Period
to 26 February 2020

The following table provides summary statistics for permanent job vacancies advertised in Central London with a requirement for MiFID skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited MiFID over the 6 months to 26 February 2020 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
London > Central London
6 months to
26 Feb 2020
Same period 2019 Same period 2018
Rank 314 316 326
Rank change year-on-year +2 +10 -50
Permanent jobs citing MiFID 27 64 87
As % of all permanent IT jobs advertised in Central London 0.23% 0.49% 0.58%
As % of the Quality Assurance & Compliance category 1.98% 3.98% 4.54%
Number of salaries quoted 22 63 65
Central London median annual salary £72,500 £85,000 £80,000
Median salary % change year-on-year -14.71% +6.25% +3.23%
10th Percentile £57,625 £51,000 £56,750
90th Percentile £94,625 £95,000 £110,750
London median annual salary £76,250 £75,000 £75,000
% change year-on-year +1.67% - -

MiFID is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies advertised in Central London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
Central London
Permanent vacancies with a requirement for quality assurance or compliance skills 1,367 1,609 1,918
As % of all permanent IT jobs advertised in Central London 11.83% 12.27% 12.79%
Number of salaries quoted 1,155 1,374 1,667
Central London median annual salary £62,500 £60,000 £60,000
Median salary % change year-on-year +4.17% - +9.09%
10th Percentile £35,000 £36,250 £37,000
90th Percentile £95,000 £92,500 £87,500
London median annual salary £62,500 £60,000 £60,000
% change year-on-year +4.17% - +4.35%

MiFID
Job Vacancy Trend in Central London

Job postings citing MiFID as a percentage of all IT jobs advertised in Central London.

Job vacancy trend for MiFID in Central London

MiFID
Salary Trend in Central London

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing MiFID in Central London.

Salary trend for MiFID in Central London

MiFID
Salary Histogram in Central London

The salary distribution of IT jobs citing MiFID in Central London over the 6 months to 26 February 2020.

Salary histogram for MiFID in Central London

MiFID
Job Locations in Central London

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing MiFID within the Central London region over the 6 months to 26 February 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London -13 27 £72,500 -14.71% 3
MiFID
London

For the 6 months to 26 February 2020, IT 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 permanent job ads across the Central London region with a requirement for MiFID.

1 25 (92.59%) Finance
2 20 (74.07%) EMIR
3 16 (59.26%) Python
4 15 (55.56%) Dodd-Frank
5 14 (51.85%) Degree
6 13 (48.15%) C++
7 12 (44.44%) C#
7 12 (44.44%) Risk Management
8 11 (40.74%) Banking
8 11 (40.74%) Advertising
8 11 (40.74%) Validation
8 11 (40.74%) Foreign Exchange (FX)
8 11 (40.74%) Credit Risk
8 11 (40.74%) Market Risk
8 11 (40.74%) Stochastic Calculus
8 11 (40.74%) Credit Risk Management
9 10 (37.04%) Master's Degree
9 10 (37.04%) Financial Modelling
9 10 (37.04%) R
9 10 (37.04%) MATLAB
9 10 (37.04%) PhD
9 10 (37.04%) Equities
9 10 (37.04%) Exotic Derivative
9 10 (37.04%) Mathematics
9 10 (37.04%) Physics
10 9 (33.33%) SQL
11 8 (29.63%) SQL Server Reporting Services
12 5 (18.52%) Investment Banking
12 5 (18.52%) Retail Banking
12 5 (18.52%) SQL Server

MiFID
Co-occurring IT Skills in Central London 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:

Applications
1 2 (7.41%) Microsoft Excel
1 2 (7.41%) Microsoft PowerPoint
1 2 (7.41%) Microsoft Project
1 2 (7.41%) MS Visio
Cloud Services
1 1 (3.70%) AWS
1 1 (3.70%) Azure
Database & Business Intelligence
1 8 (29.63%) SQL Server Reporting Services
2 5 (18.52%) SQL Server
2 5 (18.52%) SQL Server Integration Services
3 3 (11.11%) Snowflake Schema
4 2 (7.41%) SQL Server 2008
4 2 (7.41%) SQL Server 2016
General
1 25 (92.59%) Finance
2 11 (40.74%) Advertising
2 11 (40.74%) Banking
3 5 (18.52%) Investment Banking
3 5 (18.52%) Retail Banking
4 1 (3.70%) Back Office
4 1 (3.70%) Corporate Banking
4 1 (3.70%) Front Office
4 1 (3.70%) German Language
Job Titles
1 12 (44.44%) Analyst
2 10 (37.04%) Qualitative Analyst
2 10 (37.04%) Quantitative Analyst
3 3 (11.11%) Developer
3 3 (11.11%) Platform Engineer
3 3 (11.11%) Programme Manager
3 3 (11.11%) Project Manager
3 3 (11.11%) Python Engineer
4 2 (7.41%) Associate Engineer
4 2 (7.41%) Business Analyst
4 2 (7.41%) Financial Services Project Manager
4 2 (7.41%) Senior Manager
4 2 (7.41%) Senior Programme Manager
4 2 (7.41%) Software Engineer
5 1 (3.70%) Agile Project Manager
5 1 (3.70%) Asset Management Project Manager
5 1 (3.70%) Finance Business Analyst
5 1 (3.70%) Regulatory Business Analyst
5 1 (3.70%) Transformation Manager
5 1 (3.70%) Transformation Project Manager
Libraries, Frameworks & Software Standards
1 3 (11.11%) Kafka
1 3 (11.11%) Web Services
2 2 (7.41%) .NET
3 1 (3.70%) NumPy
3 1 (3.70%) Pandas
3 1 (3.70%) REST
Miscellaneous
1 11 (40.74%) Credit Risk
1 11 (40.74%) Foreign Exchange (FX)
1 11 (40.74%) Market Risk
2 10 (37.04%) Equities
2 10 (37.04%) Exotic Derivative
3 5 (18.52%) Analytical Skills
4 3 (11.11%) Hedge funds
5 2 (7.41%) Derivative
6 1 (3.70%) Fixed Income
6 1 (3.70%) Greenfield Project
6 1 (3.70%) OTC Derivatives
Operating Systems
1 2 (7.41%) Unix
Processes & Methodologies
1 12 (44.44%) Risk Management
2 11 (40.74%) Credit Risk Management
2 11 (40.74%) Stochastic Calculus
2 11 (40.74%) Validation
3 10 (37.04%) Financial Modelling
3 10 (37.04%) Mathematics
3 10 (37.04%) Physics
4 5 (18.52%) Investment Management
4 5 (18.52%) Problem-Solving
5 4 (14.81%) Analytics
5 4 (14.81%) Fintech
5 4 (14.81%) Project Management
6 3 (11.11%) Agile Software Development
6 3 (11.11%) Asset Management
6 3 (11.11%) Computer Science
6 3 (11.11%) Critical Thinking
6 3 (11.11%) ETL
6 3 (11.11%) PRINCE2
6 3 (11.11%) Stakeholder Engagement
6 3 (11.11%) Stakeholder Management
Programming Languages
1 16 (59.26%) Python
2 13 (48.15%) C++
3 12 (44.44%) C#
4 10 (37.04%) MATLAB
4 10 (37.04%) R
5 9 (33.33%) SQL
6 2 (7.41%) Java
Qualifications
1 14 (51.85%) Degree
2 10 (37.04%) Master's Degree
2 10 (37.04%) PhD
3 3 (11.11%) PMP
4 1 (3.70%) PMI Certification
4 1 (3.70%) PRINCE2 Certification
4 1 (3.70%) PRINCE2 Practitioner
Quality Assurance & Compliance
1 20 (74.07%) EMIR
2 15 (55.56%) Dodd-Frank
3 3 (11.11%) GDPR
3 3 (11.11%) Solvency II
4 2 (7.41%) Basel III
5 1 (3.70%) IFRS
System Software
1 3 (11.11%) Docker
Systems Management
1 3 (11.11%) Kubernetes
Vendors
1 2 (7.41%) Microsoft