The following table provides summary statistics for contract job vacancies advertised in Scotland with a requirement for MiFID skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited MiFID over the 3 months to 28 March 2017 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)
UK / Scotland
3 months to
28 Mar 2017
Same period 2016 Same period 2015
Rank 98 127 124
Rank change year-on-year +29 -3  
Contract jobs citing MiFID 9 4 6
As % of all contract IT jobs advertised in Scotland 0.51% 0.15% 0.20%
As % of the Quality Assurance & Compliance category 4.52% 1.14% 1.64%
Number of daily rates quoted 3 4 3
Median daily rate £425 £525 £400
Median daily rate % change year-on-year -19.04% +31.25%  
UK excluding London median daily rate £475 £525 £400
% change year-on-year -9.52% +31.25%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

MiFID is in the quality assurance and compliance skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in Scotland with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
Scotland
Contract job vacancies with a requirement for quality assurance and compliance skills 199 352 365
As % of all contract IT job vacancies advertised in Scotland 11.33% 13.57% 12.43%
Number of daily rates quoted 117 184 221
Median daily rate £338 £375 £375
Median daily rate % change year-on-year -10.00% -  
90% offered a daily rate of more than £196 £185 £210
10% offered a daily rate of more than £450 £500 £500
UK excluding London median daily rate £400 £400 £380
% change year-on-year - +5.26%  
Number of hourly rates quoted 2 4 6
Median hourly rate £22.75 £13.50 £33.75
Median hourly rate % change year-on-year +68.51% -60.00%  
90% offered a hourly rate of more than £22.55 £9.18 £20.08
10% offered a hourly rate of more than £22.95 £22.00 £47.50
UK excluding London median hourly rate £19.90 £40.00 £29.00
% change year-on-year -50.25% +37.93%  

MiFID
Job Vacancy Trend in Scotland

The job posting trend of jobs advertised in Scotland citing MiFID as a proportion of all contract or permanent IT jobs with a match in the Quality Assurance & Compliance category.

Job vacancy trend for MiFID in Scotland

MiFID
Contractor Daily Rate Trend in Scotland

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing MiFID in Scotland.

Contractor daily rate trend for MiFID in Scotland

MiFID
Contractor Daily Rate Histogram in Scotland

The daily rate distribution of IT jobs citing MiFID in Scotland over the 3 months to 28 March 2017.

Contractor daily rate histogram for MiFID in Scotland

MiFID
Contract Job Locations in Scotland

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the Scotland region over the 3 months to 28 March 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
Glasgow +9 5 - -
Edinburgh +24 4 £425 -19.04% 3
MiFID
UK

MiFID
Top 30 Co-occurring IT Skills in Scotland

For the 6 months to 28 March 2017, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the Scotland region with a requirement for MiFID.

1 9 (64.29%) Finance
2 7 (50.00%) Stakeholder Management
2 7 (50.00%) Banking
3 6 (42.86%) Agile Software Development
4 5 (35.71%) Spring
4 5 (35.71%) Maven
4 5 (35.71%) JSON
4 5 (35.71%) Git (software)
4 5 (35.71%) Hudson
4 5 (35.71%) Shell Script
4 5 (35.71%) Java
4 5 (35.71%) SQL
4 5 (35.71%) DB2
4 5 (35.71%) Ant
4 5 (35.71%) SOAP
4 5 (35.71%) XML
4 5 (35.71%) Unix
4 5 (35.71%) OOA/OOD
4 5 (35.71%) OO
4 5 (35.71%) Perforce
4 5 (35.71%) Scrum
4 5 (35.71%) Gradle
4 5 (35.71%) Jenkins
4 5 (35.71%) Relational Database
5 4 (28.57%) EMIR
5 4 (28.57%) Dodd-Frank
5 4 (28.57%) Protocol Buffers
5 4 (28.57%) Enterprise Architecture
6 3 (21.43%) Systems Analysis
6 3 (21.43%) Business Analysis

MiFID
Co-occurring IT Skills in Scotland 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:

Database & Business Intelligence
1 5 (35.71%) DB2
1 5 (35.71%) Relational Database
Development Applications
1 5 (35.71%) Ant
1 5 (35.71%) Git (software)
1 5 (35.71%) Gradle
1 5 (35.71%) Hudson
1 5 (35.71%) Jenkins
1 5 (35.71%) Maven
2 1 (7.14%) Concordion
2 1 (7.14%) JBehave
2 1 (7.14%) JUnit
General
1 9 (64.29%) Finance
2 7 (50.00%) Banking
3 2 (14.29%) Legal
4 1 (7.14%) Back Office
4 1 (7.14%) Corporate Banking
4 1 (7.14%) Front Office
4 1 (7.14%) Private Banking
4 1 (7.14%) Retail
4 1 (7.14%) Retail Banking
Job Titles
1 7 (50.00%) Analyst
1 7 (50.00%) Business Analyst
2 5 (35.71%) Developer
2 5 (35.71%) Java Developer
3 3 (21.43%) MiFID Business Analyst
4 2 (14.29%) Business IT Analyst
4 2 (14.29%) IT Analyst
4 2 (14.29%) IT Business Analyst
5 1 (7.14%) Architect
5 1 (7.14%) Asset Management Business Analyst
5 1 (7.14%) Business Architect
5 1 (7.14%) Consultant
5 1 (7.14%) Project Manager
5 1 (7.14%) Senior Analyst
5 1 (7.14%) Senior Business Analyst
5 1 (7.14%) Senior Developer
5 1 (7.14%) Senior Java Developer
5 1 (7.14%) Six Sigma Consultant
5 1 (7.14%) Technical Analyst
5 1 (7.14%) Technical Business Analyst
Libraries, Frameworks & Software Standards
1 5 (35.71%) JSON
1 5 (35.71%) SOAP
1 5 (35.71%) Spring
1 5 (35.71%) XML
2 4 (28.57%) Protocol Buffers
Miscellaneous
1 2 (14.29%) PMI
2 1 (7.14%) Credit Risk
2 1 (7.14%) Derivative
2 1 (7.14%) OTC Derivatives
Operating Systems
1 5 (35.71%) Unix
Processes & Methodologies
1 7 (50.00%) Stakeholder Management
2 6 (42.86%) Agile Software Development
3 5 (35.71%) OO
3 5 (35.71%) OOA/OOD
3 5 (35.71%) Scrum
4 4 (28.57%) Enterprise Architecture
5 3 (21.43%) Business Analysis
5 3 (21.43%) Change Management
5 3 (21.43%) Domain-Driven Design
5 3 (21.43%) Microservices
5 3 (21.43%) Refactoring
5 3 (21.43%) Systems Analysis
6 2 (14.29%) Target Operating Model
6 2 (14.29%) TDD
6 2 (14.29%) Wealth Management
7 1 (7.14%) Asset Management
7 1 (7.14%) Automated Testing
7 1 (7.14%) Data Analysis
7 1 (7.14%) Release Management
7 1 (7.14%) User Acceptance Testing
Programming Languages
1 5 (35.71%) Java
1 5 (35.71%) Shell Script
1 5 (35.71%) SQL
Qualifications
1 2 (14.29%) PMI Certification
2 1 (7.14%) Six Sigma Black Belt
Quality Assurance & Compliance
1 4 (28.57%) Dodd-Frank
1 4 (28.57%) EMIR
2 2 (14.29%) PMO
3 1 (7.14%) GDPR
3 1 (7.14%) QA
System Software
1 1 (7.14%) Docker
Vendors
1 5 (35.71%) Perforce
2 1 (7.14%) Charles River
Edinburgh, Midlothian
Hydrogen Group
Rate: £400.00 - £500.00 per day
Posted: 1 hour ago
Edinburgh, Midlothian
Hydrogen Group
Rate: £400.00 - £500.00 per day
Posted: 3 days ago
Edinburgh, Midlothian
Hydrogen Group
Rate: £400.00 - £500.00 per day
Posted: 4 days ago