Period
to 25 September 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 25 September 2021 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
UK
6 months to
25 Sep 2021
Same period 2020 Same period 2019
Rank 924 634 1006
Rank change year-on-year -290 +372 -49
Permanent jobs citing MiFID 104 55 93
As % of all permanent jobs advertised in the UK 0.085% 0.11% 0.066%
As % of the Quality Assurance & Compliance category 0.57% 0.89% 0.47%
Number of salaries quoted 56 45 81
10th Percentile £53,750 £37,500 £57,500
25th Percentile £58,750 £57,500 £60,000
Median annual salary (50th Percentile) £75,000 £72,500 £75,000
Median % change year-on-year +3.45% -3.33% -6.25%
75th Percentile £88,750 £82,500 £91,250
90th Percentile £105,000 £96,500 £105,000
UK excluding London median annual salary £50,000 £72,500 £85,000
% change year-on-year -31.03% -14.71% +61.90%

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 18,367 6,154 19,627
As % of all permanent IT jobs advertised in the UK 15.04% 12.59% 13.94%
Number of salaries quoted 11,222 4,836 14,626
10th Percentile £31,250 £31,250 £28,044
25th Percentile £40,500 £41,250 £37,000
Median annual salary (50th Percentile) £53,500 £55,000 £50,000
Median % change year-on-year -2.73% +10.00% -
75th Percentile £71,250 £70,000 £67,500
90th Percentile £87,500 £86,250 £82,500
UK excluding London median annual salary £47,500 £49,000 £45,000
% change year-on-year -3.06% +8.89% -

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 25 September 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 25 September 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 -248 103 £75,000 +3.45% 7
London -177 100 £75,000 +3.45% 7
Work from Home -282 8 £62,500 +4.17%
UK excluding London -240 2 £50,000 -31.03%
Scotland - 1 £57,500 -
South West - 1 £42,500 -

For the 6 months to 25 September 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 89 (85.58%) Finance
2 51 (49.04%) EMIR
3 44 (42.31%) Derivative
4 41 (39.42%) Unix
5 39 (37.50%) Banking
6 34 (32.69%) QA
7 30 (28.85%) Java
8 28 (26.92%) Equities
9 27 (25.96%) TDD
9 27 (25.96%) Spring
9 27 (25.96%) Investment Banking
9 27 (25.96%) Windows
9 27 (25.96%) Python
9 27 (25.96%) Regression Testing
9 27 (25.96%) Relational Database
9 27 (25.96%) Jenkins
10 26 (25.00%) Scrum
11 25 (24.04%) Data Management
11 25 (24.04%) PostgreSQL
11 25 (24.04%) Sybase
11 25 (24.04%) DB2
11 25 (24.04%) Eclipse
11 25 (24.04%) IntelliJ
11 25 (24.04%) RDBMS
11 25 (24.04%) Dependency Management
11 25 (24.04%) Build Automation
11 25 (24.04%) Git (software)
11 25 (24.04%) Reverse Engineering
11 25 (24.04%) Inversion of Control
11 25 (24.04%) Functional Programming

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 (1.92%) Apache Spark
1 2 (1.92%) Elasticsearch
2 1 (0.96%) Confluence
Applications
1 8 (7.69%) Microsoft Excel
2 6 (5.77%) Microsoft PowerPoint
3 4 (3.85%) Microsoft Office
4 2 (1.92%) Microsoft Project
4 2 (1.92%) MS Visio
Business Applications
1 3 (2.88%) FINCAD Analytics
2 1 (0.96%) Kondor
2 1 (0.96%) thinkFolio
Cloud Services
1 3 (2.88%) AWS
2 2 (1.92%) Amazon EMR
2 2 (1.92%) Amazon S3
2 2 (1.92%) AWS Data Pipeline
2 2 (1.92%) AWS Lambda
3 1 (0.96%) Azure
3 1 (0.96%) Microsoft 365
3 1 (0.96%) Slack
Communications & Networking
1 1 (0.96%) TCP/IP
1 1 (0.96%) WebEx
Database & Business Intelligence
1 27 (25.96%) Relational Database
2 25 (24.04%) DB2
2 25 (24.04%) PostgreSQL
2 25 (24.04%) RDBMS
3 2 (1.92%) Amazon DynamoDB
3 2 (1.92%) Amazon Redshift
3 2 (1.92%) Apache Cassandra
3 2 (1.92%) Apache Hive
3 2 (1.92%) Apache Zeppelin
3 2 (1.92%) Big Data
3 2 (1.92%) DataStax
3 2 (1.92%) NoSQL
3 2 (1.92%) Spark SQL
4 1 (0.96%) Blockchain
Development Applications
1 27 (25.96%) Jenkins
2 25 (24.04%) Bitbucket Server
2 25 (24.04%) Eclipse
2 25 (24.04%) Git (software)
2 25 (24.04%) Gradle
2 25 (24.04%) IntelliJ
3 2 (1.92%) Maven
4 1 (0.96%) JIRA
General
1 89 (85.58%) Finance
2 39 (37.50%) Banking
3 27 (25.96%) Investment Banking
4 17 (16.35%) Front Office
5 15 (14.42%) Social Skills
6 12 (11.54%) Advertising
7 8 (7.69%) Analytical Skills
8 4 (3.85%) Financial Institution
9 3 (2.88%) Marketing
10 2 (1.92%) Back Office
11 1 (0.96%) Influencing Skills
11 1 (0.96%) Local Government
11 1 (0.96%) Organisational Skills
Job Titles
1 39 (37.50%) Developer
2 34 (32.69%) Analyst
3 27 (25.96%) Java Developer
4 25 (24.04%) Business Analyst
5 17 (16.35%) Applications Support
6 14 (13.46%) Unix Support
7 13 (12.50%) Senior Analyst
8 11 (10.58%) Regulatory Business Analyst
9 10 (9.62%) Quantitative Developer
10 9 (8.65%) C# Developer
10 9 (8.65%) C# Quant Developer
10 9 (8.65%) Senior Business Analyst
11 8 (7.69%) IT Analyst
11 8 (7.69%) Lead Developer
11 8 (7.69%) Lead Java Developer
12 7 (6.73%) Business IT Analyst
12 7 (6.73%) IT Business Analyst
13 5 (4.81%) Data Analyst
13 5 (4.81%) Investment Banking Business Analyst
13 5 (4.81%) MiFID Business Analyst
Libraries, Frameworks & Software Standards
1 27 (25.96%) Spring
2 24 (23.08%) Spring Boot
3 21 (20.19%) FIX Protocol
4 5 (4.81%) XML
5 3 (2.88%) FpML
6 2 (1.92%) Elastic Stack
6 2 (1.92%) Kafka
6 2 (1.92%) Middleware
6 2 (1.92%) Rendezvous
6 2 (1.92%) Swing
6 2 (1.92%) TIBCO EMS
Miscellaneous
1 44 (42.31%) Derivative
2 28 (26.92%) Equities
3 14 (13.46%) Foreign Exchange (FX)
4 10 (9.62%) Exotic Derivative
4 10 (9.62%) Market Risk
5 6 (5.77%) Credit Risk
5 6 (5.77%) Fixed Income
6 5 (4.81%) Self-Motivation
7 3 (2.88%) Data Protection Act
8 2 (1.92%) Algorithms
8 2 (1.92%) Reference Data
9 1 (0.96%) Analytical Mindset
9 1 (0.96%) Hedge funds
Operating Systems
1 41 (39.42%) Unix
2 27 (25.96%) Windows
3 5 (4.81%) Linux
4 2 (1.92%) Windows 10
4 2 (1.92%) Windows 7
Processes & Methodologies
1 27 (25.96%) Regression Testing
1 27 (25.96%) TDD
2 26 (25.00%) Scrum
3 25 (24.04%) Build Automation
3 25 (24.04%) Data Management
3 25 (24.04%) Dependency Management
3 25 (24.04%) Functional Programming
3 25 (24.04%) Inversion of Control
3 25 (24.04%) Reverse Engineering
4 17 (16.35%) Critical Thinking
5 16 (15.38%) Agile Software Development
6 15 (14.42%) Business Analysis
7 14 (13.46%) Collaborative Working
7 14 (13.46%) Creative Thinking
8 13 (12.50%) Risk Management
9 11 (10.58%) User Acceptance Testing
9 11 (10.58%) Validation
10 10 (9.62%) Financial Modelling
10 10 (9.62%) Machine Learning
10 10 (9.62%) Stochastic Calculus
Programming Languages
1 30 (28.85%) Java
2 27 (25.96%) Python
3 15 (14.42%) Bash Shell
4 14 (13.46%) Perl
5 11 (10.58%) C#
5 11 (10.58%) SQL
6 3 (2.88%) VBA
7 2 (1.92%) Scala
8 1 (0.96%) PL/SQL
8 1 (0.96%) PowerShell
Qualifications
1 13 (12.50%) Degree
2 9 (8.65%) Master's Degree
2 9 (8.65%) PhD
3 3 (2.88%) PMP
4 1 (0.96%) CISA
4 1 (0.96%) CISSP
4 1 (0.96%) PMI Certification
Quality Assurance & Compliance
1 51 (49.04%) EMIR
2 34 (32.69%) QA
3 12 (11.54%) Dodd-Frank
4 6 (5.77%) Data Quality
4 6 (5.77%) IFRS
5 5 (4.81%) Solvency II
6 4 (3.85%) GDPR
7 3 (2.88%) AIFMD
8 1 (0.96%) Basel III
8 1 (0.96%) FATCA
System Software
1 2 (1.92%) Apache ZooKeeper
1 2 (1.92%) Docker
1 2 (1.92%) Virtual Machines
Systems Management
1 2 (1.92%) Ambari
1 2 (1.92%) Ansible
1 2 (1.92%) Hadoop YARN
1 2 (1.92%) Kibana
1 2 (1.92%) logstash
Vendors
1 25 (24.04%) Sybase
2 4 (3.85%) Microsoft
2 4 (3.85%) TIBCO
2 4 (3.85%) Tradeweb
3 2 (1.92%) Bloomberg
3 2 (1.92%) FXall
3 2 (1.92%) Hortonworks
3 2 (1.92%) MarketAxess
3 2 (1.92%) Refinitiv
3 2 (1.92%) Solace
4 1 (0.96%) Atlassian
4 1 (0.96%) Charles River
4 1 (0.96%) Murex