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 23 June 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
23 Jun 2017
Same period 2016 Same period 2015
Rank 421 - -
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 £500 - -
UK excluding London median daily rate £475 - -
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 17919 18449 19236
As % of all contract IT job vacancies advertised in London 86.65% 85.29% 82.10%
Number of daily rates quoted 12848 13494 13624
Median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.55%  
90% offered a daily rate of more than £350 £325 £310
10% offered a daily rate of more than £630 £625 £625
UK excluding London median daily rate £415 £400 £383
% change year-on-year +3.75% +4.57%  
Number of hourly rates quoted 195 158 261
Median hourly rate £27.00 £21.00 £21.50
Median hourly rate % change year-on-year +28.57% -2.32%  
90% offered a hourly rate of more than £14.75 £12.50 £11.00
10% offered a hourly rate of more than £51.25 £43.75 £55.00
UK excluding London median hourly rate £33.50 £28.50 £30.00
% change year-on-year +17.54% -5.00%  

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

For the 6 months to 23 June 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 2 (100.00%) SQL
1 2 (100.00%) Data Mining
1 2 (100.00%) Foreign Exchange (FX)
1 2 (100.00%) Finance
1 2 (100.00%) Statistics
1 2 (100.00%) Cluster Analysis
1 2 (100.00%) Monte Carlo Method
1 2 (100.00%) Bayesian Methods
1 2 (100.00%) Time Series Analysis
1 2 (100.00%) Analytical Skills
1 2 (100.00%) GARCH
1 2 (100.00%) Decision Tree
2 1 (50.00%) Prototyping
2 1 (50.00%) Regression Analysis
2 1 (50.00%) R
2 1 (50.00%) Mathematics
2 1 (50.00%) Validation
2 1 (50.00%) Banking
2 1 (50.00%) Change Management
2 1 (50.00%) Financial Institution

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 2 (100.00%) Data Mining
General
1 2 (100.00%) Finance
2 1 (50.00%) Banking
2 1 (50.00%) Financial Institution
Job Titles
1 2 (100.00%) Analyst
1 2 (100.00%) Qualitative Analyst
1 2 (100.00%) Quantitative Analyst
1 2 (100.00%) Senior Analyst
1 2 (100.00%) Senior Quantitative Analyst
2 1 (50.00%) Product Analyst
2 1 (50.00%) SQL Analyst
Miscellaneous
1 2 (100.00%) Analytical Skills
1 2 (100.00%) Foreign Exchange (FX)
Processes & Methodologies
1 2 (100.00%) Bayesian Methods
1 2 (100.00%) Cluster Analysis
1 2 (100.00%) Decision Tree
1 2 (100.00%) GARCH
1 2 (100.00%) Monte Carlo Method
1 2 (100.00%) Statistics
1 2 (100.00%) Time Series Analysis
2 1 (50.00%) Change Management
2 1 (50.00%) Mathematics
2 1 (50.00%) Prototyping
2 1 (50.00%) Regression Analysis
2 1 (50.00%) Validation
Programming Languages
1 2 (100.00%) SQL
2 1 (50.00%) R
East London
Spencer Rose
Rate: From £450 to £500 per day
Posted: 7 days ago