Period
to 23 September 2019

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 23 September 2019 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
UK
6 months to
23 Sep 2019
Same period 2018 Same period 2017
Rank 982 940 769
Rank change year-on-year -42 -171 +109
Permanent jobs citing MiFID 95 232 464
As % of all permanent IT jobs advertised in the UK 0.068% 0.14% 0.26%
As % of the Quality Assurance & Compliance category 0.51% 1.07% 2.14%
Number of salaries quoted 82 164 266
UK median annual salary £75,000 £80,000 £75,000
Median salary % change year-on-year -6.25% +6.67% +7.14%
10th Percentile £57,500 £47,650 £53,750
90th Percentile £104,875 £120,000 £95,000
UK excluding London median annual salary £85,000 £52,500 £58,750
% change year-on-year +61.90% -10.64% -

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 18,623 21,718 21,679
As % of all permanent IT jobs advertised in the UK 13.30% 13.14% 12.34%
Number of salaries quoted 13,771 16,494 16,060
UK median annual salary £50,000 £50,000 £50,000
10th Percentile £28,000 £28,500 £27,500
90th Percentile £82,500 £80,000 £77,500
UK excluding London median annual salary £45,000 £45,000 £42,500
% change year-on-year - +5.88% -

MiFID
Job Vacancy Trend

Job postings citing MiFID as a percentage of all IT jobs advertised.

Job vacancy trend for MiFID in the UK

MiFID
Salary Trend

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing MiFID.

Salary trend for MiFID in the UK

MiFID
Salary Histogram

The salary distribution of IT jobs citing MiFID over the 6 months to 23 September 2019.

Salary histogram for MiFID in the UK

MiFID
Top 8 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 23 September 2019. 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 -61 95 £75,000 -6.25% 13
London -53 87 £75,000 -9.09% 12
UK excluding London +45 8 £85,000 +61.90% 1
South East - 4 £97,500 - 1
North of England +12 2 £52,500 -
Yorkshire - 2 £52,500 -
South West +13 1 £55,000 +29.41%
East of England - 1 £85,000 -

For the 6 months to 23 September 2019, 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 (68.42%) EMIR
2 61 (64.21%) Finance
3 33 (34.74%) Agile Software Development
4 32 (33.68%) Banking
5 28 (29.47%) Dodd-Frank
6 26 (27.37%) Investment Management
7 24 (25.26%) Derivative
8 22 (23.16%) Foreign Exchange (FX)
8 22 (23.16%) Asset Management
9 21 (22.11%) SQL
10 15 (15.79%) Fixed Income
10 15 (15.79%) Business Analysis
11 14 (14.74%) Programme Management
11 14 (14.74%) Linux
12 13 (13.68%) Windows
12 13 (13.68%) GDPR
13 12 (12.63%) Project Management
13 12 (12.63%) C
13 12 (12.63%) Back Office
13 12 (12.63%) Degree
13 12 (12.63%) Process Improvement
14 11 (11.58%) Target Operating Model
14 11 (11.58%) Investment Banking
14 11 (11.58%) Workflow
14 11 (11.58%) Process Management
14 11 (11.58%) Stakeholder Management
14 11 (11.58%) Java
14 11 (11.58%) Six Sigma
14 11 (11.58%) BPR
15 10 (10.53%) CISSP

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 (4.21%) Elasticsearch
2 1 (1.05%) Apache
2 1 (1.05%) Apache Spark
2 1 (1.05%) Confluence
Applications
1 8 (8.42%) Microsoft Project
2 7 (7.37%) Microsoft Excel
3 5 (5.26%) Microsoft PowerPoint
3 5 (5.26%) MS Visio
4 3 (3.16%) Microsoft Office
5 2 (2.11%) Spreadsheet
Business Applications
1 2 (2.11%) Temenos T24
Cloud Services
1 6 (6.32%) AWS
2 3 (3.16%) Amazon EC2
2 3 (3.16%) Amazon S3
2 3 (3.16%) AWS Lambda
2 3 (3.16%) Office 365
2 3 (3.16%) Serverless
3 2 (2.11%) Azure
3 2 (2.11%) OpenShift
4 1 (1.05%) GCP
Communications & Networking
1 9 (9.47%) Firewall
1 9 (9.47%) Internet
2 4 (4.21%) Network Security
3 1 (1.05%) VoIP
Database & Business Intelligence
1 7 (7.37%) SQL Server
2 4 (4.21%) Big Data
2 4 (4.21%) Relational Database
3 2 (2.11%) MongoDB
4 1 (1.05%) Apache Cassandra
4 1 (1.05%) DataStax
4 1 (1.05%) Hadoop
Development Applications
1 5 (5.26%) Maven
2 4 (4.21%) Jenkins
3 3 (3.16%) Atlassian Bamboo
3 3 (3.16%) Cucumber
3 3 (3.16%) JIRA
4 2 (2.11%) Git (software)
4 2 (2.11%) GitLab
4 2 (2.11%) Jasmine
4 2 (2.11%) Karma Test Runner
4 2 (2.11%) TeamCity
General
1 61 (64.21%) Finance
2 32 (33.68%) Banking
3 12 (12.63%) Back Office
4 11 (11.58%) Investment Banking
5 10 (10.53%) Advertising
6 8 (8.42%) Front Office
7 4 (4.21%) Legal
8 2 (2.11%) Corporate Banking
9 1 (1.05%) International Banking
Job Titles
1 38 (40.00%) Analyst
2 25 (26.32%) Business Analyst
3 13 (13.68%) Regulatory Business Analyst
4 12 (12.63%) Developer
5 11 (11.58%) Consultant
5 11 (11.58%) MiFID Consultant
6 9 (9.47%) Change Management Business Analyst
6 9 (9.47%) Cybersecurity Engineer
6 9 (9.47%) Security Engineer
7 6 (6.32%) Asset Management Analyst
7 6 (6.32%) Asset Management Business Analyst
7 6 (6.32%) Java Developer
7 6 (6.32%) Programme Manager
8 5 (5.26%) Administrator
8 5 (5.26%) Audit Engineer
8 5 (5.26%) Project Manager
8 5 (5.26%) Qualitative Analyst
8 5 (5.26%) Quantitative Analyst
9 4 (4.21%) Change Analyst
9 4 (4.21%) Financial Analyst
Libraries, Frameworks & Software Standards
1 6 (6.32%) RESTful
1 6 (6.32%) Spring
2 5 (5.26%) .NET
3 4 (4.21%) Middleware
3 4 (4.21%) XML
4 3 (3.16%) AngularJS
4 3 (3.16%) JSON
4 3 (3.16%) XML Schema
5 2 (2.11%) .NET Framework
5 2 (2.11%) Apache Camel
5 2 (2.11%) ASP.NET
5 2 (2.11%) ASP.NET MVC
5 2 (2.11%) Hibernate
5 2 (2.11%) HTML
5 2 (2.11%) HTML5
5 2 (2.11%) JPA
5 2 (2.11%) jQuery
5 2 (2.11%) RequireJS
5 2 (2.11%) Spring Boot
6 1 (1.05%) Web Services
Miscellaneous
1 24 (25.26%) Derivative
2 22 (23.16%) Foreign Exchange (FX)
3 15 (15.79%) Fixed Income
4 10 (10.53%) Equities
5 6 (6.32%) Credit Risk
5 6 (6.32%) Hedge funds
6 5 (5.26%) ASIC
6 5 (5.26%) Exotic Derivative
6 5 (5.26%) Market Risk
6 5 (5.26%) Self-Motivation
7 4 (4.21%) OTC Derivatives
8 3 (3.16%) Analytical Skills
8 3 (3.16%) Enterprise Software
8 3 (3.16%) Greenfield Project
8 3 (3.16%) Management Information System
9 2 (2.11%) Mobile App
9 2 (2.11%) User Experience
10 1 (1.05%) Cloud Native
10 1 (1.05%) N-Tier
10 1 (1.05%) Reference Data
Operating Systems
1 14 (14.74%) Linux
2 13 (13.68%) Windows
3 4 (4.21%) Windows Server
4 3 (3.16%) Windows Server 2012
5 2 (2.11%) Unix
Processes & Methodologies
1 33 (34.74%) Agile Software Development
2 26 (27.37%) Investment Management
3 22 (23.16%) Asset Management
4 15 (15.79%) Business Analysis
5 14 (14.74%) Programme Management
6 12 (12.63%) Process Improvement
6 12 (12.63%) Project Management
7 11 (11.58%) BPR
7 11 (11.58%) Process Management
7 11 (11.58%) Six Sigma
7 11 (11.58%) Stakeholder Management
7 11 (11.58%) Target Operating Model
7 11 (11.58%) Workflow
8 10 (10.53%) Information Security
8 10 (10.53%) Matrix Management
8 10 (10.53%) Waterfall
9 9 (9.47%) Cybersecurity
9 9 (9.47%) Kalman Filter
9 9 (9.47%) SIEM
9 9 (9.47%) Web Filtering
Programming Languages
1 21 (22.11%) SQL
2 12 (12.63%) C
3 11 (11.58%) Java
4 10 (10.53%) C#
5 7 (7.37%) Python
6 6 (6.32%) VBA
7 5 (5.26%) C++
7 5 (5.26%) JavaScript
7 5 (5.26%) MATLAB
8 4 (4.21%) R
9 3 (3.16%) Java 8
9 3 (3.16%) PowerShell
10 1 (1.05%) Kotlin
10 1 (1.05%) Scala
Qualifications
1 12 (12.63%) Degree
2 10 (10.53%) CISA
2 10 (10.53%) CISSP
3 9 (9.47%) (ISC)2 CCSP
3 9 (9.47%) CCSP
3 9 (9.47%) Cisco Certification
3 9 (9.47%) CompTIA Security+
4 5 (5.26%) Master's Degree
4 5 (5.26%) PhD
4 5 (5.26%) PMP
5 2 (2.11%) ISEB
6 1 (1.05%) CFA
6 1 (1.05%) CISM
Quality Assurance & Compliance
1 65 (68.42%) EMIR
2 28 (29.47%) Dodd-Frank
3 13 (13.68%) GDPR
4 9 (9.47%) QA
4 9 (9.47%) Solvency II
5 4 (4.21%) PSD2
6 3 (3.16%) FATCA
7 2 (2.11%) FINRA
7 2 (2.11%) IFRS
8 1 (1.05%) Basel II
8 1 (1.05%) COBIT
8 1 (1.05%) ISO 22301
8 1 (1.05%) ISO/IEC 27001
8 1 (1.05%) ISO/IEC 27002 (supersedes ISO/IEC 17799)
8 1 (1.05%) NIST
System Software
1 4 (4.21%) Active Directory
2 1 (1.05%) Virtual Servers
Systems Management
1 1 (1.05%) Hadoop YARN
1 1 (1.05%) Kibana
1 1 (1.05%) logstash
Vendors
1 10 (10.53%) Cisco
2 4 (4.21%) Bloomberg
2 4 (4.21%) Tableau
3 3 (3.16%) Murex
3 3 (3.16%) VMware
4 2 (2.11%) Google
4 2 (2.11%) Microsoft
4 2 (2.11%) Oracle
5 1 (1.05%) Cloudera
5 1 (1.05%) Hortonworks
5 1 (1.05%) Salesforce.com