MiFID to push rates up

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.

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.”

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This was first published in June 2006


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