The following table provides summary statistics for contract job vacancies advertised in London 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 27 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.

Stochastic Modelling
England / London
3 months to
27 Mar 2017
Same period 2016 Same period 2015
Rank 397 - -
Rank change year-on-year - 0  
Contract jobs citing Stochastic Modelling 1 0 0
As % of all contract IT jobs advertised in London 0.005% - -
As % of the Processes & Methodologies category 0.006% - -
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 London with a requirement for process and methodology skills.

Contract Process & Methodology Skills
London
Contract job vacancies with a requirement for process and methodology skills 16487 18855 17641
As % of all contract IT job vacancies advertised in London 85.16% 85.15% 81.99%
Number of daily rates quoted 11864 13608 12398
Median daily rate £480 £475 £450
Median daily rate % change year-on-year +1.05% +5.55%  
90% offered a daily rate of more than £345 £325 £310
10% offered a daily rate of more than £650 £625 £613
UK excluding London median daily rate £410 £400 £396
% change year-on-year +2.50% +1.01%  
Number of hourly rates quoted 168 194 250
Median hourly rate £32.50 £22.50 £20.00
Median hourly rate % change year-on-year +44.44% +12.50%  
90% offered a hourly rate of more than £14.20 £12.50 £11.00
10% offered a hourly rate of more than £55.00 £52.50 £55.00
UK excluding London median hourly rate £36.25 £38.50 £30.20
% change year-on-year -5.84% +27.48%  

Stochastic Modelling
Job Vacancy Trend in London

The job posting trend of jobs advertised in London 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 London

Stochastic Modelling
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for Stochastic Modelling in London

Stochastic Modelling
Top 30 Co-occurring IT Skills in London

For the 6 months to 27 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 London region with a requirement for Stochastic Modelling.

1 15 (100.00%) Finance
2 14 (93.33%) Mathematics
2 14 (93.33%) Physics
2 14 (93.33%) C#
2 14 (93.33%) C++
2 14 (93.33%) Derivative
2 14 (93.33%) Market Risk
2 14 (93.33%) Quantitative Finance
3 12 (80.00%) PnL Attribution
4 7 (46.67%) Validation
4 7 (46.67%) QA
4 7 (46.67%) Statistical Analysis
5 6 (40.00%) Java
5 6 (40.00%) OOP
5 6 (40.00%) OO
5 6 (40.00%) Subversion
6 5 (33.33%) Front Office
7 4 (26.67%) Continuous Integration
7 4 (26.67%) Risk Management
8 3 (20.00%) Foreign Exchange (FX)
9 1 (6.67%) GARCH
9 1 (6.67%) Decision Tree
9 1 (6.67%) Monte Carlo Method
9 1 (6.67%) Credit Risk
9 1 (6.67%) Statistics
9 1 (6.67%) Cluster Analysis
9 1 (6.67%) Analytics
9 1 (6.67%) R
9 1 (6.67%) Bayesian Methods
9 1 (6.67%) Time Series Analysis

Stochastic Modelling
Co-occurring IT Skills in 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 (6.67%) Data Mining
Development Applications
1 6 (40.00%) Subversion
General
1 15 (100.00%) Finance
2 5 (33.33%) Front Office
3 1 (6.67%) Banking
3 1 (6.67%) Financial Institution
Job Titles
1 9 (60.00%) Analyst
1 9 (60.00%) Qualitative Analyst
1 9 (60.00%) Quantitative Analyst
2 8 (53.33%) Quantitative Risk Analyst
2 8 (53.33%) Risk Analyst
3 7 (46.67%) Developer
3 7 (46.67%) Market Risk Analyst
3 7 (46.67%) Quantitative Developer
3 7 (46.67%) Statistical Analyst
4 5 (33.33%) C# Developer
4 5 (33.33%) C# Quant Developer
4 5 (33.33%) C++ Developer
4 5 (33.33%) C++ Quantitative Developer
4 5 (33.33%) C++/C# Developer
4 5 (33.33%) Market Risk C++ Developer
4 5 (33.33%) Market Risk Developer
5 4 (26.67%) C# Developer - Commodities
6 2 (13.33%) C++/Java Developer
6 2 (13.33%) Java Quantitative Developer
6 2 (13.33%) Market Risk Java Developer
Miscellaneous
1 14 (93.33%) Derivative
1 14 (93.33%) Market Risk
2 3 (20.00%) Foreign Exchange (FX)
3 1 (6.67%) Analytical Skills
3 1 (6.67%) Credit Risk
Processes & Methodologies
1 14 (93.33%) Mathematics
1 14 (93.33%) Physics
1 14 (93.33%) Quantitative Finance
2 12 (80.00%) PnL Attribution
3 7 (46.67%) Statistical Analysis
3 7 (46.67%) Validation
4 6 (40.00%) OO
4 6 (40.00%) OOP
5 4 (26.67%) Continuous Integration
5 4 (26.67%) Risk Management
6 1 (6.67%) Analytics
6 1 (6.67%) Bayesian Methods
6 1 (6.67%) Change Management
6 1 (6.67%) Cluster Analysis
6 1 (6.67%) CRM
6 1 (6.67%) Decision Tree
6 1 (6.67%) GARCH
6 1 (6.67%) Monte Carlo Method
6 1 (6.67%) Statistics
6 1 (6.67%) Time Series Analysis
Programming Languages
1 14 (93.33%) C#
1 14 (93.33%) C++
2 6 (40.00%) Java
3 1 (6.67%) R
3 1 (6.67%) SQL
Qualifications
1 1 (6.67%) PhD
Quality Assurance & Compliance
1 7 (46.67%) QA