Period
to 24 April 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 24 April 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
24 Apr 2019
Same period 2018 Same period 2017
Rank 743 568 310
Rank change year-on-year -175 -258 +261
Contract jobs citing MiFID 103 325 714
As % of all contract IT jobs advertised in the UK 0.11% 0.32% 0.78%
As % of the Quality Assurance & Compliance category 1.04% 2.59% 6.75%
Number of daily rates quoted 77 240 558
UK median daily rate £575 £594 £575
Median daily rate % change year-on-year -3.16% +3.26% -4.17%
10th Percentile £450 £400 £438
90th Percentile £675 £763 £725
UK excluding London median daily rate £533 £475 £450
% change year-on-year +12.11% +5.56% -14.29%
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 9,943 12,533 10,585
As % of all contract IT jobs advertised in the UK 10.46% 12.40% 11.61%
Number of daily rates quoted 6,134 8,074 6,902
UK median daily rate £450 £450 £430
Median daily rate % change year-on-year - +4.65% +7.50%
10th Percentile £250 £260 £238
90th Percentile £638 £638 £625
UK excluding London median daily rate £425 £400 £400
% change year-on-year +6.25% - +6.67%
Number of hourly rates quoted 365 363 350
UK median hourly rate £21.50 £22.50 £22.48
Median hourly rate % change year-on-year -4.44% +0.11% -7.24%
10th Percentile £10.75 £12.25 £11.00
90th Percentile £50.00 £57.50 £53.83
UK excluding London median hourly rate £20.25 £24.56 £21.98
% change year-on-year -17.57% +11.76% -12.10%

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 April 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 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 24 April 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 -167 98 £583 -2.92% 1
London -147 92 £600 -
UK excluding London -16 11 £533 +12.11% 1
Scotland -7 5 £475 -
South East +5 3 £590 +2.61%
North of England +19 2 £545 +63.42%
North West +13 2 £545 +63.42%
South West - 1 - -

For the 6 months to 24 April 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 62 (60.19%) Finance
2 45 (43.69%) Banking
3 40 (38.83%) Agile Software Development
4 24 (23.30%) EMIR
5 22 (21.36%) SQL
6 21 (20.39%) Investment Banking
7 20 (19.42%) Asset Management
8 19 (18.45%) GDPR
9 18 (17.48%) Dodd-Frank
9 18 (17.48%) Front Office
10 16 (15.53%) Business Analysis
11 15 (14.56%) QA
11 15 (14.56%) Investment Management
11 15 (14.56%) Equities
12 13 (12.62%) Stakeholder Management
12 13 (12.62%) Problem-Solving
13 12 (11.65%) Analytical Skills
13 12 (11.65%) Skype
13 12 (11.65%) Financial Institution
13 12 (11.65%) Scrum
13 12 (11.65%) Fixed Income
13 12 (11.65%) Java
13 12 (11.65%) JIRA
13 12 (11.65%) Office 365
14 11 (10.68%) Verint
14 11 (10.68%) Derivative
14 11 (10.68%) Data Management
15 10 (9.71%) TDD
15 10 (9.71%) Data Analysis
15 10 (9.71%) 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 (6.80%) Confluence
2 4 (3.88%) Skype for Business
3 2 (1.94%) MS Project Server
Applications
1 7 (6.80%) Microsoft Office
2 4 (3.88%) Microsoft Project
3 3 (2.91%) Microsoft Excel
4 2 (1.94%) Microsoft PowerPoint
Business Applications
1 4 (3.88%) thinkFolio
2 3 (2.91%) Markit EDM
3 1 (0.97%) Summit
3 1 (0.97%) SunGard APT
3 1 (0.97%) Temenos T24
Cloud Services
1 12 (11.65%) Office 365
2 5 (4.85%) Amazon AWS
3 2 (1.94%) Google Cloud Platform
3 2 (1.94%) Microsoft Azure
4 1 (0.97%) Amazon CloudWatch
4 1 (0.97%) Amazon EC2
4 1 (0.97%) Amazon S3
Communications & Networking
1 12 (11.65%) Skype
2 4 (3.88%) Unified Communications
3 1 (0.97%) BGP
3 1 (0.97%) Cisco Nexus
3 1 (0.97%) Firewall
3 1 (0.97%) LAN
3 1 (0.97%) WAN
Database & Business Intelligence
1 6 (5.83%) SQL Server
2 5 (4.85%) Relational Database
3 4 (3.88%) RDBMS
4 3 (2.91%) Big Data
4 3 (2.91%) Hadoop
5 2 (1.94%) KDB
6 1 (0.97%) Apache Hive
6 1 (0.97%) BusinessObjects
6 1 (0.97%) BusinessObjects Business Intelligence
6 1 (0.97%) Data Warehouse
6 1 (0.97%) HBase
6 1 (0.97%) SQL Server Reporting Services
Development Applications
1 12 (11.65%) JIRA
2 9 (8.74%) Jenkins
3 8 (7.77%) Cucumber
4 7 (6.80%) Git (software)
5 5 (4.85%) Maven
6 4 (3.88%) Subversion
7 2 (1.94%) ER Studio
7 2 (1.94%) Selenium
7 2 (1.94%) SoapUI
7 2 (1.94%) Zephyr
8 1 (0.97%) Hudson
8 1 (0.97%) JUnit
8 1 (0.97%) TeamCity
General
1 62 (60.19%) Finance
2 45 (43.69%) Banking
3 21 (20.39%) Investment Banking
4 18 (17.48%) Front Office
5 12 (11.65%) Financial Institution
6 4 (3.88%) Back Office
7 3 (2.91%) Legal
8 2 (1.94%) Telecoms
9 1 (0.97%) Games
9 1 (0.97%) Private Banking
9 1 (0.97%) Retail
Job Titles
1 47 (45.63%) Analyst
2 34 (33.01%) Business Analyst
3 15 (14.56%) Regulatory Business Analyst
4 14 (13.59%) Developer
5 12 (11.65%) Project Manager
6 8 (7.77%) Java Developer
7 7 (6.80%) Consultant
7 7 (6.80%) MiFID Business Analyst
8 6 (5.83%) Asset Management Analyst
8 6 (5.83%) Report Analyst
8 6 (5.83%) Service Analyst
9 5 (4.85%) Asset Management Business Analyst
9 5 (4.85%) Data Analyst
9 5 (4.85%) Financial Analyst
10 4 (3.88%) Architect
10 4 (3.88%) Data Consultant
10 4 (3.88%) Financial Business Analyst
10 4 (3.88%) Financial Services Business Analyst
10 4 (3.88%) SQL Developer
10 4 (3.88%) Voice Project Manager
Libraries, Frameworks & Software Standards
1 6 (5.83%) REST
1 6 (5.83%) SOAP
1 6 (5.83%) Spring
2 5 (4.85%) AngularJS
2 5 (4.85%) JMS
2 5 (4.85%) Web Services
3 4 (3.88%) .NET
3 4 (3.88%) Apache Camel
3 4 (3.88%) React
3 4 (3.88%) Spring Integration
4 3 (2.91%) Angular 2
4 3 (2.91%) ASP.NET
4 3 (2.91%) ASP.NET Web API
4 3 (2.91%) FIX Protocol
4 3 (2.91%) Gherkin
4 3 (2.91%) XML
5 2 (1.94%) JSON
6 1 (0.97%) Java EE
6 1 (0.97%) Kafka
6 1 (0.97%) OAuth
Miscellaneous
1 15 (14.56%) Equities
2 12 (11.65%) Analytical Skills
2 12 (11.65%) Fixed Income
3 11 (10.68%) Derivative
4 8 (7.77%) Hedge funds
5 7 (6.80%) Foreign Exchange (FX)
6 4 (3.88%) Greenfield Project
7 3 (2.91%) ASIC
7 3 (2.91%) OTC Derivatives
7 3 (2.91%) User Experience
8 2 (1.94%) Algorithms
8 2 (1.94%) BYOD
8 2 (1.94%) Data Structures
8 2 (1.94%) Tandem
8 2 (1.94%) Video Conferencing
8 2 (1.94%) Virtual Team
9 1 (0.97%) Data Centre
9 1 (0.97%) Fintech
9 1 (0.97%) Private Cloud
9 1 (0.97%) Self-Motivation
Operating Systems
1 8 (7.77%) Unix
2 4 (3.88%) Linux
2 4 (3.88%) Windows
Processes & Methodologies
1 40 (38.83%) Agile Software Development
2 20 (19.42%) Asset Management
3 16 (15.53%) Business Analysis
4 15 (14.56%) Investment Management
5 13 (12.62%) Problem-Solving
5 13 (12.62%) Stakeholder Management
6 12 (11.65%) Scrum
7 11 (10.68%) Data Management
8 10 (9.71%) Data Analysis
8 10 (9.71%) Migration
8 10 (9.71%) TDD
9 9 (8.74%) Project Management
9 9 (8.74%) User Stories
10 7 (6.80%) Kanban
10 7 (6.80%) Risk Management
11 6 (5.83%) Fund Management
11 6 (5.83%) OO
11 6 (5.83%) Test Automation
12 5 (4.85%) Data Modelling
12 5 (4.85%) Scaled Agile Framework
Programming Languages
1 22 (21.36%) SQL
2 12 (11.65%) Java
3 10 (9.71%) Python
4 5 (4.85%) Java 8
5 4 (3.88%) C#
6 3 (2.91%) PL/SQL
6 3 (2.91%) VBA
7 2 (1.94%) C++
7 2 (1.94%) JavaScript
7 2 (1.94%) Perl
7 2 (1.94%) PowerShell
8 1 (0.97%) Bash Shell
8 1 (0.97%) R
8 1 (0.97%) Scala
Qualifications
1 5 (4.85%) Degree
2 1 (0.97%) AWS Certification
2 1 (0.97%) CFA
2 1 (0.97%) CISA
Quality Assurance & Compliance
1 24 (23.30%) EMIR
2 19 (18.45%) GDPR
3 18 (17.48%) Dodd-Frank
4 15 (14.56%) QA
5 9 (8.74%) FATCA
6 6 (5.83%) AIFMD
7 4 (3.88%) Basel III
8 3 (2.91%) Solvency II
8 3 (2.91%) UCITS
9 2 (1.94%) Data Quality
9 2 (1.94%) Sarbanes-Oxley
10 1 (0.97%) SEPA
10 1 (0.97%) SLA
System Software
1 1 (0.97%) HDFS
Systems Management
1 3 (2.91%) Ansible
2 1 (0.97%) Puppet
Vendors
1 11 (10.68%) Verint
2 10 (9.71%) BT
2 10 (9.71%) Microsoft
2 10 (9.71%) Speakerbus
3 7 (6.80%) Avaya
3 7 (6.80%) Red Box
4 6 (5.83%) Oracle
5 5 (4.85%) MuleSoft
6 4 (3.88%) Proofpoint
7 3 (2.91%) GoldenSource
8 2 (1.94%) Bloomberg
8 2 (1.94%) Google
8 2 (1.94%) Murex
8 2 (1.94%) Tradeweb
9 1 (0.97%) Calypso
9 1 (0.97%) CheckPoint
9 1 (0.97%) Fidessa
9 1 (0.97%) Splunk
9 1 (0.97%) Sun
9 1 (0.97%) Temenos