Period
to 1 August 2021

The following table provides summary statistics for permanent job vacancies advertised in 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 1 August 2021 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
England > London
6 months to
1 Aug 2021
Same period 2020 Same period 2019
Rank 557 486 623
Rank change year-on-year -71 +137 +3
Permanent jobs citing MiFID 117 57 136
As % of all permanent jobs advertised in London 0.26% 0.20% 0.24%
As % of the Quality Assurance & Compliance category 1.82% 1.66% 1.83%
Number of salaries quoted 58 47 96
10th Percentile £53,750 £48,000 £56,250
25th Percentile £67,188 £66,250 £60,000
Median annual salary (50th Percentile) £77,500 £74,000 £75,000
Median % change year-on-year +4.73% -1.33% -6.25%
75th Percentile £94,375 £85,625 £86,563
90th Percentile £111,250 £99,250 £95,000
England median annual salary £77,500 £74,000 £75,000
% change year-on-year +4.73% -1.33% -6.25%

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 London with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
London
Permanent vacancies with a requirement for quality assurance or compliance skills 6,446 3,436 7,428
As % of all permanent IT jobs advertised in London 14.28% 12.19% 13.06%
Number of salaries quoted 4,018 2,663 5,912
10th Percentile £40,000 £40,000 £37,500
25th Percentile £50,000 £48,537 £46,750
Median annual salary (50th Percentile) £65,000 £65,000 £60,000
Median % change year-on-year - +8.33% -
75th Percentile £83,750 £80,000 £78,750
90th Percentile £98,750 £97,500 £93,750
England median annual salary £55,000 £53,500 £50,000
% change year-on-year +2.80% +7.00% -

MiFID
Job Vacancy Trend in London

Job postings citing MiFID as a proportion of all IT jobs advertised in London.

Job vacancy trend for MiFID in London

MiFID
Salary Trend in London

3-month moving average salary quoted in jobs citing MiFID in London.

Salary trend for MiFID in London

MiFID
Salary Histogram in London

Salary distribution for jobs citing MiFID in London over the 6 months to 1 August 2021.

Salary histogram for MiFID in London

MiFID
Job Locations in London

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing MiFID within the London region over the 6 months to 1 August 2021. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
Central London -8 25 £83,750 +11.67% 2
West London - 1 £40,000 -
MiFID
England

For the 6 months to 1 August 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 London region with a requirement for MiFID.

1 100 (85.47%) Finance
2 57 (48.72%) Derivative
3 50 (42.74%) EMIR
4 48 (41.03%) Unix
5 43 (36.75%) Banking
6 35 (29.91%) Python
7 34 (29.06%) Front Office
8 32 (27.35%) QA
9 31 (26.50%) Equities
10 30 (25.64%) Scrum
11 29 (24.79%) Java
12 27 (23.08%) Data Management
13 26 (22.22%) Investment Banking
13 26 (22.22%) Windows
14 25 (21.37%) FIX Protocol
14 25 (21.37%) Functional Programming
15 24 (20.51%) Dependency Management
15 24 (20.51%) Relational Database
15 24 (20.51%) Gradle
15 24 (20.51%) Jenkins
15 24 (20.51%) Spring Boot
15 24 (20.51%) Inversion of Control
15 24 (20.51%) Bash Shell
15 24 (20.51%) Git (software)
15 24 (20.51%) Reverse Engineering
15 24 (20.51%) Build Automation
15 24 (20.51%) PostgreSQL
15 24 (20.51%) TDD
15 24 (20.51%) Spring
15 24 (20.51%) Regression Testing

MiFID
Co-occurring IT Skills in 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 2 (1.71%) Apache Spark
1 2 (1.71%) Confluence
1 2 (1.71%) Elasticsearch
Applications
1 5 (4.27%) Microsoft Excel
2 3 (2.56%) Microsoft Office
2 3 (2.56%) Microsoft PowerPoint
Business Applications
1 4 (3.42%) FINCAD Analytics
2 3 (2.56%) Markit EDM
2 3 (2.56%) PolarLake
3 1 (0.85%) Actimize
3 1 (0.85%) Kondor
3 1 (0.85%) thinkFolio
Cloud Services
1 2 (1.71%) Amazon EMR
1 2 (1.71%) Amazon S3
1 2 (1.71%) AWS
1 2 (1.71%) AWS Data Pipeline
1 2 (1.71%) AWS Lambda
2 1 (0.85%) Slack
Communications & Networking
1 1 (0.85%) WebEx
Database & Business Intelligence
1 24 (20.51%) DB2
1 24 (20.51%) PostgreSQL
1 24 (20.51%) RDBMS
1 24 (20.51%) Relational Database
2 3 (2.56%) Spark SQL
3 2 (1.71%) Amazon DynamoDB
3 2 (1.71%) Amazon Redshift
3 2 (1.71%) Apache Cassandra
3 2 (1.71%) Apache Hive
3 2 (1.71%) Apache Zeppelin
3 2 (1.71%) Big Data
3 2 (1.71%) DataStax
3 2 (1.71%) NoSQL
4 1 (0.85%) Blockchain
4 1 (0.85%) BusinessObjects
4 1 (0.85%) BusinessObjects Business Intelligence
Development Applications
1 24 (20.51%) Bitbucket Server
1 24 (20.51%) Eclipse
1 24 (20.51%) Git (software)
1 24 (20.51%) Gradle
1 24 (20.51%) IntelliJ
1 24 (20.51%) Jenkins
2 2 (1.71%) JIRA
General
1 100 (85.47%) Finance
2 43 (36.75%) Banking
3 34 (29.06%) Front Office
4 26 (22.22%) Investment Banking
5 21 (17.95%) Social Skills
6 12 (10.26%) Back Office
7 11 (9.40%) Analytical Skills
8 5 (4.27%) Advertising
8 5 (4.27%) Financial Institution
9 4 (3.42%) Marketing
10 1 (0.85%) Inclusion and Diversity
10 1 (0.85%) Influencing Skills
10 1 (0.85%) Legal
10 1 (0.85%) Organisational Skills
10 1 (0.85%) Publishing
10 1 (0.85%) Telecoms
Job Titles
1 49 (41.88%) Analyst
2 33 (28.21%) Developer
3 32 (27.35%) Business Analyst
4 26 (22.22%) Applications Support
5 25 (21.37%) Java Developer
6 22 (18.80%) Unix Support
7 15 (12.82%) Senior Analyst
8 12 (10.26%) Regulatory Business Analyst
9 10 (8.55%) Senior Business Analyst
10 8 (6.84%) Investment Banking Business Analyst
10 8 (6.84%) Lead Developer
10 8 (6.84%) Lead Java Developer
10 8 (6.84%) Senior Investment Banking Business Analyst
11 7 (5.98%) Applications Support Analyst
11 7 (5.98%) Report Analyst
11 7 (5.98%) Support Analyst
12 6 (5.13%) FIX Analyst
13 5 (4.27%) Banking Business Analyst
13 5 (4.27%) IT Analyst
13 5 (4.27%) MiFID Business Analyst
Libraries, Frameworks & Software Standards
1 25 (21.37%) FIX Protocol
2 24 (20.51%) Spring
2 24 (20.51%) Spring Boot
3 5 (4.27%) XML
4 3 (2.56%) FpML
5 2 (1.71%) Elastic Stack
5 2 (1.71%) Kafka
5 2 (1.71%) Middleware
5 2 (1.71%) Rendezvous
6 1 (0.85%) SAP Basis
Miscellaneous
1 57 (48.72%) Derivative
2 31 (26.50%) Equities
3 17 (14.53%) Foreign Exchange (FX)
4 8 (6.84%) Credit Risk
5 6 (5.13%) Fixed Income
5 6 (5.13%) Market Risk
6 5 (4.27%) Exotic Derivative
6 5 (4.27%) Management Information System
6 5 (4.27%) Reference Data
7 4 (3.42%) OTC Derivatives
8 3 (2.56%) Data Protection Act
8 3 (2.56%) Self-Motivation
9 2 (1.71%) Algorithms
9 2 (1.71%) User Experience
10 1 (0.85%) Hedge funds
Operating Systems
1 48 (41.03%) Unix
2 26 (22.22%) Windows
3 2 (1.71%) Linux
3 2 (1.71%) Windows 10
3 2 (1.71%) Windows 7
Processes & Methodologies
1 30 (25.64%) Scrum
2 27 (23.08%) Data Management
3 25 (21.37%) Functional Programming
4 24 (20.51%) Build Automation
4 24 (20.51%) Dependency Management
4 24 (20.51%) Inversion of Control
4 24 (20.51%) Regression Testing
4 24 (20.51%) Reverse Engineering
4 24 (20.51%) TDD
5 22 (18.80%) Collaborative Working
6 20 (17.09%) Critical Thinking
7 18 (15.38%) Creative Thinking
7 18 (15.38%) User Acceptance Testing
8 16 (13.68%) Agile Software Development
8 16 (13.68%) Business Analysis
9 15 (12.82%) Change Management
10 14 (11.97%) Problem-Solving
11 12 (10.26%) Stakeholder Management
12 10 (8.55%) Requirements Gathering
12 10 (8.55%) Risk Management
Programming Languages
1 35 (29.91%) Python
2 29 (24.79%) Java
3 24 (20.51%) Bash Shell
4 22 (18.80%) Perl
5 14 (11.97%) SQL
6 6 (5.13%) C#
7 3 (2.56%) VBA
8 2 (1.71%) PL/SQL
8 2 (1.71%) Scala
9 1 (0.85%) C++
Qualifications
1 11 (9.40%) Degree
2 5 (4.27%) Master's Degree
2 5 (4.27%) PhD
3 3 (2.56%) PMI Certification
3 3 (2.56%) PMP
4 2 (1.71%) CISA
4 2 (1.71%) CISSP
Quality Assurance & Compliance
1 50 (42.74%) EMIR
2 32 (27.35%) QA
3 11 (9.40%) Dodd-Frank
4 8 (6.84%) IFRS
5 6 (5.13%) Data Quality
6 4 (3.42%) AIFMD
6 4 (3.42%) Solvency II
7 2 (1.71%) GDPR
8 1 (0.85%) FATCA
8 1 (0.85%) UCITS
System Software
1 2 (1.71%) Apache ZooKeeper
1 2 (1.71%) Docker
Systems Management
1 2 (1.71%) Ambari
1 2 (1.71%) Ansible
1 2 (1.71%) Hadoop YARN
1 2 (1.71%) Kibana
1 2 (1.71%) logstash
Vendors
1 24 (20.51%) Sybase
2 6 (5.13%) Bloomberg
3 5 (4.27%) Refinitiv
4 4 (3.42%) Charles River
4 4 (3.42%) Murex
4 4 (3.42%) Tradeweb
5 3 (2.56%) Calypso
5 3 (2.56%) FactSet
5 3 (2.56%) Fidessa
5 3 (2.56%) Informatica
5 3 (2.56%) Microsoft
5 3 (2.56%) Reuters
5 3 (2.56%) SmartCo
5 3 (2.56%) SmartStream
6 2 (1.71%) FXall
6 2 (1.71%) Hortonworks
6 2 (1.71%) MarketAxess
6 2 (1.71%) Solace
6 2 (1.71%) TIBCO
7 1 (0.85%) Vermilion