Period
to 19 September 2017

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 19 September 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
6 months to
19 Sep 2017
Same period 2016 Same period 2015
Rank 265 605 691
Rank change year-on-year +340 +86 +134
Contract jobs citing MiFID 928 293 215
As % of all contract IT jobs advertised in the UK 0.94% 0.27% 0.19%
As % of the Quality Assurance & Compliance category 7.78% 2.42% 1.62%
Number of daily rates quoted 680 208 157
UK median daily rate £550 £563 £600
Median daily rate % change year-on-year -2.22% -6.25% +2.13%
10th Percentile £405 £363 £445
90th Percentile £725 £719 £750
UK excluding London median daily rate £450 £481 £400
% change year-on-year -6.49% +20.31% +42.86%
Number of hourly rates quoted 1 0 1
UK median hourly rate £25.50 - £17.00
UK excluding London median hourly rate - - £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 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 11929 12110 13306
As % of all contract IT jobs advertised in the UK 12.09% 11.31% 11.73%
Number of daily rates quoted 7775 7860 8470
UK median daily rate £438 £413 £400
Median daily rate % change year-on-year +6.06% +3.13% -
10th Percentile £255 £225 £230
90th Percentile £638 £600 £588
UK excluding London median daily rate £400 £375 £375
% change year-on-year +6.67% - +3.45%
Number of hourly rates quoted 367 433 456
UK median hourly rate £21.90 £24.00 £21.55
Median hourly rate % change year-on-year -8.75% +11.37% +7.75%
10th Percentile £10.63 £10.75 £11.00
90th Percentile £48.93 £46.98 £56.36
UK excluding London median hourly rate £21.00 £25.25 £21.55
% change year-on-year -16.83% +17.17% +7.75%

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 19 September 2017.

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 11 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 19 September 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
England +342 891 £575 - 41
London +219 863 £575 - 37
UK excluding London +81 61 £450 -6.49% 9
Scotland +61 33 £450 +18.03% 4
South East +10 12 £500 -6.98% 3
South West +6 6 £463 -28.85%
North of England +78 5 £400 +3.23% 1
North West +34 5 £400 -38.46% 1
West Midlands - 4 £500 -
Midlands - 4 £500 -
East of England - 1 £425 -

For the 6 months to 19 September 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 with a requirement for MiFID.

1 478 (51.51%) Finance
2 402 (43.32%) Banking
3 279 (30.06%) Front Office
4 220 (23.71%) Investment Banking
5 190 (20.47%) EMIR
6 181 (19.50%) Business Analysis
7 170 (18.32%) Agile Software Development
8 160 (17.24%) Derivative
9 159 (17.13%) Java
10 158 (17.03%) SQL
11 139 (14.98%) Asset Management
12 135 (14.55%) Equities
13 127 (13.69%) Fixed Income
14 118 (12.72%) Foreign Exchange (FX)
15 113 (12.18%) Investment Management
16 112 (12.07%) Stakeholder Management
16 112 (12.07%) Dodd-Frank
17 99 (10.67%) Project Management
18 92 (9.91%) Change Management
19 80 (8.62%) Unix
19 80 (8.62%) FIX Protocol
20 78 (8.41%) QA
21 76 (8.19%) Electronic Trading
22 73 (7.87%) SDLC
23 64 (6.90%) Test Automation
23 64 (6.90%) User Acceptance Testing
24 63 (6.79%) Risk Management
25 60 (6.47%) XML
26 57 (6.14%) Fintech
27 55 (5.93%) Wealth Management

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 13 (1.40%) Apache Spark
1 13 (1.40%) SharePoint
2 12 (1.29%) WebSphere
3 11 (1.19%) Tomcat
4 7 (0.75%) Apache
5 5 (0.54%) Confluence
6 4 (0.43%) MQSeries
7 2 (0.22%) Oracle Workflow
7 2 (0.22%) WebLogic
7 2 (0.22%) WebSphere Application Server
7 2 (0.22%) WildFly
8 1 (0.11%) Elasticsearch
8 1 (0.11%) IIS
Applications
1 33 (3.56%) Microsoft Excel
2 25 (2.69%) Microsoft PowerPoint
3 17 (1.83%) MS Visio
4 16 (1.72%) Microsoft Office
5 7 (0.75%) Microsoft Project
6 5 (0.54%) Spreadsheet
Business Applications
1 22 (2.37%) Markit EDM
2 9 (0.97%) ION MarketView
3 8 (0.86%) Bloomberg TOMS
3 8 (0.86%) IntelliMatch
4 6 (0.65%) thinkFolio
5 5 (0.54%) Endur
6 3 (0.32%) Sentinel
6 3 (0.32%) SunGard GMI
7 2 (0.22%) Eagle PACE
7 2 (0.22%) Summit
7 2 (0.22%) Temenos T24
8 1 (0.11%) Bloomberg AIM
8 1 (0.11%) LatentZero
8 1 (0.11%) SimCorp Dimension
8 1 (0.11%) Temenos Globus
Cloud Services
1 3 (0.32%) npm
2 1 (0.11%) Google Cloud Platform
2 1 (0.11%) SaaS
2 1 (0.11%) Yarn
Communications & Networking
1 15 (1.62%) TCP/IP
2 13 (1.40%) FIX Connectivity
3 6 (0.65%) LAN
4 5 (0.54%) WAN
5 2 (0.22%) Internet
5 2 (0.22%) Intranet
6 1 (0.11%) DSL
6 1 (0.11%) Firewall
6 1 (0.11%) HTTP
6 1 (0.11%) Multicast
6 1 (0.11%) PuTTY
6 1 (0.11%) Remote Desktop
6 1 (0.11%) VLAN
Database & Business Intelligence
1 39 (4.20%) SQL Server
2 26 (2.80%) Blockchain
3 25 (2.69%) Big Data
4 23 (2.48%) Data Warehouse
4 23 (2.48%) Relational Database
5 16 (1.72%) DB2
6 15 (1.62%) Hadoop
7 12 (1.29%) SQL Server Reporting Services
8 10 (1.08%) MongoDB
8 10 (1.08%) Oracle Database
8 10 (1.08%) SQL Server Integration Services
9 9 (0.97%) KDB
9 9 (0.97%) MariaDB
9 9 (0.97%) NoSQL
10 8 (0.86%) HBase
11 5 (0.54%) Data Lake
11 5 (0.54%) Kdb+
11 5 (0.54%) SQL Server 2014
12 4 (0.43%) PostgreSQL
12 4 (0.43%) RDBMS
Development Applications
1 27 (2.91%) Git (software)
2 23 (2.48%) Jenkins
3 21 (2.26%) JIRA
4 18 (1.94%) Maven
5 14 (1.51%) JUnit
6 13 (1.40%) Ant
7 12 (1.29%) Hudson
7 12 (1.29%) Selenium
7 12 (1.29%) TeamCity
8 11 (1.19%) Gradle
9 8 (0.86%) Cucumber
9 8 (0.86%) SpecFlow
10 6 (0.65%) Team Foundation Server
11 5 (0.54%) MSTest
12 4 (0.43%) JBehave
12 4 (0.43%) Subversion
12 4 (0.43%) Visual Studio
13 3 (0.32%) FitNesse
14 2 (0.22%) HP UFT
14 2 (0.22%) NUnit
General
1 478 (51.51%) Finance
2 402 (43.32%) Banking
3 279 (30.06%) Front Office
4 220 (23.71%) Investment Banking
5 54 (5.82%) Back Office
6 52 (5.60%) Financial Institution
7 39 (4.20%) Legal
8 23 (2.48%) Private Banking
9 13 (1.40%) Retail
10 10 (1.08%) Corporate Banking
11 7 (0.75%) French Language
12 5 (0.54%) Retail Banking
13 4 (0.43%) Advertising
13 4 (0.43%) International Banking
13 4 (0.43%) Marketing
14 3 (0.32%) Games
14 3 (0.32%) Manufacturing
15 2 (0.22%) Electronics
15 2 (0.22%) Telecoms
16 1 (0.11%) Pharmaceutical
Job Titles
1 437 (47.09%) Analyst
2 354 (38.15%) Business Analyst
3 210 (22.63%) Developer
4 197 (21.23%) MiFID Business Analyst
5 121 (13.04%) Project Manager
6 112 (12.07%) Java Developer
7 54 (5.82%) MiFID Project Manager
8 50 (5.39%) Regulatory Business Analyst
9 41 (4.42%) Banking Analyst
9 41 (4.42%) Senior Analyst
10 37 (3.99%) Test Analyst
11 35 (3.77%) Senior Developer
12 34 (3.66%) Project Analyst
13 31 (3.34%) Senior Business Analyst
14 30 (3.23%) Architect
15 29 (3.13%) Test Manager
16 27 (2.91%) Front Office Business Analyst
17 26 (2.80%) Business Manager
17 26 (2.80%) Financial Analyst
17 26 (2.80%) IT Analyst
Libraries, Frameworks & Software Standards
1 80 (8.62%) FIX Protocol
2 60 (6.47%) XML
3 44 (4.74%) Spring
4 42 (4.53%) .NET
5 32 (3.45%) FpML
6 23 (2.48%) Kafka
6 23 (2.48%) Middleware
7 22 (2.37%) HTML
7 22 (2.37%) JSON
8 19 (2.05%) HTML5
9 17 (1.83%) Hibernate
10 16 (1.72%) SOAP
11 14 (1.51%) JMS
11 14 (1.51%) Web Services
12 13 (1.40%) Protocol Buffers
13 12 (1.29%) WebSphere MQ
14 11 (1.19%) AngularJS
14 11 (1.19%) RabbitMQ
15 10 (1.08%) REST
15 10 (1.08%) WinForms
Miscellaneous
1 160 (17.24%) Derivative
2 135 (14.55%) Equities
3 127 (13.69%) Fixed Income
4 118 (12.72%) Foreign Exchange (FX)
5 57 (6.14%) Fintech
6 52 (5.60%) Analytical Skills
7 45 (4.85%) OTC Derivatives
8 31 (3.34%) Reference Data
9 22 (2.37%) Equity Derivative
10 21 (2.26%) Market Risk
11 19 (2.05%) Hedge funds
11 19 (2.05%) PMI
12 18 (1.94%) Management Information System
13 16 (1.72%) Greenfield Project
14 14 (1.51%) Computer Science
15 12 (1.29%) N-Tier
16 8 (0.86%) Data Structures
16 8 (0.86%) Exotic Derivative
17 7 (0.75%) Interest Rate Derivative
17 7 (0.75%) SWIFT
Operating Systems
1 80 (8.62%) Unix
2 39 (4.20%) Linux
3 23 (2.48%) Windows
4 1 (0.11%) Red Hat Enterprise Linux
4 1 (0.11%) Solaris
4 1 (0.11%) Windows 7
4 1 (0.11%) Windows Server
4 1 (0.11%) Windows Server 2008
4 1 (0.11%) Windows Server 2012
Processes & Methodologies
1 181 (19.50%) Business Analysis
2 170 (18.32%) Agile Software Development
3 139 (14.98%) Asset Management
4 113 (12.18%) Investment Management
5 112 (12.07%) Stakeholder Management
6 99 (10.67%) Project Management
7 92 (9.91%) Change Management
8 76 (8.19%) Electronic Trading
9 73 (7.87%) SDLC
10 64 (6.90%) Test Automation
10 64 (6.90%) User Acceptance Testing
11 63 (6.79%) Risk Management
12 55 (5.93%) Wealth Management
13 53 (5.71%) Scrum
14 51 (5.50%) Data Modelling
15 49 (5.28%) TDD
16 46 (4.96%) Data Analysis
17 41 (4.42%) OO
18 40 (4.31%) Test Strategy
19 39 (4.20%) Data Management
Programming Languages
1 159 (17.13%) Java
2 158 (17.03%) SQL
3 49 (5.28%) C#
4 48 (5.17%) Python
5 28 (3.02%) C++
6 25 (2.69%) Perl
7 22 (2.37%) JavaScript
8 18 (1.94%) Shell Script
8 18 (1.94%) T-SQL
9 17 (1.83%) Scala
10 7 (0.75%) C
10 7 (0.75%) PL/SQL
11 6 (0.65%) ES6
11 6 (0.65%) VBA
12 4 (0.43%) PowerShell
12 4 (0.43%) TypeScript
13 3 (0.32%) Ruby
13 3 (0.32%) VB
14 2 (0.22%) Tcl
15 1 (0.11%) XPath
Qualifications
1 42 (4.53%) Degree
2 24 (2.59%) PMI Certification
3 19 (2.05%) PMP
4 12 (1.29%) ISEB
5 11 (1.19%) Computer Science Degree
6 5 (0.54%) PRINCE2 Certification
7 4 (0.43%) Numerate Degree
8 3 (0.32%) IIBA
8 3 (0.32%) ISTQB
9 2 (0.22%) ISEB Practitioner
10 1 (0.11%) APMP
10 1 (0.11%) CBAP
10 1 (0.11%) CFA
10 1 (0.11%) Master's Degree
10 1 (0.11%) PRINCE2 Practitioner
Quality Assurance & Compliance
1 190 (20.47%) EMIR
2 112 (12.07%) Dodd-Frank
3 78 (8.41%) QA
4 25 (2.69%) PMO
5 23 (2.48%) FATCA
5 23 (2.48%) GDPR
6 17 (1.83%) AIFMD
7 12 (1.29%) Data Quality
7 12 (1.29%) Solvency II
8 7 (0.75%) IFRS
9 6 (0.65%) UCITS
10 5 (0.54%) Sarbanes-Oxley
11 2 (0.22%) IFRS 9
12 1 (0.11%) Basel II
12 1 (0.11%) CRD IV
System Software
1 2 (0.22%) HDFS
1 2 (0.22%) Virtual Machines
2 1 (0.11%) Active Directory
2 1 (0.11%) Apache ZooKeeper
2 1 (0.11%) Docker
Systems Management
1 10 (1.08%) HP Quality Center
2 5 (0.54%) Control-M
3 1 (0.11%) Kubernetes
3 1 (0.11%) Puppet
Vendors
1 39 (4.20%) Oracle
2 31 (3.34%) Bloomberg
3 27 (2.91%) Microsoft
4 22 (2.37%) Charles River
5 20 (2.16%) Murex
6 18 (1.94%) ION Trading
7 16 (1.72%) Sybase
8 14 (1.51%) Fidessa
9 13 (1.40%) Reuters
10 10 (1.08%) Perforce
11 8 (0.86%) Solace
11 8 (0.86%) TIBCO
12 6 (0.65%) Informatica
13 5 (0.54%) FXall
14 4 (0.43%) Citrix
14 4 (0.43%) Fiserv
14 4 (0.43%) Google
14 4 (0.43%) IBM
14 4 (0.43%) Serena
15 3 (0.32%) SunGard