15.16% 5.42%
Number of daily rates quoted 190 534 181
London median daily rate £575 £600 £575
Median daily rate % change year-on-year -4.17% +4.35% -4.17%
10th Percentile £425 £463 £363
90th Percentile £763 £725 £750
England median daily rate £575 £600 £575
% change year-on-year -4.17% +4.35% -4.17%
Number of hourly rates quoted 0 0 0
London median hourly rate - - -
England median hourly rate - - -

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 5,636 4,650 4,819
As % of all contract IT jobs advertised in London 12.36% 11.83% 11.12%
Number of daily rates quoted 3,967 3,276 3,394
London median daily rate £500 £486 £450
Median daily rate % change year-on-year +2.83% +8.06% +2.86%
10th Percentile £306 £300 £263
90th Percentile £675 £675 £638
England median daily rate £450 £450 £410
% change year-on-year - +9.76% +2.50%
Number of hourly rates quoted 84 63 59
London median hourly rate £24.25 £22.50 £22.00
Median hourly rate % change year-on-year +7.78% +2.27% +10.00%
10th Percentile £13.40 £12.88 £13.05
90th Percentile £57.50 £50.00 £40.25
England median hourly rate £22.50 £21.17 £22.92
% change year-on-year +6.28% -7.63% +10.45%

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 May 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 21 May 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 -151 55 £575 -4.17% 6
East London -24 2 £788 +32.63%
MiFID
England

For the 6 months to 21 May 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.

1 167 (64.48%) Banking
2 112 (43.24%) Finance
3 89 (34.36%) Investment Banking
4 76 (29.34%) EMIR
5 68 (26.25%) SQL
6 62 (23.94%) Front Office
7 59 (22.78%) Dodd-Frank
8 50 (19.31%) Agile Software Development
9 45 (17.37%) Foreign Exchange (FX)
10 42 (16.22%) Business Analysis
11 37 (14.29%) Java
12 36 (13.90%) Python
13 34 (13.13%) Back Office
13 34 (13.13%) Stakeholder Management
14 32 (12.36%) SQL Server
14 32 (12.36%) Derivative
15 30 (11.58%) Asset Management
15 30 (11.58%) Fixed Income
15 30 (11.58%) Change Management
16 29 (11.20%) Linux
17 28 (10.81%) Oracle
17 28 (10.81%) Equities
18 25 (9.65%) Unix
18 25 (9.65%) Windows
18 25 (9.65%) C#
19 24 (9.27%) Microsoft
19 24 (9.27%) JSON
20 22 (8.49%) .NET
21 21 (8.11%) Project Management
21 21 (8.11%) FIX Protocol

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 (2.70%) Confluence
2 6 (2.32%) Apache
2 6 (2.32%) Elasticsearch
3 5 (1.93%) WebSphere
4 3 (1.16%) WordPress
5 2 (0.77%) MQSI
5 2 (0.77%) nginx
5 2 (0.77%) SharePoint
6 1 (0.39%) Apache Spark
6 1 (0.39%) MQSeries
Applications
1 8 (3.09%) Microsoft Excel
1 8 (3.09%) Microsoft PowerPoint
2 6 (2.32%) Microsoft Project
2 6 (2.32%) MS Visio
3 1 (0.39%) Microsoft Office
Business Applications
1 6 (2.32%) Summit
2 2 (0.77%) Markit EDM
2 2 (0.77%) Orchestrade
3 1 (0.39%) ION MarketView
3 1 (0.39%) Minerva
3 1 (0.39%) Sentinel
Cloud Services
1 2 (0.77%) Amazon AWS
1 2 (0.77%) Amazon CloudWatch
1 2 (0.77%) Amazon EC2
1 2 (0.77%) AWS CloudTrail
2 1 (0.39%) Microsoft Azure
Communications & Networking
1 6 (2.32%) FIX Connectivity
2 1 (0.39%) GSM
2 1 (0.39%) PPP
Database & Business Intelligence
1 32 (12.36%) SQL Server
2 20 (7.72%) Blockchain
3 14 (5.41%) Big Data
4 13 (5.02%) Data Warehouse
5 11 (4.25%) Relational Database
6 10 (3.86%) DB2
7 9 (3.47%) Hadoop
7 9 (3.47%) SQL Server Integration Services
7 9 (3.47%) SQL Server Reporting Services
8 6 (2.32%) Oracle Database
8 6 (2.32%) Oracle Database 11g
9 5 (1.93%) PostgreSQL
10 4 (1.54%) Apache Hive
10 4 (1.54%) HBase
11 2 (0.77%) Data Mining
11 2 (0.77%) MS Access
12 1 (0.39%) Apache Cassandra
12 1 (0.39%) Crystal Reports
12 1 (0.39%) MongoDB
12 1 (0.39%) MySQL
Development Applications
1 16 (6.18%) Jenkins
2 15 (5.79%) Git (software)
3 13 (5.02%) Selenium
4 11 (4.25%) JIRA
5 10 (3.86%) Ant
5 10 (3.86%) Gradle
5 10 (3.86%) Hudson
5 10 (3.86%) Maven
5 10 (3.86%) TeamCity
6 5 (1.93%) gulp
6 5 (1.93%) PhpStorm
6 5 (1.93%) Sonatype Nexus
7 4 (1.54%) Cucumber
7 4 (1.54%) ER Studio
8 2 (0.77%) Concordion
8 2 (0.77%) JBehave
8 2 (0.77%) PHPUnit
9 1 (0.39%) SoapUI
9 1 (0.39%) Team Foundation Server
9 1 (0.39%) WebDriver
General
1 167 (64.48%) Banking
2 112 (43.24%) Finance
3 89 (34.36%) Investment Banking
4 62 (23.94%) Front Office
5 34 (13.13%) Back Office
6 11 (4.25%) Legal
7 10 (3.86%) Financial Institution
8 7 (2.70%) Private Banking
8 7 (2.70%) Retail Banking
9 6 (2.32%) Retail
10 3 (1.16%) Advertising
11 2 (0.77%) Marketing
12 1 (0.39%) French Language
12 1 (0.39%) International Banking
Job Titles
1 118 (45.56%) Analyst
2 90 (34.75%) Business Analyst
3 63 (24.32%) Developer
4 26 (10.04%) MiFID Business Analyst
5 24 (9.27%) Banking Analyst
6 23 (8.88%) Project Manager
7 20 (7.72%) SQL Developer
8 19 (7.34%) Java Developer
9 16 (6.18%) Senior Developer
10 14 (5.41%) Applications Support
10 14 (5.41%) C# Developer
10 14 (5.41%) FX Business Analyst
11 13 (5.02%) Project Analyst
11 13 (5.02%) Quantitative Developer
12 12 (4.63%) Architect
13 11 (4.25%) Investment Banking Java Developer
13 11 (4.25%) Regulatory Business Analyst
13 11 (4.25%) Senior Java Developer
14 10 (3.86%) C# .NET Developer
14 10 (3.86%) Senior Investment Banking Java Developer
Libraries, Frameworks & Software Standards
1 24 (9.27%) JSON
2 22 (8.49%) .NET
3 21 (8.11%) FIX Protocol
4 18 (6.95%) XML
5 14 (5.41%) AngularJS
6 12 (4.63%) jQuery
6 12 (4.63%) Spring
7 11 (4.25%) .NET Framework
7 11 (4.25%) Entity Framework
7 11 (4.25%) WCF
8 10 (3.86%) Protocol Buffers
8 10 (3.86%) SOAP
9 9 (3.47%) KnockoutJS
10 7 (2.70%) IBM Integration Bus
11 6 (2.32%) CSS
11 6 (2.32%) WebSphere MQ
12 5 (1.93%) LAPP Stack
13 4 (1.54%) FpML
13 4 (1.54%) HTML
13 4 (1.54%) Middleware
Miscellaneous
1 45 (17.37%) Foreign Exchange (FX)
2 32 (12.36%) Derivative
3 30 (11.58%) Fixed Income
4 28 (10.81%) Equities
5 12 (4.63%) Analytical Skills
5 12 (4.63%) OTC Derivatives
6 11 (4.25%) Fintech
6 11 (4.25%) Hedge funds
7 8 (3.09%) Market Risk
8 7 (2.70%) Equity Derivative
8 7 (2.70%) Management Information System
9 5 (1.93%) Credit Derivative
9 5 (1.93%) Field-Programmable Gate Array
10 4 (1.54%) Credit Risk
10 4 (1.54%) Self-Motivation
11 2 (0.77%) Greenfield Project
11 2 (0.77%) Grid Computing
11 2 (0.77%) Reference Data
11 2 (0.77%) SWIFT
11 2 (0.77%) Virtual Team
Operating Systems
1 29 (11.20%) Linux
2 25 (9.65%) Unix
2 25 (9.65%) Windows
3 3 (1.16%) Windows Server
4 2 (0.77%) CentOS
4 2 (0.77%) Debian
4 2 (0.77%) Red Hat Enterprise Linux
4 2 (0.77%) Ubuntu
Processes & Methodologies
1 50 (19.31%) Agile Software Development
2 42 (16.22%) Business Analysis
3 34 (13.13%) Stakeholder Management
4 30 (11.58%) Asset Management
4 30 (11.58%) Change Management
5 21 (8.11%) Project Management
6 20 (7.72%) Continuous Integration
6 20 (7.72%) Problem-Solving
7 19 (7.34%) Investment Management
8 17 (6.56%) Electronic Trading
8 17 (6.56%) OO
8 17 (6.56%) Wealth Management
9 16 (6.18%) E-Commerce
9 16 (6.18%) Low Latency
10 15 (5.79%) Microservices
10 15 (5.79%) Scrum
11 14 (5.41%) Enterprise Architecture
12 13 (5.02%) Data Analysis
12 13 (5.02%) TDD
12 13 (5.02%) Web Development
Programming Languages
1 68 (26.25%) SQL
2 37 (14.29%) Java
3 36 (13.90%) Python
4 25 (9.65%) C#
5 19 (7.34%) C++
6 17 (6.56%) PL/SQL
7 15 (5.79%) JavaScript
8 12 (4.63%) Shell Script
9 11 (4.25%) Bash Shell
10 7 (2.70%) Perl
11 6 (2.32%) C
12 5 (1.93%) PHP
12 5 (1.93%) PowerShell
13 3 (1.16%) Scala
13 3 (1.16%) VBA
14 2 (0.77%) PHP 5
14 2 (0.77%) PHP 7
14 2 (0.77%) Tcl
15 1 (0.39%) Java 8
15 1 (0.39%) TypeScript
Qualifications
1 7 (2.70%) Degree
2 5 (1.93%) ISEB
3 4 (1.54%) CISA
3 4 (1.54%) CISSP
4 3 (1.16%) (ISC)2 CCSP
4 3 (1.16%) Cisco Certification
4 3 (1.16%) CompTIA Security+
4 3 (1.16%) ISTQB
5 2 (0.77%) Computer Science Degree
5 2 (0.77%) Numerate Degree
5 2 (0.77%) PhD
6 1 (0.39%) CCSP
6 1 (0.39%) CISM
6 1 (0.39%) Novell Certification
6 1 (0.39%) PMI Certification
6 1 (0.39%) PMP
6 1 (0.39%) PRINCE2 Practitioner
6 1 (0.39%) TOGAF Certification
Quality Assurance & Compliance
1 76 (29.34%) EMIR
2 59 (22.78%) Dodd-Frank
3 21 (8.11%) QA
4 14 (5.41%) GDPR
5 6 (2.32%) PMO
5 6 (2.32%) Solvency II
6 5 (1.93%) AIFMD
6 5 (1.93%) FATCA
7 4 (1.54%) Basel III
8 2 (0.77%) Sarbanes-Oxley
9 1 (0.39%) Data Quality
9 1 (0.39%) IFRS
9 1 (0.39%) IFRS 9
9 1 (0.39%) ISO/IEC 27001
9 1 (0.39%) PSD2
System Software
1 6 (2.32%) HDFS
2 5 (1.93%) Docker
3 1 (0.39%) Active Directory
Systems Management
1 5 (1.93%) Ansible
2 1 (0.39%) ITRS Geneos
Vendors
1 28 (10.81%) Oracle
2 24 (9.27%) Microsoft
3 10 (3.86%) Murex
3 10 (3.86%) Perforce
4 8 (3.09%) Bloomberg
4 8 (3.09%) IBM
5 6 (2.32%) RedGate
6 5 (1.93%) Fidessa
7 3 (1.16%) Calypso
7 3 (1.16%) ION Trading
7 3 (1.16%) Sophis
7 3 (1.16%) Tableau
8 2 (0.77%) Alteryx
8 2 (0.77%) Capita
8 2 (0.77%) Sybase
8 2 (0.77%) Zend
9 1 (0.39%) Charles River
9 1 (0.39%) Currenex
9 1 (0.39%) GoldenSource
9 1 (0.39%) TIBCO