Period
to 24 February 2021

The following table provides summary statistics for permanent job vacancies advertised in the City of 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 24 February 2021 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
Central London > City of London
6 months to
24 Feb 2021
Same period 2020 Same period 2019
Rank 206 278 270
Rank change year-on-year +72 -8 -11
Permanent jobs citing MiFID 19 27 63
As % of all permanent jobs advertised in the City of London 0.41% 0.30% 0.61%
As % of the Quality Assurance & Compliance category 3.49% 2.57% 5.24%
Number of salaries quoted 20 22 62
Median annual salary £83,750 £72,500 £85,000
Median salary % change year-on-year +15.52% -14.71% +6.25%
10th Percentile £67,500 £57,625 £56,250
90th Percentile £111,250 £94,625 £95,000
Central London median annual salary £83,750 £72,500 £85,000
% change year-on-year +15.52% -14.71% +6.25%

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 the City of London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
City of London
Permanent vacancies with a requirement for quality assurance or compliance skills 544 1,051 1,202
As % of all permanent IT jobs advertised in the City of London 11.71% 11.64% 11.72%
Number of salaries quoted 443 883 1,055
Median annual salary £62,500 £65,000 £62,500
Median salary % change year-on-year -3.85% +4.00% +4.17%
10th Percentile £42,750 £35,150 £36,450
90th Percentile £95,000 £95,000 £92,500
Central London median annual salary £62,500 £62,500 £62,500

MiFID
Job Vacancy Trend in the City of London

Job postings citing MiFID as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for MiFID in the City of London

MiFID
Salary Trend in the City of London

3-month moving average salary quoted in jobs citing MiFID in the City of London.

Salary trend for MiFID in the City of London

MiFID
Salary Histogram in the City of London

Salary distribution for jobs citing MiFID in the City of London over the 6 months to 24 February 2021.

Salary histogram for MiFID in the City of London

For the 6 months to 24 February 2021, 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 City of London region with a requirement for MiFID.

1 18 (94.74%) EMIR
2 16 (84.21%) Finance
3 15 (78.95%) Dodd-Frank
4 12 (63.16%) Advertising
4 12 (63.16%) Validation
4 12 (63.16%) Foreign Exchange (FX)
5 11 (57.89%) Python
5 11 (57.89%) PhD
5 11 (57.89%) Risk Management
5 11 (57.89%) Equities
5 11 (57.89%) Artificial Intelligence
5 11 (57.89%) Exotic Derivative
5 11 (57.89%) Degree
5 11 (57.89%) Mathematics
5 11 (57.89%) Physics
5 11 (57.89%) Market Risk
5 11 (57.89%) Stochastic Calculus
5 11 (57.89%) Machine Learning
5 11 (57.89%) Financial Modelling
5 11 (57.89%) Master's Degree
6 10 (52.63%) C#
7 8 (42.11%) FINCAD Analytics
8 6 (31.58%) C++
9 5 (26.32%) Java
10 4 (21.05%) Business Analysis
10 4 (21.05%) Agile Software Development
10 4 (21.05%) Banking
10 4 (21.05%) Back Office
10 4 (21.05%) Workshop Facilitation
11 3 (15.79%) Software Delivery

MiFID
Co-occurring IT Skills in the City of 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:

Business Applications
1 8 (42.11%) FINCAD Analytics
2 2 (10.53%) Markit EDM
2 2 (10.53%) PolarLake
Cloud Services
1 1 (5.26%) Azure
Database & Business Intelligence
1 1 (5.26%) Data Lake
General
1 16 (84.21%) Finance
2 12 (63.16%) Advertising
3 4 (21.05%) Back Office
3 4 (21.05%) Banking
4 3 (15.79%) Front Office
5 1 (5.26%) Financial Institution
Job Titles
1 11 (57.89%) Analyst
1 11 (57.89%) Developer
1 11 (57.89%) Quantitative Developer
2 8 (42.11%) Analyst Developer
2 8 (42.11%) Qualitative Analyst
2 8 (42.11%) Quantitative Analyst
2 8 (42.11%) Quantitative Analyst Developer
2 8 (42.11%) Senior Developer
2 8 (42.11%) Senior Quantitative Developer
3 7 (36.84%) Senior Analyst
3 7 (36.84%) Senior Analyst Developer
3 7 (36.84%) Senior Quantitative Analyst
4 3 (15.79%) Business Analyst
4 3 (15.79%) C# Developer
4 3 (15.79%) C# Quant Developer
5 2 (10.53%) Consultant
5 2 (10.53%) MiFID Business Analyst
5 2 (10.53%) MiFID Project Manager
5 2 (10.53%) Project Manager
5 2 (10.53%) Software Implementation Consultant
Miscellaneous
1 12 (63.16%) Foreign Exchange (FX)
2 11 (57.89%) Equities
2 11 (57.89%) Exotic Derivative
2 11 (57.89%) Market Risk
3 3 (15.79%) Derivative
4 2 (10.53%) OTC Derivatives
4 2 (10.53%) Reference Data
5 1 (5.26%) Analytical Skills
Processes & Methodologies
1 12 (63.16%) Validation
2 11 (57.89%) Artificial Intelligence
2 11 (57.89%) Financial Modelling
2 11 (57.89%) Machine Learning
2 11 (57.89%) Mathematics
2 11 (57.89%) Physics
2 11 (57.89%) Risk Management
2 11 (57.89%) Stochastic Calculus
3 4 (21.05%) Agile Software Development
3 4 (21.05%) Business Analysis
3 4 (21.05%) Workshop Facilitation
4 3 (15.79%) Data Analysis
4 3 (15.79%) Software Delivery
4 3 (15.79%) Stakeholder Management
5 2 (10.53%) Asset Management
5 2 (10.53%) Coaching
5 2 (10.53%) Data Management
5 2 (10.53%) Fund Accounting
5 2 (10.53%) Mentoring
5 2 (10.53%) Workflow
Programming Languages
1 11 (57.89%) Python
2 10 (52.63%) C#
3 6 (31.58%) C++
4 5 (26.32%) Java
5 2 (10.53%) SQL
Qualifications
1 11 (57.89%) Degree
1 11 (57.89%) Master's Degree
1 11 (57.89%) PhD
2 1 (5.26%) PMI Certification
2 1 (5.26%) PMP
Quality Assurance & Compliance
1 18 (94.74%) EMIR
2 15 (78.95%) Dodd-Frank
3 2 (10.53%) QA
Vendors
1 2 (10.53%) Bloomberg
1 2 (10.53%) Calypso
1 2 (10.53%) Charles River
1 2 (10.53%) FactSet
1 2 (10.53%) Fidessa
1 2 (10.53%) Informatica
1 2 (10.53%) Murex
1 2 (10.53%) Refinitiv
1 2 (10.53%) Reuters
1 2 (10.53%) SmartCo
1 2 (10.53%) SmartStream
2 1 (5.26%) Databricks