Period
to 21 November 2017

The following table provides summary statistics for permanent job vacancies advertised in Scotland 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 November 2017 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
UK > Scotland
6 months to
21 Nov 2017
Same period 2016 Same period 2015
Rank 228 203 240
Rank change year-on-year -25 +37 +11
Permanent jobs citing MiFID 6 12 5
As % of all permanent IT jobs advertised in Scotland 0.11% 0.23% 0.078%
As % of the Quality Assurance & Compliance category 1.23% 2.14% 0.56%
Number of salaries quoted 3 2 2
Scotland median annual salary £60,000 £49,250 £48,750
Median salary % change year-on-year +21.83% +1.03% -20.73%
10th Percentile £54,500 £44,475 £43,125
90th Percentile £64,500 £55,425 £55,375
UK median annual salary £72,500 £75,000 £72,500
% change year-on-year -3.33% +3.45% -3.33%

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 Scotland with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
Scotland
Permanent vacancies with a requirement for quality assurance or compliance skills 487 562 892
As % of all permanent IT jobs advertised in Scotland 8.60% 10.86% 13.94%
Number of salaries quoted 314 345 530
Scotland median annual salary £42,250 £42,183 £40,000
Median salary % change year-on-year +0.16% +5.46% +1.27%
10th Percentile £26,250 £25,000 £27,500
90th Percentile £66,250 £61,250 £60,000
UK median annual salary £50,000 £49,000 £46,000
% change year-on-year +2.04% +6.52% +2.22%

MiFID
Job Vacancy Trend in Scotland

Job postings citing MiFID as a percentage of all IT jobs advertised in Scotland.

Job vacancy trend for MiFID in Scotland

MiFID
Salary Trend in Scotland

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing MiFID in Scotland.

Salary trend for MiFID in Scotland

MiFID
Job Locations in Scotland

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing MiFID within the Scotland region over the 6 months to 21 November 2017. 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
Glasgow -14 6 £60,000 - 1
MiFID
UK

For the 6 months to 21 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 Scotland region with a requirement for MiFID.

1 4 (66.67%) Agile Software Development
2 3 (50.00%) Finance
2 3 (50.00%) Scrum
2 3 (50.00%) Banking
2 3 (50.00%) EMIR
2 3 (50.00%) Dodd-Frank
3 2 (33.33%) Wealth Management
3 2 (33.33%) Spring
3 2 (33.33%) Avaloq
3 2 (33.33%) Stakeholder Management
3 2 (33.33%) Programme Management
3 2 (33.33%) Charles River
3 2 (33.33%) Unix
3 2 (33.33%) Java
3 2 (33.33%) SQL
3 2 (33.33%) DB2
3 2 (33.33%) JUnit
3 2 (33.33%) Analytical Skills
3 2 (33.33%) Relational Database
4 1 (16.67%) Microservices
4 1 (16.67%) Software Delivery
4 1 (16.67%) SDLC
4 1 (16.67%) SOAP
4 1 (16.67%) XML
4 1 (16.67%) Ant
4 1 (16.67%) VB
4 1 (16.67%) Sybase
4 1 (16.67%) Perl
4 1 (16.67%) Linux
4 1 (16.67%) OOA/OOD

MiFID
Co-occurring IT Skills in Scotland 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:

Database & Business Intelligence
1 2 (33.33%) DB2
1 2 (33.33%) Relational Database
2 1 (16.67%) RDBMS
Development Applications
1 2 (33.33%) JUnit
2 1 (16.67%) Ant
2 1 (16.67%) Concordion
2 1 (16.67%) Cucumber
2 1 (16.67%) Git (software)
2 1 (16.67%) Gradle
2 1 (16.67%) Hudson
2 1 (16.67%) JBehave
2 1 (16.67%) Jenkins
2 1 (16.67%) Maven
2 1 (16.67%) Selenium
General
1 3 (50.00%) Banking
1 3 (50.00%) Finance
2 1 (16.67%) Front Office
Job Titles
1 4 (66.67%) Business Analyst
2 3 (50.00%) Analyst
3 2 (33.33%) Business Manager
3 2 (33.33%) Business Project Manager
3 2 (33.33%) Project Analyst
3 2 (33.33%) Project Manager
3 2 (33.33%) Senior Business Analyst
4 1 (16.67%) Business IT Analyst
4 1 (16.67%) Developer
4 1 (16.67%) DevOps Engineer
4 1 (16.67%) IT Business Analyst
4 1 (16.67%) Java Developer
4 1 (16.67%) MiFID Business Analyst
4 1 (16.67%) MiFID Project Manager
4 1 (16.67%) Scala Developer
4 1 (16.67%) Senior Analyst
4 1 (16.67%) Senior Developer
4 1 (16.67%) Senior IT Business Analyst
4 1 (16.67%) Senior Java Developer
4 1 (16.67%) Senior Scala Developer
Libraries, Frameworks & Software Standards
1 2 (33.33%) Spring
2 1 (16.67%) J2SE
2 1 (16.67%) JSON
2 1 (16.67%) SOAP
2 1 (16.67%) XML
Miscellaneous
1 2 (33.33%) Analytical Skills
2 1 (16.67%) Computer Science
2 1 (16.67%) Equity Derivative
Operating Systems
1 2 (33.33%) Unix
2 1 (16.67%) Linux
Processes & Methodologies
1 4 (66.67%) Agile Software Development
2 3 (50.00%) Scrum
3 2 (33.33%) Programme Management
3 2 (33.33%) Stakeholder Management
3 2 (33.33%) Wealth Management
4 1 (16.67%) Database Tuning
4 1 (16.67%) DevOps
4 1 (16.67%) Domain-Driven Design
4 1 (16.67%) Mathematics
4 1 (16.67%) Microservices
4 1 (16.67%) OO
4 1 (16.67%) OOA/OOD
4 1 (16.67%) Performance Tuning
4 1 (16.67%) Project Management
4 1 (16.67%) Release Management
4 1 (16.67%) Software Engineering
4 1 (16.67%) TDD
4 1 (16.67%) Test Automation
4 1 (16.67%) User Acceptance Testing
4 1 (16.67%) User Stories
Programming Languages
1 2 (33.33%) Java
1 2 (33.33%) SQL
2 1 (16.67%) Perl
2 1 (16.67%) Scala
2 1 (16.67%) Shell Script
2 1 (16.67%) VB
Quality Assurance & Compliance
1 3 (50.00%) Dodd-Frank
1 3 (50.00%) EMIR
System Software
1 1 (16.67%) Docker
Vendors
1 2 (33.33%) Avaloq
1 2 (33.33%) Charles River
2 1 (16.67%) Perforce
2 1 (16.67%) Sybase