Bayesian Methods Contracts

Bayesian Techniques (including Bayesian Networks, Statistics and Modelling)
UK

The following table provides summary statistics for contract job vacancies with a requirement for Bayesian Methods skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Bayesian Methods over the 6 months to 12 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
12 May 2024
Same period 2023 Same period 2022
Rank 574 695 845
Rank change year-on-year +121 +150 -178
Contract jobs citing Bayesian Methods 12 3 20
As % of all contract jobs advertised in the UK 0.028% 0.005% 0.023%
As % of the Processes & Methodologies category 0.032% 0.006% 0.025%
Number of daily rates quoted 6 2 11
10th Percentile £75 £282 -
25th Percentile £209 £323 £408
Median daily rate (50th Percentile) £625 £405 £438
Median % change year-on-year +54.32% -7.43% -29.44%
75th Percentile £669 £498 £640
90th Percentile £680 £544 £725
UK excluding London median daily rate - - £415
Number of hourly rates quoted 0 0 2
10th Percentile - - £56.45
25th Percentile - - £56.75
Median hourly rate - - £59.50
75th Percentile - - £63.25
90th Percentile - - £64.15
UK excluding London median hourly rate - - £57.50

All Process and Methodology Skills
UK

Bayesian Methods is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 37,097 52,247 79,383
As % of all contract IT jobs advertised in the UK 86.26% 89.81% 90.60%
Number of daily rates quoted 23,888 36,212 55,718
10th Percentile £300 £325 £343
25th Percentile £413 £438 £428
Median daily rate (50th Percentile) £525 £550 £530
Median % change year-on-year -4.55% +3.77% +8.48%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +8.57%
Number of hourly rates quoted 2,438 1,719 1,895
10th Percentile £12.75 £11.00 £12.50
25th Percentile £16.00 £16.23 £15.58
Median hourly rate £36.50 £36.00 £25.68
Median % change year-on-year +1.39% +40.19% +4.82%
75th Percentile £60.00 £65.00 £49.50
90th Percentile £72.50 £75.00 £65.00
UK excluding London median hourly rate £38.06 £35.00 £20.00
% change year-on-year +8.74% +75.00% -6.98%

Bayesian Methods
Job Vacancy Trend

Job postings citing Bayesian Methods as a proportion of all IT jobs advertised.

Job vacancy trend for Bayesian Methods in the UK

Bayesian Methods
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Bayesian Methods.

Daily rate trend for Bayesian Methods in the UK

Bayesian Methods
Daily Rate Histogram

Daily rate distribution for jobs citing Bayesian Methods over the 6 months to 12 May 2024.

Daily rate histogram for Bayesian Methods in the UK

Bayesian Methods
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Bayesian Methods.

Hourly rate trend for Bayesian Methods in the UK

Bayesian Methods
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Bayesian Methods within the UK over the 6 months to 12 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
Work from Home +122 10 £378 -6.79% 2
England +113 7 £625 +54.32% 6
London +97 7 £625 +54.32% 3

Bayesian Methods
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 7 (58.33%) Apache Spark
Cloud Services
1 7 (58.33%) Azure
Development Applications
1 5 (41.67%) Git
General
1 7 (58.33%) Marketing
Job Titles
1 9 (75.00%) Data Scientist
2 3 (25.00%) Senior
3 2 (16.67%) Econometrician
3 2 (16.67%) Senior Data Scientist
4 1 (8.33%) Junior
4 1 (8.33%) Junior Data Scientist
4 1 (8.33%) Marketing Specialist
4 1 (8.33%) Senior Data Warehouse Specialist
Libraries, Frameworks & Software Standards
1 7 (58.33%) Pandas
Miscellaneous
1 7 (58.33%) Multi-touch
2 5 (41.67%) Algorithms
Processes & Methodologies
1 12 (100.00%) Data Science
1 12 (100.00%) Machine Learning
1 12 (100.00%) Mathematics
2 11 (91.67%) Statistical Modelling
3 7 (58.33%) Applied Mathematics
3 7 (58.33%) Data Analysis
3 7 (58.33%) Data Collection
3 7 (58.33%) Data Extraction
3 7 (58.33%) Marketing Mix
3 7 (58.33%) Model Validation
3 7 (58.33%) Validation
4 5 (41.67%) Data Pipeline
4 5 (41.67%) Econometrics
5 3 (25.00%) Analytics
6 2 (16.67%) Computer Science
6 2 (16.67%) Statistics
7 1 (8.33%) Time Series Analysis
Programming Languages
1 12 (100.00%) Python
2 7 (58.33%) R
2 7 (58.33%) SQL
Qualifications
1 2 (16.67%) Degree
1 2 (16.67%) PhD