The table below looks at the statistics for Stochastic Modelling skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Stochastic Modelling over the 3 months to 2 September 2014 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
2 Sep 2014
Same period 2013 Same period 2012
Stochastic Modeling
Rank - 582 583
Contract jobs citing Stochastic Modelling 0 1 5
As % of all contract IT jobs located in the UK - 0.002% 0.009%
As % of the Processes & Methodologies category - 0.003% 0.012%
Number of daily rates quoted 0 1 4
Average daily rate
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- £850 £370
Average daily rate % change year-on-year
- +129.72%
UK excluding London average daily rate - - £370
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
42045 39415 41397
As % of all contract IT jobs located in the UK 74.46% 73.73% 71.59%
Number of daily rates quoted 26091 24205 23959
Average daily rate £410 £400 £400
Average daily rate % change year-on-year
+2.50% -
90% offered a daily rate of more than £275 £275 £263
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £375 £370 £360
% change year-on-year
+1.35% +2.77%
Number of hourly rates quoted 1165 1093 1499
Average hourly rate £25.00 £29.00 £31.00
Average hourly rate % change year-on-year
-13.79% -6.45%
90% offered a hourly rate of more than £12.50 £12.50 £13.00
10% offered a hourly rate of more than £50.45 £50.00 £45.00
UK excluding London average hourly rate £26.50 £30.00 £31.00
% change year-on-year
-11.66% -3.22%

Stochastic Modelling
Jobs Demand Trend

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

Stochastic Modelling Jobs Demand Trend in the UK

Stochastic Modelling
Daily Rate Trend

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

Stochastic Modelling Daily Rate Trend in the UK

Stochastic Modelling
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Stochastic Modelling within the UK over the 3 months to 2 September 2014. 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
London - - - -
City of London - - - -
England - - - - 1

Stochastic Modelling
Top 15 Related IT Skills

For the 6 months to 2 September 2014, IT contractor jobs within the UK citing Stochastic Modelling 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 Stochastic Modelling.

1 1 (100.00%) C
1 1 (100.00%) VBA
1 1 (100.00%) PhD
1 1 (100.00%) IBM
1 1 (100.00%) Risk Management
1 1 (100.00%) Finance
1 1 (100.00%) Migration
1 1 (100.00%) Banking
1 1 (100.00%) Investment Banking
1 1 (100.00%) Statistics
1 1 (100.00%) Mathematics
1 1 (100.00%) Physics
1 1 (100.00%) Credit Risk
1 1 (100.00%) Market Risk
1 1 (100.00%) Statistical Modelling

Stochastic Modelling
Top Related IT Skills by Category

For the 6 months to 2 September 2014, IT contractor jobs within the UK citing Stochastic Modelling 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 Stochastic Modelling. Up to 20 skills are shown per category.

General
1 1 (100.00%) Finance
1 1 (100.00%) Banking
1 1 (100.00%) Investment Banking
Miscellaneous
1 1 (100.00%) Statistics
1 1 (100.00%) Mathematics
1 1 (100.00%) Physics
1 1 (100.00%) Credit Risk
1 1 (100.00%) Market Risk
Processes & Methodologies
1 1 (100.00%) Risk Management
1 1 (100.00%) Migration
1 1 (100.00%) Statistical Modelling
Programming Languages
1 1 (100.00%) C
1 1 (100.00%) VBA
Qualifications
1 1 (100.00%) PhD
Vendors
1 1 (100.00%) IBM