Period
to 22 January 2022

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 22 January 2022 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
22 Jan 2022
Same period 2021 Same period 2020
Rank 689 551 676
Rank change year-on-year -138 +125 +114
Contract jobs citing MiFID 132 42 90
As % of all contract jobs advertised in the UK 0.15% 0.10% 0.12%
As % of the Quality Assurance & Compliance category 1.16% 0.83% 1.11%
Number of daily rates quoted 112 31 54
10th Percentile £466 £500 £420
25th Percentile £525 £524 £495
Median daily rate (50th Percentile) £625 £588 £525
Median % change year-on-year +6.38% +11.90% -8.70%
75th Percentile £713 £650 £638
90th Percentile £784 £688 £675
UK excluding London median daily rate £430 - £525
Number of hourly rates quoted 1 0 2
10th Percentile - - -
25th Percentile £42.50 - £18.32
Median hourly rate £43.00 - £19.33
75th Percentile £43.50 - £20.33
90th Percentile - - -
UK excluding London median hourly rate £43.00 - -

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 11,354 5,033 8,092
As % of all contract IT jobs advertised in the UK 13.09% 12.06% 11.13%
Number of daily rates quoted 7,702 3,320 5,161
10th Percentile £275 £263 £240
25th Percentile £400 £368 £350
Median daily rate (50th Percentile) £500 £475 £450
Median % change year-on-year +5.26% +5.56% -
75th Percentile £600 £575 £550
90th Percentile £700 £650 £631
UK excluding London median daily rate £450 £450 £425
% change year-on-year - +5.88% -
Number of hourly rates quoted 271 222 313
10th Percentile £11.04 £10.76 £12.10
25th Percentile £14.00 £13.96 £16.25
Median hourly rate £22.09 £21.05 £20.50
Median % change year-on-year +4.94% +2.68% +1.31%
75th Percentile £49.25 £43.44 £47.50
90th Percentile £58.75 £52.50 £53.60
UK excluding London median hourly rate £18.50 £21.05 £21.42
% change year-on-year -12.11% -1.70% +6.25%

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 22 January 2022.

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 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 22 January 2022. 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
Jobs
England -112 117 £625 +7.53% 14
London -99 114 £625 +8.70% 14
UK excluding London -103 11 £430 -
Work from Home -150 7 £538 -12.24%
Scotland - 7 - -
Midlands - 2 £550 -
West Midlands - 2 £550 -
Northern Ireland - 2 £310 -

For the 6 months to 22 January 2022, 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 84 (63.64%) Banking
2 81 (61.36%) Finance
3 66 (50.00%) EMIR
4 45 (34.09%) SQL
5 39 (29.55%) Stakeholder Management
6 37 (28.03%) Social Skills
7 36 (27.27%) Data Analysis
7 36 (27.27%) QA
8 33 (25.00%) JIRA
8 33 (25.00%) Data Quality
9 31 (23.48%) GDPR
9 31 (23.48%) Investment Banking
10 30 (22.73%) Workshop Facilitation
11 29 (21.97%) Business Case
11 29 (21.97%) Fintech
11 29 (21.97%) Dashboard Development
11 29 (21.97%) Data Management
11 29 (21.97%) Taxonomies
11 29 (21.97%) Informatica
11 29 (21.97%) Collibra
12 28 (21.21%) Dodd-Frank
13 27 (20.45%) Front Office
13 27 (20.45%) Business Analysis
14 26 (19.70%) Microsoft PowerPoint
14 26 (19.70%) Derivative
15 25 (18.94%) Data Lineage
16 24 (18.18%) XML
17 23 (17.42%) Agile Software Development
18 22 (16.67%) Data Modelling
18 22 (16.67%) Confluence

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 22 (16.67%) Confluence
2 8 (6.06%) Appian
3 2 (1.52%) Apache Spark
Applications
1 26 (19.70%) Microsoft PowerPoint
2 18 (13.64%) Microsoft Excel
2 18 (13.64%) MS Visio
3 2 (1.52%) Microsoft Project
4 1 (0.76%) Microsoft Office
Business Applications
1 2 (1.52%) Orchestrade
2 1 (0.76%) Kondor
2 1 (0.76%) SunGard Martini
Cloud Services
1 29 (21.97%) Collibra
Communications & Networking
1 9 (6.82%) FIX Connectivity
Database & Business Intelligence
1 21 (15.91%) Ataccama
1 21 (15.91%) Metadata
2 2 (1.52%) Hadoop
2 2 (1.52%) SQL Server
3 1 (0.76%) Big Data
3 1 (0.76%) HBase
Development Applications
1 33 (25.00%) JIRA
2 16 (12.12%) TeamCity
3 2 (1.52%) Team Foundation Server
General
1 84 (63.64%) Banking
2 81 (61.36%) Finance
3 37 (28.03%) Social Skills
4 31 (23.48%) Investment Banking
5 27 (20.45%) Front Office
6 18 (13.64%) Analytical Skills
7 8 (6.06%) Back Office
8 5 (3.79%) Legal
9 4 (3.03%) Private Banking
10 3 (2.27%) Influencing Skills
10 3 (2.27%) International Banking
11 2 (1.52%) Documentation Skills
11 2 (1.52%) French Language
12 1 (0.76%) Corporate Banking
12 1 (0.76%) Financial Institution
12 1 (0.76%) Presentation Skills
12 1 (0.76%) Retail
12 1 (0.76%) Retail Banking
Job Titles
1 75 (56.82%) Business Analyst
2 70 (53.03%) Analyst
3 24 (18.18%) Investment Banking Business Analyst
3 24 (18.18%) Regulatory Business Analyst
4 22 (16.67%) Report Analyst
5 19 (14.39%) Banking Analyst
6 16 (12.12%) Front Office Business Analyst
7 14 (10.61%) Electronic Trading Business Analyst
8 13 (9.85%) Data Analyst
8 13 (9.85%) Data Manager
9 12 (9.09%) Banking Business Analyst
9 12 (9.09%) Data Governance Analyst
9 12 (9.09%) Data Governance Manager
9 12 (9.09%) Governance Manager
10 11 (8.33%) Developer
10 11 (8.33%) Project Manager
11 9 (6.82%) Financial Analyst
11 9 (6.82%) MiFID Business Analyst
12 8 (6.06%) Service Analyst
12 8 (6.06%) SQL Analyst
Libraries, Frameworks & Software Standards
1 24 (18.18%) XML
2 20 (15.15%) FIX Protocol
3 4 (3.03%) .NET
3 4 (3.03%) RabbitMQ
4 3 (2.27%) FpML
5 2 (1.52%) Murex Flex
6 1 (0.76%) Dask
6 1 (0.76%) JSON
6 1 (0.76%) Kafka
6 1 (0.76%) REST
6 1 (0.76%) XML Messaging
Miscellaneous
1 29 (21.97%) Taxonomies
2 26 (19.70%) Derivative
3 18 (13.64%) Fixed Income
4 13 (9.85%) Foreign Exchange (FX)
5 10 (7.58%) Data Protection Act
6 7 (5.30%) Equities
6 7 (5.30%) OTC Derivatives
7 4 (3.03%) Reference Data
8 3 (2.27%) Credit Derivative
9 2 (1.52%) ASIC
9 2 (1.52%) Legacy Systems
10 1 (0.76%) Data Structures
10 1 (0.76%) DTCC
10 1 (0.76%) Equity Derivative
10 1 (0.76%) Management Information System
10 1 (0.76%) Market Risk
10 1 (0.76%) Self-Motivation
10 1 (0.76%) User Experience
Operating Systems
1 16 (12.12%) Unix
2 1 (0.76%) Windows
Processes & Methodologies
1 39 (29.55%) Stakeholder Management
2 36 (27.27%) Data Analysis
3 30 (22.73%) Workshop Facilitation
4 29 (21.97%) Business Case
4 29 (21.97%) Dashboard Development
4 29 (21.97%) Data Management
4 29 (21.97%) Fintech
5 27 (20.45%) Business Analysis
6 25 (18.94%) Data Lineage
7 23 (17.42%) Agile Software Development
8 22 (16.67%) Data Modelling
9 21 (15.91%) Data Strategy
9 21 (15.91%) Metadata Management
10 19 (14.39%) Data Governance
10 19 (14.39%) Project Management
10 19 (14.39%) Technology Transformation
11 17 (12.88%) UML
12 15 (11.36%) Electronic Trading
12 15 (11.36%) Risk Management
13 14 (10.61%) Data Mapping
Programming Languages
1 45 (34.09%) SQL
2 7 (5.30%) C#
3 5 (3.79%) Python
4 4 (3.03%) C++
4 4 (3.03%) PL/SQL
4 4 (3.03%) T-SQL
5 2 (1.52%) Java
5 2 (1.52%) Scala
5 2 (1.52%) VB.NET
6 1 (0.76%) Apex Code
6 1 (0.76%) Java 11
6 1 (0.76%) Java 8
Qualifications
1 4 (3.03%) Degree
2 3 (2.27%) PMI Certification
2 3 (2.27%) PMP
Quality Assurance & Compliance
1 66 (50.00%) EMIR
2 36 (27.27%) QA
3 33 (25.00%) Data Quality
4 31 (23.48%) GDPR
5 28 (21.21%) Dodd-Frank
6 12 (9.09%) FATCA
7 3 (2.27%) Basel III
8 2 (1.52%) AIFMD
9 1 (0.76%) IFRS
9 1 (0.76%) UCITS
System Software
1 1 (0.76%) Apache ZooKeeper
Vendors
1 29 (21.97%) Informatica
2 12 (9.09%) Bloomberg
3 9 (6.82%) ION Trading
3 9 (6.82%) MarketAxess
3 9 (6.82%) Tradeweb
4 8 (6.06%) Alteryx
5 5 (3.79%) Murex
6 4 (3.03%) Microsoft
6 4 (3.03%) Oracle
7 3 (2.27%) Atlassian
8 2 (1.52%) Fidessa
8 2 (1.52%) OpenLink
9 1 (0.76%) Hortonworks
9 1 (0.76%) SunGard