Analytical Modelling Contracts

Analytical Modelling
UK

The following table provides summary statistics for contract job vacancies with a requirement for Analytical Modelling skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Analytical Modelling over the 6 months to 27 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
27 Apr 2024
Same period 2023 Same period 2022
Rank 561 685 796
Rank change year-on-year +124 +111 -154
Contract jobs citing Analytical Modelling 37 34 53
As % of all contract jobs advertised in the UK 0.085% 0.057% 0.060%
As % of the Processes & Methodologies category 0.099% 0.063% 0.066%
Number of daily rates quoted 18 15 19
10th Percentile £434 £460 £450
25th Percentile £448 £519 £484
Median daily rate (50th Percentile) £550 £550 £510
Median % change year-on-year - +7.84% -2.39%
75th Percentile £950 £625 £534
90th Percentile £995 £878 £560
UK excluding London median daily rate £475 £425 £498
% change year-on-year +11.76% -14.57% +46.32%
Number of hourly rates quoted 1 0 1
10th Percentile - - -
25th Percentile £46.75 - -
Median hourly rate £48.50 - £8.00
75th Percentile £50.25 - -
90th Percentile - - -
UK excluding London median hourly rate - - £8.00

All Process and Methodology Skills
UK

Analytical 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 with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 37,374 53,774 80,482
As % of all contract IT jobs advertised in the UK 86.31% 89.91% 90.60%
Number of daily rates quoted 24,095 37,304 56,474
10th Percentile £300 £325 £340
25th Percentile £413 £438 £425
Median daily rate (50th Percentile) £525 £550 £525
Median % change year-on-year -4.55% +4.76% +8.25%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +9.20%
Number of hourly rates quoted 2,422 1,763 1,928
10th Percentile £12.75 £11.00 £12.50
25th Percentile £16.00 £16.25 £15.25
Median hourly rate £35.00 £37.34 £25.00
Median % change year-on-year -6.27% +49.36% -
75th Percentile £59.44 £65.00 £49.25
90th Percentile £72.50 £75.00 £63.75
UK excluding London median hourly rate £36.00 £36.00 £20.00
% change year-on-year - +80.00% -8.17%

Analytical Modelling
Job Vacancy Trend

Job postings citing Analytical Modelling as a proportion of all IT jobs advertised.

Job vacancy trend for Analytical Modelling in the UK

Analytical Modelling
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Analytical Modelling.

Daily rate trend for Analytical Modelling in the UK

Analytical Modelling
Daily Rate Histogram

Daily rate distribution for jobs citing Analytical Modelling over the 6 months to 27 April 2024.

Daily rate histogram for Analytical Modelling in the UK

Analytical Modelling
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Analytical Modelling.

Hourly rate trend for Analytical Modelling in the UK

Analytical Modelling
Top 11 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Analytical Modelling within the UK over the 6 months to 27 April 2024. 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
Jobs
England +131 35 £550 - 30
London +95 20 £750 +36.36% 16
Work from Home +137 18 £900 +100.00% 10
UK excluding London +76 16 £475 +11.76% 14
South East +36 11 £500 - 4
North of England +34 2 £425 - 1
East of England +17 1 £600 +14.29% 3
Scotland - 1 £400 -
South West - 1 - - 2
North East - 1 - -
North West - 1 £425 - 1

Analytical Modelling
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 3 (8.11%) Appian
1 3 (8.11%) Confluence
2 1 (2.70%) Apache Spark
Applications
1 7 (18.92%) Microsoft Excel
2 4 (10.81%) Simulink
3 3 (8.11%) SPSS
Business Applications
1 1 (2.70%) Cloudability
Cloud Services
1 4 (10.81%) Power Platform
2 3 (8.11%) AWS
2 3 (8.11%) Microsoft 365
3 2 (5.41%) Azure
3 2 (5.41%) GCP
4 1 (2.70%) Cloud Computing
4 1 (2.70%) dbt
4 1 (2.70%) GitHub
4 1 (2.70%) GitHub Actions
4 1 (2.70%) Google Analytics
4 1 (2.70%) Serverless
Database & Business Intelligence
1 4 (10.81%) Data Warehouse
1 4 (10.81%) Power BI
2 3 (8.11%) BusinessObjects XI
2 3 (8.11%) NoSQL
2 3 (8.11%) Power Query
2 3 (8.11%) PowerPivot
2 3 (8.11%) Relational Database
2 3 (8.11%) Tableau
3 2 (5.41%) Data Lake
3 2 (5.41%) Metadata
3 2 (5.41%) RDBMS
4 1 (2.70%) Amazon Athena
4 1 (2.70%) Amazon Redshift
4 1 (2.70%) BigQuery
Development Applications
1 4 (10.81%) JIRA
2 2 (5.41%) ER Studio
2 2 (5.41%) ERwin
3 1 (2.70%) Git
3 1 (2.70%) PyCharm
3 1 (2.70%) Team Foundation Server
General
1 30 (81.08%) Analytical Skills
2 13 (35.14%) Finance
2 13 (35.14%) Social Skills
3 4 (10.81%) Aerospace
4 3 (8.11%) Local Government
5 2 (5.41%) Presentation Skills
5 2 (5.41%) Public Sector
6 1 (2.70%) Banking
6 1 (2.70%) Billing
6 1 (2.70%) Documentation Skills
Job Titles
1 13 (35.14%) Analyst
2 6 (16.22%) Senior
3 5 (13.51%) Support Engineer
4 4 (10.81%) Credit Analyst
4 4 (10.81%) Developer
4 4 (10.81%) Qualitative Analyst
4 4 (10.81%) Quantitative Analyst
4 4 (10.81%) Systems Support Engineer
5 3 (8.11%) Commercial Analyst
5 3 (8.11%) Data Analyst
5 3 (8.11%) Data Engineer
5 3 (8.11%) Data Scientist
5 3 (8.11%) Financial Analyst
5 3 (8.11%) Lead
5 3 (8.11%) Senior Analyst
6 2 (5.41%) Data Modeller
6 2 (5.41%) IT Engineer
6 2 (5.41%) IT Support Engineer
6 2 (5.41%) Quantitative Developer
6 2 (5.41%) Senior Financial Analyst
Libraries, Frameworks & Software Standards
1 2 (5.41%) TensorFlow
2 1 (2.70%) D3.js
2 1 (2.70%) Node.js
2 1 (2.70%) Prisma
2 1 (2.70%) PyTorch
2 1 (2.70%) React
2 1 (2.70%) scikit-learn
2 1 (2.70%) Shiny
Miscellaneous
1 8 (21.62%) Analytical Mindset
2 6 (16.22%) Credit Derivative
2 6 (16.22%) Derivative
3 4 (10.81%) Hedge funds
4 3 (8.11%) Algorithms
4 3 (8.11%) Linked Data
Operating Systems
1 1 (2.70%) Linux
1 1 (2.70%) Unix
Processes & Methodologies
1 11 (29.73%) Physics
1 11 (29.73%) Problem-Solving
2 10 (27.03%) Visualisation
3 9 (24.32%) Data Analysis
4 8 (21.62%) Mathematics
4 8 (21.62%) Statistics
4 8 (21.62%) Workflow
5 7 (18.92%) Data Modelling
5 7 (18.92%) Data Visualisation
5 7 (18.92%) Decision-Making
6 6 (16.22%) Customer Experience
6 6 (16.22%) Model Validation
6 6 (16.22%) Quantitative Finance
7 5 (13.51%) Continuous Improvement
7 5 (13.51%) Machine Learning
8 4 (10.81%) Business Intelligence
8 4 (10.81%) CAD
8 4 (10.81%) Financial Modelling
8 4 (10.81%) Statistical Modelling
8 4 (10.81%) Threat Modelling
Programming Languages
1 13 (35.14%) Python
1 13 (35.14%) SQL
2 7 (18.92%) R
3 6 (16.22%) C++
4 4 (10.81%) MATLAB
5 1 (2.70%) C#
5 1 (2.70%) JavaScript
5 1 (2.70%) TypeScript
Qualifications
1 12 (32.43%) Degree
2 7 (18.92%) Numerate Degree
3 5 (13.51%) SC Cleared
3 5 (13.51%) Security Cleared
4 3 (8.11%) ACCA
4 3 (8.11%) CIMA
Quality Assurance & Compliance
1 4 (10.81%) Data Quality
1 4 (10.81%) QA
System Software
1 1 (2.70%) Docker
Systems Management
1 1 (2.70%) Terraform
Vendors
1 4 (10.81%) Microsoft
2 3 (8.11%) Salesforce
2 3 (8.11%) ServiceNow
3 1 (2.70%) Databricks
3 1 (2.70%) Google