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 5 March 2015 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
5 Mar 2015
Same period 2014 Same period 2013
Financial Modeling
Rank 179 188 183
Rank change year-on-year
+9 -5
Contract jobs citing Financial Modelling 7 11 9
As % of all contract IT jobs located in the City of London 0.14% 0.19% 0.16%
As % of the Processes & Methodologies category 0.17% 0.25% 0.21%
Number of daily rates quoted 6 10 9
Average daily rate
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£500 £418 £450
Average daily rate % change year-on-year
+19.76% -7.22%
90% offered a daily rate of more than £375 £293 £415
10% offered a daily rate of more than £713 £546 £525
UK excluding London average daily rate £475 £325 £400
% change year-on-year
+46.15% -18.75%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £18.00 - -
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
4003 4479 4297
As % of all contract IT jobs located in the City of London 79.03% 77.59% 76.03%
Number of daily rates quoted 3119 3180 3299
Average daily rate £450 £450 £450
90% offered a daily rate of more than £320 £300 £315
10% offered a daily rate of more than £625 £625 £600
UK excluding London average daily rate £400 £375 £363
% change year-on-year
+6.66% +3.44%
Number of hourly rates quoted 26 45 53
Average hourly rate £20.45 £28.50 £52.50
Average hourly rate % change year-on-year
-28.26% -45.71%
90% offered a hourly rate of more than £13.10 £16.50 £15.75
10% offered a hourly rate of more than £45.50 £77.50 £135.00
UK excluding London average hourly rate £30.00 £27.50 £31.00
% change year-on-year
+9.09% -11.29%

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 5 March 2015.

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 5 March 2015, 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 24 (100.00%) Finance
2 13 (54.17%) SQL
3 9 (37.50%) VBA
4 8 (33.33%) Banking
5 7 (29.17%) SQL Server
5 7 (29.17%) MS Excel
5 7 (29.17%) Analytical Skills
6 6 (25.00%) Microsoft
7 5 (20.83%) Retail
7 5 (20.83%) Equities
7 5 (20.83%) SQL Server Integration Services
7 5 (20.83%) Change Management
7 5 (20.83%) Front Office
8 4 (16.67%) Business Analysis
9 3 (12.50%) thinkFolio
9 3 (12.50%) Control-M
9 3 (12.50%) Charles River
9 3 (12.50%) Java
9 3 (12.50%) Analytics
9 3 (12.50%) Quantitative Risk Management
9 3 (12.50%) Tableau
9 3 (12.50%) Markit EDM
10 2 (8.33%) Continuous Improvement
10 2 (8.33%) R
10 2 (8.33%) Relational Database
10 2 (8.33%) Portfolio Management
10 2 (8.33%) Workflow
10 2 (8.33%) Fixed Income
10 2 (8.33%) Perl
10 2 (8.33%) VB.NET

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

For the 6 months to 5 March 2015, 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 7 (29.17%) MS Excel
2 1 (4.17%) MS Office
Business Applications
1 3 (12.50%) thinkFolio
1 3 (12.50%) Markit EDM
Database & Business Intelligence
1 7 (29.17%) SQL Server
2 5 (20.83%) SQL Server Integration Services
3 2 (8.33%) SQL Server Analysis Services
3 2 (8.33%) Data Warehouse
3 2 (8.33%) Relational Database
4 1 (4.17%) Big Data
General
1 24 (100.00%) Finance
2 8 (33.33%) Banking
3 5 (20.83%) Retail
3 5 (20.83%) Front Office
4 2 (8.33%) Retail Banking
4 2 (8.33%) Marketing
5 1 (4.17%) Investment Banking
5 1 (4.17%) Advertising
Job Titles
1 13 (54.17%) Analyst
2 6 (25.00%) Support Analyst
2 6 (25.00%) Developer
3 4 (16.67%) Business Analyst
3 4 (16.67%) Data Analyst
4 3 (12.50%) Applications Support Analyst
4 3 (12.50%) Excel Developer
4 3 (12.50%) Applications Support
5 2 (8.33%) Solutions Designer
5 2 (8.33%) Report Analyst
5 2 (8.33%) Analyst Developer
5 2 (8.33%) Financial Analyst
5 2 (8.33%) Business Data Analyst
5 2 (8.33%) Designer
6 1 (4.17%) Financial Modelling Consultant
6 1 (4.17%) Junior Analyst
6 1 (4.17%) Junior Analyst Developer
6 1 (4.17%) Junior Developer
6 1 (4.17%) Data Modeller
6 1 (4.17%) Financial Business Analyst
Libraries, Frameworks & Software Standards
1 2 (8.33%) .NET
Miscellaneous
1 7 (29.17%) Analytical Skills
2 5 (20.83%) Equities
3 2 (8.33%) Derivative
3 2 (8.33%) Fixed Income
4 1 (4.17%) Mathematics
4 1 (4.17%) Visualisation
Processes & Methodologies
1 5 (20.83%) Change Management
2 4 (16.67%) Business Analysis
3 3 (12.50%) Analytics
3 3 (12.50%) Quantitative Risk Management
4 2 (8.33%) Web Design
4 2 (8.33%) Portfolio Management
4 2 (8.33%) Continuous Improvement
4 2 (8.33%) Workflow
4 2 (8.33%) Data Modelling
4 2 (8.33%) Asset Management
4 2 (8.33%) Data Management
4 2 (8.33%) Data Analysis
4 2 (8.33%) Workflow Management
5 1 (4.17%) Benchmarking
5 1 (4.17%) Stakeholder Management
5 1 (4.17%) Programme Management
5 1 (4.17%) Stress Testing
5 1 (4.17%) Investment Management
5 1 (4.17%) Financial Analysis
5 1 (4.17%) Data Visualisation
Programming Languages
1 13 (54.17%) SQL
2 9 (37.50%) VBA
3 3 (12.50%) Java
4 2 (8.33%) Perl
4 2 (8.33%) VB.NET
4 2 (8.33%) R
Qualifications
1 2 (8.33%) VCP4
2 1 (4.17%) ACCA
2 1 (4.17%) CIMA
Systems Management
1 3 (12.50%) Control-M
Vendors
1 6 (25.00%) Microsoft
2 3 (12.50%) Charles River
2 3 (12.50%) Tableau
3 1 (4.17%) SAP