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 19 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
19 Apr 2024
Same period 2023 Same period 2022
Rank 519 653 723
Rank change year-on-year +134 +70 -95
Contract jobs citing Financial Modelling 67 63 132
As % of all contract jobs advertised in the UK 0.15% 0.10% 0.15%
As % of the Processes & Methodologies category 0.18% 0.12% 0.16%
Number of daily rates quoted 27 45 86
10th Percentile £446 £466 £397
25th Percentile £475 £588 £463
Median daily rate (50th Percentile) £575 £650 £538
Median % change year-on-year -11.54% +20.75% +7.66%
75th Percentile £713 £735 £669
90th Percentile £875 £800 £775
UK excluding London median daily rate £575 £613 £519
% change year-on-year -6.12% +18.07% -2.35%
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 37,706 54,523 81,413
As % of all contract IT jobs advertised in the UK 86.36% 89.87% 90.60%
Number of daily rates quoted 24,375 37,727 57,191
10th Percentile £300 £325 £338
25th Percentile £413 £438 £425
Median daily rate (50th Percentile) £525 £550 £525
Median % change year-on-year -4.55% +4.76% +9.38%
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% +10.47%
Number of hourly rates quoted 2,416 1,789 1,947
10th Percentile £12.75 £11.00 £12.50
25th Percentile £16.00 £16.38 £15.25
Median hourly rate £35.00 £36.31 £25.00
Median % change year-on-year -3.59% +45.22% -
75th Percentile £58.70 £65.00 £49.25
90th Percentile £71.88 £75.00 £63.75
UK excluding London median hourly rate £35.00 £36.00 £19.96
% change year-on-year -2.78% +80.41% -7.83%

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 19 April 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 19 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 +120 62 £575 -11.54% 127
London +117 48 £588 -9.62% 91
Work from Home +113 20 £525 -16.67% 40
UK excluding London +66 15 £575 -6.12% 33
South East +10 6 - - 11
North of England +42 5 £575 +22.34% 8
North West - 3 £575 - 3
Scotland +39 2 £575 +24.32% 1
Yorkshire +22 2 £475 +1.06% 4
Midlands +35 1 - - 6
South West +25 1 £675 +42.11% 5
West Midlands - 1 - - 3

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 4 (5.97%) Confluence
Applications
1 20 (29.85%) Microsoft Excel
2 5 (7.46%) Microsoft Office
3 2 (2.99%) Spreadsheet
4 1 (1.49%) CPLEX
4 1 (1.49%) Microsoft PowerPoint
4 1 (1.49%) Microsoft Project
4 1 (1.49%) MS Visio
Business Applications
1 2 (2.99%) Oracle ERP
2 1 (1.49%) Cloudability
Cloud Services
1 12 (17.91%) Azure
2 8 (11.94%) Azure DevOps
2 8 (11.94%) GitHub
2 8 (11.94%) Power Platform
3 7 (10.45%) AWS
4 2 (2.99%) IaaS
4 2 (2.99%) OCI
4 2 (2.99%) PaaS
4 2 (2.99%) SaaS
5 1 (1.49%) Amazon EC2
5 1 (1.49%) Amazon ECS
5 1 (1.49%) Amazon S3
5 1 (1.49%) Amazon SQS
5 1 (1.49%) AWS CloudFormation
5 1 (1.49%) AWS Lambda
5 1 (1.49%) Dynamics 365
5 1 (1.49%) GCP
5 1 (1.49%) Microsoft 365
5 1 (1.49%) OpenShift
5 1 (1.49%) Serverless
Communications & Networking
1 3 (4.48%) Skype
Database & Business Intelligence
1 8 (11.94%) NoSQL
1 8 (11.94%) Power BI
2 6 (8.96%) Tableau
3 2 (2.99%) Data Warehouse
3 2 (2.99%) Oracle BI Publisher
3 2 (2.99%) Oracle Reports
4 1 (1.49%) Amazon RDS
4 1 (1.49%) Amazon Redshift
4 1 (1.49%) Relational Database
Development Applications
1 2 (2.99%) JIRA
2 1 (1.49%) Artifactory
2 1 (1.49%) Git
2 1 (1.49%) GitLab
2 1 (1.49%) Jenkins
2 1 (1.49%) Robot Framework
2 1 (1.49%) Selenium
2 1 (1.49%) Team Foundation Server
General
1 67 (100.00%) Finance
2 27 (40.30%) Social Skills
3 26 (38.81%) Analytical Skills
4 12 (17.91%) Banking
5 10 (14.93%) Front Office
6 9 (13.43%) Presentation Skills
7 8 (11.94%) Investment Banking
7 8 (11.94%) Legal
8 6 (8.96%) Organisational Skills
9 5 (7.46%) Corporate Banking
9 5 (7.46%) Law
9 5 (7.46%) Public Sector
9 5 (7.46%) Retail
9 5 (7.46%) Retail Banking
9 5 (7.46%) Telecoms
9 5 (7.46%) Wholesale Banking
10 3 (4.48%) Police
11 2 (2.99%) Influencing Skills
12 1 (1.49%) Aviation
12 1 (1.49%) Inclusion and Diversity
Job Titles
1 28 (41.79%) Analyst
2 14 (20.90%) Developer
2 14 (20.90%) Financial Analyst
3 10 (14.93%) Senior
4 8 (11.94%) Quantitative Developer
5 7 (10.45%) Python Developer
6 5 (7.46%) Commercial Analyst
6 5 (7.46%) Qualitative Analyst
6 5 (7.46%) Quantitative Analyst
6 5 (7.46%) Senior Analyst
7 4 (5.97%) Business Analyst
7 4 (5.97%) Consultant
7 4 (5.97%) IT Consultant
7 4 (5.97%) Lead
7 4 (5.97%) Project Manager
7 4 (5.97%) Senior Developer
7 4 (5.97%) Senior Financial Analyst
7 4 (5.97%) Senior Quantitative Developer
8 3 (4.48%) Business Manager
9 2 (2.99%) Senior Python Developer
Libraries, Frameworks & Software Standards
1 9 (13.43%) Pandas
2 8 (11.94%) NumPy
2 8 (11.94%) SciPy
3 2 (2.99%) Oracle Fusion
4 1 (1.49%) DCOM
4 1 (1.49%) Django
4 1 (1.49%) Flask
4 1 (1.49%) J2EE
4 1 (1.49%) pytest
Miscellaneous
1 8 (11.94%) Derivative
2 6 (8.96%) Credit Risk
3 5 (7.46%) Management Information System
4 3 (4.48%) Analytical Mindset
5 2 (2.99%) Hybrid Cloud
5 2 (2.99%) Renewable Energy
5 2 (2.99%) Solar Panel
6 1 (1.49%) Data Centre
6 1 (1.49%) Equity Risk
6 1 (1.49%) Fixed Income
6 1 (1.49%) Mainframe
6 1 (1.49%) Onboarding
6 1 (1.49%) Product Ownership
6 1 (1.49%) Reference Data
6 1 (1.49%) Reinsurance
6 1 (1.49%) Tandem
6 1 (1.49%) Team-Oriented Environment
Operating Systems
1 1 (1.49%) Linux
1 1 (1.49%) Unix
Processes & Methodologies
1 13 (19.40%) Analytics
1 13 (19.40%) Business Case
2 12 (17.91%) DevOps
3 11 (16.42%) Decision-Making
3 11 (16.42%) Project Management
4 10 (14.93%) CI/CD
4 10 (14.93%) Problem-Solving
5 9 (13.43%) Stakeholder Management
5 9 (13.43%) Test Automation
6 8 (11.94%) Agile
6 8 (11.94%) Backtesting
6 8 (11.94%) Budgeting
6 8 (11.94%) Business Intelligence
6 8 (11.94%) Computer Science
6 8 (11.94%) Data Pipeline
6 8 (11.94%) Mathematics
6 8 (11.94%) Product Requirements
6 8 (11.94%) Risk Management
6 8 (11.94%) Software Engineering
7 7 (10.45%) Architectural Patterns
Programming Languages
1 15 (22.39%) Python
2 11 (16.42%) SQL
3 9 (13.43%) Java
4 8 (11.94%) C++
4 8 (11.94%) Rust
5 2 (2.99%) VBA
6 1 (1.49%) Go
6 1 (1.49%) MATLAB
Qualifications
1 17 (25.37%) Degree
2 11 (16.42%) ACCA
3 7 (10.45%) CIMA
4 5 (7.46%) SC Cleared
4 5 (7.46%) Security Cleared
5 2 (2.99%) Master's Degree
6 1 (1.49%) CFA
6 1 (1.49%) CISA
6 1 (1.49%) MBA
6 1 (1.49%) Postgraduate
Quality Assurance & Compliance
1 4 (5.97%) PMO
2 2 (2.99%) Disclosure Scotland
2 2 (2.99%) QA
3 1 (1.49%) GAAP
System Software
1 1 (1.49%) Docker
Systems Management
1 1 (1.49%) Kubernetes
1 1 (1.49%) Terraform
Vendors
1 9 (13.43%) Microsoft
2 6 (8.96%) Oracle
3 1 (1.49%) Adaptive Insights
3 1 (1.49%) Anaplan
3 1 (1.49%) CA
3 1 (1.49%) Cisco
3 1 (1.49%) Google
3 1 (1.49%) SAP