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 17 April 2015 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
17 Apr 2015
Same period 2014 Same period 2013
Monte Carlo Method
Rank 175 194 192
Rank change year-on-year
+19 -2
Contract jobs citing Monte Carlo Method 15 17 14
As % of all contract IT jobs located in the City of London 0.28% 0.26% 0.22%
As % of the Processes & Methodologies category 0.35% 0.34% 0.29%
Number of daily rates quoted 15 17 12
Average daily rate
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£625 £650 £550
Average daily rate % change year-on-year
-3.84% +18.18%
90% offered a daily rate of more than £475 £553 £450
10% offered a daily rate of more than £690 £770 £575
UK excluding London average daily rate £320 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
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
4228 5006 4813
As % of all contract IT jobs located in the City of London 77.75% 77.28% 76.28%
Number of daily rates quoted 3276 3643 3682
Average daily rate £463 £450 £450
Average daily rate % change year-on-year
+2.77% -
90% offered a daily rate of more than £320 £300 £313
10% offered a daily rate of more than £622 £625 £600
UK excluding London average daily rate £393 £375 £363
% change year-on-year
+4.66% +3.44%
Number of hourly rates quoted 34 46 54
Average hourly rate £27.37 £24.00 £103.75
Average hourly rate % change year-on-year
+14.04% -76.86%
90% offered a hourly rate of more than £13.25 £13.00 £16.70
10% offered a hourly rate of more than £92.50 £47.50 £135.00
UK excluding London average hourly rate £31.44 £30.00 £32.00
% change year-on-year
+4.80% -6.25%

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 17 April 2015.

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 17 April 2015, 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 17 (80.95%) Credit Risk
2 15 (71.43%) Finance
3 13 (61.90%) Market Risk
4 11 (52.38%) SQL
5 10 (47.62%) Regression Testing
5 10 (47.62%) Risk Management
6 9 (42.86%) Banking
6 9 (42.86%) Investment Banking
7 7 (33.33%) Agile Software Development
7 7 (33.33%) C++
8 6 (28.57%) Test Automation
9 5 (23.81%) Test Scripting
9 5 (23.81%) Mathematics
9 5 (23.81%) Java
10 4 (19.05%) OO
10 4 (19.05%) Python
10 4 (19.05%) Multithreading
10 4 (19.05%) Asset Management
10 4 (19.05%) Low Latency
10 4 (19.05%) Analytical Skills
11 3 (14.29%) Analytics
11 3 (14.29%) Business Analysis
11 3 (14.29%) Derivative
11 3 (14.29%) Greeks
11 3 (14.29%) Stress Testing
11 3 (14.29%) Foreign Exchange (FX)
11 3 (14.29%) PhD
11 3 (14.29%) C
11 3 (14.29%) VBA
11 3 (14.29%) Scrum

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

For the 6 months to 17 April 2015, 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 (9.52%) MS Office
1 2 (9.52%) MS Excel
Business Applications
1 1 (4.76%) Summit
Database & Business Intelligence
1 1 (4.76%) Big Data
1 1 (4.76%) Relational Database
General
1 15 (71.43%) Finance
2 9 (42.86%) Banking
2 9 (42.86%) Investment Banking
3 1 (4.76%) Front Office
Job Titles
1 10 (47.62%) Analyst
2 7 (33.33%) Developer
3 5 (23.81%) Test Analyst
4 4 (19.05%) Business Analyst
4 4 (19.05%) Quantitative Developer
5 3 (14.29%) Risk Manager
5 3 (14.29%) Banking Business Analyst
5 3 (14.29%) Project Manager
5 3 (14.29%) Senior Analyst
5 3 (14.29%) Senior Test Analyst
5 3 (14.29%) Credit Risk Analyst
5 3 (14.29%) Credit Risk Project Manager
6 2 (9.52%) Senior Developer
6 2 (9.52%) Market Risk Analyst
7 1 (4.76%) Integration Analyst
7 1 (4.76%) Risk Analyst
7 1 (4.76%) Credit Analyst
7 1 (4.76%) Quantitative Analyst
7 1 (4.76%) Credit Risk Business Analyst
7 1 (4.76%) C++ Quantitative Developer
Libraries, Frameworks & Software Standards
1 1 (4.76%) .NET
Miscellaneous
1 17 (80.95%) Credit Risk
2 13 (61.90%) Market Risk
3 5 (23.81%) Mathematics
4 4 (19.05%) Analytical Skills
5 3 (14.29%) Foreign Exchange (FX)
5 3 (14.29%) Derivative
6 2 (9.52%) Equities
6 2 (9.52%) Algorithms
7 1 (4.76%) Neural Network
7 1 (4.76%) Statistics
7 1 (4.76%) Computer Science
Processes & Methodologies
1 10 (47.62%) Regression Testing
1 10 (47.62%) Risk Management
2 7 (33.33%) Agile Software Development
3 6 (28.57%) Test Automation
4 5 (23.81%) Test Scripting
5 4 (19.05%) Multithreading
5 4 (19.05%) Asset Management
5 4 (19.05%) OO
5 4 (19.05%) Low Latency
6 3 (14.29%) Analytics
6 3 (14.29%) Scrum
6 3 (14.29%) Greeks
6 3 (14.29%) Business Analysis
6 3 (14.29%) Stress Testing
7 2 (9.52%) Statistical Modelling
7 2 (9.52%) PRINCE2
7 2 (9.52%) PRINCE
8 1 (4.76%) Validation
8 1 (4.76%) Data Analysis
8 1 (4.76%) Predictive Modelling
Programming Languages
1 11 (52.38%) SQL
2 7 (33.33%) C++
3 5 (23.81%) Java
4 4 (19.05%) Python
5 3 (14.29%) C
5 3 (14.29%) VBA
6 1 (4.76%) C#
6 1 (4.76%) MATLAB
6 1 (4.76%) Scala
6 1 (4.76%) R
Qualifications
1 3 (14.29%) PhD
2 2 (9.52%) ISTQB
2 2 (9.52%) ISTQB Foundation Certification
3 1 (4.76%) Degree
Systems Management
1 2 (9.52%) HP Quality Center
Vendors
1 1 (4.76%) Misys
City, London
McGregor Boyall
Rate: £600 - £800 per day
Posted: 5 days ago
City of London
iKonnect
Rate: £600 - £700 per day + (Depending on Experience)
Posted: 21 days ago