Period
to 24 January 2022

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 24 January 2022 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
UK
6 months to
24 Jan 2022
Same period 2021 Same period 2020
Rank 989 696 959
Rank change year-on-year -293 +263 -24
Permanent jobs citing MiFID 84 78 82
As % of all permanent jobs advertised in the UK 0.065% 0.12% 0.065%
As % of the Quality Assurance & Compliance category 0.42% 0.97% 0.49%
Number of salaries quoted 59 66 71
10th Percentile £56,000 £41,250 £57,500
25th Percentile £67,500 £58,750 £66,250
Median annual salary (50th Percentile) £75,000 £70,000 £85,000
Median % change year-on-year +7.14% -17.65% +13.33%
75th Percentile £90,000 £86,250 £106,250
90th Percentile £107,750 £95,000 £107,500
UK excluding London median annual salary £90,000 £72,500 £105,000
% change year-on-year +24.14% -30.95% -

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 20,081 8,027 16,643
As % of all permanent IT jobs advertised in the UK 15.60% 12.74% 13.23%
Number of salaries quoted 12,302 5,993 12,883
10th Percentile £31,000 £31,250 £28,750
25th Percentile £40,750 £41,250 £36,438
Median annual salary (50th Percentile) £55,000 £52,500 £52,500
Median % change year-on-year +4.76% - +5.00%
75th Percentile £72,500 £69,000 £68,750
90th Percentile £90,000 £83,750 £83,750
UK excluding London median annual salary £47,500 £47,500 £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 24 January 2022.

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 24 January 2022. 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
Jobs
England -275 77 £75,000 +7.14% 15
London -226 75 £75,000 +7.14% 15
Work from Home -191 20 £75,000 +25.00% 1
UK excluding London -206 7 £90,000 +24.14%
Scotland - 6 - -
South East - 1 £90,000 -

For the 6 months to 24 January 2022, 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 73 (86.90%) Finance
2 62 (73.81%) EMIR
3 34 (40.48%) Banking
4 28 (33.33%) Agile Software Development
5 23 (27.38%) Investment Banking
6 21 (25.00%) Validation
6 21 (25.00%) Equities
6 21 (25.00%) Java
6 21 (25.00%) QA
7 20 (23.81%) Foreign Exchange (FX)
7 20 (23.81%) Advertising
7 20 (23.81%) Risk Management
7 20 (23.81%) Dodd-Frank
8 19 (22.62%) Model Validation
8 19 (22.62%) Scrum
8 19 (22.62%) Exotic Derivative
8 19 (22.62%) Degree
8 19 (22.62%) Market Risk
8 19 (22.62%) Stochastic Calculus
8 19 (22.62%) Financial Modelling
9 18 (21.43%) Mathematics
9 18 (21.43%) Physics
9 18 (21.43%) Derivative
9 18 (21.43%) PhD
9 18 (21.43%) Master's Degree
10 16 (19.05%) Relational Database
10 16 (19.05%) Jenkins
10 16 (19.05%) Python
10 16 (19.05%) Regression Testing
10 16 (19.05%) TDD

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 3 (3.57%) Confluence
2 1 (1.19%) Apache Spark
2 1 (1.19%) SAS
2 1 (1.19%) SharePoint
Applications
1 4 (4.76%) Microsoft Office
2 3 (3.57%) Microsoft Excel
2 3 (3.57%) Microsoft PowerPoint
3 1 (1.19%) Microsoft Project
3 1 (1.19%) MS Visio
Cloud Services
1 14 (16.67%) AWS
2 8 (9.52%) Serverless
3 3 (3.57%) Slack
4 2 (2.38%) Azure
5 1 (1.19%) Cortana Intelligence Suite
5 1 (1.19%) Power Platform
5 1 (1.19%) Siri
Communications & Networking
1 3 (3.57%) WebEx
2 1 (1.19%) TCP/IP
Database & Business Intelligence
1 16 (19.05%) Relational Database
2 14 (16.67%) DB2
2 14 (16.67%) PostgreSQL
2 14 (16.67%) RDBMS
3 4 (4.76%) MySQL
4 2 (2.38%) Big Data
5 1 (1.19%) Apache Cassandra
5 1 (1.19%) Apache Hive
5 1 (1.19%) Hadoop
5 1 (1.19%) HBase
5 1 (1.19%) MongoDB
5 1 (1.19%) Neo4j
5 1 (1.19%) Power BI
5 1 (1.19%) QlikView
5 1 (1.19%) Tableau
Development Applications
1 16 (19.05%) Jenkins
2 14 (16.67%) Bitbucket Server
2 14 (16.67%) Eclipse
2 14 (16.67%) Git (software)
2 14 (16.67%) Gradle
2 14 (16.67%) IntelliJ
3 4 (4.76%) JIRA
4 2 (2.38%) Maven
General
1 73 (86.90%) Finance
2 34 (40.48%) Banking
3 23 (27.38%) Investment Banking
4 20 (23.81%) Advertising
5 13 (15.48%) Social Skills
6 6 (7.14%) Analytical Skills
7 4 (4.76%) Legal
8 2 (2.38%) Back Office
8 2 (2.38%) Financial Institution
8 2 (2.38%) Organisational Skills
9 1 (1.19%) Documentation Skills
9 1 (1.19%) Front Office
9 1 (1.19%) Inclusion and Diversity
9 1 (1.19%) Presentation Skills
Job Titles
1 34 (40.48%) Developer
2 28 (33.33%) Analyst
3 22 (26.19%) Business Analyst
4 20 (23.81%) Java Developer
5 14 (16.67%) Quantitative Developer
6 9 (10.71%) Regulatory Business Analyst
7 8 (9.52%) AWS DevOps
7 8 (9.52%) Python Developer
8 7 (8.33%) Architect
8 7 (8.33%) AWS Architect
8 7 (8.33%) DevOps Architect
8 7 (8.33%) Report Analyst
8 7 (8.33%) Technical Architect
9 6 (7.14%) Qualitative Analyst
9 6 (7.14%) Quantitative Analyst
10 5 (5.95%) AWS Developer
10 5 (5.95%) C# Developer
10 5 (5.95%) Lead Developer
10 5 (5.95%) Lead Java Developer
10 5 (5.95%) Technical Manager
Libraries, Frameworks & Software Standards
1 16 (19.05%) Spring
2 9 (10.71%) Spring Boot
3 6 (7.14%) FIX Protocol
4 4 (4.76%) XML
5 2 (2.38%) Swing
5 2 (2.38%) TIBCO EMS
6 1 (1.19%) D3.js
Miscellaneous
1 21 (25.00%) Equities
2 20 (23.81%) Foreign Exchange (FX)
3 19 (22.62%) Exotic Derivative
3 19 (22.62%) Market Risk
4 18 (21.43%) Derivative
5 8 (9.52%) Cloud Native
5 8 (9.52%) Credit Risk
6 5 (5.95%) Fixed Income
6 5 (5.95%) Reference Data
7 2 (2.38%) Self-Motivation
7 2 (2.38%) Virtual Team
8 1 (1.19%) Algorithms
8 1 (1.19%) Equity Derivative
8 1 (1.19%) User Experience
Operating Systems
1 15 (17.86%) Unix
2 14 (16.67%) Windows
3 4 (4.76%) Linux
Processes & Methodologies
1 28 (33.33%) Agile Software Development
2 21 (25.00%) Validation
3 20 (23.81%) Risk Management
4 19 (22.62%) Financial Modelling
4 19 (22.62%) Model Validation
4 19 (22.62%) Scrum
4 19 (22.62%) Stochastic Calculus
5 18 (21.43%) Mathematics
5 18 (21.43%) Physics
6 16 (19.05%) Regression Testing
6 16 (19.05%) TDD
7 15 (17.86%) Business Analysis
8 14 (16.67%) Artificial Intelligence
8 14 (16.67%) Build Automation
8 14 (16.67%) Dependency Management
8 14 (16.67%) Functional Programming
8 14 (16.67%) Inversion of Control
8 14 (16.67%) Machine Learning
8 14 (16.67%) Reverse Engineering
9 13 (15.48%) SDLC
Programming Languages
1 21 (25.00%) Java
2 16 (19.05%) Python
3 12 (14.29%) C#
4 10 (11.90%) SQL
5 7 (8.33%) R
6 6 (7.14%) C++
6 6 (7.14%) MATLAB
7 4 (4.76%) Java 8
7 4 (4.76%) Scala
Qualifications
1 19 (22.62%) Degree
2 18 (21.43%) Master's Degree
2 18 (21.43%) PhD
3 1 (1.19%) PMP
Quality Assurance & Compliance
1 62 (73.81%) EMIR
2 21 (25.00%) QA
3 20 (23.81%) Dodd-Frank
4 3 (3.57%) AIFMD
4 3 (3.57%) IFRS
5 2 (2.38%) GDPR
6 1 (1.19%) Data Quality
6 1 (1.19%) FATCA
6 1 (1.19%) Solvency II
System Software
1 2 (2.38%) Virtual Machines
Vendors
1 14 (16.67%) Sybase
2 2 (2.38%) TIBCO
3 1 (1.19%) Apple
3 1 (1.19%) Google
3 1 (1.19%) IBM
3 1 (1.19%) Microsoft