Period
to 20 June 2018

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 6 months to 20 June 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)
UK > Scotland
6 months to
20 Jun 2018
Same period 2017 Same period 2016
Rank 188 134 201
Rank change year-on-year -54 +67 -18
Contract jobs citing MiFID 14 27 4
As % of all contract IT jobs advertised in Scotland 0.27% 0.71% 0.073%
As % of the Quality Assurance & Compliance category 1.90% 5.78% 0.49%
Number of daily rates quoted 8 14 4
Scotland median daily rate £475 £438 £525
Median daily rate % change year-on-year +8.57% -16.67% +31.25%
10th Percentile £459 £373 £369
90th Percentile £544 £548 £568
UK median daily rate £575 £575 £550
% change year-on-year - +4.55% -12.00%
Number of hourly rates quoted 0 0 0
Scotland median hourly rate - - -
UK 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 Scotland with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
Scotland
Contract vacancies with a requirement for quality assurance or compliance skills 735 467 811
As % of all contract IT jobs advertised in Scotland 13.94% 12.21% 14.76%
Number of daily rates quoted 451 259 437
Scotland median daily rate £375 £360 £350
Median daily rate % change year-on-year +4.17% +2.86% -
10th Percentile £200 £148 £195
90th Percentile £550 £488 £500
UK median daily rate £450 £438 £400
% change year-on-year +2.86% +9.38% -
Number of hourly rates quoted 26 11 7
Scotland median hourly rate £21.62 £23.00 £14.25
Median hourly rate % change year-on-year -6.02% +61.46% -49.13%
10th Percentile £10.69 £13.75 £9.27
90th Percentile £68.13 £43.75 £21.35
UK median hourly rate £23.50 £20.00 £24.12
% change year-on-year +17.50% -17.06% +12.16%

MiFID
Job Vacancy Trend in Scotland

Job postings citing MiFID as a percentage of all IT jobs advertised in Scotland.

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 6 months to 20 June 2018.

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 6 months to 20 June 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
Edinburgh -25 10 £475 +5.56%
Glasgow -31 4 £450 +16.13%
MiFID
UK

For the 6 months to 20 June 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 Scotland region with a requirement for MiFID.

1 11 (78.57%) Finance
2 9 (64.29%) Asset Management
3 8 (57.14%) Front Office
3 8 (57.14%) Stakeholder Management
4 7 (50.00%) FATCA
5 6 (42.86%) GDPR
5 6 (42.86%) Target Operating Model
5 6 (42.86%) Migration
5 6 (42.86%) Solvency II
5 6 (42.86%) Derivative
5 6 (42.86%) Equities
5 6 (42.86%) Agile Software Development
5 6 (42.86%) Fixed Income
6 4 (28.57%) Scrum
6 4 (28.57%) Banking
6 4 (28.57%) Data Analysis
6 4 (28.57%) User Stories
6 4 (28.57%) EMIR
6 4 (28.57%) Dodd-Frank
7 2 (14.29%) Markit EDM
7 2 (14.29%) FIX Protocol
7 2 (14.29%) Charles River
8 1 (7.14%) PMI
8 1 (7.14%) PMI Certification
8 1 (7.14%) Risk Management
8 1 (7.14%) Legal
8 1 (7.14%) Fund Management
8 1 (7.14%) Investment Management
8 1 (7.14%) Investment Banking
8 1 (7.14%) Tandem

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:

Business Applications
1 2 (14.29%) Markit EDM
General
1 11 (78.57%) Finance
2 8 (57.14%) Front Office
3 4 (28.57%) Banking
4 1 (7.14%) Investment Banking
4 1 (7.14%) Legal
Job Titles
1 10 (71.43%) Business Analyst
2 9 (64.29%) Analyst
3 7 (50.00%) Asset Management Analyst
3 7 (50.00%) Asset Management Business Analyst
4 6 (42.86%) Investment Management Business Analyst
5 2 (14.29%) Architect
5 2 (14.29%) Senior Analyst
5 2 (14.29%) Senior Business Analyst
5 2 (14.29%) Solutions Architect
6 1 (7.14%) Business IT Analyst
6 1 (7.14%) IT Analyst
6 1 (7.14%) IT Business Analyst
6 1 (7.14%) Operations Analyst
6 1 (7.14%) Operations Business Analyst
6 1 (7.14%) Programme Manager
6 1 (7.14%) Project Manager
6 1 (7.14%) Senior IT Business Analyst
Libraries, Frameworks & Software Standards
1 2 (14.29%) FIX Protocol
Miscellaneous
1 6 (42.86%) Derivative
1 6 (42.86%) Equities
1 6 (42.86%) Fixed Income
2 1 (7.14%) PMI
2 1 (7.14%) Tandem
Processes & Methodologies
1 9 (64.29%) Asset Management
2 8 (57.14%) Stakeholder Management
3 6 (42.86%) Agile Software Development
3 6 (42.86%) Migration
3 6 (42.86%) Target Operating Model
4 4 (28.57%) Data Analysis
4 4 (28.57%) Scrum
4 4 (28.57%) User Stories
5 1 (7.14%) Anti-Money Laundering
5 1 (7.14%) Fund Management
5 1 (7.14%) Investment Management
5 1 (7.14%) Risk Management
5 1 (7.14%) Trade Surveillance
Qualifications
1 1 (7.14%) PMI Certification
Quality Assurance & Compliance
1 7 (50.00%) FATCA
2 6 (42.86%) GDPR
2 6 (42.86%) Solvency II
3 4 (28.57%) Dodd-Frank
3 4 (28.57%) EMIR
Vendors
1 2 (14.29%) Charles River