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 21 October 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
21 Oct 2014
Same period 2013 Same period 2012
Monte Carlo Method
Rank 198 212 206
Rank change year-on-year
+14 -6
Contract jobs citing Monte Carlo Method 4 12 13
As % of all contract IT jobs located in the City of London 0.067% 0.16% 0.17%
As % of the Processes & Methodologies category 0.088% 0.22% 0.23%
Number of daily rates quoted 2 12 13
Average daily rate
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£650 £550 £550
Average daily rate % change year-on-year
+18.18% -
UK excluding London average daily rate £413 £300 £350
% change year-on-year
+37.50% -14.28%
Number of hourly rates quoted 1 0 0
Average hourly rate £10.50 - -
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
4547 5580 5608
As % of all contract IT jobs located in the City of London 76.56% 76.54% 75.45%
Number of daily rates quoted 3496 4115 4176
Average daily rate £450 £450 £450
90% offered a daily rate of more than £313 £313 £300
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £375 £363 £370
% change year-on-year
+3.44% -2.02%
Number of hourly rates quoted 42 74 91
Average hourly rate £15.75 £20.00 £35.00
Average hourly rate % change year-on-year
-21.25% -42.85%
90% offered a hourly rate of more than £10.50 £12.80 £16.10
10% offered a hourly rate of more than £30.82 £52.82 £53.38
UK excluding London average hourly rate £25.00 £29.00 £27.50
% change year-on-year
-13.79% +5.45%

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 21 October 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 4 (50.00%) Mathematics
2 3 (37.50%) Market Risk
2 3 (37.50%) Finance
2 3 (37.50%) C#
2 3 (37.50%) C++
3 2 (25.00%) VBA
3 2 (25.00%) MS Office
3 2 (25.00%) Front Office
3 2 (25.00%) OOP
3 2 (25.00%) OO
3 2 (25.00%) PhD
3 2 (25.00%) Subversion
3 2 (25.00%) Derivative
3 2 (25.00%) Physics
3 2 (25.00%) Computer Science
3 2 (25.00%) Analytics
4 1 (12.50%) Gradle
4 1 (12.50%) Hazelcast
4 1 (12.50%) Quantitative Risk Management
4 1 (12.50%) People Management
4 1 (12.50%) Swaptions
4 1 (12.50%) Risk Analysis
4 1 (12.50%) Multithreading
4 1 (12.50%) Greeks
4 1 (12.50%) Restlet
4 1 (12.50%) Interest Rate Derivative
4 1 (12.50%) Statistics
4 1 (12.50%) DataSynapse
4 1 (12.50%) Degree
4 1 (12.50%) Oracle Coherence

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

For the 6 months to 21 October 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 (12.50%) Oracle Coherence
Applications
1 2 (25.00%) MS Office
Database & Business Intelligence
1 1 (12.50%) Hazelcast
Development Applications
1 2 (25.00%) Subversion
2 1 (12.50%) Maven
2 1 (12.50%) Gradle
2 1 (12.50%) JUnit
General
1 3 (37.50%) Finance
2 2 (25.00%) Front Office
3 1 (12.50%) Banking
3 1 (12.50%) Investment Banking
Job Titles
1 6 (75.00%) Developer
2 4 (50.00%) Quantitative Developer
3 2 (25.00%) Quantitative Analyst
3 2 (25.00%) Analyst
3 2 (25.00%) C# Developer
4 1 (12.50%) Analyst Developer
4 1 (12.50%) Java Developer
4 1 (12.50%) Graduate Developer
4 1 (12.50%) Research Analyst
4 1 (12.50%) C++ Quantitative Developer
4 1 (12.50%) Graduate
Libraries, Frameworks & Software Standards
1 1 (12.50%) Spring
1 1 (12.50%) Restlet
Miscellaneous
1 4 (50.00%) Mathematics
2 3 (37.50%) Market Risk
3 2 (25.00%) Physics
3 2 (25.00%) Computer Science
3 2 (25.00%) Derivative
4 1 (12.50%) Interest Rate Derivative
4 1 (12.50%) Statistics
4 1 (12.50%) Foreign Exchange (FX)
4 1 (12.50%) Grid Computing
4 1 (12.50%) Swaptions
Processes & Methodologies
1 2 (25.00%) OOP
1 2 (25.00%) OO
1 2 (25.00%) Analytics
2 1 (12.50%) Quantitative Risk Management
2 1 (12.50%) People Management
2 1 (12.50%) MVC
2 1 (12.50%) Risk Management
2 1 (12.50%) Validation
2 1 (12.50%) TDD
2 1 (12.50%) Software Engineering
2 1 (12.50%) Risk Analysis
2 1 (12.50%) Multithreading
2 1 (12.50%) Greeks
Programming Languages
1 3 (37.50%) C#
1 3 (37.50%) C++
2 2 (25.00%) VBA
3 1 (12.50%) Java
3 1 (12.50%) VBScript
3 1 (12.50%) VB
Qualifications
1 2 (25.00%) PhD
2 1 (12.50%) Degree
Vendors
1 1 (12.50%) DataSynapse
City of London
Hays IT - Uk Posting account
Rate: £10.00 - £11.00 per annum
Posted: 25 days ago