Period
to 24 February 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 24 February 2020 with a comparison to the same period in the previous 2 years.

Markets in Financial Instruments Directive (MiFID)
UK
6 months to
24 Feb 2020
Same period 2019 Same period 2018
Rank 931 922 895
Rank change year-on-year -9 -27 -114
Permanent jobs citing MiFID 84 201 299
As % of all permanent IT jobs advertised in the UK 0.068% 0.13% 0.17%
As % of the Quality Assurance & Compliance category 0.55% 0.97% 1.34%
Number of salaries quoted 68 135 200
UK median annual salary £80,000 £75,000 £75,000
Median salary % change year-on-year +6.67% - -
10th Percentile £56,750 £51,500 £43,625
90th Percentile £107,500 £100,000 £107,500
UK excluding London median annual salary £105,000 - £55,000

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 15,347 20,780 22,351
As % of all permanent IT jobs advertised in the UK 12.51% 13.93% 12.76%
Number of salaries quoted 11,862 15,196 17,444
UK median annual salary £52,500 £50,000 £50,000
Median salary % change year-on-year +5.00% - +5.26%
10th Percentile £28,750 £27,500 £27,500
90th Percentile £83,750 £80,000 £80,000
UK excluding London median annual salary £45,000 £45,000 £43,000
% change year-on-year - +4.65% +1.18%

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 24 February 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 24 February 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 -3 84 £80,000 +6.67% 9
London -51 68 £76,250 +1.67% 8
UK excluding London +93 16 £105,000 - 1
South East - 15 £105,000 - 1
East of England - 1 £105,000 -

For the 6 months to 24 February 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 66 (78.57%) Finance
2 57 (67.86%) EMIR
3 32 (38.10%) SQL
4 31 (36.90%) Python
5 28 (33.33%) Dodd-Frank
6 27 (32.14%) Agile Software Development
7 23 (27.38%) Advertising
8 21 (25.00%) Banking
9 20 (23.81%) Project Management
10 19 (22.62%) Foreign Exchange (FX)
11 18 (21.43%) Degree
11 18 (21.43%) Solvency II
12 16 (19.05%) PRINCE2
12 16 (19.05%) SQL Server Reporting Services
12 16 (19.05%) GDPR
13 15 (17.86%) Asset Management
13 15 (17.86%) PMP
14 14 (16.67%) Microsoft Excel
14 14 (16.67%) MS Visio
14 14 (16.67%) Microsoft Project
14 14 (16.67%) C++
14 14 (16.67%) Microsoft PowerPoint
14 14 (16.67%) Risk Management
14 14 (16.67%) Waterfall
14 14 (16.67%) Investment Management
14 14 (16.67%) Problem-Solving
15 13 (15.48%) Mathematics
15 13 (15.48%) C#
16 12 (14.29%) SQL Server
16 12 (14.29%) PhD

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 (4.76%) Apache Spark
1 4 (4.76%) Confluence
2 2 (2.38%) Apache
2 2 (2.38%) Elasticsearch
2 2 (2.38%) SAS
2 2 (2.38%) SharePoint
3 1 (1.19%) IBM HTTP Server
Applications
1 14 (16.67%) Microsoft Excel
1 14 (16.67%) Microsoft PowerPoint
1 14 (16.67%) Microsoft Project
1 14 (16.67%) MS Visio
Business Applications
1 2 (2.38%) Dynamics AX
2 1 (1.19%) Markit EDM
Cloud Services
1 3 (3.57%) AWS
1 3 (3.57%) Office 365
2 2 (2.38%) Azure
2 2 (2.38%) Cloud Computing
2 2 (2.38%) Dynamics 365
3 1 (1.19%) GCP
3 1 (1.19%) Power Platform
Communications & Networking
1 2 (2.38%) WebEx
Database & Business Intelligence
1 16 (19.05%) SQL Server Reporting Services
2 12 (14.29%) SQL Server
2 12 (14.29%) SQL Server Integration Services
3 4 (4.76%) Snowflake Schema
4 3 (3.57%) Big Data
5 2 (2.38%) Data Lake
5 2 (2.38%) Data Warehouse
5 2 (2.38%) Relational Database
5 2 (2.38%) SQL Server 2008
5 2 (2.38%) SQL Server 2016
6 1 (1.19%) BigQuery
6 1 (1.19%) Oracle BI EE
6 1 (1.19%) Power BI
Development Applications
1 3 (3.57%) JIRA
2 1 (1.19%) Git (software)
2 1 (1.19%) GitLab
2 1 (1.19%) JBehave
2 1 (1.19%) Jenkins
2 1 (1.19%) Selenium
2 1 (1.19%) TeamCity
General
1 66 (78.57%) Finance
2 23 (27.38%) Advertising
3 21 (25.00%) Banking
4 7 (8.33%) Back Office
5 6 (7.14%) Investment Banking
5 6 (7.14%) Retail Banking
6 5 (5.95%) Front Office
7 3 (3.57%) Financial Institution
7 3 (3.57%) Marketing
8 2 (2.38%) Legal
9 1 (1.19%) Corporate Banking
9 1 (1.19%) French Language
9 1 (1.19%) German Language
9 1 (1.19%) Law
9 1 (1.19%) Retail
Job Titles
1 22 (26.19%) Analyst
2 13 (15.48%) Developer
3 11 (13.10%) Programme Manager
4 10 (11.90%) Qualitative Analyst
4 10 (11.90%) Quantitative Analyst
4 10 (11.90%) Senior Manager
5 9 (10.71%) Business Analyst
5 9 (10.71%) Senior Programme Manager
6 8 (9.52%) Report Developer
7 7 (8.33%) Consultant
8 5 (5.95%) Project Manager
8 5 (5.95%) Python Engineer
8 5 (5.95%) Regulatory Business Analyst
8 5 (5.95%) SQL Developer
9 4 (4.76%) Platform Engineer
9 4 (4.76%) Python Developer
9 4 (4.76%) Senior Analyst
10 3 (3.57%) Financial Analyst
10 3 (3.57%) Senior Business Analyst
10 3 (3.57%) Support Engineer
Libraries, Frameworks & Software Standards
1 5 (5.95%) Kafka
2 4 (4.76%) FIX Protocol
3 3 (3.57%) .NET
3 3 (3.57%) Web Services
4 2 (2.38%) AngularJS
4 2 (2.38%) FpML
4 2 (2.38%) React
5 1 (1.19%) ASP.NET
5 1 (1.19%) ASP.NET MVC
5 1 (1.19%) Natural Language Processing
5 1 (1.19%) NumPy
5 1 (1.19%) Pandas
5 1 (1.19%) PySpark
5 1 (1.19%) REST
5 1 (1.19%) WCF
5 1 (1.19%) XML
Miscellaneous
1 19 (22.62%) Foreign Exchange (FX)
2 12 (14.29%) Equities
3 11 (13.10%) Credit Risk
3 11 (13.10%) Market Risk
4 10 (11.90%) Analytical Skills
4 10 (11.90%) Exotic Derivative
5 8 (9.52%) Hedge funds
6 6 (7.14%) Fixed Income
7 5 (5.95%) Derivative
8 4 (4.76%) Greenfield Project
8 4 (4.76%) Self-Motivation
9 2 (2.38%) Driving Licence
9 2 (2.38%) OTC Derivatives
10 1 (1.19%) Algorithms
10 1 (1.19%) Reference Data
10 1 (1.19%) Swaptions
Operating Systems
1 10 (11.90%) Unix
2 5 (5.95%) Windows
3 3 (3.57%) Linux
3 3 (3.57%) Windows Server
3 3 (3.57%) Windows Server 2012
Processes & Methodologies
1 27 (32.14%) Agile Software Development
2 20 (23.81%) Project Management
3 16 (19.05%) PRINCE2
4 15 (17.86%) Asset Management
5 14 (16.67%) Investment Management
5 14 (16.67%) Problem-Solving
5 14 (16.67%) Risk Management
5 14 (16.67%) Waterfall
6 13 (15.48%) Mathematics
7 12 (14.29%) Fintech
7 12 (14.29%) Physics
7 12 (14.29%) Stakeholder Management
7 12 (14.29%) Stochastic Calculus
8 11 (13.10%) Credit Risk Management
8 11 (13.10%) Matrix Management
8 11 (13.10%) Matrix Organization
8 11 (13.10%) Validation
9 10 (11.90%) ETL
9 10 (11.90%) Financial Modelling
10 8 (9.52%) Analytics
Programming Languages
1 32 (38.10%) SQL
2 31 (36.90%) Python
3 14 (16.67%) C++
4 13 (15.48%) C#
5 11 (13.10%) R
6 10 (11.90%) MATLAB
7 4 (4.76%) Java
7 4 (4.76%) VBA
8 3 (3.57%) PowerShell
9 2 (2.38%) C
10 1 (1.19%) Perl
10 1 (1.19%) Scala
Qualifications
1 18 (21.43%) Degree
2 15 (17.86%) PMP
3 12 (14.29%) PhD
4 10 (11.90%) Master's Degree
5 1 (1.19%) PMI Certification
5 1 (1.19%) PRINCE2 Certification
5 1 (1.19%) PRINCE2 Practitioner
Quality Assurance & Compliance
1 57 (67.86%) EMIR
2 28 (33.33%) Dodd-Frank
3 18 (21.43%) Solvency II
4 16 (19.05%) GDPR
5 2 (2.38%) AIFMD
5 2 (2.38%) Basel III
5 2 (2.38%) QA
6 1 (1.19%) Data Quality
6 1 (1.19%) FATCA
6 1 (1.19%) IFRS
System Software
1 4 (4.76%) Docker
2 3 (3.57%) Active Directory
Systems Management
1 4 (4.76%) Kubernetes
Vendors
1 5 (5.95%) Tableau
2 4 (4.76%) Bloomberg
3 3 (3.57%) VMware
4 2 (2.38%) JD Edwards
4 2 (2.38%) Microsoft
4 2 (2.38%) Oracle
5 1 (1.19%) Cognizant