The table below looks at the statistics for Monte Carlo Method skills in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Monte Carlo Method over the 3 months to 3 June 2015 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
3 Jun 2015
Same period 2014 Same period 2013
Monte Carlo Method
Rank 187 197 197
Rank change year-on-year
+10 0
Contract jobs citing Monte Carlo Method 8 8 10
As % of all contract IT jobs located in the City of London 0.15% 0.13% 0.16%
As % of the Processes & Methodologies category 0.19% 0.17% 0.20%
Number of daily rates quoted 7 8 10
Average daily rate
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£650 £675 £525
Average daily rate % change year-on-year
-3.70% +28.57%
90% offered a daily rate of more than £556 £635 £450
10% offered a daily rate of more than £700 £783 £575
UK excluding London average daily rate £320 £375 -
% change year-on-year
-14.66% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £35.00 -
Monte Carlo Method
London

The following table is for comparison with the above and provides statistics for the entire Processes & Methodologies category in contract jobs advertised in the City of London region.

Processes & Methodologies Category
City of London
Contract IT job ads with a match in the
Processes & Methodologies category
4241 4605 4987
As % of all contract IT jobs located in the City of London 77.08% 77.15% 77.32%
Number of daily rates quoted 3349 3480 3757
Average daily rate £475 £450 £450
Average daily rate % change year-on-year
+5.55% -
90% offered a daily rate of more than £325 £300 £313
10% offered a daily rate of more than £625 £625 £600
UK excluding London average daily rate £388 £375 £365
% change year-on-year
+3.33% +2.73%
Number of hourly rates quoted 48 42 84
Average hourly rate £25.00 £21.75 £41.50
Average hourly rate % change year-on-year
+14.94% -47.59%
90% offered a hourly rate of more than £14.85 £12.50 £18.00
10% offered a hourly rate of more than £92.50 £53.50 £135.00
UK excluding London average hourly rate £30.00 £30.00 £32.00
% change year-on-year
- -6.25%

Monte Carlo Method
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Monte Carlo Method across the City of London region as a proportion of the total demand within the Processes & Methodologies category.

Monte Carlo Method Jobs Demand Trend in the City of London

Monte Carlo Method
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Monte Carlo Method across the City of London region.

Monte Carlo Method Daily Rate Trend in the City of London

Monte Carlo Method
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Monte Carlo Method across the City of London region over the 3 months to 3 June 2015.

Monte Carlo Method Daily Rate Histogram in the City of London

Monte Carlo Method
Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Monte Carlo Method across the City of London region.

Monte Carlo Method Hourly Rate Trend in the City of London

Monte Carlo Method
Top 30 Related IT Skills in the City of London

For the 6 months to 3 June 2015, IT contractor jobs across the City of London region citing Monte Carlo Method also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Monte Carlo Method.

1 21 (91.30%) Credit Risk
2 17 (73.91%) Finance
3 13 (56.52%) Market Risk
4 11 (47.83%) Risk Management
4 11 (47.83%) SQL
5 10 (43.48%) Regression Testing
5 10 (43.48%) Banking
6 9 (39.13%) Investment Banking
7 8 (34.78%) Agile Software Development
8 6 (26.09%) Test Automation
9 5 (21.74%) Test Scripting
9 5 (21.74%) Mathematics
9 5 (21.74%) Asset Management
9 5 (21.74%) C++
9 5 (21.74%) Java
10 4 (17.39%) OO
10 4 (17.39%) Multithreading
10 4 (17.39%) Business Analysis
10 4 (17.39%) Stress Testing
10 4 (17.39%) Low Latency
10 4 (17.39%) Analytical Skills
11 3 (13.04%) Derivative
11 3 (13.04%) Greeks
11 3 (13.04%) Foreign Exchange (FX)
11 3 (13.04%) C
11 3 (13.04%) Scrum
12 2 (8.70%) Equities
12 2 (8.70%) Front Office
12 2 (8.70%) C#
12 2 (8.70%) VBA

Monte Carlo Method
Top Related IT Skills in the City of London by Category

For the 6 months to 3 June 2015, IT contractor jobs across the City of London region citing Monte Carlo Method also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Monte Carlo Method. Up to 20 skills are shown per category.

Applications
1 2 (8.70%) MS Office
1 2 (8.70%) MS Excel
Business Applications
1 1 (4.35%) Summit
1 1 (4.35%) Adaptiv
Database & Business Intelligence
1 1 (4.35%) Big Data
1 1 (4.35%) Relational Database
Development Applications
1 1 (4.35%) Subversion
General
1 17 (73.91%) Finance
2 10 (43.48%) Banking
3 9 (39.13%) Investment Banking
4 2 (8.70%) Front Office
5 1 (4.35%) Legal
Job Titles
1 11 (47.83%) Analyst
2 7 (30.43%) Developer
3 6 (26.09%) Business Analyst
4 5 (21.74%) Test Analyst
4 5 (21.74%) Credit Risk Analyst
5 4 (17.39%) Credit Risk Project Manager
5 4 (17.39%) Project Manager
5 4 (17.39%) Risk Manager
6 3 (13.04%) Risk Analyst
6 3 (13.04%) Banking Business Analyst
6 3 (13.04%) Senior Analyst
6 3 (13.04%) Senior Test Analyst
6 3 (13.04%) Quantitative Developer
6 3 (13.04%) Credit Analyst
6 3 (13.04%) Credit Risk Business Analyst
7 2 (8.70%) Market Risk Analyst
7 2 (8.70%) Senior Developer
8 1 (4.35%) Lead Developer
8 1 (4.35%) Integration Analyst
8 1 (4.35%) IT Business Analyst
Libraries, Frameworks & Software Standards
1 1 (4.35%) WPF
Miscellaneous
1 21 (91.30%) Credit Risk
2 13 (56.52%) Market Risk
3 5 (21.74%) Mathematics
4 4 (17.39%) Analytical Skills
5 3 (13.04%) Foreign Exchange (FX)
5 3 (13.04%) Derivative
6 2 (8.70%) Equities
6 2 (8.70%) Algorithms
7 1 (4.35%) Neural Network
7 1 (4.35%) Statistics
7 1 (4.35%) Computer Science
Operating Systems
1 1 (4.35%) Windows
Processes & Methodologies
1 11 (47.83%) Risk Management
2 10 (43.48%) Regression Testing
3 8 (34.78%) Agile Software Development
4 6 (26.09%) Test Automation
5 5 (21.74%) Asset Management
5 5 (21.74%) Test Scripting
6 4 (17.39%) Multithreading
6 4 (17.39%) Business Analysis
6 4 (17.39%) OO
6 4 (17.39%) Low Latency
6 4 (17.39%) Stress Testing
7 3 (13.04%) Scrum
7 3 (13.04%) Greeks
8 2 (8.70%) PRINCE2
8 2 (8.70%) PRINCE
8 2 (8.70%) Analytics
9 1 (4.35%) DevOps
9 1 (4.35%) Markov Chain
9 1 (4.35%) Gibbs Sampling
9 1 (4.35%) Software Delivery
Programming Languages
1 11 (47.83%) SQL
2 5 (21.74%) C++
2 5 (21.74%) Java
3 3 (13.04%) C
4 2 (8.70%) C#
4 2 (8.70%) VBA
4 2 (8.70%) Python
5 1 (4.35%) MATLAB
5 1 (4.35%) Scala
5 1 (4.35%) R
Qualifications
1 2 (8.70%) ISTQB
1 2 (8.70%) ISTQB Foundation Certification
2 1 (4.35%) PhD
2 1 (4.35%) Degree
Quality Assurance & Compliance
1 1 (4.35%) Basel III
Systems Management
1 2 (8.70%) HP Quality Center
Vendors
1 1 (4.35%) Misys