Period
to 17 November 2017

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 6 months to 17 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)
England > South West
6 months to
17 Nov 2017
Same period 2016 Same period 2015
Rank 198 199 218
Rank change year-on-year +1 +19 -5
Contract jobs citing MiFID 4 6 7
As % of all contract IT jobs advertised in the South West 0.071% 0.10% 0.11%
As % of the Quality Assurance & Compliance category 0.53% 0.77% 0.81%
Number of daily rates quoted 2 10 7
South West median daily rate £363 £525 £600
Median daily rate % change year-on-year -30.95% -12.50% +445.45%
England median daily rate £575 £575 £600
% change year-on-year - -4.17% +4.35%
Number of hourly rates quoted 0 0 0
South West median hourly rate - - -
England 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 the South West with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
South West
Contract vacancies with a requirement for quality assurance or compliance skills 748 784 860
As % of all contract IT jobs advertised in the South West 13.21% 13.48% 12.99%
Number of daily rates quoted 475 567 613
South West median daily rate £410 £390 £375
Median daily rate % change year-on-year +5.13% +4.00% -6.07%
10th Percentile £258 £210 £213
90th Percentile £575 £550 £530
England median daily rate £450 £425 £413
% change year-on-year +5.88% +3.03% +3.13%
Number of hourly rates quoted 37 42 33
South West median hourly rate £35.00 £38.00 £40.00
Median hourly rate % change year-on-year -7.89% -5.00% +56.86%
10th Percentile £13.30 £11.00 £12.50
90th Percentile £47.50 £58.33 £45.00
England median hourly rate £20.00 £22.84 £21.60
% change year-on-year -12.42% +5.74% +9.34%

MiFID
Job Vacancy Trend in the South West

Job postings citing MiFID as a percentage of all IT jobs advertised in the South West.

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 6 months to 17 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
Wiltshire -1 3 £425 -
Somerset -10 1 £300 -42.86%
MiFID
England

For the 6 months to 17 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 South West region with a requirement for MiFID.

1 4 (100.00%) Finance
2 1 (25.00%) HP Quality Center
2 1 (25.00%) IIBA
2 1 (25.00%) SDLC
2 1 (25.00%) GDPR
2 1 (25.00%) PSD2
2 1 (25.00%) ISEB
2 1 (25.00%) PMI
2 1 (25.00%) PMI Certification
2 1 (25.00%) Banking
2 1 (25.00%) Business Analysis

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 4 (100.00%) Finance
2 1 (25.00%) Banking
Job Titles
1 4 (100.00%) Analyst
2 3 (75.00%) Business Analyst
3 2 (50.00%) MiFID Business Analyst
4 1 (25.00%) Test Analyst
Miscellaneous
1 1 (25.00%) PMI
Processes & Methodologies
1 1 (25.00%) Business Analysis
1 1 (25.00%) SDLC
Qualifications
1 1 (25.00%) IIBA
1 1 (25.00%) ISEB
1 1 (25.00%) PMI Certification
Quality Assurance & Compliance
1 1 (25.00%) GDPR
1 1 (25.00%) PSD2
Systems Management
1 1 (25.00%) HP Quality Center