Financial Modelling Contracts

Financial Modelling
UK

The table below provides summary statistics for contract job vacancies requiring Financial Modelling skills. It includes a benchmarking guide to the contractor rates offered in vacancies that cited Financial Modelling over the 6 months leading up to 12 June 2024, comparing them to the same period in the previous two years.

6 months to
12 Jun 2024
Same period 2023 Same period 2022
Rank 514 648 719
Rank change year-on-year +134 +71 -58
Contract jobs citing Financial Modelling 70 49 129
As % of all contract jobs advertised in the UK 0.16% 0.088% 0.15%
As % of the Processes & Methodologies category 0.19% 0.098% 0.16%
Number of daily rates quoted 29 31 93
10th Percentile £437 £363 £425
25th Percentile £460 £488 £475
Median daily rate (50th Percentile) £575 £625 £554
Median % change year-on-year -8.00% +12.82% +10.80%
75th Percentile £775 £799 £676
90th Percentile £1,008 £950 £745
UK excluding London median daily rate £575 £525 £565
% change year-on-year +9.52% -7.00% -4.93%
Number of hourly rates quoted 0 1 2
10th Percentile - - £32.00
25th Percentile - £22.00 £41.75
Median hourly rate - £24.00 £58.50
Median % change year-on-year - -58.97% +62.14%
75th Percentile - £26.00 £75.25
90th Percentile - - £85.00
UK excluding London median hourly rate - £24.00 £26.00
% change year-on-year - -7.69% -

All Process and Methodology Skills
UK

Financial Modelling 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.

Contract vacancies with a requirement for process or methodology skills 37,178 49,770 79,013
As % of all contract IT jobs advertised in the UK 85.13% 89.61% 90.64%
Number of daily rates quoted 23,737 34,458 55,587
10th Percentile £300 £325 £350
25th Percentile £413 £438 £436
Median daily rate (50th Percentile) £525 £550 £538
Median % change year-on-year -4.55% +2.33% +7.50%
75th Percentile £638 £650 £650
90th Percentile £750 £750 £743
UK excluding London median daily rate £500 £500 £490
% change year-on-year - +2.04% +8.89%
Number of hourly rates quoted 2,579 1,678 1,852
10th Percentile £12.75 £10.96 £12.50
25th Percentile £16.00 £15.75 £15.90
Median hourly rate £37.00 £35.65 £26.00
Median % change year-on-year +3.79% +37.12% +13.04%
75th Percentile £61.28 £65.00 £50.15
90th Percentile £72.50 £75.00 £65.25
UK excluding London median hourly rate £38.12 £34.90 £21.00
% change year-on-year +9.23% +66.18% -

Financial Modelling
Job Vacancy Trend

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

Job vacancy trend for Financial Modelling in the UK

Financial Modelling
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Financial Modelling.

Daily rate trend for Financial Modelling in the UK

Financial Modelling
Daily Rate Histogram

Daily rate distribution for jobs citing Financial Modelling over the 6 months to 12 June 2024.

Daily rate histogram for Financial Modelling in the UK

Financial Modelling
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Financial Modelling.

Hourly rate trend for Financial Modelling in the UK

Financial Modelling
Top 11 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Financial Modelling within the UK over the 6 months to 12 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
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
England +105 60 £596 -4.60% 189
London +98 44 £725 +16.00% 130
Work from Home +107 21 £650 -3.70% 50
UK excluding London +32 16 £575 +9.52% 55
South East +18 7 - - 21
North of England +21 5 £575 +22.34% 8
North West - 4 £575 - 4
Midlands +19 3 £618 - 17
West Midlands - 3 £618 - 8
Scotland +47 1 £350 -15.15% 1
Yorkshire +14 1 - - 4

Financial 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:

Application Platforms
1 4 (5.71%) Confluence
Applications
1 17 (24.29%) Microsoft Excel
2 5 (7.14%) CPLEX
2 5 (7.14%) Microsoft Office
3 3 (4.29%) MS Visio
4 2 (2.86%) Spreadsheet
5 1 (1.43%) Microsoft PowerPoint
Business Applications
1 1 (1.43%) Cloudability
Cloud Services
1 16 (22.86%) Azure
2 11 (15.71%) Power Platform
3 10 (14.29%) AWS
4 8 (11.43%) Azure DevOps
4 8 (11.43%) GitHub
5 5 (7.14%) GCP
6 1 (1.43%) Dynamics 365
6 1 (1.43%) IaaS
6 1 (1.43%) Microsoft 365
6 1 (1.43%) PaaS
6 1 (1.43%) SaaS
Communications & Networking
1 3 (4.29%) Skype
2 1 (1.43%) TCP/IP
Database & Business Intelligence
1 11 (15.71%) Power BI
2 9 (12.86%) NoSQL
3 5 (7.14%) Tableau
4 1 (1.43%) Data Warehouse
4 1 (1.43%) Relational Database
Development Applications
1 5 (7.14%) GitLab
1 5 (7.14%) Robot Framework
1 5 (7.14%) Selenium
2 2 (2.86%) JIRA
3 1 (1.43%) Git
3 1 (1.43%) Team Foundation Server
General
1 70 (100.00%) Finance
2 28 (40.00%) Analytical Skills
3 27 (38.57%) Social Skills
4 14 (20.00%) Banking
5 9 (12.86%) Front Office
6 8 (11.43%) Investment Banking
7 7 (10.00%) Legal
7 7 (10.00%) Presentation Skills
8 6 (8.57%) Retail
9 5 (7.14%) Corporate Banking
9 5 (7.14%) Law
9 5 (7.14%) Retail Banking
9 5 (7.14%) Wholesale Banking
10 4 (5.71%) Inclusion and Diversity
10 4 (5.71%) Organisational Skills
11 3 (4.29%) Police
11 3 (4.29%) Public Sector
11 3 (4.29%) Telecoms
12 1 (1.43%) Billing
12 1 (1.43%) Games
Job Titles
1 30 (42.86%) Analyst
2 18 (25.71%) Developer
3 11 (15.71%) Financial Analyst
3 11 (15.71%) Python Developer
4 10 (14.29%) Senior
5 8 (11.43%) Quantitative Developer
6 7 (10.00%) Commercial Analyst
7 6 (8.57%) Senior Analyst
8 5 (7.14%) Business Analyst
8 5 (7.14%) Qualitative Analyst
8 5 (7.14%) Quantitative Analyst
9 4 (5.71%) Consultant
9 4 (5.71%) IT Consultant
9 4 (5.71%) Senior Developer
9 4 (5.71%) Senior Quantitative Developer
10 3 (4.29%) Business Manager
10 3 (4.29%) Credit Analyst
10 3 (4.29%) Head of Analytics
10 3 (4.29%) Project Manager
10 3 (4.29%) Senior Research Analyst
Libraries, Frameworks & Software Standards
1 13 (18.57%) Pandas
2 8 (11.43%) NumPy
2 8 (11.43%) SciPy
3 5 (7.14%) Django
3 5 (7.14%) Flask
3 5 (7.14%) pytest
4 1 (1.43%) DCOM
4 1 (1.43%) FIX Protocol
4 1 (1.43%) FpML
4 1 (1.43%) Middleware
Miscellaneous
1 9 (12.86%) Derivative
2 8 (11.43%) Credit Risk
3 3 (4.29%) Analytical Mindset
3 3 (4.29%) Reference Data
4 2 (2.86%) Fixed Income
4 2 (2.86%) Renewable Energy
4 2 (2.86%) Solar Panel
5 1 (1.43%) Algorithms
5 1 (1.43%) Data Centre
5 1 (1.43%) Data Protection Act
5 1 (1.43%) Data Structures
5 1 (1.43%) Equity Risk
5 1 (1.43%) Foreign Exchange (FX)
5 1 (1.43%) Hybrid Cloud
5 1 (1.43%) Mainframe
5 1 (1.43%) Management Information System
5 1 (1.43%) PMI
5 1 (1.43%) Reinsurance
5 1 (1.43%) Sports Betting
5 1 (1.43%) Team-Oriented Environment
Operating Systems
1 1 (1.43%) Linux
1 1 (1.43%) Unix
Processes & Methodologies
1 14 (20.00%) Agile
1 14 (20.00%) DevOps
2 13 (18.57%) Analytics
2 13 (18.57%) CI/CD
2 13 (18.57%) Computer Science
2 13 (18.57%) Test Automation
3 11 (15.71%) Risk Management
3 11 (15.71%) Software Engineering
4 10 (14.29%) Business Case
5 9 (12.86%) Budgeting
5 9 (12.86%) Business Intelligence
5 9 (12.86%) Mathematics
6 8 (11.43%) Backtesting
6 8 (11.43%) Data Pipeline
6 8 (11.43%) Data Science
6 8 (11.43%) Decision-Making
6 8 (11.43%) Product Requirements
6 8 (11.43%) Project Management
7 7 (10.00%) Budgeting and Forecasting
7 7 (10.00%) Problem-Solving
Programming Languages
1 20 (28.57%) Python
2 14 (20.00%) SQL
3 8 (11.43%) C++
3 8 (11.43%) Java
3 8 (11.43%) Rust
4 4 (5.71%) VBA
5 3 (4.29%) MATLAB
Qualifications
1 23 (32.86%) Degree
2 11 (15.71%) ACCA
3 7 (10.00%) CIMA
4 5 (7.14%) Computer Science Degree
4 5 (7.14%) SC Cleared
4 5 (7.14%) Security Cleared
5 4 (5.71%) Master's Degree
6 3 (4.29%) CFA
6 3 (4.29%) MBA
6 3 (4.29%) Postgraduate
7 1 (1.43%) CBAP
7 1 (1.43%) PMI Certification
Quality Assurance & Compliance
1 1 (1.43%) PMO
1 1 (1.43%) SEPA
Vendors
1 7 (10.00%) Microsoft
2 5 (7.14%) Google
3 4 (5.71%) Oracle
4 2 (2.86%) Anaplan
4 2 (2.86%) IFS
4 2 (2.86%) SAP
5 1 (1.43%) Adaptive Insights