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 1 July 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
1 Jul 2016
Same period 2015 Same period 2014
Monte Carlo Method
Rank 168 190 207
Rank change year-on-year
+22 +17
Contract jobs citing Monte Carlo Method 1 10 4
As % of all contract IT jobs located in the City of London 0.030% 0.17% 0.068%
As % of the Processes & Methodologies category 0.035% 0.21% 0.085%
Number of daily rates quoted 1 9 4
Median daily rate £610 £625 £675
Median daily rate % change year-on-year
-2.40% -7.40%
UK excluding London median daily rate £500 £320 £375
% change year-on-year
+56.25% -14.66%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - £40.00 £35.00
% change year-on-year
- +14.28%
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
2837 4687 4722
As % of all contract IT jobs located in the City of London 85.07% 80.09% 79.93%
Number of daily rates quoted 2310 3704 3547
Median daily rate £475 £463 £450
Median daily rate % change year-on-year
+2.70% +2.77%
90% offered a daily rate of more than £335 £325 £300
10% offered a daily rate of more than £638 £625 £625
UK excluding London median daily rate £400 £385 £375
% change year-on-year
+3.89% +2.66%
Number of hourly rates quoted 22 50 39
Median hourly rate £19.00 £24.50 £21.50
Median hourly rate % change year-on-year
-22.44% +13.95%
90% offered a hourly rate of more than £12.50 £15.64 £14.50
10% offered a hourly rate of more than £31.50 £60.40 £53.50
UK excluding London median hourly rate £28.50 £30.00 £30.00
% change year-on-year
-5.00% -

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 1 July 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 2 (66.67%) Risk Management
1 2 (66.67%) Finance
1 2 (66.67%) Investment Banking
1 2 (66.67%) Banking
2 1 (33.33%) Credit Derivative
2 1 (33.33%) Business Analysis
2 1 (33.33%) Derivative
2 1 (33.33%) Mathematics
2 1 (33.33%) Computer Science
2 1 (33.33%) Use Case
2 1 (33.33%) Market Risk
2 1 (33.33%) Oracle Database
2 1 (33.33%) Relational Database
2 1 (33.33%) Algorithms
2 1 (33.33%) Performance Optimisation
2 1 (33.33%) Quantitative Finance
2 1 (33.33%) Fixed Income
2 1 (33.33%) Grid Computing
2 1 (33.33%) Agile Software Development
2 1 (33.33%) C#
2 1 (33.33%) Java
2 1 (33.33%) SQL
2 1 (33.33%) Oracle
2 1 (33.33%) Python
2 1 (33.33%) RDBMS
2 1 (33.33%) Foreign Exchange (FX)

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 1 (33.33%) Oracle Database
1 1 (33.33%) RDBMS
1 1 (33.33%) Relational Database
General
1 2 (66.67%) Banking
1 2 (66.67%) Finance
1 2 (66.67%) Investment Banking
Job Titles
1 2 (66.67%) Developer
2 1 (33.33%) Analyst
2 1 (33.33%) Java Developer
2 1 (33.33%) Python Developer
2 1 (33.33%) Qualitative Analyst
2 1 (33.33%) Quantitative Analyst
Miscellaneous
1 1 (33.33%) Algorithms
1 1 (33.33%) Computer Science
1 1 (33.33%) Credit Derivative
1 1 (33.33%) Derivative
1 1 (33.33%) Fixed Income
1 1 (33.33%) Foreign Exchange (FX)
1 1 (33.33%) Grid Computing
1 1 (33.33%) Market Risk
1 1 (33.33%) Mathematics
Processes & Methodologies
1 2 (66.67%) Risk Management
2 1 (33.33%) Agile Software Development
2 1 (33.33%) Business Analysis
2 1 (33.33%) Performance Optimisation
2 1 (33.33%) Quantitative Finance
2 1 (33.33%) Use Case
Programming Languages
1 1 (33.33%) C#
1 1 (33.33%) Java
1 1 (33.33%) Python
1 1 (33.33%) SQL
Vendors
1 1 (33.33%) Oracle