Period
to 18 January 2022

The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for Bayesian Methods skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Bayesian Methods over the 6 months to 18 January 2022 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Bayesian Techniques (including Bayesian Networks, Statistics and Modelling)
Central London > City of London
6 months to
18 Jan 2022
Same period 2021 Same period 2020
Rank 181 - 198
Rank change year-on-year - - +49
Contract jobs citing Bayesian Methods 6 0 1
As % of all contract jobs advertised in the City of London 0.15% - 0.020%
As % of the Processes & Methodologies category 0.17% - 0.023%
Number of daily rates quoted 5 0 1
10th Percentile £603 - -
25th Percentile £606 - £688
Median daily rate (50th Percentile) £625 - £725
Median % change year-on-year - - +45.00%
75th Percentile £638 - £763
90th Percentile - - -
Central London median daily rate £625 - £725
% change year-on-year - - +45.00%

Bayesian Methods 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 advertised in the City of London with a requirement for process or methodology skills.

All Process and Methodology Skills
City of London
Contract vacancies with a requirement for process or methodology skills 3,629 1,840 4,405
As % of all contract IT jobs advertised in the City of London 90.73% 90.15% 89.33%
Number of daily rates quoted 2,818 1,376 3,460
10th Percentile £370 £313 £320
25th Percentile £469 £413 £413
Median daily rate (50th Percentile) £550 £525 £513
Median % change year-on-year +4.76% +2.44% -
75th Percentile £660 £600 £605
90th Percentile £750 £688 £675
Central London median daily rate £550 £515 £510
% change year-on-year +6.80% +0.98% -0.49%
Number of hourly rates quoted 36 23 49
10th Percentile £19.13 £13.63 £12.03
25th Percentile £30.00 £19.50 £14.25
Median hourly rate £43.25 £26.50 £20.00
Median % change year-on-year +63.21% +32.50% +5.26%
75th Percentile £61.75 £36.38 £25.76
90th Percentile £64.25 £46.00 £52.25
Central London median hourly rate £43.25 £27.00 £20.42
% change year-on-year +60.19% +32.26% +6.05%

Bayesian Methods
Job Vacancy Trend in the City of London

Job postings citing Bayesian Methods as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Bayesian Methods in the City of London

Bayesian Methods
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Bayesian Methods in the City of London.

Daily rate trend for Bayesian Methods in the City of London

For the 6 months to 18 January 2022, IT contractor jobs citing Bayesian Methods also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region with a requirement for Bayesian Methods.

1 6 (100.00%) Python
1 6 (100.00%) Degree
1 6 (100.00%) Statistics
1 6 (100.00%) Data Science
2 5 (83.33%) Natural Language Processing
2 5 (83.33%) Analytics
2 5 (83.33%) Algorithms
2 5 (83.33%) Mathematics
2 5 (83.33%) Computer Science
2 5 (83.33%) Asset Management
3 4 (66.67%) Artificial Intelligence
3 4 (66.67%) Analytical Skills
3 4 (66.67%) Banking
3 4 (66.67%) Matplotlib
3 4 (66.67%) Data Cleansing
3 4 (66.67%) PyMC3
4 3 (50.00%) Actionable Insight
5 1 (16.67%) Digital Analytics
5 1 (16.67%) Deep Learning
5 1 (16.67%) Visualisation
5 1 (16.67%) R
5 1 (16.67%) Marketing
5 1 (16.67%) Data Quality
5 1 (16.67%) Neo4j
5 1 (16.67%) Machine Learning
5 1 (16.67%) Neural Network
5 1 (16.67%) Data Analysis
5 1 (16.67%) SNOMED CT
5 1 (16.67%) Investment Management
5 1 (16.67%) CRM

Bayesian Methods
Co-occurring IT Skills in the City of London 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:

Database & Business Intelligence
1 1 (16.67%) Data Warehouse
1 1 (16.67%) Neo4j
General
1 4 (66.67%) Analytical Skills
1 4 (66.67%) Banking
2 1 (16.67%) Finance
2 1 (16.67%) Marketing
2 1 (16.67%) Presentation Skills
2 1 (16.67%) Social Skills
Job Titles
1 5 (83.33%) Data Scientist
2 1 (16.67%) Junior
2 1 (16.67%) Junior Data Scientist
2 1 (16.67%) Senior Statistician
2 1 (16.67%) Statistician
Libraries, Frameworks & Software Standards
1 4 (66.67%) Matplotlib
1 4 (66.67%) PyMC3
Miscellaneous
1 5 (83.33%) Algorithms
Processes & Methodologies
1 6 (100.00%) Data Science
1 6 (100.00%) Statistics
2 5 (83.33%) Analytics
2 5 (83.33%) Asset Management
2 5 (83.33%) Computer Science
2 5 (83.33%) Mathematics
2 5 (83.33%) Natural Language Processing
3 4 (66.67%) Artificial Intelligence
3 4 (66.67%) Data Cleansing
4 3 (50.00%) Actionable Insight
5 1 (16.67%) Data Sharing
5 1 (16.67%) Decision-Making
5 1 (16.67%) Deep Learning
5 1 (16.67%) Digital Analytics
5 1 (16.67%) Entity Linking
5 1 (16.67%) Investment Management
5 1 (16.67%) Problem-Solving
5 1 (16.67%) Reinforcement Learning
5 1 (16.67%) Task Automation
5 1 (16.67%) Visualisation
Programming Languages
1 6 (100.00%) Python
2 1 (16.67%) R
Qualifications
1 6 (100.00%) Degree
2 1 (16.67%) Master's Degree
2 1 (16.67%) PhD
Quality Assurance & Compliance
1 1 (16.67%) Data Quality
1 1 (16.67%) SNOMED CT
Vendors
1 1 (16.67%) Salesforce.com