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 29 June 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.

Stochastic Modelling
UK
3 months to
29 Jun 2017
Same period 2016 Same period 2015
Rank 608 - -
Rank change year-on-year - 0  
Contract jobs citing Stochastic Modelling 6 0 0
As % of all contract IT jobs advertised in the UK 0.013% - -
As % of the Processes & Methodologies category 0.015% - -
Number of daily rates quoted 4 0 0
Median daily rate £500 - -
UK excluding London median daily rate £475 - -
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 39787 44801 45267
As % of all contract IT job vacancies advertised in the UK 84.46% 83.41% 80.77%
Number of daily rates quoted 99353 111983 101262
Median daily rate £450 £438 £413
Median daily rate % change year-on-year +2.85% +6.06%  
90% offered a daily rate of more than £305 £283 £274
10% offered a daily rate of more than £625 £625 £600
UK excluding London median daily rate £415 £400 £380
% change year-on-year +3.75% +5.26%  
Number of hourly rates quoted 3077 2943 3102
Median hourly rate £32.50 £28.00 £27.50
Median hourly rate % change year-on-year +16.07% +1.81%  
90% offered a hourly rate of more than £12.28 £12.50 £11.50
10% offered a hourly rate of more than £54.00 £50.78 £51.17
UK excluding London median hourly rate £33.50 £28.00 £30.00
% change year-on-year +19.64% -6.66%  

Stochastic Modelling
Job Vacancy Trend

Job postings citing Stochastic Modelling as a percentage of all IT jobs advertised.

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
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Stochastic Modelling over the 3 months to 29 June 2017.

Contractor daily rate histogram for Stochastic Modelling in the UK

Stochastic Modelling
Top 5 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 29 June 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
England - 6 £500 - 2
UK excluding London - 3 £475 -
London - 3 £500 - 2
South East - 2 - -
Midlands - 1 £475 -

For the 6 months to 29 June 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 6 (85.71%) SQL
1 6 (85.71%) Finance
2 4 (57.14%) Cluster Analysis
2 4 (57.14%) Mathematics
3 3 (42.86%) Bayesian Methods
3 3 (42.86%) Time Series Analysis
3 3 (42.86%) Analytical Skills
3 3 (42.86%) Monte Carlo Method
3 3 (42.86%) Statistics
3 3 (42.86%) Foreign Exchange (FX)
3 3 (42.86%) Validation
3 3 (42.86%) Data Mining
3 3 (42.86%) GARCH
3 3 (42.86%) Decision Tree
4 2 (28.57%) Jenkins
4 2 (28.57%) Prototyping
4 2 (28.57%) React
4 2 (28.57%) Polymer
4 2 (28.57%) Eclipse
4 2 (28.57%) HTML
4 2 (28.57%) Java
4 2 (28.57%) JavaScript
4 2 (28.57%) MySQL
4 2 (28.57%) CSS
4 2 (28.57%) XML
4 2 (28.57%) Unix
4 2 (28.57%) Linux
4 2 (28.57%) Apache
4 2 (28.57%) Tomcat
4 2 (28.57%) Debian

Stochastic Modelling
Co-occurring 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:

Application Platforms
1 2 (28.57%) Apache
1 2 (28.57%) Tomcat
2 1 (14.29%) Apache Spark
Database & Business Intelligence
1 3 (42.86%) Data Mining
2 2 (28.57%) MySQL
3 1 (14.29%) Apache Cassandra
3 1 (14.29%) MongoDB
3 1 (14.29%) NoSQL
Development Applications
1 2 (28.57%) Eclipse
1 2 (28.57%) Jenkins
1 2 (28.57%) Maven
General
1 6 (85.71%) Finance
2 1 (14.29%) Banking
2 1 (14.29%) Financial Institution
2 1 (14.29%) Front Office
Job Titles
1 4 (57.14%) Analyst
1 4 (57.14%) Qualitative Analyst
1 4 (57.14%) Quantitative Analyst
2 3 (42.86%) Senior Analyst
2 3 (42.86%) Senior Quantitative Analyst
3 2 (28.57%) Developer
3 2 (28.57%) Java Developer
3 2 (28.57%) Java Web Developer
3 2 (28.57%) Web Developer
4 1 (14.29%) Data Scientist
4 1 (14.29%) Market Risk Analyst
4 1 (14.29%) Pricing Analyst
4 1 (14.29%) Product Analyst
4 1 (14.29%) Quantitative Risk Analyst
4 1 (14.29%) Risk Analyst
4 1 (14.29%) SQL Analyst
Libraries, Frameworks & Software Standards
1 2 (28.57%) AngularJS
1 2 (28.57%) CSS
1 2 (28.57%) Drools
1 2 (28.57%) HTML
1 2 (28.57%) Java EE
1 2 (28.57%) jBPM
1 2 (28.57%) KnockoutJS
1 2 (28.57%) Polymer
1 2 (28.57%) React
1 2 (28.57%) XML
Miscellaneous
1 3 (42.86%) Analytical Skills
1 3 (42.86%) Foreign Exchange (FX)
2 1 (14.29%) Algorithms
2 1 (14.29%) Computer Science
2 1 (14.29%) Derivative
2 1 (14.29%) Market Risk
Operating Systems
1 2 (28.57%) Debian
1 2 (28.57%) Linux
1 2 (28.57%) Ubuntu
1 2 (28.57%) Unix
Processes & Methodologies
1 4 (57.14%) Cluster Analysis
1 4 (57.14%) Mathematics
2 3 (42.86%) Bayesian Methods
2 3 (42.86%) Decision Tree
2 3 (42.86%) GARCH
2 3 (42.86%) Monte Carlo Method
2 3 (42.86%) Statistics
2 3 (42.86%) Time Series Analysis
2 3 (42.86%) Validation
3 2 (28.57%) Agile Software Development
3 2 (28.57%) Physics
3 2 (28.57%) Prototyping
3 2 (28.57%) Regression Analysis
3 2 (28.57%) Scrum
3 2 (28.57%) Web Development
4 1 (14.29%) Benchmarking
4 1 (14.29%) Change Management
4 1 (14.29%) Data Modelling
4 1 (14.29%) Machine Learning
4 1 (14.29%) Neural Network
Programming Languages
1 6 (85.71%) SQL
2 2 (28.57%) Java
2 2 (28.57%) JavaScript
2 2 (28.57%) R
3 1 (14.29%) C#
3 1 (14.29%) C++
3 1 (14.29%) Python
3 1 (14.29%) Ruby
3 1 (14.29%) VB
Qualifications
1 1 (14.29%) Degree
Quality Assurance & Compliance
1 1 (14.29%) QA
London
AMS contingency
Posted: 2 days ago
East London
Spencer Rose
Rate: From £450 to £500 per day
Posted: 5 days ago