The first table below looks at the demand 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 18 April 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Processes & Methodologies category for the City of London region.

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
18 Apr 2014
Same period 2013 Same period 2012
Monte Carlo Method
Rank 195 183 205
Rank change year-on-year
-12 +22
Contract jobs citing Monte Carlo Method 15 14 19
As % of all contract IT jobs located in the City of London 0.23% 0.22% 0.23%
As % of the Processes & Methodologies category 0.31% 0.30% 0.32%
Number of daily rates quoted 15 12 15
Average daily rate £650 £550 £550
Average daily rate % change year-on-year
+18.18% -
90% offered a daily rate of more than £552 £450 £510
10% offered a daily rate of more than £780 £575 £625
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Processes & Methodologies Category
City of London
Contract IT job ads with a match in the
Processes & Methodologies category
4902 4666 5879
As % of all contract IT jobs located in the City of London 75.95% 74.87% 72.70%
Number of daily rates quoted 3582 3576 4142
Average daily rate £450 £450 £451
Average daily rate % change year-on-year
- -0.11%
90% offered a daily rate of more than £300 £313 £310
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £375 £360 £370
% change year-on-year
+4.16% -2.70%
Number of hourly rates quoted 48 50 92
Average hourly rate £25.00 £135.00 £25.00
Average hourly rate % change year-on-year
-81.48% +440.00%
90% offered a hourly rate of more than £13.87 £17.50 £13.00
10% offered a hourly rate of more than £47.50 £135.00 £49.02
UK excluding London average hourly rate £30.00 £32.00 £27.50
% change year-on-year
-6.25% +16.36%
Monte Carlo Method
London

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 18 April 2014.

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 18 April 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 33 (86.84%) C++
1 33 (86.84%) Banking
2 28 (73.68%) STL
2 28 (73.68%) Investment Banking
3 27 (71.05%) Windows
4 17 (44.74%) Front Office
5 14 (36.84%) XML
6 12 (31.58%) Credit Risk
7 10 (26.32%) Derivative
8 8 (21.05%) Market Risk
9 7 (18.42%) Finance
10 5 (13.16%) Grid Computing
10 5 (13.16%) C#
11 4 (10.53%) Java
11 4 (10.53%) Perl
11 4 (10.53%) Python
11 4 (10.53%) Risk Management
11 4 (10.53%) Linux
11 4 (10.53%) Analytics
12 3 (7.89%) Mathematics
12 3 (7.89%) Validation
12 3 (7.89%) SQL Server
12 3 (7.89%) VBA
13 2 (5.26%) .NET
13 2 (5.26%) SQL
13 2 (5.26%) PhD
13 2 (5.26%) Fixed Income
13 2 (5.26%) Equities
13 2 (5.26%) OOA/OOD
13 2 (5.26%) Foreign Exchange (FX)

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

For the 6 months to 18 April 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.

Business Applications
1 1 (2.63%) Summit
Database & Business Intelligence
1 3 (7.89%) SQL Server
2 1 (2.63%) SQL Server 2008
General
1 33 (86.84%) Banking
2 28 (73.68%) Investment Banking
3 17 (44.74%) Front Office
4 7 (18.42%) Finance
Job Titles
1 32 (84.21%) Developer
2 28 (73.68%) C++ Developer
3 4 (10.53%) Quantitative Developer
4 3 (7.89%) Analyst
4 3 (7.89%) Business Analyst
5 2 (5.26%) Market Risk Analyst
5 2 (5.26%) IT Business Analyst
5 2 (5.26%) Credit Risk Business Analyst
5 2 (5.26%) Risk Analyst
5 2 (5.26%) Credit Risk Analyst
5 2 (5.26%) Agile Business Analyst
5 2 (5.26%) Market Risk Business Analyst
6 1 (2.63%) Investment Banking Business Analyst
6 1 (2.63%) Banking Business Analyst
Libraries, Frameworks & Software Standards
1 28 (73.68%) STL
2 14 (36.84%) XML
3 2 (5.26%) .NET
4 1 (2.63%) Boost C++ Libraries
4 1 (2.63%) jQuery
4 1 (2.63%) ADO.NET Entity Framework
4 1 (2.63%) WPF
4 1 (2.63%) .NET Framework
4 1 (2.63%) XSLT
Miscellaneous
1 12 (31.58%) Credit Risk
2 10 (26.32%) Derivative
3 8 (21.05%) Market Risk
4 5 (13.16%) Grid Computing
5 3 (7.89%) Mathematics
6 2 (5.26%) Fixed Income
6 2 (5.26%) Equities
6 2 (5.26%) Foreign Exchange (FX)
7 1 (2.63%) CUDA
7 1 (2.63%) Credit Derivative
7 1 (2.63%) Hybrid Derivative
7 1 (2.63%) Applied Mathematics
7 1 (2.63%) Swaptions
7 1 (2.63%) Interest Rate Derivative
7 1 (2.63%) Equity Derivative
7 1 (2.63%) Energy Derivatives
7 1 (2.63%) Client/Server
Operating Systems
1 27 (71.05%) Windows
2 4 (10.53%) Linux
Processes & Methodologies
1 4 (10.53%) Risk Management
1 4 (10.53%) Analytics
2 3 (7.89%) Validation
3 2 (5.26%) OOA/OOD
3 2 (5.26%) Stress Testing
4 1 (2.63%) Stochastic Calculus
4 1 (2.63%) Portfolio Management
4 1 (2.63%) Quantitative Risk Management
4 1 (2.63%) Agile Software Development
4 1 (2.63%) Statistical Analysis
4 1 (2.63%) Software Engineering
4 1 (2.63%) Quantitative Analysis
4 1 (2.63%) Workflow
Programming Languages
1 33 (86.84%) C++
2 5 (13.16%) C#
3 4 (10.53%) Java
3 4 (10.53%) Perl
3 4 (10.53%) Python
4 3 (7.89%) VBA
5 2 (5.26%) SQL
6 1 (2.63%) PowerShell
6 1 (2.63%) MATLAB
6 1 (2.63%) C
Qualifications
1 2 (5.26%) PhD
Quality Assurance & Compliance
1 1 (2.63%) Basel III
Vendors
1 1 (2.63%) TIBCO
1 1 (2.63%) Sophis
1 1 (2.63%) Murex
1 1 (2.63%) Calypso
1 1 (2.63%) Sybase