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 2 July 2016 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
2 Jul 2016
Same period 2015 Same period 2014
Stochastic Modelling
Rank - - 633
Contract jobs citing Stochastic Modelling 0 0 1
As % of all contract IT jobs located in the UK - - 0.002%
As % of the Processes & Methodologies category - - 0.002%
Number of daily rates quoted 0 0 1
Median daily rate - - £850
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
43978 44628 42245
As % of all contract IT jobs located in the UK 82.28% 79.70% 78.42%
Number of daily rates quoted 29175 28724 26404
Median daily rate £438 £413 £400
Median daily rate % change year-on-year
+6.06% +3.12%
90% offered a daily rate of more than £295 £285 £275
10% offered a daily rate of more than £600 £575 £570
UK excluding London median daily rate £400 £385 £375
% change year-on-year
+3.89% +2.66%
Number of hourly rates quoted 1046 1200 1239
Median hourly rate £28.00 £29.00 £27.00
Median hourly rate % change year-on-year
-3.44% +7.40%
90% offered a hourly rate of more than £13.00 £12.40 £13.00
10% offered a hourly rate of more than £47.83 £50.00 £47.50
UK excluding London median hourly rate £28.50 £30.00 £28.91
% change year-on-year
-5.00% +3.77%

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