MiFID Contracts in England

Markets in Financial Instruments Directive (MiFID)
UK > England

The following table provides summary statistics for contract job vacancies advertised in England with a requirement for MiFID skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited MiFID over the 6 months to 17 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
17 May 2024
Same period 2023 Same period 2022
Rank 467 584 668
Rank change year-on-year +117 +84 -93
Contract jobs citing MiFID 70 63 111
As % of all contract jobs advertised in England 0.19% 0.13% 0.16%
As % of the Quality Assurance & Compliance category 1.37% 0.98% 1.20%
Number of daily rates quoted 62 51 100
10th Percentile £400 £513 £513
25th Percentile £563 £569 £550
Median daily rate (50th Percentile) £700 £675 £650
Median % change year-on-year +3.70% +3.85% +8.33%
75th Percentile £775 £750 £750
90th Percentile £800 £775 £800
UK median daily rate £700 £675 £650
% change year-on-year +3.70% +3.85% +8.33%

All Quality Assurance and Compliance Skills
England

MiFID is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in England with a requirement for quality assurance or compliance skills.

Contract vacancies with a requirement for quality assurance or compliance skills 5,117 6,422 9,221
As % of all contract IT jobs advertised in England 14.04% 13.35% 13.11%
Number of daily rates quoted 3,279 4,358 6,328
10th Percentile £300 £289 £292
25th Percentile £408 £413 £406
Median daily rate (50th Percentile) £525 £525 £525
Median % change year-on-year - - +10.53%
75th Percentile £638 £650 £625
90th Percentile £750 £750 £725
UK median daily rate £510 £525 £515
% change year-on-year -2.86% +1.94% +8.42%
Number of hourly rates quoted 347 217 261
10th Percentile £10.95 £15.21 £12.02
25th Percentile £13.18 £20.00 £16.25
Median hourly rate £22.50 £37.50 £29.12
Median % change year-on-year -40.00% +28.78% +38.67%
75th Percentile £45.00 £63.75 £49.25
90th Percentile £68.75 £79.85 £69.83
UK median hourly rate £21.06 £35.00 £31.00
% change year-on-year -39.84% +12.90% +47.62%

MiFID
Job Vacancy Trend in England

Job postings citing MiFID as a proportion of all IT jobs advertised in England.

Job vacancy trend for MiFID in England

MiFID
Contractor Daily Rate Trend in England

3-month moving average daily rate quoted in jobs citing MiFID in England.

Daily rate trend for MiFID in England

MiFID
Daily Rate Histogram in England

Daily rate distribution for jobs citing MiFID in England over the 6 months to 17 May 2024.

Daily rate histogram for MiFID in England

MiFID
Contractor Hourly Rate Trend in England

3-month moving average hourly rates quoted in jobs citing MiFID in England.

Hourly rate trend for MiFID in England

MiFID
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing MiFID within the England region over the 6 months to 17 May 2024. 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
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
London +93 70 £700 +3.70% 39
MiFID
UK

MiFID
Co-occurring Skills and Capabilities in England 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:

Application Platforms
1 7 (10.00%) Confluence
Applications
1 7 (10.00%) Microsoft Excel
1 7 (10.00%) Microsoft PowerPoint
1 7 (10.00%) MS Visio
Business Applications
1 6 (8.57%) ION MarketView
2 1 (1.43%) Bloomberg AIM
Cloud Services
1 10 (14.29%) AWS
2 3 (4.29%) Amazon EKS
3 2 (2.86%) npm
3 2 (2.86%) Yarn
4 1 (1.43%) Cloud Computing
Communications & Networking
1 8 (11.43%) FIX Connectivity
2 1 (1.43%) FTP
Database & Business Intelligence
1 13 (18.57%) SQL Server
2 11 (15.71%) PostgreSQL
3 5 (7.14%) Relational Database
4 2 (2.86%) Big Data
5 1 (1.43%) Hadoop
5 1 (1.43%) KDB
5 1 (1.43%) MongoDB
5 1 (1.43%) RDBMS
Development Applications
1 9 (12.86%) TeamCity
2 8 (11.43%) JIRA
3 2 (2.86%) Babel
3 2 (2.86%) Git
3 2 (2.86%) Octopus Deploy
3 2 (2.86%) webpack
General
1 28 (40.00%) Finance
2 27 (38.57%) Banking
3 17 (24.29%) Front Office
4 16 (22.86%) Social Skills
5 11 (15.71%) Investment Banking
6 10 (14.29%) Analytical Skills
7 3 (4.29%) Prime Brokerage
8 2 (2.86%) Back Office
8 2 (2.86%) Synthetic Prime Brokerage
Job Titles
1 33 (47.14%) Business Analyst
2 21 (30.00%) Developer
3 19 (27.14%) Analyst
4 17 (24.29%) Regulatory Business Analyst
5 11 (15.71%) .NET Developer
6 9 (12.86%) Investment Banking Business Analyst
6 9 (12.86%) Report Developer
7 8 (11.43%) Electronic Trading Business Analyst
8 7 (10.00%) Front Office Business Analyst
9 6 (8.57%) FIX Business Analyst
9 6 (8.57%) Regulatory Reporting Business Analyst
10 5 (7.14%) Angular Developer
10 5 (7.14%) AWS Developer
10 5 (7.14%) C# .NET Developer
10 5 (7.14%) C# Developer
10 5 (7.14%) Java Developer
10 5 (7.14%) Report Analyst
11 4 (5.71%) Financial Analyst
11 4 (5.71%) Project Manager
11 4 (5.71%) SQL Developer
Libraries, Frameworks & Software Standards
1 11 (15.71%) .NET
1 11 (15.71%) FIX Protocol
2 9 (12.86%) XML
3 7 (10.00%) AngularJS
3 7 (10.00%) ASP.NET
4 5 (7.14%) .NET Core
5 4 (5.71%) Node.js
6 2 (2.86%) Kafka
6 2 (2.86%) React
6 2 (2.86%) REST
7 1 (1.43%) CSS
7 1 (1.43%) FastAPI
7 1 (1.43%) HTML
7 1 (1.43%) Material-UI
7 1 (1.43%) MSMQ
7 1 (1.43%) NumPy
7 1 (1.43%) Pandas
7 1 (1.43%) RabbitMQ
7 1 (1.43%) Spring Boot
7 1 (1.43%) WebSockets
Miscellaneous
1 13 (18.57%) Derivative
2 12 (17.14%) Fixed Income
3 8 (11.43%) Hedge funds
4 6 (8.57%) Equities
4 6 (8.57%) Foreign Exchange (FX)
5 5 (7.14%) Equity Derivative
6 4 (5.71%) Algorithms
7 3 (4.29%) Greenfield Project
8 2 (2.86%) Data Protection Act
8 2 (2.86%) SWIFT Messaging Network
9 1 (1.43%) ASIC
9 1 (1.43%) Data Structures
9 1 (1.43%) Distributed Systems
9 1 (1.43%) DTCC
9 1 (1.43%) EFT
9 1 (1.43%) Grid Computing
9 1 (1.43%) Legacy Systems
9 1 (1.43%) Product Ownership
9 1 (1.43%) Synthetic Equity
Operating Systems
1 8 (11.43%) Unix
2 2 (2.86%) Linux
3 1 (1.43%) Windows
Processes & Methodologies
1 13 (18.57%) Stakeholder Management
2 10 (14.29%) Agile
2 10 (14.29%) TDD
3 9 (12.86%) Data Modelling
4 8 (11.43%) Electronic Trading
4 8 (11.43%) Risk Management
5 7 (10.00%) Computer Science
5 7 (10.00%) Microservices
5 7 (10.00%) UML
6 6 (8.57%) Full Stack Development
7 5 (7.14%) Data Lineage
7 5 (7.14%) Problem-Solving
7 5 (7.14%) Regtech
7 5 (7.14%) SDLC
7 5 (7.14%) User Acceptance Testing
8 4 (5.71%) Artificial Intelligence
8 4 (5.71%) Business Analysis
8 4 (5.71%) OO
8 4 (5.71%) OOD
8 4 (5.71%) System Integration Testing
Programming Languages
1 35 (50.00%) SQL
2 16 (22.86%) C#
3 11 (15.71%) Java
4 5 (7.14%) PL/SQL
5 4 (5.71%) C++
6 2 (2.86%) C
6 2 (2.86%) JavaScript
6 2 (2.86%) Python
6 2 (2.86%) Scala
7 1 (1.43%) Clojure
7 1 (1.43%) Groovy
7 1 (1.43%) Kotlin
7 1 (1.43%) Perl
7 1 (1.43%) TypeScript
7 1 (1.43%) VBA
Qualifications
1 13 (18.57%) Degree
2 4 (5.71%) Master's Degree
2 4 (5.71%) PhD
3 2 (2.86%) Computer Science Degree
4 1 (1.43%) ISEB
4 1 (1.43%) ISTQB
Quality Assurance & Compliance
1 44 (62.86%) EMIR
2 29 (41.43%) Dodd-Frank
3 8 (11.43%) QA
4 3 (4.29%) Data Quality
5 2 (2.86%) SEPA
6 1 (1.43%) FATCA
6 1 (1.43%) GDPR
6 1 (1.43%) PMO
Vendors
1 12 (17.14%) Bloomberg
2 8 (11.43%) ION Trading
2 8 (11.43%) MarketAxess
2 8 (11.43%) Tradeweb
3 7 (10.00%) Oracle
4 2 (2.86%) Refinitiv
5 1 (1.43%) Charles River
5 1 (1.43%) Progress
5 1 (1.43%) Reuters
5 1 (1.43%) Sybase