Analytical Modelling Contracts

Analytical Modelling
UK

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

6 months to
2 Jun 2024
Same period 2023 Same period 2022
Rank 545 658 801
Rank change year-on-year +113 +143 -119
Contract jobs citing Analytical Modelling 34 26 40
As % of all contract jobs advertised in the UK 0.079% 0.046% 0.046%
As % of the Processes & Methodologies category 0.092% 0.051% 0.050%
Number of daily rates quoted 17 7 15
10th Percentile £443 £465 £435
25th Percentile £463 £478 £469
Median daily rate (50th Percentile) £550 £525 £510
Median % change year-on-year +4.76% +2.94% -6.42%
75th Percentile £950 £665 £534
90th Percentile £1,010 £735 £580
UK excluding London median daily rate £500 £488 £482
% change year-on-year +2.56% +1.14% +8.31%
Number of hourly rates quoted 1 0 0
10th Percentile - - -
25th Percentile £46.75 - -
Median hourly rate £48.50 - -
75th Percentile £50.25 - -
90th Percentile - - -
UK excluding London median hourly rate - - -

All Process and Methodology Skills
UK

Analytical Modelling is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 36,816 50,571 79,556
As % of all contract IT jobs advertised in the UK 85.44% 89.70% 90.62%
Number of daily rates quoted 23,638 35,025 55,934
10th Percentile £300 £325 £348
25th Percentile £413 £438 £433
Median daily rate (50th Percentile) £525 £550 £538
Median % change year-on-year -4.55% +2.33% +7.50%
75th Percentile £638 £650 £644
90th Percentile £750 £750 £738
UK excluding London median daily rate £500 £500 £488
% change year-on-year - +2.56% +8.33%
Number of hourly rates quoted 2,533 1,671 1,865
10th Percentile £12.75 £10.63 £12.50
25th Percentile £16.00 £15.57 £15.63
Median hourly rate £36.50 £36.00 £25.68
Median % change year-on-year +1.39% +40.19% +9.70%
75th Percentile £60.75 £65.00 £50.00
90th Percentile £72.50 £75.00 £65.00
UK excluding London median hourly rate £38.12 £35.00 £20.00
% change year-on-year +8.91% +75.00% -4.88%

Analytical Modelling
Job Vacancy Trend

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

Job vacancy trend for Analytical Modelling in the UK

Analytical Modelling
Contractor Daily Rate Trend

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

Daily rate trend for Analytical Modelling in the UK

Analytical Modelling
Daily Rate Histogram

Daily rate distribution for jobs citing Analytical Modelling over the 6 months to 2 June 2024.

Daily rate histogram for Analytical Modelling in the UK

Analytical Modelling
Contractor Hourly Rate Trend

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

Hourly rate trend for Analytical Modelling in the UK

Analytical Modelling
Top 9 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Analytical Modelling within the UK over the 6 months to 2 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 +108 33 £550 -15.38% 43
London +103 20 £750 +14.94% 26
Work from Home +117 18 £900 +77.78% 9
UK excluding London +56 13 £500 +2.56% 17
South East +19 10 £500 - 8
North of England +30 2 £425 - 4
East of England +8 1 £600 +14.29% 1
North East - 1 - -
North West - 1 £425 - 2

Analytical 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 3 (8.82%) Appian
1 3 (8.82%) Confluence
2 1 (2.94%) Apache Spark
Applications
1 6 (17.65%) Microsoft Excel
2 4 (11.76%) Simulink
3 3 (8.82%) SPSS
Business Applications
1 1 (2.94%) Cloudability
Cloud Services
1 4 (11.76%) Power Platform
2 3 (8.82%) AWS
2 3 (8.82%) Microsoft 365
3 2 (5.88%) Azure
3 2 (5.88%) GCP
4 1 (2.94%) Cloud Computing
4 1 (2.94%) dbt
4 1 (2.94%) GitHub
4 1 (2.94%) GitHub Actions
4 1 (2.94%) Google Analytics
4 1 (2.94%) Serverless
Database & Business Intelligence
1 4 (11.76%) Data Warehouse
1 4 (11.76%) Power BI
2 3 (8.82%) BusinessObjects XI
2 3 (8.82%) NoSQL
2 3 (8.82%) Power Query
2 3 (8.82%) PowerPivot
2 3 (8.82%) Relational Database
2 3 (8.82%) Tableau
3 2 (5.88%) Data Lake
3 2 (5.88%) Metadata
3 2 (5.88%) RDBMS
4 1 (2.94%) Amazon Athena
4 1 (2.94%) Amazon Redshift
4 1 (2.94%) BigQuery
Development Applications
1 4 (11.76%) JIRA
2 2 (5.88%) ER Studio
2 2 (5.88%) ERwin
3 1 (2.94%) Git
3 1 (2.94%) PyCharm
3 1 (2.94%) Team Foundation Server
General
1 28 (82.35%) Analytical Skills
2 12 (35.29%) Finance
2 12 (35.29%) Social Skills
3 4 (11.76%) Aerospace
4 3 (8.82%) Local Government
5 2 (5.88%) Presentation Skills
6 1 (2.94%) Banking
6 1 (2.94%) Billing
6 1 (2.94%) Public Sector
Job Titles
1 11 (32.35%) Analyst
2 6 (17.65%) Senior
3 5 (14.71%) Support Engineer
4 4 (11.76%) Credit Analyst
4 4 (11.76%) Developer
4 4 (11.76%) Qualitative Analyst
4 4 (11.76%) Quantitative Analyst
4 4 (11.76%) Systems Support Engineer
5 3 (8.82%) Data Engineer
5 3 (8.82%) Lead
5 3 (8.82%) Senior Analyst
6 2 (5.88%) Data Analyst
6 2 (5.88%) Data Modeller
6 2 (5.88%) Financial Analyst
6 2 (5.88%) IT Engineer
6 2 (5.88%) IT Support Engineer
6 2 (5.88%) Quantitative Developer
6 2 (5.88%) Senior Financial Analyst
6 2 (5.88%) Systems Engineer
6 2 (5.88%) Systems Support
Libraries, Frameworks & Software Standards
1 1 (2.94%) D3.js
1 1 (2.94%) Node.js
1 1 (2.94%) Prisma
1 1 (2.94%) PyTorch
1 1 (2.94%) React
1 1 (2.94%) scikit-learn
1 1 (2.94%) Shiny
1 1 (2.94%) TensorFlow
Miscellaneous
1 8 (23.53%) Analytical Mindset
2 6 (17.65%) Credit Derivative
2 6 (17.65%) Derivative
3 4 (11.76%) Hedge funds
4 3 (8.82%) Linked Data
5 2 (5.88%) Algorithms
Operating Systems
1 1 (2.94%) Linux
1 1 (2.94%) Unix
Processes & Methodologies
1 11 (32.35%) Physics
1 11 (32.35%) Problem-Solving
2 10 (29.41%) Visualisation
3 9 (26.47%) Data Analysis
4 8 (23.53%) Mathematics
4 8 (23.53%) Statistics
4 8 (23.53%) Workflow
5 7 (20.59%) Data Modelling
5 7 (20.59%) Data Visualisation
5 7 (20.59%) Decision-Making
6 6 (17.65%) Customer Experience
6 6 (17.65%) Model Validation
6 6 (17.65%) Quantitative Finance
7 4 (11.76%) Business Intelligence
7 4 (11.76%) Collaborative Working
7 4 (11.76%) Continuous Improvement
7 4 (11.76%) Machine Learning
7 4 (11.76%) Statistical Modelling
7 4 (11.76%) Systems Engineering
7 4 (11.76%) Threat Modelling
Programming Languages
1 13 (38.24%) SQL
2 12 (35.29%) Python
3 7 (20.59%) R
4 6 (17.65%) C++
5 4 (11.76%) MATLAB
6 1 (2.94%) C#
6 1 (2.94%) JavaScript
6 1 (2.94%) TypeScript
Qualifications
1 12 (35.29%) Degree
2 7 (20.59%) Numerate Degree
3 5 (14.71%) SC Cleared
3 5 (14.71%) Security Cleared
4 2 (5.88%) ACCA
4 2 (5.88%) CIMA
Quality Assurance & Compliance
1 4 (11.76%) QA
2 3 (8.82%) Data Quality
System Software
1 1 (2.94%) Docker
Systems Management
1 1 (2.94%) Terraform
Vendors
1 3 (8.82%) Microsoft
1 3 (8.82%) Salesforce
1 3 (8.82%) ServiceNow
2 1 (2.94%) Databricks
2 1 (2.94%) Google