The table below looks at the statistics for Quantitative Risk Management skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Quantitative Risk Management over the 3 months to 3 July 2015 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
3 Jul 2015
Same period 2014 Same period 2013
Quantitative Risk Management (QRM)
Rank 603 574 538
Rank change year-on-year
-29 -36
Contract jobs citing Quantitative Risk Management 10 18 19
As % of all contract IT jobs located in the UK 0.018% 0.034% 0.039%
As % of the Processes & Methodologies category 0.023% 0.045% 0.052%
Number of daily rates quoted 10 15 18
Average daily rate
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£550 £565 £500
Average daily rate % change year-on-year
-2.65% +13.00%
90% offered a daily rate of more than £423 £443 £420
10% offered a daily rate of more than £628 £625 £665
UK excluding London average daily rate £423 £438 £454
% change year-on-year
-3.42% -3.52%
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
43274 40267 36736
As % of all contract IT jobs located in the UK 77.50% 76.08% 74.60%
Number of daily rates quoted 27921 25102 22050
Average daily rate £413 £400 £410
Average daily rate % change year-on-year
+3.12% -2.43%
90% offered a daily rate of more than £288 £275 £274
10% offered a daily rate of more than £575 £572 £575
UK excluding London average daily rate £388 £375 £370
% change year-on-year
+3.33% +1.35%
Number of hourly rates quoted 1158 1185 1094
Average hourly rate £29.00 £26.50 £30.00
Average hourly rate % change year-on-year
+9.43% -11.66%
90% offered a hourly rate of more than £12.40 £13.00 £12.93
10% offered a hourly rate of more than £50.00 £47.50 £47.50
UK excluding London average hourly rate £30.00 £28.50 £30.50
% change year-on-year
+5.26% -6.55%

Quantitative Risk Management
Jobs Demand Trend

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

Quantitative Risk Management Jobs Demand Trend in the UK

Quantitative Risk Management
Daily Rate Trend

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

Quantitative Risk Management Daily Rate Trend in the UK

Quantitative Risk Management
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Quantitative Risk Management within the UK over the 3 months to 3 July 2015.

Quantitative Risk Management Daily Rate Histogram in the UK

Quantitative Risk Management
Top 5 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Quantitative Risk Management within the UK over the 3 months to 3 July 2015. 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 -39 10 £550 -2.65% 4
City of London -11 6 £575 -2.12%
London -19 6 £575 -1.07% 4
South West -6 4 £423 -2.02%
Bristol - 4 £423 -

Quantitative Risk Management
Top 30 Related IT Skills

For the 6 months to 3 July 2015, IT contractor jobs within the UK citing Quantitative Risk Management 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 Quantitative Risk Management.

1 20 (58.82%) Finance
2 18 (52.94%) Banking
3 16 (47.06%) SQL
4 15 (44.12%) Data Warehouse
4 15 (44.12%) Risk Management
5 7 (20.59%) Stakeholder Management
6 6 (17.65%) Retail
6 6 (17.65%) Data Analysis
6 6 (17.65%) Migration
6 6 (17.65%) Sarbanes-Oxley
6 6 (17.65%) MS Excel
6 6 (17.65%) SQL Server
7 5 (14.71%) MS Access
7 5 (14.71%) Data Modelling
7 5 (14.71%) Financial Institution
8 4 (11.76%) T-SQL
8 4 (11.76%) VBA
8 4 (11.76%) Retail Banking
8 4 (11.76%) Stress Testing
8 4 (11.76%) Financial Modelling
8 4 (11.76%) Agile Software Development
9 3 (8.82%) Analytical Skills
9 3 (8.82%) HP Quality Center
9 3 (8.82%) QA
9 3 (8.82%) Credit Risk
9 3 (8.82%) Business Analysis
9 3 (8.82%) SAS
9 3 (8.82%) FTP
9 3 (8.82%) Project Management
9 3 (8.82%) Front Office

Quantitative Risk Management
Top Related IT Skills by Category

For the 6 months to 3 July 2015, IT contractor jobs within the UK citing Quantitative Risk Management 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 Quantitative Risk Management. Up to 20 skills are shown per category.

Application Platforms
1 3 (8.82%) SAS
Applications
1 6 (17.65%) MS Excel
2 1 (2.94%) SPSS
2 1 (2.94%) MS Office
Communications & Networking
1 3 (8.82%) FTP
Database & Business Intelligence
1 15 (44.12%) Data Warehouse
2 6 (17.65%) SQL Server
3 5 (14.71%) MS Access
4 1 (2.94%) SQL Server 2008
Development Applications
1 1 (2.94%) JIRA
General
1 20 (58.82%) Finance
2 18 (52.94%) Banking
3 6 (17.65%) Retail
4 5 (14.71%) Financial Institution
5 4 (11.76%) Retail Banking
6 3 (8.82%) Front Office
7 2 (5.88%) Investment Banking
8 1 (2.94%) Legal
Job Titles
1 16 (47.06%) Analyst
2 12 (35.29%) Developer
3 7 (20.59%) Business Analyst
3 7 (20.59%) SQL Developer
4 6 (17.65%) Data Analyst
5 4 (11.76%) Senior Analyst
6 3 (8.82%) Business Data Analyst
6 3 (8.82%) Testing Analyst
6 3 (8.82%) SQL Server Developer
7 2 (5.88%) Consultant
7 2 (5.88%) Senior Manager
7 2 (5.88%) Senior Business Analyst
7 2 (5.88%) Project Manager
7 2 (5.88%) Test Analyst
7 2 (5.88%) Senior Data Analyst
7 2 (5.88%) Risk Manager
8 1 (2.94%) Risk Analyst
8 1 (2.94%) VBA Developer
8 1 (2.94%) Senior Risk Analyst
8 1 (2.94%) Information Management Consultant
Miscellaneous
1 3 (8.82%) Credit Risk
1 3 (8.82%) Analytical Skills
2 2 (5.88%) Derivative
2 2 (5.88%) Fixed Income
3 1 (2.94%) Economics
3 1 (2.94%) PMI
3 1 (2.94%) Management Information System
3 1 (2.94%) Statistics
3 1 (2.94%) Mathematics
3 1 (2.94%) Market Risk
Operating Systems
1 1 (2.94%) UNIX
Processes & Methodologies
1 15 (44.12%) Risk Management
2 7 (20.59%) Stakeholder Management
3 6 (17.65%) Data Analysis
3 6 (17.65%) Migration
4 5 (14.71%) Data Modelling
5 4 (11.76%) Agile Software Development
5 4 (11.76%) Stress Testing
5 4 (11.76%) Financial Modelling
6 3 (8.82%) Business Analysis
6 3 (8.82%) Project Management
7 2 (5.88%) ETL
7 2 (5.88%) PRINCE2
8 1 (2.94%) OO
8 1 (2.94%) B2B
8 1 (2.94%) Change Management
8 1 (2.94%) Regression Testing
8 1 (2.94%) Validation
8 1 (2.94%) Statistical Analysis
8 1 (2.94%) Technical Architecture
8 1 (2.94%) Asset Management
Programming Languages
1 16 (47.06%) SQL
2 4 (11.76%) T-SQL
2 4 (11.76%) VBA
Qualifications
1 2 (5.88%) Degree
2 1 (2.94%) MCT
2 1 (2.94%) PMI Certification
2 1 (2.94%) MBA
2 1 (2.94%) CFA
Quality Assurance & Compliance
1 6 (17.65%) Sarbanes-Oxley
2 3 (8.82%) QA
3 1 (2.94%) Data Quality
3 1 (2.94%) FINREP
Systems Management
1 3 (8.82%) HP Quality Center
Vendors
1 2 (5.88%) Business Objects
2 1 (2.94%) Microsoft
2 1 (2.94%) Informatica
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