Period
to 21 November 2017

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 21 November 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
6 months to
21 Nov 2017
Same period 2016 Same period 2015
Rank 155 175 177
Rank change year-on-year +20 +2 +10
Contract jobs citing MiFID 32 6 17
As % of all contract IT jobs advertised in Scotland 0.64% 0.14% 0.28%
As % of the Quality Assurance & Compliance category 4.40% 1.08% 2.12%
Number of daily rates quoted 20 5 6
Scotland median daily rate £425 £338 £538
Median daily rate % change year-on-year +25.93% -37.21% +34.38%
10th Percentile £268 £311 £406
90th Percentile £575 £520 £656
UK median daily rate £575 £575 £600
% change year-on-year - -4.17% +2.13%
Number of hourly rates quoted 0 0 0
Scotland median hourly rate - - -
UK median hourly rate £25.50 - £17.00

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 728 553 803
As % of all contract IT jobs advertised in Scotland 14.48% 12.83% 13.04%
Number of daily rates quoted 418 315 403
Scotland median daily rate £375 £360 £338
Median daily rate % change year-on-year +4.17% +6.67% -10.00%
10th Percentile £170 £153 £180
90th Percentile £546 £492 £488
UK median daily rate £438 £425 £405
% change year-on-year +2.94% +4.94% +1.25%
Number of hourly rates quoted 30 23 13
Scotland median hourly rate £18.63 £25.00 £32.50
Median hourly rate % change year-on-year -25.50% -23.08% +54.76%
10th Percentile £13.00 £16.25 £16.45
90th Percentile £45.05 £40.50 £40.00
UK median hourly rate £20.00 £22.84 £22.50
% change year-on-year -12.42% +1.49% +15.38%

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 21 November 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 6 months to 21 November 2017. 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 +14 25 £425 -
Glasgow -6 7 £275 -16.35% 1
MiFID
UK

For the 6 months to 21 November 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 24 (75.00%) Finance
2 10 (31.25%) Asset Management
3 9 (28.13%) Stakeholder Management
3 9 (28.13%) Front Office
4 8 (25.00%) Banking
5 7 (21.88%) EMIR
5 7 (21.88%) GDPR
6 6 (18.75%) Markit EDM
6 6 (18.75%) FATCA
6 6 (18.75%) Charles River
7 5 (15.63%) Agile Software Development
7 5 (15.63%) Solvency II
8 4 (12.50%) Dodd-Frank
8 4 (12.50%) Target Operating Model
8 4 (12.50%) Fixed Income
8 4 (12.50%) Equities
8 4 (12.50%) User Acceptance Testing
8 4 (12.50%) Business Analysis
8 4 (12.50%) Derivative
8 4 (12.50%) Migration
9 3 (9.38%) GAP Analysis
9 3 (9.38%) Degree
9 3 (9.38%) Mathematics
9 3 (9.38%) Analytical Skills
9 3 (9.38%) Software Delivery
9 3 (9.38%) Mobile Banking
9 3 (9.38%) Big Data
9 3 (9.38%) Investment Management
9 3 (9.38%) Business Process Analysis
10 2 (6.25%) Scenario Testing

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:

Application Platforms
1 1 (3.13%) Confluence
Applications
1 1 (3.13%) Microsoft Excel
Business Applications
1 6 (18.75%) Markit EDM
Database & Business Intelligence
1 3 (9.38%) Big Data
2 2 (6.25%) SQL Server
3 1 (3.13%) DB2
3 1 (3.13%) Relational Database
Development Applications
1 1 (3.13%) Ant
1 1 (3.13%) Git (software)
1 1 (3.13%) Gradle
1 1 (3.13%) Hudson
1 1 (3.13%) Jenkins
1 1 (3.13%) JIRA
1 1 (3.13%) Maven
General
1 24 (75.00%) Finance
2 9 (28.13%) Front Office
3 8 (25.00%) Banking
4 1 (3.13%) Investment Banking
4 1 (3.13%) Pharmaceutical
4 1 (3.13%) Retail
Job Titles
1 17 (53.13%) Analyst
2 13 (40.63%) Business Analyst
3 6 (18.75%) MiFID Business Analyst
4 5 (15.63%) Architect
4 5 (15.63%) Regulatory Business Analyst
4 5 (15.63%) Solutions Architect
5 4 (12.50%) Finance Business Analyst
5 4 (12.50%) Financial Analyst
5 4 (12.50%) Financial Business Analyst
5 4 (12.50%) Financial Services Business Analyst
5 4 (12.50%) Report Analyst
5 4 (12.50%) Service Analyst
6 3 (9.38%) Asset Management Analyst
6 3 (9.38%) Asset Management Business Analyst
6 3 (9.38%) Investment Management Business Analyst
6 3 (9.38%) Project Manager
6 3 (9.38%) Regulatory Reporting Business Analyst
7 2 (6.25%) Test Analyst
8 1 (3.13%) Programme Manager
8 1 (3.13%) Solutions Designer
Libraries, Frameworks & Software Standards
1 2 (6.25%) FIX Protocol
2 1 (3.13%) JSON
2 1 (3.13%) Protocol Buffers
2 1 (3.13%) SOAP
2 1 (3.13%) Spring
2 1 (3.13%) XML
Miscellaneous
1 4 (12.50%) Derivative
1 4 (12.50%) Equities
1 4 (12.50%) Fixed Income
2 3 (9.38%) Analytical Skills
2 3 (9.38%) Mobile Banking
3 1 (3.13%) Management Information System
Operating Systems
1 1 (3.13%) Linux
1 1 (3.13%) Unix
Processes & Methodologies
1 10 (31.25%) Asset Management
2 9 (28.13%) Stakeholder Management
3 5 (15.63%) Agile Software Development
4 4 (12.50%) Business Analysis
4 4 (12.50%) Migration
4 4 (12.50%) Target Operating Model
4 4 (12.50%) User Acceptance Testing
5 3 (9.38%) Business Process Analysis
5 3 (9.38%) GAP Analysis
5 3 (9.38%) Investment Management
5 3 (9.38%) Mathematics
5 3 (9.38%) Software Delivery
6 2 (6.25%) Data Governance
6 2 (6.25%) Project Management
6 2 (6.25%) Scenario Testing
6 2 (6.25%) Test Scripting
7 1 (3.13%) Stakeholder Engagement
7 1 (3.13%) Test Automation
7 1 (3.13%) Test Strategy
7 1 (3.13%) Waterfall
Programming Languages
1 1 (3.13%) Java
1 1 (3.13%) Perl
1 1 (3.13%) Scala
1 1 (3.13%) SQL
Qualifications
1 3 (9.38%) Degree
Quality Assurance & Compliance
1 7 (21.88%) EMIR
1 7 (21.88%) GDPR
2 6 (18.75%) FATCA
3 5 (15.63%) Solvency II
4 4 (12.50%) Dodd-Frank
5 1 (3.13%) AIFMD
5 1 (3.13%) PMO
5 1 (3.13%) PSD2
5 1 (3.13%) QA
Vendors
1 6 (18.75%) Charles River
2 1 (3.13%) Bloomberg
2 1 (3.13%) FNZ
2 1 (3.13%) Oracle
2 1 (3.13%) Perforce
2 1 (3.13%) Sybase