Mathematical Modelling Contracts

Mathematical Modelling
UK

The following table provides summary statistics for contract job vacancies with a requirement for Mathematical Modelling skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Mathematical Modelling over the 6 months to 7 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
7 May 2024
Same period 2023 Same period 2022
Rank 551 663 804
Rank change year-on-year +112 +141 -133
Contract jobs citing Mathematical Modelling 34 30 45
As % of all contract jobs advertised in the UK 0.079% 0.052% 0.051%
As % of the Processes & Methodologies category 0.092% 0.057% 0.056%
Number of daily rates quoted 17 13 20
10th Percentile £583 £500 £574
25th Percentile £619 £513 £597
Median daily rate (50th Percentile) £638 £685 £775
Median % change year-on-year -6.93% -11.61% +29.17%
75th Percentile £875 £825 £800
90th Percentile - - £808
UK excluding London median daily rate - £500 £513
% change year-on-year - -2.44% +32.26%
Number of hourly rates quoted 6 0 18
10th Percentile £56.25 - -
25th Percentile - - -
Median hourly rate £60.00 - £60.00
75th Percentile - - -
90th Percentile - - -
UK excluding London median hourly rate £60.00 - £60.00

All Process and Methodology Skills
UK

Mathematical Modelling 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 36,956 52,182 79,685
As % of all contract IT jobs advertised in the UK 86.29% 89.83% 90.59%
Number of daily rates quoted 23,793 36,175 55,967
10th Percentile £300 £325 £341
25th Percentile £413 £438 £426
Median daily rate (50th Percentile) £525 £550 £530
Median % change year-on-year -4.55% +3.77% +8.72%
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 2,422 1,727 1,890
10th Percentile £12.75 £11.00 £12.50
25th Percentile £16.00 £16.25 £15.50
Median hourly rate £36.50 £36.00 £25.00
Median % change year-on-year +1.39% +44.00% +2.04%
75th Percentile £60.00 £65.00 £49.25
90th Percentile £72.50 £75.00 £65.00
UK excluding London median hourly rate £37.50 £35.00 £20.00
% change year-on-year +7.14% +75.00% -6.98%

Mathematical Modelling
Job Vacancy Trend

Job postings citing Mathematical Modelling as a proportion of all IT jobs advertised.

Job vacancy trend for Mathematical Modelling in the UK

Mathematical Modelling
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Mathematical Modelling.

Daily rate trend for Mathematical Modelling in the UK

Mathematical Modelling
Daily Rate Histogram

Daily rate distribution for jobs citing Mathematical Modelling over the 6 months to 7 May 2024.

Daily rate histogram for Mathematical Modelling in the UK

Mathematical Modelling
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Mathematical Modelling.

Hourly rate trend for Mathematical Modelling in the UK

Mathematical Modelling
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Mathematical Modelling within the UK over the 6 months to 7 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
England +106 32 £638 -6.93% 39
London +94 24 £638 -17.74% 10
UK excluding London +69 10 - - 28
East of England - 8 - - 4
Work from Home +126 6 £850 +33.33% 15
Scotland - 2 - - 1

Mathematical Modelling
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:

Applications
1 7 (20.59%) Simulink
2 4 (11.76%) Microsoft Excel
Cloud Services
1 9 (26.47%) Azure
2 7 (20.59%) Azure DevOps
2 7 (20.59%) GitHub
3 4 (11.76%) AWS
Database & Business Intelligence
1 7 (20.59%) NoSQL
2 1 (2.94%) KDB
2 1 (2.94%) Kdb+
Development Applications
1 5 (14.71%) Git
1 5 (14.71%) Visual Studio
2 1 (2.94%) Team Foundation Server
General
1 11 (32.35%) Finance
1 11 (32.35%) Front Office
2 4 (11.76%) Banking
2 4 (11.76%) Investment Banking
3 3 (8.82%) Social Skills
4 2 (5.88%) Presentation Skills
5 1 (2.94%) Aerospace
5 1 (2.94%) Analytical Skills
5 1 (2.94%) Aviation
5 1 (2.94%) Law
Job Titles
1 14 (41.18%) Senior
2 12 (35.29%) Python Engineer
3 9 (26.47%) Developer
3 9 (26.47%) Software Engineer
4 7 (20.59%) C Software Engineer
4 7 (20.59%) C/C++ Software Engineer
4 7 (20.59%) C++ Software Engineer
4 7 (20.59%) Linux Engineer
4 7 (20.59%) Quantitative Developer
5 6 (17.65%) Real Time Engineer
5 6 (17.65%) Real Time Software Engineer
6 4 (11.76%) Analyst
6 4 (11.76%) Qualitative Analyst
6 4 (11.76%) Quantitative Analyst
7 3 (8.82%) Senior Developer
7 3 (8.82%) Senior Quantitative Developer
8 2 (5.88%) Energy Trading Developer
8 2 (5.88%) Python Developer
8 2 (5.88%) Senior Python Developer
8 2 (5.88%) Senior Software Engineer
Libraries, Frameworks & Software Standards
1 19 (55.88%) NumPy
1 19 (55.88%) Pandas
1 19 (55.88%) SciPy
2 1 (2.94%) .NET
2 1 (2.94%) .NET Framework
2 1 (2.94%) Entity Framework
2 1 (2.94%) Managed Extensibility Framework
2 1 (2.94%) Silverlight
2 1 (2.94%) WCF
2 1 (2.94%) WPF
Miscellaneous
1 7 (20.59%) Derivative
2 4 (11.76%) Distributed Computing
2 4 (11.76%) Equities
2 4 (11.76%) Fixed Income
2 4 (11.76%) Foreign Exchange (FX)
2 4 (11.76%) Renewable Energy
3 2 (5.88%) Algorithms
3 2 (5.88%) Data Protection Act
3 2 (5.88%) Solar Panel
Operating Systems
1 11 (32.35%) Linux
2 5 (14.71%) Windows
3 4 (11.76%) Unix
Processes & Methodologies
1 34 (100.00%) Mathematics
2 17 (50.00%) Software Engineering
3 10 (29.41%) Artificial Intelligence
3 10 (29.41%) Computer Science
3 10 (29.41%) Decision Intelligence
4 8 (23.53%) Data Analysis
5 7 (20.59%) Applied Mathematics
5 7 (20.59%) Architectural Patterns
5 7 (20.59%) Backtesting
5 7 (20.59%) CI/CD
5 7 (20.59%) Data Pipeline
5 7 (20.59%) DevOps
5 7 (20.59%) Financial Modelling
5 7 (20.59%) Hardware-in-the-Loop
5 7 (20.59%) Multithreading
5 7 (20.59%) Product Requirements
5 7 (20.59%) Test Automation
5 7 (20.59%) Visualisation
6 5 (14.71%) Physics
7 4 (11.76%) Numerical Analysis
Programming Languages
1 25 (73.53%) Python
2 22 (64.71%) C++
3 11 (32.35%) Java
4 9 (26.47%) Rust
4 9 (26.47%) SQL
5 7 (20.59%) C
5 7 (20.59%) MATLAB
6 6 (17.65%) Perl
7 5 (14.71%) C#
8 4 (11.76%) Shell Script
8 4 (11.76%) VBA
9 1 (2.94%) XAML
Qualifications
1 14 (41.18%) Degree
2 4 (11.76%) Numerate Degree
3 2 (5.88%) Computer Science Degree
4 1 (2.94%) BPSS Clearance
4 1 (2.94%) Master's Degree
4 1 (2.94%) PhD
4 1 (2.94%) SC Cleared
4 1 (2.94%) Security Cleared
Vendors
1 1 (2.94%) Twitter