Markets in Financial Instruments Directive (MiFID)
UK

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 30 November 2023 with a comparison to the same period in the previous 2 years.

6 months to
30 Nov 2023
Same period 2022 Same period 2021
Rank 675 1023 1021
Rank change year-on-year +348 -2 -337
Permanent jobs citing MiFID 52 67 83
As % of all permanent jobs advertised in the UK 0.097% 0.053% 0.064%
As % of the Quality Assurance & Compliance category 0.66% 0.30% 0.41%
Number of salaries quoted 47 44 63
10th Percentile £51,250 £46,625 £55,250
25th Percentile £60,000 £55,188 £66,250
Median annual salary (50th Percentile) £85,000 £86,250 £75,000
Median % change year-on-year -1.45% +15.00% +7.14%
75th Percentile £97,500 £98,125 £90,000
90th Percentile £110,000 £125,000 £105,000
UK excluding London median annual salary £75,000 £28,500 £42,500
% change year-on-year +163.16% -32.94% -41.38%

All Quality Assurance and Compliance Skills
UK

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.

Permanent vacancies with a requirement for quality assurance or compliance skills 7,933 22,280 20,189
As % of all permanent jobs advertised in the UK 14.73% 17.63% 15.59%
Number of salaries quoted 5,817 12,040 12,594
10th Percentile £31,500 £31,250 £31,000
25th Percentile £43,750 £41,875 £40,293
Median annual salary (50th Percentile) £60,000 £57,500 £55,000
Median % change year-on-year +4.35% +4.55% +1.85%
75th Percentile £77,500 £75,000 £72,500
90th Percentile £95,000 £95,000 £90,000
UK excluding London median annual salary £52,500 £50,000 £47,500
% change year-on-year +5.00% +5.26% -3.67%

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 30 November 2023.

Salary histogram for MiFID in the UK

MiFID
Top 5 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 30 November 2023. 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 +316 52 £85,000 -1.45% 52
London +281 51 £85,000 -2.86% 48
Work from Home +261 20 £73,000 -16.57% 13
UK excluding London +240 1 £75,000 +163.16% 4
South East - 1 £75,000 - 1

MiFID
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Business Applications
1 2 (3.85%) Salesforce CRM
2 1 (1.92%) Bloomberg AIM
2 1 (1.92%) Fidessa
Cloud Services
1 1 (1.92%) Azure
1 1 (1.92%) Azure DevOps
1 1 (1.92%) SaaS
1 1 (1.92%) WhatsApp
Database & Business Intelligence
1 1 (1.92%) SQL Server
Development Applications
1 3 (5.77%) JIRA
2 1 (1.92%) Visual Studio
General
1 47 (90.38%) Finance
2 16 (30.77%) Social Skills
3 13 (25.00%) Banking
4 5 (9.62%) Front Office
5 4 (7.69%) Financial Institution
6 2 (3.85%) Back Office
7 1 (1.92%) Advertising
7 1 (1.92%) Analytical Skills
7 1 (1.92%) Legal
7 1 (1.92%) Presentation Skills
Job Titles
1 17 (32.69%) Analyst
2 12 (23.08%) CRM Analyst
3 10 (19.23%) Product Owner
4 9 (17.31%) Consultant
5 8 (15.38%) MiFID Consultant
6 6 (11.54%) Product Consultant
7 5 (9.62%) Business Analyst
8 4 (7.69%) Data Analyst
9 2 (3.85%) Business Analyst Team Leader
9 2 (3.85%) Financial Analyst
9 2 (3.85%) Front Office Business Analyst
9 2 (3.85%) Implementation Consultant
9 2 (3.85%) Implementation Manager
9 2 (3.85%) Product Manager
9 2 (3.85%) Report Manager
9 2 (3.85%) Service Analyst
9 2 (3.85%) Subject Matter Expert
9 2 (3.85%) Team Leader
9 2 (3.85%) Technical Analyst
9 2 (3.85%) Technical Business Analyst
Libraries, Frameworks & Software Standards
1 2 (3.85%) FIX Protocol
2 1 (1.92%) .NET
2 1 (1.92%) Angular 2
2 1 (1.92%) AngularJS
2 1 (1.92%) HTML
2 1 (1.92%) HTML5
2 1 (1.92%) React
2 1 (1.92%) Redux
2 1 (1.92%) SignalR
Miscellaneous
1 13 (25.00%) Equities
2 10 (19.23%) Product Ownership
3 8 (15.38%) Foreign Exchange (FX)
4 4 (7.69%) Derivative
4 4 (7.69%) Onboarding
5 3 (5.77%) Interest Rate Derivative
6 2 (3.85%) Reference Data
7 1 (1.92%) Exotic Derivative
7 1 (1.92%) Fixed Income
7 1 (1.92%) Management Information System
7 1 (1.92%) Market Risk
7 1 (1.92%) Self-Motivation
7 1 (1.92%) SWIFT Messaging Network
Processes & Methodologies
1 12 (23.08%) Agile
1 12 (23.08%) CRM
2 10 (19.23%) Scrum
3 8 (15.38%) Fintech
3 8 (15.38%) Product Roadmap
3 8 (15.38%) Regtech
3 8 (15.38%) Roadmaps
4 7 (13.46%) Stakeholder Management
5 6 (11.54%) Product Management
5 6 (11.54%) Product Strategy
5 6 (11.54%) Requirements Gathering
5 6 (11.54%) Strategic Roadmap
5 6 (11.54%) Technical Analysis
6 4 (7.69%) Client Onboarding
7 3 (5.77%) Business Analysis
7 3 (5.77%) Electronic Trading
7 3 (5.77%) Project Management
7 3 (5.77%) Regulatory Compliance
8 2 (3.85%) Algorithmic Trading
8 2 (3.85%) Risk Management
Programming Languages
1 7 (13.46%) SQL
2 3 (5.77%) Python
3 1 (1.92%) C#
3 1 (1.92%) C++
3 1 (1.92%) Java
Qualifications
1 3 (5.77%) Degree
2 2 (3.85%) Master's Degree
3 1 (1.92%) CISA
3 1 (1.92%) CISM
3 1 (1.92%) CISSP
3 1 (1.92%) PhD
Quality Assurance & Compliance
1 21 (40.38%) EMIR
2 5 (9.62%) Dodd-Frank
3 2 (3.85%) QA
4 1 (1.92%) Basel II
4 1 (1.92%) COBIT
4 1 (1.92%) ISO/IEC 27001
4 1 (1.92%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
4 1 (1.92%) NIST
4 1 (1.92%) PMO
Vendors
1 11 (21.15%) Salesforce
2 1 (1.92%) Bloomberg
2 1 (1.92%) Charles River
2 1 (1.92%) MarketAxess
2 1 (1.92%) Tradeweb