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 19 September 2014 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
19 Sep 2014
Same period 2013 Same period 2012
Monte Carlo Method
Rank 196 219 204
Rank change year-on-year
+23 -15
Contract jobs citing Monte Carlo Method 3 8 16
As % of all contract IT jobs located in the City of London 0.051% 0.11% 0.21%
As % of the Processes & Methodologies category 0.067% 0.15% 0.27%
Number of daily rates quoted 2 8 16
Average daily rate
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£650 £550 £550
Average daily rate % change year-on-year
+18.18% -0.04%
UK excluding London average daily rate £500 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
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
4478 5509 5854
As % of all contract IT jobs located in the City of London 76.07% 76.51% 75.43%
Number of daily rates quoted 3363 4079 4310
Average daily rate £450 £450 £450
90% offered a daily rate of more than £320 £315 £300
10% offered a daily rate of more than £625 £600 £618
UK excluding London average daily rate £375 £370 £363
% change year-on-year
+1.35% +2.06%
Number of hourly rates quoted 44 71 93
Average hourly rate £21.88 £21.50 £31.50
Average hourly rate % change year-on-year
+1.74% -31.74%
90% offered a hourly rate of more than £13.47 £13.00 £16.00
10% offered a hourly rate of more than £35.00 £55.00 £51.50
UK excluding London average hourly rate £26.25 £30.00 £30.00
% change year-on-year
-12.50% -

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
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 19 September 2014, 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 5 (50.00%) Mathematics
1 5 (50.00%) Finance
1 5 (50.00%) C++
2 4 (40.00%) C#
2 4 (40.00%) VBA
3 3 (30.00%) Grid Computing
3 3 (30.00%) PhD
3 3 (30.00%) Derivative
3 3 (30.00%) Banking
3 3 (30.00%) Analytics
4 2 (20.00%) Physics
4 2 (20.00%) Computer Science
4 2 (20.00%) Credit Risk
4 2 (20.00%) Market Risk
4 2 (20.00%) Subversion
4 2 (20.00%) Investment Banking
4 2 (20.00%) Interest Rate Derivative
4 2 (20.00%) Front Office
4 2 (20.00%) Validation
4 2 (20.00%) Java
4 2 (20.00%) MS Office
4 2 (20.00%) OOP
4 2 (20.00%) OO
5 1 (10.00%) Python
5 1 (10.00%) OOA/OOD
5 1 (10.00%) STL
5 1 (10.00%) Windows
5 1 (10.00%) Linux
5 1 (10.00%) Perl
5 1 (10.00%) C

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

For the 6 months to 19 September 2014, 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.

Application Platforms
1 1 (10.00%) Oracle Coherence
Applications
1 2 (20.00%) MS Office
Database & Business Intelligence
1 1 (10.00%) SQL Server
1 1 (10.00%) SQL Server 2008
1 1 (10.00%) Hazelcast
Development Applications
1 2 (20.00%) Subversion
2 1 (10.00%) JUnit
2 1 (10.00%) Maven
2 1 (10.00%) Gradle
General
1 5 (50.00%) Finance
2 3 (30.00%) Banking
3 2 (20.00%) Investment Banking
3 2 (20.00%) Front Office
Job Titles
1 8 (80.00%) Developer
2 6 (60.00%) Quantitative Developer
3 2 (20.00%) Quantitative Analyst
3 2 (20.00%) Analyst
3 2 (20.00%) C# Developer
4 1 (10.00%) Analyst Developer
4 1 (10.00%) Java Developer
4 1 (10.00%) C++ Developer
4 1 (10.00%) Research Analyst
4 1 (10.00%) C++ Quantitative Developer
Libraries, Frameworks & Software Standards
1 1 (10.00%) STL
1 1 (10.00%) .NET
1 1 (10.00%) .NET Framework
1 1 (10.00%) Spring
1 1 (10.00%) jQuery
1 1 (10.00%) ADO.NET Entity Framework
1 1 (10.00%) Restlet
Miscellaneous
1 5 (50.00%) Mathematics
2 3 (30.00%) Grid Computing
2 3 (30.00%) Derivative
3 2 (20.00%) Physics
3 2 (20.00%) Computer Science
3 2 (20.00%) Credit Risk
3 2 (20.00%) Market Risk
3 2 (20.00%) Interest Rate Derivative
4 1 (10.00%) Fixed Income
4 1 (10.00%) Equities
4 1 (10.00%) Client/Server
4 1 (10.00%) Foreign Exchange (FX)
4 1 (10.00%) Applied Mathematics
4 1 (10.00%) Equity Derivative
4 1 (10.00%) Hybrid Derivative
4 1 (10.00%) Credit Derivative
4 1 (10.00%) CUDA
4 1 (10.00%) Swaptions
Operating Systems
1 1 (10.00%) Windows
1 1 (10.00%) Linux
Processes & Methodologies
1 3 (30.00%) Analytics
2 2 (20.00%) Validation
2 2 (20.00%) OOP
2 2 (20.00%) OO
3 1 (10.00%) OOA/OOD
3 1 (10.00%) MVC
3 1 (10.00%) Risk Management
3 1 (10.00%) TDD
3 1 (10.00%) Software Engineering
3 1 (10.00%) Multithreading
3 1 (10.00%) Stochastic Calculus
3 1 (10.00%) Greeks
3 1 (10.00%) Portfolio Management
3 1 (10.00%) Quantitative Analysis
3 1 (10.00%) Quantitative Risk Management
3 1 (10.00%) People Management
Programming Languages
1 5 (50.00%) C++
2 4 (40.00%) C#
2 4 (40.00%) VBA
3 2 (20.00%) Java
4 1 (10.00%) Python
4 1 (10.00%) Perl
4 1 (10.00%) C
4 1 (10.00%) MATLAB
Qualifications
1 3 (30.00%) PhD
Quality Assurance & Compliance
1 1 (10.00%) Basel III
Vendors
1 1 (10.00%) TIBCO
1 1 (10.00%) DataSynapse
City of London
Orgtel
Rate: £550 - £650 per day
Posted: 24 days ago