Statistical Modelling Contracts

Statistical Modelling
UK

The table below provides summary statistics for contract job vacancies requiring Statistical Modelling skills. It includes a benchmarking guide to the contractor rates offered in vacancies that cited Statistical 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 538 649 722
Rank change year-on-year +111 +73 -113
Contract jobs citing Statistical Modelling 46 48 126
As % of all contract jobs advertised in the UK 0.11% 0.086% 0.14%
As % of the Processes & Methodologies category 0.12% 0.096% 0.16%
Number of daily rates quoted 26 30 84
10th Percentile £231 £378 £159
25th Percentile £420 £508 £450
Median daily rate (50th Percentile) £538 £625 £550
Median % change year-on-year -14.00% +13.64% -
75th Percentile £631 £1,041 £625
90th Percentile £839 £1,171 £653
UK excluding London median daily rate £538 £650 £500
% change year-on-year -17.31% +30.00% -8.26%
Number of hourly rates quoted 7 0 3
10th Percentile £20.80 - -
25th Percentile £21.25 - -
Median hourly rate £21.86 - £19.52
75th Percentile £23.82 - -
90th Percentile £24.07 - -
UK excluding London median hourly rate £23.22 - £19.52
% change year-on-year - - +15.09%

All Process and Methodology Skills
UK

Statistical 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% -

Statistical Modelling
Job Vacancy Trend

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

Job vacancy trend for Statistical Modelling in the UK

Statistical Modelling
Contractor Daily Rate Trend

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

Daily rate trend for Statistical Modelling in the UK

Statistical Modelling
Daily Rate Histogram

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

Daily rate histogram for Statistical Modelling in the UK

Statistical Modelling
Contractor Hourly Rate Trend

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

Hourly rate trend for Statistical Modelling in the UK

Statistical 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 Statistical 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 +76 34 £513 -21.15% 89
London +73 23 £538 -25.86% 57
Work from Home +121 18 £238 -59.57% 50
UK excluding London +33 13 £538 -17.31% 34
South East +18 4 - - 11
Wales - 4 £481 - 2
Scotland +50 2 £650 - 3
North of England +12 1 £525 -19.23% 6
North West +10 1 £525 -19.23% 3
East of England +5 1 - - 3
South West +2 1 - - 5

Statistical 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 8 (17.39%) SAS
2 3 (6.52%) Apache Spark
3 2 (4.35%) Jupyter
4 1 (2.17%) SharePoint
Applications
1 8 (17.39%) Microsoft Excel
1 8 (17.39%) SPSS
2 1 (2.17%) Microsoft PowerPoint
2 1 (2.17%) Microsoft Project
2 1 (2.17%) MS Visio
2 1 (2.17%) Spreadsheet
Business Applications
1 1 (2.17%) SAP IBP
Cloud Services
1 8 (17.39%) Azure
2 7 (15.22%) Power Platform
3 5 (10.87%) AWS
4 3 (6.52%) GCP
4 3 (6.52%) Microsoft 365
5 1 (2.17%) Amazon SageMaker
5 1 (2.17%) ChatGPT
5 1 (2.17%) Cloud Computing
5 1 (2.17%) WhatsApp
Database & Business Intelligence
1 7 (15.22%) Power BI
2 6 (13.04%) Data Mining
3 3 (6.52%) BusinessObjects XI
3 3 (6.52%) Power Query
3 3 (6.52%) PowerPivot
3 3 (6.52%) SAS Enterprise Guide
4 2 (4.35%) KDB
4 2 (4.35%) Tableau
5 1 (2.17%) BigQuery
5 1 (2.17%) Looker
5 1 (2.17%) MongoDB
5 1 (2.17%) NoSQL
5 1 (2.17%) Qlik Sense
Development Applications
1 11 (23.91%) Git
2 2 (4.35%) Visual Studio
3 1 (2.17%) Team Foundation Server
General
1 14 (30.43%) Analytical Skills
2 11 (23.91%) Social Skills
3 6 (13.04%) Finance
4 5 (10.87%) Marketing
5 3 (6.52%) Local Government
6 2 (4.35%) Manufacturing
6 2 (4.35%) Public Sector
7 1 (2.17%) Advertising
7 1 (2.17%) Inclusion and Diversity
7 1 (2.17%) Influencing Skills
7 1 (2.17%) Pharmaceutical
7 1 (2.17%) Presentation Skills
7 1 (2.17%) Publishing
7 1 (2.17%) Retail
Job Titles
1 23 (50.00%) Data Scientist
2 5 (10.87%) Senior Data Scientist
3 4 (8.70%) Analyst
3 4 (8.70%) Data Analyst
3 4 (8.70%) Lead
3 4 (8.70%) Senior
4 3 (6.52%) Business Manager
4 3 (6.52%) Developer
4 3 (6.52%) Insight Manager
4 3 (6.52%) Performance Manager
5 2 (4.35%) Consultant
5 2 (4.35%) Econometrician
6 1 (2.17%) Automation Tester
6 1 (2.17%) C# Developer
6 1 (2.17%) Data Modeller
6 1 (2.17%) Marketing Data Analyst
6 1 (2.17%) SAP Developer
6 1 (2.17%) Solutions Architect
6 1 (2.17%) Technical Analyst
6 1 (2.17%) WPF Developer
Libraries, Frameworks & Software Standards
1 5 (10.87%) Pandas
2 2 (4.35%) .NET
2 2 (4.35%) NumPy
3 1 (2.17%) .NET Framework
3 1 (2.17%) D3.js
3 1 (2.17%) Entity Framework
3 1 (2.17%) JSON
3 1 (2.17%) Managed Extensibility Framework
3 1 (2.17%) Matplotlib
3 1 (2.17%) Plotly
3 1 (2.17%) PySpark
3 1 (2.17%) REST
3 1 (2.17%) scikit-learn
3 1 (2.17%) SciPy
3 1 (2.17%) Shiny
3 1 (2.17%) Silverlight
3 1 (2.17%) Swagger
3 1 (2.17%) WCF
3 1 (2.17%) WPF
3 1 (2.17%) YAML
Miscellaneous
1 13 (28.26%) Algorithms
2 4 (8.70%) Social Media
3 3 (6.52%) Credit Risk
3 3 (6.52%) Linked Data
3 3 (6.52%) Management Information System
3 3 (6.52%) Multi-touch
4 2 (4.35%) Data Protection Act
4 2 (4.35%) Fixed Income
4 2 (4.35%) Self-Motivation
5 1 (2.17%) Blog
Operating Systems
1 1 (2.17%) Windows
Processes & Methodologies
1 28 (60.87%) Data Science
2 22 (47.83%) Mathematics
3 17 (36.96%) Computer Science
3 17 (36.96%) Data Analysis
3 17 (36.96%) Machine Learning
3 17 (36.96%) Statistics
4 10 (21.74%) Business Intelligence
4 10 (21.74%) Decision-Making
4 10 (21.74%) Visualisation
5 9 (19.57%) Analytics
6 8 (17.39%) Physics
6 8 (17.39%) Statistical Analysis
6 8 (17.39%) Time Series Analysis
7 7 (15.22%) Bayesian Methods
7 7 (15.22%) Data Visualisation
8 6 (13.04%) Artificial Intelligence
8 6 (13.04%) Data Pipeline
8 6 (13.04%) Open Source
8 6 (13.04%) Problem-Solving
8 6 (13.04%) Validation
Programming Languages
1 35 (76.09%) Python
2 22 (47.83%) R
3 19 (41.30%) SQL
4 4 (8.70%) C#
5 3 (6.52%) Java
6 1 (2.17%) C++
6 1 (2.17%) MATLAB
6 1 (2.17%) XAML
Qualifications
1 18 (39.13%) Degree
2 9 (19.57%) PhD
3 7 (15.22%) Master's Degree
4 3 (6.52%) Computer Science Degree
4 3 (6.52%) SC Cleared
4 3 (6.52%) Security Cleared
5 2 (4.35%) BPSS Clearance
5 2 (4.35%) Numerate Degree
Quality Assurance & Compliance
1 5 (10.87%) Data Quality
2 1 (2.17%) QA
System Software
1 1 (2.17%) Docker
Vendors
1 4 (8.70%) Microsoft
2 3 (6.52%) Salesforce
3 2 (4.35%) Google
4 1 (2.17%) Adobe
4 1 (2.17%) Cognos
4 1 (2.17%) Databricks
4 1 (2.17%) JDA
4 1 (2.17%) SAP