Model Validation Contracts in the West Midlands

Model Validation
England > West Midlands

The table below provides summary statistics for contract job vacancies advertised in the West Midlands requiring Model Validation skills. It includes a benchmarking guide to the contractor rates offered in vacancies that cited Model Validation over the 6 months leading up to 31 October 2024, comparing them to the same period in the previous two years.

6 months to
31 Oct 2024
Same period 2023 Same period 2022
Rank 110 110 185
Rank change year-on-year 0 +75 -13
Contract jobs citing Model Validation 2 5 2
As % of all contract jobs advertised in the West Midlands 0.11% 0.26% 0.057%
As % of the Processes & Methodologies category 0.13% 0.31% 0.065%
Number of daily rates quoted 0 1 0
Median daily rate (50th Percentile) - £500 -
England median daily rate £550 £1,000 £760
% change year-on-year -45.00% +31.58% +29.69%
Number of hourly rates quoted 0 0 1
10th Percentile - - -
25th Percentile - - £31.50
Median hourly rate - - £32.00
75th Percentile - - £32.50
90th Percentile - - -
England median hourly rate £75.00 £80.00 £65.00
% change year-on-year -6.25% +23.08% +84.84%

All Process and Methodology Skills
West Midlands

Model Validation falls under the Processes and Methodologies category. For comparison with the information above, the following table provides summary statistics for all contract job vacancies requiring process or methodology skills in the West Midlands.

Contract vacancies with a requirement for process or methodology skills 1,573 1,635 3,100
As % of all contract IT jobs advertised in the West Midlands 83.10% 84.76% 87.89%
Number of daily rates quoted 994 1,098 2,182
10th Percentile £250 £263 £275
25th Percentile £398 £400 £400
Median daily rate (50th Percentile) £519 £500 £500
Median % change year-on-year +3.80% - +9.29%
75th Percentile £618 £600 £583
90th Percentile £713 £725 £660
England median daily rate £525 £550 £550
% change year-on-year -4.55% - +4.76%
Number of hourly rates quoted 41 57 48
10th Percentile £14.70 £16.28 £12.00
25th Percentile £17.25 £20.00 £14.36
Median hourly rate £24.18 £27.50 £17.72
Median % change year-on-year -12.07% +55.19% +18.13%
75th Percentile £35.00 £43.75 £21.39
90th Percentile £52.50 £67.50 £36.43
England median hourly rate £39.50 £44.50 £35.00
% change year-on-year -11.24% +27.14% +70.73%

Model Validation
Job Vacancy Trend in the West Midlands

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

Job vacancy trend for Model Validation in the West Midlands

Model Validation
Contractor Daily Rate Trend in the West Midlands

3-month moving average daily rate quoted in jobs citing Model Validation in the West Midlands.

Daily rate trend for Model Validation in the West Midlands

Model Validation
Contractor Hourly Rate Trend in the West Midlands

3-month moving average hourly rates quoted in jobs citing Model Validation in the West Midlands.

Hourly rate trend for Model Validation in the West Midlands

Model Validation
Contract Job Locations in the West Midlands

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Model Validation within the West Midlands region over the 6 months to 31 October 2024. 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
Jobs
Coventry +8 2 - -
Model Validation
England

Model Validation
Co-occurring Skills and Capabilities in the West Midlands by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 2 (100.00%) SAS
General
1 2 (100.00%) Analytical Skills
1 2 (100.00%) Finance
1 2 (100.00%) Retail
1 2 (100.00%) Retail Finance
Job Titles
1 2 (100.00%) Analyst
1 2 (100.00%) Risk Analyst
1 2 (100.00%) Senior
1 2 (100.00%) Senior Analyst
1 2 (100.00%) Senior Risk Analyst
Miscellaneous
1 2 (100.00%) Credit Risk
Processes & Methodologies
1 2 (100.00%) Credit Risk Modelling
1 2 (100.00%) GAP Analysis
1 2 (100.00%) Mathematics
1 2 (100.00%) Risk Management
1 2 (100.00%) Statistical Analysis
1 2 (100.00%) Statistics
1 2 (100.00%) Validation
Programming Languages
1 2 (100.00%) SQL
Qualifications
1 2 (100.00%) Degree
Quality Assurance & Compliance
1 2 (100.00%) IFRS
1 2 (100.00%) IFRS 9