Mathematical Modelling Contracts

Mathematical Modelling
UK

The table below provides summary statistics for contract job vacancies requiring Mathematical Modelling skills. It includes a benchmarking guide to the contractor rates offered in vacancies that cited Mathematical 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 549 674 820
Rank change year-on-year +125 +146 -124
Contract jobs citing Mathematical Modelling 35 23 28
As % of all contract jobs advertised in the UK 0.080% 0.041% 0.032%
As % of the Processes & Methodologies category 0.094% 0.046% 0.035%
Number of daily rates quoted 17 12 10
10th Percentile £583 £501 £557
25th Percentile £619 £588 £578
Median daily rate (50th Percentile) £638 £738 £713
Median % change year-on-year -13.56% +3.51% +1.79%
75th Percentile £875 £825 £800
90th Percentile - £870 £886
UK excluding London median daily rate - £513 -
Number of hourly rates quoted 6 0 14
10th Percentile £56.25 - -
25th Percentile - - -
Median hourly rate £60.00 - £60.00
75th Percentile - - -
90th Percentile - - -
UK excluding London median hourly rate £60.00 - £60.00
% change year-on-year - - +7.45%

All Process and Methodology Skills
UK

Mathematical 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% -

Mathematical Modelling
Job Vacancy Trend

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

Job vacancy trend for Mathematical Modelling in the UK

Mathematical Modelling
Contractor Daily Rate Trend

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

Daily rate trend for Mathematical Modelling in the UK

Mathematical Modelling
Daily Rate Histogram

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

Daily rate histogram for Mathematical Modelling in the UK

Mathematical Modelling
Contractor Hourly Rate Trend

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

Hourly rate trend for Mathematical Modelling in the UK

Mathematical Modelling
Top 7 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Mathematical 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 +97 33 £638 -13.56% 35
London +91 24 £638 -20.31% 6
UK excluding London +33 11 - - 28
East of England - 8 - - 3
Work from Home +117 6 £850 +33.33% 6
Scotland - 2 - -
South West +1 1 - - 6

Mathematical 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 1 (2.86%) SharePoint
Applications
1 7 (20.00%) Simulink
2 5 (14.29%) Microsoft Excel
3 1 (2.86%) Microsoft PowerPoint
3 1 (2.86%) Microsoft Project
3 1 (2.86%) MS Visio
Cloud Services
1 9 (25.71%) Azure
2 7 (20.00%) Azure DevOps
2 7 (20.00%) GitHub
3 4 (11.43%) AWS
Database & Business Intelligence
1 7 (20.00%) NoSQL
2 1 (2.86%) KDB
2 1 (2.86%) Kdb+
Development Applications
1 5 (14.29%) Git
1 5 (14.29%) Visual Studio
2 1 (2.86%) Team Foundation Server
General
1 12 (34.29%) Finance
2 11 (31.43%) Front Office
3 4 (11.43%) Banking
3 4 (11.43%) Investment Banking
4 3 (8.57%) Presentation Skills
4 3 (8.57%) Social Skills
5 2 (5.71%) Analytical Skills
6 1 (2.86%) Aerospace
6 1 (2.86%) Aviation
6 1 (2.86%) Law
6 1 (2.86%) Manufacturing
Job Titles
1 14 (40.00%) Senior
2 12 (34.29%) Python Engineer
3 9 (25.71%) Developer
3 9 (25.71%) Software Engineer
4 7 (20.00%) C Software Engineer
4 7 (20.00%) C/C++ Software Engineer
4 7 (20.00%) C++ Software Engineer
4 7 (20.00%) Linux Engineer
4 7 (20.00%) Quantitative Developer
5 6 (17.14%) Real Time Engineer
5 6 (17.14%) Real Time Software Engineer
6 4 (11.43%) Analyst
6 4 (11.43%) Qualitative Analyst
6 4 (11.43%) Quantitative Analyst
7 3 (8.57%) Senior Developer
7 3 (8.57%) Senior Quantitative Developer
8 2 (5.71%) Energy Trading Developer
8 2 (5.71%) Python Developer
8 2 (5.71%) Senior Python Developer
8 2 (5.71%) Senior Software Engineer
Libraries, Frameworks & Software Standards
1 19 (54.29%) NumPy
1 19 (54.29%) Pandas
1 19 (54.29%) SciPy
2 1 (2.86%) .NET
2 1 (2.86%) .NET Framework
2 1 (2.86%) Entity Framework
2 1 (2.86%) Managed Extensibility Framework
2 1 (2.86%) Silverlight
2 1 (2.86%) WCF
2 1 (2.86%) WPF
Miscellaneous
1 7 (20.00%) Derivative
2 4 (11.43%) Distributed Computing
2 4 (11.43%) Equities
2 4 (11.43%) Fixed Income
2 4 (11.43%) Foreign Exchange (FX)
2 4 (11.43%) Renewable Energy
3 2 (5.71%) Algorithms
3 2 (5.71%) Data Protection Act
3 2 (5.71%) Solar Panel
4 1 (2.86%) Self-Motivation
Operating Systems
1 11 (31.43%) Linux
2 5 (14.29%) Windows
3 4 (11.43%) Unix
Processes & Methodologies
1 35 (100.00%) Mathematics
2 17 (48.57%) Software Engineering
3 10 (28.57%) Artificial Intelligence
3 10 (28.57%) Computer Science
3 10 (28.57%) Decision Intelligence
4 8 (22.86%) Data Analysis
5 7 (20.00%) Applied Mathematics
5 7 (20.00%) Architectural Patterns
5 7 (20.00%) Backtesting
5 7 (20.00%) CI/CD
5 7 (20.00%) Data Pipeline
5 7 (20.00%) DevOps
5 7 (20.00%) Financial Modelling
5 7 (20.00%) Hardware-in-the-Loop
5 7 (20.00%) Multithreading
5 7 (20.00%) Product Requirements
5 7 (20.00%) Test Automation
5 7 (20.00%) Visualisation
6 5 (14.29%) Physics
7 4 (11.43%) Numerical Analysis
Programming Languages
1 25 (71.43%) Python
2 22 (62.86%) C++
3 11 (31.43%) Java
4 9 (25.71%) Rust
4 9 (25.71%) SQL
5 7 (20.00%) C
5 7 (20.00%) MATLAB
6 6 (17.14%) Perl
7 5 (14.29%) C#
8 4 (11.43%) Shell Script
8 4 (11.43%) VBA
9 1 (2.86%) XAML
Qualifications
1 14 (40.00%) Degree
2 4 (11.43%) Numerate Degree
3 2 (5.71%) Computer Science Degree
4 1 (2.86%) BPSS Clearance
4 1 (2.86%) Master's Degree
4 1 (2.86%) PhD
4 1 (2.86%) SC Cleared
4 1 (2.86%) Security Cleared
Vendors
1 1 (2.86%) JDA
1 1 (2.86%) Twitter