Period
to 28 January 2021

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 28 January 2021 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
UK
6 months to
28 Jan 2021
Same period 2020 Same period 2019
Rank 691 946 908
Rank change year-on-year +255 -38 -18
Permanent jobs citing MiFID 81 83 210
As % of all permanent jobs advertised in the UK 0.12% 0.066% 0.14%
As % of the Quality Assurance & Compliance category 1.03% 0.53% 1.00%
Number of salaries quoted 71 74 141
Median annual salary £70,000 £80,000 £75,000
Median salary % change year-on-year -12.50% +6.67% -
10th Percentile £55,000 £57,875 £53,750
90th Percentile £95,000 £107,500 £100,000
UK excluding London median annual salary £72,500 £105,000 -
% change year-on-year -30.95% - -

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 7,857 15,772 20,968
As % of all permanent IT jobs advertised in the UK 11.99% 12.55% 13.88%
Number of salaries quoted 5,817 12,292 15,573
Median annual salary £52,500 £52,302 £50,000
Median salary % change year-on-year +0.38% +4.60% -
10th Percentile £31,250 £28,500 £27,500
90th Percentile £84,700 £83,750 £80,000
UK excluding London median annual salary £47,500 £45,000 £45,000
% change year-on-year +5.56% - +4.65%

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 28 January 2021.

Salary histogram for MiFID in the UK

MiFID
Top 6 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 28 January 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
England +248 81 £70,000 -12.50% 5
London +225 78 £70,000 -9.68% 4
Work from Home -69 3 £60,000 -
UK excluding London +177 2 £72,500 -30.95%
North of England - 2 £72,500 -
Yorkshire - 2 £72,500 -

For the 6 months to 28 January 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 with a requirement for MiFID.

1 56 (69.14%) EMIR
2 46 (56.79%) Dodd-Frank
3 44 (54.32%) Agile Software Development
4 42 (51.85%) Banking
5 36 (44.44%) Finance
5 36 (44.44%) Machine Learning
6 35 (43.21%) Artificial Intelligence
7 30 (37.04%) Investment Banking
7 30 (37.04%) Stakeholder Management
8 27 (33.33%) Waterfall
8 27 (33.33%) DevOps
9 24 (29.63%) Equities
10 23 (28.40%) Legal
10 23 (28.40%) Degree
11 21 (25.93%) Murex
11 21 (25.93%) TOGAF
11 21 (25.93%) Analytics
12 20 (24.69%) Digital Transformation Programme
12 20 (24.69%) Loan IQ
13 17 (20.99%) Python
13 17 (20.99%) Java
14 15 (18.52%) Advertising
14 15 (18.52%) Risk Management
14 15 (18.52%) Market Risk
15 14 (17.28%) Mathematics
15 14 (17.28%) Physics
15 14 (17.28%) Foreign Exchange (FX)
15 14 (17.28%) PhD
16 13 (16.05%) C#
16 13 (16.05%) Validation

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 2 (2.47%) Apache
2 1 (1.23%) Apache Spark
2 1 (1.23%) Confluence
Applications
1 2 (2.47%) Microsoft Excel
1 2 (2.47%) Microsoft Office
2 1 (1.23%) Microsoft PowerPoint
2 1 (1.23%) Microsoft Project
2 1 (1.23%) MS Visio
Business Applications
1 20 (24.69%) Loan IQ
2 8 (9.88%) FINCAD Analytics
3 2 (2.47%) Endur
4 1 (1.23%) thinkFolio
Cloud Services
1 6 (7.41%) Azure
2 5 (6.17%) AWS
3 2 (2.47%) SaaS
4 1 (1.23%) Slack
Communications & Networking
1 1 (1.23%) WebEx
Database & Business Intelligence
1 3 (3.70%) Big Data
1 3 (3.70%) SQL Server
2 2 (2.47%) Apache Ignite
2 2 (2.47%) Hazelcast
2 2 (2.47%) KDB
2 2 (2.47%) Kdb+
2 2 (2.47%) SQL Server Analysis Services
2 2 (2.47%) SQL Server Integration Services
2 2 (2.47%) SQL Server Reporting Services
3 1 (1.23%) Blockchain
3 1 (1.23%) Data Lake
Development Applications
1 5 (6.17%) JBehave
1 5 (6.17%) Selenium
2 3 (3.70%) JIRA
General
1 42 (51.85%) Banking
2 36 (44.44%) Finance
3 30 (37.04%) Investment Banking
4 23 (28.40%) Legal
5 15 (18.52%) Advertising
6 11 (13.58%) Front Office
7 6 (7.41%) Back Office
8 2 (2.47%) Financial Institution
9 1 (1.23%) French Language
9 1 (1.23%) Law
Job Titles
1 26 (32.10%) Analyst
2 23 (28.40%) Architect
3 21 (25.93%) Solutions Architect
3 21 (25.93%) TOGAF Architect
4 20 (24.69%) MiFID Architect
5 16 (19.75%) Developer
6 14 (17.28%) Business Analyst
7 13 (16.05%) Quantitative Developer
8 11 (13.58%) Project Manager
9 10 (12.35%) Analyst Developer
9 10 (12.35%) Qualitative Analyst
9 10 (12.35%) Quantitative Analyst
9 10 (12.35%) Quantitative Analyst Developer
9 10 (12.35%) Senior Developer
9 10 (12.35%) Senior Quantitative Developer
10 9 (11.11%) Senior Analyst
10 9 (11.11%) Senior Analyst Developer
10 9 (11.11%) Senior Quantitative Analyst
11 8 (9.88%) Lead Architect
11 8 (9.88%) Lead Solutions Architect
Libraries, Frameworks & Software Standards
1 8 (9.88%) .NET
2 6 (7.41%) FIX Protocol
3 3 (3.70%) HTML
4 2 (2.47%) .NET Core
4 2 (2.47%) CSS
4 2 (2.47%) RabbitMQ
4 2 (2.47%) Spring
4 2 (2.47%) XML
5 1 (1.23%) ASP.NET
5 1 (1.23%) ASP.NET MVC
5 1 (1.23%) Natural Language Processing
5 1 (1.23%) WCF
5 1 (1.23%) Web Services
5 1 (1.23%) WinForms
Miscellaneous
1 24 (29.63%) Equities
2 15 (18.52%) Market Risk
3 14 (17.28%) Foreign Exchange (FX)
4 13 (16.05%) Exotic Derivative
5 4 (4.94%) Derivative
6 2 (2.47%) Algorithms
6 2 (2.47%) Analytical Skills
6 2 (2.47%) Data Structures
6 2 (2.47%) Equity Derivative
6 2 (2.47%) Fixed Income
6 2 (2.47%) Taxonomies
7 1 (1.23%) Client/Server
7 1 (1.23%) Management Information System
7 1 (1.23%) PMI
7 1 (1.23%) Reference Data
Operating Systems
1 6 (7.41%) Unix
2 5 (6.17%) CoreOS
2 5 (6.17%) Linux
2 5 (6.17%) Windows
2 5 (6.17%) zOS
Processes & Methodologies
1 44 (54.32%) Agile Software Development
2 36 (44.44%) Machine Learning
3 35 (43.21%) Artificial Intelligence
4 30 (37.04%) Stakeholder Management
5 27 (33.33%) DevOps
5 27 (33.33%) Waterfall
6 21 (25.93%) Analytics
6 21 (25.93%) TOGAF
7 20 (24.69%) Digital Transformation Programme
8 15 (18.52%) Risk Management
9 14 (17.28%) Mathematics
9 14 (17.28%) Physics
10 13 (16.05%) Financial Modelling
10 13 (16.05%) Stochastic Calculus
10 13 (16.05%) Validation
11 11 (13.58%) Scrum
12 10 (12.35%) Business Analysis
13 9 (11.11%) Requirements Gathering
14 8 (9.88%) Computer Science
14 8 (9.88%) User Acceptance Testing
Programming Languages
1 17 (20.99%) Java
1 17 (20.99%) Python
2 13 (16.05%) C#
3 7 (8.64%) C++
4 6 (7.41%) SQL
5 3 (3.70%) JavaScript
5 3 (3.70%) Julia
6 2 (2.47%) C
6 2 (2.47%) PL/SQL
6 2 (2.47%) T-SQL
7 1 (1.23%) Bash Shell
7 1 (1.23%) Perl
7 1 (1.23%) R
7 1 (1.23%) Scala
Qualifications
1 23 (28.40%) Degree
2 14 (17.28%) PhD
3 13 (16.05%) Master's Degree
4 2 (2.47%) Computer Science Degree
5 1 (1.23%) CBAP
5 1 (1.23%) PMI Certification
5 1 (1.23%) PMP
Quality Assurance & Compliance
1 56 (69.14%) EMIR
2 46 (56.79%) Dodd-Frank
3 7 (8.64%) GDPR
3 7 (8.64%) QA
4 3 (3.70%) Solvency II
5 2 (2.47%) ISO/IEC 27001
5 2 (2.47%) Sarbanes-Oxley
System Software
1 5 (6.17%) Docker
Systems Management
1 5 (6.17%) Ansible
1 5 (6.17%) Kubernetes
1 5 (6.17%) Opscode Chef
1 5 (6.17%) Puppet
1 5 (6.17%) Terraform
Vendors
1 21 (25.93%) Murex
2 5 (6.17%) Google
3 2 (2.47%) Bloomberg
3 2 (2.47%) Microsoft
3 2 (2.47%) Oracle
4 1 (1.23%) Calypso
4 1 (1.23%) Charles River
4 1 (1.23%) Databricks
4 1 (1.23%) OpenLink
4 1 (1.23%) SimCorp
4 1 (1.23%) StatPro
4 1 (1.23%) Trayport