The information below aims to provide you with an update on the UK Analytics market.
The ReThink Analytics Blog
The ReThink Analytics Blog has been running since May 2010 and aims to bring you insight into the Analytics recruitment market with current trends, forecasts and analysis. We also run special guest blogs written by analytical professionals. Recent blogs include:
- Part-Time Britain
- Has the recession affected recruitment and job hunting trends?
- Weird and wonderful reasons for cancelling your interview
- Job advertising on LinkedIn – an employer’s perspective
- Why you should be on LinkedIn…
If you would like to write as a guest blogger please feel free to get in touch.
www.rethinkanalytics.wordpress.com
Current Analytics Recruitment Market
The market is buoyant, we currently have vacancies covering most of the UK and the general consensus from hiring managers is for a continued hiring pattern throughout 2011.
The risk market, in particular, remains strong with the majority of current vacancies being risk orientated. Marketing analysis roles have dwindled slightly since the end of 2010 but I would expect this to change going into Q2.
Web / digital analytics are one to watch. Analysis of metric relationships on company websites is becoming more advanced and more crucial in improving profits in this tougher economic climate.
Candidate shortage is the key factor currently with most hiring managers having the same issues whether recruiting in London or Bradford. Graduate vacancies are still arising and Masters and PhD students should make the most of these now before a new crop of undergraduates enter the market in June.
Analytics Salary Survey Q1 2011
- Graduate Analyst - £25,000
- PhD Graduate - £25,000 - £30,000
- Junior Analyst - £28,000 – £35,000
- Analyst - £35,000 - £50,000
- Quant Analyst - £35,000 - £60,000
- Econometrician - £50,000+
- Energy Analyst - £40,000 – £60,000
- Clinical Analyst - £40,000 - £60,000
- Senior Analyst - £50,000 - £70,000
- Junior Manager - £40,000 - £50,000
- Analytics Manager - £60,000 - £70,000
- Senior Manager - £80,000 - £100,000
- Director - £100,000+
Bonus schemes
Average bonus schemes at 10% of basic salary (usually combination of personal and company performance)
Average bonuses paid at 8% of basic salary.
*Bonus schemes for analytical professionals generally come into effect from £40,000 band plus although there are notable exceptions in the finance and energy sectors where bonus schemes are open to Graduate Analysts and above.
Recent Vacancies
- Senior Analytical Consultant - London - £60,000 to £68,000
- Risk Strategy / Modelling Analyst - East Midlands - £35,000+
- Senior Risk Analyst - South-West - up to £35,000
- Quant Analyst - West Midlands - £30,000 to £50,000
- Graduate Analyst - Cambridgeshire - £25,000
- Reporting Analyst - Cambridgeshire - Up to £35,000
Nick Duncombe
Principal Consultant
ReThink Analytics
