Period
to 26 July 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 26 July 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
26 Jul 2017
Same period 2016 Same period 2015
Rank 261 634 748
Rank change year-on-year +373 +114 +49
Contract jobs citing MiFID 911 274 152
As % of all contract IT jobs advertised in the UK 0.96% 0.25% 0.13%
As % of the Quality Assurance & Compliance category 8.22% 2.21% 1.15%
Number of daily rates quoted 673 187 115
UK median daily rate £575 £550 £625
Median daily rate % change year-on-year +4.55% -12.00% +13.64%
10th Percentile £425 £325 £476
90th Percentile £725 £700 £750
UK excluding London median daily rate £450 £481 £400
% change year-on-year -6.49% +20.31% +88.24%
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

MiFID is in the quality assurance and compliance skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for quality assurance and compliance skills.

Contract Quality Assurance & Compliance Skills
UK
Contract job vacancies with a requirement for quality assurance and compliance skills 11087 12402 13194
As % of all contract IT job vacancies advertised in the UK 11.64% 11.29% 11.69%
Number of daily rates quoted 7209 7991 8329
UK median daily rate £440 £408 £400
Median daily rate % change year-on-year +7.98% +1.88% -
10th Percentile £250 £225 £225
90th Percentile £625 £595 £588
UK excluding London median daily rate £400 £375 £375
% change year-on-year +6.67% - +4.17%
Number of hourly rates quoted 363 421 399
UK median hourly rate £20.50 £22.50 £21.55
Median hourly rate % change year-on-year -8.89% +4.41% +7.75%
10th Percentile £11.02 £10.75 £11.25
90th Percentile £52.50 £50.25 £51.39
UK excluding London median hourly rate £20.00 £22.50 £21.55
% change year-on-year -11.11% +4.41% +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 26 July 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 26 July 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 +354 877 £575 +4.55% 45
London +259 853 £575 +4.55% 43
UK excluding London +95 56 £450 -6.49% 6
Scotland +65 32 £450 +5.88% 4
South East +44 10 £563 +4.65% 1
South West - 7 £450 -
North of England +61 5 £375 +7.14%
North West - 5 £375 -
Midlands +35 1 - - 1
West Midlands +33 1 - -
East of England - 1 £450 -

For the 6 months to 26 July 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.

1 445 (48.85%) Finance
2 415 (45.55%) Banking
3 283 (31.06%) Front Office
4 205 (22.50%) Investment Banking
5 180 (19.76%) Business Analysis
6 175 (19.21%) EMIR
7 171 (18.77%) Agile Software Development
8 150 (16.47%) Derivative
9 147 (16.14%) Java
10 143 (15.70%) SQL
11 140 (15.37%) Asset Management
12 126 (13.83%) Dodd-Frank
13 123 (13.50%) Fixed Income
14 122 (13.39%) Equities
14 122 (13.39%) Stakeholder Management
15 119 (13.06%) Foreign Exchange (FX)
16 113 (12.40%) Investment Management
17 94 (10.32%) Project Management
18 87 (9.55%) Change Management
19 85 (9.33%) Unix
20 83 (9.11%) Electronic Trading
21 80 (8.78%) SDLC
22 68 (7.46%) Risk Management
23 67 (7.35%) Wealth Management
24 66 (7.24%) Scrum
25 65 (7.14%) FIX Protocol
26 56 (6.15%) Spring
26 56 (6.15%) Fintech
27 55 (6.04%) Test Automation
28 54 (5.93%) QA

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 (1.32%) Apache Spark
1 12 (1.32%) WebSphere
2 8 (0.88%) Tomcat
3 6 (0.66%) SharePoint
3 6 (0.66%) WebLogic
4 5 (0.55%) Apache
5 4 (0.44%) Confluence
6 3 (0.33%) MQSeries
7 2 (0.22%) Elasticsearch
7 2 (0.22%) Oracle Workflow
7 2 (0.22%) WebSphere Application Server
8 1 (0.11%) IIS
8 1 (0.11%) JBoss
8 1 (0.11%) Oracle SOA Suite
Applications
1 29 (3.18%) Microsoft Excel
2 26 (2.85%) Microsoft PowerPoint
3 15 (1.65%) MS Visio
4 11 (1.21%) Microsoft Office
5 9 (0.99%) Microsoft Project
6 3 (0.33%) Spreadsheet
Business Applications
1 14 (1.54%) Markit EDM
2 12 (1.32%) ION MarketView
3 6 (0.66%) Bloomberg TOMS
3 6 (0.66%) thinkFolio
4 5 (0.55%) Endur
4 5 (0.55%) IntelliMatch
5 4 (0.44%) Murex MxG2000
6 3 (0.33%) SunGard GMI
7 2 (0.22%) Eagle PACE
7 2 (0.22%) Sentinel
7 2 (0.22%) Summit
7 2 (0.22%) Temenos T24
8 1 (0.11%) Bloomberg AIM
8 1 (0.11%) BusinessWorks
8 1 (0.11%) CA PPM
8 1 (0.11%) Global One
8 1 (0.11%) LatentZero
8 1 (0.11%) Loan IQ
8 1 (0.11%) Temenos Globus
Cloud Services
1 1 (0.11%) Google Cloud Platform
1 1 (0.11%) SaaS
Communications & Networking
1 11 (1.21%) TCP/IP
2 6 (0.66%) FIX Connectivity
3 4 (0.44%) Internet
4 2 (0.22%) HTTP
5 1 (0.11%) Extranet
5 1 (0.11%) Firewall
5 1 (0.11%) LAN
5 1 (0.11%) Multicast
5 1 (0.11%) PuTTY
5 1 (0.11%) Remote Desktop
5 1 (0.11%) VLAN
Database & Business Intelligence
1 33 (3.62%) SQL Server
2 31 (3.40%) Relational Database
3 26 (2.85%) Big Data
3 26 (2.85%) DB2
4 20 (2.20%) Data Warehouse
5 18 (1.98%) Hadoop
6 16 (1.76%) KDB
7 12 (1.32%) Blockchain
8 10 (1.10%) MongoDB
9 8 (0.88%) Oracle Database
9 8 (0.88%) SQL Server Reporting Services
10 7 (0.77%) HBase
10 7 (0.77%) Kdb+
10 7 (0.77%) MariaDB
11 6 (0.66%) Hazelcast
11 6 (0.66%) NoSQL
12 5 (0.55%) SQL Server 2014
12 5 (0.55%) SQL Server Integration Services
13 4 (0.44%) Data Lake
14 3 (0.33%) Apache Cassandra
Development Applications
1 36 (3.95%) Git (software)
2 26 (2.85%) Maven
3 24 (2.63%) Jenkins
4 19 (2.09%) Ant
5 18 (1.98%) Gradle
5 18 (1.98%) JIRA
5 18 (1.98%) JUnit
6 17 (1.87%) Hudson
7 13 (1.43%) TeamCity
8 11 (1.21%) Selenium
9 9 (0.99%) SpecFlow
10 8 (0.88%) Subversion
11 7 (0.77%) Cucumber
11 7 (0.77%) Mockito
11 7 (0.77%) webpack
12 4 (0.44%) Visual Studio
13 3 (0.33%) FitNesse
13 3 (0.33%) Team Foundation Server
14 2 (0.22%) EasyMock
14 2 (0.22%) MSTest
General
1 445 (48.85%) Finance
2 415 (45.55%) Banking
3 283 (31.06%) Front Office
4 205 (22.50%) Investment Banking
5 48 (5.27%) Legal
6 45 (4.94%) Financial Institution
7 44 (4.83%) Back Office
8 27 (2.96%) Private Banking
9 11 (1.21%) Retail
10 8 (0.88%) Corporate Banking
11 7 (0.77%) Advertising
12 6 (0.66%) International Banking
12 6 (0.66%) Retail Banking
13 4 (0.44%) Games
14 3 (0.33%) French Language
14 3 (0.33%) Marketing
14 3 (0.33%) Wholesale Banking
15 2 (0.22%) Prime Brokerage
16 1 (0.11%) Dutch Language
16 1 (0.11%) Mandarin Language
Job Titles
1 438 (48.08%) Analyst
2 393 (43.14%) Business Analyst
3 233 (25.58%) MiFID Business Analyst
4 215 (23.60%) Developer
5 125 (13.72%) Project Manager
6 115 (12.62%) Java Developer
7 60 (6.59%) MiFID Project Manager
8 53 (5.82%) Regulatory Business Analyst
9 45 (4.94%) Senior Analyst
9 45 (4.94%) Senior Developer
10 42 (4.61%) Banking Analyst
11 39 (4.28%) Senior Business Analyst
12 36 (3.95%) Business IT Analyst
12 36 (3.95%) IT Analyst
12 36 (3.95%) Project Analyst
13 34 (3.73%) IT Business Analyst
14 32 (3.51%) Front Office Business Analyst
15 30 (3.29%) Architect
15 30 (3.29%) Senior Java Developer
16 26 (2.85%) Report Analyst
Libraries, Frameworks & Software Standards
1 65 (7.14%) FIX Protocol
2 56 (6.15%) Spring
3 50 (5.49%) XML
4 30 (3.29%) .NET
4 30 (3.29%) FpML
4 30 (3.29%) HTML
5 29 (3.18%) HTML5
6 25 (2.74%) JSON
7 22 (2.41%) Middleware
8 21 (2.31%) Kafka
8 21 (2.31%) SOAP
9 20 (2.20%) Protocol Buffers
10 19 (2.09%) Hibernate
11 16 (1.76%) AngularJS
11 16 (1.76%) JMS
11 16 (1.76%) Node.js
12 12 (1.32%) React
13 10 (1.10%) REST
14 8 (0.88%) RabbitMQ
14 8 (0.88%) WebSockets
Miscellaneous
1 150 (16.47%) Derivative
2 123 (13.50%) Fixed Income
3 122 (13.39%) Equities
4 119 (13.06%) Foreign Exchange (FX)
5 56 (6.15%) Fintech
6 45 (4.94%) Analytical Skills
7 37 (4.06%) OTC Derivatives
8 33 (3.62%) Equity Derivative
9 27 (2.96%) Reference Data
10 24 (2.63%) Computer Science
11 21 (2.31%) Hedge funds
12 17 (1.87%) PMI
13 14 (1.54%) Greenfield Project
13 14 (1.54%) Market Risk
14 13 (1.43%) Management Information System
14 13 (1.43%) N-Tier
15 10 (1.10%) User Experience
16 8 (0.88%) Algorithms
17 6 (0.66%) Data Structures
18 5 (0.55%) Exotic Derivative
Operating Systems
1 85 (9.33%) Unix
2 37 (4.06%) Linux
3 14 (1.54%) Windows
4 2 (0.22%) Solaris
5 1 (0.11%) Red Hat Enterprise Linux
5 1 (0.11%) Windows 7
5 1 (0.11%) Windows Server
5 1 (0.11%) Windows Server 2008
5 1 (0.11%) Windows Server 2012
Processes & Methodologies
1 180 (19.76%) Business Analysis
2 171 (18.77%) Agile Software Development
3 140 (15.37%) Asset Management
4 122 (13.39%) Stakeholder Management
5 113 (12.40%) Investment Management
6 94 (10.32%) Project Management
7 87 (9.55%) Change Management
8 83 (9.11%) Electronic Trading
9 80 (8.78%) SDLC
10 68 (7.46%) Risk Management
11 67 (7.35%) Wealth Management
12 66 (7.24%) Scrum
13 55 (6.04%) Test Automation
14 53 (5.82%) Data Modelling
15 51 (5.60%) OO
16 47 (5.16%) Data Analysis
17 46 (5.05%) User Acceptance Testing
18 39 (4.28%) TDD
18 39 (4.28%) Test Strategy
19 36 (3.95%) Data Management
Programming Languages
1 147 (16.14%) Java
2 143 (15.70%) SQL
3 45 (4.94%) C#
4 40 (4.39%) Python
5 35 (3.84%) Shell Script
6 34 (3.73%) C++
7 28 (3.07%) JavaScript
8 20 (2.20%) Scala
9 15 (1.65%) Perl
10 11 (1.21%) ES6
10 11 (1.21%) T-SQL
11 7 (0.77%) PL/SQL
12 4 (0.44%) C
12 4 (0.44%) Ruby
13 3 (0.33%) Tcl
13 3 (0.33%) TypeScript
14 2 (0.22%) VB
14 2 (0.22%) VBA
15 1 (0.11%) VB.NET
15 1 (0.11%) VBScript
Qualifications
1 52 (5.71%) Degree
2 25 (2.74%) PMI Certification
3 22 (2.41%) Computer Science Degree
4 18 (1.98%) PMP
5 11 (1.21%) ISEB
6 9 (0.99%) Master's Degree
7 4 (0.44%) Numerate Degree
8 3 (0.33%) IIBA
8 3 (0.33%) ISTQB
8 3 (0.33%) PRINCE2 Certification
9 2 (0.22%) PRINCE2 Practitioner
10 1 (0.11%) CAPM
10 1 (0.11%) Security Cleared
Quality Assurance & Compliance
1 175 (19.21%) EMIR
2 126 (13.83%) Dodd-Frank
3 54 (5.93%) QA
4 23 (2.52%) FATCA
5 17 (1.87%) Data Quality
6 16 (1.76%) PMO
7 14 (1.54%) Solvency II
8 13 (1.43%) GDPR
9 8 (0.88%) AIFMD
10 4 (0.44%) IFRS
10 4 (0.44%) IFRS 9
11 2 (0.22%) SEPA
11 2 (0.22%) SLA
11 2 (0.22%) UCITS
12 1 (0.11%) CRD IV
12 1 (0.11%) ISO 20022
12 1 (0.11%) Sarbanes-Oxley
System Software
1 7 (0.77%) HDFS
2 3 (0.33%) Docker
3 2 (0.22%) Virtual Machines
4 1 (0.11%) Active Directory
Systems Management
1 4 (0.44%) HP Quality Center
2 3 (0.33%) Kubernetes
3 2 (0.22%) Control-M
4 1 (0.11%) Puppet
Vendors
1 35 (3.84%) Oracle
2 25 (2.74%) Bloomberg
3 22 (2.41%) Microsoft
4 21 (2.31%) Murex
4 21 (2.31%) Sybase
5 19 (2.09%) ION Trading
6 16 (1.76%) Fidessa
6 16 (1.76%) Perforce
7 15 (1.65%) Charles River
8 13 (1.43%) Reuters
9 11 (1.21%) Solace
10 6 (0.66%) TIBCO
11 5 (0.55%) Cognizant
12 4 (0.44%) Adobe
12 4 (0.44%) FXall
12 4 (0.44%) Google
13 3 (0.33%) Calypso
13 3 (0.33%) Informatica
13 3 (0.33%) SunGard
13 3 (0.33%) Tradeweb
City of London
Real Staffing
Posted: 21 hours ago
London
Red10
Rate: £500 - £600 per day
Posted: 13 hours ago
City, London
Spargonet Consulting Plc
Rate: £400 - £450 per annum
Posted: 10 hours ago
London
Harvey Nash plc
Rate: £650 per day
Posted: Yesterday
City, London
Haysfm
Rate: £450.00 - £550.00 per day
Posted: 5 days ago
London
TEKsystems
Rate: £600 - £650 per day
Posted: 5 days ago
London
Square One Resources
Rate: Unspecified Negotiable
Posted: 6 days ago
London
Harrington Starr
Rate: £500 per day
Posted: Yesterday
London
McGregor Boyall
Rate: £600 - £750 per day
Posted: 5 days ago
London
Real Staffing
Posted: 2 days ago
London
McGregor Boyall
Rate: £500 - £520 per day
Posted: 6 days ago
London
McGregor Boyall
Rate: £600 - £750 per day
Posted: 5 days ago
City, London
Experis Ltd
Rate: £400.00 - £450.00 per day
Posted: 2 days ago
City, London
Haysfm
Rate: £500.00 - £550.00 per day
Posted: Yesterday
City, London
McGregor Boyall
Rate: £600 - £700 per day
Posted: 5 days ago
City, London
Haysfm
Rate: £200.00 - £250.00 per day
Posted: 2 days ago
Edinburgh, Midlothian
Cathcart Associates Ltd
Rate: £300 - £328 per day
Posted: 5 days ago
Edinburgh, Midlothian
Deerfoot IT Resources Ltd
Rate: £500 - £600 per day
Posted: 5 days ago
Edinburgh, Midlothian
Lorien Resourcing
Posted: 6 days ago
City, London
Hays Talent Solutions
Rate: £22.00 - £29.00 per hour
Posted: Yesterday
Edinburgh
Cathcart Associates
Rate: £550 - £600 per day
Posted: 7 days ago
City, London
Canary Wharf and City
Rate: Up to £450 per annum
Posted: 5 days ago