Period
to 23 July 2018

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 23 July 2018 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
UK
6 months to
23 Jul 2018
Same period 2017 Same period 2016
Rank 930 737 940
Rank change year-on-year -193 +203 +156
Permanent jobs citing MiFID 259 496 345
As % of all permanent IT jobs advertised in the UK 0.15% 0.28% 0.17%
As % of the Quality Assurance & Compliance category 1.11% 2.29% 1.30%
Number of salaries quoted 183 311 238
UK median annual salary £80,000 £75,000 £70,000
Median salary % change year-on-year +6.67% +7.14% -
10th Percentile £47,500 £52,500 £52,500
90th Percentile £120,000 £100,000 £105,000
UK excluding London median annual salary £55,000 £60,000 £65,000
% change year-on-year -8.33% -7.69% +23.81%

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 23,248 21,647 26,627
As % of all permanent IT jobs advertised in the UK 13.42% 12.19% 13.16%
Number of salaries quoted 17,673 16,335 21,109
UK median annual salary £50,000 £47,500 £47,500
Median salary % change year-on-year +5.26% - +5.56%
10th Percentile £28,500 £26,750 £26,250
90th Percentile £80,000 £77,500 £77,500
UK excluding London median annual salary £45,000 £42,000 £42,500
% change year-on-year +7.14% -1.18% +6.25%

MiFID
Job Vacancy Trend

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

Job vacancy trend for MiFID in the UK

MiFID
Salary Trend

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

Salary trend for MiFID in the UK

MiFID
Salary Histogram

The salary distribution of IT jobs citing MiFID over the 6 months to 23 July 2018.

Salary histogram for MiFID in the UK

MiFID
Top 10 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 23 July 2018. 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 -168 249 £80,000 +6.67% 20
London -160 240 £80,000 +6.67% 20
UK excluding London -12 18 £55,000 -8.33%
Scotland -30 9 £55,000 -8.33%
North of England +16 5 £53,125 -
North West +5 5 £53,125 -
South West -6 3 £75,000 -
West Midlands +24 1 - -
Midlands +12 1 - -
East of England - 1 - -

For the 6 months to 23 July 2018, 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.

1 184 (71.04%) Finance
2 107 (41.31%) Banking
3 74 (28.57%) Investment Banking
4 73 (28.19%) Equities
5 70 (27.03%) Problem-Solving
6 68 (26.25%) Fixed Income
6 68 (26.25%) Front Office
7 65 (25.10%) Derivative
8 63 (24.32%) EMIR
9 59 (22.78%) Degree
10 57 (22.01%) Java
11 55 (21.24%) SQL
11 55 (21.24%) Back Office
12 52 (20.08%) C#
13 47 (18.15%) Foreign Exchange (FX)
13 47 (18.15%) Investment Management
14 46 (17.76%) Agile Software Development
15 44 (16.99%) Analytical Skills
16 40 (15.44%) Risk Management
17 36 (13.90%) Business Analysis
18 35 (13.51%) FIX Protocol
19 33 (12.74%) Dodd-Frank
19 33 (12.74%) Asset Management
19 33 (12.74%) GAP Analysis
20 32 (12.36%) Fintech
21 31 (11.97%) .NET
22 29 (11.20%) C++
23 28 (10.81%) GDPR
24 27 (10.42%) SDLC
25 26 (10.04%) OO

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 14 (5.41%) Apache Spark
2 6 (2.32%) IIS
3 3 (1.16%) SAS
4 2 (0.77%) Apache
5 1 (0.39%) WebSphere
Applications
1 18 (6.95%) Microsoft Excel
2 4 (1.54%) Microsoft PowerPoint
3 3 (1.16%) MS Visio
4 1 (0.39%) Microsoft Office
Business Applications
1 6 (2.32%) thinkFolio
2 2 (0.77%) Bloomberg AIM
2 2 (0.77%) LatentZero
2 2 (0.77%) Markit EDM
2 2 (0.77%) Misys Midas
2 2 (0.77%) SunGard GMI
3 1 (0.39%) FINCAD Analytics
Cloud Services
1 9 (3.47%) Amazon AWS
2 6 (2.32%) SaaS
3 5 (1.93%) Microsoft Azure
4 3 (1.16%) Google Cloud Platform
4 3 (1.16%) Slack
5 1 (0.39%) Cortana Intelligence Suite
5 1 (0.39%) IaaS
5 1 (0.39%) PaaS
Communications & Networking
1 7 (2.70%) Firewall
1 7 (2.70%) Internet
2 4 (1.54%) TCP/IP
3 2 (0.77%) HTTP
3 2 (0.77%) Network Security
4 1 (0.39%) FIX Connectivity
4 1 (0.39%) FTP
Database & Business Intelligence
1 24 (9.27%) Big Data
2 23 (8.88%) SQL Server
3 16 (6.18%) SQL Server Reporting Services
4 14 (5.41%) Hadoop
5 12 (4.63%) HBase
6 11 (4.25%) MongoDB
7 10 (3.86%) SQL Server Integration Services
8 9 (3.47%) Blockchain
9 8 (3.09%) Data Warehouse
10 7 (2.70%) Relational Database
11 4 (1.54%) SQL Server 2012
11 4 (1.54%) SQL Server 2014
12 3 (1.16%) Apache Hive
12 3 (1.16%) NoSQL
12 3 (1.16%) Power BI
12 3 (1.16%) QlikView
12 3 (1.16%) SQL Server Analysis Services
12 3 (1.16%) Star Schema
13 2 (0.77%) DB2
13 2 (0.77%) Flink
Development Applications
1 11 (4.25%) TeamCity
2 6 (2.32%) Jenkins
2 6 (2.32%) Selenium
3 5 (1.93%) Git (software)
3 5 (1.93%) Maven
3 5 (1.93%) Octopus Deploy
4 4 (1.54%) JIRA
5 3 (1.16%) Hudson
5 3 (1.16%) Sonatype Nexus
5 3 (1.16%) Subversion
6 2 (0.77%) Ant
6 2 (0.77%) Gradle
7 1 (0.39%) CppUnit
7 1 (0.39%) Cucumber
7 1 (0.39%) JUnit
7 1 (0.39%) SpecFlow
7 1 (0.39%) Team Foundation Server
7 1 (0.39%) Visual Studio
General
1 184 (71.04%) Finance
2 107 (41.31%) Banking
3 74 (28.57%) Investment Banking
4 68 (26.25%) Front Office
5 55 (21.24%) Back Office
6 18 (6.95%) Financial Institution
7 17 (6.56%) Legal
8 16 (6.18%) Advertising
9 6 (2.32%) Publishing
10 4 (1.54%) Private Banking
11 3 (1.16%) Retail Banking
12 2 (0.77%) Billing
12 2 (0.77%) German Language
12 2 (0.77%) Italian Language
12 2 (0.77%) Portuguese Language
12 2 (0.77%) Retail
12 2 (0.77%) Spanish Language
13 1 (0.39%) Romanian Language
Job Titles
1 113 (43.63%) Analyst
2 76 (29.34%) Business Analyst
3 61 (23.55%) Developer
4 32 (12.36%) Banking Analyst
5 27 (10.42%) Investment Banking Business Analyst
6 21 (8.11%) Project Manager
7 15 (5.79%) Java Developer
8 13 (5.02%) C# Developer
8 13 (5.02%) Data Analyst
8 13 (5.02%) Report Analyst
8 13 (5.02%) Technical Leader
9 11 (4.25%) Scala Developer
10 9 (3.47%) Fixed Income Business Analyst
10 9 (3.47%) Qualitative Analyst
10 9 (3.47%) Quantitative Analyst
10 9 (3.47%) Regulatory Business Analyst
10 9 (3.47%) Report Developer
10 9 (3.47%) SQL Developer
10 9 (3.47%) Team Leader
11 8 (3.09%) FIX Business Analyst
Libraries, Frameworks & Software Standards
1 35 (13.51%) FIX Protocol
2 31 (11.97%) .NET
3 15 (5.79%) AngularJS
4 14 (5.41%) Kafka
5 13 (5.02%) .NET Framework
6 11 (4.25%) HTML
6 11 (4.25%) HTML5
7 10 (3.86%) JSON
8 8 (3.09%) WCF
8 8 (3.09%) Web Services
8 8 (3.09%) XML
9 7 (2.70%) Akka.NET
9 7 (2.70%) Flash
9 7 (2.70%) Spring
10 6 (2.32%) Akka
10 6 (2.32%) Elastic Stack
10 6 (2.32%) Entity Framework
10 6 (2.32%) React
11 5 (1.93%) jQuery
11 5 (1.93%) KnockoutJS
Miscellaneous
1 73 (28.19%) Equities
2 68 (26.25%) Fixed Income
3 65 (25.10%) Derivative
4 47 (18.15%) Foreign Exchange (FX)
5 44 (16.99%) Analytical Skills
6 32 (12.36%) Fintech
7 26 (10.04%) Virtual Team
8 24 (9.27%) Market Risk
9 20 (7.72%) Hedge funds
10 18 (6.95%) Computer Science
10 18 (6.95%) Management Information System
11 13 (5.02%) Cyberthreat
12 12 (4.63%) Credit Risk
12 12 (4.63%) Greenfield Project
12 12 (4.63%) OTC Derivatives
13 9 (3.47%) Exotic Derivative
14 5 (1.93%) Reference Data
15 4 (1.54%) Algorithms
15 4 (1.54%) Equity Derivative
16 3 (1.16%) PMI
Operating Systems
1 16 (6.18%) Linux
2 13 (5.02%) Windows
3 9 (3.47%) Unix
Processes & Methodologies
1 70 (27.03%) Problem-Solving
2 47 (18.15%) Investment Management
3 46 (17.76%) Agile Software Development
4 40 (15.44%) Risk Management
5 36 (13.90%) Business Analysis
6 33 (12.74%) Asset Management
6 33 (12.74%) GAP Analysis
7 27 (10.42%) SDLC
8 26 (10.04%) OO
8 26 (10.04%) Stakeholder Management
9 25 (9.65%) Analytics
10 24 (9.27%) Low Latency
11 23 (8.88%) Mathematics
12 22 (8.49%) Project Management
13 18 (6.95%) Wealth Management
14 17 (6.56%) Data Analytics
14 17 (6.56%) Validation
15 15 (5.79%) Electronic Trading
16 13 (5.02%) Information Security
16 13 (5.02%) Innovative Thinking
Programming Languages
1 57 (22.01%) Java
2 55 (21.24%) SQL
3 52 (20.08%) C#
4 29 (11.20%) C++
5 20 (7.72%) Python
6 18 (6.95%) JavaScript
7 14 (5.41%) R
8 12 (4.63%) Scala
8 12 (4.63%) VBA
9 11 (4.25%) MATLAB
9 11 (4.25%) PL/SQL
10 10 (3.86%) T-SQL
11 9 (3.47%) Ruby
12 7 (2.70%) Java 8
13 6 (2.32%) Perl
13 6 (2.32%) Shell Script
14 4 (1.54%) PowerShell
15 3 (1.16%) C
15 3 (1.16%) Groovy
15 3 (1.16%) VB.NET
Qualifications
1 59 (22.78%) Degree
2 23 (8.88%) Master's Degree
3 16 (6.18%) Computer Science Degree
4 13 (5.02%) CISSP
5 12 (4.63%) PhD
6 10 (3.86%) CISM
7 9 (3.47%) PMI Certification
7 9 (3.47%) PMP
8 5 (1.93%) CFA
9 4 (1.54%) CISA
10 3 (1.16%) (ISC)2 CCSP
10 3 (1.16%) CCSP
10 3 (1.16%) Cisco Certification
10 3 (1.16%) CompTIA Security+
11 2 (0.77%) CIMA
12 1 (0.39%) CRISC
12 1 (0.39%) ISEB
12 1 (0.39%) ISTQB Foundation Certification
12 1 (0.39%) Security Cleared
Quality Assurance & Compliance
1 63 (24.32%) EMIR
2 33 (12.74%) Dodd-Frank
3 28 (10.81%) GDPR
4 10 (3.86%) FATCA
5 7 (2.70%) QA
6 6 (2.32%) AIFMD
6 6 (2.32%) ISO/IEC 27001
6 6 (2.32%) Solvency II
7 5 (1.93%) Data Quality
8 3 (1.16%) FINREP
8 3 (1.16%) SLA
9 2 (0.77%) IFRS
9 2 (0.77%) IFRS 9
System Software
1 4 (1.54%) Snort
2 2 (0.77%) Apache ZooKeeper
2 2 (0.77%) Docker
2 2 (0.77%) LXC
3 1 (0.39%) Active Directory
Systems Management
1 4 (1.54%) OSSEC
2 2 (0.77%) Ansible
Vendors
1 23 (8.88%) Microsoft
2 19 (7.34%) Oracle
3 18 (6.95%) Bloomberg
4 11 (4.25%) Hortonworks
5 7 (2.70%) Salesforce.com
5 7 (2.70%) Sybase
6 6 (2.32%) Charles River
6 6 (2.32%) Fidessa
7 5 (1.93%) FIS
7 5 (1.93%) Google
7 5 (1.93%) Tableau
8 4 (1.54%) Cognizant
8 4 (1.54%) ION Trading
8 4 (1.54%) SmartStream
9 3 (1.16%) Cisco
10 2 (0.77%) Atlassian
10 2 (0.77%) CQG
10 2 (0.77%) Perforce
10 2 (0.77%) Reuters
10 2 (0.77%) SunGard