Period
to 17 April 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 17 April 2021 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
UK
6 months to
17 Apr 2021
Same period 2020 Same period 2019
Rank 759 890 895
Rank change year-on-year +131 +5 +34
Permanent jobs citing MiFID 104 72 217
As % of all permanent jobs advertised in the UK 0.12% 0.065% 0.15%
As % of the Quality Assurance & Compliance category 1.00% 0.52% 1.03%
Number of salaries quoted 76 57 132
10th Percentile £56,875 £56,500 £56,250
25th Percentile £60,000 £66,250 £58,750
Median annual salary (50th Percentile) £75,000 £75,000 £75,000
75th Percentile £88,125 £95,000 £92,500
90th Percentile £105,000 £107,500 £95,000
UK excluding London median annual salary - £68,750 -

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 10,352 13,747 20,983
As % of all permanent IT jobs advertised in the UK 12.30% 12.37% 14.11%
Number of salaries quoted 7,238 10,679 15,425
10th Percentile £31,250 £28,750 £27,625
25th Percentile £40,807 £37,500 £37,000
Median annual salary (50th Percentile) £52,500 £52,500 £50,000
Median % change year-on-year - +5.00% -
75th Percentile £70,000 £70,000 £67,500
90th Percentile £85,000 £85,000 £82,500
UK excluding London median annual salary £47,500 £45,000 £45,000
% change year-on-year +5.56% - -

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 17 April 2021.

Salary histogram for MiFID in the UK

MiFID
Top 3 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 17 April 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 +171 104 £75,000 - 4
London +155 102 £72,500 -3.33% 4
Work from Home -127 10 £90,000 +50.00%

For the 6 months to 17 April 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 65 (62.50%) Finance
2 56 (53.85%) EMIR
3 48 (46.15%) Banking
4 39 (37.50%) Agile Software Development
5 38 (36.54%) Dodd-Frank
6 32 (30.77%) Stakeholder Management
7 30 (28.85%) Front Office
7 30 (28.85%) Equities
8 27 (25.96%) Investment Banking
9 25 (24.04%) Waterfall
10 24 (23.08%) Machine Learning
10 24 (23.08%) Artificial Intelligence
11 21 (20.19%) Derivative
11 21 (20.19%) DevOps
11 21 (20.19%) Python
12 19 (18.27%) User Acceptance Testing
13 18 (17.31%) Foreign Exchange (FX)
13 18 (17.31%) Java
14 17 (16.35%) Unix
14 17 (16.35%) Murex
14 17 (16.35%) Legal
14 17 (16.35%) Degree
15 16 (15.38%) Scrum
16 15 (14.42%) Data Analysis
17 14 (13.46%) TOGAF
17 14 (13.46%) Business Analysis
18 13 (12.50%) Digital Transformation Programme
18 13 (12.50%) Loan IQ
18 13 (12.50%) Analytics
19 12 (11.54%) QA

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
1 2 (1.92%) Confluence
Applications
1 3 (2.88%) Microsoft Office
2 2 (1.92%) Microsoft Excel
2 2 (1.92%) Microsoft PowerPoint
2 2 (1.92%) Microsoft Project
2 2 (1.92%) MS Visio
Business Applications
1 13 (12.50%) Loan IQ
2 9 (8.65%) FINCAD Analytics
3 3 (2.88%) Markit EDM
3 3 (2.88%) PolarLake
4 1 (0.96%) Actimize
4 1 (0.96%) thinkFolio
Cloud Services
1 5 (4.81%) AWS
1 5 (4.81%) Azure
2 2 (1.92%) SaaS
3 1 (0.96%) Slack
Communications & Networking
1 1 (0.96%) WebEx
Database & Business Intelligence
1 2 (1.92%) Apache Ignite
1 2 (1.92%) Big Data
1 2 (1.92%) DB2
1 2 (1.92%) Hazelcast
1 2 (1.92%) KDB
1 2 (1.92%) Kdb+
1 2 (1.92%) PostgreSQL
1 2 (1.92%) RDBMS
1 2 (1.92%) Relational Database
2 1 (0.96%) Blockchain
2 1 (0.96%) BusinessObjects
2 1 (0.96%) BusinessObjects Business Intelligence
2 1 (0.96%) Spark SQL
Development Applications
1 4 (3.85%) JIRA
2 3 (2.88%) JBehave
2 3 (2.88%) Selenium
3 2 (1.92%) Bitbucket Server
3 2 (1.92%) Eclipse
3 2 (1.92%) Git (software)
3 2 (1.92%) Gradle
3 2 (1.92%) IntelliJ
3 2 (1.92%) Jenkins
General
1 65 (62.50%) Finance
2 48 (46.15%) Banking
3 30 (28.85%) Front Office
4 27 (25.96%) Investment Banking
5 17 (16.35%) Legal
6 12 (11.54%) Advertising
6 12 (11.54%) Back Office
7 7 (6.73%) Financial Institution
8 1 (0.96%) French Language
8 1 (0.96%) Marketing
8 1 (0.96%) Publishing
8 1 (0.96%) Telecoms
Job Titles
1 45 (43.27%) Analyst
2 30 (28.85%) Business Analyst
3 15 (14.42%) Developer
4 14 (13.46%) Architect
4 14 (13.46%) Solutions Architect
4 14 (13.46%) TOGAF Architect
5 13 (12.50%) MiFID Architect
5 13 (12.50%) Regulatory Business Analyst
5 13 (12.50%) Senior Analyst
6 12 (11.54%) Applications Support
7 11 (10.58%) Project Manager
8 9 (8.65%) Quantitative Developer
8 9 (8.65%) Unix Support
9 8 (7.69%) Report Analyst
9 8 (7.69%) Senior Business Analyst
10 7 (6.73%) Applications Support Analyst
10 7 (6.73%) Support Analyst
11 6 (5.77%) Analyst Developer
11 6 (5.77%) Investment Banking Business Analyst
11 6 (5.77%) Quantitative Analyst
Libraries, Frameworks & Software Standards
1 11 (10.58%) FIX Protocol
2 5 (4.81%) .NET
3 4 (3.85%) Spring
4 2 (1.92%) Spring Boot
4 2 (1.92%) XML
5 1 (0.96%) SAP Basis
Miscellaneous
1 30 (28.85%) Equities
2 21 (20.19%) Derivative
3 18 (17.31%) Foreign Exchange (FX)
4 12 (11.54%) Market Risk
5 9 (8.65%) Exotic Derivative
6 8 (7.69%) Analytical Skills
7 6 (5.77%) Credit Risk
7 6 (5.77%) Management Information System
8 4 (3.85%) OTC Derivatives
8 4 (3.85%) Reference Data
9 3 (2.88%) Fixed Income
10 2 (1.92%) Equity Derivative
10 2 (1.92%) Taxonomies
10 2 (1.92%) User Experience
11 1 (0.96%) PMI
Operating Systems
1 17 (16.35%) Unix
2 9 (8.65%) Windows
3 5 (4.81%) CoreOS
3 5 (4.81%) Linux
3 5 (4.81%) zOS
4 2 (1.92%) Windows 10
4 2 (1.92%) Windows 7
Processes & Methodologies
1 39 (37.50%) Agile Software Development
2 32 (30.77%) Stakeholder Management
3 25 (24.04%) Waterfall
4 24 (23.08%) Artificial Intelligence
4 24 (23.08%) Machine Learning
5 21 (20.19%) DevOps
6 19 (18.27%) User Acceptance Testing
7 16 (15.38%) Scrum
8 15 (14.42%) Data Analysis
9 14 (13.46%) Business Analysis
9 14 (13.46%) TOGAF
10 13 (12.50%) Analytics
10 13 (12.50%) Digital Transformation Programme
11 12 (11.54%) Project Management
11 12 (11.54%) Validation
12 11 (10.58%) Requirements Gathering
12 11 (10.58%) Risk Management
13 9 (8.65%) Change Management
13 9 (8.65%) Model Validation
13 9 (8.65%) Software Testing
Programming Languages
1 21 (20.19%) Python
2 18 (17.31%) Java
3 10 (9.62%) Bash Shell
4 9 (8.65%) C#
4 9 (8.65%) Perl
5 7 (6.73%) SQL
6 4 (3.85%) C++
7 2 (1.92%) Julia
8 1 (0.96%) C
8 1 (0.96%) PL/SQL
Qualifications
1 17 (16.35%) Degree
2 9 (8.65%) Master's Degree
2 9 (8.65%) PhD
3 5 (4.81%) PMP
4 4 (3.85%) PMI Certification
5 1 (0.96%) CBAP
5 1 (0.96%) CISA
5 1 (0.96%) CISSP
5 1 (0.96%) Computer Science Degree
Quality Assurance & Compliance
1 56 (53.85%) EMIR
2 38 (36.54%) Dodd-Frank
3 12 (11.54%) QA
4 7 (6.73%) GDPR
5 6 (5.77%) IFRS
6 5 (4.81%) Solvency II
7 1 (0.96%) AIFMD
7 1 (0.96%) UCITS
System Software
1 5 (4.81%) Docker
Systems Management
1 5 (4.81%) Ansible
1 5 (4.81%) Kubernetes
1 5 (4.81%) Opscode Chef
1 5 (4.81%) Puppet
1 5 (4.81%) Terraform
Vendors
1 17 (16.35%) Murex
2 5 (4.81%) Google
2 5 (4.81%) Refinitiv
3 4 (3.85%) Bloomberg
3 4 (3.85%) Calypso
3 4 (3.85%) Charles River
4 3 (2.88%) FactSet
4 3 (2.88%) Fidessa
4 3 (2.88%) Informatica
4 3 (2.88%) Reuters
4 3 (2.88%) SmartCo
4 3 (2.88%) SmartStream
5 2 (1.92%) MarketAxess
5 2 (1.92%) Sybase
5 2 (1.92%) Tradeweb
6 1 (0.96%) Apple
6 1 (0.96%) SAP
6 1 (0.96%) SimCorp
6 1 (0.96%) StatPro
6 1 (0.96%) Vermilion