Period
to 17 December 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 17 December 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
17 Dec 2018
Same period 2017 Same period 2016
Rank 755 325 513
Rank change year-on-year -430 +188 +36
Contract jobs citing MiFID 135 796 412
As % of all contract IT jobs advertised in the UK 0.13% 0.78% 0.40%
As % of the Quality Assurance & Compliance category 1.20% 6.10% 3.55%
Number of daily rates quoted 100 599 311
UK median daily rate £578 £575 £575
Median daily rate % change year-on-year +0.43% - -4.17%
10th Percentile £450 £388 £425
90th Percentile £750 £750 £725
UK excluding London median daily rate £475 £450 £500
% change year-on-year +5.56% -10.00% -16.67%
Number of hourly rates quoted 0 1 0
UK median hourly rate - £25.50 -
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 11,215 13,057 11,605
As % of all contract IT jobs advertised in the UK 10.69% 12.72% 11.40%
Number of daily rates quoted 7,103 8,579 7,559
UK median daily rate £450 £440 £425
Median daily rate % change year-on-year +2.27% +3.53% +4.17%
10th Percentile £250 £256 £225
90th Percentile £625 £638 £603
UK excluding London median daily rate £411 £400 £396
% change year-on-year +2.81% +1.07% +2.13%
Number of hourly rates quoted 390 362 410
UK median hourly rate £20.24 £20.80 £22.50
Median hourly rate % change year-on-year -2.72% -7.56% -
10th Percentile £11.00 £11.03 £10.50
90th Percentile £47.50 £50.54 £45.75
UK excluding London median hourly rate £19.63 £21.65 £25.00
% change year-on-year -9.33% -13.42% +11.11%

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 17 December 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 6 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 17 December 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 -425 125 £600 +4.35% 22
London -328 123 £600 +4.35% 21
UK excluding London -74 11 £475 +5.56% 1
Scotland -28 9 £463 +2.78%
South West -18 1 - -
South East -25 1 £625 +38.89% 1

For the 6 months to 17 December 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 71 (52.59%) Banking
2 63 (46.67%) Finance
3 47 (34.81%) EMIR
4 42 (31.11%) Agile Software Development
5 35 (25.93%) Dodd-Frank
6 30 (22.22%) Investment Banking
7 28 (20.74%) Equities
8 27 (20.00%) Front Office
9 24 (17.78%) GDPR
10 23 (17.04%) Stakeholder Management
11 22 (16.30%) SQL
12 20 (14.81%) Fixed Income
13 19 (14.07%) JIRA
14 17 (12.59%) Foreign Exchange (FX)
15 14 (10.37%) Linux
15 14 (10.37%) Derivative
15 14 (10.37%) Business Analysis
15 14 (10.37%) Analytical Skills
16 13 (9.63%) Asset Management
17 12 (8.89%) QA
17 12 (8.89%) User Acceptance Testing
17 12 (8.89%) Investment Management
17 12 (8.89%) Data Mapping
17 12 (8.89%) Business Intelligence
17 12 (8.89%) Microsoft
17 12 (8.89%) Project Management
17 12 (8.89%) Oracle
17 12 (8.89%) Skype
18 11 (8.15%) Elasticsearch
18 11 (8.15%) Office 365

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 11 (8.15%) Apache
1 11 (8.15%) Elasticsearch
2 10 (7.41%) Confluence
3 7 (5.19%) WordPress
4 6 (4.44%) Skype for Business
5 4 (2.96%) Apache Spark
6 1 (0.74%) CMS
6 1 (0.74%) Office Communications Server
Applications
1 7 (5.19%) Microsoft Excel
2 5 (3.70%) Microsoft Office
3 2 (1.48%) Microsoft Project
3 2 (1.48%) MS Visio
4 1 (0.74%) Microsoft PowerPoint
Business Applications
1 2 (1.48%) IntelliMatch
2 1 (0.74%) RMDS
2 1 (0.74%) Summit
2 1 (0.74%) Temenos T24
2 1 (0.74%) thinkFolio
Cloud Services
1 11 (8.15%) Office 365
2 2 (1.48%) Amazon AWS
2 2 (1.48%) Google Cloud Platform
2 2 (1.48%) Microsoft Azure
Communications & Networking
1 12 (8.89%) Skype
2 1 (0.74%) DSL
2 1 (0.74%) PSTN
Database & Business Intelligence
1 10 (7.41%) SQL Server Reporting Services
2 9 (6.67%) SQL Server
2 9 (6.67%) SQL Server Integration Services
3 7 (5.19%) PostgreSQL
3 7 (5.19%) Relational Database
4 4 (2.96%) Big Data
4 4 (2.96%) Crystal Reports
4 4 (2.96%) NoSQL
5 3 (2.22%) Data Warehouse
5 3 (2.22%) RDBMS
6 2 (1.48%) DB2
6 2 (1.48%) Hadoop
6 2 (1.48%) OLAP
7 1 (0.74%) Apache Hive
7 1 (0.74%) BusinessObjects
7 1 (0.74%) BusinessObjects Business Intelligence
7 1 (0.74%) HBase
Development Applications
1 19 (14.07%) JIRA
2 10 (7.41%) Git (software)
2 10 (7.41%) Jenkins
3 7 (5.19%) gulp
3 7 (5.19%) PhpStorm
3 7 (5.19%) Sonatype Nexus
4 6 (4.44%) Cucumber
5 3 (2.22%) Maven
5 3 (2.22%) Subversion
6 2 (1.48%) Atlassian Bamboo
6 2 (1.48%) ER Studio
6 2 (1.48%) JBehave
7 1 (0.74%) Concordion
7 1 (0.74%) JIRA Agile
7 1 (0.74%) Selenium
7 1 (0.74%) SoapUI
7 1 (0.74%) Zephyr
General
1 71 (52.59%) Banking
2 63 (46.67%) Finance
3 30 (22.22%) Investment Banking
4 27 (20.00%) Front Office
5 10 (7.41%) Back Office
6 8 (5.93%) Financial Institution
7 5 (3.70%) Legal
8 4 (2.96%) Private Banking
9 2 (1.48%) Retail
10 1 (0.74%) Dutch Language
10 1 (0.74%) French Language
10 1 (0.74%) General Ledger
Job Titles
1 57 (42.22%) Analyst
2 46 (34.07%) Business Analyst
3 30 (22.22%) Developer
4 23 (17.04%) Project Manager
5 13 (9.63%) MiFID Business Analyst
6 8 (5.93%) Regulatory Business Analyst
6 8 (5.93%) Report Analyst
7 7 (5.19%) Front End Developer (Client-Side Developer)
8 6 (4.44%) Architect
8 6 (4.44%) Banking Analyst
8 6 (4.44%) Business IT Analyst
8 6 (4.44%) Compliance Specialist
8 6 (4.44%) Front End Web Developer (Client-Side Developer)
8 6 (4.44%) Investment Management Business Analyst
8 6 (4.44%) IT Analyst
8 6 (4.44%) IT Business Analyst
8 6 (4.44%) Web Developer
9 5 (3.70%) Banking Business Analyst
9 5 (3.70%) Project Analyst
9 5 (3.70%) Technical Specialist
Libraries, Frameworks & Software Standards
1 10 (7.41%) .NET
2 7 (5.19%) CSS
2 7 (5.19%) jQuery
2 7 (5.19%) Kendo UI
2 7 (5.19%) LAPP Stack
2 7 (5.19%) Twitter Bootstrap
3 6 (4.44%) FIX Protocol
4 5 (3.70%) REST
5 4 (2.96%) AngularJS
5 4 (2.96%) SOAP
6 3 (2.22%) Apache Camel
6 3 (2.22%) JMS
6 3 (2.22%) React
6 3 (2.22%) Spring
6 3 (2.22%) Spring Integration
6 3 (2.22%) Web Services
6 3 (2.22%) XML
7 2 (1.48%) FpML
7 2 (1.48%) JSON
8 1 (0.74%) WCF
Miscellaneous
1 28 (20.74%) Equities
2 20 (14.81%) Fixed Income
3 17 (12.59%) Foreign Exchange (FX)
4 14 (10.37%) Analytical Skills
4 14 (10.37%) Derivative
5 5 (3.70%) Hedge funds
6 4 (2.96%) Grid Computing
6 4 (2.96%) OTC Derivatives
7 2 (1.48%) Algorithms
7 2 (1.48%) Self-Motivation
8 1 (0.74%) ASIC
8 1 (0.74%) Fintech
8 1 (0.74%) Greenfield Project
8 1 (0.74%) Market Risk
8 1 (0.74%) Reference Data
8 1 (0.74%) Robotics
8 1 (0.74%) Taxonomies
8 1 (0.74%) User Experience
8 1 (0.74%) Virtual Team
8 1 (0.74%) VWAP
Operating Systems
1 14 (10.37%) Linux
2 8 (5.93%) Unix
3 5 (3.70%) Windows
Processes & Methodologies
1 42 (31.11%) Agile Software Development
2 23 (17.04%) Stakeholder Management
3 14 (10.37%) Business Analysis
4 13 (9.63%) Asset Management
5 12 (8.89%) Business Intelligence
5 12 (8.89%) Data Mapping
5 12 (8.89%) Investment Management
5 12 (8.89%) Project Management
5 12 (8.89%) User Acceptance Testing
6 10 (7.41%) Scrum
7 8 (5.93%) Data Analysis
7 8 (5.93%) Wealth Management
8 7 (5.19%) BDD
8 7 (5.19%) Continuous Integration
8 7 (5.19%) TDD
8 7 (5.19%) Web Development
9 6 (4.44%) Problem-Solving
10 5 (3.70%) Data Modelling
10 5 (3.70%) OO
10 5 (3.70%) Risk Management
Programming Languages
1 22 (16.30%) SQL
2 11 (8.15%) C#
3 9 (6.67%) T-SQL
3 9 (6.67%) VB.NET
4 7 (5.19%) JavaScript
4 7 (5.19%) PHP
4 7 (5.19%) Python
5 6 (4.44%) Java
6 4 (2.96%) Scala
7 3 (2.22%) Bash Shell
7 3 (2.22%) C++
7 3 (2.22%) Java 8
7 3 (2.22%) Perl
8 2 (1.48%) Korn
8 2 (1.48%) PowerShell
8 2 (1.48%) VBA
9 1 (0.74%) C
9 1 (0.74%) PL/SQL
Qualifications
1 7 (5.19%) Degree
2 2 (1.48%) ISEB
3 1 (0.74%) CFA
3 1 (0.74%) CISA
3 1 (0.74%) Master's Degree
3 1 (0.74%) PMP
3 1 (0.74%) Six Sigma Black Belt
3 1 (0.74%) Six Sigma Green Belt
Quality Assurance & Compliance
1 47 (34.81%) EMIR
2 35 (25.93%) Dodd-Frank
3 24 (17.78%) GDPR
4 12 (8.89%) QA
5 8 (5.93%) Solvency II
6 6 (4.44%) AIFMD
6 6 (4.44%) FATCA
System Software
1 7 (5.19%) Docker
2 1 (0.74%) HDFS
Systems Management
1 9 (6.67%) Ansible
2 2 (1.48%) ITRS Geneos
Vendors
1 12 (8.89%) Microsoft
1 12 (8.89%) Oracle
2 10 (7.41%) Verint
3 9 (6.67%) BT
3 9 (6.67%) Speakerbus
4 6 (4.44%) Proofpoint
5 4 (2.96%) Avaya
5 4 (2.96%) Red Box
5 4 (2.96%) Tableau
6 3 (2.22%) MuleSoft
7 2 (1.48%) ION Trading
7 2 (1.48%) Murex
8 1 (0.74%) Calypso
8 1 (0.74%) Cognos
8 1 (0.74%) Fidessa
8 1 (0.74%) Reuters
8 1 (0.74%) Temenos
8 1 (0.74%) Vermilion