MiFID Contracts in the City of London

Markets in Financial Instruments Directive (MiFID)
Central London > City of London

The table below provides summary statistics for contract job vacancies advertised in the City of London requiring MiFID skills. It includes a benchmarking guide to the contractor rates offered in vacancies that cited MiFID over the 6 months leading up to 14 November 2024, comparing them to the same period in the previous two years.

6 months to
14 Nov 2024
Same period 2023 Same period 2022
Rank 116 140 181
Rank change year-on-year +24 +41 -11
Contract jobs citing MiFID 11 10 17
As % of all contract jobs advertised in the City of London 0.52% 0.36% 0.38%
As % of the Quality Assurance & Compliance category 3.26% 2.29% 2.87%
Number of daily rates quoted 4 8 16
10th Percentile £430 £585 £263
25th Percentile £475 £703 £325
Median daily rate (50th Percentile) £513 £800 £593
Median % change year-on-year -35.94% +35.02% -8.85%
75th Percentile £591 £863 £700
90th Percentile £686 £915 £713
Central London median daily rate £513 £800 £600
% change year-on-year -35.94% +33.33% -7.69%

All Quality Assurance and Compliance Skills
City of London

MiFID falls under the Quality Assurance and Compliance category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring quality assurance or compliance skills in the City of London.

Contract vacancies with a requirement for quality assurance or compliance skills 337 436 593
As % of all contract IT jobs advertised in the City of London 15.87% 15.70% 13.21%
Number of daily rates quoted 186 328 419
10th Percentile £349 £393 £363
25th Percentile £453 £495 £463
Median daily rate (50th Percentile) £561 £575 £588
Median % change year-on-year -2.39% -2.13% +9.81%
75th Percentile £650 £695 £700
90th Percentile £750 £788 £813
Central London median daily rate £550 £584 £580
% change year-on-year -5.78% +0.65% +9.43%
Number of hourly rates quoted 0 1 7
10th Percentile - - £16.45
25th Percentile - £71.25 £18.00
Median hourly rate - £72.50 £19.50
Median % change year-on-year - +271.79% -36.59%
75th Percentile - £73.75 £60.38
90th Percentile - - £62.75
Central London median hourly rate £35.00 £72.50 £20.75
% change year-on-year -51.72% +249.40% -32.52%

MiFID
Job Vacancy Trend in the City of London

Job postings citing MiFID as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for MiFID in the City of London

MiFID
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing MiFID in the City of London.

Daily rate trend for MiFID in the City of London

MiFID
Daily Rate Histogram in the City of London

Daily rate distribution for jobs citing MiFID in the City of London over the 6 months to 14 November 2024.

Daily rate histogram for MiFID in the City of London

MiFID
Co-occurring Skills and Capabilities in the City of London 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:

Applications
1 2 (18.18%) Microsoft Excel
2 1 (9.09%) Microsoft PowerPoint
2 1 (9.09%) Microsoft Project
2 1 (9.09%) MS Visio
Business Applications
1 1 (9.09%) Endur
Cloud Services
1 5 (45.45%) Azure
2 1 (9.09%) Amazon S3
2 1 (9.09%) AWS
2 1 (9.09%) Power Platform
Database & Business Intelligence
1 5 (45.45%) SQL Server
2 1 (9.09%) Power BI
2 1 (9.09%) Qlik Sense
2 1 (9.09%) Relational Database
Development Applications
1 5 (45.45%) Jenkins
2 1 (9.09%) JIRA
General
1 6 (54.55%) Finance
2 5 (45.45%) Back Office
3 4 (36.36%) Banking
4 2 (18.18%) Analytical Skills
4 2 (18.18%) Investment Banking
5 1 (9.09%) Front Office
5 1 (9.09%) Organisational Skills
5 1 (9.09%) Public Sector
5 1 (9.09%) Social Skills
Job Titles
1 5 (45.45%) Developer
2 4 (36.36%) Business Analyst
2 4 (36.36%) Senior
2 4 (36.36%) Senior Developer
3 3 (27.27%) Analyst
4 2 (18.18%) Data Business Analyst
5 1 (9.09%) AWS Engineer
5 1 (9.09%) Business Manager
5 1 (9.09%) C# Developer
5 1 (9.09%) Data Analyst
5 1 (9.09%) DataOps Engineer
5 1 (9.09%) MiFID Business Analyst
5 1 (9.09%) Regulatory Business Analyst
5 1 (9.09%) Regulatory Reporting Business Analyst
5 1 (9.09%) Report Analyst
Libraries, Frameworks & Software Standards
1 5 (45.45%) .NET
1 5 (45.45%) FIX Protocol
1 5 (45.45%) Kafka
2 4 (36.36%) Node.js
Miscellaneous
1 2 (18.18%) Derivative
1 2 (18.18%) Equities
1 2 (18.18%) Foreign Exchange (FX)
2 1 (9.09%) Fixed Income
2 1 (9.09%) Hedge funds
2 1 (9.09%) Management Information System
2 1 (9.09%) OTC Derivatives
2 1 (9.09%) Reference Data
2 1 (9.09%) Self-Motivation
Processes & Methodologies
1 6 (54.55%) DevOps
2 5 (45.45%) Investment Management
3 3 (27.27%) Business Analysis
3 3 (27.27%) Data Analysis
3 3 (27.27%) Data Management
3 3 (27.27%) Problem-Solving
3 3 (27.27%) Regulatory Compliance
3 3 (27.27%) Requirements Gathering
3 3 (27.27%) Risk Management
4 2 (18.18%) MoSCoW
4 2 (18.18%) Process Improvement
4 2 (18.18%) Project Management
4 2 (18.18%) Stakeholder Management
5 1 (9.09%) Algorithmic Trading
5 1 (9.09%) Data Mapping
5 1 (9.09%) Data Validation
5 1 (9.09%) Data Visualisation
5 1 (9.09%) Electronic Trading
5 1 (9.09%) User Acceptance Testing
5 1 (9.09%) Waterfall
Programming Languages
1 5 (45.45%) C#
2 4 (36.36%) JavaScript
2 4 (36.36%) SQL
3 1 (9.09%) Python
Qualifications
1 1 (9.09%) CBAP
1 1 (9.09%) Degree
1 1 (9.09%) PMI Certification
1 1 (9.09%) PMP
1 1 (9.09%) Security Cleared
Quality Assurance & Compliance
1 9 (81.82%) EMIR
2 2 (18.18%) Dodd-Frank
3 1 (9.09%) Accessibility
3 1 (9.09%) Data Quality
3 1 (9.09%) GDPR
3 1 (9.09%) PMO
System Software
1 5 (45.45%) Docker
Systems Management
1 5 (45.45%) Terraform
Vendors
1 1 (9.09%) OpenLink