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 18 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
18 May 2024
Same period 2023 Same period 2022
Rank 870 884 1105
Rank change year-on-year +14 +221 -290
Permanent jobs citing MiFID 20 93 139
As % of all permanent jobs advertised in the UK 0.020% 0.094% 0.086%
As % of the Quality Assurance & Compliance category 0.15% 0.50% 0.51%
Number of salaries quoted 9 70 98
10th Percentile £57,950 £53,750 £59,625
25th Percentile £80,000 £70,735 £74,625
Median annual salary (50th Percentile) £97,500 £85,000 £88,750
Median % change year-on-year +14.71% -4.23% +7.58%
75th Percentile £107,500 £97,500 £115,000
90th Percentile £119,500 £108,875 £138,750
UK excluding London median annual salary £41,500 - £90,000
% change year-on-year - - +56.52%

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 13,596 18,747 27,353
As % of all permanent jobs advertised in the UK 13.61% 18.90% 17.02%
Number of salaries quoted 9,193 8,688 13,219
10th Percentile £27,000 £32,000 £31,250
25th Percentile £36,250 £42,500 £41,250
Median annual salary (50th Percentile) £52,500 £57,500 £55,000
Median % change year-on-year -8.70% +4.55% +3.77%
75th Percentile £70,000 £76,250 £73,750
90th Percentile £90,000 £93,750 £90,000
UK excluding London median annual salary £47,500 £50,000 £47,626
% change year-on-year -5.00% +4.98% +0.27%

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 18 May 2024.

Salary histogram for MiFID in the UK

MiFID
Top 7 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 18 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England +15 19 £98,750 +16.18% 36
London +34 17 £98,750 +16.18% 36
Work from Home +28 5 £85,000 +5.86% 9
UK excluding London - 3 £41,500 - 3
North West - 2 - -
North of England - 2 - -
Scotland - 1 £41,500 -

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:

Cloud Services
1 4 (20.00%) AWS
2 3 (15.00%) WhatsApp
3 2 (10.00%) Azure
3 2 (10.00%) Azure DevOps
Communications & Networking
1 4 (20.00%) FTP
Database & Business Intelligence
1 4 (20.00%) MongoDB
1 4 (20.00%) PostgreSQL
1 4 (20.00%) SQL Server
General
1 17 (85.00%) Finance
2 9 (45.00%) Banking
3 8 (40.00%) Social Skills
4 6 (30.00%) Front Office
5 5 (25.00%) Analytical Skills
6 4 (20.00%) Inclusion and Diversity
6 4 (20.00%) Law
6 4 (20.00%) Marketing
7 3 (15.00%) Investment Banking
8 2 (10.00%) Advertising
8 2 (10.00%) Back Office
8 2 (10.00%) Legal
9 1 (5.00%) Financial Institution
9 1 (5.00%) French Language
Job Titles
1 7 (35.00%) Developer
2 6 (30.00%) Analyst
3 5 (25.00%) Business Analyst
4 3 (15.00%) Java Developer
4 3 (15.00%) Python Developer
4 3 (15.00%) Senior
5 2 (10.00%) Back Office Engineer
5 2 (10.00%) C# Developer
5 2 (10.00%) C# Software Developer
5 2 (10.00%) C# Software Engineer
5 2 (10.00%) Developer/Software Engineer
5 2 (10.00%) Operations Analyst
5 2 (10.00%) Operations Business Analyst
5 2 (10.00%) Senior C# Developer
5 2 (10.00%) Senior C# Software Developer
5 2 (10.00%) Senior C# Software Engineer
5 2 (10.00%) Senior Developer
5 2 (10.00%) Senior Software Developer
5 2 (10.00%) Senior Software Engineer
5 2 (10.00%) Software Engineer
Libraries, Frameworks & Software Standards
1 6 (30.00%) FIX Protocol
1 6 (30.00%) HTML
1 6 (30.00%) React
1 6 (30.00%) REST
2 4 (20.00%) AngularJS
2 4 (20.00%) CSS
2 4 (20.00%) FastAPI
2 4 (20.00%) Kafka
2 4 (20.00%) NumPy
2 4 (20.00%) Pandas
2 4 (20.00%) RabbitMQ
2 4 (20.00%) Spring
2 4 (20.00%) Spring Boot
3 2 (10.00%) .NET Framework
3 2 (10.00%) ASP.NET MVC
3 2 (10.00%) jQuery
3 2 (10.00%) QuickFIX
3 2 (10.00%) WCF
3 2 (10.00%) Web Services
3 2 (10.00%) WinForms
Miscellaneous
1 4 (20.00%) Hedge funds
1 4 (20.00%) Mobile Banking
2 2 (10.00%) Cloud Native
2 2 (10.00%) Derivative
3 1 (5.00%) ASIC
3 1 (5.00%) Data Protection Act
Operating Systems
1 4 (20.00%) Linux
2 2 (10.00%) Windows
Processes & Methodologies
1 6 (30.00%) Agile
1 6 (30.00%) Analytics
2 5 (25.00%) Fintech
2 5 (25.00%) OO
2 5 (25.00%) Risk Management
3 4 (20.00%) Artificial Intelligence
3 4 (20.00%) Business Analysis
3 4 (20.00%) Continuous Delivery
3 4 (20.00%) Data Analytics
3 4 (20.00%) Full Stack Development
3 4 (20.00%) Migration
3 4 (20.00%) RAD
3 4 (20.00%) Root Cause Analysis
3 4 (20.00%) Statistics
4 3 (15.00%) Data Analysis
4 3 (15.00%) Econometrics
4 3 (15.00%) Quantitative Finance
5 2 (10.00%) CI/CD
5 2 (10.00%) Microservices
5 2 (10.00%) Trade Surveillance
Programming Languages
1 7 (35.00%) SQL
2 4 (20.00%) Clojure
2 4 (20.00%) Groovy
2 4 (20.00%) Java
2 4 (20.00%) Python
2 4 (20.00%) Scala
3 3 (15.00%) C#
4 2 (10.00%) JavaScript
4 2 (10.00%) PowerShell
Qualifications
1 6 (30.00%) Degree
Quality Assurance & Compliance
1 9 (45.00%) EMIR
2 4 (20.00%) QA
2 4 (20.00%) UCITS
3 1 (5.00%) FINRA
Vendors
1 4 (20.00%) Bloomberg
1 4 (20.00%) Microsoft
1 4 (20.00%) Reuters