Probabilistic Modelling Jobs

Probabilistic Modelling
UK

The following table provides summary statistics for permanent job vacancies with a requirement for Probabilistic Modelling skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Probabilistic Modelling over the 6 months to 1 June 2024 with a comparison to the same period in the previous 2 years.

6 months to
1 Jun 2024
Same period 2023 Same period 2022
Rank 901 945 1234
Rank change year-on-year +44 +289 -318
Permanent jobs citing Probabilistic Modelling 6 2 27
As % of all permanent jobs advertised in the UK 0.006% 0.002% 0.016%
As % of the Processes & Methodologies category 0.007% 0.002% 0.017%
Number of salaries quoted 6 2 3
10th Percentile £63,750 £83,250 £39,000
25th Percentile £67,500 £84,375 £46,875
Median annual salary (50th Percentile) £70,000 £92,500 £60,000
Median % change year-on-year -24.32% +54.17% -22.58%
75th Percentile £78,125 £104,375 -
90th Percentile £80,625 £107,750 -
UK excluding London median annual salary £70,000 - -

All Process and Methodology Skills
UK

Probabilistic 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.

Permanent vacancies with a requirement for process or methodology skills 87,829 90,354 161,874
As % of all permanent jobs advertised in the UK 83.68% 95.46% 95.93%
Number of salaries quoted 61,251 54,292 82,971
10th Percentile £29,250 £34,000 £33,500
25th Percentile £40,000 £45,000 £43,750
Median annual salary (50th Percentile) £55,000 £60,800 £60,000
Median % change year-on-year -9.54% +1.33% +9.09%
75th Percentile £72,500 £81,250 £80,000
90th Percentile £92,500 £100,000 £96,250
UK excluding London median annual salary £50,000 £55,000 £52,500
% change year-on-year -9.09% +4.76% +9.38%

Probabilistic Modelling
Job Vacancy Trend

Job postings citing Probabilistic Modelling as a proportion of all IT jobs advertised.

Job vacancy trend for Probabilistic Modelling in the UK

Probabilistic Modelling
Salary Trend

3-month moving average salary quoted in jobs citing Probabilistic Modelling.

Salary trend for Probabilistic Modelling in the UK

Probabilistic Modelling
Top 5 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Probabilistic Modelling within the UK over the 6 months to 1 June 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England +40 6 £70,000 -24.32% 4
Work from Home - 6 £70,000 - 3
UK excluding London - 6 £70,000 - 1
East of England - 4 £70,000 -
South West - 2 £73,750 - 1

Probabilistic Modelling
Co-occurring Skills and Capabilities 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:

Cloud Services
1 4 (66.67%) SaaS
Database & Business Intelligence
1 2 (33.33%) Big Data
Development Applications
1 1 (16.67%) Git
General
1 4 (66.67%) Automotive
2 2 (33.33%) Finance
2 2 (33.33%) Social Skills
3 1 (16.67%) Analytical Skills
Job Titles
1 4 (66.67%) Machine Learning Researcher
2 2 (33.33%) Data Scientist
2 2 (33.33%) Senior
2 2 (33.33%) Senior Data Scientist
Libraries, Frameworks & Software Standards
1 4 (66.67%) NumPy
1 4 (66.67%) PyTorch
1 4 (66.67%) TensorFlow
2 2 (33.33%) PySpark
3 1 (16.67%) Pandas
Miscellaneous
1 4 (66.67%) Client/Server
2 2 (33.33%) Reinsurance
3 1 (16.67%) Team-Oriented Environment
Processes & Methodologies
1 6 (100.00%) Machine Learning
1 6 (100.00%) Statistics
2 4 (66.67%) Artificial Intelligence
2 4 (66.67%) Bayesian Methods
2 4 (66.67%) Decision-Making
2 4 (66.67%) Neural Network
2 4 (66.67%) Open Source
2 4 (66.67%) Reinforcement Learning
3 2 (33.33%) Agile
3 2 (33.33%) Analytics
3 2 (33.33%) Computer Science
3 2 (33.33%) Cybersecurity
3 2 (33.33%) Data Analysis
3 2 (33.33%) Data Science
3 2 (33.33%) Financial Modelling
3 2 (33.33%) Mathematics
3 2 (33.33%) Monte Carlo Method
3 2 (33.33%) Problem-Solving
3 2 (33.33%) Risk Assessment
3 2 (33.33%) Risk Management
Programming Languages
1 6 (100.00%) Python
2 2 (33.33%) SQL
Qualifications
1 6 (100.00%) Degree
2 5 (83.33%) PhD
3 2 (33.33%) Computer Science Degree
4 1 (16.67%) Master's Degree
Quality Assurance & Compliance
1 1 (16.67%) Data Quality
Vendors
1 2 (33.33%) Databricks