Period
to 21 October 2020

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 21 October 2020 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
21 Oct 2020
Same period 2019 Same period 2018
Rank 181 306 258
Rank change year-on-year +125 -48 -15
Permanent jobs citing MiFID 16 25 95
As % of all permanent jobs advertised in the City of London 0.44% 0.25% 0.86%
As % of the Quality Assurance & Compliance category 4.03% 2.04% 7.13%
Number of salaries quoted 16 25 85
Median annual salary £82,500 £72,500 £85,000
Median salary % change year-on-year +13.79% -14.71% +21.43%
10th Percentile £66,250 £60,250 £50,000
90th Percentile £97,500 £90,150 £110,000
Central London median annual salary £75,000 £72,500 £85,000
% change year-on-year +3.45% -14.71% +21.43%

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 397 1,224 1,333
As % of all permanent IT jobs advertised in the City of London 10.96% 12.24% 12.06%
Number of salaries quoted 341 1,030 1,177
Median annual salary £62,500 £65,000 £62,500
Median salary % change year-on-year -3.85% +4.00% +4.17%
10th Percentile £42,500 £36,250 £36,250
90th Percentile £95,000 £95,000 £93,750
Central London median annual salary £65,000 £65,000 £61,500
% change year-on-year - +5.69% +2.50%

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 21 October 2020.

Salary histogram for MiFID in the City of London

For the 6 months to 21 October 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 City of London region with a requirement for MiFID.

1 13 (81.25%) Finance
2 11 (68.75%) EMIR
2 11 (68.75%) Dodd-Frank
3 10 (62.50%) Master's Degree
3 10 (62.50%) Stochastic Calculus
3 10 (62.50%) Advertising
3 10 (62.50%) Validation
3 10 (62.50%) Degree
3 10 (62.50%) Mathematics
3 10 (62.50%) Physics
3 10 (62.50%) Exotic Derivative
3 10 (62.50%) Market Risk
3 10 (62.50%) Risk Management
3 10 (62.50%) Python
3 10 (62.50%) PhD
3 10 (62.50%) Foreign Exchange (FX)
4 9 (56.25%) Equities
4 9 (56.25%) Financial Modelling
5 7 (43.75%) C#
6 6 (37.50%) Artificial Intelligence
6 6 (37.50%) Machine Learning
7 5 (31.25%) Agile Software Development
7 5 (31.25%) C++
8 4 (25.00%) HTML
8 4 (25.00%) Multithreading
9 3 (18.75%) Unit Testing
9 3 (18.75%) Banking
9 3 (18.75%) Java
9 3 (18.75%) JavaScript
9 3 (18.75%) SQL

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 (6.25%) Apache
1 1 (6.25%) Red Hat Fuse
Business Applications
1 1 (6.25%) FINCAD Analytics
Cloud Services
1 1 (6.25%) AWS
1 1 (6.25%) Azure
Database & Business Intelligence
1 3 (18.75%) SQL Server
2 1 (6.25%) Data Lake
2 1 (6.25%) MongoDB
2 1 (6.25%) MySQL
2 1 (6.25%) RDBMS
2 1 (6.25%) Relational Database
Development Applications
1 1 (6.25%) Jenkins
General
1 13 (81.25%) Finance
2 10 (62.50%) Advertising
3 3 (18.75%) Banking
4 2 (12.50%) Back Office
5 1 (6.25%) Front Office
Job Titles
1 14 (87.50%) Developer
2 10 (62.50%) Analyst
2 10 (62.50%) Quantitative Developer
3 9 (56.25%) Analyst Developer
3 9 (56.25%) Qualitative Analyst
3 9 (56.25%) Quantitative Analyst
3 9 (56.25%) Quantitative Analyst Developer
4 6 (37.50%) Senior Developer
4 6 (37.50%) Senior Quantitative Developer
5 5 (31.25%) Senior Analyst
5 5 (31.25%) Senior Analyst Developer
5 5 (31.25%) Senior Quantitative Analyst
6 4 (25.00%) Python Developer
7 3 (18.75%) Senior Python Developer
8 2 (12.50%) C# Developer
8 2 (12.50%) Java Developer
8 2 (12.50%) SQL Developer
9 1 (6.25%) Java Applications Developer
9 1 (6.25%) MiFID Business Analyst
9 1 (6.25%) Regulatory Business Analyst
Libraries, Frameworks & Software Standards
1 4 (25.00%) HTML
2 2 (12.50%) .NET
2 2 (12.50%) AngularJS
2 2 (12.50%) ASP.NET
2 2 (12.50%) ASP.NET MVC
2 2 (12.50%) REST
2 2 (12.50%) Spring
2 2 (12.50%) WCF
2 2 (12.50%) Web Services
2 2 (12.50%) WinForms
3 1 (6.25%) Ajax
3 1 (6.25%) Apache Camel
3 1 (6.25%) GWT
3 1 (6.25%) HTML5
3 1 (6.25%) jQuery
3 1 (6.25%) JSF
3 1 (6.25%) OSGi
3 1 (6.25%) RabbitMQ
3 1 (6.25%) React
3 1 (6.25%) Swagger
Miscellaneous
1 10 (62.50%) Exotic Derivative
1 10 (62.50%) Foreign Exchange (FX)
1 10 (62.50%) Market Risk
2 9 (56.25%) Equities
3 2 (12.50%) Client/Server
4 1 (6.25%) Analytical Skills
4 1 (6.25%) Clustering
4 1 (6.25%) Enterprise Software
Processes & Methodologies
1 10 (62.50%) Mathematics
1 10 (62.50%) Physics
1 10 (62.50%) Risk Management
1 10 (62.50%) Stochastic Calculus
1 10 (62.50%) Validation
2 9 (56.25%) Financial Modelling
3 6 (37.50%) Artificial Intelligence
3 6 (37.50%) Machine Learning
4 5 (31.25%) Agile Software Development
5 4 (25.00%) Multithreading
6 3 (18.75%) OO
6 3 (18.75%) Unit Testing
7 2 (12.50%) Business Analysis
7 2 (12.50%) Integration Testing
7 2 (12.50%) Microservices
7 2 (12.50%) MVC
7 2 (12.50%) Requirements Gathering
7 2 (12.50%) Workshop Facilitation
8 1 (6.25%) Asset Management
8 1 (6.25%) Web Development
Programming Languages
1 10 (62.50%) Python
2 7 (43.75%) C#
3 5 (31.25%) C++
4 3 (18.75%) Java
4 3 (18.75%) JavaScript
4 3 (18.75%) SQL
5 2 (12.50%) Java 8
5 2 (12.50%) MATLAB
5 2 (12.50%) R
Qualifications
1 10 (62.50%) Degree
1 10 (62.50%) Master's Degree
1 10 (62.50%) PhD
Quality Assurance & Compliance
1 11 (68.75%) Dodd-Frank
1 11 (68.75%) EMIR
Vendors
1 2 (12.50%) Oracle
2 1 (6.25%) Databricks
2 1 (6.25%) Foundry