Period
to 15 August 2020

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 15 August 2020 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
UK
6 months to
15 Aug 2020
Same period 2019 Same period 2018
Rank 700 959 947
Rank change year-on-year +259 -12 -185
Permanent jobs citing MiFID 62 130 248
As % of all permanent jobs advertised in the UK 0.100% 0.092% 0.15%
As % of the Quality Assurance & Compliance category 0.82% 0.69% 1.11%
Number of salaries quoted 54 93 173
Median annual salary £72,500 £75,000 £80,000
Median salary % change year-on-year -3.33% -6.25% +6.67%
10th Percentile £40,375 £56,250 £48,400
90th Percentile £96,750 £96,000 £120,000
UK excluding London median annual salary £72,500 £52,500 £52,500
% change year-on-year +38.10% - -12.50%

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 7,553 18,927 22,265
As % of all permanent IT jobs advertised in the UK 12.16% 13.34% 13.13%
Number of salaries quoted 5,735 13,955 16,881
Median annual salary £52,500 £50,000 £50,000
Median salary % change year-on-year +5.00% - +5.26%
10th Percentile £30,500 £28,000 £28,500
90th Percentile £85,000 £83,750 £80,000
UK excluding London median annual salary £47,500 £45,000 £45,000
% change year-on-year +5.56% - +5.88%

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 15 August 2020.

Salary histogram for MiFID in the UK

MiFID
Top 8 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 15 August 2020. 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 +275 60 £73,250 -2.33% 7
London +143 55 £72,500 -3.33% 7
UK excluding London +283 7 £72,500 +38.10%
South East - 3 £77,500 -
North of England +177 2 £73,750 +40.48%
Northern Ireland - 2 £40,000 -
Yorkshire +130 1 £72,500 +38.10%
North East - 1 £75,000 -

For the 6 months to 15 August 2020, 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 44 (70.97%) Finance
2 36 (58.06%) EMIR
3 25 (40.32%) Agile Software Development
4 19 (30.65%) Business Analysis
5 17 (27.42%) Foreign Exchange (FX)
6 14 (22.58%) Dodd-Frank
6 14 (22.58%) SDLC
6 14 (22.58%) Requirements Gathering
7 13 (20.97%) Waterfall
8 12 (19.35%) Back Office
8 12 (19.35%) Python
8 12 (19.35%) SQL
8 12 (19.35%) Degree
8 12 (19.35%) Banking
9 11 (17.74%) C#
9 11 (17.74%) Stakeholder Management
10 9 (14.52%) V-Model
10 9 (14.52%) Analytical Skills
10 9 (14.52%) Analytics
10 9 (14.52%) Migration
10 9 (14.52%) Risk Management
10 9 (14.52%) Fixed Income
11 8 (12.90%) Equities
11 8 (12.90%) Front Office
11 8 (12.90%) .NET
11 8 (12.90%) Multithreading
12 7 (11.29%) Stochastic Calculus
12 7 (11.29%) Validation
12 7 (11.29%) Bloomberg
12 7 (11.29%) Asset Management

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 (3.23%) SAS
2 1 (1.61%) Apache
2 1 (1.61%) Red Hat Fuse
Applications
1 3 (4.84%) Microsoft Excel
Business Applications
1 3 (4.84%) Actimize
2 2 (3.23%) Endur
Cloud Services
1 2 (3.23%) AWS
Communications & Networking
1 4 (6.45%) CHAP
Database & Business Intelligence
1 5 (8.06%) SQL Server
2 2 (3.23%) MongoDB
2 2 (3.23%) Oracle BI EE
2 2 (3.23%) SQL Server Analysis Services
2 2 (3.23%) SQL Server Integration Services
2 2 (3.23%) SQL Server Reporting Services
3 1 (1.61%) Data Warehouse
3 1 (1.61%) MS Access
3 1 (1.61%) MySQL
3 1 (1.61%) NoSQL
3 1 (1.61%) RDBMS
3 1 (1.61%) Relational Database
Development Applications
1 2 (3.23%) JBehave
1 2 (3.23%) Selenium
2 1 (1.61%) Jenkins
General
1 44 (70.97%) Finance
2 12 (19.35%) Back Office
2 12 (19.35%) Banking
3 8 (12.90%) Front Office
4 6 (9.68%) Advertising
5 1 (1.61%) Investment Banking
5 1 (1.61%) Law
5 1 (1.61%) Legal
5 1 (1.61%) Marketing
Job Titles
1 34 (54.84%) Analyst
2 26 (41.94%) Business Analyst
3 16 (25.81%) Developer
4 10 (16.13%) Regulatory Business Analyst
5 7 (11.29%) Quantitative Developer
6 6 (9.68%) Analyst Developer
6 6 (9.68%) C# Developer
6 6 (9.68%) Qualitative Analyst
6 6 (9.68%) Quantitative Analyst
6 6 (9.68%) Quantitative Analyst Developer
6 6 (9.68%) Report Analyst
6 6 (9.68%) Senior Analyst
7 5 (8.06%) Regulatory Reporting Business Analyst
7 5 (8.06%) Senior Business Analyst
7 5 (8.06%) Senior Developer
8 4 (6.45%) Payments Analyst
8 4 (6.45%) Payments Business Analyst
8 4 (6.45%) Python Developer
8 4 (6.45%) Report Developer
8 4 (6.45%) Senior C# Developer
Libraries, Frameworks & Software Standards
1 8 (12.90%) .NET
2 6 (9.68%) ASP.NET
2 6 (9.68%) ASP.NET MVC
2 6 (9.68%) HTML
2 6 (9.68%) WCF
3 4 (6.45%) REST
4 3 (4.84%) Bokeh
4 3 (4.84%) CSS
4 3 (4.84%) D3.js
4 3 (4.84%) RabbitMQ
4 3 (4.84%) Web Services
5 2 (3.23%) .NET Core
5 2 (3.23%) AngularJS
5 2 (3.23%) COM
5 2 (3.23%) FIX Protocol
5 2 (3.23%) Spring
5 2 (3.23%) WinForms
6 1 (1.61%) Ajax
6 1 (1.61%) GWT
6 1 (1.61%) JSF
Miscellaneous
1 17 (27.42%) Foreign Exchange (FX)
2 9 (14.52%) Analytical Skills
2 9 (14.52%) Fixed Income
3 8 (12.90%) Equities
4 7 (11.29%) Market Risk
5 6 (9.68%) Exotic Derivative
6 5 (8.06%) Derivative
7 4 (6.45%) SWIFT
8 3 (4.84%) OTC Derivatives
9 2 (3.23%) Algorithms
9 2 (3.23%) Client/Server
9 2 (3.23%) Data Structures
9 2 (3.23%) Reference Data
10 1 (1.61%) Analytical Mindset
10 1 (1.61%) Clustering
10 1 (1.61%) Credit Risk
10 1 (1.61%) Enterprise Software
10 1 (1.61%) Hedge funds
Processes & Methodologies
1 25 (40.32%) Agile Software Development
2 19 (30.65%) Business Analysis
3 14 (22.58%) Requirements Gathering
3 14 (22.58%) SDLC
4 13 (20.97%) Waterfall
5 11 (17.74%) Stakeholder Management
6 9 (14.52%) Analytics
6 9 (14.52%) Migration
6 9 (14.52%) Risk Management
6 9 (14.52%) V-Model
7 8 (12.90%) Multithreading
8 7 (11.29%) Asset Management
8 7 (11.29%) Stochastic Calculus
8 7 (11.29%) Validation
9 6 (9.68%) Mathematics
9 6 (9.68%) MVC
9 6 (9.68%) Physics
10 5 (8.06%) Data Management
10 5 (8.06%) Financial Modelling
10 5 (8.06%) UML
Programming Languages
1 12 (19.35%) Python
1 12 (19.35%) SQL
2 11 (17.74%) C#
3 6 (9.68%) R
4 5 (8.06%) JavaScript
5 4 (6.45%) Java
6 3 (4.84%) C++
6 3 (4.84%) MATLAB
7 2 (3.23%) Java 8
7 2 (3.23%) PL/SQL
7 2 (3.23%) T-SQL
Qualifications
1 12 (19.35%) Degree
2 6 (9.68%) Master's Degree
2 6 (9.68%) PhD
3 5 (8.06%) CBAP
3 5 (8.06%) IIBA
3 5 (8.06%) ISEB
4 2 (3.23%) CFA
4 2 (3.23%) Computer Science Degree
Quality Assurance & Compliance
1 36 (58.06%) EMIR
2 14 (22.58%) Dodd-Frank
3 5 (8.06%) GDPR
4 4 (6.45%) ISO 20022
4 4 (6.45%) SEPA
5 3 (4.84%) Solvency II
6 2 (3.23%) Basel III
6 2 (3.23%) Data Quality
6 2 (3.23%) QA
7 1 (1.61%) ISO/IEC 27001
7 1 (1.61%) Sarbanes-Oxley
System Software
1 1 (1.61%) Docker
Vendors
1 7 (11.29%) Bloomberg
2 6 (9.68%) Oracle
2 6 (9.68%) Tableau
3 4 (6.45%) Microsoft
3 4 (6.45%) Refinitiv
4 2 (3.23%) Charles River
4 2 (3.23%) Reuters
4 2 (3.23%) Trayport
5 1 (1.61%) Foundry
5 1 (1.61%) FXall
5 1 (1.61%) Tradeweb