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 contractor rates offered in IT contracts that have cited Monte Carlo Method over the 3 months to 26 August 2016 with a comparison to the same period over 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.

3 months to
26 Aug 2016
Same period 2015 Same period 2014
Monte Carlo Method
Rank 174 200 203
Rank change year-on-year
+26 +3
Contract jobs citing Monte Carlo Method 4 3 5
As % of all contract IT jobs located in the City of London 0.11% 0.055% 0.085%
As % of the Processes & Methodologies category 0.13% 0.067% 0.11%
Number of daily rates quoted 4 3 4
Median daily rate £544 £550 £650
Median daily rate % change year-on-year
-1.13% -15.38%
90% offered a daily rate of more than £538 £550 £633
10% offered a daily rate of more than £592 £750 £703
UK excluding London median daily rate £481 £450 £500
% change year-on-year
+6.94% -10.00%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - £41.25 -
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
3034 4482 4708
As % of all contract IT jobs located in the City of London 86.36% 81.95% 79.85%
Number of daily rates quoted 2436 3543 3495
Median daily rate £475 £475 £450
Median daily rate % change year-on-year
- +5.55%
90% offered a daily rate of more than £350 £325 £313
10% offered a daily rate of more than £625 £625 £625
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 18 43 47
Median hourly rate £17.25 £21.75 £22.00
Median hourly rate % change year-on-year
-20.68% -1.13%
90% offered a hourly rate of more than £12.50 £13.00 £16.10
10% offered a hourly rate of more than £49.01 £40.00 £36.50
UK excluding London median hourly rate £30.00 £33.00 £25.75
% change year-on-year
-9.09% +28.15%

Monte Carlo Method
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Monte Carlo Method as a proportion of all IT contracts with a match in 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 26 Related IT Skills in the City of London

For the 6 months to 26 August 2016, IT contractor jobs citing Monte Carlo Method also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Monte Carlo Method.

1 4 (80.00%) C#
1 4 (80.00%) Finance
1 4 (80.00%) Agile Software Development
1 4 (80.00%) Banking
1 4 (80.00%) Market Risk
2 3 (60.00%) Business Intelligence
2 3 (60.00%) SQL Server Integration Services
2 3 (60.00%) SQL Server Reporting Services
2 3 (60.00%) SQL
2 3 (60.00%) .NET
2 3 (60.00%) SQL Server
2 3 (60.00%) ASP.NET
2 3 (60.00%) Power BI
3 2 (40.00%) WPF
4 1 (20.00%) Risk Management
4 1 (20.00%) Python
4 1 (20.00%) Fixed Income
4 1 (20.00%) Grid Computing
4 1 (20.00%) Investment Banking
4 1 (20.00%) Business Analysis
4 1 (20.00%) Credit Derivative
4 1 (20.00%) Derivative
4 1 (20.00%) Foreign Exchange (FX)
4 1 (20.00%) Use Case
4 1 (20.00%) Performance Optimisation
4 1 (20.00%) Quantitative Finance

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

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Database & Business Intelligence
1 3 (60.00%) Power BI
1 3 (60.00%) SQL Server
1 3 (60.00%) SQL Server Integration Services
1 3 (60.00%) SQL Server Reporting Services
General
1 4 (80.00%) Banking
1 4 (80.00%) Finance
2 1 (20.00%) Investment Banking
Job Titles
1 2 (40.00%) Developer
2 1 (20.00%) .NET Developer
2 1 (20.00%) Analyst
2 1 (20.00%) ASP.NET Developer
2 1 (20.00%) C# .NET Developer
2 1 (20.00%) C# ASP.NET Developer
2 1 (20.00%) C# Developer
2 1 (20.00%) Python Developer
2 1 (20.00%) Qualitative Analyst
2 1 (20.00%) Quantitative Analyst
2 1 (20.00%) Senior .NET Developer
2 1 (20.00%) Senior ASP.NET Developer
2 1 (20.00%) Senior C# .NET Developer
2 1 (20.00%) Senior C# ASP.NET Developer
2 1 (20.00%) Senior C# Developer
2 1 (20.00%) Senior Developer
2 1 (20.00%) Senior SQL Developer
2 1 (20.00%) SQL Developer
Libraries, Frameworks & Software Standards
1 3 (60.00%) .NET
1 3 (60.00%) ASP.NET
2 2 (40.00%) WPF
Miscellaneous
1 4 (80.00%) Market Risk
2 1 (20.00%) Credit Derivative
2 1 (20.00%) Derivative
2 1 (20.00%) Fixed Income
2 1 (20.00%) Foreign Exchange (FX)
2 1 (20.00%) Grid Computing
Processes & Methodologies
1 4 (80.00%) Agile Software Development
2 3 (60.00%) Business Intelligence
3 1 (20.00%) Business Analysis
3 1 (20.00%) Performance Optimisation
3 1 (20.00%) Quantitative Finance
3 1 (20.00%) Risk Management
3 1 (20.00%) Use Case
Programming Languages
1 4 (80.00%) C#
2 3 (60.00%) SQL
3 1 (20.00%) Python