The following table provides summary statistics for contract job vacancies with a requirement for Stochastic Modelling skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Stochastic Modelling over the 3 months to 27 March 2017 with a comparison to the 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
27 Mar 2017
Same period 2016 Same period 2015
Stochastic Modelling
UK
Rank 582 - -
Rank change year-on-year - 0  
Contract jobs citing Stochastic Modelling 1 0 0
As % of all contract IT jobs advertised in the UK 0.002% - -
As % of the Processes & Methodologies category 0.003% - -
Number of daily rates quoted 1 0 0
Median daily rate £625 - -
UK excluding London median daily rate - - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Stochastic Modelling is in the process and methodology skills category. The next table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for process and methodology skills.

Contract Process & Methodology Skills
UK
Contract job vacancies with a requirement for process and methodology skills 37338 44118 43065
As % of all contract IT job vacancies advertised in the UK 83.13% 82.88% 79.71%
Number of daily rates quoted 24672 28919 26679
Median daily rate £450 £425 £420
Median daily rate % change year-on-year +5.88% +1.31%  
90% offered a daily rate of more than £300 £300 £275
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £410 £400 £396
% change year-on-year +2.50% +1.01%  
Number of hourly rates quoted 945 1114 1248
Median hourly rate £36.00 £37.50 £28.50
Median hourly rate % change year-on-year -4.00% +31.57%  
90% offered a hourly rate of more than £13.00 £13.00 £12.10
10% offered a hourly rate of more than £53.00 £55.00 £49.50
UK excluding London median hourly rate £36.25 £38.50 £30.20
% change year-on-year -5.84% +27.48%  

Stochastic Modelling
Job Vacancy Trend

The job posting trend of jobs advertised citing Stochastic Modelling as a proportion of all contract or permanent IT jobs with a match in the Processes & Methodologies category.

Job vacancy trend for Stochastic Modelling in the UK

Stochastic Modelling
Contractor Daily Rate Trend

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

Contractor daily rate trend for Stochastic Modelling in the UK

Stochastic Modelling
Top 2 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Stochastic Modelling within the UK over the 3 months to 27 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
London - 1 £625 -
England - 1 £625 -

Stochastic Modelling
Top 30 Related IT Skills

For the 6 months to 27 March 2017, IT contractor jobs citing Stochastic Modelling also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Stochastic Modelling.

1 16 (100.00%) Finance
2 14 (87.50%) Mathematics
2 14 (87.50%) Physics
2 14 (87.50%) C#
2 14 (87.50%) C++
2 14 (87.50%) Derivative
2 14 (87.50%) Market Risk
2 14 (87.50%) Quantitative Finance
3 12 (75.00%) PnL Attribution
4 7 (43.75%) Validation
4 7 (43.75%) QA
4 7 (43.75%) Statistical Analysis
5 6 (37.50%) Java
5 6 (37.50%) OOP
5 6 (37.50%) OO
5 6 (37.50%) Subversion
6 5 (31.25%) Front Office
7 4 (25.00%) Continuous Integration
7 4 (25.00%) Risk Management
8 3 (18.75%) Foreign Exchange (FX)
9 2 (12.50%) Analytical Skills
10 1 (6.25%) GARCH
10 1 (6.25%) IFRS
10 1 (6.25%) Decision Tree
10 1 (6.25%) Bayesian Methods
10 1 (6.25%) Time Series Analysis
10 1 (6.25%) Analytics
10 1 (6.25%) Solvency II
10 1 (6.25%) R
10 1 (6.25%) Monte Carlo Method

Stochastic Modelling
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:

Database & Business Intelligence
1 1 (6.25%) Data Mining
Development Applications
1 6 (37.50%) Subversion
General
1 16 (100.00%) Finance
2 5 (31.25%) Front Office
3 1 (6.25%) Banking
3 1 (6.25%) Financial Institution
Job Titles
1 9 (56.25%) Analyst
1 9 (56.25%) Qualitative Analyst
1 9 (56.25%) Quantitative Analyst
2 8 (50.00%) Quantitative Risk Analyst
2 8 (50.00%) Risk Analyst
3 7 (43.75%) Developer
3 7 (43.75%) Market Risk Analyst
3 7 (43.75%) Quantitative Developer
3 7 (43.75%) Statistical Analyst
4 5 (31.25%) C# Developer
4 5 (31.25%) C# Quant Developer
4 5 (31.25%) C++ Developer
4 5 (31.25%) C++ Quantitative Developer
4 5 (31.25%) C++/C# Developer
4 5 (31.25%) Market Risk C++ Developer
4 5 (31.25%) Market Risk Developer
5 4 (25.00%) C# Developer - Commodities
6 2 (12.50%) C++/Java Developer
6 2 (12.50%) Java Quantitative Developer
6 2 (12.50%) Market Risk Java Developer
Miscellaneous
1 14 (87.50%) Derivative
1 14 (87.50%) Market Risk
2 3 (18.75%) Foreign Exchange (FX)
3 2 (12.50%) Analytical Skills
4 1 (6.25%) Credit Risk
Processes & Methodologies
1 14 (87.50%) Mathematics
1 14 (87.50%) Physics
1 14 (87.50%) Quantitative Finance
2 12 (75.00%) PnL Attribution
3 7 (43.75%) Statistical Analysis
3 7 (43.75%) Validation
4 6 (37.50%) OO
4 6 (37.50%) OOP
5 4 (25.00%) Continuous Integration
5 4 (25.00%) Risk Management
6 1 (6.25%) Analytics
6 1 (6.25%) Bayesian Methods
6 1 (6.25%) Change Management
6 1 (6.25%) Cluster Analysis
6 1 (6.25%) CRM
6 1 (6.25%) Decision Tree
6 1 (6.25%) GARCH
6 1 (6.25%) Monte Carlo Method
6 1 (6.25%) Statistics
6 1 (6.25%) Time Series Analysis
Programming Languages
1 14 (87.50%) C#
1 14 (87.50%) C++
2 6 (37.50%) Java
3 1 (6.25%) R
3 1 (6.25%) SQL
3 1 (6.25%) VBA
Qualifications
1 1 (6.25%) PhD
Quality Assurance & Compliance
1 7 (43.75%) QA
2 1 (6.25%) IFRS
2 1 (6.25%) Solvency II