The table below looks at the statistics for Financial Modelling skills in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Financial Modelling over the 3 months to 18 December 2014 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
18 Dec 2014
Same period 2013 Same period 2012
Financial Modeling
Rank 192 201 185
Rank change year-on-year
+9 -16
Contract jobs citing Financial Modelling 14 16 16
As % of all contract IT jobs located in the City of London 0.25% 0.23% 0.26%
As % of the Processes & Methodologies category 0.32% 0.30% 0.34%
Number of daily rates quoted 12 10 13
Average daily rate
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£463 £473 £450
Average daily rate % change year-on-year
-2.11% +5.00%
90% offered a daily rate of more than £253 £261 £340
10% offered a daily rate of more than £550 £544 £863
UK excluding London average daily rate £400 £388 £450
% change year-on-year
+3.22% -13.88%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Financial Modelling
London

The following table is for comparison with the above and provides statistics for the entire Processes & Methodologies category in contract jobs advertised in the City of London region.

Processes & Methodologies Category
City of London
Contract IT job ads with a match in the
Processes & Methodologies category
4408 5266 4652
As % of all contract IT jobs located in the City of London 78.03% 77.10% 75.88%
Number of daily rates quoted 3466 3885 3529
Average daily rate £450 £450 £450
90% offered a daily rate of more than £315 £300 £300
10% offered a daily rate of more than £625 £613 £600
UK excluding London average daily rate £388 £363 £365
% change year-on-year
+6.89% -0.68%
Number of hourly rates quoted 40 57 88
Average hourly rate £19.00 £23.50 £35.00
Average hourly rate % change year-on-year
-19.14% -32.85%
90% offered a hourly rate of more than £10.50 £13.50 £15.00
10% offered a hourly rate of more than £43.75 £52.82 £107.80
UK excluding London average hourly rate £25.00 £27.00 £30.00
% change year-on-year
-7.40% -10.00%

Financial Modelling
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Financial Modelling across the City of London region as a proportion of the total demand within the Processes & Methodologies category.

Financial Modelling Jobs Demand Trend in the City of London

Financial Modelling
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Financial Modelling across the City of London region.

Financial Modelling Daily Rate Trend in the City of London

Financial Modelling
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Financial Modelling across the City of London region over the 3 months to 18 December 2014.

Financial Modelling Daily Rate Histogram in the City of London

Financial Modelling
Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Financial Modelling across the City of London region.

Financial Modelling Hourly Rate Trend in the City of London

Financial Modelling
Top 30 Related IT Skills in the City of London

For the 6 months to 18 December 2014, IT contractor jobs across the City of London region citing Financial Modelling also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Financial Modelling.

1 30 (100.00%) Finance
2 15 (50.00%) SQL
3 11 (36.67%) VBA
4 8 (26.67%) MS Excel
4 8 (26.67%) Analytical Skills
5 7 (23.33%) Banking
5 7 (23.33%) Equities
5 7 (23.33%) Business Analysis
5 7 (23.33%) Microsoft
5 7 (23.33%) Front Office
6 6 (20.00%) SQL Server
7 5 (16.67%) Java
7 5 (16.67%) Charles River
7 5 (16.67%) Change Management
7 5 (16.67%) Retail
7 5 (16.67%) Markit EDM
7 5 (16.67%) thinkFolio
8 4 (13.33%) SQL Server Integration Services
9 3 (10.00%) QA
9 3 (10.00%) Data Analysis
9 3 (10.00%) Project Management
9 3 (10.00%) Control-M
10 2 (6.67%) C#
10 2 (6.67%) Data Warehouse
10 2 (6.67%) Perl
10 2 (6.67%) VB.NET
10 2 (6.67%) .NET
10 2 (6.67%) Financial Institution
10 2 (6.67%) Workflow
10 2 (6.67%) Workflow Management

Financial Modelling
Top Related IT Skills in the City of London by Category

For the 6 months to 18 December 2014, IT contractor jobs across the City of London region citing Financial Modelling also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Financial Modelling. Up to 20 skills are shown per category.

Applications
1 8 (26.67%) MS Excel
2 1 (3.33%) Spreadsheet
2 1 (3.33%) MS PowerPoint
2 1 (3.33%) MS Visio
Business Applications
1 5 (16.67%) Markit EDM
Database & Business Intelligence
1 6 (20.00%) SQL Server
2 4 (13.33%) SQL Server Integration Services
3 2 (6.67%) Data Warehouse
3 2 (6.67%) SQL Server Analysis Services
3 2 (6.67%) Relational Database
4 1 (3.33%) Big Data
4 1 (3.33%) MS Access
General
1 30 (100.00%) Finance
2 7 (23.33%) Banking
2 7 (23.33%) Front Office
3 5 (16.67%) Retail
4 2 (6.67%) Financial Institution
4 2 (6.67%) Retail Banking
5 1 (3.33%) Games
5 1 (3.33%) Law
5 1 (3.33%) Advertising
5 1 (3.33%) Investment Banking
Job Titles
1 20 (66.67%) Analyst
2 8 (26.67%) Data Analyst
3 7 (23.33%) Support Analyst
4 6 (20.00%) Business Analyst
5 5 (16.67%) Applications Support
5 5 (16.67%) Applications Support Analyst
6 3 (10.00%) Designer
6 3 (10.00%) Developer
6 3 (10.00%) Excel Developer
6 3 (10.00%) Solutions Designer
7 2 (6.67%) Analyst Developer
7 2 (6.67%) Senior Data Analyst
7 2 (6.67%) Report Analyst
7 2 (6.67%) Senior Analyst
7 2 (6.67%) Business Data Analyst
7 2 (6.67%) Financial Analyst
8 1 (3.33%) Data Business Analyst
8 1 (3.33%) Junior Analyst
8 1 (3.33%) Junior Analyst Developer
8 1 (3.33%) Financial Modelling Consultant
Libraries, Frameworks & Software Standards
1 2 (6.67%) .NET
Miscellaneous
1 8 (26.67%) Analytical Skills
2 7 (23.33%) Equities
3 2 (6.67%) Fixed Income
3 2 (6.67%) Derivative
4 1 (3.33%) Mathematics
4 1 (3.33%) Online Games
Processes & Methodologies
1 7 (23.33%) Business Analysis
2 5 (16.67%) Change Management
3 3 (10.00%) Data Analysis
3 3 (10.00%) Project Management
4 2 (6.67%) Workflow
4 2 (6.67%) Workflow Management
4 2 (6.67%) Web Design
4 2 (6.67%) Asset Management
4 2 (6.67%) Data Management
4 2 (6.67%) Stakeholder Management
4 2 (6.67%) Quantitative Analysis
4 2 (6.67%) Continuous Improvement
4 2 (6.67%) Analytics
4 2 (6.67%) Cash Management
5 1 (3.33%) Quantitative Risk Management
5 1 (3.33%) Data Reconciliation
5 1 (3.33%) Investment Management
5 1 (3.33%) BPMN
5 1 (3.33%) Financial Analysis
5 1 (3.33%) Validation
Programming Languages
1 15 (50.00%) SQL
2 11 (36.67%) VBA
3 5 (16.67%) Java
4 2 (6.67%) C#
4 2 (6.67%) Perl
4 2 (6.67%) VB.NET
4 2 (6.67%) R
Qualifications
1 1 (3.33%) SC Cleared
1 1 (3.33%) Security Cleared
1 1 (3.33%) CIMA
1 1 (3.33%) ACCA
Quality Assurance & Compliance
1 3 (10.00%) QA
Systems Management
1 3 (10.00%) Control-M
Vendors
1 7 (23.33%) Microsoft
2 5 (16.67%) Charles River
2 5 (16.67%) thinkFolio
3 2 (6.67%) Tableau
4 1 (3.33%) SAP
4 1 (3.33%) Cognos
4 1 (3.33%) SunGard
4 1 (3.33%) Salesforce.com