The table below looks at the statistics for Stochastic Modelling skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Stochastic Modelling over the 3 months to 23 February 2017 with a comparison to the same period over 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.

3 months to
23 Feb 2017
Same period 2016 Same period 2015
Stochastic Modelling
UK
Rank 590 - -
Rank change year-on-year
- 0
Contract jobs citing Stochastic Modelling 5 0 0
As % of all contract IT jobs located in the UK 0.011% - -
As % of the Processes & Methodologies category 0.013% - -
Number of daily rates quoted 5 0 0
Median daily rate £825 - -
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
37558 43101 41682
As % of all contract IT jobs located in the UK 82.77% 82.82% 79.38%
Number of daily rates quoted 24946 28188 26403
Median daily rate £450 £425 £423
Median daily rate % change year-on-year
+5.88% +0.59%
90% offered a daily rate of more than £300 £295 £280
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £410 £400 £400
% change year-on-year
+2.50% -
Number of hourly rates quoted 952 1185 1115
Median hourly rate £35.75 £38.05 £26.00
Median hourly rate % change year-on-year
-6.04% +46.34%
90% offered a hourly rate of more than £13.00 £13.00 £12.00
10% offered a hourly rate of more than £55.00 £57.00 £47.50
UK excluding London median hourly rate £36.00 £40.00 £27.50
% change year-on-year
-10.00% +45.45%

Stochastic Modelling
Jobs Demand Trend

The demand trend of contract jobs citing Stochastic Modelling as a proportion of all IT contracts with a match in 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 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Stochastic Modelling within the UK over the 3 months to 23 February 2017. 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 Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London - 5 £825 -
England - 5 £825 -

Stochastic Modelling
Top 30 Related IT Skills

For the 6 months to 23 February 2017, IT contractor jobs citing Stochastic Modelling also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Stochastic Modelling.

1 17 (94.44%) Finance
1 17 (94.44%) Mathematics
2 16 (88.89%) Physics
3 15 (83.33%) Derivative
3 15 (83.33%) Market Risk
3 15 (83.33%) C#
3 15 (83.33%) C++
3 15 (83.33%) Quantitative Finance
4 13 (72.22%) PnL Attribution
5 8 (44.44%) Java
6 7 (38.89%) Subversion
6 7 (38.89%) QA
6 7 (38.89%) Statistical Analysis
6 7 (38.89%) Validation
6 7 (38.89%) OOP
6 7 (38.89%) OO
7 6 (33.33%) Front Office
8 5 (27.78%) Continuous Integration
8 5 (27.78%) Risk Management
9 2 (11.11%) Foreign Exchange (FX)
9 2 (11.11%) SQL
9 2 (11.11%) Computer Science
9 2 (11.11%) Degree
9 2 (11.11%) Analytics
10 1 (5.56%) Jenkins
10 1 (5.56%) Polymer
10 1 (5.56%) Analytical Skills
10 1 (5.56%) Algorithms
10 1 (5.56%) React
10 1 (5.56%) IFRS

Stochastic Modelling
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 1 (5.56%) Apache
1 1 (5.56%) Tomcat
Database & Business Intelligence
1 1 (5.56%) MongoDB
1 1 (5.56%) MySQL
1 1 (5.56%) NoSQL
Development Applications
1 7 (38.89%) Subversion
2 1 (5.56%) Eclipse
2 1 (5.56%) Jenkins
2 1 (5.56%) Maven
General
1 17 (94.44%) Finance
2 6 (33.33%) Front Office
3 1 (5.56%) Banking
Job Titles
1 9 (50.00%) Developer
2 8 (44.44%) Analyst
2 8 (44.44%) Qualitative Analyst
2 8 (44.44%) Quantitative Analyst
2 8 (44.44%) Quantitative Developer
2 8 (44.44%) Quantitative Risk Analyst
2 8 (44.44%) Risk Analyst
3 7 (38.89%) Market Risk Analyst
3 7 (38.89%) Statistical Analyst
4 6 (33.33%) C# Developer
4 6 (33.33%) C# Quant Developer
5 5 (27.78%) C++ Developer
5 5 (27.78%) C++ Quantitative Developer
5 5 (27.78%) C++/C# Developer
5 5 (27.78%) Market Risk C++ Developer
5 5 (27.78%) Market Risk Developer
6 4 (22.22%) C# Developer - Commodities
7 3 (16.67%) Java Developer
8 2 (11.11%) C++/Java Developer
8 2 (11.11%) Market Risk Java Developer
Libraries, Frameworks & Software Standards
1 1 (5.56%) AngularJS
1 1 (5.56%) CSS
1 1 (5.56%) HTML
1 1 (5.56%) Java EE
1 1 (5.56%) KnockoutJS
1 1 (5.56%) Polymer
1 1 (5.56%) React
1 1 (5.56%) XML
Miscellaneous
1 15 (83.33%) Derivative
1 15 (83.33%) Market Risk
2 2 (11.11%) Computer Science
2 2 (11.11%) Foreign Exchange (FX)
3 1 (5.56%) Algorithms
3 1 (5.56%) Analytical Skills
3 1 (5.56%) Credit Risk
3 1 (5.56%) Fixed Income
Operating Systems
1 1 (5.56%) Debian
1 1 (5.56%) Linux
1 1 (5.56%) Ubuntu
1 1 (5.56%) Unix
Processes & Methodologies
1 17 (94.44%) Mathematics
2 16 (88.89%) Physics
3 15 (83.33%) Quantitative Finance
4 13 (72.22%) PnL Attribution
5 7 (38.89%) OO
5 7 (38.89%) OOP
5 7 (38.89%) Statistical Analysis
5 7 (38.89%) Validation
6 5 (27.78%) Continuous Integration
6 5 (27.78%) Risk Management
7 2 (11.11%) Analytics
8 1 (5.56%) Agile Software Development
8 1 (5.56%) Cluster Analysis
8 1 (5.56%) CRM
8 1 (5.56%) Machine Learning
8 1 (5.56%) Neural Network
8 1 (5.56%) Risk Analytics
8 1 (5.56%) Scrum
8 1 (5.56%) Software Engineering
8 1 (5.56%) Web Development
Programming Languages
1 15 (83.33%) C#
1 15 (83.33%) C++
2 8 (44.44%) Java
3 2 (11.11%) SQL
4 1 (5.56%) JavaScript
4 1 (5.56%) Python
4 1 (5.56%) R
4 1 (5.56%) Ruby
4 1 (5.56%) VB
4 1 (5.56%) VBA
Qualifications
1 2 (11.11%) Degree
2 1 (5.56%) PhD
Quality Assurance & Compliance
1 7 (38.89%) QA
2 1 (5.56%) IFRS
2 1 (5.56%) Solvency II