Period
to 19 February 2018

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 February 2018 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 Feb 2018
Same period 2017 Same period 2016
Rank 403 354 530
Rank change year-on-year -49 +176 +269
Contract jobs citing MiFID 566 590 396
As % of all contract IT jobs advertised in the UK 0.56% 0.62% 0.37%
As % of the Quality Assurance & Compliance category 4.34% 5.36% 3.07%
Number of daily rates quoted 438 452 246
UK median daily rate £575 £575 £600
Median daily rate % change year-on-year - -4.17% +4.35%
10th Percentile £397 £450 £425
90th Percentile £750 £725 £725
UK excluding London median daily rate £450 £500 £600
% change year-on-year -10.00% -16.67% +45.45%
Number of hourly rates quoted 0 0 1
UK median hourly rate - - £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 13,055 11,014 12,882
As % of all contract IT jobs advertised in the UK 12.96% 11.65% 11.93%
Number of daily rates quoted 8,546 7,205 8,060
UK median daily rate £450 £425 £400
Median daily rate % change year-on-year +5.88% +6.25% -
10th Percentile £259 £225 £230
90th Percentile £630 £625 £588
UK excluding London median daily rate £400 £400 £375
% change year-on-year - +6.67% +2.74%
Number of hourly rates quoted 362 385 464
UK median hourly rate £21.50 £21.50 £25.25
Median hourly rate % change year-on-year - -14.85% +21.69%
10th Percentile £11.78 £10.93 £11.36
90th Percentile £57.25 £48.75 £53.53
UK excluding London median hourly rate £22.85 £22.45 £25.50
% change year-on-year +1.76% -11.96% +27.50%

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 February 2018.

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 12 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 February 2018. 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 -32 541 £583 -2.92% 32
London -42 520 £600 - 31
UK excluding London +23 44 £450 -10.00% 1
Scotland -11 21 £475 +20.25%
South East +1 12 £425 -26.09%
North of England +34 4 £334 -34.93%
North West +11 4 £334 -36.48%
Midlands - 3 £445 - 1
West Midlands - 2 £500 - 1
East of England - 2 £500 -
Northern Ireland - 1 £840 -
Channel Islands - 1 £575 -

For the 6 months to 19 February 2018, 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.

1 299 (52.83%) Finance
2 267 (47.17%) Banking
3 170 (30.04%) Front Office
4 133 (23.50%) EMIR
5 131 (23.14%) Investment Banking
6 118 (20.85%) SQL
7 111 (19.61%) Derivative
8 109 (19.26%) Foreign Exchange (FX)
9 108 (19.08%) Agile Software Development
10 96 (16.96%) Fixed Income
11 92 (16.25%) Equities
12 85 (15.02%) Java
13 84 (14.84%) Business Analysis
14 81 (14.31%) Stakeholder Management
15 79 (13.96%) Dodd-Frank
16 69 (12.19%) Asset Management
16 69 (12.19%) .NET
16 69 (12.19%) Project Management
17 65 (11.48%) C#
18 64 (11.31%) Change Management
19 57 (10.07%) Back Office
20 51 (9.01%) Python
21 46 (8.13%) SQL Server
21 46 (8.13%) Investment Management
22 45 (7.95%) User Acceptance Testing
22 45 (7.95%) FIX Protocol
22 45 (7.95%) Blockchain
23 44 (7.77%) Linux
24 42 (7.42%) QA
25 39 (6.89%) GDPR

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 12 (2.12%) IIS
2 7 (1.24%) WebSphere
3 6 (1.06%) Apache
3 6 (1.06%) Confluence
3 6 (1.06%) SharePoint
3 6 (1.06%) WildFly
4 2 (0.35%) MQSeries
4 2 (0.35%) MQSI
4 2 (0.35%) Tomcat
5 1 (0.18%) Apache Spark
Applications
1 21 (3.71%) Microsoft Excel
2 12 (2.12%) Microsoft PowerPoint
3 11 (1.94%) Microsoft Project
3 11 (1.94%) MS Visio
4 9 (1.59%) Microsoft Office
5 3 (0.53%) Spreadsheet
Business Applications
1 10 (1.77%) Summit
2 8 (1.41%) ION MarketView
3 7 (1.24%) SunGard GMI
4 6 (1.06%) Markit EDM
5 5 (0.88%) Bloomberg TOMS
5 5 (0.88%) Minerva
5 5 (0.88%) Sentinel
6 1 (0.18%) IntelliMatch
6 1 (0.18%) RMDS
Cloud Services
1 1 (0.18%) Microsoft Azure
Communications & Networking
1 11 (1.94%) FIX Connectivity
2 5 (0.88%) LAN
2 5 (0.88%) PPP
2 5 (0.88%) TCP/IP
3 4 (0.71%) WAN
4 2 (0.35%) VoIP
5 1 (0.18%) GSM
5 1 (0.18%) Intranet
5 1 (0.18%) Remote Desktop
Database & Business Intelligence
1 46 (8.13%) SQL Server
2 45 (7.95%) Blockchain
3 19 (3.36%) SQL Server Integration Services
4 17 (3.00%) SQL Server Reporting Services
5 16 (2.83%) Big Data
6 14 (2.47%) Data Warehouse
7 11 (1.94%) Hadoop
8 10 (1.77%) Relational Database
9 9 (1.59%) DB2
10 5 (0.88%) HBase
11 4 (0.71%) Apache Hive
11 4 (0.71%) KDB
11 4 (0.71%) Kdb+
12 2 (0.35%) MongoDB
12 2 (0.35%) MySQL
12 2 (0.35%) NoSQL
12 2 (0.35%) Oracle Database
12 2 (0.35%) Oracle Database 11g
12 2 (0.35%) RDBMS
12 2 (0.35%) SQL Server 2014
Development Applications
1 29 (5.12%) JIRA
2 15 (2.65%) Jenkins
2 15 (2.65%) Selenium
3 11 (1.94%) Cucumber
3 11 (1.94%) Maven
3 11 (1.94%) TeamCity
4 10 (1.77%) Ant
4 10 (1.77%) Git (software)
5 9 (1.59%) Hudson
6 8 (1.41%) Gradle
6 8 (1.41%) Visual Studio
7 7 (1.24%) Team Foundation Server
8 3 (0.53%) FitNesse
8 3 (0.53%) JUnit
9 2 (0.35%) HP UFT
9 2 (0.35%) JBehave
10 1 (0.18%) eggPlant
10 1 (0.18%) TestComplete
General
1 299 (52.83%) Finance
2 267 (47.17%) Banking
3 170 (30.04%) Front Office
4 131 (23.14%) Investment Banking
5 57 (10.07%) Back Office
6 18 (3.18%) Financial Institution
7 12 (2.12%) Retail Banking
8 10 (1.77%) Legal
8 10 (1.77%) Private Banking
9 8 (1.41%) French Language
10 6 (1.06%) Corporate Banking
11 5 (0.88%) Marketing
12 3 (0.53%) Retail
13 2 (0.35%) Electronics
13 2 (0.35%) Law
13 2 (0.35%) Manufacturing
13 2 (0.35%) Telecoms
14 1 (0.18%) International Banking
14 1 (0.18%) Japanese Language
Job Titles
1 218 (38.52%) Analyst
2 158 (27.92%) Business Analyst
3 141 (24.91%) Developer
4 66 (11.66%) Project Manager
5 64 (11.31%) MiFID Business Analyst
6 43 (7.60%) Senior Developer
7 42 (7.42%) C# Developer
7 42 (7.42%) Java Developer
8 39 (6.89%) SQL Developer
9 33 (5.83%) Banking Analyst
9 33 (5.83%) Test Analyst
10 23 (4.06%) .NET Developer
10 23 (4.06%) Regulatory Business Analyst
11 22 (3.89%) Architect
12 20 (3.53%) C# .NET Developer
12 20 (3.53%) Investment Management Business Analyst
12 20 (3.53%) Report Analyst
13 19 (3.36%) MiFID Project Manager
13 19 (3.36%) Senior Analyst
14 18 (3.18%) Tester
Libraries, Frameworks & Software Standards
1 69 (12.19%) .NET
2 45 (7.95%) FIX Protocol
3 32 (5.65%) XML
4 31 (5.48%) JSON
5 21 (3.71%) Web Services
6 20 (3.53%) Entity Framework
7 18 (3.18%) .NET Framework
8 16 (2.83%) Middleware
8 16 (2.83%) SOAP
9 15 (2.65%) WCF
10 12 (2.12%) AngularJS
10 12 (2.12%) JMS
10 12 (2.12%) RabbitMQ
10 12 (2.12%) Spring
11 11 (1.94%) WPF
12 10 (1.77%) FpML
12 10 (1.77%) HTML
13 9 (1.59%) jQuery
13 9 (1.59%) KnockoutJS
13 9 (1.59%) Rendezvous
Miscellaneous
1 111 (19.61%) Derivative
2 109 (19.26%) Foreign Exchange (FX)
3 96 (16.96%) Fixed Income
4 92 (16.25%) Equities
5 37 (6.54%) Analytical Skills
6 29 (5.12%) OTC Derivatives
7 20 (3.53%) Market Risk
8 17 (3.00%) Reference Data
9 16 (2.83%) Management Information System
10 12 (2.12%) Equity Derivative
11 11 (1.94%) Fintech
11 11 (1.94%) Hedge funds
12 10 (1.77%) Data Structures
12 10 (1.77%) PMI
13 8 (1.41%) Computer Science
13 8 (1.41%) Greenfield Project
13 8 (1.41%) Interest Rate Derivative
14 7 (1.24%) Credit Risk
14 7 (1.24%) Swaptions
15 6 (1.06%) Exotic Derivative
Operating Systems
1 44 (7.77%) Linux
2 38 (6.71%) Unix
3 27 (4.77%) Windows
4 6 (1.06%) Windows Server
5 1 (0.18%) Solaris
Processes & Methodologies
1 108 (19.08%) Agile Software Development
2 84 (14.84%) Business Analysis
3 81 (14.31%) Stakeholder Management
4 69 (12.19%) Asset Management
4 69 (12.19%) Project Management
5 64 (11.31%) Change Management
6 46 (8.13%) Investment Management
7 45 (7.95%) User Acceptance Testing
8 35 (6.18%) Multithreading
9 34 (6.01%) Test Automation
10 33 (5.83%) SDLC
11 30 (5.30%) Migration
11 30 (5.30%) TDD
12 28 (4.95%) Electronic Trading
13 27 (4.77%) OO
14 24 (4.24%) PRINCE2
14 24 (4.24%) Wealth Management
15 23 (4.06%) Data Modelling
15 23 (4.06%) Manual Testing
15 23 (4.06%) Target Operating Model
Programming Languages
1 118 (20.85%) SQL
2 85 (15.02%) Java
3 65 (11.48%) C#
4 51 (9.01%) Python
5 33 (5.83%) T-SQL
6 28 (4.95%) C++
7 24 (4.24%) JavaScript
8 16 (2.83%) PL/SQL
9 15 (2.65%) Ruby
9 15 (2.65%) Shell Script
10 12 (2.12%) Bash Shell
11 10 (1.77%) VBA
12 9 (1.59%) Perl
13 7 (1.24%) Scala
14 5 (0.88%) C
15 3 (0.53%) PowerShell
15 3 (0.53%) Tcl
16 1 (0.18%) Apex Code
16 1 (0.18%) PHP
16 1 (0.18%) XQuery
Qualifications
1 16 (2.83%) Degree
2 12 (2.12%) PMI Certification
3 8 (1.41%) PMP
4 5 (0.88%) PRINCE2 Practitioner
5 4 (0.71%) APMP
5 4 (0.71%) ISEB
5 4 (0.71%) PRINCE2 Certification
6 3 (0.53%) ISTQB
7 2 (0.35%) Computer Science Degree
7 2 (0.35%) Numerate Degree
7 2 (0.35%) PhD
8 1 (0.18%) CBAP
8 1 (0.18%) CFA
8 1 (0.18%) IIBA
8 1 (0.18%) Master's Degree
8 1 (0.18%) Novell Certification
Quality Assurance & Compliance
1 133 (23.50%) EMIR
2 79 (13.96%) Dodd-Frank
3 42 (7.42%) QA
4 39 (6.89%) GDPR
5 25 (4.42%) PMO
5 25 (4.42%) Solvency II
6 21 (3.71%) FATCA
7 10 (1.77%) AIFMD
8 7 (1.24%) IFRS
9 6 (1.06%) Sarbanes-Oxley
10 4 (0.71%) Basel III
11 3 (0.53%) Basel II
11 3 (0.53%) Data Quality
11 3 (0.53%) PSD2
12 2 (0.35%) IFRS 9
13 1 (0.18%) UCITS
System Software
1 5 (0.88%) HDFS
2 2 (0.35%) Active Directory
3 1 (0.18%) Apache ZooKeeper
Systems Management
1 7 (1.24%) HP Quality Center
2 2 (0.35%) Control-M
3 1 (0.18%) Ansible
3 1 (0.18%) ITRS Geneos
3 1 (0.18%) Thomson Reuters DACS
Vendors
1 36 (6.36%) Microsoft
2 28 (4.95%) Bloomberg
3 24 (4.24%) Oracle
4 16 (2.83%) TIBCO
5 15 (2.65%) Fidessa
5 15 (2.65%) ION Trading
6 13 (2.30%) Murex
7 10 (1.77%) Charles River
8 8 (1.41%) IBM
8 8 (1.41%) Perforce
9 7 (1.24%) Calypso
9 7 (1.24%) CQG
9 7 (1.24%) FIS
9 7 (1.24%) SunGard
9 7 (1.24%) Sybase
10 6 (1.06%) Solace
11 4 (0.71%) Informatica
11 4 (0.71%) Reuters
11 4 (0.71%) SAP
12 3 (0.53%) Salesforce.com