Period
to 20 April 2021

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 20 April 2021 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
20 Apr 2021
Same period 2020 Same period 2019
Rank 581 642 777
Rank change year-on-year +61 +135 -197
Contract jobs citing MiFID 65 37 107
As % of all contract jobs advertised in the UK 0.12% 0.064% 0.11%
As % of the Quality Assurance & Compliance category 1.10% 0.63% 1.04%
Number of daily rates quoted 32 28 81
10th Percentile £451 £434 £450
25th Percentile £524 £490 £513
Median daily rate (50th Percentile) £594 £521 £570
Median % change year-on-year +14.02% -8.64% -4.00%
75th Percentile £675 £638 £638
90th Percentile £736 £675 £675
UK excluding London median daily rate £870 £500 £533
% change year-on-year +74.00% -6.10% +12.11%

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 5,894 5,842 10,263
As % of all contract IT jobs advertised in the UK 11.01% 10.17% 10.72%
Number of daily rates quoted 3,951 3,701 6,529
10th Percentile £263 £225 £252
25th Percentile £363 £350 £350
Median daily rate (50th Percentile) £475 £450 £450
Median % change year-on-year +5.56% - -
75th Percentile £575 £556 £556
90th Percentile £656 £638 £650
UK excluding London median daily rate £425 £425 £425
Number of hourly rates quoted 270 258 340
10th Percentile £11.36 £13.47 £10.74
25th Percentile £14.25 £17.27 £13.00
Median hourly rate £21.00 £22.50 £20.24
Median % change year-on-year -6.67% +11.17% -6.36%
75th Percentile £39.75 £46.38 £39.00
90th Percentile £52.50 £52.33 £48.75
UK excluding London median hourly rate £20.95 £21.50 £20.00
% change year-on-year -2.56% +7.50% -8.21%

MiFID
Job Vacancy Trend

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

Job vacancy trend for MiFID in the UK

MiFID
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing MiFID.

Daily rate trend for MiFID in the UK

MiFID
Daily Rate Histogram

Daily rate distribution for jobs citing MiFID over the 6 months to 20 April 2021.

Daily rate histogram for MiFID in the UK

MiFID
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing MiFID.

Hourly rate trend for MiFID in the UK

MiFID
Top 8 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 20 April 2021. 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 +78 59 £588 +9.30% 8
London +20 57 £581 +5.68% 8
Work from Home - 10 £586 - 1
UK excluding London +87 5 £870 +74.00% 2
Scotland +2 3 - -
North of England - 1 - -
North West - 1 - -
South East - 1 £870 -

For the 6 months to 20 April 2021, 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 37 (56.92%) Finance
2 27 (41.54%) Banking
3 22 (33.85%) Agile Software Development
4 18 (27.69%) SQL
5 17 (26.15%) Foreign Exchange (FX)
5 17 (26.15%) EMIR
6 15 (23.08%) Front Office
6 15 (23.08%) Problem-Solving
7 12 (18.46%) Analytical Skills
8 11 (16.92%) Electronic Trading
8 11 (16.92%) Investment Management
8 11 (16.92%) Java
8 11 (16.92%) Investment Banking
9 10 (15.38%) Microsoft Excel
10 9 (13.85%) GAP Analysis
10 9 (13.85%) Data Analysis
10 9 (13.85%) Scrum
10 9 (13.85%) JIRA
10 9 (13.85%) User Acceptance Testing
10 9 (13.85%) AIFMD
11 8 (12.31%) UCITS
11 8 (12.31%) Degree
11 8 (12.31%) Integration Testing
11 8 (12.31%) REST
11 8 (12.31%) Legal
11 8 (12.31%) Python
12 7 (10.77%) Microsoft Office
12 7 (10.77%) Asset Management
12 7 (10.77%) Computer Science
12 7 (10.77%) Business Analysis

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 7 (10.77%) Confluence
2 3 (4.62%) Apache
2 3 (4.62%) Apache Spark
2 3 (4.62%) Red Hat Fuse
2 3 (4.62%) SharePoint
3 1 (1.54%) SAS
Applications
1 10 (15.38%) Microsoft Excel
2 7 (10.77%) Microsoft Office
2 7 (10.77%) Microsoft PowerPoint
3 2 (3.08%) Microsoft Project
3 2 (3.08%) MS Visio
Business Applications
1 1 (1.54%) Summit
Cloud Services
1 2 (3.08%) AWS
Communications & Networking
1 2 (3.08%) TCP/IP
2 1 (1.54%) Internet
Database & Business Intelligence
1 3 (4.62%) Big Data
1 3 (4.62%) KDB
1 3 (4.62%) NoSQL
1 3 (4.62%) Relational Database
2 2 (3.08%) Kdb+
Development Applications
1 9 (13.85%) JIRA
2 3 (4.62%) Git (software)
2 3 (4.62%) Jenkins
2 3 (4.62%) TestComplete
3 2 (3.08%) Cucumber
4 1 (1.54%) Selenium
General
1 37 (56.92%) Finance
2 27 (41.54%) Banking
3 15 (23.08%) Front Office
4 11 (16.92%) Investment Banking
5 8 (12.31%) Legal
6 6 (9.23%) Public Sector
7 5 (7.69%) Private Banking
8 3 (4.62%) Back Office
9 1 (1.54%) Arabic Language
9 1 (1.54%) Financial Institution
9 1 (1.54%) French Language
9 1 (1.54%) Italian Language
9 1 (1.54%) Law
9 1 (1.54%) Mandarin Language
9 1 (1.54%) Wholesale Banking
Job Titles
1 24 (36.92%) Analyst
2 21 (32.31%) Business Analyst
3 14 (21.54%) Developer
4 8 (12.31%) Regulatory Business Analyst
4 8 (12.31%) Report Analyst
5 7 (10.77%) Consultant
6 6 (9.23%) Banking Analyst
6 6 (9.23%) Java Developer
6 6 (9.23%) Senior Developer
7 5 (7.69%) MiFID Business Analyst
8 4 (6.15%) Commodities Business Analyst
8 4 (6.15%) Compliance Consultant
8 4 (6.15%) Regulatory Reporting Business Analyst
9 3 (4.62%) Developer/Software Engineer
9 3 (4.62%) FX Business Analyst
9 3 (4.62%) Investment Banking Business Analyst
9 3 (4.62%) Java Engineer
9 3 (4.62%) Java Software Developer
9 3 (4.62%) Scala Developer
9 3 (4.62%) Senior Scala Developer
Libraries, Frameworks & Software Standards
1 8 (12.31%) REST
2 6 (9.23%) Middleware
2 6 (9.23%) Spring
2 6 (9.23%) Velocity
2 6 (9.23%) XML
3 5 (7.69%) AngularJS
3 5 (7.69%) React
4 4 (6.15%) FIX Protocol
5 3 (4.62%) Ajax
5 3 (4.62%) Apache Camel
5 3 (4.62%) Hibernate
5 3 (4.62%) HTML
5 3 (4.62%) JDBC
5 3 (4.62%) JMS
5 3 (4.62%) JSF
5 3 (4.62%) Kafka
5 3 (4.62%) OSGi
5 3 (4.62%) RabbitMQ
5 3 (4.62%) Redux
5 3 (4.62%) Spring Boot
Miscellaneous
1 17 (26.15%) Foreign Exchange (FX)
2 12 (18.46%) Analytical Skills
3 7 (10.77%) Derivative
4 6 (9.23%) Hedge funds
5 5 (7.69%) Fixed Income
5 5 (7.69%) Self-Motivation
6 4 (6.15%) Management Information System
6 4 (6.15%) OTC Derivatives
7 3 (4.62%) Clustering
7 3 (4.62%) Enterprise Software
8 2 (3.08%) Algorithms
8 2 (3.08%) Data Structures
8 2 (3.08%) DTCC
8 2 (3.08%) Equities
8 2 (3.08%) Greenfield Project
9 1 (1.54%) Credit Risk
9 1 (1.54%) Market Risk
9 1 (1.54%) Organisational Skills
9 1 (1.54%) Reinsurance
9 1 (1.54%) Taxonomies
Operating Systems
1 5 (7.69%) Linux
2 1 (1.54%) Unix
Processes & Methodologies
1 22 (33.85%) Agile Software Development
2 15 (23.08%) Problem-Solving
3 11 (16.92%) Electronic Trading
3 11 (16.92%) Investment Management
4 9 (13.85%) Data Analysis
4 9 (13.85%) GAP Analysis
4 9 (13.85%) Scrum
4 9 (13.85%) User Acceptance Testing
5 8 (12.31%) Integration Testing
6 7 (10.77%) Asset Management
6 7 (10.77%) BDD
6 7 (10.77%) Business Analysis
6 7 (10.77%) Computer Science
7 6 (9.23%) Data Engineering
7 6 (9.23%) Microservices
7 6 (9.23%) Project Management
7 6 (9.23%) Requirements Gathering
7 6 (9.23%) Stakeholder Management
8 5 (7.69%) Fintech
8 5 (7.69%) High Availability
Programming Languages
1 18 (27.69%) SQL
2 11 (16.92%) Java
3 8 (12.31%) Python
4 6 (9.23%) JavaScript
5 3 (4.62%) Haskell
5 3 (4.62%) Java 8
5 3 (4.62%) PL/SQL
5 3 (4.62%) Scala
6 2 (3.08%) Bash Shell
6 2 (3.08%) C#
7 1 (1.54%) R
7 1 (1.54%) TypeScript
7 1 (1.54%) VBA
Qualifications
1 8 (12.31%) Degree
2 5 (7.69%) Master's Degree
3 3 (4.62%) Computer Science Degree
4 1 (1.54%) CBAP
4 1 (1.54%) CFA
4 1 (1.54%) PMI Certification
Quality Assurance & Compliance
1 17 (26.15%) EMIR
2 9 (13.85%) AIFMD
3 8 (12.31%) UCITS
4 7 (10.77%) Dodd-Frank
5 6 (9.23%) QA
6 4 (6.15%) GDPR
7 3 (4.62%) FATCA
8 2 (3.08%) PMO
8 2 (3.08%) SLA
9 1 (1.54%) Basel III
9 1 (1.54%) Data Quality
9 1 (1.54%) PSD2
9 1 (1.54%) Solvency II
Systems Management
1 3 (4.62%) HP ALM
Vendors
1 4 (6.15%) Charles River
2 3 (4.62%) IBM
2 3 (4.62%) Microsoft
2 3 (4.62%) Oracle
3 1 (1.54%) Calypso
3 1 (1.54%) Informatica
3 1 (1.54%) Murex