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 27 June 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
27 Jun 2017
Same period 2016 Same period 2015
Rank 93 146 133
Rank change year-on-year +53 -13  
Contract jobs citing MiFID 20 1 1
As % of all contract IT jobs advertised in Scotland 0.91% 0.034% 0.034%
As % of the Quality Assurance & Compliance category 6.80% 0.21% 0.24%
Number of daily rates quoted 12 1 1
Median daily rate £419 £425 £400
Median daily rate % change year-on-year -1.47% +6.25%  
UK excluding London median daily rate £450 £481 £550
% change year-on-year -6.49% -12.50%  
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 294 467 420
As % of all contract IT job vacancies advertised in Scotland 13.40% 15.89% 14.21%
Number of daily rates quoted 159 258 215
Median daily rate £375 £350 £350
Median daily rate % change year-on-year +7.14% -  
90% offered a daily rate of more than £125 £205 £197
10% offered a daily rate of more than £494 £500 £450
UK excluding London median daily rate £400 £380 £375
% change year-on-year +5.26% +1.33%  
Number of hourly rates quoted 9 3 3
Median hourly rate £25.00 £19.50 £20.00
Median hourly rate % change year-on-year +28.20% -2.50%  
90% offered a hourly rate of more than £13.75 £15.30 £18.80
10% offered a hourly rate of more than £43.00 £19.50 £38.00
UK excluding London median hourly rate £25.00 £28.00 £21.78
% change year-on-year -10.71% +28.58%  

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 27 June 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 27 June 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 - 11 £388 - 4
Edinburgh +30 9 £450 +5.88%
MiFID
UK

For the 6 months to 27 June 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 19 (65.52%) Finance
2 18 (62.07%) Stakeholder Management
3 15 (51.72%) EMIR
4 13 (44.83%) Banking
5 11 (37.93%) Dodd-Frank
6 10 (34.48%) Business Analysis
6 10 (34.48%) Change Management
7 9 (31.03%) Perforce
7 9 (31.03%) Scrum
7 9 (31.03%) Shell Script
7 9 (31.03%) Java
7 9 (31.03%) SQL
7 9 (31.03%) DB2
7 9 (31.03%) Ant
7 9 (31.03%) SOAP
7 9 (31.03%) XML
7 9 (31.03%) Unix
7 9 (31.03%) OOA/OOD
7 9 (31.03%) OO
7 9 (31.03%) Enterprise Architecture
7 9 (31.03%) Spring
7 9 (31.03%) Maven
7 9 (31.03%) JSON
7 9 (31.03%) Agile Software Development
7 9 (31.03%) Git (software)
7 9 (31.03%) Hudson
7 9 (31.03%) Gradle
7 9 (31.03%) Protocol Buffers
7 9 (31.03%) Jenkins
7 9 (31.03%) Relational Database

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:

Applications
1 1 (3.45%) Microsoft Excel
Database & Business Intelligence
1 9 (31.03%) DB2
1 9 (31.03%) Relational Database
2 2 (6.90%) Big Data
Development Applications
1 9 (31.03%) Ant
1 9 (31.03%) Git (software)
1 9 (31.03%) Gradle
1 9 (31.03%) Hudson
1 9 (31.03%) Jenkins
1 9 (31.03%) Maven
General
1 19 (65.52%) Finance
2 13 (44.83%) Banking
3 6 (20.69%) Legal
4 3 (10.34%) Front Office
5 2 (6.90%) Investment Banking
6 1 (3.45%) Back Office
6 1 (3.45%) Private Banking
Job Titles
1 15 (51.72%) Analyst
1 15 (51.72%) Business Analyst
2 9 (31.03%) Developer
2 9 (31.03%) Java Developer
2 9 (31.03%) MiFID Business Analyst
3 5 (17.24%) Regulatory Business Analyst
4 4 (13.79%) Project Manager
4 4 (13.79%) Senior Developer
4 4 (13.79%) Senior Java Developer
5 3 (10.34%) Designer
5 3 (10.34%) Senior Designer
6 2 (6.90%) Regulatory Reporting Business Analyst
6 2 (6.90%) Report Analyst
7 1 (3.45%) Asset Management Analyst
7 1 (3.45%) Asset Management Business Analyst
7 1 (3.45%) Finance Business Analyst
7 1 (3.45%) Financial Services Business Analyst
7 1 (3.45%) Programme Manager
7 1 (3.45%) Report Manager
7 1 (3.45%) Senior Analyst
Libraries, Frameworks & Software Standards
1 9 (31.03%) JSON
1 9 (31.03%) Protocol Buffers
1 9 (31.03%) SOAP
1 9 (31.03%) Spring
1 9 (31.03%) XML
2 1 (3.45%) J2EE
Miscellaneous
1 2 (6.90%) Analytical Skills
1 2 (6.90%) Mobile Banking
1 2 (6.90%) PMI
2 1 (3.45%) Derivative
2 1 (3.45%) Fintech
2 1 (3.45%) Management Information System
2 1 (3.45%) OTC Derivatives
Operating Systems
1 9 (31.03%) Unix
Processes & Methodologies
1 18 (62.07%) Stakeholder Management
2 10 (34.48%) Business Analysis
2 10 (34.48%) Change Management
3 9 (31.03%) Agile Software Development
3 9 (31.03%) Enterprise Architecture
3 9 (31.03%) OO
3 9 (31.03%) OOA/OOD
3 9 (31.03%) Scrum
4 8 (27.59%) Asset Management
5 7 (24.14%) Project Management
6 4 (13.79%) Data Analysis
6 4 (13.79%) Data Modelling
6 4 (13.79%) Domain-Driven Design
6 4 (13.79%) Microservices
6 4 (13.79%) Portfolio Management
6 4 (13.79%) Refactoring
6 4 (13.79%) Release Management
6 4 (13.79%) TDD
7 3 (10.34%) Anti-Money Laundering
8 2 (6.90%) Business Process Analysis
Programming Languages
1 9 (31.03%) Java
1 9 (31.03%) Shell Script
1 9 (31.03%) SQL
Qualifications
1 2 (6.90%) Degree
1 2 (6.90%) PMI Certification
Quality Assurance & Compliance
1 15 (51.72%) EMIR
2 11 (37.93%) Dodd-Frank
3 4 (13.79%) FATCA
4 2 (6.90%) PMO
5 1 (3.45%) GDPR
Vendors
1 9 (31.03%) Perforce