Financial Modelling Contracts

Financial Modelling
UK

The following table provides summary statistics for contract job vacancies with a requirement for Financial Modelling skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Financial Modelling over the 6 months to 13 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
13 May 2024
Same period 2023 Same period 2022
Rank 515 646 707
Rank change year-on-year +131 +61 -64
Contract jobs citing Financial Modelling 68 50 134
As % of all contract jobs advertised in the UK 0.16% 0.086% 0.15%
As % of the Processes & Methodologies category 0.18% 0.096% 0.17%
Number of daily rates quoted 28 35 89
10th Percentile £447 £455 £406
25th Percentile £462 £531 £463
Median daily rate (50th Percentile) £538 £625 £547
Median % change year-on-year -14.00% +14.33% +4.12%
75th Percentile £678 £730 £650
90th Percentile £875 £800 £747
UK excluding London median daily rate £575 £525 £513
% change year-on-year +9.52% +2.44% -4.65%
Number of hourly rates quoted 0 1 2
10th Percentile - - £32.00
25th Percentile - £22.00 £41.75
Median hourly rate - £24.00 £58.50
Median % change year-on-year - -58.97% +62.14%
75th Percentile - £26.00 £75.25
90th Percentile - - £85.00
UK excluding London median hourly rate - £24.00 £26.00
% change year-on-year - -7.69% -

All Process and Methodology Skills
UK

Financial 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 36,868 52,242 79,883
As % of all contract IT jobs advertised in the UK 86.23% 89.82% 90.61%
Number of daily rates quoted 23,721 36,208 56,080
10th Percentile £300 £325 £343
25th Percentile £413 £438 £428
Median daily rate (50th Percentile) £525 £550 £530
Median % change year-on-year -4.55% +3.77% +8.16%
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% +8.57%
Number of hourly rates quoted 2,429 1,718 1,919
10th Percentile £12.75 £11.00 £12.50
25th Percentile £16.00 £16.22 £15.52
Median hourly rate £36.50 £36.00 £25.68
Median % change year-on-year +1.39% +40.19% +4.82%
75th Percentile £60.00 £65.00 £49.50
90th Percentile £72.50 £75.00 £65.00
UK excluding London median hourly rate £38.12 £35.00 £20.00
% change year-on-year +8.91% +75.00% -6.98%

Financial Modelling
Job Vacancy Trend

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

Job vacancy trend for Financial Modelling in the UK

Financial Modelling
Contractor Daily Rate Trend

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

Daily rate trend for Financial Modelling in the UK

Financial Modelling
Daily Rate Histogram

Daily rate distribution for jobs citing Financial Modelling over the 6 months to 13 May 2024.

Daily rate histogram for Financial Modelling in the UK

Financial Modelling
Contractor Hourly Rate Trend

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

Hourly rate trend for Financial Modelling in the UK

Financial Modelling
Top 12 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Financial Modelling within the UK over the 6 months to 13 May 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 +119 59 £575 -8.00% 188
London +103 46 £550 -12.00% 123
Work from Home +115 21 £525 -16.00% 47
UK excluding London +71 14 £575 +9.52% 62
North of England +26 5 £575 +22.34% 20
South East +18 5 - - 19
North West - 3 £575 - 12
Scotland +46 2 £463 - 2
Yorkshire +21 2 £475 +1.06% 5
Midlands +33 1 - - 13
South West +17 1 £675 +42.11% 7
West Midlands - 1 - - 8

Financial 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 5 (7.35%) Confluence
Applications
1 18 (26.47%) Microsoft Excel
2 5 (7.35%) Microsoft Office
3 3 (4.41%) CPLEX
3 3 (4.41%) MS Visio
3 3 (4.41%) Spreadsheet
4 1 (1.47%) Microsoft PowerPoint
4 1 (1.47%) Microsoft Project
Business Applications
1 1 (1.47%) Cloudability
1 1 (1.47%) Oracle ERP
Cloud Services
1 14 (20.59%) Azure
2 9 (13.24%) Power Platform
3 8 (11.76%) AWS
3 8 (11.76%) Azure DevOps
3 8 (11.76%) GitHub
4 3 (4.41%) GCP
5 2 (2.94%) IaaS
5 2 (2.94%) PaaS
5 2 (2.94%) SaaS
6 1 (1.47%) Dynamics 365
6 1 (1.47%) Microsoft 365
6 1 (1.47%) OCI
Communications & Networking
1 3 (4.41%) Skype
Database & Business Intelligence
1 9 (13.24%) Power BI
2 8 (11.76%) NoSQL
3 5 (7.35%) Tableau
4 2 (2.94%) Data Warehouse
5 1 (1.47%) Oracle BI Publisher
5 1 (1.47%) Oracle Reports
5 1 (1.47%) Relational Database
Development Applications
1 3 (4.41%) GitLab
1 3 (4.41%) JIRA
1 3 (4.41%) Robot Framework
1 3 (4.41%) Selenium
2 1 (1.47%) Git
2 1 (1.47%) Team Foundation Server
General
1 68 (100.00%) Finance
2 27 (39.71%) Social Skills
3 25 (36.76%) Analytical Skills
4 13 (19.12%) Banking
5 9 (13.24%) Front Office
6 8 (11.76%) Investment Banking
6 8 (11.76%) Legal
7 7 (10.29%) Presentation Skills
8 6 (8.82%) Organisational Skills
9 5 (7.35%) Corporate Banking
9 5 (7.35%) Law
9 5 (7.35%) Retail
9 5 (7.35%) Retail Banking
9 5 (7.35%) Telecoms
9 5 (7.35%) Wholesale Banking
10 4 (5.88%) Public Sector
11 3 (4.41%) Police
12 1 (1.47%) Billing
12 1 (1.47%) Influencing Skills
12 1 (1.47%) Local Government
Job Titles
1 31 (45.59%) Analyst
2 16 (23.53%) Developer
3 13 (19.12%) Financial Analyst
3 13 (19.12%) Senior
4 9 (13.24%) Python Developer
5 8 (11.76%) Quantitative Developer
5 8 (11.76%) Senior Analyst
6 6 (8.82%) Business Analyst
7 5 (7.35%) Commercial Analyst
7 5 (7.35%) Qualitative Analyst
7 5 (7.35%) Quantitative Analyst
8 4 (5.88%) Consultant
8 4 (5.88%) IT Consultant
8 4 (5.88%) Project Manager
8 4 (5.88%) Senior Developer
8 4 (5.88%) Senior Financial Analyst
8 4 (5.88%) Senior Quantitative Developer
9 3 (4.41%) Business Manager
9 3 (4.41%) Credit Analyst
9 3 (4.41%) Senior Research Analyst
Libraries, Frameworks & Software Standards
1 11 (16.18%) Pandas
2 8 (11.76%) NumPy
2 8 (11.76%) SciPy
3 3 (4.41%) Django
3 3 (4.41%) Flask
3 3 (4.41%) pytest
4 1 (1.47%) DCOM
4 1 (1.47%) Oracle Fusion
Miscellaneous
1 8 (11.76%) Credit Risk
1 8 (11.76%) Derivative
2 3 (4.41%) Analytical Mindset
2 3 (4.41%) Reference Data
3 2 (2.94%) Hybrid Cloud
3 2 (2.94%) Management Information System
3 2 (2.94%) Renewable Energy
3 2 (2.94%) Solar Panel
4 1 (1.47%) Data Centre
4 1 (1.47%) Data Protection Act
4 1 (1.47%) Equity Risk
4 1 (1.47%) Fixed Income
4 1 (1.47%) Mainframe
4 1 (1.47%) Onboarding
4 1 (1.47%) PMI
4 1 (1.47%) Product Ownership
4 1 (1.47%) Reinsurance
4 1 (1.47%) Team-Oriented Environment
Operating Systems
1 1 (1.47%) Linux
1 1 (1.47%) Unix
Processes & Methodologies
1 14 (20.59%) Analytics
2 13 (19.12%) DevOps
3 12 (17.65%) Agile
4 11 (16.18%) Business Case
4 11 (16.18%) CI/CD
4 11 (16.18%) Test Automation
5 10 (14.71%) Computer Science
5 10 (14.71%) Risk Management
6 9 (13.24%) Business Intelligence
6 9 (13.24%) Decision-Making
6 9 (13.24%) Problem-Solving
6 9 (13.24%) Project Management
6 9 (13.24%) Software Engineering
7 8 (11.76%) Backtesting
7 8 (11.76%) Budgeting
7 8 (11.76%) Data Pipeline
7 8 (11.76%) Mathematics
7 8 (11.76%) Product Requirements
8 7 (10.29%) Applied Mathematics
8 7 (10.29%) Architectural Patterns
Programming Languages
1 18 (26.47%) Python
2 12 (17.65%) SQL
3 8 (11.76%) C++
3 8 (11.76%) Java
3 8 (11.76%) Rust
4 4 (5.88%) VBA
5 3 (4.41%) MATLAB
Qualifications
1 21 (30.88%) Degree
2 11 (16.18%) ACCA
3 7 (10.29%) CIMA
4 5 (7.35%) SC Cleared
4 5 (7.35%) Security Cleared
5 4 (5.88%) Master's Degree
6 3 (4.41%) CFA
6 3 (4.41%) MBA
6 3 (4.41%) Postgraduate
7 2 (2.94%) Computer Science Degree
8 1 (1.47%) CBAP
8 1 (1.47%) PMI Certification
Quality Assurance & Compliance
1 3 (4.41%) PMO
2 1 (1.47%) Disclosure Scotland
2 1 (1.47%) GAAP
2 1 (1.47%) QA
2 1 (1.47%) SEPA
Vendors
1 9 (13.24%) Microsoft
2 5 (7.35%) Oracle
3 3 (4.41%) Google
4 1 (1.47%) Adaptive Insights
4 1 (1.47%) Anaplan
4 1 (1.47%) Cisco
4 1 (1.47%) SAP