Period
to 16 August 2018

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 16 August 2018 with a comparison to the same period in the previous 2 years.

Stochastic Modelling
UK
6 months to
16 Aug 2018
Same period 2017 Same period 2016
Rank 1162 1189 1246
Rank change year-on-year +27 +57 +69
Permanent jobs citing Stochastic Modelling 7 8 24
As % of all permanent IT jobs advertised in the UK 0.004% 0.005% 0.012%
As % of the Processes & Methodologies category 0.005% 0.005% 0.013%
Number of salaries quoted 4 5 20
UK median annual salary £45,000 £42,500 £40,000
Median salary % change year-on-year +5.88% +6.25% -11.11%
10th Percentile £25,000 £30,000 £36,175
90th Percentile £85,000 £47,000 £47,875
UK excluding London median annual salary £45,000 £33,750 £40,000
% change year-on-year +33.33% -15.63% +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 154,232 161,956 179,850
As % of all permanent IT jobs advertised in the UK 91.13% 91.54% 90.80%
Number of salaries quoted 122,829 128,892 150,064
UK median annual salary £50,000 £50,000 £47,500
Median salary % change year-on-year - +5.26% -
10th Percentile £29,000 £28,000 £27,500
90th Percentile £82,500 £80,000 £77,500
UK excluding London median annual salary £45,000 £42,500 £42,500
% change year-on-year +5.88% - +1.19%

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
Salary Histogram

The salary distribution of IT jobs citing Stochastic Modelling over the 6 months to 16 August 2018.

Salary histogram 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 16 August 2018. 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 +41 7 £45,000 +5.88% 2
UK excluding London +27 7 £45,000 +33.33% 1
South East -13 5 £25,000 - 1
East of England +33 2 £75,000 +76.47%

For the 6 months to 16 August 2018, 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 4 (57.14%) Degree
1 4 (57.14%) Mathematics
1 4 (57.14%) Computer Science
2 3 (42.86%) Agile Software Development
2 3 (42.86%) Maven
2 3 (42.86%) HTML
2 3 (42.86%) Java
2 3 (42.86%) JavaScript
2 3 (42.86%) SQL
2 3 (42.86%) CSS
2 3 (42.86%) XML
2 3 (42.86%) Finance
3 2 (28.57%) Python
3 2 (28.57%) PhD
3 2 (28.57%) Artificial Intelligence
3 2 (28.57%) Software Engineering
3 2 (28.57%) Data Management
3 2 (28.57%) Numerical Analysis
3 2 (28.57%) System Testing
3 2 (28.57%) Data Integration
3 2 (28.57%) Physics
3 2 (28.57%) Operations Research
3 2 (28.57%) Hadoop
3 2 (28.57%) Visualisation
3 2 (28.57%) Rapid Prototyping
3 2 (28.57%) SciPy
3 2 (28.57%) NumPy
3 2 (28.57%) Data Visualisation
3 2 (28.57%) Machine Learning
3 2 (28.57%) Big Data

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 Spark
2 1 (14.29%) Apache
2 1 (14.29%) Tomcat
Communications & Networking
1 2 (28.57%) SMS
Database & Business Intelligence
1 2 (28.57%) Big Data
1 2 (28.57%) Hadoop
2 1 (14.29%) MySQL
Development Applications
1 3 (42.86%) Maven
2 1 (14.29%) Eclipse
2 1 (14.29%) Jenkins
General
1 3 (42.86%) Finance
Job Titles
1 3 (42.86%) Developer
1 3 (42.86%) Java Developer
2 2 (28.57%) Analyst
2 2 (28.57%) Data Scientist
2 2 (28.57%) Graduate
2 2 (28.57%) Graduate Developer
2 2 (28.57%) Graduate Java Developer
2 2 (28.57%) Test Analyst
3 1 (14.29%) Java Web Developer
3 1 (14.29%) Web Developer
Libraries, Frameworks & Software Standards
1 3 (42.86%) CSS
1 3 (42.86%) HTML
1 3 (42.86%) XML
2 2 (28.57%) Keras
2 2 (28.57%) NumPy
2 2 (28.57%) Pandas
2 2 (28.57%) scikit-learn
2 2 (28.57%) SciPy
3 1 (14.29%) AngularJS
3 1 (14.29%) Drools
3 1 (14.29%) Java EE
3 1 (14.29%) jBPM
3 1 (14.29%) KnockoutJS
3 1 (14.29%) Polymer
3 1 (14.29%) React
Miscellaneous
1 4 (57.14%) Computer Science
2 2 (28.57%) Analytical Skills
2 2 (28.57%) Fintech
Operating Systems
1 1 (14.29%) Debian
1 1 (14.29%) Linux
1 1 (14.29%) Ubuntu
1 1 (14.29%) Unix
Processes & Methodologies
1 4 (57.14%) Mathematics
2 3 (42.86%) Agile Software Development
3 2 (28.57%) Analytics
3 2 (28.57%) Artificial Intelligence
3 2 (28.57%) Data Analytics
3 2 (28.57%) Data Integration
3 2 (28.57%) Data Management
3 2 (28.57%) Data Visualisation
3 2 (28.57%) Defect Management
3 2 (28.57%) Machine Learning
3 2 (28.57%) Numerical Analysis
3 2 (28.57%) Operations Research
3 2 (28.57%) Physics
3 2 (28.57%) Prototyping
3 2 (28.57%) Rapid Prototyping
3 2 (28.57%) Scenario Testing
3 2 (28.57%) Software Engineering
3 2 (28.57%) System Testing
3 2 (28.57%) Test Planning
3 2 (28.57%) Visualisation
Programming Languages
1 3 (42.86%) Java
1 3 (42.86%) JavaScript
1 3 (42.86%) SQL
2 2 (28.57%) Python
Qualifications
1 4 (57.14%) Degree
2 2 (28.57%) Computer Science Degree
2 2 (28.57%) Numerate Degree
2 2 (28.57%) PhD