Period
to 18 November 2017

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 2017 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 2017
Same period 2016 Same period 2015
Rank 251 272 311
Rank change year-on-year +21 +39 +160
Permanent jobs citing MiFID 79 82 110
As % of all permanent IT jobs advertised in the City of London 0.78% 0.70% 0.64%
As % of the Quality Assurance & Compliance category 5.66% 5.47% 4.90%
Number of salaries quoted 62 74 103
City of London median annual salary £70,000 £78,750 £70,000
Median salary % change year-on-year -11.11% +12.50% -17.65%
10th Percentile £50,000 £53,750 £50,000
90th Percentile £95,000 £105,000 £107,500
Central London median annual salary £70,000 £78,750 £70,000
% change year-on-year -11.11% +12.50% -17.65%

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 1395 1498 2243
As % of all permanent IT jobs advertised in the City of London 13.71% 12.80% 12.97%
Number of salaries quoted 1213 1330 1863
City of London median annual salary £60,000 £55,000 £55,000
Median salary % change year-on-year +9.09% - -
10th Percentile £36,250 £33,000 £33,750
90th Percentile £87,500 £82,625 £86,250
Central London median annual salary £60,000 £55,000 £55,000
% change year-on-year +9.09% - +4.76%

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 2017.

Salary histogram for MiFID in the City of London

For the 6 months to 18 November 2017, IT jobs citing MiFID also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all job ads across the City of London region with a requirement for MiFID.

1 60 (75.95%) Finance
2 33 (41.77%) C#
2 33 (41.77%) SQL
3 27 (34.18%) Fintech
4 26 (32.91%) Agile Software Development
5 24 (30.38%) Front Office
6 23 (29.11%) Business Analysis
7 22 (27.85%) Microsoft
7 22 (27.85%) .NET
7 22 (27.85%) Greenfield Project
8 21 (26.58%) EMIR
9 20 (25.32%) Foreign Exchange (FX)
10 19 (24.05%) Banking
10 19 (24.05%) Software Engineering
11 17 (21.52%) Advertising
12 15 (18.99%) Validation
12 15 (18.99%) Project Management
13 14 (17.72%) Back Office
13 14 (17.72%) Risk Management
13 14 (17.72%) Dodd-Frank
14 13 (16.46%) Equities
15 12 (15.19%) Derivative
16 11 (13.92%) Investment Banking
16 11 (13.92%) MATLAB
16 11 (13.92%) C++
16 11 (13.92%) R
16 11 (13.92%) Mathematics
16 11 (13.92%) Credit Risk
16 11 (13.92%) Market Risk
16 11 (13.92%) Stochastic Calculus

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 3 (3.80%) Confluence
2 2 (2.53%) Apache
2 2 (2.53%) JBoss
Applications
1 4 (5.06%) Microsoft Excel
2 2 (2.53%) Microsoft PowerPoint
Business Applications
1 2 (2.53%) thinkFolio
Cloud Services
1 3 (3.80%) SaaS
2 1 (1.27%) Slack
Communications & Networking
1 2 (2.53%) FTP
2 1 (1.27%) VoIP
Database & Business Intelligence
1 7 (8.86%) SQL Server
2 2 (2.53%) MySQL
3 1 (1.27%) Blockchain
3 1 (1.27%) Data Warehouse
3 1 (1.27%) MongoDB
3 1 (1.27%) Oracle Database
3 1 (1.27%) RDBMS
3 1 (1.27%) Relational Database
3 1 (1.27%) SQL Server 2008
3 1 (1.27%) SQL Server Analysis Services
3 1 (1.27%) SQL Server Integration Services
3 1 (1.27%) SQL Server Reporting Services
Development Applications
1 6 (7.59%) JIRA
2 1 (1.27%) Git (software)
2 1 (1.27%) SpecFlow
General
1 60 (75.95%) Finance
2 24 (30.38%) Front Office
3 19 (24.05%) Banking
4 17 (21.52%) Advertising
5 14 (17.72%) Back Office
6 11 (13.92%) Investment Banking
7 6 (7.59%) Financial Institution
7 6 (7.59%) Legal
8 5 (6.33%) International Banking
9 1 (1.27%) Private Banking
Job Titles
1 40 (50.63%) Analyst
2 24 (30.38%) Business Analyst
3 19 (24.05%) .NET Software Engineer
3 19 (24.05%) C# Software Engineer
3 19 (24.05%) Software Engineer
4 11 (13.92%) Qualitative Analyst
4 11 (13.92%) Quantitative Analyst
5 10 (12.66%) Banking Analyst
6 9 (11.39%) Project Manager
7 8 (10.13%) Banking Business Analyst
8 7 (8.86%) MiFID Business Analyst
9 5 (6.33%) Developer
9 5 (6.33%) Technical Manager
10 4 (5.06%) Derivatives Business Analyst
10 4 (5.06%) Lead Business Analyst
10 4 (5.06%) Product Manager
10 4 (5.06%) Technical Product Manager
11 3 (3.80%) FX Business Analyst
11 3 (3.80%) IT Analyst
11 3 (3.80%) IT Business Analyst
Libraries, Frameworks & Software Standards
1 22 (27.85%) .NET
2 5 (6.33%) FIX Protocol
3 3 (3.80%) HTML
4 2 (2.53%) Angular 2
4 2 (2.53%) AngularJS
4 2 (2.53%) DHTML
4 2 (2.53%) Middleware
5 1 (1.27%) Akka
5 1 (1.27%) FpML
5 1 (1.27%) HTML5
5 1 (1.27%) jQuery
5 1 (1.27%) Kafka
5 1 (1.27%) Redux
5 1 (1.27%) SignalR
5 1 (1.27%) Twitter Bootstrap
5 1 (1.27%) XML
Miscellaneous
1 27 (34.18%) Fintech
2 22 (27.85%) Greenfield Project
3 20 (25.32%) Foreign Exchange (FX)
4 13 (16.46%) Equities
5 12 (15.19%) Derivative
6 11 (13.92%) Credit Risk
6 11 (13.92%) Market Risk
7 8 (10.13%) Analytical Skills
8 4 (5.06%) Equity Derivative
9 3 (3.80%) ASIC
9 3 (3.80%) DTCC
9 3 (3.80%) Fixed Income
9 3 (3.80%) Hedge funds
9 3 (3.80%) Reference Data
9 3 (3.80%) SWIFT
9 3 (3.80%) User Experience
10 2 (2.53%) Data Centre
10 2 (2.53%) OTC Derivatives
10 2 (2.53%) Wiki
11 1 (1.27%) Swaptions
Operating Systems
1 5 (6.33%) Linux
2 3 (3.80%) Windows
3 2 (2.53%) Unix
4 1 (1.27%) Windows Server
Processes & Methodologies
1 26 (32.91%) Agile Software Development
2 23 (29.11%) Business Analysis
3 19 (24.05%) Software Engineering
4 15 (18.99%) Project Management
4 15 (18.99%) Validation
5 14 (17.72%) Risk Management
6 11 (13.92%) Credit Risk Management
6 11 (13.92%) Financial Modelling
6 11 (13.92%) Investment Management
6 11 (13.92%) Mathematics
6 11 (13.92%) Stochastic Calculus
7 9 (11.39%) SDLC
8 8 (10.13%) Physics
8 8 (10.13%) Process Improvement
8 8 (10.13%) Requirements Analysis
9 7 (8.86%) Wealth Management
10 6 (7.59%) Product Management
10 6 (7.59%) UML
10 6 (7.59%) User Acceptance Testing
11 5 (6.33%) PRINCE2
Programming Languages
1 33 (41.77%) C#
1 33 (41.77%) SQL
2 11 (13.92%) C++
2 11 (13.92%) MATLAB
2 11 (13.92%) R
3 7 (8.86%) Java
4 3 (3.80%) JavaScript
4 3 (3.80%) VBA
5 1 (1.27%) C
5 1 (1.27%) TypeScript
5 1 (1.27%) VB.NET
Qualifications
1 10 (12.66%) Degree
2 8 (10.13%) Master's Degree
3 4 (5.06%) PMP
4 2 (2.53%) PhD
5 1 (1.27%) PMI Certification
5 1 (1.27%) PRINCE2 Certification
Quality Assurance & Compliance
1 21 (26.58%) EMIR
2 14 (17.72%) Dodd-Frank
3 5 (6.33%) GDPR
3 5 (6.33%) IFRS
4 4 (5.06%) PMO
5 3 (3.80%) QA
6 2 (2.53%) Basel III
6 2 (2.53%) FATCA
6 2 (2.53%) SLA
System Software
1 1 (1.27%) Active Directory
Vendors
1 22 (27.85%) Microsoft
2 2 (2.53%) Bloomberg
2 2 (2.53%) Charles River
2 2 (2.53%) GoldenSource
3 1 (1.27%) Fidessa
3 1 (1.27%) Oracle
3 1 (1.27%) Reuters
3 1 (1.27%) SAP
3 1 (1.27%) Sun