Statistical Modelling Contracts

Statistical Modelling
UK

The following table provides summary statistics for contract job vacancies with a requirement for Statistical Modelling skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Statistical Modelling over the 6 months to 3 June 2024 with a comparison to the same period in the previous 2 years.

6 months to
3 Jun 2024
Same period 2023 Same period 2022
Rank 542 640 723
Rank change year-on-year +98 +83 -120
Contract jobs citing Statistical Modelling 45 49 128
As % of all contract jobs advertised in the UK 0.10% 0.087% 0.14%
As % of the Processes & Methodologies category 0.12% 0.097% 0.16%
Number of daily rates quoted 25 28 85
10th Percentile £215 £377 £155
25th Percentile £413 £502 £450
Median daily rate (50th Percentile) £515 £600 £550
Median % change year-on-year -14.17% +9.09% -
75th Percentile £606 £1,056 £625
90th Percentile £847 £1,187 £652
UK excluding London median daily rate £520 £650 £500
% change year-on-year -20.00% +30.00% -8.26%
Number of hourly rates quoted 8 0 4
10th Percentile £20.91 - -
25th Percentile £21.25 - -
Median hourly rate £22.54 - £19.52
75th Percentile £23.97 - -
90th Percentile £24.97 - -
UK excluding London median hourly rate £23.22 - £19.52
% change year-on-year - - +15.09%

All Process and Methodology Skills
UK

Statistical 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 36,603 50,558 80,022
As % of all contract IT jobs advertised in the UK 85.40% 89.70% 90.64%
Number of daily rates quoted 23,483 35,017 56,266
10th Percentile £300 £325 £350
25th Percentile £413 £438 £433
Median daily rate (50th Percentile) £525 £550 £538
Median % change year-on-year -4.55% +2.33% +7.50%
75th Percentile £638 £650 £644
90th Percentile £750 £750 £738
UK excluding London median daily rate £500 £500 £488
% change year-on-year - +2.56% +8.33%
Number of hourly rates quoted 2,521 1,671 1,882
10th Percentile £12.75 £10.63 £12.50
25th Percentile £16.00 £15.57 £15.50
Median hourly rate £36.50 £36.00 £25.68
Median % change year-on-year +1.39% +40.19% +10.45%
75th Percentile £60.75 £65.00 £50.00
90th Percentile £72.50 £75.00 £65.00
UK excluding London median hourly rate £38.12 £35.00 £20.00
% change year-on-year +8.91% +75.00% -4.76%

Statistical Modelling
Job Vacancy Trend

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

Job vacancy trend for Statistical Modelling in the UK

Statistical Modelling
Contractor Daily Rate Trend

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

Daily rate trend for Statistical Modelling in the UK

Statistical Modelling
Daily Rate Histogram

Daily rate distribution for jobs citing Statistical Modelling over the 6 months to 3 June 2024.

Daily rate histogram for Statistical Modelling in the UK

Statistical Modelling
Contractor Hourly Rate Trend

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

Hourly rate trend for Statistical Modelling in the UK

Statistical Modelling
Top 11 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Statistical Modelling within the UK over the 6 months to 3 June 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 +82 35 £508 -15.42% 108
London +89 23 £500 -23.08% 70
Work from Home +128 20 £325 -44.68% 42
UK excluding London +51 12 £520 -20.00% 41
South East +17 4 - - 15
Wales - 3 £481 - 2
North of England +23 2 £520 -20.00% 7
North West +6 2 £520 -20.00% 2
Scotland +46 1 - - 4
South West +9 1 - - 4
East of England +6 1 - - 4

Statistical 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:

Application Platforms
1 8 (17.78%) SAS
2 3 (6.67%) Apache Spark
3 2 (4.44%) Jupyter
4 1 (2.22%) SharePoint
Applications
1 9 (20.00%) Microsoft Excel
2 8 (17.78%) SPSS
3 2 (4.44%) Microsoft PowerPoint
4 1 (2.22%) Microsoft Project
4 1 (2.22%) MS Visio
4 1 (2.22%) Spreadsheet
Business Applications
1 1 (2.22%) SAP IBP
Cloud Services
1 9 (20.00%) Azure
2 7 (15.56%) Power Platform
3 4 (8.89%) AWS
4 3 (6.67%) GCP
4 3 (6.67%) Microsoft 365
5 1 (2.22%) Amazon SageMaker
5 1 (2.22%) ChatGPT
5 1 (2.22%) Cloud Computing
5 1 (2.22%) WhatsApp
Database & Business Intelligence
1 7 (15.56%) Power BI
2 6 (13.33%) Data Mining
3 3 (6.67%) BusinessObjects XI
3 3 (6.67%) Power Query
3 3 (6.67%) PowerPivot
3 3 (6.67%) SAS Enterprise Guide
4 2 (4.44%) KDB
5 1 (2.22%) Big Data
5 1 (2.22%) BigQuery
5 1 (2.22%) Looker
5 1 (2.22%) MongoDB
5 1 (2.22%) NoSQL
5 1 (2.22%) Qlik Sense
5 1 (2.22%) Tableau
Development Applications
1 10 (22.22%) Git
2 3 (6.67%) Visual Studio
3 1 (2.22%) RStudio
3 1 (2.22%) Team Foundation Server
General
1 14 (31.11%) Analytical Skills
2 10 (22.22%) Social Skills
3 5 (11.11%) Finance
3 5 (11.11%) Marketing
4 4 (8.89%) Local Government
5 3 (6.67%) Public Sector
6 2 (4.44%) Manufacturing
7 1 (2.22%) Advertising
7 1 (2.22%) Inclusion and Diversity
7 1 (2.22%) Pharmaceutical
7 1 (2.22%) Presentation Skills
7 1 (2.22%) Publishing
Job Titles
1 22 (48.89%) Data Scientist
2 4 (8.89%) Lead
2 4 (8.89%) Senior
2 4 (8.89%) Senior Data Scientist
3 3 (6.67%) Analyst
3 3 (6.67%) Business Manager
3 3 (6.67%) Data Analyst
3 3 (6.67%) Developer
3 3 (6.67%) Insight Manager
3 3 (6.67%) Performance Manager
4 2 (4.44%) Consultant
4 2 (4.44%) Econometrician
5 1 (2.22%) Automation Tester
5 1 (2.22%) C# Developer
5 1 (2.22%) Lead Architect
5 1 (2.22%) Lead Solutions Architect
5 1 (2.22%) Marketing Analyst
5 1 (2.22%) Marketing Data Analyst
5 1 (2.22%) Solutions Architect
5 1 (2.22%) WPF Developer
Libraries, Frameworks & Software Standards
1 5 (11.11%) Pandas
2 2 (4.44%) .NET
2 2 (4.44%) JSON
2 2 (4.44%) NumPy
2 2 (4.44%) REST
2 2 (4.44%) Swagger
2 2 (4.44%) YAML
3 1 (2.22%) .NET Framework
3 1 (2.22%) D3.js
3 1 (2.22%) Entity Framework
3 1 (2.22%) Managed Extensibility Framework
3 1 (2.22%) Matplotlib
3 1 (2.22%) Plotly
3 1 (2.22%) PySpark
3 1 (2.22%) scikit-learn
3 1 (2.22%) SciPy
3 1 (2.22%) Shiny
3 1 (2.22%) Silverlight
3 1 (2.22%) WCF
3 1 (2.22%) WPF
Miscellaneous
1 14 (31.11%) Algorithms
2 4 (8.89%) Social Media
3 3 (6.67%) Credit Risk
3 3 (6.67%) Linked Data
3 3 (6.67%) Management Information System
3 3 (6.67%) Multi-touch
4 2 (4.44%) Data Protection Act
4 2 (4.44%) Fixed Income
4 2 (4.44%) Self-Motivation
5 1 (2.22%) Blog
Operating Systems
1 1 (2.22%) Windows
Processes & Methodologies
1 28 (62.22%) Data Science
2 21 (46.67%) Mathematics
3 19 (42.22%) Data Analysis
4 18 (40.00%) Machine Learning
5 16 (35.56%) Computer Science
5 16 (35.56%) Statistics
6 12 (26.67%) Decision-Making
7 10 (22.22%) Business Intelligence
8 9 (20.00%) Visualisation
9 8 (17.78%) Analytics
10 7 (15.56%) Bayesian Methods
10 7 (15.56%) Data Visualisation
10 7 (15.56%) Physics
10 7 (15.56%) Statistical Analysis
10 7 (15.56%) Time Series Analysis
11 6 (13.33%) Artificial Intelligence
11 6 (13.33%) Data Pipeline
11 6 (13.33%) Problem-Solving
11 6 (13.33%) Validation
12 5 (11.11%) Data Collection
Programming Languages
1 34 (75.56%) Python
2 20 (44.44%) R
3 18 (40.00%) SQL
4 5 (11.11%) C#
5 3 (6.67%) Java
6 1 (2.22%) C++
6 1 (2.22%) MATLAB
6 1 (2.22%) XAML
Qualifications
1 18 (40.00%) Degree
2 8 (17.78%) PhD
3 6 (13.33%) Master's Degree
4 3 (6.67%) Computer Science Degree
4 3 (6.67%) SC Cleared
4 3 (6.67%) Security Cleared
5 2 (4.44%) Numerate Degree
6 1 (2.22%) BPSS Clearance
Quality Assurance & Compliance
1 5 (11.11%) Data Quality
2 2 (4.44%) QA
System Software
1 1 (2.22%) Docker
Vendors
1 5 (11.11%) Microsoft
2 3 (6.67%) Salesforce
3 2 (4.44%) Google
4 1 (2.22%) Adobe
4 1 (2.22%) Cognos
4 1 (2.22%) JDA
4 1 (2.22%) SAP