Period
to 22 November 2017

The following table provides summary statistics for contract job vacancies advertised in England with a requirement for Stochastic Modelling skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Stochastic Modelling over the 6 months to 22 November 2017 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.

Stochastic Modelling
UK > England
6 months to
22 Nov 2017
Same period 2016 Same period 2015
Rank 802 853 -
Rank change year-on-year +51 - -
Contract jobs citing Stochastic Modelling 49 13 0
As % of all contract IT jobs advertised in England 0.052% 0.013% -
As % of the Processes & Methodologies category 0.061% 0.016% -
Number of daily rates quoted 40 10 0
England median daily rate £825 £850 -
Median daily rate % change year-on-year -2.94% - -
UK median daily rate £825 £850 -
% change year-on-year -2.94% - -
Number of hourly rates quoted 0 0 0
England median hourly rate - - -
UK median hourly rate - - -

Stochastic Modelling 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 England with a requirement for process or methodology skills.

All Process and Methodology Skills
England
Contract vacancies with a requirement for process or methodology skills 80305 82432 84439
As % of all contract IT jobs advertised in England 84.63% 84.16% 81.97%
Number of daily rates quoted 54036 54950 55644
England median daily rate £450 £425 £423
Median daily rate % change year-on-year +5.88% +0.47% +5.75%
10th Percentile £288 £265 £263
90th Percentile £638 £613 £600
UK median daily rate £450 £425 £413
% change year-on-year +5.88% +2.91% +3.25%
Number of hourly rates quoted 1882 2137 2504
England median hourly rate £24.00 £24.43 £22.50
Median hourly rate % change year-on-year -1.76% +8.58% +18.42%
10th Percentile £11.43 £11.50 £11.26
90th Percentile £50.00 £48.75 £47.50
UK median hourly rate £23.63 £24.00 £22.50
% change year-on-year -1.56% +6.67% +18.42%

Stochastic Modelling
Job Vacancy Trend in England

Job postings citing Stochastic Modelling as a percentage of all IT jobs advertised in England.

Job vacancy trend for Stochastic Modelling in England

Stochastic Modelling
Contractor Daily Rate Trend in England

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

Contractor daily rate trend for Stochastic Modelling in England

Stochastic Modelling
Contractor Daily Rate Histogram in England

The daily rate distribution of IT jobs citing Stochastic Modelling in England over the 6 months to 22 November 2017.

Contractor daily rate histogram for Stochastic Modelling in England

Stochastic Modelling
Contract Job Locations in England

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 England region over the 6 months to 22 November 2017. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London -2 38 £825 -2.94% 1
South East +16 8 £488 -
West Midlands +28 3 £475 +18.75%
Midlands +25 3 £475 +18.75%
Stochastic Modelling
UK

For the 6 months to 22 November 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 across the England region with a requirement for Stochastic Modelling.

1 45 (91.84%) Finance
2 40 (81.63%) Mathematics
3 37 (75.51%) Physics
4 35 (71.43%) Validation
5 34 (69.39%) C#
5 34 (69.39%) C++
5 34 (69.39%) Derivative
5 34 (69.39%) Quantitative Finance
6 33 (67.35%) QA
7 32 (65.31%) Benchmarking
7 32 (65.31%) Internal Audit
8 21 (42.86%) Credit Risk
9 20 (40.82%) Credit Risk Modelling
10 14 (28.57%) PnL Attribution
10 14 (28.57%) Market Risk
10 14 (28.57%) Front Office
10 14 (28.57%) SQL
11 8 (16.33%) Drools
11 8 (16.33%) KnockoutJS
11 8 (16.33%) Java EE
11 8 (16.33%) Ubuntu
11 8 (16.33%) jBPM
11 8 (16.33%) Maven
11 8 (16.33%) Agile Software Development
11 8 (16.33%) Debian
11 8 (16.33%) Scrum
11 8 (16.33%) Eclipse
11 8 (16.33%) HTML
11 8 (16.33%) Java
11 8 (16.33%) JavaScript

Stochastic Modelling
Co-occurring IT Skills in England 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 8 (16.33%) Apache
1 8 (16.33%) Tomcat
2 3 (6.12%) Apache Spark
3 1 (2.04%) SAS
Database & Business Intelligence
1 8 (16.33%) MySQL
2 3 (6.12%) Apache Cassandra
2 3 (6.12%) Data Mining
2 3 (6.12%) MongoDB
2 3 (6.12%) NoSQL
Development Applications
1 8 (16.33%) Eclipse
1 8 (16.33%) Jenkins
1 8 (16.33%) Maven
General
1 45 (91.84%) Finance
2 14 (28.57%) Front Office
3 1 (2.04%) Banking
3 1 (2.04%) Investment Banking
Job Titles
1 38 (77.55%) Analyst
1 38 (77.55%) Qualitative Analyst
1 38 (77.55%) Quantitative Analyst
2 34 (69.39%) Quantitative Risk Analyst
2 34 (69.39%) Risk Analyst
3 20 (40.82%) Credit Analyst
3 20 (40.82%) Credit Risk Analyst
4 13 (26.53%) Market Risk Analyst
4 13 (26.53%) Pricing Analyst
5 8 (16.33%) Developer
5 8 (16.33%) Java Developer
6 4 (8.16%) HTML CSS Developer
6 4 (8.16%) HTML Developer
6 4 (8.16%) Java Web Developer
6 4 (8.16%) Senior Analyst
6 4 (8.16%) Senior Quantitative Analyst
6 4 (8.16%) SQL Developer
6 4 (8.16%) Web Developer
7 3 (6.12%) Data Scientist
8 2 (4.08%) Full Stack Developer
Libraries, Frameworks & Software Standards
1 8 (16.33%) AngularJS
1 8 (16.33%) CSS
1 8 (16.33%) Drools
1 8 (16.33%) HTML
1 8 (16.33%) Java EE
1 8 (16.33%) jBPM
1 8 (16.33%) KnockoutJS
1 8 (16.33%) Polymer
1 8 (16.33%) React
1 8 (16.33%) XML
Miscellaneous
1 34 (69.39%) Derivative
2 21 (42.86%) Credit Risk
3 14 (28.57%) Market Risk
4 3 (6.12%) Algorithms
4 3 (6.12%) Analytical Skills
4 3 (6.12%) Computer Science
4 3 (6.12%) Foreign Exchange (FX)
Operating Systems
1 8 (16.33%) Debian
1 8 (16.33%) Linux
1 8 (16.33%) Ubuntu
1 8 (16.33%) Unix
Processes & Methodologies
1 40 (81.63%) Mathematics
2 37 (75.51%) Physics
3 35 (71.43%) Validation
4 34 (69.39%) Quantitative Finance
5 32 (65.31%) Benchmarking
5 32 (65.31%) Internal Audit
6 20 (40.82%) Credit Risk Modelling
7 14 (28.57%) PnL Attribution
8 8 (16.33%) Agile Software Development
8 8 (16.33%) Scrum
9 6 (12.24%) Cluster Analysis
10 4 (8.16%) Data Modelling
10 4 (8.16%) Machine Learning
10 4 (8.16%) Web Development
11 3 (6.12%) Decision Tree
11 3 (6.12%) GARCH
11 3 (6.12%) Monte Carlo Method
11 3 (6.12%) Neural Network
11 3 (6.12%) Regression Analysis
11 3 (6.12%) Statistics
Programming Languages
1 34 (69.39%) C#
1 34 (69.39%) C++
2 14 (28.57%) SQL
3 8 (16.33%) Java
3 8 (16.33%) JavaScript
4 4 (8.16%) Python
5 3 (6.12%) R
5 3 (6.12%) Ruby
5 3 (6.12%) VB
Qualifications
1 3 (6.12%) Degree
Quality Assurance & Compliance
1 33 (67.35%) QA