Statistical Modelling Contracts

Statistical Modelling
UK

The following table provides summary statistics for contract job vacancies with a requirement for Statistical Modelling skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Statistical Modelling over the 6 months to 25 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
25 Apr 2024
Same period 2023 Same period 2022
Rank 545 666 693
Rank change year-on-year +121 +27 -123
Contract jobs citing Statistical Modelling 41 56 138
As % of all contract jobs advertised in the UK 0.094% 0.093% 0.16%
As % of the Processes & Methodologies category 0.11% 0.10% 0.17%
Number of daily rates quoted 24 33 88
10th Percentile £408 £375 £140
25th Percentile £443 £500 £409
Median daily rate (50th Percentile) £520 £550 £539
Median % change year-on-year -5.45% +2.09% -5.48%
75th Percentile £614 £700 £620
90th Percentile £764 £1,145 £641
UK excluding London median daily rate £515 £538 £425
% change year-on-year -4.19% +26.47% -23.70%
Number of hourly rates quoted 4 1 7
10th Percentile - - £16.01
25th Percentile £22.61 £19.25 -
Median hourly rate £23.82 £19.50 £19.52
Median % change year-on-year +22.17% -0.10% -
75th Percentile £24.88 £19.75 -
90th Percentile £25.70 - £30.01
UK excluding London median hourly rate £23.22 - £19.52

All Process and Methodology Skills
UK

Statistical 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 37,653 53,977 80,244
As % of all contract IT jobs advertised in the UK 86.28% 89.91% 90.57%
Number of daily rates quoted 24,313 37,392 56,301
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% +9.83%
Number of hourly rates quoted 2,429 1,779 1,937
10th Percentile £12.75 £11.00 £12.50
25th Percentile £16.00 £16.54 £15.25
Median hourly rate £35.00 £37.50 £25.00
Median % change year-on-year -6.67% +50.00% -
75th Percentile £59.44 £65.00 £49.25
90th Percentile £72.50 £75.00 £63.75
UK excluding London median hourly rate £35.98 £35.90 £20.00
% change year-on-year +0.21% +79.50% -8.09%

Statistical Modelling
Job Vacancy Trend

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

Job vacancy trend for Statistical Modelling in the UK

Statistical Modelling
Contractor Daily Rate Trend

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

Daily rate trend for Statistical Modelling in the UK

Statistical Modelling
Daily Rate Histogram

Daily rate distribution for jobs citing Statistical Modelling over the 6 months to 25 April 2024.

Daily rate histogram for Statistical Modelling in the UK

Statistical Modelling
Contractor Hourly Rate Trend

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

Hourly rate trend for Statistical Modelling in the UK

Statistical Modelling
Top 10 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Statistical Modelling within the UK over the 6 months to 25 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 +99 30 £515 -6.36% 102
London +96 23 £538 -10.42% 60
Work from Home +129 20 £494 -14.13% 36
UK excluding London +66 9 £515 -4.19% 47
South East +10 3 - - 16
North of England +29 2 £520 -20.00% 12
North West +12 2 £520 -20.00% 6
Wales - 2 £481 - 6
East of England +10 1 £500 - 5
Scotland - 1 - - 4

Statistical 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 7 (17.07%) Apache Spark
1 7 (17.07%) SAS
2 2 (4.88%) Jupyter
Applications
1 7 (17.07%) Microsoft Excel
2 6 (14.63%) SPSS
3 1 (2.44%) Microsoft PowerPoint
Business Applications
1 1 (2.44%) SAP IBP
Cloud Services
1 13 (31.71%) Azure
2 7 (17.07%) Power Platform
3 4 (9.76%) AWS
4 3 (7.32%) GCP
4 3 (7.32%) Microsoft 365
5 1 (2.44%) Amazon SageMaker
5 1 (2.44%) ChatGPT
5 1 (2.44%) Cloud Computing
5 1 (2.44%) WhatsApp
Database & Business Intelligence
1 7 (17.07%) Data Mining
1 7 (17.07%) Power BI
2 3 (7.32%) BusinessObjects XI
2 3 (7.32%) Power Query
2 3 (7.32%) PowerPivot
2 3 (7.32%) SAS Enterprise Guide
3 2 (4.88%) Big Data
3 2 (4.88%) KDB
3 2 (4.88%) MongoDB
4 1 (2.44%) BigQuery
4 1 (2.44%) Hadoop
4 1 (2.44%) Metadata
4 1 (2.44%) NoSQL
4 1 (2.44%) PostgreSQL
4 1 (2.44%) Qlik Sense
Development Applications
1 4 (9.76%) Git
2 2 (4.88%) Visual Studio
3 1 (2.44%) RStudio
General
1 11 (26.83%) Analytical Skills
2 8 (19.51%) Marketing
3 6 (14.63%) Social Skills
4 4 (9.76%) Finance
4 4 (9.76%) Local Government
5 1 (2.44%) Manufacturing
5 1 (2.44%) Pharmaceutical
5 1 (2.44%) Presentation Skills
5 1 (2.44%) Public Sector
5 1 (2.44%) Publishing
Job Titles
1 22 (53.66%) Data Scientist
2 5 (12.20%) Senior
3 4 (9.76%) Senior Data Scientist
4 3 (7.32%) Business Manager
4 3 (7.32%) Insight Manager
4 3 (7.32%) Lead
4 3 (7.32%) Performance Manager
5 2 (4.88%) Developer
5 2 (4.88%) Econometrician
6 1 (2.44%) Analyst
6 1 (2.44%) Automation Tester
6 1 (2.44%) Consultant
6 1 (2.44%) Data Analyst
6 1 (2.44%) Data Modeller
6 1 (2.44%) Data Science Tester
6 1 (2.44%) Junior
6 1 (2.44%) Marketing Specialist
6 1 (2.44%) SAP Developer
6 1 (2.44%) Senior Data Warehouse Specialist
6 1 (2.44%) Tester
Libraries, Frameworks & Software Standards
1 10 (24.39%) Pandas
2 3 (7.32%) NumPy
3 2 (4.88%) JSON
3 2 (4.88%) Matplotlib
3 2 (4.88%) Plotly
3 2 (4.88%) PySpark
3 2 (4.88%) REST
3 2 (4.88%) scikit-learn
3 2 (4.88%) Swagger
3 2 (4.88%) YAML
4 1 (2.44%) D3.js
4 1 (2.44%) Flask
4 1 (2.44%) SciPy
4 1 (2.44%) Shiny
Miscellaneous
1 15 (36.59%) Algorithms
2 7 (17.07%) Multi-touch
3 3 (7.32%) Credit Risk
3 3 (7.32%) Linked Data
3 3 (7.32%) Management Information System
4 2 (4.88%) Fixed Income
5 1 (2.44%) Cloud Native
5 1 (2.44%) Data Protection Act
5 1 (2.44%) Self-Motivation
Processes & Methodologies
1 28 (68.29%) Data Science
2 23 (56.10%) Machine Learning
3 19 (46.34%) Mathematics
4 18 (43.90%) Data Analysis
5 12 (29.27%) Decision-Making
6 11 (26.83%) Bayesian Methods
7 10 (24.39%) Validation
7 10 (24.39%) Visualisation
8 9 (21.95%) Business Intelligence
8 9 (21.95%) Data Collection
9 8 (19.51%) Analytics
9 8 (19.51%) Computer Science
9 8 (19.51%) Data Extraction
9 8 (19.51%) Data Visualisation
9 8 (19.51%) Statistics
10 7 (17.07%) Applied Mathematics
10 7 (17.07%) Data Pipeline
10 7 (17.07%) Marketing Mix
10 7 (17.07%) Model Validation
11 5 (12.20%) User Experience
Programming Languages
1 33 (80.49%) Python
2 23 (56.10%) SQL
3 16 (39.02%) R
4 4 (9.76%) C#
5 3 (7.32%) Java
6 1 (2.44%) C++
6 1 (2.44%) MATLAB
Qualifications
1 11 (26.83%) Degree
2 3 (7.32%) Computer Science Degree
2 3 (7.32%) Numerate Degree
3 2 (4.88%) PhD
3 2 (4.88%) SC Cleared
3 2 (4.88%) Security Cleared
4 1 (2.44%) Master's Degree
Quality Assurance & Compliance
1 7 (17.07%) Data Quality
2 2 (4.88%) QA
System Software
1 1 (2.44%) Docker
Vendors
1 5 (12.20%) Microsoft
2 3 (7.32%) Salesforce
3 2 (4.88%) Google
4 1 (2.44%) Cognos
4 1 (2.44%) SAP