Period
to

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 May 2022 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 May 2022
Same period 2021 Same period 2020
Rank 251 214 253
Rank change year-on-year -37 +39 +34
Permanent jobs citing MiFID 29 17 13
As % of all permanent jobs advertised in the City of London 0.39% 0.34% 0.19%
As % of the Quality Assurance & Compliance category 2.10% 2.35% 1.65%
Number of salaries quoted 28 15 11
10th Percentile £64,875 - -
25th Percentile £76,250 £78,750 £66,250
Median annual salary (50th Percentile) £85,000 £85,000 £72,500
Median % change year-on-year - +17.24% +5.45%
75th Percentile £94,063 £95,000 £89,375
90th Percentile £95,750 £111,250 £107,500
Central London median annual salary £85,000 £85,000 £75,000
% change year-on-year - +13.33% +11.11%

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 1,379 722 788
As % of all permanent IT jobs advertised in the City of London 18.69% 14.45% 11.22%
Number of salaries quoted 1,102 602 676
10th Percentile £46,250 £43,750 £37,500
25th Percentile £56,250 £52,500 £47,250
Median annual salary (50th Percentile) £70,000 £65,000 £62,500
Median % change year-on-year +7.69% +4.00% -2.34%
75th Percentile £86,250 £83,750 £80,000
90th Percentile £101,250 £97,500 £97,500
Central London median annual salary £70,000 £65,000 £62,500
% change year-on-year +7.69% +4.00% -

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 May 2022.

Salary histogram for MiFID in the City of London

For the 6 months to 24 May 2022, 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 22 (75.86%) Finance
2 18 (62.07%) EMIR
3 16 (55.17%) Risk Management
4 14 (48.28%) Equities
5 13 (44.83%) Advertising
5 13 (44.83%) Validation
5 13 (44.83%) Python
5 13 (44.83%) PhD
5 13 (44.83%) Foreign Exchange (FX)
5 13 (44.83%) Exotic Derivative
5 13 (44.83%) Degree
5 13 (44.83%) Mathematics
5 13 (44.83%) Physics
5 13 (44.83%) Market Risk
5 13 (44.83%) Stochastic Calculus
5 13 (44.83%) Dodd-Frank
5 13 (44.83%) Financial Modelling
5 13 (44.83%) Master's Degree
5 13 (44.83%) Model Validation
6 11 (37.93%) C++
6 11 (37.93%) Artificial Intelligence
6 11 (37.93%) Machine Learning
7 10 (34.48%) Banking
8 8 (27.59%) SQL
8 8 (27.59%) Fintech
9 7 (24.14%) Analytical Skills
9 7 (24.14%) User Stories
9 7 (24.14%) Social Skills
10 6 (20.69%) Confluence
10 6 (20.69%) Derivative

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:

Application Platforms
1 6 (20.69%) Confluence
Applications
1 4 (13.79%) Microsoft PowerPoint
2 3 (10.34%) Microsoft Excel
2 3 (10.34%) Microsoft Office
Business Applications
1 1 (3.45%) SunGard Martini
1 1 (3.45%) thinkFolio
Cloud Services
1 3 (10.34%) Slack
2 1 (3.45%) AWS
2 1 (3.45%) Azure
Communications & Networking
1 3 (10.34%) WebEx
Database & Business Intelligence
1 5 (17.24%) Big Data
2 1 (3.45%) Data Warehouse
2 1 (3.45%) Hadoop
2 1 (3.45%) Metadata
2 1 (3.45%) NoSQL
Development Applications
1 4 (13.79%) JIRA
2 2 (6.90%) Oracle APEX
3 1 (3.45%) Zephyr
General
1 22 (75.86%) Finance
2 13 (44.83%) Advertising
3 10 (34.48%) Banking
4 7 (24.14%) Analytical Skills
4 7 (24.14%) Social Skills
5 4 (13.79%) Investment Banking
6 3 (10.34%) Presentation Skills
7 2 (6.90%) International Banking
Job Titles
1 12 (41.38%) Developer
2 10 (34.48%) Python Developer
2 10 (34.48%) Quantitative Developer
3 9 (31.03%) Analyst
4 8 (27.59%) C++ Developer
5 6 (20.69%) C++ Quantitative Developer
6 5 (17.24%) Business Analyst
7 3 (10.34%) Business Manager
7 3 (10.34%) Product Owner
7 3 (10.34%) Qualitative Analyst
7 3 (10.34%) Quantitative Analyst
7 3 (10.34%) Validation Analyst
8 1 (3.45%) Consulting Manager
8 1 (3.45%) Data Analyst
8 1 (3.45%) Financial Analyst
8 1 (3.45%) Regulatory Business Analyst
8 1 (3.45%) Regulatory Reporting Business Analyst
8 1 (3.45%) Senior Data Analyst
8 1 (3.45%) Senior Financial Analyst
8 1 (3.45%) Test Leader
Libraries, Frameworks & Software Standards
1 3 (10.34%) XML
2 2 (6.90%) FIX Protocol
Miscellaneous
1 14 (48.28%) Equities
2 13 (44.83%) Exotic Derivative
2 13 (44.83%) Foreign Exchange (FX)
2 13 (44.83%) Market Risk
3 6 (20.69%) Derivative
4 4 (13.79%) User Experience
5 3 (10.34%) Credit Risk
6 2 (6.90%) Fixed Income
6 2 (6.90%) Reference Data
6 2 (6.90%) Virtual Team
7 1 (3.45%) ASIC
7 1 (3.45%) Legacy Applications
Operating Systems
1 2 (6.90%) Linux
Processes & Methodologies
1 16 (55.17%) Risk Management
2 13 (44.83%) Financial Modelling
2 13 (44.83%) Mathematics
2 13 (44.83%) Model Validation
2 13 (44.83%) Physics
2 13 (44.83%) Stochastic Calculus
2 13 (44.83%) Validation
3 11 (37.93%) Artificial Intelligence
3 11 (37.93%) Machine Learning
4 8 (27.59%) Fintech
5 7 (24.14%) User Stories
6 5 (17.24%) Electronic Trading
6 5 (17.24%) User Acceptance Testing
7 4 (13.79%) Acceptance Criteria
7 4 (13.79%) Business Process Mapping
7 4 (13.79%) Investment Management
7 4 (13.79%) Test Automation
7 4 (13.79%) UX Design
8 3 (10.34%) Credit Risk Management
8 3 (10.34%) Scaled Agile Framework
Programming Languages
1 13 (44.83%) Python
2 11 (37.93%) C++
3 8 (27.59%) SQL
4 3 (10.34%) C#
4 3 (10.34%) MATLAB
4 3 (10.34%) R
5 2 (6.90%) PL/SQL
Qualifications
1 13 (44.83%) Degree
1 13 (44.83%) Master's Degree
1 13 (44.83%) PhD
Quality Assurance & Compliance
1 18 (62.07%) EMIR
2 13 (44.83%) Dodd-Frank
3 1 (3.45%) Data Quality
3 1 (3.45%) GDPR
3 1 (3.45%) QA
Vendors
1 2 (6.90%) FIS
1 2 (6.90%) Oracle
2 1 (3.45%) Charles River
2 1 (3.45%) Cloudera
2 1 (3.45%) Google
2 1 (3.45%) Hortonworks
2 1 (3.45%) SunGard