Period
to 21 November 2019

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 21 November 2019 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
21 Nov 2019
Same period 2018 Same period 2017
Rank 678 762 305
Rank change year-on-year +84 -457 +223
Contract jobs citing MiFID 129 138 880
As % of all contract IT jobs advertised in the UK 0.16% 0.13% 0.85%
As % of the Quality Assurance & Compliance category 1.47% 1.22% 6.70%
Number of daily rates quoted 88 100 654
UK median daily rate £583 £578 £575
Median daily rate % change year-on-year +0.87% +0.43% -
10th Percentile £413 £448 £375
90th Percentile £708 £750 £750
UK excluding London median daily rate £625 £475 £425
% change year-on-year +31.58% +11.76% -15.00%
Number of hourly rates quoted 2 0 1
UK median hourly rate £19.33 - £25.50
10th Percentile £18.32 - £23.75
90th Percentile £20.33 - £27.25
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 8,797 11,305 13,134
As % of all contract IT jobs advertised in the UK 10.57% 10.86% 12.73%
Number of daily rates quoted 5,496 7,164 8,567
UK median daily rate £450 £450 £438
Median daily rate % change year-on-year - +2.86% +2.94%
10th Percentile £225 £250 £255
90th Percentile £638 £625 £638
UK excluding London median daily rate £424 £405 £400
% change year-on-year +4.69% +1.25% +1.27%
Number of hourly rates quoted 390 387 377
UK median hourly rate £21.00 £21.76 £20.00
Median hourly rate % change year-on-year -3.49% +8.80% -12.42%
10th Percentile £11.24 £11.00 £11.25
90th Percentile £55.00 £48.75 £49.85
UK excluding London median hourly rate £22.00 £20.25 £20.00
% change year-on-year +8.67% +1.23% -20.00%

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 21 November 2019.

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 7 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 21 November 2019. 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 +99 128 £583 -2.92% 7
London +80 118 £575 -4.17% 4
UK excluding London +67 5 £625 +31.58% 3
South East +42 2 - - 3
North West - 2 £625 -
North of England - 2 £625 -
Scotland +19 1 - -

For the 6 months to 21 November 2019, 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 74 (57.36%) Finance
2 68 (52.71%) Banking
3 57 (44.19%) EMIR
4 36 (27.91%) SQL
4 36 (27.91%) Agile Software Development
5 31 (24.03%) Microsoft
6 27 (20.93%) AngularJS
7 25 (19.38%) Derivative
7 25 (19.38%) SQL Server
7 25 (19.38%) Stakeholder Management
8 23 (17.83%) SQL Server Reporting Services
8 23 (17.83%) SQL Server Integration Services
9 22 (17.05%) Dodd-Frank
10 20 (15.50%) Asset Management
11 19 (14.73%) Problem-Solving
12 18 (13.95%) Investment Banking
12 18 (13.95%) Front Office
12 18 (13.95%) C#
12 18 (13.95%) Project Management
13 17 (13.18%) Back Office
13 17 (13.18%) Selenium
14 16 (12.40%) Microsoft Office
14 16 (12.40%) Windows
15 15 (11.63%) Oracle
15 15 (11.63%) Investment Management
16 14 (10.85%) TeamCity
16 14 (10.85%) .NET
16 14 (10.85%) Java
16 14 (10.85%) JavaScript
16 14 (10.85%) Migration

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 (5.43%) Apache Spark
1 7 (5.43%) Elasticsearch
2 6 (4.65%) Apache
3 3 (2.33%) Confluence
4 1 (0.78%) Oracle Coherence
Applications
1 16 (12.40%) Microsoft Office
2 7 (5.43%) Microsoft Excel
3 5 (3.88%) Microsoft Project
4 2 (1.55%) MS Visio
5 1 (0.78%) Microsoft PowerPoint
Business Applications
1 4 (3.10%) Temenos T24
2 3 (2.33%) thinkFolio
3 1 (0.78%) Kondor
3 1 (0.78%) Markit EDM
3 1 (0.78%) SunGard APT
Cloud Services
1 1 (0.78%) AWS
Communications & Networking
1 4 (3.10%) HTTP
2 1 (0.78%) LAN
2 1 (0.78%) NAS
2 1 (0.78%) SAN
2 1 (0.78%) WAN
Database & Business Intelligence
1 25 (19.38%) SQL Server
2 23 (17.83%) SQL Server Integration Services
2 23 (17.83%) SQL Server Reporting Services
3 11 (8.53%) Data Warehouse
4 3 (2.33%) Big Data
4 3 (2.33%) Relational Database
5 2 (1.55%) MS Access
5 2 (1.55%) MySQL
6 1 (0.78%) DTS
6 1 (0.78%) Hadoop
6 1 (0.78%) RDBMS
Development Applications
1 17 (13.18%) Selenium
2 14 (10.85%) TeamCity
3 9 (6.98%) JIRA
4 7 (5.43%) Octopus Deploy
5 5 (3.88%) Git (software)
6 1 (0.78%) Cucumber
6 1 (0.78%) Jenkins
6 1 (0.78%) Maven
6 1 (0.78%) Subversion
6 1 (0.78%) Visual Studio
General
1 74 (57.36%) Finance
2 68 (52.71%) Banking
3 18 (13.95%) Front Office
3 18 (13.95%) Investment Banking
4 17 (13.18%) Back Office
5 11 (8.53%) Private Banking
6 10 (7.75%) Financial Institution
7 3 (2.33%) Legal
8 2 (1.55%) Advertising
8 2 (1.55%) German Language
9 1 (0.78%) French Language
9 1 (0.78%) International Banking
9 1 (0.78%) Italian Language
9 1 (0.78%) Japanese Language
9 1 (0.78%) Spanish Language
Job Titles
1 45 (34.88%) Developer
2 40 (31.01%) Analyst
3 25 (19.38%) Business Analyst
4 13 (10.08%) C# Developer
5 12 (9.30%) Project Manager
6 10 (7.75%) .NET Developer
6 10 (7.75%) Java Developer
6 10 (7.75%) Python Developer
7 9 (6.98%) C# .NET Developer
7 9 (6.98%) SQL Developer
7 9 (6.98%) SSIS Developer
8 7 (5.43%) Senior Business Analyst
9 6 (4.65%) Report Analyst
9 6 (4.65%) Report Developer
9 6 (4.65%) Report Manager
10 5 (3.88%) Information Security Officer
10 5 (3.88%) MiFID Business Analyst
10 5 (3.88%) Security Officer
10 5 (3.88%) Senior Analyst
10 5 (3.88%) Technical Analyst
Libraries, Frameworks & Software Standards
1 27 (20.93%) AngularJS
2 14 (10.85%) .NET
3 13 (10.08%) .NET Framework
3 13 (10.08%) Entity Framework
3 13 (10.08%) jQuery
3 13 (10.08%) JSON
3 13 (10.08%) KnockoutJS
3 13 (10.08%) WCF
4 11 (8.53%) FIX Protocol
5 9 (6.98%) XML
6 8 (6.20%) React
7 6 (4.65%) REST
8 5 (3.88%) Spring
9 4 (3.10%) Kafka
9 4 (3.10%) OAuth
9 4 (3.10%) Vue.js
10 3 (2.33%) Hibernate
10 3 (2.33%) SOAP
11 2 (1.55%) HTML
11 2 (1.55%) J2EE
Miscellaneous
1 25 (19.38%) Derivative
2 13 (10.08%) OTC Derivatives
3 12 (9.30%) Equities
3 12 (9.30%) Foreign Exchange (FX)
4 9 (6.98%) Greenfield Project
5 7 (5.43%) Analytical Skills
5 7 (5.43%) ASIC
6 6 (4.65%) Equity Derivative
7 4 (3.10%) Fixed Income
7 4 (3.10%) Hedge funds
7 4 (3.10%) Mobile App
8 3 (2.33%) Grid Computing
8 3 (2.33%) Reference Data
9 2 (1.55%) Interest Rate Derivative
9 2 (1.55%) SWIFT
10 1 (0.78%) Algorithms
10 1 (0.78%) Contract for Difference
10 1 (0.78%) Credit Derivative
10 1 (0.78%) Data Structures
10 1 (0.78%) Management Information System
Operating Systems
1 16 (12.40%) Windows
2 5 (3.88%) Unix
Processes & Methodologies
1 36 (27.91%) Agile Software Development
2 25 (19.38%) Stakeholder Management
3 20 (15.50%) Asset Management
4 19 (14.73%) Problem-Solving
5 18 (13.95%) Project Management
6 15 (11.63%) Investment Management
7 14 (10.85%) Migration
7 14 (10.85%) Scaled Agile Framework
8 13 (10.08%) Continuous Integration
8 13 (10.08%) MVC
8 13 (10.08%) Web Development
9 12 (9.30%) TDD
10 11 (8.53%) Business Analysis
10 11 (8.53%) Data Mapping
11 10 (7.75%) Cash Management
11 10 (7.75%) Microservices
12 8 (6.20%) Economics
13 7 (5.43%) OO
13 7 (5.43%) PRINCE2
13 7 (5.43%) Workflow
Programming Languages
1 36 (27.91%) SQL
2 18 (13.95%) C#
3 14 (10.85%) Java
3 14 (10.85%) JavaScript
4 13 (10.08%) PL/SQL
5 12 (9.30%) Python
6 5 (3.88%) Perl
7 3 (2.33%) AWK
7 3 (2.33%) C-shell
7 3 (2.33%) Scala
8 2 (1.55%) Java 8
8 2 (1.55%) VBA
9 1 (0.78%) C++
9 1 (0.78%) VB.NET
Qualifications
1 8 (6.20%) Degree
2 7 (5.43%) PMP
3 5 (3.88%) CISA
3 5 (3.88%) CISM
3 5 (3.88%) CISSP
4 3 (2.33%) HNC
4 3 (2.33%) HND
4 3 (2.33%) PMI Certification
5 2 (1.55%) CFA
6 1 (0.78%) PhD
Quality Assurance & Compliance
1 57 (44.19%) EMIR
2 22 (17.05%) Dodd-Frank
3 6 (4.65%) QA
4 5 (3.88%) Basel II
4 5 (3.88%) COBIT
4 5 (3.88%) GDPR
4 5 (3.88%) ISO/IEC 27001
4 5 (3.88%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
4 5 (3.88%) NIST
5 3 (2.33%) AIFMD
5 3 (2.33%) Data Quality
5 3 (2.33%) ISO 20022
5 3 (2.33%) PMO
6 2 (1.55%) UCITS
7 1 (0.78%) TARGET2
Systems Management
1 4 (3.10%) Kubernetes
2 1 (0.78%) Cisco CUCM
2 1 (0.78%) HP Quality Center
Vendors
1 31 (24.03%) Microsoft
2 15 (11.63%) Oracle
3 6 (4.65%) Tableau
4 4 (3.10%) Temenos
5 2 (1.55%) Bloomberg
6 1 (0.78%) Charles River
6 1 (0.78%) Cisco
6 1 (0.78%) Etrali
6 1 (0.78%) Misys
6 1 (0.78%) MuleSoft
6 1 (0.78%) Reuters
6 1 (0.78%) SimCorp
6 1 (0.78%) Verint