The first table below looks at the demand 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 24 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Processes & Methodologies category for the London region.

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
24 May 2013
Same period 2012 Same period 2011
Stochastic Modeling
Rank - 413 440
Contract jobs citing Stochastic Modelling 0 2 2
As % of all contract IT jobs located in London - 0.007% 0.006%
As % of the Processes & Methodologies category - 0.010% 0.009%
Number of daily rates quoted 0 2 1
Average daily rate - £400 £925
Average daily rate % change year-on-year
- -56.75%
UK excluding London average daily rate - £375 £975
% change year-on-year
- -61.53%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Processes & Methodologies
London
Contract IT job ads with a match in the
Processes & Methodologies category
16194 19350 22109
As % of all contract IT jobs located in London 74.77% 71.83% 71.15%
Number of daily rates quoted 11076 12690 14542
Average daily rate £450 £450 £480
Average daily rate % change year-on-year
- -6.25%
90% offered a daily rate of more than £300 £300 £310
10% offered a daily rate of more than £600 £600 £625
UK excluding London average daily rate £365 £365 £375
% change year-on-year
- -2.66%
Number of hourly rates quoted 254 340 350
Average hourly rate £30.00 £26.23 £27.23
Average hourly rate % change year-on-year
+14.39% -3.67%
90% offered a hourly rate of more than £14.00 £15.00 £14.00
10% offered a hourly rate of more than £102.00 £45.00 £50.00
UK excluding London average hourly rate £30.00 £25.00 £29.50
% change year-on-year
+20.00% -15.25%
Stochastic Modelling
England

Stochastic Modelling
Jobs Demand Trend

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.

London Stochastic Modelling Jobs Demand Trend

Stochastic Modelling
Daily Rate Trend

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

London Stochastic Modelling Daily Rate Trend