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 27 July 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
27 Jul 2015
Same period 2014 Same period 2013
Monte Carlo Method
Rank 206 198 223
Rank change year-on-year
-8 +25
Contract jobs citing Monte Carlo Method 5 4 6
As % of all contract IT jobs located in the City of London 0.084% 0.068% 0.084%
As % of the Processes & Methodologies category 0.11% 0.088% 0.11%
Number of daily rates quoted 4 4 6
Average daily rate
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£550 £675 £525
Average daily rate % change year-on-year
-18.51% +28.57%
90% offered a daily rate of more than £508 £608 £475
10% offered a daily rate of more than £620 £760 £588
UK excluding London average daily rate £450 £375 -
% change year-on-year
+20.00% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average 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
4649 4569 5553
As % of all contract IT jobs located in the City of London 78.36% 77.66% 78.15%
Number of daily rates quoted 3696 3388 4146
Average daily rate £473 £450 £450
Average daily rate % change year-on-year
+5.00% -
90% offered a daily rate of more than £325 £313 £313
10% offered a daily rate of more than £625 £625 £600
UK excluding London average daily rate £388 £375 £375
% change year-on-year
+3.33% -
Number of hourly rates quoted 41 45 99
Average hourly rate £21.30 £22.69 £39.51
Average hourly rate % change year-on-year
-6.12% -42.56%
90% offered a hourly rate of more than £14.50 £14.50 £18.00
10% offered a hourly rate of more than £47.50 £45.00 £52.50
UK excluding London average hourly rate £30.00 £26.98 £31.00
% change year-on-year
+11.21% -12.98%

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 27 July 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 27 July 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 (94.44%) Credit Risk
2 13 (72.22%) Finance
3 9 (50.00%) Market Risk
4 7 (38.89%) Banking
5 5 (27.78%) Regression Testing
5 5 (27.78%) SQL
5 5 (27.78%) Agile Software Development
5 5 (27.78%) Risk Management
6 4 (22.22%) Asset Management
6 4 (22.22%) C#
6 4 (22.22%) C++
6 4 (22.22%) Java
6 4 (22.22%) OO
6 4 (22.22%) Multithreading
6 4 (22.22%) Investment Banking
6 4 (22.22%) Business Analysis
6 4 (22.22%) Stress Testing
6 4 (22.22%) Low Latency
6 4 (22.22%) Analytical Skills
7 3 (16.67%) DevOps
7 3 (16.67%) Test Scripting
7 3 (16.67%) Mathematics
7 3 (16.67%) WPF
7 3 (16.67%) Greeks
7 3 (16.67%) C
7 3 (16.67%) Windows
7 3 (16.67%) Subversion
8 2 (11.11%) Front Office
8 2 (11.11%) Foreign Exchange (FX)
9 1 (5.56%) ISTQB Foundation Certification

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

For the 6 months to 27 July 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.

Business Applications
1 1 (5.56%) Adaptiv
Development Applications
1 3 (16.67%) Subversion
General
1 13 (72.22%) Finance
2 7 (38.89%) Banking
3 4 (22.22%) Investment Banking
4 2 (11.11%) Front Office
5 1 (5.56%) Legal
Job Titles
1 8 (44.44%) Developer
2 6 (33.33%) Analyst
3 5 (27.78%) Business Analyst
4 4 (22.22%) Project Manager
4 4 (22.22%) Risk Manager
4 4 (22.22%) Credit Risk Project Manager
5 3 (16.67%) Credit Risk Developer
5 3 (16.67%) Banking Business Analyst
5 3 (16.67%) Quantitative Developer
6 2 (11.11%) Credit Analyst
6 2 (11.11%) Credit Risk Business Analyst
6 2 (11.11%) Risk Analyst
6 2 (11.11%) Credit Risk Analyst
7 1 (5.56%) IT Business Analyst
7 1 (5.56%) Integration Analyst
7 1 (5.56%) WPF Developer
7 1 (5.56%) AWS Developer
7 1 (5.56%) Test Analyst
7 1 (5.56%) Senior Developer
7 1 (5.56%) Lead Developer
Libraries, Frameworks & Software Standards
1 3 (16.67%) WPF
Miscellaneous
1 17 (94.44%) Credit Risk
2 9 (50.00%) Market Risk
3 4 (22.22%) Analytical Skills
4 3 (16.67%) Mathematics
5 2 (11.11%) Foreign Exchange (FX)
6 1 (5.56%) Equities
6 1 (5.56%) Derivative
6 1 (5.56%) Algorithms
Operating Systems
1 3 (16.67%) Windows
Processes & Methodologies
1 5 (27.78%) Regression Testing
1 5 (27.78%) Risk Management
1 5 (27.78%) Agile Software Development
2 4 (22.22%) OO
2 4 (22.22%) Asset Management
2 4 (22.22%) Business Analysis
2 4 (22.22%) Stress Testing
2 4 (22.22%) Multithreading
2 4 (22.22%) Low Latency
3 3 (16.67%) DevOps
3 3 (16.67%) Greeks
3 3 (16.67%) Test Scripting
4 1 (5.56%) Test Automation
4 1 (5.56%) Software Delivery
4 1 (5.56%) PRINCE
4 1 (5.56%) GAP Analysis
4 1 (5.56%) TDD
4 1 (5.56%) Validation
4 1 (5.56%) Scrum
4 1 (5.56%) PRINCE2
Programming Languages
1 5 (27.78%) SQL
2 4 (22.22%) C#
2 4 (22.22%) C++
2 4 (22.22%) Java
3 3 (16.67%) C
4 1 (5.56%) VBA
Qualifications
1 1 (5.56%) ISTQB
1 1 (5.56%) ISTQB Foundation Certification
Quality Assurance & Compliance
1 1 (5.56%) Basel III
Systems Management
1 1 (5.56%) HP Quality Center