City business analysts will see their rates increase by 20% before the end of the year as investment banks compete for skilled people to implement the Markets in Financial Instruments Directive.
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Business and impact analysts, who assess how major change will affect companies, already command average daily rates of £500.
According to Simon Walker, a director of recruitment consultancy Hydrogen Group, the demand for people to implement the new European regulation will see daily rates rise to £600.
He said, “The rush for MiFID jobs will come in Q4. Top-tier investment banks will need 30-strong teams of analysts and technical architects to do all the work needed.”