Period
to 22 October 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 22 October 2020 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
UK
6 months to
22 Oct 2020
Same period 2019 Same period 2018
Rank 623 971 966
Rank change year-on-year +348 -5 -136
Permanent jobs citing MiFID 65 93 216
As % of all permanent jobs advertised in the UK 0.13% 0.068% 0.13%
As % of the Quality Assurance & Compliance category 1.13% 0.51% 0.99%
Number of salaries quoted 54 83 154
Median annual salary £72,500 £77,000 £83,250
Median salary % change year-on-year -5.84% -7.51% +11.00%
10th Percentile £41,250 £57,750 £50,000
90th Percentile £95,000 £107,500 £120,000
UK excluding London median annual salary £72,500 £105,000 £52,500
% change year-on-year -30.95% +100.00% -8.70%

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 5,773 18,069 21,740
As % of all permanent IT jobs advertised in the UK 11.79% 13.21% 13.19%
Number of salaries quoted 4,509 13,523 16,505
Median annual salary £55,000 £50,000 £50,000
Median salary % change year-on-year +10.00% - -
10th Percentile £31,250 £28,250 £28,000
90th Percentile £85,350 £82,500 £80,000
UK excluding London median annual salary £50,000 £45,000 £45,000
% change year-on-year +11.11% - +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 22 October 2020.

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 22 October 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 +350 65 £72,500 -5.84% 6
London +233 62 £72,500 - 5
UK excluding London +323 3 £72,500 -30.95% 1
North of England +175 3 £72,500 +38.10%
Yorkshire +125 2 £72,500 +38.10%
Work from Home - 2 £60,000 -
North East - 1 £75,000 -

For the 6 months to 22 October 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 42 (64.62%) EMIR
2 38 (58.46%) Finance
3 33 (50.77%) Agile Software Development
4 24 (36.92%) Dodd-Frank
5 23 (35.38%) Banking
6 18 (27.69%) Degree
6 18 (27.69%) Waterfall
7 17 (26.15%) Stakeholder Management
8 16 (24.62%) Business Analysis
8 16 (24.62%) Python
9 15 (23.08%) Machine Learning
10 14 (21.54%) Artificial Intelligence
11 13 (20.00%) Risk Management
11 13 (20.00%) Foreign Exchange (FX)
12 12 (18.46%) Equities
12 12 (18.46%) Analytics
12 12 (18.46%) SDLC
12 12 (18.46%) Requirements Gathering
13 11 (16.92%) Investment Banking
13 11 (16.92%) Mathematics
13 11 (16.92%) Physics
13 11 (16.92%) PhD
14 10 (15.38%) C#
14 10 (15.38%) SQL
14 10 (15.38%) Exotic Derivative
14 10 (15.38%) Advertising
14 10 (15.38%) Validation
14 10 (15.38%) DevOps
14 10 (15.38%) Master's Degree
14 10 (15.38%) Market Risk

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 1 (1.54%) Apache
1 1 (1.54%) Apache Spark
1 1 (1.54%) Red Hat Fuse
Applications
1 3 (4.62%) Microsoft Excel
Business Applications
1 8 (12.31%) Loan IQ
2 3 (4.62%) Actimize
2 3 (4.62%) Endur
3 1 (1.54%) FINCAD Analytics
Cloud Services
1 3 (4.62%) AWS
2 2 (3.08%) Azure
Communications & Networking
1 2 (3.08%) CHAP
Database & Business Intelligence
1 6 (9.23%) SQL Server
2 3 (4.62%) SQL Server Analysis Services
2 3 (4.62%) SQL Server Integration Services
2 3 (4.62%) SQL Server Reporting Services
2 3 (4.62%) Tableau
3 2 (3.08%) MongoDB
4 1 (1.54%) Big Data
4 1 (1.54%) Blockchain
4 1 (1.54%) Data Lake
4 1 (1.54%) Data Warehouse
4 1 (1.54%) MS Access
4 1 (1.54%) MySQL
4 1 (1.54%) NoSQL
4 1 (1.54%) RDBMS
4 1 (1.54%) Relational Database
Development Applications
1 3 (4.62%) JBehave
1 3 (4.62%) Selenium
2 1 (1.54%) Jenkins
General
1 38 (58.46%) Finance
2 23 (35.38%) Banking
3 11 (16.92%) Investment Banking
4 10 (15.38%) Advertising
5 9 (13.85%) Back Office
6 8 (12.31%) Legal
7 4 (6.15%) Front Office
8 1 (1.54%) Law
Job Titles
1 30 (46.15%) Analyst
2 18 (27.69%) Business Analyst
3 15 (23.08%) Developer
4 11 (16.92%) Architect
5 10 (15.38%) Quantitative Developer
6 9 (13.85%) Analyst Developer
6 9 (13.85%) Qualitative Analyst
6 9 (13.85%) Quantitative Analyst
6 9 (13.85%) Quantitative Analyst Developer
6 9 (13.85%) Solutions Architect
6 9 (13.85%) TOGAF Architect
7 8 (12.31%) Lead Architect
7 8 (12.31%) Lead Solutions Architect
7 8 (12.31%) MiFID Architect
8 6 (9.23%) Senior Developer
8 6 (9.23%) Senior Quantitative Developer
9 5 (7.69%) Business IT Analyst
9 5 (7.69%) Report Analyst
9 5 (7.69%) Senior Analyst
9 5 (7.69%) Senior Quantitative Analyst
Libraries, Frameworks & Software Standards
1 7 (10.77%) HTML
2 6 (9.23%) .NET
3 4 (6.15%) CSS
3 4 (6.15%) RabbitMQ
4 3 (4.62%) .NET Core
4 3 (4.62%) Bokeh
4 3 (4.62%) D3.js
4 3 (4.62%) FIX Protocol
4 3 (4.62%) REST
5 2 (3.08%) AngularJS
5 2 (3.08%) ASP.NET
5 2 (3.08%) ASP.NET MVC
5 2 (3.08%) Spring
5 2 (3.08%) WCF
5 2 (3.08%) Web Services
5 2 (3.08%) WinForms
6 1 (1.54%) Apache Camel
6 1 (1.54%) Flask
6 1 (1.54%) React
6 1 (1.54%) Swagger
Miscellaneous
1 13 (20.00%) Foreign Exchange (FX)
2 12 (18.46%) Equities
3 10 (15.38%) Exotic Derivative
3 10 (15.38%) Market Risk
4 7 (10.77%) Analytical Skills
5 3 (4.62%) Algorithms
5 3 (4.62%) Data Structures
6 2 (3.08%) Client/Server
6 2 (3.08%) SWIFT
7 1 (1.54%) Analytical Mindset
7 1 (1.54%) Clustering
7 1 (1.54%) Derivative
7 1 (1.54%) Enterprise Software
7 1 (1.54%) Fixed Income
Operating Systems
1 1 (1.54%) CoreOS
1 1 (1.54%) Linux
1 1 (1.54%) Unix
1 1 (1.54%) Windows
1 1 (1.54%) zOS
Processes & Methodologies
1 33 (50.77%) Agile Software Development
2 18 (27.69%) Waterfall
3 17 (26.15%) Stakeholder Management
4 16 (24.62%) Business Analysis
5 15 (23.08%) Machine Learning
6 14 (21.54%) Artificial Intelligence
7 13 (20.00%) Risk Management
8 12 (18.46%) Analytics
8 12 (18.46%) Requirements Gathering
8 12 (18.46%) SDLC
9 11 (16.92%) Mathematics
9 11 (16.92%) Physics
10 10 (15.38%) DevOps
10 10 (15.38%) Stochastic Calculus
10 10 (15.38%) Validation
11 9 (13.85%) Financial Modelling
11 9 (13.85%) TOGAF
12 8 (12.31%) Digital Transformation Programme
13 7 (10.77%) Computer Science
13 7 (10.77%) Migration
Programming Languages
1 16 (24.62%) Python
2 10 (15.38%) C#
2 10 (15.38%) SQL
3 7 (10.77%) Java
4 6 (9.23%) C++
4 6 (9.23%) JavaScript
4 6 (9.23%) R
5 3 (4.62%) PL/SQL
5 3 (4.62%) T-SQL
6 2 (3.08%) Java 8
6 2 (3.08%) MATLAB
7 1 (1.54%) C
7 1 (1.54%) Julia
7 1 (1.54%) Scala
Qualifications
1 18 (27.69%) Degree
2 11 (16.92%) PhD
3 10 (15.38%) Master's Degree
4 3 (4.62%) CBAP
4 3 (4.62%) Computer Science Degree
4 3 (4.62%) IIBA
4 3 (4.62%) ISEB
Quality Assurance & Compliance
1 42 (64.62%) EMIR
2 24 (36.92%) Dodd-Frank
3 4 (6.15%) QA
4 3 (4.62%) GDPR
5 2 (3.08%) Basel III
5 2 (3.08%) ISO 20022
5 2 (3.08%) ISO/IEC 27001
5 2 (3.08%) Sarbanes-Oxley
5 2 (3.08%) SEPA
System Software
1 2 (3.08%) Docker
Systems Management
1 1 (1.54%) Ansible
1 1 (1.54%) Kubernetes
1 1 (1.54%) Opscode Chef
1 1 (1.54%) Puppet
1 1 (1.54%) Terraform
Vendors
1 8 (12.31%) Murex
2 5 (7.69%) Bloomberg
2 5 (7.69%) Oracle
3 3 (4.62%) Microsoft
4 2 (3.08%) Refinitiv
4 2 (3.08%) Trayport
5 1 (1.54%) Databricks
5 1 (1.54%) Foundry
5 1 (1.54%) FXall
5 1 (1.54%) Google
5 1 (1.54%) OpenLink
5 1 (1.54%) Tradeweb