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 18 January 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
18 Jan 2017
Same period 2016 Same period 2015
Stochastic Modelling
UK
Rank 588 - -
Rank change year-on-year
- 0
Contract jobs citing Stochastic Modelling 12 0 0
As % of all contract IT jobs located in the UK 0.027% - -
As % of the Processes & Methodologies category 0.033% - -
Number of daily rates quoted 12 0 0
Median daily rate £825 - -
UK excluding London median daily rate £700 - -
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
36851 41553 39200
As % of all contract IT jobs located in the UK 82.17% 81.71% 78.55%
Number of daily rates quoted 24406 26875 25353
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 £293 £283
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £410 £400 £390
% change year-on-year
+2.50% +2.56%
Number of hourly rates quoted 941 1218 1044
Median hourly rate £33.28 £37.50 £25.00
Median hourly rate % change year-on-year
-11.25% +50.00%
90% offered a hourly rate of more than £12.50 £13.00 £12.00
10% offered a hourly rate of more than £50.00 £55.00 £47.50
UK excluding London median hourly rate £34.75 £39.00 £25.50
% change year-on-year
-10.89% +52.94%

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
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Stochastic Modelling within the UK over the 3 months to 18 January 2017.

Stochastic Modelling Daily Rate Histogram in the UK

Stochastic Modelling
Top 5 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 18 January 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
England - 12 £825 -
London - 11 £825 -
South West - 1 £700 -
City of London - 1 £850 -
Bristol - 1 £700 -

Stochastic Modelling
Top 30 Related IT Skills

For the 6 months to 18 January 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 18 (94.74%) Finance
1 18 (94.74%) Mathematics
2 16 (84.21%) Physics
3 15 (78.95%) Market Risk
3 15 (78.95%) Derivative
3 15 (78.95%) C#
3 15 (78.95%) C++
3 15 (78.95%) Quantitative Finance
4 13 (68.42%) PnL Attribution
5 9 (47.37%) Java
6 7 (36.84%) QA
6 7 (36.84%) Statistical Analysis
6 7 (36.84%) Subversion
6 7 (36.84%) Validation
6 7 (36.84%) OOP
6 7 (36.84%) OO
7 6 (31.58%) Front Office
8 5 (26.32%) Continuous Integration
8 5 (26.32%) Risk Management
9 3 (15.79%) SQL
9 3 (15.79%) Computer Science
9 3 (15.79%) Degree
10 2 (10.53%) Web Development
10 2 (10.53%) Java EE
10 2 (10.53%) Ubuntu
10 2 (10.53%) Software Engineering
10 2 (10.53%) Maven
10 2 (10.53%) Agile Software Development
10 2 (10.53%) KnockoutJS
10 2 (10.53%) Eclipse

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 2 (10.53%) Apache
1 2 (10.53%) Tomcat
Database & Business Intelligence
1 2 (10.53%) MySQL
2 1 (5.26%) MongoDB
2 1 (5.26%) NoSQL
Development Applications
1 7 (36.84%) Subversion
2 2 (10.53%) Eclipse
2 2 (10.53%) Jenkins
2 2 (10.53%) Maven
General
1 18 (94.74%) Finance
2 6 (31.58%) Front Office
3 1 (5.26%) Banking
Job Titles
1 10 (52.63%) Developer
2 8 (42.11%) Analyst
2 8 (42.11%) Qualitative Analyst
2 8 (42.11%) Quantitative Analyst
2 8 (42.11%) Quantitative Developer
2 8 (42.11%) Quantitative Risk Analyst
2 8 (42.11%) Risk Analyst
3 7 (36.84%) Market Risk Analyst
3 7 (36.84%) Statistical Analyst
4 6 (31.58%) C# Developer
4 6 (31.58%) C# Quant Developer
5 5 (26.32%) C++ Developer
5 5 (26.32%) C++ Quantitative Developer
5 5 (26.32%) C++/C# Developer
5 5 (26.32%) Market Risk C++ Developer
5 5 (26.32%) Market Risk Developer
6 4 (21.05%) C# Developer - Commodities
6 4 (21.05%) Java Developer
7 2 (10.53%) Java Quantitative Developer
7 2 (10.53%) Market Risk Java Developer
Libraries, Frameworks & Software Standards
1 2 (10.53%) AngularJS
1 2 (10.53%) CSS
1 2 (10.53%) HTML
1 2 (10.53%) Java EE
1 2 (10.53%) KnockoutJS
1 2 (10.53%) Polymer
1 2 (10.53%) React
1 2 (10.53%) XML
Miscellaneous
1 18 (94.74%) Mathematics
2 16 (84.21%) Physics
3 15 (78.95%) Derivative
3 15 (78.95%) Market Risk
4 3 (15.79%) Computer Science
5 2 (10.53%) Foreign Exchange (FX)
6 1 (5.26%) Algorithms
6 1 (5.26%) Analytical Skills
6 1 (5.26%) Credit Risk
6 1 (5.26%) Fintech
6 1 (5.26%) Fixed Income
6 1 (5.26%) Neural Network
Operating Systems
1 2 (10.53%) Debian
1 2 (10.53%) Linux
1 2 (10.53%) Ubuntu
1 2 (10.53%) Unix
Processes & Methodologies
1 15 (78.95%) Quantitative Finance
2 13 (68.42%) PnL Attribution
3 7 (36.84%) OO
3 7 (36.84%) OOP
3 7 (36.84%) Statistical Analysis
3 7 (36.84%) Validation
4 5 (26.32%) Continuous Integration
4 5 (26.32%) Risk Management
5 2 (10.53%) Agile Software Development
5 2 (10.53%) Analytics
5 2 (10.53%) Scrum
5 2 (10.53%) Software Engineering
5 2 (10.53%) Web Development
6 1 (5.26%) Cluster Analysis
6 1 (5.26%) CRM
6 1 (5.26%) Data Modelling
6 1 (5.26%) Machine Learning
6 1 (5.26%) Risk Analytics
Programming Languages
1 15 (78.95%) C#
1 15 (78.95%) C++
2 9 (47.37%) Java
3 3 (15.79%) SQL
4 2 (10.53%) JavaScript
5 1 (5.26%) Python
5 1 (5.26%) R
5 1 (5.26%) Ruby
5 1 (5.26%) VB
5 1 (5.26%) VBA
Qualifications
1 3 (15.79%) Degree
2 1 (5.26%) PhD
Quality Assurance & Compliance
1 7 (36.84%) QA
2 1 (5.26%) Solvency II