Period
to 17 August 2019

The following table provides summary statistics for contract job vacancies 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 August 2019 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
6 months to
17 Aug 2019
Same period 2018 Same period 2017
Rank 720 703 280
Rank change year-on-year -17 -423 +364
Contract jobs citing MiFID 124 204 898
As % of all contract IT jobs advertised in the UK 0.14% 0.20% 0.94%
As % of the Quality Assurance & Compliance category 1.32% 1.74% 7.89%
Number of daily rates quoted 96 149 660
UK median daily rate £600 £575 £575
Median daily rate % change year-on-year +4.35% - +4.55%
10th Percentile £444 £424 £413
90th Percentile £700 £753 £725
UK excluding London median daily rate £588 £475 £450
% change year-on-year +23.68% +5.56% -6.49%
Number of hourly rates quoted 2 0 1
UK median hourly rate £19.33 - £25.50
10th Percentile £18.32 - £23.75
90th Percentile £20.33 - £27.25
UK excluding London 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 with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK
Contract vacancies with a requirement for quality assurance or compliance skills 9,370 11,742 11,379
As % of all contract IT jobs advertised in the UK 10.28% 11.39% 11.89%
Number of daily rates quoted 5,819 7,447 7,374
UK median daily rate £450 £450 £448
Median daily rate % change year-on-year - +0.56% +8.48%
10th Percentile £225 £250 £250
90th Percentile £638 £638 £638
UK excluding London median daily rate £420 £400 £395
% change year-on-year +5.00% +1.27% +5.33%
Number of hourly rates quoted 414 385 362
UK median hourly rate £22.36 £22.30 £21.95
Median hourly rate % change year-on-year +0.25% +1.59% -2.44%
10th Percentile £11.00 £11.16 £11.01
90th Percentile £53.75 £51.90 £50.00
UK excluding London median hourly rate £25.12 £20.09 £21.50
% change year-on-year +25.07% -6.58% -6.52%

MiFID
Job Vacancy Trend

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

Job vacancy trend for MiFID in the UK

MiFID
Contractor Daily Rate Trend

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

Contractor daily rate trend for MiFID in the UK

MiFID
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing MiFID over the 6 months to 17 August 2019.

Contractor daily rate histogram for MiFID in the UK

MiFID
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing MiFID.

Contractor hourly rate trend for MiFID in the UK

MiFID
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the UK over the 6 months to 17 August 2019. 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
England -14 124 £600 +1.05% 9
London -11 118 £600 +1.05% 9
UK excluding London +23 6 £588 +23.68%
North of England - 4 £588 -
North West - 4 £588 -
South East +22 2 - -

For the 6 months to 17 August 2019, 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 with a requirement for MiFID.

1 68 (54.84%) Finance
2 51 (41.13%) Banking
3 50 (40.32%) EMIR
4 37 (29.84%) Agile Software Development
5 28 (22.58%) SQL
6 23 (18.55%) Asset Management
6 23 (18.55%) Derivative
7 20 (16.13%) Investment Management
8 19 (15.32%) Financial Institution
9 18 (14.52%) Stakeholder Management
9 18 (14.52%) Business Analysis
9 18 (14.52%) Dodd-Frank
10 16 (12.90%) Investment Banking
10 16 (12.90%) Front Office
11 14 (11.29%) Java
11 14 (11.29%) Project Management
11 14 (11.29%) QA
11 14 (11.29%) Problem-Solving
12 13 (10.48%) Foreign Exchange (FX)
13 12 (9.68%) Equities
13 12 (9.68%) Data Analysis
13 12 (9.68%) TDD
13 12 (9.68%) Data Mapping
14 11 (8.87%) OTC Derivatives
14 11 (8.87%) JIRA
14 11 (8.87%) Migration
14 11 (8.87%) Data Warehouse
14 11 (8.87%) Python
15 10 (8.06%) ASIC
15 10 (8.06%) SQL Server Reporting Services

MiFID
Co-occurring IT Skills 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 6 (4.84%) Apache Spark
1 6 (4.84%) Elasticsearch
2 5 (4.03%) Apache
2 5 (4.03%) Confluence
3 1 (0.81%) MS Project Server
3 1 (0.81%) Oracle Coherence
Applications
1 7 (5.65%) Microsoft Office
1 7 (5.65%) Microsoft Project
2 6 (4.84%) Microsoft Excel
3 2 (1.61%) MS Visio
4 1 (0.81%) Microsoft PowerPoint
Business Applications
1 4 (3.23%) thinkFolio
2 3 (2.42%) Markit EDM
3 1 (0.81%) Global One
3 1 (0.81%) Kondor
3 1 (0.81%) SunGard APT
Cloud Services
1 3 (2.42%) Amazon AWS
1 3 (2.42%) Office 365
Communications & Networking
1 4 (3.23%) Firewall
1 4 (3.23%) LAN
1 4 (3.23%) Skype
1 4 (3.23%) Unified Communications
1 4 (3.23%) WAN
2 2 (1.61%) BGP
2 2 (1.61%) Cisco Nexus
Database & Business Intelligence
1 11 (8.87%) Data Warehouse
2 10 (8.06%) SQL Server Integration Services
2 10 (8.06%) SQL Server Reporting Services
3 6 (4.84%) SQL Server
4 3 (2.42%) Big Data
4 3 (2.42%) Relational Database
5 2 (1.61%) MS Access
5 2 (1.61%) MySQL
5 2 (1.61%) RDBMS
6 1 (0.81%) Hadoop
Development Applications
1 11 (8.87%) JIRA
2 2 (1.61%) Cucumber
2 2 (1.61%) Git (software)
2 2 (1.61%) Jenkins
2 2 (1.61%) Maven
2 2 (1.61%) Subversion
General
1 68 (54.84%) Finance
2 51 (41.13%) Banking
3 19 (15.32%) Financial Institution
4 16 (12.90%) Front Office
4 16 (12.90%) Investment Banking
5 5 (4.03%) Legal
6 3 (2.42%) Back Office
7 2 (1.61%) Advertising
7 2 (1.61%) Private Banking
7 2 (1.61%) Telecoms
8 1 (0.81%) French Language
8 1 (0.81%) German Language
8 1 (0.81%) International Banking
8 1 (0.81%) Italian Language
8 1 (0.81%) Prime Brokerage
8 1 (0.81%) Retail
8 1 (0.81%) Spanish Language
Job Titles
1 51 (41.13%) Analyst
2 37 (29.84%) Business Analyst
3 27 (21.77%) Developer
4 12 (9.68%) Project Manager
4 12 (9.68%) Regulatory Business Analyst
5 9 (7.26%) Report Analyst
6 8 (6.45%) Java Developer
6 8 (6.45%) MiFID Business Analyst
7 6 (4.84%) Report Developer
8 5 (4.03%) Data Analyst
8 5 (4.03%) Programmer
8 5 (4.03%) Python Developer
8 5 (4.03%) React Developer
8 5 (4.03%) Senior Business Analyst
8 5 (4.03%) Technical Analyst
9 4 (3.23%) Angular Developer
9 4 (3.23%) Asset Management Analyst
9 4 (3.23%) Finance Business Analyst
9 4 (3.23%) Investment Banking Java Developer
9 4 (3.23%) LAN Engineer
Libraries, Frameworks & Software Standards
1 10 (8.06%) FIX Protocol
2 7 (5.65%) XML
3 6 (4.84%) React
3 6 (4.84%) Spring
4 5 (4.03%) AngularJS
5 4 (3.23%) SOAP
6 3 (2.42%) Hibernate
7 2 (1.61%) Apache Camel
7 2 (1.61%) CSS
7 2 (1.61%) HTML
7 2 (1.61%) J2EE
7 2 (1.61%) JMS
7 2 (1.61%) Middleware
7 2 (1.61%) REST
7 2 (1.61%) RESTful
7 2 (1.61%) Spring Integration
7 2 (1.61%) Web Services
7 2 (1.61%) XML Messaging
8 1 (0.81%) .NET
8 1 (0.81%) Kafka
Miscellaneous
1 23 (18.55%) Derivative
2 13 (10.48%) Foreign Exchange (FX)
3 12 (9.68%) Equities
4 11 (8.87%) OTC Derivatives
5 10 (8.06%) ASIC
6 9 (7.26%) Analytical Skills
7 7 (5.65%) Greenfield Project
7 7 (5.65%) Hedge funds
8 6 (4.84%) Equity Derivative
9 5 (4.03%) Reference Data
10 3 (2.42%) Grid Computing
10 3 (2.42%) Interest Rate Derivative
11 2 (1.61%) BYOD
11 2 (1.61%) Data Centre
11 2 (1.61%) Data Protection Act
11 2 (1.61%) Fixed Income
11 2 (1.61%) SWIFT
11 2 (1.61%) Tandem
11 2 (1.61%) Video Conferencing
12 1 (0.81%) User Experience
Operating Systems
1 7 (5.65%) Unix
2 3 (2.42%) Windows
Processes & Methodologies
1 37 (29.84%) Agile Software Development
2 23 (18.55%) Asset Management
3 20 (16.13%) Investment Management
4 18 (14.52%) Business Analysis
4 18 (14.52%) Stakeholder Management
5 14 (11.29%) Problem-Solving
5 14 (11.29%) Project Management
6 12 (9.68%) Data Analysis
6 12 (9.68%) Data Mapping
6 12 (9.68%) TDD
7 11 (8.87%) Migration
8 8 (6.45%) OO
8 8 (6.45%) Scrum
8 8 (6.45%) User Acceptance Testing
9 7 (5.65%) Electronic Trading
9 7 (5.65%) User Stories
10 6 (4.84%) Algorithmic Trading
10 6 (4.84%) Data Development
10 6 (4.84%) E-Commerce
10 6 (4.84%) GAP Analysis
Programming Languages
1 28 (22.58%) SQL
2 14 (11.29%) Java
3 11 (8.87%) Python
4 6 (4.84%) Perl
5 5 (4.03%) VBA
6 4 (3.23%) C#
7 3 (2.42%) AWK
7 3 (2.42%) C-shell
7 3 (2.42%) Java 8
7 3 (2.42%) Scala
8 1 (0.81%) JavaScript
8 1 (0.81%) VB.NET
Qualifications
1 4 (3.23%) Degree
2 3 (2.42%) HNC
2 3 (2.42%) HND
3 2 (1.61%) PMP
4 1 (0.81%) CFA
Quality Assurance & Compliance
1 50 (40.32%) EMIR
2 18 (14.52%) Dodd-Frank
3 14 (11.29%) QA
4 8 (6.45%) AIFMD
5 6 (4.84%) GDPR
6 5 (4.03%) UCITS
7 3 (2.42%) Basel III
7 3 (2.42%) FATCA
7 3 (2.42%) ISO 20022
8 2 (1.61%) PMO
9 1 (0.81%) Sarbanes-Oxley
9 1 (0.81%) SEPA
9 1 (0.81%) TARGET2
Vendors
1 9 (7.26%) Microsoft
2 5 (4.03%) Avaya
2 5 (4.03%) Red Box
2 5 (4.03%) Tableau
2 5 (4.03%) Verint
3 4 (3.23%) Bloomberg
3 4 (3.23%) BT
3 4 (3.23%) CheckPoint
3 4 (3.23%) Speakerbus
4 3 (2.42%) GoldenSource
4 3 (2.42%) Murex
4 3 (2.42%) Oracle
5 2 (1.61%) Cisco
5 2 (1.61%) Google
5 2 (1.61%) ION Trading
5 2 (1.61%) MuleSoft
5 2 (1.61%) Palo Alto
6 1 (0.81%) Charles River
6 1 (0.81%) SimCorp
6 1 (0.81%) Tradeweb