The following table provides summary statistics for contract job vacancies advertised in the South West 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 30 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)
England / South West
3 months to
30 Mar 2017
Same period 2016 Same period 2015
Rank 135 - -
Rank change year-on-year - 0  
Contract jobs citing MiFID 3 0 0
As % of all contract IT jobs advertised in the South West 0.12% - -
As % of the Quality Assurance & Compliance category 0.83% - -
Number of daily rates quoted 3 0 0
Median daily rate £500 - -
UK excluding London median daily rate £450 £525 £400
% change year-on-year -14.28% +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 the South West with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
South West
Contract job vacancies with a requirement for quality assurance and compliance skills 363 407 412
As % of all contract IT job vacancies advertised in the South West 13.96% 13.98% 13.19%
Number of daily rates quoted 232 266 259
Median daily rate £375 £375 £434
Median daily rate % change year-on-year - -13.54%  
90% offered a daily rate of more than £211 £244 £245
10% offered a daily rate of more than £515 £538 £673
UK excluding London median daily rate £400 £400 £380
% change year-on-year - +5.26%  
Number of hourly rates quoted 24 36 22
Median hourly rate £27.88 £42.00 £35.50
Median hourly rate % change year-on-year -33.63% +18.30%  
90% offered a hourly rate of more than £11.00 £23.25 £12.57
10% offered a hourly rate of more than £52.50 £50.00 £43.50
UK excluding London median hourly rate £20.00 £40.00 £29.00
% change year-on-year -50.00% +37.93%  

MiFID
Job Vacancy Trend in the South West

The job posting trend of jobs advertised in the South West 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 the South West

MiFID
Contractor Daily Rate Trend in the South West

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

Contractor daily rate trend for MiFID in the South West

MiFID
Contract Job Locations in the South West

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the South West region over the 3 months to 30 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
Wiltshire - 2 £475 -
Gloucestershire - 1 £500 -
MiFID
England

For the 6 months to 30 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 South West region with a requirement for MiFID.

1 9 (100.00%) Finance
2 4 (44.44%) GAP Analysis
3 3 (33.33%) Derivative
4 2 (22.22%) Business Analysis
4 2 (22.22%) Banking
4 2 (22.22%) Stakeholder Management
4 2 (22.22%) Equities
5 1 (11.11%) Management Information System
5 1 (11.11%) Equity Derivative
5 1 (11.11%) OTC Derivatives
5 1 (11.11%) IFRS
5 1 (11.11%) IFRS 9
5 1 (11.11%) Learning Management System
5 1 (11.11%) Stakeholder Engagement
5 1 (11.11%) Test Strategy
5 1 (11.11%) Analytical Skills
5 1 (11.11%) Wealth Management

MiFID
Co-occurring IT Skills in the South West 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:

General
1 9 (100.00%) Finance
2 2 (22.22%) Banking
Job Titles
1 6 (66.67%) Analyst
1 6 (66.67%) Business Analyst
2 5 (55.56%) MiFID Business Analyst
3 3 (33.33%) Finance Business Analyst
3 3 (33.33%) Financial Analyst
4 2 (22.22%) Derivatives Business Analyst
4 2 (22.22%) Project Manager
4 2 (22.22%) Senior Analyst
4 2 (22.22%) Senior Business Analyst
5 1 (11.11%) Commercial Manager
5 1 (11.11%) Equity Derivatives Business Analyst
5 1 (11.11%) Junior
5 1 (11.11%) Junior Analyst
5 1 (11.11%) Junior Business Analyst
5 1 (11.11%) Junior Financial Analyst
5 1 (11.11%) MiFID Project Manager
5 1 (11.11%) OTC Derivatives Analyst
5 1 (11.11%) OTC Derivatives Business Analyst
5 1 (11.11%) Training Manager
5 1 (11.11%) Wealth Management Business Analyst
Miscellaneous
1 3 (33.33%) Derivative
2 2 (22.22%) Equities
3 1 (11.11%) Analytical Skills
3 1 (11.11%) Equity Derivative
3 1 (11.11%) Learning Management System
3 1 (11.11%) Management Information System
3 1 (11.11%) OTC Derivatives
Processes & Methodologies
1 4 (44.44%) GAP Analysis
2 2 (22.22%) Business Analysis
2 2 (22.22%) Stakeholder Management
3 1 (11.11%) Stakeholder Engagement
3 1 (11.11%) Test Strategy
3 1 (11.11%) Wealth Management
Quality Assurance & Compliance
1 1 (11.11%) IFRS
1 1 (11.11%) IFRS 9