Period
to 1 August 2021

The following table provides summary statistics for permanent job vacancies advertised in the City of London with a requirement for Model Validation skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Model Validation over the 6 months to 1 August 2021 with a comparison to the same period in the previous 2 years.

Model Validation
Central London > City of London
6 months to
1 Aug 2021
Same period 2020 Same period 2019
Rank 226 225 318
Rank change year-on-year -1 +93 +20
Permanent jobs citing Model Validation 26 6 12
As % of all permanent jobs advertised in the City of London 0.47% 0.11% 0.12%
As % of the Processes & Methodologies category 0.49% 0.12% 0.12%
Number of salaries quoted 26 6 12
10th Percentile £44,375 " £48,625
25th Percentile £52,500 £66,250 £64,375
Median annual salary (50th Percentile) £70,000 £72,500 £72,500
Median % change year-on-year -3.45% - -13.69%
75th Percentile £81,250 £78,750 £86,250
90th Percentile £91,250 £79,375 £87,375
Central London median annual salary £70,000 £72,500 £72,500
% change year-on-year -3.45% - -13.69%

Model Validation is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies advertised in the City of London with a requirement for process or methodology skills.

All Process and Methodology Skills
City of London
Permanent vacancies with a requirement for process or methodology skills 5,330 4,952 9,604
As % of all permanent IT jobs advertised in the City of London 95.42% 94.40% 94.03%
Number of salaries quoted 4,770 4,349 8,559
10th Percentile £43,000 £42,500 £37,500
25th Percentile £54,750 £52,500 £50,000
Median annual salary (50th Percentile) £72,500 £70,000 £65,500
Median % change year-on-year +3.57% +6.87% +1.95%
75th Percentile £91,250 £85,000 £82,500
90th Percentile £107,500 £100,000 £97,500
Central London median annual salary £70,000 £70,000 £65,000
% change year-on-year - +7.69% +4.00%

Model Validation
Job Vacancy Trend in the City of London

Job postings citing Model Validation as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Model Validation in the City of London

Model Validation
Salary Trend in the City of London

3-month moving average salary quoted in jobs citing Model Validation in the City of London.

Salary trend for Model Validation in the City of London

Model Validation
Salary Histogram in the City of London

Salary distribution for jobs citing Model Validation in the City of London over the 6 months to 1 August 2021.

Salary histogram for Model Validation in the City of London

For the 6 months to 1 August 2021, IT jobs citing Model Validation also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads across the City of London region with a requirement for Model Validation.

1 23 (88.46%) Python
2 21 (80.77%) SQL
2 21 (80.77%) Validation
3 19 (73.08%) Predictive Modelling
4 18 (69.23%) Analytics
5 17 (65.38%) Data Science
5 17 (65.38%) R
5 17 (65.38%) Degree
6 16 (61.54%) Data Validation
6 16 (61.54%) Mobile Games
6 16 (61.54%) Games
7 15 (57.69%) Marketing
7 15 (57.69%) Statistical Analysis
7 15 (57.69%) Data Pipeline
8 13 (50.00%) Actionable Insight
8 13 (50.00%) Statistics
9 12 (46.15%) Data Modelling
9 12 (46.15%) Monetization
10 11 (42.31%) Facebook
11 10 (38.46%) Machine Learning
11 10 (38.46%) Looker
12 9 (34.62%) Physics
13 8 (30.77%) Finance
13 8 (30.77%) Problem-Solving
14 7 (26.92%) Advertising
15 6 (23.08%) Dashboard Development
15 6 (23.08%) Statistical Modelling
16 5 (19.23%) EMIR
16 5 (19.23%) Dodd-Frank
16 5 (19.23%) Master's Degree

Model Validation
Co-occurring IT Skills in the City of London 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 3 (11.54%) SAS
2 2 (7.69%) Apache Airflow
2 2 (7.69%) Apache Pig
2 2 (7.69%) Apache Spark
Applications
1 3 (11.54%) SPSS
Business Applications
1 4 (15.38%) FINCAD Analytics
Cloud Services
1 2 (7.69%) AWS
1 2 (7.69%) AWS Step Functions
1 2 (7.69%) Azure
1 2 (7.69%) Azure Data Factory
1 2 (7.69%) Azure Synapse Analytics
1 2 (7.69%) GCP
1 2 (7.69%) Power Platform
1 2 (7.69%) Snowflake
Database & Business Intelligence
1 10 (38.46%) Looker
2 5 (19.23%) Data Mining
3 2 (7.69%) Amazon Redshift
3 2 (7.69%) Apache Hive
3 2 (7.69%) Azure SQL Data Warehouse
3 2 (7.69%) Big Data
3 2 (7.69%) Data Lake
3 2 (7.69%) Data Warehouse
3 2 (7.69%) Hadoop
3 2 (7.69%) HDInsight
3 2 (7.69%) OLTP
3 2 (7.69%) Power BI
3 2 (7.69%) Spark SQL
3 2 (7.69%) SQL Server
3 2 (7.69%) SQL Server Integration Services
3 2 (7.69%) SQL Server Reporting Services
3 2 (7.69%) Sqoop
3 2 (7.69%) Tableau
Development Applications
1 2 (7.69%) ER Studio
1 2 (7.69%) ERwin
1 2 (7.69%) JIRA
1 2 (7.69%) PowerDesigner
General
1 16 (61.54%) Games
2 15 (57.69%) Marketing
3 8 (30.77%) Finance
4 7 (26.92%) Advertising
5 3 (11.54%) Analytical Skills
5 3 (11.54%) Telecoms
Job Titles
1 15 (57.69%) Data Scientist
2 7 (26.92%) Senior Data Scientist
3 6 (23.08%) Junior
3 6 (23.08%) Junior Data Scientist
4 5 (19.23%) C# Developer
4 5 (19.23%) C# Quant Developer
4 5 (19.23%) Developer
4 5 (19.23%) Quantitative Developer
5 2 (7.69%) Consultant
5 2 (7.69%) Data Engineer
5 2 (7.69%) Senior Consultant
6 1 (3.85%) Analyst
6 1 (3.85%) Analyst Developer
6 1 (3.85%) Data Science Director
6 1 (3.85%) Developer Analyst
6 1 (3.85%) Qualitative Analyst
6 1 (3.85%) Quantitative Analyst
6 1 (3.85%) Quantitative Analyst Developer
Libraries, Frameworks & Software Standards
1 2 (7.69%) PySpark
Miscellaneous
1 16 (61.54%) Mobile Games
2 5 (19.23%) Equities
2 5 (19.23%) Exotic Derivative
2 5 (19.23%) Foreign Exchange (FX)
2 5 (19.23%) Market Risk
3 3 (11.54%) Algorithms
3 3 (11.54%) Credit Risk
4 2 (7.69%) Derivative
Processes & Methodologies
1 21 (80.77%) Validation
2 19 (73.08%) Predictive Modelling
3 18 (69.23%) Analytics
4 17 (65.38%) Data Science
5 16 (61.54%) Data Validation
6 15 (57.69%) Data Pipeline
6 15 (57.69%) Statistical Analysis
7 13 (50.00%) Actionable Insight
7 13 (50.00%) Statistics
8 12 (46.15%) Data Modelling
8 12 (46.15%) Monetization
9 10 (38.46%) Machine Learning
10 9 (34.62%) Physics
11 8 (30.77%) Problem-Solving
12 6 (23.08%) Dashboard Development
12 6 (23.08%) Statistical Modelling
13 5 (19.23%) Artificial Intelligence
13 5 (19.23%) Financial Modelling
13 5 (19.23%) Mathematics
13 5 (19.23%) Stochastic Calculus
Programming Languages
1 23 (88.46%) Python
2 21 (80.77%) SQL
3 17 (65.38%) R
4 5 (19.23%) C#
Qualifications
1 17 (65.38%) Degree
2 5 (19.23%) Master's Degree
2 5 (19.23%) PhD
Quality Assurance & Compliance
1 5 (19.23%) Dodd-Frank
1 5 (19.23%) EMIR
1 5 (19.23%) MiFID
System Software
1 2 (7.69%) Apache Flume
Vendors
1 11 (42.31%) Facebook
2 2 (7.69%) Databricks
2 2 (7.69%) Microsoft
2 2 (7.69%) Oracle