Period
to 26 November 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 26 November 2021 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
England > London
6 months to
26 Nov 2021
Same period 2020 Same period 2019
Rank 652 425 675
Rank change year-on-year -227 +250 -44
Permanent jobs citing MiFID 83 68 76
As % of all permanent jobs advertised in London 0.16% 0.31% 0.14%
As % of the Quality Assurance & Compliance category 1.06% 2.63% 1.08%
Number of salaries quoted 60 54 61
10th Percentile £56,125 £41,250 £58,750
25th Percentile £67,188 £58,750 £66,250
Median annual salary (50th Percentile) £75,000 £70,000 £75,000
Median % change year-on-year +7.14% -6.67% -11.76%
75th Percentile £89,063 £90,938 £95,000
90th Percentile £105,000 £97,500 £105,000
England median annual salary £75,000 £70,000 £79,500
% change year-on-year +7.14% -11.95% -6.47%

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 7,818 2,587 7,034
As % of all permanent IT jobs advertised in London 15.04% 11.98% 12.93%
Number of salaries quoted 5,052 2,127 5,476
10th Percentile £40,000 £41,250 £36,250
25th Percentile £50,000 £50,000 £46,250
Median annual salary (50th Percentile) £65,000 £65,000 £60,000
Median % change year-on-year - +8.33% -
75th Percentile £85,000 £82,500 £77,813
90th Percentile £101,250 £96,250 £93,750
England median annual salary £55,000 £55,000 £50,000
% change year-on-year - +10.00% -

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 26 November 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 26 November 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 -37 29 £82,500 - 6
East London - 3 £75,000 - 1
MiFID
England

For the 6 months to 26 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 London region with a requirement for MiFID.

1 70 (84.34%) Finance
2 52 (62.65%) EMIR
3 33 (39.76%) Banking
4 28 (33.73%) Derivative
5 25 (30.12%) Equities
6 24 (28.92%) Unix
7 23 (27.71%) Python
8 21 (25.30%) QA
8 21 (25.30%) Agile Software Development
8 21 (25.30%) Investment Banking
9 18 (21.69%) Java
10 17 (20.48%) Scrum
10 17 (20.48%) Risk Management
10 17 (20.48%) Regression Testing
10 17 (20.48%) Spring
10 17 (20.48%) TDD
10 17 (20.48%) Jenkins
10 17 (20.48%) Relational Database
11 16 (19.28%) Dodd-Frank
11 16 (19.28%) Business Analysis
11 16 (19.28%) Degree
11 16 (19.28%) Foreign Exchange (FX)
12 15 (18.07%) RDBMS
12 15 (18.07%) Eclipse
12 15 (18.07%) IntelliJ
12 15 (18.07%) Sybase
12 15 (18.07%) DB2
12 15 (18.07%) Windows
12 15 (18.07%) Advertising
12 15 (18.07%) Validation

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 1 (1.20%) Confluence
Applications
1 4 (4.82%) Microsoft Excel
1 4 (4.82%) Microsoft PowerPoint
2 2 (2.41%) Microsoft Office
Business Applications
1 1 (1.20%) FINCAD Analytics
1 1 (1.20%) thinkFolio
Cloud Services
1 5 (6.02%) AWS
2 3 (3.61%) Serverless
3 1 (1.20%) Slack
Communications & Networking
1 1 (1.20%) TCP/IP
1 1 (1.20%) WebEx
Database & Business Intelligence
1 17 (20.48%) Relational Database
2 15 (18.07%) DB2
2 15 (18.07%) PostgreSQL
2 15 (18.07%) RDBMS
3 1 (1.20%) Blockchain
Development Applications
1 17 (20.48%) Jenkins
2 15 (18.07%) Bitbucket Server
2 15 (18.07%) Eclipse
2 15 (18.07%) Git (software)
2 15 (18.07%) Gradle
2 15 (18.07%) IntelliJ
3 2 (2.41%) Maven
4 1 (1.20%) JIRA
General
1 70 (84.34%) Finance
2 33 (39.76%) Banking
3 21 (25.30%) Investment Banking
4 15 (18.07%) Advertising
5 14 (16.87%) Social Skills
6 9 (10.84%) Analytical Skills
7 8 (9.64%) Front Office
8 4 (4.82%) Legal
9 3 (3.61%) Marketing
10 1 (1.20%) Back Office
10 1 (1.20%) Inclusion and Diversity
10 1 (1.20%) Influencing Skills
10 1 (1.20%) Organisational Skills
Job Titles
1 32 (38.55%) Analyst
2 29 (34.94%) Developer
3 24 (28.92%) Business Analyst
4 17 (20.48%) Java Developer
5 12 (14.46%) Quantitative Developer
6 9 (10.84%) Regulatory Business Analyst
7 8 (9.64%) Applications Support
7 8 (9.64%) Senior Analyst
7 8 (9.64%) Unix Support
8 7 (8.43%) C# Developer
8 7 (8.43%) C# Quant Developer
9 5 (6.02%) Business IT Analyst
9 5 (6.02%) Data Analyst
9 5 (6.02%) IT Analyst
9 5 (6.02%) IT Business Analyst
9 5 (6.02%) MiFID Business Analyst
9 5 (6.02%) Python Developer
9 5 (6.02%) Report Analyst
10 4 (4.82%) Senior Business Analyst
10 4 (4.82%) Technical Analyst
Libraries, Frameworks & Software Standards
1 17 (20.48%) Spring
2 13 (15.66%) FIX Protocol
2 13 (15.66%) Spring Boot
3 5 (6.02%) XML
4 3 (3.61%) FpML
5 2 (2.41%) Swing
5 2 (2.41%) TIBCO EMS
Miscellaneous
1 28 (33.73%) Derivative
2 25 (30.12%) Equities
3 16 (19.28%) Foreign Exchange (FX)
4 15 (18.07%) Exotic Derivative
4 15 (18.07%) Market Risk
5 7 (8.43%) Fixed Income
6 5 (6.02%) Credit Risk
6 5 (6.02%) Self-Motivation
7 4 (4.82%) Reference Data
8 3 (3.61%) Cloud Native
8 3 (3.61%) Data Protection Act
9 1 (1.20%) Equity Derivative
Operating Systems
1 24 (28.92%) Unix
2 15 (18.07%) Windows
3 3 (3.61%) Linux
Processes & Methodologies
1 21 (25.30%) Agile Software Development
2 17 (20.48%) Regression Testing
2 17 (20.48%) Risk Management
2 17 (20.48%) Scrum
2 17 (20.48%) TDD
3 16 (19.28%) Business Analysis
4 15 (18.07%) Build Automation
4 15 (18.07%) Dependency Management
4 15 (18.07%) Financial Modelling
4 15 (18.07%) Functional Programming
4 15 (18.07%) Inversion of Control
4 15 (18.07%) Model Validation
4 15 (18.07%) Reverse Engineering
4 15 (18.07%) Stochastic Calculus
4 15 (18.07%) Validation
5 14 (16.87%) Data Management
5 14 (16.87%) Mathematics
5 14 (16.87%) Physics
6 12 (14.46%) Artificial Intelligence
6 12 (14.46%) Machine Learning
Programming Languages
1 23 (27.71%) Python
2 18 (21.69%) Java
3 12 (14.46%) C#
4 10 (12.05%) SQL
5 8 (9.64%) Bash Shell
5 8 (9.64%) Perl
6 3 (3.61%) C++
6 3 (3.61%) MATLAB
6 3 (3.61%) R
7 1 (1.20%) PL/SQL
7 1 (1.20%) VBA
Qualifications
1 16 (19.28%) Degree
2 14 (16.87%) Master's Degree
2 14 (16.87%) PhD
3 1 (1.20%) CISA
3 1 (1.20%) CISSP
Quality Assurance & Compliance
1 52 (62.65%) EMIR
2 21 (25.30%) QA
3 16 (19.28%) Dodd-Frank
4 6 (7.23%) AIFMD
4 6 (7.23%) Data Quality
5 3 (3.61%) Solvency II
6 2 (2.41%) GDPR
6 2 (2.41%) IFRS
7 1 (1.20%) FATCA
System Software
1 2 (2.41%) Virtual Machines
Vendors
1 15 (18.07%) Sybase
2 3 (3.61%) Microsoft
3 2 (2.41%) TIBCO
4 1 (1.20%) Atlassian
4 1 (1.20%) Charles River