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 3 months to 26 March 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.

3 months to
26 Mar 2017
Same period 2016 Same period 2015
Stochastic Modelling
UK / England
Rank 573 - -
Rank change year-on-year - 0  
Contract jobs citing Stochastic Modelling 1 0 0
As % of all contract IT jobs advertised in England 0.002% - -
As % of the Processes & Methodologies category 0.003% - -
Number of daily rates quoted 1 0 0
Median daily rate £625 - -
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Stochastic Modelling is in the process and methodology skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in England with a requirement for process and methodology skills.

Contract Process & Methodology Skills
England
Contract job vacancies with a requirement for process and methodology skills 34360 40698 38684
As % of all contract IT job vacancies advertised in England 83.28% 82.96% 80.02%
Number of daily rates quoted 22779 27017 24364
Median daily rate £450 £438 £425
Median daily rate % change year-on-year +2.85% +2.94%  
90% offered a daily rate of more than £300 £300 £280
10% offered a daily rate of more than £600 £600 £578
UK excluding London median daily rate £410 £400 £398
% change year-on-year +2.50% +0.62%  
Number of hourly rates quoted 862 1001 1130
Median hourly rate £36.00 £37.50 £27.50
Median hourly rate % change year-on-year -4.00% +36.36%  
90% offered a hourly rate of more than £13.00 £13.00 £12.00
10% offered a hourly rate of more than £52.50 £55.00 £48.01
UK excluding London median hourly rate £36.00 £38.75 £30.00
% change year-on-year -7.09% +29.16%  

Stochastic Modelling
Job Vacancy Trend in England

The job posting trend of jobs advertised in England citing Stochastic Modelling as a proportion of all contract or permanent IT jobs with a match in the Processes & Methodologies category.

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
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 3 months to 26 March 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 - 1 £625 -
Stochastic Modelling
UK

Stochastic Modelling
Top 30 Related IT Skills in England

For the 6 months to 26 March 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 16 (100.00%) Finance
2 14 (87.50%) Mathematics
2 14 (87.50%) Physics
2 14 (87.50%) C#
2 14 (87.50%) C++
2 14 (87.50%) Derivative
2 14 (87.50%) Market Risk
2 14 (87.50%) Quantitative Finance
3 12 (75.00%) PnL Attribution
4 7 (43.75%) Validation
4 7 (43.75%) QA
4 7 (43.75%) Statistical Analysis
5 6 (37.50%) Java
5 6 (37.50%) OOP
5 6 (37.50%) OO
5 6 (37.50%) Subversion
6 5 (31.25%) Front Office
7 4 (25.00%) Continuous Integration
7 4 (25.00%) Risk Management
8 3 (18.75%) Foreign Exchange (FX)
9 2 (12.50%) Analytical Skills
10 1 (6.25%) GARCH
10 1 (6.25%) IFRS
10 1 (6.25%) Decision Tree
10 1 (6.25%) Bayesian Methods
10 1 (6.25%) Time Series Analysis
10 1 (6.25%) Analytics
10 1 (6.25%) Solvency II
10 1 (6.25%) R
10 1 (6.25%) Monte Carlo Method

Stochastic Modelling
Top Related 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:

Database & Business Intelligence
1 1 (6.25%) Data Mining
Development Applications
1 6 (37.50%) Subversion
General
1 16 (100.00%) Finance
2 5 (31.25%) Front Office
3 1 (6.25%) Banking
3 1 (6.25%) Financial Institution
Job Titles
1 9 (56.25%) Analyst
1 9 (56.25%) Qualitative Analyst
1 9 (56.25%) Quantitative Analyst
2 8 (50.00%) Quantitative Risk Analyst
2 8 (50.00%) Risk Analyst
3 7 (43.75%) Developer
3 7 (43.75%) Market Risk Analyst
3 7 (43.75%) Quantitative Developer
3 7 (43.75%) Statistical Analyst
4 5 (31.25%) C# Developer
4 5 (31.25%) C# Quant Developer
4 5 (31.25%) C++ Developer
4 5 (31.25%) C++ Quantitative Developer
4 5 (31.25%) C++/C# Developer
4 5 (31.25%) Market Risk C++ Developer
4 5 (31.25%) Market Risk Developer
5 4 (25.00%) C# Developer - Commodities
6 2 (12.50%) C++/Java Developer
6 2 (12.50%) Java Quantitative Developer
6 2 (12.50%) Market Risk Java Developer
Miscellaneous
1 14 (87.50%) Derivative
1 14 (87.50%) Market Risk
2 3 (18.75%) Foreign Exchange (FX)
3 2 (12.50%) Analytical Skills
4 1 (6.25%) Credit Risk
Processes & Methodologies
1 14 (87.50%) Mathematics
1 14 (87.50%) Physics
1 14 (87.50%) Quantitative Finance
2 12 (75.00%) PnL Attribution
3 7 (43.75%) Statistical Analysis
3 7 (43.75%) Validation
4 6 (37.50%) OO
4 6 (37.50%) OOP
5 4 (25.00%) Continuous Integration
5 4 (25.00%) Risk Management
6 1 (6.25%) Analytics
6 1 (6.25%) Bayesian Methods
6 1 (6.25%) Change Management
6 1 (6.25%) Cluster Analysis
6 1 (6.25%) CRM
6 1 (6.25%) Decision Tree
6 1 (6.25%) GARCH
6 1 (6.25%) Monte Carlo Method
6 1 (6.25%) Statistics
6 1 (6.25%) Time Series Analysis
Programming Languages
1 14 (87.50%) C#
1 14 (87.50%) C++
2 6 (37.50%) Java
3 1 (6.25%) R
3 1 (6.25%) SQL
3 1 (6.25%) VBA
Qualifications
1 1 (6.25%) PhD
Quality Assurance & Compliance
1 7 (43.75%) QA
2 1 (6.25%) IFRS
2 1 (6.25%) Solvency II