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 1 April 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
1 Apr 2015
Same period 2014 Same period 2013
Quantitative Risk Management (QRM)
Rank 563 552 516
Rank change year-on-year
-11 -36
Contract jobs citing Quantitative Risk Management 23 41 28
As % of all contract IT jobs located in the UK 0.041% 0.076% 0.059%
As % of the Processes & Methodologies category 0.054% 0.10% 0.081%
Number of daily rates quoted 23 34 20
Average daily rate
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£563 £525 £488
Average daily rate % change year-on-year
+7.14% +7.69%
90% offered a daily rate of more than £433 £450 £398
10% offered a daily rate of more than £670 £643 £728
UK excluding London average daily rate £525 £350 £438
% change year-on-year
+50.00% -20.09%
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
42524 40556 34695
As % of all contract IT jobs located in the UK 76.26% 74.95% 73.41%
Number of daily rates quoted 26500 24954 20813
Average daily rate £420 £400 £401
Average daily rate % change year-on-year
+5.00% -0.12%
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £575 £555 £575
UK excluding London average daily rate £398 £375 £363
% change year-on-year
+6.00% +3.44%
Number of hourly rates quoted 1204 1148 1126
Average hourly rate £29.00 £27.00 £32.00
Average hourly rate % change year-on-year
+7.40% -15.62%
90% offered a hourly rate of more than £12.10 £12.20 £13.00
10% offered a hourly rate of more than £49.50 £51.00 £51.23
UK excluding London average hourly rate £30.20 £27.50 £32.00
% change year-on-year
+9.81% -14.06%

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 1 April 2015.

Quantitative Risk Management Daily Rate Histogram in the UK

Quantitative Risk Management
Top 10 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 1 April 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 -26 23 £563 +7.14% 5
London -13 15 £575 +9.52% 2
Watford - - - -
Hertfordshire - - - -
Leicestershire - - - -
East Midlands - - - -
West Midlands - - - - 1
East of England - - - -
Birmingham - - - - 1
Leicester - - - -

Quantitative Risk Management
Top 30 Related IT Skills

For the 6 months to 1 April 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 28 (68.29%) Banking
2 21 (51.22%) Finance
3 15 (36.59%) Retail
3 15 (36.59%) Risk Management
4 11 (26.83%) Data Warehouse
4 11 (26.83%) FTP
5 10 (24.39%) SQL
5 10 (24.39%) MS Excel
6 9 (21.95%) MS Office
6 9 (21.95%) Microsoft
6 9 (21.95%) Stakeholder Management
7 8 (19.51%) Degree
8 7 (17.07%) MBA
8 7 (17.07%) Data Analysis
8 7 (17.07%) CFA
9 6 (14.63%) Data Modelling
9 6 (14.63%) MCT
9 6 (14.63%) Market Risk
10 5 (12.20%) Validation
10 5 (12.20%) Analytical Skills
10 5 (12.20%) Business Analysis
11 4 (9.76%) Retail Banking
11 4 (9.76%) SAS
11 4 (9.76%) Front Office
11 4 (9.76%) Regression Testing
11 4 (9.76%) Stress Testing
11 4 (9.76%) Financial Modelling
12 3 (7.32%) Credit Risk
12 3 (7.32%) HP Quality Center
12 3 (7.32%) Business Objects

Quantitative Risk Management
Top Related IT Skills by Category

For the 6 months to 1 April 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 4 (9.76%) SAS
Applications
1 10 (24.39%) MS Excel
2 9 (21.95%) MS Office
3 2 (4.88%) SPSS
4 1 (2.44%) Spreadsheet
Communications & Networking
1 11 (26.83%) FTP
Database & Business Intelligence
1 11 (26.83%) Data Warehouse
2 1 (2.44%) Oracle Database
2 1 (2.44%) SQL Server
2 1 (2.44%) MS Access
General
1 28 (68.29%) Banking
2 21 (51.22%) Finance
3 15 (36.59%) Retail
4 4 (9.76%) Retail Banking
4 4 (9.76%) Front Office
5 3 (7.32%) Legal
6 2 (4.88%) Investment Banking
7 1 (2.44%) Financial Institution
Job Titles
1 30 (73.17%) Analyst
2 12 (29.27%) Business Analyst
3 6 (14.63%) Report Analyst
3 6 (14.63%) Senior Analyst
3 6 (14.63%) Developer
4 5 (12.20%) Data Analyst
5 4 (9.76%) Banking Business Analyst
6 3 (7.32%) Consultant
6 3 (7.32%) Senior Business Analyst
6 3 (7.32%) Risk Analyst
6 3 (7.32%) Senior Data Analyst
7 2 (4.88%) SQL Developer
7 2 (4.88%) Data Modeller
7 2 (4.88%) Quantitative Analyst
7 2 (4.88%) Senior Risk Analyst
7 2 (4.88%) Data Consultant
7 2 (4.88%) Test Analyst
7 2 (4.88%) Senior Consultant
7 2 (4.88%) Senior Data Modeller
8 1 (2.44%) Testing Analyst
Miscellaneous
1 6 (14.63%) Market Risk
2 5 (12.20%) Analytical Skills
3 3 (7.32%) Credit Risk
3 3 (7.32%) Derivative
3 3 (7.32%) Fixed Income
4 2 (4.88%) Management Information System
5 1 (2.44%) Mathematics
5 1 (2.44%) Statistics
5 1 (2.44%) Economics
Processes & Methodologies
1 15 (36.59%) Risk Management
2 9 (21.95%) Stakeholder Management
3 7 (17.07%) Data Analysis
4 6 (14.63%) Data Modelling
5 5 (12.20%) Validation
5 5 (12.20%) Business Analysis
6 4 (9.76%) Regression Testing
6 4 (9.76%) Stress Testing
6 4 (9.76%) Financial Modelling
7 3 (7.32%) Agile Software Development
7 3 (7.32%) Migration
8 2 (4.88%) Statistical Analysis
8 2 (4.88%) ETL
8 2 (4.88%) Project Management
8 2 (4.88%) Data Migration
8 2 (4.88%) Waterfall
9 1 (2.44%) Change Control
9 1 (2.44%) Test Strategy
9 1 (2.44%) Business Process Mapping
9 1 (2.44%) Test Planning
Programming Languages
1 10 (24.39%) SQL
Qualifications
1 8 (19.51%) Degree
2 7 (17.07%) MBA
2 7 (17.07%) CFA
3 6 (14.63%) MCT
Quality Assurance & Compliance
1 2 (4.88%) Sarbanes-Oxley
1 2 (4.88%) FINREP
1 2 (4.88%) Data Quality
2 1 (2.44%) COREP
2 1 (2.44%) QA
Systems Management
1 3 (7.32%) HP Quality Center
Vendors
1 9 (21.95%) Microsoft
2 3 (7.32%) Business Objects
3 2 (4.88%) Oracle
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Rate: £500 - £600 per day + competitive
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