Period
to 28 November 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 28 November 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
28 Nov 2021
Same period 2020 Same period 2019
Rank 233 189 303
Rank change year-on-year -44 +114 -32
Permanent jobs citing MiFID 27 16 25
As % of all permanent jobs advertised in the City of London 0.44% 0.40% 0.25%
As % of the Quality Assurance & Compliance category 2.51% 3.43% 2.00%
Number of salaries quoted 23 16 21
10th Percentile £57,250 £67,500 £58,750
25th Percentile £70,000 £68,438 £66,250
Median annual salary (50th Percentile) £82,500 £82,500 £72,500
Median % change year-on-year - +13.79% -14.71%
75th Percentile £89,375 £95,000 £82,500
90th Percentile £90,000 " £91,250
Central London median annual salary £82,500 £82,500 £72,500
% change year-on-year - +13.79% -14.71%

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 1,074 466 1,250
As % of all permanent IT jobs advertised in the City of London 17.65% 11.70% 12.57%
Number of salaries quoted 975 399 1,047
10th Percentile £42,500 £43,750 £35,000
25th Percentile £51,250 £48,750 £47,500
Median annual salary (50th Percentile) £67,500 £65,000 £65,000
Median % change year-on-year +3.85% - +8.33%
75th Percentile £85,000 £82,500 £81,250
90th Percentile £97,500 £95,000 £95,000
Central London median annual salary £67,500 £65,000 £62,500
% change year-on-year +3.85% +4.00% +4.17%

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 28 November 2021.

Salary histogram for MiFID in the City of London

For the 6 months to 28 November 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 23 (85.19%) Finance
2 16 (59.26%) Degree
2 16 (59.26%) EMIR
3 15 (55.56%) Dodd-Frank
3 15 (55.56%) Model Validation
3 15 (55.56%) Market Risk
3 15 (55.56%) Stochastic Calculus
3 15 (55.56%) Financial Modelling
3 15 (55.56%) Exotic Derivative
3 15 (55.56%) Advertising
3 15 (55.56%) Validation
3 15 (55.56%) Risk Management
3 15 (55.56%) Equities
3 15 (55.56%) Foreign Exchange (FX)
4 14 (51.85%) PhD
4 14 (51.85%) Mathematics
4 14 (51.85%) Physics
4 14 (51.85%) Master's Degree
5 12 (44.44%) Machine Learning
5 12 (44.44%) Artificial Intelligence
6 11 (40.74%) Python
6 11 (40.74%) C#
7 8 (29.63%) Business Analysis
8 6 (22.22%) Social Skills
8 6 (22.22%) Banking
9 4 (14.81%) Agile Software Development
9 4 (14.81%) Analytical Skills
10 3 (11.11%) Credit Risk Management
10 3 (11.11%) Solvency II
10 3 (11.11%) R

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:

Applications
1 3 (11.11%) Microsoft Excel
1 3 (11.11%) Microsoft PowerPoint
2 1 (3.70%) Microsoft Office
Business Applications
1 1 (3.70%) FINCAD Analytics
1 1 (3.70%) thinkFolio
General
1 23 (85.19%) Finance
2 15 (55.56%) Advertising
3 6 (22.22%) Banking
3 6 (22.22%) Social Skills
4 4 (14.81%) Analytical Skills
5 3 (11.11%) Investment Banking
6 2 (7.41%) Marketing
7 1 (3.70%) Organisational Skills
Job Titles
1 12 (44.44%) Analyst
1 12 (44.44%) Developer
1 12 (44.44%) Quantitative Developer
2 7 (25.93%) C# Developer
2 7 (25.93%) C# Quant Developer
3 6 (22.22%) Senior Analyst
4 5 (18.52%) Data Analyst
4 5 (18.52%) Python Developer
5 4 (14.81%) Business Analyst
6 3 (11.11%) Qualitative Analyst
6 3 (11.11%) Quantitative Analyst
6 3 (11.11%) Senior Data Analyst
7 2 (7.41%) Business IT Analyst
7 2 (7.41%) Data Manager
7 2 (7.41%) IT Analyst
7 2 (7.41%) IT Business Analyst
7 2 (7.41%) Product Manager
7 2 (7.41%) Senior Business Analyst
7 2 (7.41%) Senior IT Business Analyst
7 2 (7.41%) Validation Analyst
Libraries, Frameworks & Software Standards
1 3 (11.11%) FIX Protocol
2 1 (3.70%) XML
Miscellaneous
1 15 (55.56%) Equities
1 15 (55.56%) Exotic Derivative
1 15 (55.56%) Foreign Exchange (FX)
1 15 (55.56%) Market Risk
2 3 (11.11%) Credit Risk
3 2 (7.41%) Derivative
3 2 (7.41%) Self-Motivation
4 1 (3.70%) Fixed Income
4 1 (3.70%) Reference Data
Processes & Methodologies
1 15 (55.56%) Financial Modelling
1 15 (55.56%) Model Validation
1 15 (55.56%) Risk Management
1 15 (55.56%) Stochastic Calculus
1 15 (55.56%) Validation
2 14 (51.85%) Mathematics
2 14 (51.85%) Physics
3 12 (44.44%) Artificial Intelligence
3 12 (44.44%) Machine Learning
4 8 (29.63%) Business Analysis
5 4 (14.81%) Agile Software Development
6 3 (11.11%) Asset Management
6 3 (11.11%) Credit Risk Management
6 3 (11.11%) Data Modelling
6 3 (11.11%) Investment Management
7 2 (7.41%) Attestation
7 2 (7.41%) Data Engineering
7 2 (7.41%) Data Strategy
7 2 (7.41%) Problem-Solving
7 2 (7.41%) SDLC
Programming Languages
1 11 (40.74%) C#
1 11 (40.74%) Python
2 3 (11.11%) C++
2 3 (11.11%) MATLAB
2 3 (11.11%) R
3 2 (7.41%) SQL
Qualifications
1 16 (59.26%) Degree
2 14 (51.85%) Master's Degree
2 14 (51.85%) PhD
Quality Assurance & Compliance
1 16 (59.26%) EMIR
2 15 (55.56%) Dodd-Frank
3 3 (11.11%) Solvency II
4 2 (7.41%) AIFMD
4 2 (7.41%) Data Quality
4 2 (7.41%) QA
Vendors
1 2 (7.41%) Microsoft
2 1 (3.70%) Charles River