Period
to 23 November 2017

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 23 November 2017 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
23 Nov 2017
Same period 2016 Same period 2015
Rank 300 522 567
Rank change year-on-year +222 +45 +279
Contract jobs citing MiFID 865 402 348
As % of all contract IT jobs advertised in the UK 0.84% 0.38% 0.31%
As % of the Quality Assurance & Compliance category 6.59% 3.37% 2.59%
Number of daily rates quoted 644 301 221
UK median daily rate £575 £575 £600
Median daily rate % change year-on-year - -4.17% +4.35%
10th Percentile £378 £425 £458
90th Percentile £750 £725 £738
UK excluding London median daily rate £425 £500 £600
% change year-on-year -15.00% -16.67% +71.43%
Number of hourly rates quoted 1 0 1
UK median hourly rate £25.50 - £17.00
UK excluding London median hourly rate - - £17.00

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 13132 11937 13459
As % of all contract IT jobs advertised in the UK 12.74% 11.34% 11.84%
Number of daily rates quoted 8585 7781 8508
UK median daily rate £440 £425 £407
Median daily rate % change year-on-year +3.53% +4.42% +1.75%
10th Percentile £256 £225 £230
90th Percentile £638 £600 £588
UK excluding London median daily rate £400 £390 £388
% change year-on-year +2.56% +0.65% +6.90%
Number of hourly rates quoted 381 424 477
UK median hourly rate £20.00 £22.84 £22.50
Median hourly rate % change year-on-year -12.42% +1.49% +18.42%
10th Percentile £11.25 £10.82 £11.61
90th Percentile £50.00 £46.53 £51.27
UK excluding London median hourly rate £20.25 £25.00 £22.38
% change year-on-year -19.00% +11.73% +14.74%

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 23 November 2017.

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 12 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 23 November 2017. 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 +215 828 £575 - 22
London +130 795 £575 - 21
UK excluding London +78 65 £425 -15.00% 2
Scotland +24 31 £425 +25.93% 1
South East +12 16 £450 -18.18%
Midlands - 6 £500 -
North of England +59 5 £400 -21.95% 1
North West +22 5 £400 -23.81% 1
West Midlands - 5 £500 -
South West -7 4 £363 -30.95%
East of England - 2 £500 -
Channel Islands - 1 £575 -

For the 6 months to 23 November 2017, IT contractor jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for MiFID.

1 469 (54.22%) Finance
2 352 (40.69%) Banking
3 250 (28.90%) Front Office
4 197 (22.77%) EMIR
5 173 (20.00%) Investment Banking
6 171 (19.77%) Derivative
7 170 (19.65%) Agile Software Development
8 163 (18.84%) SQL
9 150 (17.34%) Equities
10 146 (16.88%) Business Analysis
11 142 (16.42%) Java
12 141 (16.30%) Foreign Exchange (FX)
12 141 (16.30%) Fixed Income
13 103 (11.91%) Dodd-Frank
14 97 (11.21%) Stakeholder Management
15 96 (11.10%) Asset Management
16 92 (10.64%) FIX Protocol
16 92 (10.64%) Change Management
17 91 (10.52%) Project Management
18 85 (9.83%) Investment Management
19 77 (8.90%) User Acceptance Testing
20 76 (8.79%) QA
21 72 (8.32%) .NET
22 69 (7.98%) Unix
23 68 (7.86%) C#
24 64 (7.40%) SDLC
25 62 (7.17%) Electronic Trading
26 60 (6.94%) Risk Management
27 56 (6.47%) Test Automation
28 54 (6.24%) XML

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 13 (1.50%) IIS
1 13 (1.50%) SharePoint
2 10 (1.16%) WebSphere
3 8 (0.92%) Confluence
4 7 (0.81%) Tomcat
5 6 (0.69%) Apache
5 6 (0.69%) WildFly
6 5 (0.58%) MQSeries
7 4 (0.46%) Apache Spark
8 2 (0.23%) Oracle Workflow
9 1 (0.12%) WebLogic
Applications
1 35 (4.05%) Microsoft Excel
2 25 (2.89%) Microsoft PowerPoint
3 19 (2.20%) Microsoft Office
4 18 (2.08%) MS Visio
5 13 (1.50%) Microsoft Project
6 5 (0.58%) Spreadsheet
Business Applications
1 20 (2.31%) Markit EDM
2 12 (1.39%) ION MarketView
3 9 (1.04%) Bloomberg TOMS
4 7 (0.81%) Summit
4 7 (0.81%) SunGard GMI
5 6 (0.69%) Sentinel
6 4 (0.46%) IntelliMatch
6 4 (0.46%) Minerva
7 2 (0.23%) Eagle PACE
7 2 (0.23%) Endur
7 2 (0.23%) Temenos T24
8 1 (0.12%) RMDS
8 1 (0.12%) SimCorp Dimension
8 1 (0.12%) thinkFolio
Cloud Services
1 1 (0.12%) SaaS
Communications & Networking
1 17 (1.97%) FIX Connectivity
2 14 (1.62%) TCP/IP
3 8 (0.92%) LAN
4 7 (0.81%) WAN
5 4 (0.46%) PPP
6 2 (0.23%) Intranet
6 2 (0.23%) Remote Desktop
6 2 (0.23%) VoIP
7 1 (0.12%) DSL
7 1 (0.12%) GSM
Database & Business Intelligence
1 48 (5.55%) SQL Server
2 42 (4.86%) Blockchain
3 23 (2.66%) Big Data
4 20 (2.31%) Data Warehouse
5 16 (1.85%) Relational Database
6 14 (1.62%) SQL Server Integration Services
6 14 (1.62%) SQL Server Reporting Services
7 10 (1.16%) DB2
7 10 (1.16%) KDB
8 9 (1.04%) Hadoop
9 7 (0.81%) Kdb+
9 7 (0.81%) NoSQL
9 7 (0.81%) Oracle Database
10 6 (0.69%) HBase
11 5 (0.58%) MariaDB
11 5 (0.58%) SQL Server 2014
12 4 (0.46%) Data Lake
12 4 (0.46%) MongoDB
13 3 (0.35%) Oracle Database 11g
13 3 (0.35%) SQL Server Analysis Services
Development Applications
1 36 (4.16%) JIRA
2 16 (1.85%) Jenkins
3 12 (1.39%) Cucumber
3 12 (1.39%) Team Foundation Server
4 10 (1.16%) Git (software)
4 10 (1.16%) Maven
5 8 (0.92%) JUnit
5 8 (0.92%) Visual Studio
6 7 (0.81%) Ant
6 7 (0.81%) Hudson
6 7 (0.81%) Selenium
7 6 (0.69%) TeamCity
8 5 (0.58%) Gradle
8 5 (0.58%) MSTest
9 4 (0.46%) FitNesse
9 4 (0.46%) JBehave
10 2 (0.23%) HP UFT
10 2 (0.23%) Subversion
11 1 (0.12%) NUnit
11 1 (0.12%) TestNG
General
1 469 (54.22%) Finance
2 352 (40.69%) Banking
3 250 (28.90%) Front Office
4 173 (20.00%) Investment Banking
5 53 (6.13%) Back Office
6 52 (6.01%) Financial Institution
7 25 (2.89%) Legal
8 14 (1.62%) Private Banking
9 10 (1.16%) Retail Banking
10 9 (1.04%) French Language
11 8 (0.92%) Corporate Banking
12 5 (0.58%) Marketing
13 4 (0.46%) International Banking
13 4 (0.46%) Retail
14 2 (0.23%) Advertising
14 2 (0.23%) Electronics
14 2 (0.23%) Law
14 2 (0.23%) Manufacturing
14 2 (0.23%) Telecoms
15 1 (0.12%) Pharmaceutical
Job Titles
1 384 (44.39%) Analyst
2 291 (33.64%) Business Analyst
3 210 (24.28%) Developer
4 141 (16.30%) MiFID Business Analyst
5 103 (11.91%) Project Manager
6 87 (10.06%) Java Developer
7 48 (5.55%) Senior Developer
8 47 (5.43%) Test Analyst
9 46 (5.32%) Regulatory Business Analyst
10 45 (5.20%) C# Developer
11 41 (4.74%) SQL Developer
12 37 (4.28%) Banking Analyst
13 35 (4.05%) MiFID Project Manager
14 32 (3.70%) Senior Analyst
15 29 (3.35%) Financial Analyst
15 29 (3.35%) Project Analyst
16 27 (3.12%) Architect
17 25 (2.89%) Report Analyst
18 23 (2.66%) Test Manager
19 22 (2.54%) Consultant
Libraries, Frameworks & Software Standards
1 92 (10.64%) FIX Protocol
2 72 (8.32%) .NET
3 54 (6.24%) XML
4 28 (3.24%) FpML
5 26 (3.01%) Middleware
5 26 (3.01%) Web Services
6 25 (2.89%) Kafka
7 24 (2.77%) Spring
8 20 (2.31%) JSON
9 19 (2.20%) HTML
10 18 (2.08%) SOAP
11 17 (1.97%) RabbitMQ
12 14 (1.62%) Entity Framework
12 14 (1.62%) HTML5
12 14 (1.62%) JMS
12 14 (1.62%) WPF
13 11 (1.27%) ASP.NET
13 11 (1.27%) WCF
13 11 (1.27%) WebSphere MQ
13 11 (1.27%) WinForms
Miscellaneous
1 171 (19.77%) Derivative
2 150 (17.34%) Equities
3 141 (16.30%) Fixed Income
3 141 (16.30%) Foreign Exchange (FX)
4 54 (6.24%) Analytical Skills
5 51 (5.90%) OTC Derivatives
6 39 (4.51%) Fintech
7 32 (3.70%) Reference Data
8 24 (2.77%) Market Risk
9 20 (2.31%) Management Information System
10 18 (2.08%) Equity Derivative
10 18 (2.08%) Greenfield Project
11 15 (1.73%) Data Structures
12 13 (1.50%) PMI
13 11 (1.27%) Hedge funds
14 10 (1.16%) Computer Science
15 9 (1.04%) Interest Rate Derivative
16 8 (0.92%) Swaptions
17 7 (0.81%) SWIFT
18 6 (0.69%) Algorithms
Operating Systems
1 69 (7.98%) Unix
2 54 (6.24%) Linux
3 27 (3.12%) Windows
4 4 (0.46%) Windows Server
5 1 (0.12%) Red Hat Enterprise Linux
5 1 (0.12%) Solaris
Processes & Methodologies
1 170 (19.65%) Agile Software Development
2 146 (16.88%) Business Analysis
3 97 (11.21%) Stakeholder Management
4 96 (11.10%) Asset Management
5 92 (10.64%) Change Management
6 91 (10.52%) Project Management
7 85 (9.83%) Investment Management
8 77 (8.90%) User Acceptance Testing
9 64 (7.40%) SDLC
10 62 (7.17%) Electronic Trading
11 60 (6.94%) Risk Management
12 56 (6.47%) Test Automation
13 48 (5.55%) TDD
14 43 (4.97%) Wealth Management
15 42 (4.86%) Scrum
16 41 (4.74%) Multithreading
17 37 (4.28%) Data Modelling
18 34 (3.93%) PRINCE2
19 33 (3.82%) Low Latency
19 33 (3.82%) Test Strategy
Programming Languages
1 163 (18.84%) SQL
2 142 (16.42%) Java
3 68 (7.86%) C#
4 49 (5.66%) Python
5 38 (4.39%) T-SQL
6 33 (3.82%) C++
7 23 (2.66%) JavaScript
8 20 (2.31%) Perl
9 15 (1.73%) Ruby
9 15 (1.73%) Shell Script
10 13 (1.50%) Scala
11 10 (1.16%) C
12 8 (0.92%) PL/SQL
12 8 (0.92%) VBA
13 4 (0.46%) PowerShell
13 4 (0.46%) Tcl
14 3 (0.35%) Bash Shell
15 2 (0.23%) VB
16 1 (0.12%) PHP
16 1 (0.12%) XQuery
Qualifications
1 26 (3.01%) Degree
2 18 (2.08%) PMI Certification
3 16 (1.85%) PMP
4 9 (1.04%) ISEB
5 5 (0.58%) PRINCE2 Certification
6 4 (0.46%) APMP
6 4 (0.46%) Computer Science Degree
6 4 (0.46%) PRINCE2 Practitioner
7 3 (0.35%) IIBA
7 3 (0.35%) ISTQB
8 2 (0.23%) ISEB Practitioner
8 2 (0.23%) Master's Degree
8 2 (0.23%) Numerate Degree
9 1 (0.12%) CBAP
9 1 (0.12%) CFA
Quality Assurance & Compliance
1 197 (22.77%) EMIR
2 103 (11.91%) Dodd-Frank
3 76 (8.79%) QA
4 41 (4.74%) GDPR
5 32 (3.70%) PMO
6 25 (2.89%) FATCA
7 22 (2.54%) Solvency II
8 18 (2.08%) AIFMD
9 10 (1.16%) Sarbanes-Oxley
10 9 (1.04%) Data Quality
11 7 (0.81%) IFRS
12 5 (0.58%) UCITS
13 4 (0.46%) PSD2
14 3 (0.35%) Basel II
15 1 (0.12%) IFRS 9
System Software
1 2 (0.23%) Active Directory
2 1 (0.12%) Apache ZooKeeper
2 1 (0.12%) HDFS
Systems Management
1 12 (1.39%) HP Quality Center
2 3 (0.35%) Control-M
3 1 (0.12%) Ansible
3 1 (0.12%) Thomson Reuters DACS
Vendors
1 41 (4.74%) Microsoft
2 38 (4.39%) Bloomberg
3 29 (3.35%) Oracle
4 23 (2.66%) Charles River
5 21 (2.43%) ION Trading
5 21 (2.43%) Murex
6 19 (2.20%) Fidessa
7 18 (2.08%) TIBCO
8 15 (1.73%) Sybase
9 12 (1.39%) Solace
10 10 (1.16%) Reuters
11 7 (0.81%) CQG
11 7 (0.81%) FIS
11 7 (0.81%) SunGard
12 6 (0.69%) Informatica
13 5 (0.58%) Calypso
13 5 (0.58%) Perforce
13 5 (0.58%) Tradeweb
14 4 (0.46%) Citrix
14 4 (0.46%) IBM