Period
to 15 January 2019

The following table provides summary statistics for permanent job vacancies with a requirement for Stochastic Modelling skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Stochastic Modelling over the 6 months to 15 January 2019 with a comparison to the same period in the previous 2 years.

Stochastic Modelling
UK
6 months to
15 Jan 2019
Same period 2018 Same period 2017
Rank 1103 1154 1156
Rank change year-on-year +51 +2 +128
Permanent jobs citing Stochastic Modelling 7 20 41
As % of all permanent IT jobs advertised in the UK 0.005% 0.012% 0.023%
As % of the Processes & Methodologies category 0.005% 0.013% 0.026%
Number of salaries quoted 0 4 22
UK median annual salary - £43,750 £40,000
Median salary % change year-on-year - +9.38% -5.88%
UK excluding London median annual salary - £42,500 £40,000
% change year-on-year - +6.25% +56.86%

Stochastic Modelling 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 with a requirement for process or methodology skills.

All Process and Methodology Skills
UK
Permanent vacancies with a requirement for process or methodology skills 138,593 158,261 159,979
As % of all permanent IT jobs advertised in the UK 91.70% 91.83% 91.34%
Number of salaries quoted 109,345 127,075 132,278
UK median annual salary £52,500 £50,000 £48,000
Median salary % change year-on-year +5.00% +4.17% +1.05%
10th Percentile £29,900 £28,500 £27,750
90th Percentile £85,000 £80,000 £78,750
UK excluding London median annual salary £45,000 £45,000 £42,500
% change year-on-year - +5.88% -

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
Salary Trend

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing Stochastic Modelling.

Salary trend for Stochastic Modelling in the UK

Stochastic Modelling
Top 4 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Stochastic Modelling within the UK over the 6 months to 15 January 2019. 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +46 7 - - 4
London +42 4 - - 3
UK excluding London +33 3 - - 1
South East +20 3 - - 1

For the 6 months to 15 January 2019, IT jobs citing Stochastic Modelling 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 with a requirement for Stochastic Modelling.

1 7 (100.00%) Degree
1 7 (100.00%) Mathematics
1 7 (100.00%) Analytical Skills
2 5 (71.43%) Finance
3 4 (57.14%) Multivariate Analysis
3 4 (57.14%) Physics
3 4 (57.14%) Biology
3 4 (57.14%) Computer Science
3 4 (57.14%) SQL
3 4 (57.14%) Data Warehouse
3 4 (57.14%) MATLAB
3 4 (57.14%) Data Analysis
3 4 (57.14%) Bioinformatics
3 4 (57.14%) Economics
3 4 (57.14%) Statistics
3 4 (57.14%) Operations Research
3 4 (57.14%) Data Structures
3 4 (57.14%) BigQuery
3 4 (57.14%) Google Cloud Platform
3 4 (57.14%) Julia
3 4 (57.14%) Computational Biology
3 4 (57.14%) Business Forecasting
3 4 (57.14%) Predictive Modelling
3 4 (57.14%) R
3 4 (57.14%) Machine Learning
3 4 (57.14%) Big Data
3 4 (57.14%) Analytics
3 4 (57.14%) Amazon Redshift
3 4 (57.14%) Data Science
4 3 (42.86%) Problem-Solving

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:

Cloud Services
1 4 (57.14%) Google Cloud Platform
Database & Business Intelligence
1 4 (57.14%) Amazon Redshift
1 4 (57.14%) Big Data
1 4 (57.14%) BigQuery
1 4 (57.14%) Data Warehouse
General
1 5 (71.43%) Finance
Job Titles
1 4 (57.14%) Data Scientist
2 2 (28.57%) Analyst
2 2 (28.57%) Test Analyst
3 1 (14.29%) Actuarial Consultant
3 1 (14.29%) Consultant
Miscellaneous
1 7 (100.00%) Analytical Skills
2 4 (57.14%) Data Structures
3 3 (42.86%) Fintech
Processes & Methodologies
1 7 (100.00%) Mathematics
2 4 (57.14%) Analytics
2 4 (57.14%) Bioinformatics
2 4 (57.14%) Biology
2 4 (57.14%) Business Forecasting
2 4 (57.14%) Computational Biology
2 4 (57.14%) Computer Science
2 4 (57.14%) Data Analysis
2 4 (57.14%) Data Science
2 4 (57.14%) Economics
2 4 (57.14%) Machine Learning
2 4 (57.14%) Multivariate Analysis
2 4 (57.14%) Operations Research
2 4 (57.14%) Physics
2 4 (57.14%) Predictive Modelling
2 4 (57.14%) Statistics
3 3 (42.86%) Defect Management
3 3 (42.86%) Problem-Solving
3 3 (42.86%) Scenario Testing
3 3 (42.86%) Test Planning
Programming Languages
1 4 (57.14%) Julia
1 4 (57.14%) MATLAB
1 4 (57.14%) R
1 4 (57.14%) SQL
Qualifications
1 7 (100.00%) Degree
2 3 (42.86%) Numerate Degree