Period
to 18 November 2019

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 18 November 2019 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
18 Nov 2019
Same period 2018 Same period 2017
Rank 304 263 251
Rank change year-on-year -41 -12 +24
Permanent jobs citing MiFID 24 87 79
As % of all permanent IT jobs advertised in the City of London 0.24% 0.79% 0.78%
As % of the Quality Assurance & Compliance category 2.00% 6.61% 5.69%
Number of salaries quoted 23 81 62
City of London median annual salary £72,500 £85,000 £70,000
Median salary % change year-on-year -14.71% +21.43% -11.11%
10th Percentile £59,750 £53,750 £50,000
90th Percentile £90,700 £102,500 £95,000
Central London median annual salary £72,500 £85,000 £70,000
% change year-on-year -14.71% +21.43% -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 1,203 1,316 1,388
As % of all permanent IT jobs advertised in the City of London 12.08% 11.91% 13.63%
Number of salaries quoted 1,005 1,153 1,206
City of London median annual salary £65,000 £62,500 £60,000
Median salary % change year-on-year +4.00% +4.17% +9.09%
10th Percentile £35,650 £36,250 £36,250
90th Percentile £95,000 £92,500 £87,500
Central London median annual salary £63,500 £60,000 £60,000
% change year-on-year +5.83% - +9.09%

MiFID
Job Vacancy Trend in the City of London

Job postings citing MiFID as a percentage 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

This chart provides the 3-month moving average for salaries quoted in permanent IT 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

The salary distribution of IT jobs citing MiFID in the City of London over the 6 months to 18 November 2019.

Salary histogram for MiFID in the City of London

For the 6 months to 18 November 2019, 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 (95.83%) Finance
2 17 (70.83%) EMIR
3 13 (54.17%) Dodd-Frank
4 12 (50.00%) Banking
5 10 (41.67%) Risk Management
5 10 (41.67%) Foreign Exchange (FX)
5 10 (41.67%) Python
5 10 (41.67%) Degree
5 10 (41.67%) Mathematics
6 9 (37.50%) Physics
6 9 (37.50%) Credit Risk
6 9 (37.50%) Market Risk
6 9 (37.50%) Exotic Derivative
6 9 (37.50%) Stochastic Calculus
6 9 (37.50%) Credit Risk Management
6 9 (37.50%) Master's Degree
6 9 (37.50%) PhD
6 9 (37.50%) C#
6 9 (37.50%) C++
6 9 (37.50%) MATLAB
6 9 (37.50%) Validation
7 8 (33.33%) Equities
7 8 (33.33%) Advertising
7 8 (33.33%) Investment Management
7 8 (33.33%) R
7 8 (33.33%) Financial Modelling
8 5 (20.83%) Retail Banking
8 5 (20.83%) Stakeholder Management
8 5 (20.83%) SQL
9 3 (12.50%) Cisco

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 1 (4.17%) Elasticsearch
Cloud Services
1 1 (4.17%) AWS
1 1 (4.17%) Azure
1 1 (4.17%) OpenShift
Communications & Networking
1 2 (8.33%) Firewall
1 2 (8.33%) Internet
2 1 (4.17%) VoIP
Database & Business Intelligence
1 3 (12.50%) SQL Server Integration Services
1 3 (12.50%) SQL Server Reporting Services
2 1 (4.17%) MongoDB
2 1 (4.17%) SQL Server
Development Applications
1 1 (4.17%) Jasmine
1 1 (4.17%) Jenkins
1 1 (4.17%) Karma Test Runner
1 1 (4.17%) Maven
General
1 23 (95.83%) Finance
2 12 (50.00%) Banking
3 8 (33.33%) Advertising
4 5 (20.83%) Retail Banking
5 3 (12.50%) Corporate Banking
5 3 (12.50%) Investment Banking
6 2 (8.33%) Back Office
7 1 (4.17%) Front Office
7 1 (4.17%) German Language
Job Titles
1 13 (54.17%) Analyst
2 9 (37.50%) Qualitative Analyst
2 9 (37.50%) Quantitative Analyst
3 4 (16.67%) Business Analyst
4 3 (12.50%) Developer
4 3 (12.50%) Finance Business Analyst
4 3 (12.50%) Financial Analyst
4 3 (12.50%) Financial Business Analyst
4 3 (12.50%) Financial Services Business Analyst
4 3 (12.50%) Service Analyst
5 2 (8.33%) Audit Engineer
5 2 (8.33%) Cybersecurity Engineer
5 2 (8.33%) Financial Services Project Manager
5 2 (8.33%) Programme Manager
5 2 (8.33%) Project Manager
5 2 (8.33%) Security Engineer
6 1 (4.17%) Business Project Manager
6 1 (4.17%) Consultant
6 1 (4.17%) Security Administrator
6 1 (4.17%) Support Engineer
Libraries, Frameworks & Software Standards
1 1 (4.17%) AngularJS
1 1 (4.17%) Apache Camel
1 1 (4.17%) Hibernate
1 1 (4.17%) HTML
1 1 (4.17%) HTML5
1 1 (4.17%) JPA
1 1 (4.17%) RESTful
1 1 (4.17%) Spring
1 1 (4.17%) Spring Boot
Miscellaneous
1 10 (41.67%) Foreign Exchange (FX)
2 9 (37.50%) Credit Risk
2 9 (37.50%) Exotic Derivative
2 9 (37.50%) Market Risk
3 8 (33.33%) Equities
4 3 (12.50%) Derivative
5 2 (8.33%) Analytical Skills
6 1 (4.17%) Greenfield Project
Operating Systems
1 3 (12.50%) Linux
1 3 (12.50%) Windows
2 2 (8.33%) Unix
3 1 (4.17%) Windows Server
Processes & Methodologies
1 10 (41.67%) Mathematics
1 10 (41.67%) Risk Management
2 9 (37.50%) Credit Risk Management
2 9 (37.50%) Physics
2 9 (37.50%) Stochastic Calculus
2 9 (37.50%) Validation
3 8 (33.33%) Financial Modelling
3 8 (33.33%) Investment Management
4 5 (20.83%) Stakeholder Management
5 3 (12.50%) Data Governance
5 3 (12.50%) ETL
5 3 (12.50%) Problem-Solving
6 2 (8.33%) Cybersecurity
6 2 (8.33%) Data Protection
6 2 (8.33%) Ethical Hacking
6 2 (8.33%) ITIL
6 2 (8.33%) Kalman Filter
6 2 (8.33%) SIEM
6 2 (8.33%) Threat Management
6 2 (8.33%) Web Filtering
Programming Languages
1 10 (41.67%) Python
2 9 (37.50%) C#
2 9 (37.50%) C++
2 9 (37.50%) MATLAB
3 8 (33.33%) R
4 5 (20.83%) SQL
5 2 (8.33%) C
6 1 (4.17%) Java
6 1 (4.17%) JavaScript
Qualifications
1 10 (41.67%) Degree
2 9 (37.50%) Master's Degree
2 9 (37.50%) PhD
3 2 (8.33%) (ISC)2 CCSP
3 2 (8.33%) CCSP
3 2 (8.33%) CISA
3 2 (8.33%) Cisco Certification
3 2 (8.33%) CISSP
3 2 (8.33%) CompTIA Security+
4 1 (4.17%) PMI Certification
4 1 (4.17%) PMP
4 1 (4.17%) PRINCE2 Certification
4 1 (4.17%) PRINCE2 Practitioner
Quality Assurance & Compliance
1 17 (70.83%) EMIR
2 13 (54.17%) Dodd-Frank
3 3 (12.50%) IFRS
3 3 (12.50%) Solvency II
4 2 (8.33%) GDPR
5 1 (4.17%) QA
System Software
1 1 (4.17%) Active Directory
Vendors
1 3 (12.50%) Cisco
2 1 (4.17%) Bloomberg