The table below looks at the statistics for Statistical 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 Statistical Modelling over the 3 months to 3 August 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
3 Aug 2015
Same period 2014 Same period 2013
Statistical Modeling
Rank 205 188 216
Rank change year-on-year
-17 +28
Contract jobs citing Statistical Modelling 6 9 8
As % of all contract IT jobs located in the City of London 0.10% 0.16% 0.11%
As % of the Processes & Methodologies category 0.13% 0.20% 0.14%
Number of daily rates quoted 4 5 5
Average daily rate
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£563 £420 £375
Average daily rate % change year-on-year
+33.92% +12.00%
UK excluding London average daily rate £419 £375 £350
% change year-on-year
+11.66% +7.14%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £13.00 -
Statistical 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
4581 4462 5538
As % of all contract IT jobs located in the City of London 78.83% 77.36% 78.20%
Number of daily rates quoted 3616 3321 4123
Average daily rate £475 £450 £450
Average daily rate % change year-on-year
+5.55% -
90% offered a daily rate of more than £325 £313 £313
10% offered a daily rate of more than £625 £625 £600
UK excluding London average daily rate £388 £375 £375
% change year-on-year
+3.33% -
Number of hourly rates quoted 43 42 94
Average hourly rate £21.28 £23.50 £27.99
Average hourly rate % change year-on-year
-9.46% -16.02%
90% offered a hourly rate of more than £13.00 £15.00 £17.50
10% offered a hourly rate of more than £47.50 £46.70 £52.50
UK excluding London average hourly rate £30.52 £26.50 £31.00
% change year-on-year
+15.16% -14.51%

Statistical Modelling
Jobs Demand Trend in the City of London

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

Statistical Modelling Jobs Demand Trend in the City of London

Statistical 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 Statistical Modelling across the City of London region.

Statistical Modelling Daily Rate Trend in the City of London

Statistical Modelling
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Statistical Modelling across the City of London region over the 3 months to 3 August 2015.

Statistical Modelling Daily Rate Histogram in the City of London

Statistical 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 Statistical Modelling across the City of London region.

Statistical Modelling Hourly Rate Trend in the City of London

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

For the 6 months to 3 August 2015, IT contractor jobs across the City of London region citing Statistical 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 Statistical Modelling.

1 8 (100.00%) SQL
2 6 (75.00%) R
2 6 (75.00%) Analytics
3 5 (62.50%) Credit Risk
3 5 (62.50%) Statistics
3 5 (62.50%) Finance
3 5 (62.50%) Banking
4 4 (50.00%) Validation
4 4 (50.00%) Data Modelling
4 4 (50.00%) Java
4 4 (50.00%) Degree
4 4 (50.00%) Time Series Analysis
5 3 (37.50%) Analytical Skills
5 3 (37.50%) LaTeX
5 3 (37.50%) Mathematics
5 3 (37.50%) Physics
5 3 (37.50%) Maple
5 3 (37.50%) Perl
5 3 (37.50%) C++
5 3 (37.50%) Python
5 3 (37.50%) Mathematica
5 3 (37.50%) Ruby
5 3 (37.50%) Statistical Analysis
6 2 (25.00%) SAS
6 2 (25.00%) Big Data
7 1 (12.50%) Big Data Analytics
7 1 (12.50%) Customer Analytics
7 1 (12.50%) Data Transformation
7 1 (12.50%) Propensity Modelling
7 1 (12.50%) WorldPay

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

For the 6 months to 3 August 2015, IT contractor jobs across the City of London region citing Statistical 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 Statistical Modelling. Up to 20 skills are shown per category.

Application Platforms
1 2 (25.00%) SAS
Applications
1 3 (37.50%) Mathematica
1 3 (37.50%) Maple
1 3 (37.50%) LaTeX
2 1 (12.50%) SPSS
Database & Business Intelligence
1 2 (25.00%) Big Data
2 1 (12.50%) SQL Server
2 1 (12.50%) OLAP
2 1 (12.50%) MS Access
2 1 (12.50%) Data Warehouse
2 1 (12.50%) Data Mining
2 1 (12.50%) SQL Server Reporting Services
2 1 (12.50%) SQL Server Integration Services
2 1 (12.50%) SQL Server Analysis Services
2 1 (12.50%) SQL Server 2008
General
1 5 (62.50%) Banking
1 5 (62.50%) Finance
2 1 (12.50%) Advertising
2 1 (12.50%) Retail
2 1 (12.50%) Retail Banking
2 1 (12.50%) Marketing
Job Titles
1 3 (37.50%) Analyst
2 2 (25.00%) Data Modeller
2 2 (25.00%) Quantitative Analyst
3 1 (12.50%) Marketing Analyst
3 1 (12.50%) Credit Risk Analyst
3 1 (12.50%) Insight Analyst
3 1 (12.50%) Data Scientist
3 1 (12.50%) Data Insight Analyst
3 1 (12.50%) Data Analyst
3 1 (12.50%) SQL Developer
3 1 (12.50%) Developer
Libraries, Frameworks & Software Standards
1 1 (12.50%) .NET
Miscellaneous
1 5 (62.50%) Statistics
1 5 (62.50%) Credit Risk
2 3 (37.50%) Mathematics
2 3 (37.50%) Physics
2 3 (37.50%) Analytical Skills
3 1 (12.50%) Market Risk
3 1 (12.50%) Data Extraction
Processes & Methodologies
1 6 (75.00%) Analytics
2 4 (50.00%) Time Series Analysis
2 4 (50.00%) Data Modelling
2 4 (50.00%) Validation
3 3 (37.50%) Statistical Analysis
4 1 (12.50%) Regression Analysis
4 1 (12.50%) Performance Improvement
4 1 (12.50%) Change Control
4 1 (12.50%) Big Data Analytics
4 1 (12.50%) Stakeholder Management
4 1 (12.50%) CHAID
4 1 (12.50%) Customer Analytics
4 1 (12.50%) Data Transformation
4 1 (12.50%) Propensity Modelling
Programming Languages
1 8 (100.00%) SQL
2 6 (75.00%) R
3 4 (50.00%) Java
4 3 (37.50%) Perl
4 3 (37.50%) C++
4 3 (37.50%) Python
4 3 (37.50%) Ruby
5 1 (12.50%) MATLAB
5 1 (12.50%) VB
5 1 (12.50%) C#
Qualifications
1 4 (50.00%) Degree
2 1 (12.50%) PhD
Quality Assurance & Compliance
1 1 (12.50%) QA
Vendors
1 1 (12.50%) Teradata
1 1 (12.50%) WorldPay