The table below looks at the statistics for Stochastic Modelling skills in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Stochastic Modelling over the 3 months to 29 April 2016 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.

3 months to
29 Apr 2016
Same period 2015 Same period 2014
Stochastic Modeling
Rank - - 426
Contract jobs citing Stochastic Modelling 0 0 1
As % of all contract IT jobs located in London - - 0.004%
As % of the Processes & Methodologies category - - 0.005%
Number of daily rates quoted 0 0 1
Average daily rate - - £850
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Stochastic Modelling
England

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

Processes & Methodologies Category
London
Contract IT job ads with a match in the
Processes & Methodologies category
19259 18083 18813
As % of all contract IT jobs located in London 83.70% 80.71% 80.55%
Number of daily rates quoted 13992 12630 13319
Average daily rate £475 £450 £425
Average daily rate % change year-on-year
+5.55% +5.88%
90% offered a daily rate of more than £325 £310 £300
10% offered a daily rate of more than £625 £600 £600
UK excluding London average daily rate £400 £388 £375
% change year-on-year
+3.22% +3.33%
Number of hourly rates quoted 169 257 230
Average hourly rate £22.00 £20.50 £24.00
Average hourly rate % change year-on-year
+7.31% -14.58%
90% offered a hourly rate of more than £12.83 £11.00 £13.00
10% offered a hourly rate of more than £52.34 £55.00 £57.50
UK excluding London average hourly rate £36.00 £30.50 £31.50
% change year-on-year
+18.03% -3.17%

Stochastic Modelling
Jobs Demand Trend in London

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

Stochastic Modelling Jobs Demand Trend in London

Stochastic Modelling
Daily Rate Trend in London

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

Stochastic Modelling Daily Rate Trend in London