Period
to 31 May 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 31 May 2020 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
UK
6 months to
31 May 2020
Same period 2019 Same period 2018
Rank 812 914 909
Rank change year-on-year +102 -5 -166
Permanent jobs citing MiFID 64 208 300
As % of all permanent jobs advertised in the UK 0.071% 0.14% 0.17%
As % of the Quality Assurance & Compliance category 0.58% 1.03% 1.35%
Number of salaries quoted 55 136 206
Median annual salary £75,000 £70,000 £77,500
Median salary % change year-on-year +7.14% -9.68% +3.33%
10th Percentile £59,500 £55,000 £45,625
90th Percentile £107,500 £95,000 £115,000
UK excluding London median annual salary £77,500 £53,750 £55,000
% change year-on-year +44.19% -2.27% -8.33%

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 11,005 20,185 22,177
As % of all permanent IT jobs advertised in the UK 12.28% 13.95% 12.88%
Number of salaries quoted 8,365 14,617 17,060
Median annual salary £52,500 £50,000 £50,000
Median salary % change year-on-year +5.00% - +5.26%
10th Percentile £29,500 £27,700 £28,000
90th Percentile £85,000 £83,750 £80,000
UK excluding London median annual salary £47,500 £45,000 £45,000
% change year-on-year +5.56% - +12.50%

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 31 May 2020.

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 31 May 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 +75 62 £75,000 +7.14% 3
London -1 55 £74,500 +6.43% 3
UK excluding London +190 9 £77,500 +44.19%
South East - 7 £77,500 -
Northern Ireland - 2 £40,000 -

For the 6 months to 31 May 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 44 (68.75%) Finance
2 40 (62.50%) EMIR
3 22 (34.38%) Agile Software Development
4 19 (29.69%) Foreign Exchange (FX)
5 15 (23.44%) SQL
5 15 (23.44%) Dodd-Frank
6 14 (21.88%) Waterfall
6 14 (21.88%) Python
7 12 (18.75%) Banking
7 12 (18.75%) Asset Management
8 11 (17.19%) Business Analysis
8 11 (17.19%) Degree
8 11 (17.19%) Advertising
8 11 (17.19%) Fixed Income
9 10 (15.63%) Front Office
10 9 (14.06%) Solvency II
10 9 (14.06%) Analytics
10 9 (14.06%) GDPR
10 9 (14.06%) Stakeholder Management
10 9 (14.06%) Equities
11 8 (12.50%) V-Model
11 8 (12.50%) Back Office
11 8 (12.50%) C#
11 8 (12.50%) Requirements Gathering
12 7 (10.94%) SDLC
12 7 (10.94%) PhD
12 7 (10.94%) Validation
12 7 (10.94%) Stochastic Calculus
12 7 (10.94%) Market Risk
12 7 (10.94%) Mathematics

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 4 (6.25%) SAS
2 1 (1.56%) Apache Spark
2 1 (1.56%) Confluence
Applications
1 5 (7.81%) Microsoft Excel
1 5 (7.81%) Microsoft PowerPoint
1 5 (7.81%) Microsoft Project
1 5 (7.81%) MS Visio
Cloud Services
1 3 (4.69%) AWS
Communications & Networking
1 2 (3.13%) CHAP
Database & Business Intelligence
1 3 (4.69%) Oracle BI EE
1 3 (4.69%) SQL Server Reporting Services
2 2 (3.13%) Data Lake
2 2 (3.13%) Data Warehouse
2 2 (3.13%) MongoDB
2 2 (3.13%) Snowflake Schema
2 2 (3.13%) SQL Server
3 1 (1.56%) Big Data
3 1 (1.56%) MySQL
3 1 (1.56%) NoSQL
3 1 (1.56%) SQL Server Integration Services
Development Applications
1 1 (1.56%) JBehave
1 1 (1.56%) Selenium
General
1 44 (68.75%) Finance
2 12 (18.75%) Banking
3 11 (17.19%) Advertising
4 10 (15.63%) Front Office
5 8 (12.50%) Back Office
6 2 (3.13%) Investment Banking
7 1 (1.56%) Financial Institution
7 1 (1.56%) Law
7 1 (1.56%) Legal
7 1 (1.56%) Marketing
Job Titles
1 33 (51.56%) Analyst
2 23 (35.94%) Business Analyst
3 14 (21.88%) Developer
4 10 (15.63%) Regulatory Business Analyst
5 8 (12.50%) Senior Analyst
6 7 (10.94%) Senior Business Analyst
7 6 (9.38%) Analyst Developer
7 6 (9.38%) Qualitative Analyst
7 6 (9.38%) Quantitative Analyst
7 6 (9.38%) Quantitative Developer
8 5 (7.81%) Quantitative Analyst Developer
8 5 (7.81%) Regulatory Reporting Business Analyst
8 5 (7.81%) Report Analyst
8 5 (7.81%) Report Developer
8 5 (7.81%) Senior Manager
9 4 (6.25%) C# Developer
9 4 (6.25%) Front Office Developer
9 4 (6.25%) Programme Manager
9 4 (6.25%) Senior Developer
9 4 (6.25%) Senior Programme Manager
Libraries, Frameworks & Software Standards
1 4 (6.25%) .NET
1 4 (6.25%) ASP.NET
1 4 (6.25%) ASP.NET MVC
1 4 (6.25%) WCF
2 3 (4.69%) REST
3 2 (3.13%) COM
3 2 (3.13%) FIX Protocol
3 2 (3.13%) FpML
3 2 (3.13%) Kafka
4 1 (1.56%) AngularJS
4 1 (1.56%) CSS
4 1 (1.56%) Flask
4 1 (1.56%) HTML
4 1 (1.56%) NumPy
4 1 (1.56%) Pandas
4 1 (1.56%) RabbitMQ
4 1 (1.56%) React
4 1 (1.56%) Spring
4 1 (1.56%) Swagger
4 1 (1.56%) Web Services
Miscellaneous
1 19 (29.69%) Foreign Exchange (FX)
2 11 (17.19%) Fixed Income
3 9 (14.06%) Equities
4 7 (10.94%) Market Risk
5 6 (9.38%) Analytical Skills
5 6 (9.38%) Exotic Derivative
6 5 (7.81%) Derivative
7 3 (4.69%) Hedge funds
7 3 (4.69%) OTC Derivatives
7 3 (4.69%) Reference Data
8 2 (3.13%) Credit Risk
8 2 (3.13%) SWIFT
9 1 (1.56%) Algorithms
Operating Systems
1 2 (3.13%) Unix
Processes & Methodologies
1 22 (34.38%) Agile Software Development
2 14 (21.88%) Waterfall
3 12 (18.75%) Asset Management
4 11 (17.19%) Business Analysis
5 9 (14.06%) Analytics
5 9 (14.06%) Stakeholder Management
6 8 (12.50%) Requirements Gathering
6 8 (12.50%) V-Model
7 7 (10.94%) Mathematics
7 7 (10.94%) Physics
7 7 (10.94%) Risk Management
7 7 (10.94%) SDLC
7 7 (10.94%) Stochastic Calculus
7 7 (10.94%) Validation
8 6 (9.38%) Data Management
8 6 (9.38%) Project Management
9 5 (7.81%) Financial Modelling
9 5 (7.81%) Investment Management
9 5 (7.81%) PRINCE2
9 5 (7.81%) UML
Programming Languages
1 15 (23.44%) SQL
2 14 (21.88%) Python
3 8 (12.50%) C#
4 6 (9.38%) C++
5 5 (7.81%) R
6 4 (6.25%) MATLAB
7 3 (4.69%) Java
8 1 (1.56%) Java 8
8 1 (1.56%) Perl
8 1 (1.56%) Scala
Qualifications
1 11 (17.19%) Degree
2 7 (10.94%) PhD
3 6 (9.38%) Master's Degree
4 5 (7.81%) CBAP
4 5 (7.81%) IIBA
4 5 (7.81%) ISEB
4 5 (7.81%) PMP
5 2 (3.13%) CFA
Quality Assurance & Compliance
1 40 (62.50%) EMIR
2 15 (23.44%) Dodd-Frank
3 9 (14.06%) GDPR
3 9 (14.06%) Solvency II
4 3 (4.69%) Basel III
4 3 (4.69%) Data Quality
5 2 (3.13%) AIFMD
5 2 (3.13%) ISO 20022
5 2 (3.13%) SEPA
6 1 (1.56%) QA
System Software
1 3 (4.69%) Docker
Systems Management
1 2 (3.13%) Kubernetes
Vendors
1 5 (7.81%) Bloomberg
1 5 (7.81%) Tableau
2 3 (4.69%) Oracle
3 2 (3.13%) Charles River
3 2 (3.13%) Microsoft
3 2 (3.13%) Refinitiv
3 2 (3.13%) Reuters
4 1 (1.56%) Foundry
4 1 (1.56%) FXall
4 1 (1.56%) Tradeweb