Period
to

The following table provides summary statistics for permanent job vacancies 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 3 July 2022 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
UK
6 months to
3 Jul 2022
Same period 2021 Same period 2020
Rank 1112 858 789
Rank change year-on-year -254 -69 +165
Permanent jobs citing MiFID 145 127 61
As % of all permanent jobs advertised in the UK 0.080% 0.12% 0.077%
As % of the Quality Assurance & Compliance category 0.46% 0.85% 0.60%
Number of salaries quoted 106 71 53
10th Percentile £55,125 £53,750 £53,000
25th Percentile £75,000 £60,000 £66,250
Median annual salary (50th Percentile) £90,000 £77,500 £74,000
Median % change year-on-year +16.13% +4.73% +2.07%
75th Percentile £115,000 £94,375 £82,500
90th Percentile £138,750 £107,500 £98,500
UK excluding London median annual salary £90,000 £50,000 £72,500
% change year-on-year +80.00% -31.03% +34.88%

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 with a requirement for quality assurance or compliance skills.

All Quality Assurance and Compliance Skills
UK
Permanent vacancies with a requirement for quality assurance or compliance skills 31,815 14,910 10,210
As % of all permanent IT jobs advertised in the UK 17.60% 13.84% 12.88%
Number of salaries quoted 13,898 9,374 7,894
10th Percentile £31,250 £31,250 £30,000
25th Percentile £41,250 £41,250 £40,000
Median annual salary (50th Percentile) £55,000 £53,500 £52,500
Median % change year-on-year +2.80% +1.90% +5.00%
75th Percentile £73,462 £71,250 £70,000
90th Percentile £90,000 £86,250 £85,000
UK excluding London median annual salary £49,750 £47,500 £47,500
% change year-on-year +4.74% - +5.56%

MiFID
Job Vacancy Trend

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

Job vacancy trend for MiFID in the UK

MiFID
Salary Trend

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

Salary trend for MiFID in the UK

MiFID
Salary Histogram

Salary distribution for jobs citing MiFID over the 6 months to 3 July 2022.

Salary histogram for MiFID in the UK

MiFID
Top 7 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing MiFID within the UK over the 6 months to 3 July 2022. 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
Jobs
England -223 141 £90,000 +16.13% 7
London -218 134 £95,000 +22.58% 7
Work from Home -210 69 £110,000 +29.41% 2
UK excluding London -130 11 £90,000 +80.00%
South West -27 4 £30,500 -28.24%
Scotland -54 4 - -
South East - 3 £90,000 -

For the 6 months to 3 July 2022, 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 with a requirement for MiFID.

1 121 (83.45%) Finance
2 65 (44.83%) EMIR
3 52 (35.86%) Banking
4 48 (33.10%) Derivative
5 43 (29.66%) Investment Management
6 41 (28.28%) Business Analysis
7 40 (27.59%) Agile
8 34 (23.45%) Data Management
9 31 (21.38%) Git (software)
9 31 (21.38%) SQL
10 30 (20.69%) Charles River
10 30 (20.69%) Front Office
11 29 (20.00%) QA
11 29 (20.00%) Windows
12 28 (19.31%) Migration
12 28 (19.31%) SaaS
13 27 (18.62%) Scrum
13 27 (18.62%) Social Skills
14 26 (17.93%) Unix
14 26 (17.93%) Java
14 26 (17.93%) Investment Banking
15 24 (16.55%) Dependency Management
15 24 (16.55%) Regression Testing
16 23 (15.86%) PostgreSQL
16 23 (15.86%) TDD
16 23 (15.86%) Sybase
16 23 (15.86%) DB2
16 23 (15.86%) Eclipse
16 23 (15.86%) IntelliJ
16 23 (15.86%) RDBMS

MiFID
Co-occurring IT Skills 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 11 (7.59%) Confluence
2 4 (2.76%) SharePoint
Applications
1 8 (5.52%) Microsoft Office
2 7 (4.83%) Microsoft Excel
3 5 (3.45%) Microsoft PowerPoint
Business Applications
1 3 (2.07%) FLEXCUBE
2 1 (0.69%) Fidessa
2 1 (0.69%) SunGard Martini
2 1 (0.69%) thinkFolio
Cloud Services
1 28 (19.31%) SaaS
2 5 (3.45%) Azure
2 5 (3.45%) Collibra
2 5 (3.45%) Slack
3 4 (2.76%) AWS
4 2 (1.38%) Power Platform
5 1 (0.69%) Azure DevOps
5 1 (0.69%) Serverless
Communications & Networking
1 5 (3.45%) WebEx
2 3 (2.07%) ADSL
2 3 (2.07%) Cisco IOS
2 3 (2.07%) LAN
2 3 (2.07%) MD110
2 3 (2.07%) MPLS
2 3 (2.07%) PABX
2 3 (2.07%) WAN
2 3 (2.07%) Wi-Fi
3 2 (1.38%) BGP
3 2 (1.38%) Internet
3 2 (1.38%) OSPF
3 2 (1.38%) TCP/IP
3 2 (1.38%) VPN
Database & Business Intelligence
1 23 (15.86%) DB2
1 23 (15.86%) PostgreSQL
1 23 (15.86%) RDBMS
1 23 (15.86%) Relational Database
2 12 (8.28%) Big Data
3 8 (5.52%) Oracle Database
4 7 (4.83%) Metadata
5 5 (3.45%) Ataccama
6 4 (2.76%) SQL Server
7 3 (2.07%) MySQL
8 2 (1.38%) Data Warehouse
8 2 (1.38%) Hadoop
8 2 (1.38%) NoSQL
8 2 (1.38%) OLAP
8 2 (1.38%) OLAP Cube
8 2 (1.38%) Power BI
8 2 (1.38%) SQL Server Analysis Services
8 2 (1.38%) SQL Server Reporting Services
9 1 (0.69%) KDB
9 1 (0.69%) Kdb+
Development Applications
1 31 (21.38%) Git (software)
2 23 (15.86%) Bitbucket Server
2 23 (15.86%) Eclipse
2 23 (15.86%) Gradle
2 23 (15.86%) IntelliJ
2 23 (15.86%) Jenkins
3 10 (6.90%) JIRA
4 8 (5.52%) Subversion
5 2 (1.38%) Oracle APEX
6 1 (0.69%) Zephyr
General
1 121 (83.45%) Finance
2 52 (35.86%) Banking
3 30 (20.69%) Front Office
4 27 (18.62%) Social Skills
5 26 (17.93%) Investment Banking
6 18 (12.41%) Analytical Skills
7 7 (4.83%) Advertising
7 7 (4.83%) Financial Institution
8 6 (4.14%) Presentation Skills
9 5 (3.45%) Back Office
9 5 (3.45%) International Banking
10 4 (2.76%) Legal
11 3 (2.07%) Telecoms
12 2 (1.38%) Retail
13 1 (0.69%) Documentation Skills
Job Titles
1 64 (44.14%) Analyst
2 58 (40.00%) Business Analyst
3 44 (30.34%) Developer
4 30 (20.69%) Financial Analyst
5 29 (20.00%) Finance Business Analyst
6 27 (18.62%) Charles River Business Analyst
7 26 (17.93%) Charles River Analyst
7 26 (17.93%) Java Developer
8 19 (13.10%) Lead Developer
8 19 (13.10%) Lead Java Developer
9 11 (7.59%) Regulatory Business Analyst
9 11 (7.59%) Report Analyst
10 9 (6.21%) Data Manager
10 9 (6.21%) Regulatory Reporting Business Analyst
11 8 (5.52%) .NET Developer
11 8 (5.52%) .NET Web Developer
11 8 (5.52%) ASP.NET Developer
11 8 (5.52%) C# Developer
11 8 (5.52%) C++ Developer
11 8 (5.52%) Web Developer
Libraries, Frameworks & Software Standards
1 23 (15.86%) Spring
1 23 (15.86%) Spring Boot
2 16 (11.03%) XML
3 8 (5.52%) .NET
3 8 (5.52%) ASP.NET
3 8 (5.52%) ASP.NET Core
3 8 (5.52%) Blazor
3 8 (5.52%) CSS
3 8 (5.52%) HTML
3 8 (5.52%) HTML5
3 8 (5.52%) JSON
3 8 (5.52%) React
3 8 (5.52%) XSL
4 4 (2.76%) FIX Protocol
5 2 (1.38%) MDX
6 1 (0.69%) Kafka
Miscellaneous
1 48 (33.10%) Derivative
2 15 (10.34%) Equities
3 12 (8.28%) Foreign Exchange (FX)
3 12 (8.28%) Market Risk
4 10 (6.90%) User Experience
5 9 (6.21%) Equity Derivative
6 8 (5.52%) Greenfield Project
7 7 (4.83%) Exotic Derivative
7 7 (4.83%) Fixed Income
8 5 (3.45%) Reference Data
8 5 (3.45%) Taxonomies
8 5 (3.45%) Video Conferencing
9 4 (2.76%) Credit Risk
9 4 (2.76%) Self-Motivation
10 3 (2.07%) ASIC
10 3 (2.07%) Handset
10 3 (2.07%) iPhone
10 3 (2.07%) Management Information System
10 3 (2.07%) Virtual Team
11 2 (1.38%) Enterprise Software
Operating Systems
1 29 (20.00%) Windows
2 26 (17.93%) Unix
3 3 (2.07%) AIX
3 3 (2.07%) Linux
Processes & Methodologies
1 43 (29.66%) Investment Management
2 41 (28.28%) Business Analysis
3 40 (27.59%) Agile
4 34 (23.45%) Data Management
5 28 (19.31%) Migration
6 27 (18.62%) Scrum
7 24 (16.55%) Dependency Management
7 24 (16.55%) Regression Testing
8 23 (15.86%) Build Automation
8 23 (15.86%) Functional Programming
8 23 (15.86%) Inversion of Control
8 23 (15.86%) Reverse Engineering
8 23 (15.86%) TDD
9 18 (12.41%) User Acceptance Testing
10 17 (11.72%) Fintech
11 15 (10.34%) User Stories
12 14 (9.66%) Risk Management
13 11 (7.59%) Problem-Solving
13 11 (7.59%) Test Automation
13 11 (7.59%) Validation
Programming Languages
1 31 (21.38%) SQL
2 26 (17.93%) Java
3 10 (6.90%) PL/SQL
4 9 (6.21%) C++
4 9 (6.21%) Python
5 8 (5.52%) C#
5 8 (5.52%) JavaScript
6 3 (2.07%) Scala
7 2 (1.38%) PowerShell
7 2 (1.38%) T-SQL
Qualifications
1 13 (8.97%) Degree
2 8 (5.52%) Master's Degree
3 7 (4.83%) PhD
4 2 (1.38%) CEH
4 2 (1.38%) CISA
4 2 (1.38%) CISSP
4 2 (1.38%) CompTIA Security+
4 2 (1.38%) CREST Certified
4 2 (1.38%) MCSE
4 2 (1.38%) Microsoft Certification
4 2 (1.38%) OSCP
Quality Assurance & Compliance
1 65 (44.83%) EMIR
2 29 (20.00%) QA
3 12 (8.28%) GDPR
4 10 (6.90%) Dodd-Frank
5 9 (6.21%) Data Quality
6 3 (2.07%) PSD2
7 2 (1.38%) COREP
7 2 (1.38%) FINREP
7 2 (1.38%) ISO/IEC 27001
7 2 (1.38%) NIST
7 2 (1.38%) Sarbanes-Oxley
8 1 (0.69%) AIFMD
8 1 (0.69%) UCITS
Systems Management
1 3 (2.07%) AirWatch
Vendors
1 30 (20.69%) Charles River
2 23 (15.86%) Sybase
3 13 (8.97%) Oracle
4 5 (3.45%) Informatica
4 5 (3.45%) Microsoft
5 3 (2.07%) BT
5 3 (2.07%) Cisco
5 3 (2.07%) Meraki
5 3 (2.07%) Mitel
6 2 (1.38%) Calypso
6 2 (1.38%) Cloudera
6 2 (1.38%) FIS
6 2 (1.38%) Google
6 2 (1.38%) Hortonworks
7 1 (0.69%) Bloomberg
7 1 (0.69%) Murex
7 1 (0.69%) SunGard