The median contractor rate for a Actuary was £775 per day in advertised job vacancies during the 3 months to 26 March 2017.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to 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
Actuary
UK
Rank 608 - 620
Rank change year-on-year - 0  
Contract jobs requiring an Actuary 1 0 3
As % of all contract IT jobs advertised in the UK 0.002% - 0.006%
As % of the Job Titles category 0.002% - 0.006%
Number of daily rates quoted 1 0 2
Median daily rate £775 - £580
UK excluding London median daily rate £775 - £580
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

The next table is for comparison with the above and includes summary statistics for all job roles in contract job vacancies. Most job vacancies include a discernible job title. As such, the figures in the first row provide an indication of the number of contract jobs in our overall sample.

Contract IT Job Roles
UK
Contract job vacancies with a job title containing a recognized job role 42399 50658 50465
As % of all contract IT job vacancies advertised in the UK 94.80% 95.19% 94.83%
Number of daily rates quoted 27502 32772 30486
Median daily rate £425 £425 £400
Median daily rate % change year-on-year - +6.25%  
90% offered a daily rate of more than £260 £260 £238
10% offered a daily rate of more than £600 £600 £555
UK excluding London median daily rate £400 £388 £375
% change year-on-year +3.22% +3.33%  
Number of hourly rates quoted 1497 1585 2011
Median hourly rate £18.00 £19.00 £17.50
Median hourly rate % change year-on-year -5.26% +8.57%  
90% offered a hourly rate of more than £11.30 £11.44 £11.00
10% offered a hourly rate of more than £47.50 £48.00 £42.50
UK excluding London median hourly rate £17.50 £20.00 £17.00
% change year-on-year -12.50% +17.64%  

Actuary
Job Vacancy Trend

The job posting trend of jobs advertised that featured Actuary in the job title.

Job vacancy trend for Actuary in the UK

Actuary
Contractor Daily Rate Trend

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

Contractor daily rate trend for Actuary in the UK

Actuary
Top 3 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Actuary within the UK 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
Buckinghamshire - 1 £775 -
South East - 1 £775 -
England - 1 £775 -

Actuary Skill Set
Top 27 Related IT Skills

For the 6 months to 26 March 2017, Actuary contract jobs required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads featuring Actuary in the job title.

1 3 (42.86%) VBA
1 3 (42.86%) IMAP
2 2 (28.57%) Finance
2 2 (28.57%) Towers Watson Igloo
2 2 (28.57%) Analytical Skills
2 2 (28.57%) Reinsurance
2 2 (28.57%) Capital Modelling
3 1 (14.29%) IFRS
3 1 (14.29%) Algorithms
3 1 (14.29%) Validation
3 1 (14.29%) Econometrics
3 1 (14.29%) Statistics
3 1 (14.29%) Front Office
3 1 (14.29%) Back Office
3 1 (14.29%) Risk Management
3 1 (14.29%) MS Excel
3 1 (14.29%) C#
3 1 (14.29%) C++
3 1 (14.29%) Java
3 1 (14.29%) Mathematics
3 1 (14.29%) Stochastic Calculus
3 1 (14.29%) Financial Modelling
3 1 (14.29%) Monte Carlo Method
3 1 (14.29%) Black-Scholes
3 1 (14.29%) Solvency II
3 1 (14.29%) MoSes
3 1 (14.29%) Stochastic Modelling

Actuary Skill Set
Top Related IT Skills 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:

Applications
1 1 (14.29%) MS Excel
Business Applications
1 2 (28.57%) Towers Watson Igloo
2 1 (14.29%) MoSes
Communications & Networking
1 3 (42.86%) IMAP
General
1 2 (28.57%) Finance
2 1 (14.29%) Back Office
2 1 (14.29%) Front Office
Miscellaneous
1 2 (28.57%) Analytical Skills
1 2 (28.57%) Reinsurance
2 1 (14.29%) Algorithms
Processes & Methodologies
1 2 (28.57%) Capital Modelling
2 1 (14.29%) Black-Scholes
2 1 (14.29%) Econometrics
2 1 (14.29%) Financial Modelling
2 1 (14.29%) Mathematics
2 1 (14.29%) Monte Carlo Method
2 1 (14.29%) Risk Management
2 1 (14.29%) Statistics
2 1 (14.29%) Stochastic Calculus
2 1 (14.29%) Stochastic Modelling
2 1 (14.29%) Validation
Programming Languages
1 3 (42.86%) VBA
2 1 (14.29%) C#
2 1 (14.29%) C++
2 1 (14.29%) Java
Quality Assurance & Compliance
1 1 (14.29%) IFRS
1 1 (14.29%) Solvency II