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 18 December 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
18 Dec 2014
Same period 2013 Same period 2012
Monte Carlo Method
Rank 202 194 199
Rank change year-on-year
-8 +5
Contract jobs citing Monte Carlo Method 4 23 2
As % of all contract IT jobs located in the City of London 0.071% 0.34% 0.033%
As % of the Processes & Methodologies category 0.091% 0.44% 0.043%
Number of daily rates quoted 3 23 2
Average daily rate
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£575 £600 £575
Average daily rate % change year-on-year
-4.16% +4.34%
UK excluding London average daily rate £425 £300 £350
% change year-on-year
+41.66% -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
4408 5266 4652
As % of all contract IT jobs located in the City of London 78.03% 77.10% 75.88%
Number of daily rates quoted 3466 3885 3529
Average daily rate £450 £450 £450
90% offered a daily rate of more than £315 £300 £300
10% offered a daily rate of more than £625 £613 £600
UK excluding London average daily rate £388 £363 £365
% change year-on-year
+6.89% -0.68%
Number of hourly rates quoted 40 57 88
Average hourly rate £19.00 £23.50 £35.00
Average hourly rate % change year-on-year
-19.14% -32.85%
90% offered a hourly rate of more than £10.50 £13.50 £15.00
10% offered a hourly rate of more than £43.75 £52.82 £107.80
UK excluding London average hourly rate £25.00 £27.00 £30.00
% change year-on-year
-7.40% -10.00%

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 18 December 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 (71.43%) Market Risk
2 3 (42.86%) Finance
2 3 (42.86%) Python
2 3 (42.86%) C#
2 3 (42.86%) C++
2 3 (42.86%) Mathematics
3 2 (28.57%) Degree
3 2 (28.57%) Analytics
3 2 (28.57%) VBA
3 2 (28.57%) MS Office
3 2 (28.57%) PhD
3 2 (28.57%) OOP
3 2 (28.57%) OO
3 2 (28.57%) Risk Management
3 2 (28.57%) Subversion
3 2 (28.57%) Derivative
4 1 (14.29%) Statistics
4 1 (14.29%) Investment Banking
4 1 (14.29%) Software Engineering
4 1 (14.29%) Validation
4 1 (14.29%) Summit
4 1 (14.29%) Banking
4 1 (14.29%) Asset Management
4 1 (14.29%) Front Office
4 1 (14.29%) Misys
4 1 (14.29%) Foreign Exchange (FX)
4 1 (14.29%) MATLAB
4 1 (14.29%) .NET
4 1 (14.29%) SQL
4 1 (14.29%) VBScript

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

For the 6 months to 18 December 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.

Applications
1 2 (28.57%) MS Office
Business Applications
1 1 (14.29%) Summit
Database & Business Intelligence
1 1 (14.29%) Relational Database
Development Applications
1 2 (28.57%) Subversion
General
1 3 (42.86%) Finance
2 1 (14.29%) Investment Banking
2 1 (14.29%) Banking
2 1 (14.29%) Front Office
Job Titles
1 5 (71.43%) Developer
2 4 (57.14%) Quantitative Developer
3 2 (28.57%) Analyst
3 2 (28.57%) C# Developer
4 1 (14.29%) Credit Analyst
4 1 (14.29%) Quantitative Analyst
4 1 (14.29%) Credit Risk Business Analyst
4 1 (14.29%) Risk Analyst
4 1 (14.29%) Graduate Developer
4 1 (14.29%) Business Analyst
4 1 (14.29%) Graduate
4 1 (14.29%) Credit Risk Analyst
4 1 (14.29%) C++ Quantitative Developer
Libraries, Frameworks & Software Standards
1 1 (14.29%) .NET
Miscellaneous
1 5 (71.43%) Market Risk
2 3 (42.86%) Mathematics
3 2 (28.57%) Derivative
4 1 (14.29%) Statistics
4 1 (14.29%) Foreign Exchange (FX)
4 1 (14.29%) Credit Risk
Processes & Methodologies
1 2 (28.57%) Analytics
1 2 (28.57%) OOP
1 2 (28.57%) OO
1 2 (28.57%) Risk Management
2 1 (14.29%) Software Engineering
2 1 (14.29%) Validation
2 1 (14.29%) Asset Management
2 1 (14.29%) Time Series Analysis
2 1 (14.29%) People Management
2 1 (14.29%) Risk Analysis
2 1 (14.29%) Statistical Modelling
Programming Languages
1 3 (42.86%) Python
1 3 (42.86%) C#
1 3 (42.86%) C++
2 2 (28.57%) VBA
3 1 (14.29%) MATLAB
3 1 (14.29%) SQL
3 1 (14.29%) VBScript
3 1 (14.29%) VB
Qualifications
1 2 (28.57%) Degree
1 2 (28.57%) PhD
Vendors
1 1 (14.29%) Misys