The table below looks at the statistics for Numerical Analysis skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Numerical Analysis over the 3 months to 11 February 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.

Location
3 months to
11 Feb 2016
Same period 2015 Same period 2014
Numerical Analysis
Rank 623 606 586
Rank change year-on-year
-17 -20
Contract jobs citing Numerical Analysis 3 6 2
As % of all contract IT jobs located in the UK 0.006% 0.012% 0.004%
As % of the Processes & Methodologies category 0.007% 0.015% 0.005%
Number of daily rates quoted 2 6 2
Average daily rate £350 £550 £238
Average daily rate % change year-on-year
-36.36% +131.57%
90% offered a daily rate of more than £230 £513 £228
10% offered a daily rate of more than £470 £600 £248
UK excluding London average daily rate £200 - £225
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -

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

Processes & Methodologies Category
UK
Contract IT job ads with a match in the
Processes & Methodologies category
41792 40196 38042
As % of all contract IT jobs located in the UK 81.24% 77.62% 76.51%
Number of daily rates quoted 27320 25624 23044
Average daily rate £425 £420 £400
Average daily rate % change year-on-year
+1.19% +5.00%
90% offered a daily rate of more than £300 £280 £273
10% offered a daily rate of more than £600 £575 £575
UK excluding London average daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 1199 1072 1163
Average hourly rate £40.00 £26.50 £27.50
Average hourly rate % change year-on-year
+50.94% -3.63%
90% offered a hourly rate of more than £13.00 £12.00 £12.50
10% offered a hourly rate of more than £57.00 £46.25 £52.40
UK excluding London average hourly rate £40.00 £27.50 £27.50
% change year-on-year
+45.45% -

Numerical Analysis
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Numerical Analysis within the UK as a proportion of the total demand within the Processes & Methodologies category.

Numerical Analysis Jobs Demand Trend in the UK

Numerical Analysis
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Numerical Analysis within the UK.

Numerical Analysis Daily Rate Trend in the UK

Numerical Analysis
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Numerical Analysis within the UK over the 3 months to 11 February 2016.

Numerical Analysis Daily Rate Histogram in the UK

Numerical Analysis
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Numerical Analysis within the UK.

Numerical Analysis Hourly Rate Trend in the UK

Numerical Analysis
Top 4 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Numerical Analysis within the UK over the 3 months to 11 February 2016. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England -6 3 £350 -36.36% 1
London +3 2 £500 -9.09%
Birmingham - 1 £200 -
West Midlands - 1 £200 -

Numerical Analysis
Top 30 Related IT Skills

For the 6 months to 11 February 2016, IT contractor jobs within the UK citing Numerical Analysis 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 Numerical Analysis.

1 13 (81.25%) Finance
2 11 (68.75%) VBA
3 7 (43.75%) PhD
3 7 (43.75%) Derivative
3 7 (43.75%) Degree
3 7 (43.75%) Analytics
4 6 (37.50%) Mathematics
4 6 (37.50%) Physics
4 6 (37.50%) Stochastic Calculus
4 6 (37.50%) Statistics
4 6 (37.50%) Monte Carlo Method
4 6 (37.50%) C++
5 4 (25.00%) Banking
5 4 (25.00%) Market Risk
5 4 (25.00%) Data Analysis
5 4 (25.00%) Investment Banking
5 4 (25.00%) Probability Theory
6 3 (18.75%) Risk Management
6 3 (18.75%) Python
6 3 (18.75%) MS Excel
6 3 (18.75%) Data Mining
7 2 (12.50%) VB
7 2 (12.50%) MATLAB
7 2 (12.50%) Microsoft
7 2 (12.50%) Financial Modelling
7 2 (12.50%) Machine Learning
7 2 (12.50%) R
8 1 (6.25%) Data Visualisation
8 1 (6.25%) Line Management
8 1 (6.25%) Analytical Skills

Numerical Analysis
Top Related IT Skills by Category

For the 6 months to 11 February 2016, IT contractor jobs within the UK citing Numerical Analysis 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 Numerical Analysis. Up to 20 skills are shown per category.

Application Platforms
1 1 (6.25%) SAS
Applications
1 3 (18.75%) MS Excel
2 1 (6.25%) MS PowerPoint
Business Applications
1 1 (6.25%) HFM
Cloud Services
1 1 (6.25%) Google Analytics
Database & Business Intelligence
1 3 (18.75%) Data Mining
2 1 (6.25%) Big Data
2 1 (6.25%) Hadoop
2 1 (6.25%) Spotfire
General
1 13 (81.25%) Finance
2 4 (25.00%) Banking
2 4 (25.00%) Investment Banking
3 1 (6.25%) Front Office
Job Titles
1 6 (37.50%) Analyst
2 3 (18.75%) Developer
3 2 (12.50%) Business Manager
3 2 (12.50%) C++ Developer
3 2 (12.50%) Finance Modeller
3 2 (12.50%) Financial Analyst
3 2 (12.50%) Qualitative Analyst
3 2 (12.50%) Quantitative Analyst
3 2 (12.50%) Risk Analyst
4 1 (6.25%) C++ Quantitative Developer
4 1 (6.25%) Data Scientist
4 1 (6.25%) Database Operations Team Leader
4 1 (6.25%) E-Commerce Analyst
4 1 (6.25%) Investment Banking C++ Developer
4 1 (6.25%) Machine Learning Scientist
4 1 (6.25%) Operations Team Leader
4 1 (6.25%) Quantitative Developer
4 1 (6.25%) Report Analyst
4 1 (6.25%) Team Leader
4 1 (6.25%) VBA Quantitative Developer
Miscellaneous
1 7 (43.75%) Derivative
2 6 (37.50%) Mathematics
2 6 (37.50%) Physics
2 6 (37.50%) Statistics
3 4 (25.00%) Market Risk
4 1 (6.25%) Algorithms
4 1 (6.25%) Analytical Skills
4 1 (6.25%) Fixed Income
4 1 (6.25%) Hedge funds
4 1 (6.25%) Pricing Data
4 1 (6.25%) Visualisation
Operating Systems
1 1 (6.25%) Unix
Processes & Methodologies
1 7 (43.75%) Analytics
2 6 (37.50%) Monte Carlo Method
2 6 (37.50%) Stochastic Calculus
3 4 (25.00%) Data Analysis
3 4 (25.00%) Probability Theory
4 3 (18.75%) Risk Management
5 2 (12.50%) Financial Modelling
5 2 (12.50%) Machine Learning
6 1 (6.25%) Change Management
6 1 (6.25%) Data Analytics
6 1 (6.25%) Data Visualisation
6 1 (6.25%) E-Commerce
6 1 (6.25%) Expense Management
6 1 (6.25%) Financial Analysis
6 1 (6.25%) Line Management
6 1 (6.25%) Project Management
6 1 (6.25%) Risk Analysis
6 1 (6.25%) Service Delivery
6 1 (6.25%) Time Management
Programming Languages
1 11 (68.75%) VBA
2 6 (37.50%) C++
3 3 (18.75%) Python
4 2 (12.50%) MATLAB
4 2 (12.50%) R
4 2 (12.50%) VB
5 1 (6.25%) Java
5 1 (6.25%) SQL
Qualifications
1 7 (43.75%) Degree
1 7 (43.75%) PhD
2 1 (6.25%) SC Cleared
2 1 (6.25%) Security Cleared
Vendors
1 2 (12.50%) Microsoft
2 1 (6.25%) Google
2 1 (6.25%) Hyperion
Didcot, Oxfordshire
Research Councils UK
Posted: 2 days ago