Period
to 10 August 2020

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 10 August 2020 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
10 Aug 2020
Same period 2019 Same period 2018
Rank 508 725 688
Rank change year-on-year +217 -37 -413
Contract jobs citing MiFID 42 125 210
As % of all contract jobs advertised in the UK 0.12% 0.14% 0.20%
As % of the Quality Assurance & Compliance category 1.15% 1.33% 1.78%
Number of daily rates quoted 31 99 152
Median daily rate £550 £625 £581
Median daily rate % change year-on-year -12.00% +7.53% +1.09%
10th Percentile £490 £455 £425
90th Percentile £688 £725 £761
UK excluding London median daily rate £298 £588 £475
% change year-on-year -49.36% +23.68% +5.56%
Number of hourly rates quoted 0 2 0
Median hourly rate - £19.33 -
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 3,638 9,426 11,818
As % of all contract IT jobs advertised in the UK 10.39% 10.28% 11.43%
Number of daily rates quoted 2,126 5,832 7,499
Median daily rate £458 £450 £450
Median daily rate % change year-on-year +1.67% - +0.56%
10th Percentile £256 £228 £250
90th Percentile £645 £638 £638
UK excluding London median daily rate £425 £425 £400
% change year-on-year - +6.25% +1.27%
Number of hourly rates quoted 187 425 384
Median hourly rate £26.50 £22.00 £23.25
Median hourly rate % change year-on-year +20.45% -5.38% +6.16%
10th Percentile £11.82 £10.92 £11.25
90th Percentile £50.85 £53.75 £52.50
Median hourly rate £22.55 £23.17 £22.00
% change year-on-year -2.70% +5.32% +10.00%

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 10 August 2020.

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 5 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 10 August 2020. 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 +215 39 £550 -12.00% 9
London +137 39 £550 -12.00% 9
UK excluding London +230 3 £298 -49.36%
Scotland - 2 - -
Northern Ireland - 1 £298 -

For the 6 months to 10 August 2020, 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 23 (54.76%) Finance
2 22 (52.38%) Banking
3 16 (38.10%) Front Office
4 14 (33.33%) SQL
5 11 (26.19%) EMIR
6 9 (21.43%) Agile Software Development
6 9 (21.43%) Foreign Exchange (FX)
6 9 (21.43%) Big Data
7 8 (19.05%) Problem-Solving
8 7 (16.67%) Concurrent Programming
8 7 (16.67%) Apache Spark
8 7 (16.67%) Java
8 7 (16.67%) SQL Server
8 7 (16.67%) Kafka
8 7 (16.67%) Akka
8 7 (16.67%) Scala
8 7 (16.67%) Haskell
8 7 (16.67%) Multithreading
8 7 (16.67%) Electronic Trading
9 6 (14.29%) TDD
10 5 (11.90%) Asset Management
10 5 (11.90%) Microsoft
10 5 (11.90%) Python
10 5 (11.90%) C#
10 5 (11.90%) .NET
10 5 (11.90%) TeamCity
10 5 (11.90%) Investment Banking
11 4 (9.52%) Data Analysis
11 4 (9.52%) .NET Framework
11 4 (9.52%) Degree

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 (16.67%) Apache Spark
2 2 (4.76%) Confluence
3 1 (2.38%) SharePoint
Applications
1 3 (7.14%) Microsoft Office
2 1 (2.38%) Microsoft Excel
Business Applications
1 4 (9.52%) Markit EDM
1 4 (9.52%) thinkFolio
Cloud Services
1 2 (4.76%) Azure
Communications & Networking
1 1 (2.38%) FIX Connectivity
1 1 (2.38%) LAN
1 1 (2.38%) TCP/IP
1 1 (2.38%) WAN
Database & Business Intelligence
1 9 (21.43%) Big Data
2 7 (16.67%) SQL Server
3 3 (7.14%) Relational Database
4 2 (4.76%) RDBMS
4 2 (4.76%) SQL Server Integration Services
4 2 (4.76%) SQL Server Reporting Services
5 1 (2.38%) Hadoop
Development Applications
1 5 (11.90%) TeamCity
2 4 (9.52%) JIRA
3 3 (7.14%) SpecFlow
4 2 (4.76%) Octopus Deploy
4 2 (4.76%) VersionOne
General
1 23 (54.76%) Finance
2 22 (52.38%) Banking
3 16 (38.10%) Front Office
4 5 (11.90%) Investment Banking
5 3 (7.14%) Legal
6 2 (4.76%) Back Office
6 2 (4.76%) Retail Banking
7 1 (2.38%) Financial Institution
Job Titles
1 18 (42.86%) Developer
2 10 (23.81%) Analyst
3 8 (19.05%) Senior Developer
4 6 (14.29%) Business Analyst
4 6 (14.29%) Scala Developer
4 6 (14.29%) Senior Scala Developer
5 4 (9.52%) .NET Developer
5 4 (9.52%) SQL Developer
6 3 (7.14%) Project Manager
6 3 (7.14%) Python Developer
6 3 (7.14%) Report Analyst
6 3 (7.14%) Report Developer
7 2 (4.76%) Azure Engineer
7 2 (4.76%) C# .NET Developer
7 2 (4.76%) C# Developer
7 2 (4.76%) Cloud Engineer
7 2 (4.76%) MiFID Business Analyst
7 2 (4.76%) SSIS Developer
7 2 (4.76%) Technical Writer
7 2 (4.76%) Test Leader
Libraries, Frameworks & Software Standards
1 7 (16.67%) Akka
1 7 (16.67%) Kafka
2 5 (11.90%) .NET
3 4 (9.52%) .NET Framework
3 4 (9.52%) Entity Framework
4 3 (7.14%) AngularJS
4 3 (7.14%) ASP.NET
4 3 (7.14%) KnockoutJS
4 3 (7.14%) WCF
4 3 (7.14%) WPF
5 2 (4.76%) jQuery
5 2 (4.76%) JSON
5 2 (4.76%) LINQ
5 2 (4.76%) RabbitMQ
5 2 (4.76%) WebSphere MQ
5 2 (4.76%) XML
6 1 (2.38%) FIX Protocol
6 1 (2.38%) FpML
6 1 (2.38%) Middleware
6 1 (2.38%) Velocity
Miscellaneous
1 9 (21.43%) Foreign Exchange (FX)
2 4 (9.52%) Analytical Skills
3 3 (7.14%) Client/Server
4 2 (4.76%) Derivative
4 2 (4.76%) Equities
4 2 (4.76%) Fixed Income
4 2 (4.76%) Hedge funds
5 1 (2.38%) ASIC
5 1 (2.38%) Greenfield Project
Operating Systems
1 3 (7.14%) Unix
2 2 (4.76%) Linux
2 2 (4.76%) Windows
Processes & Methodologies
1 9 (21.43%) Agile Software Development
2 8 (19.05%) Problem-Solving
3 7 (16.67%) Concurrent Programming
3 7 (16.67%) Electronic Trading
3 7 (16.67%) Multithreading
4 6 (14.29%) TDD
5 5 (11.90%) Asset Management
6 4 (9.52%) Data Analysis
6 4 (9.52%) Investment Management
6 4 (9.52%) Project Management
6 4 (9.52%) Stakeholder Management
6 4 (9.52%) Test Scripting
7 3 (7.14%) BDD
7 3 (7.14%) Business Analysis
7 3 (7.14%) Test Automation
7 3 (7.14%) Time Management
8 2 (4.76%) Agile Testing
8 2 (4.76%) Data Development
8 2 (4.76%) Front End Development
8 2 (4.76%) Software Delivery
Programming Languages
1 14 (33.33%) SQL
2 7 (16.67%) Haskell
2 7 (16.67%) Java
2 7 (16.67%) Scala
3 5 (11.90%) C#
3 5 (11.90%) Python
4 3 (7.14%) JavaScript
5 2 (4.76%) PL/SQL
6 1 (2.38%) Java 8
6 1 (2.38%) R
Qualifications
1 4 (9.52%) Degree
Quality Assurance & Compliance
1 11 (26.19%) EMIR
2 3 (7.14%) Dodd-Frank
2 3 (7.14%) QA
Systems Management
1 2 (4.76%) HP Quality Center
2 1 (2.38%) Ansible
2 1 (2.38%) Opscode Chef
2 1 (2.38%) Puppet
Vendors
1 5 (11.90%) Microsoft
2 3 (7.14%) Charles River
2 3 (7.14%) DevExpress
2 3 (7.14%) IBM
2 3 (7.14%) Oracle
2 3 (7.14%) Sybase
3 1 (2.38%) Bloomberg
3 1 (2.38%) Progress