Period
to 24 June 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 24 June 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
24 Jun 2018
Same period 2017 Same period 2016
Rank 666 269 638
Rank change year-on-year -397 +369 +101
Contract jobs citing MiFID 220 863 262
As % of all contract IT jobs advertised in the UK 0.22% 0.94% 0.25%
As % of the Quality Assurance & Compliance category 1.80% 8.04% 2.16%
Number of daily rates quoted 159 637 187
UK median daily rate £588 £575 £550
Median daily rate % change year-on-year +2.17% +4.55% -12.00%
10th Percentile £410 £425 £329
90th Percentile £750 £725 £725
UK excluding London median daily rate £475 £450 £513
% change year-on-year +5.56% -12.20% +28.13%
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 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 12,190 10,728 12,138
As % of all contract IT jobs advertised in the UK 12.16% 11.71% 11.37%
Number of daily rates quoted 7,795 6,940 7,779
UK median daily rate £450 £438 £405
Median daily rate % change year-on-year +2.86% +8.02% +1.25%
10th Percentile £256 £240 £225
90th Percentile £638 £625 £600
UK excluding London median daily rate £400 £391 £375
% change year-on-year +2.30% +4.27% -
Number of hourly rates quoted 380 359 416
UK median hourly rate £23.50 £20.00 £24.09
Median hourly rate % change year-on-year +17.50% -16.97% +11.77%
10th Percentile £12.43 £11.00 £11.88
90th Percentile £52.53 £52.50 £55.38
UK excluding London median hourly rate £22.85 £19.50 £26.00
% change year-on-year +17.15% -25.00% +20.93%

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 24 June 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 9 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 24 June 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 -392 205 £600 +4.35% 20
London -299 199 £600 +4.35% 19
UK excluding London -61 20 £475 +5.56% 1
Scotland -55 14 £475 +11.76%
South East -30 4 £650 +18.18%
North of England -22 1 £342 +9.44% 1
North West -22 1 £342 +9.44% 1
West Midlands - 1 £160 -
Midlands - 1 £160 -

For the 6 months to 24 June 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.

1 131 (59.55%) Banking
2 90 (40.91%) Finance
3 74 (33.64%) Investment Banking
4 67 (30.45%) EMIR
5 52 (23.64%) Agile Software Development
5 52 (23.64%) Front Office
6 51 (23.18%) SQL
7 48 (21.82%) Dodd-Frank
8 40 (18.18%) Foreign Exchange (FX)
9 39 (17.73%) Stakeholder Management
10 37 (16.82%) Derivative
11 35 (15.91%) Equities
12 34 (15.45%) Business Analysis
13 33 (15.00%) Asset Management
14 27 (12.27%) Fixed Income
15 24 (10.91%) Java
16 23 (10.45%) Python
17 22 (10.00%) Linux
17 22 (10.00%) Change Management
18 20 (9.09%) Scrum
18 20 (9.09%) Unix
18 20 (9.09%) FIX Protocol
18 20 (9.09%) QA
18 20 (9.09%) GDPR
19 19 (8.64%) Investment Management
19 19 (8.64%) Project Management
20 18 (8.18%) Data Analysis
21 16 (7.27%) Wealth Management
21 16 (7.27%) Back Office
21 16 (7.27%) SQL Server

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 8 (3.64%) Confluence
2 6 (2.73%) Apache
2 6 (2.73%) Elasticsearch
3 3 (1.36%) WebSphere
3 3 (1.36%) WordPress
4 2 (0.91%) nginx
4 2 (0.91%) SharePoint
5 1 (0.45%) Apache Spark
5 1 (0.45%) MQSeries
Applications
1 10 (4.55%) Microsoft Excel
2 5 (2.27%) Microsoft PowerPoint
2 5 (2.27%) Microsoft Project
3 4 (1.82%) MS Visio
4 2 (0.91%) Microsoft Office
Business Applications
1 4 (1.82%) Markit EDM
2 2 (0.91%) Orchestrade
3 1 (0.45%) ION MarketView
3 1 (0.45%) Kondor
3 1 (0.45%) Summit
Cloud Services
1 2 (0.91%) Amazon AWS
1 2 (0.91%) Amazon CloudWatch
1 2 (0.91%) Amazon EC2
1 2 (0.91%) AWS CloudTrail
Communications & Networking
1 3 (1.36%) FIX Connectivity
2 1 (0.45%) Remote Desktop
Database & Business Intelligence
1 16 (7.27%) SQL Server
2 14 (6.36%) Blockchain
3 13 (5.91%) Data Warehouse
4 9 (4.09%) Big Data
5 8 (3.64%) Relational Database
6 7 (3.18%) DB2
7 6 (2.73%) Oracle Database
7 6 (2.73%) Oracle Database 11g
8 5 (2.27%) PostgreSQL
8 5 (2.27%) SQL Server Integration Services
8 5 (2.27%) SQL Server Reporting Services
9 4 (1.82%) Hadoop
10 2 (0.91%) Data Mining
10 2 (0.91%) MS Access
10 2 (0.91%) NoSQL
10 2 (0.91%) SQL Server 2008
11 1 (0.45%) Apache Hive
11 1 (0.45%) HBase
11 1 (0.45%) MySQL
11 1 (0.45%) SQL Server 2012
Development Applications
1 13 (5.91%) Jenkins
1 13 (5.91%) JIRA
2 12 (5.45%) Git (software)
3 7 (3.18%) Ant
3 7 (3.18%) Gradle
3 7 (3.18%) Hudson
3 7 (3.18%) Maven
4 5 (2.27%) gulp
4 5 (2.27%) PhpStorm
4 5 (2.27%) Selenium
4 5 (2.27%) Sonatype Nexus
5 4 (1.82%) Cucumber
6 2 (0.91%) Concordion
6 2 (0.91%) JBehave
6 2 (0.91%) PHPUnit
7 1 (0.45%) CppUnit
7 1 (0.45%) TeamCity
7 1 (0.45%) TestComplete
7 1 (0.45%) TestNG
7 1 (0.45%) WebDriver
General
1 131 (59.55%) Banking
2 90 (40.91%) Finance
3 74 (33.64%) Investment Banking
4 52 (23.64%) Front Office
5 16 (7.27%) Back Office
6 13 (5.91%) Legal
7 10 (4.55%) Financial Institution
8 7 (3.18%) Retail
9 6 (2.73%) Private Banking
10 3 (1.36%) Advertising
10 3 (1.36%) Retail Banking
11 1 (0.45%) Spanish Language
Job Titles
1 104 (47.27%) Analyst
2 89 (40.45%) Business Analyst
3 45 (20.45%) Developer
4 25 (11.36%) Project Manager
5 20 (9.09%) Banking Analyst
6 14 (6.36%) MiFID Business Analyst
7 12 (5.45%) Java Developer
8 11 (5.00%) Asset Management Analyst
8 11 (5.00%) Asset Management Business Analyst
8 11 (5.00%) Banking Business Analyst
8 11 (5.00%) FX Business Analyst
8 11 (5.00%) Project Analyst
8 11 (5.00%) Senior Developer
8 11 (5.00%) SQL Developer
9 9 (4.09%) Business Manager
9 9 (4.09%) Investment Banking Business Analyst
9 9 (4.09%) Investment Banking Java Developer
9 9 (4.09%) Investment Management Business Analyst
9 9 (4.09%) Regulatory Business Analyst
9 9 (4.09%) Senior Java Developer
Libraries, Frameworks & Software Standards
1 20 (9.09%) FIX Protocol
2 14 (6.36%) .NET
3 12 (5.45%) XML
4 9 (4.09%) JSON
5 8 (3.64%) Spring
6 7 (3.18%) Protocol Buffers
6 7 (3.18%) SOAP
7 6 (2.73%) CSS
8 5 (2.27%) AngularJS
8 5 (2.27%) FpML
8 5 (2.27%) LAPP Stack
9 4 (1.82%) jQuery
10 3 (1.36%) HTML
10 3 (1.36%) Kendo UI
10 3 (1.36%) Twitter Bootstrap
10 3 (1.36%) WebSphere MQ
11 2 (0.91%) Flash
11 2 (0.91%) J2EE
11 2 (0.91%) WCF
11 2 (0.91%) Zend Framework
Miscellaneous
1 40 (18.18%) Foreign Exchange (FX)
2 37 (16.82%) Derivative
3 35 (15.91%) Equities
4 27 (12.27%) Fixed Income
5 13 (5.91%) Analytical Skills
5 13 (5.91%) OTC Derivatives
6 9 (4.09%) Fintech
7 7 (3.18%) Equity Derivative
7 7 (3.18%) Hedge funds
8 5 (2.27%) Credit Derivative
8 5 (2.27%) Field-Programmable Gate Array
9 3 (1.36%) Management Information System
9 3 (1.36%) Reference Data
9 3 (1.36%) Self-Motivation
10 2 (0.91%) Greenfield Project
10 2 (0.91%) Grid Computing
10 2 (0.91%) Virtual Team
11 1 (0.45%) Minimum Viable Product
11 1 (0.45%) Mobile App
11 1 (0.45%) Synthetic Equity
Operating Systems
1 22 (10.00%) Linux
2 20 (9.09%) Unix
3 13 (5.91%) Windows
4 2 (0.91%) CentOS
4 2 (0.91%) Debian
4 2 (0.91%) Red Hat Enterprise Linux
4 2 (0.91%) Ubuntu
5 1 (0.45%) Windows Server
Processes & Methodologies
1 52 (23.64%) Agile Software Development
2 39 (17.73%) Stakeholder Management
3 34 (15.45%) Business Analysis
4 33 (15.00%) Asset Management
5 22 (10.00%) Change Management
6 20 (9.09%) Scrum
7 19 (8.64%) Investment Management
7 19 (8.64%) Project Management
8 18 (8.18%) Data Analysis
9 16 (7.27%) Electronic Trading
9 16 (7.27%) Wealth Management
10 14 (6.36%) E-Commerce
10 14 (6.36%) Low Latency
10 14 (6.36%) Migration
10 14 (6.36%) OO
11 12 (5.45%) Continuous Integration
12 10 (4.55%) Data Modelling
12 10 (4.55%) Enterprise Architecture
12 10 (4.55%) TDD
12 10 (4.55%) Test Automation
Programming Languages
1 51 (23.18%) SQL
2 24 (10.91%) Java
3 23 (10.45%) Python
4 14 (6.36%) C#
5 13 (5.91%) C++
6 9 (4.09%) PL/SQL
6 9 (4.09%) Shell Script
7 7 (3.18%) JavaScript
8 6 (2.73%) Bash Shell
8 6 (2.73%) C
9 5 (2.27%) Perl
9 5 (2.27%) PHP
9 5 (2.27%) PowerShell
10 4 (1.82%) T-SQL
11 3 (1.36%) Scala
11 3 (1.36%) VB.NET
11 3 (1.36%) VBA
12 2 (0.91%) PHP 5
12 2 (0.91%) PHP 7
12 2 (0.91%) Tcl
Qualifications
1 5 (2.27%) Degree
1 5 (2.27%) ISEB
2 4 (1.82%) CISA
2 4 (1.82%) CISSP
3 3 (1.36%) (ISC)2 CCSP
3 3 (1.36%) Cisco Certification
3 3 (1.36%) CompTIA Security+
3 3 (1.36%) ISTQB
4 2 (0.91%) PhD
4 2 (0.91%) PMI Certification
5 1 (0.45%) CCSP
5 1 (0.45%) CISM
5 1 (0.45%) Computer Science Degree
5 1 (0.45%) Novell Certification
5 1 (0.45%) Numerate Degree
5 1 (0.45%) PMP
5 1 (0.45%) PRINCE2 Practitioner
5 1 (0.45%) Six Sigma Black Belt
5 1 (0.45%) Six Sigma Green Belt
Quality Assurance & Compliance
1 67 (30.45%) EMIR
2 48 (21.82%) Dodd-Frank
3 20 (9.09%) GDPR
3 20 (9.09%) QA
4 8 (3.64%) FATCA
4 8 (3.64%) Solvency II
5 6 (2.73%) AIFMD
6 3 (1.36%) PMO
7 1 (0.45%) Basel III
7 1 (0.45%) Data Quality
7 1 (0.45%) ISO/IEC 27001
System Software
1 5 (2.27%) Docker
2 2 (0.91%) HDFS
3 1 (0.45%) Active Directory
Systems Management
1 5 (2.27%) Ansible
2 1 (0.45%) ITRS Geneos
2 1 (0.45%) Systems Management Server (SMS)
Vendors
1 15 (6.82%) Oracle
2 14 (6.36%) Microsoft
3 7 (3.18%) Perforce
4 6 (2.73%) Murex
4 6 (2.73%) RedGate
5 4 (1.82%) Bloomberg
6 3 (1.36%) Charles River
6 3 (1.36%) Fidessa
6 3 (1.36%) ION Trading
6 3 (1.36%) Tableau
7 2 (0.91%) Alteryx
7 2 (0.91%) Capita
7 2 (0.91%) Sybase
7 2 (0.91%) Zend
8 1 (0.45%) Avaloq
8 1 (0.45%) GoldenSource
8 1 (0.45%) IBM
8 1 (0.45%) Planview
8 1 (0.45%) Reuters
8 1 (0.45%) Wallstreet Suite