Period
to 19 November 2017

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 6 months to 19 November 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
6 months to
19 Nov 2017
Same period 2016 Same period 2015
Rank 827 882 -
Rank change year-on-year +55 - -
Contract jobs citing Stochastic Modelling 48 14 0
As % of all contract IT jobs advertised in the UK 0.047% 0.013% -
As % of the Processes & Methodologies category 0.056% 0.016% -
Number of daily rates quoted 39 11 0
UK median daily rate £825 £850 -
Median daily rate % change year-on-year -2.94% - -
UK excluding London median daily rate £475 £550 -
% change year-on-year -13.64% - -
Number of hourly rates quoted 0 0 0
UK median hourly rate - - -
UK excluding London median hourly rate - - -

Stochastic 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.

All Process and Methodology Skills
UK
Contract vacancies with a requirement for process or methodology skills 85705 87976 93705
As % of all contract IT jobs advertised in the UK 84.52% 83.91% 81.76%
Number of daily rates quoted 57093 58207 60721
UK median daily rate £450 £425 £413
Median daily rate % change year-on-year +5.88% +3.03% +3.13%
10th Percentile £281 £263 £263
90th Percentile £630 £600 £600
UK excluding London median daily rate £400 £400 £385
% change year-on-year - +3.90% +2.67%
Number of hourly rates quoted 2022 2335 2744
UK median hourly rate £23.32 £24.00 £22.50
Median hourly rate % change year-on-year -2.83% +6.67% +18.42%
10th Percentile £11.35 £11.32 £11.50
90th Percentile £49.75 £48.75 £47.71
UK excluding London median hourly rate £24.00 £24.37 £23.75
% change year-on-year -1.50% +2.59% +18.75%

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 6 months to 19 November 2017.

Contractor daily rate histogram for Stochastic Modelling in the UK

Stochastic Modelling
Top 6 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 6 months to 19 November 2017. 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
Job
Vacancies
England +57 48 £825 -2.94%
London +2 38 £825 -2.94%
UK excluding London +30 10 £475 -13.64% 1
South East +13 7 - -
West Midlands +30 3 £475 +18.75%
Midlands +30 3 £475 +18.75%

For the 6 months to 19 November 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 44 (91.67%) Finance
2 40 (83.33%) Mathematics
3 37 (77.08%) Physics
4 35 (72.92%) Validation
5 34 (70.83%) C#
5 34 (70.83%) C++
5 34 (70.83%) Derivative
5 34 (70.83%) Quantitative Finance
6 33 (68.75%) QA
7 32 (66.67%) Benchmarking
7 32 (66.67%) Internal Audit
8 21 (43.75%) Credit Risk
9 20 (41.67%) Credit Risk Modelling
10 14 (29.17%) PnL Attribution
10 14 (29.17%) Market Risk
10 14 (29.17%) Front Office
11 13 (27.08%) SQL
12 7 (14.58%) Drools
12 7 (14.58%) KnockoutJS
12 7 (14.58%) Java EE
12 7 (14.58%) Ubuntu
12 7 (14.58%) jBPM
12 7 (14.58%) Maven
12 7 (14.58%) Eclipse
12 7 (14.58%) HTML
12 7 (14.58%) Java
12 7 (14.58%) JavaScript
12 7 (14.58%) MySQL
12 7 (14.58%) CSS
12 7 (14.58%) XML

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 7 (14.58%) Apache
1 7 (14.58%) Tomcat
2 3 (6.25%) Apache Spark
3 1 (2.08%) SAS
Database & Business Intelligence
1 7 (14.58%) MySQL
2 3 (6.25%) Apache Cassandra
2 3 (6.25%) Data Mining
2 3 (6.25%) MongoDB
2 3 (6.25%) NoSQL
Development Applications
1 7 (14.58%) Eclipse
1 7 (14.58%) Jenkins
1 7 (14.58%) Maven
General
1 44 (91.67%) Finance
2 14 (29.17%) Front Office
3 1 (2.08%) Banking
3 1 (2.08%) Investment Banking
Job Titles
1 38 (79.17%) Analyst
1 38 (79.17%) Qualitative Analyst
1 38 (79.17%) Quantitative Analyst
2 34 (70.83%) Quantitative Risk Analyst
2 34 (70.83%) Risk Analyst
3 20 (41.67%) Credit Analyst
3 20 (41.67%) Credit Risk Analyst
4 13 (27.08%) Market Risk Analyst
4 13 (27.08%) Pricing Analyst
5 7 (14.58%) Developer
5 7 (14.58%) Java Developer
6 4 (8.33%) Java Web Developer
6 4 (8.33%) Senior Analyst
6 4 (8.33%) Senior Quantitative Analyst
6 4 (8.33%) Web Developer
7 3 (6.25%) Data Scientist
7 3 (6.25%) HTML CSS Developer
7 3 (6.25%) HTML Developer
7 3 (6.25%) SQL Developer
8 2 (4.17%) Full Stack Developer
Libraries, Frameworks & Software Standards
1 7 (14.58%) AngularJS
1 7 (14.58%) CSS
1 7 (14.58%) Drools
1 7 (14.58%) HTML
1 7 (14.58%) Java EE
1 7 (14.58%) jBPM
1 7 (14.58%) KnockoutJS
1 7 (14.58%) Polymer
1 7 (14.58%) React
1 7 (14.58%) XML
Miscellaneous
1 34 (70.83%) Derivative
2 21 (43.75%) Credit Risk
3 14 (29.17%) Market Risk
4 3 (6.25%) Algorithms
4 3 (6.25%) Analytical Skills
4 3 (6.25%) Computer Science
4 3 (6.25%) Foreign Exchange (FX)
Operating Systems
1 7 (14.58%) Debian
1 7 (14.58%) Linux
1 7 (14.58%) Ubuntu
1 7 (14.58%) Unix
Processes & Methodologies
1 40 (83.33%) Mathematics
2 37 (77.08%) Physics
3 35 (72.92%) Validation
4 34 (70.83%) Quantitative Finance
5 32 (66.67%) Benchmarking
5 32 (66.67%) Internal Audit
6 20 (41.67%) Credit Risk Modelling
7 14 (29.17%) PnL Attribution
8 7 (14.58%) Agile Software Development
8 7 (14.58%) Scrum
9 6 (12.50%) Cluster Analysis
10 4 (8.33%) Data Modelling
10 4 (8.33%) Machine Learning
10 4 (8.33%) Web Development
11 3 (6.25%) Bayesian Methods
11 3 (6.25%) Decision Tree
11 3 (6.25%) GARCH
11 3 (6.25%) Neural Network
11 3 (6.25%) Prototyping
11 3 (6.25%) Time Series Analysis
Programming Languages
1 34 (70.83%) C#
1 34 (70.83%) C++
2 13 (27.08%) SQL
3 7 (14.58%) Java
3 7 (14.58%) JavaScript
4 4 (8.33%) Python
5 3 (6.25%) R
5 3 (6.25%) Ruby
5 3 (6.25%) VB
Qualifications
1 3 (6.25%) Degree
Quality Assurance & Compliance
1 33 (68.75%) QA