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 March 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 Mar 2015
Same period 2014 Same period 2013
Monte Carlo Method
Rank 177 188 185
Rank change year-on-year
+11 -3
Contract jobs citing Monte Carlo Method 12 17 10
As % of all contract IT jobs located in the City of London 0.23% 0.28% 0.17%
As % of the Processes & Methodologies category 0.30% 0.36% 0.22%
Number of daily rates quoted 12 17 8
Average daily rate
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£550 £625 £575
Average daily rate % change year-on-year
-12.00% +8.69%
90% offered a daily rate of more than £475 £553 £485
10% offered a daily rate of more than £650 £770 £615
UK excluding London average daily rate - - £350
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
4022 4712 4495
As % of all contract IT jobs located in the City of London 78.34% 77.67% 76.12%
Number of daily rates quoted 3121 3399 3467
Average daily rate £450 £450 £450
90% offered a daily rate of more than £325 £300 £315
10% offered a daily rate of more than £625 £625 £600
UK excluding London average daily rate £396 £375 £363
% change year-on-year
+5.60% +3.44%
Number of hourly rates quoted 31 50 47
Average hourly rate £20.00 £25.00 £135.00
Average hourly rate % change year-on-year
-20.00% -81.48%
UK excluding London average hourly rate £31.44 £27.50 £32.00
% change year-on-year
+14.32% -14.06%

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 March 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 March 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 15 (83.33%) Finance
2 13 (72.22%) Credit Risk
2 13 (72.22%) Market Risk
3 11 (61.11%) SQL
4 10 (55.56%) Risk Management
4 10 (55.56%) Regression Testing
5 9 (50.00%) Banking
5 9 (50.00%) Investment Banking
6 7 (38.89%) Agile Software Development
7 6 (33.33%) Test Automation
8 5 (27.78%) Test Scripting
9 4 (22.22%) C++
9 4 (22.22%) Python
9 4 (22.22%) Asset Management
10 3 (16.67%) Scrum
10 3 (16.67%) Business Analysis
10 3 (16.67%) Derivative
10 3 (16.67%) Greeks
10 3 (16.67%) Stress Testing
10 3 (16.67%) Mathematics
10 3 (16.67%) C
10 3 (16.67%) PhD
10 3 (16.67%) Foreign Exchange (FX)
10 3 (16.67%) VBA
10 3 (16.67%) Analytics
11 2 (11.11%) Algorithms
11 2 (11.11%) ISTQB Foundation Certification
11 2 (11.11%) MS Office
11 2 (11.11%) PRINCE
11 2 (11.11%) PRINCE2

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

For the 6 months to 27 March 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 (11.11%) MS Office
1 2 (11.11%) MS Excel
Business Applications
1 1 (5.56%) Summit
Database & Business Intelligence
1 1 (5.56%) Big Data
1 1 (5.56%) Relational Database
General
1 15 (83.33%) Finance
2 9 (50.00%) Banking
2 9 (50.00%) Investment Banking
3 1 (5.56%) Front Office
Job Titles
1 10 (55.56%) Analyst
2 5 (27.78%) Test Analyst
3 4 (22.22%) Business Analyst
3 4 (22.22%) Developer
4 3 (16.67%) Project Manager
4 3 (16.67%) Senior Analyst
4 3 (16.67%) Senior Test Analyst
4 3 (16.67%) Risk Manager
4 3 (16.67%) Banking Business Analyst
4 3 (16.67%) Credit Risk Analyst
4 3 (16.67%) Credit Risk Project Manager
5 2 (11.11%) Senior Developer
5 2 (11.11%) Market Risk Analyst
6 1 (5.56%) Graduate
6 1 (5.56%) Integration Analyst
6 1 (5.56%) Risk Analyst
6 1 (5.56%) Graduate Developer
6 1 (5.56%) Quantitative Developer
6 1 (5.56%) Credit Analyst
6 1 (5.56%) Quantitative Analyst
Libraries, Frameworks & Software Standards
1 1 (5.56%) .NET
Miscellaneous
1 13 (72.22%) Credit Risk
1 13 (72.22%) Market Risk
2 3 (16.67%) Mathematics
2 3 (16.67%) Foreign Exchange (FX)
2 3 (16.67%) Derivative
3 2 (11.11%) Statistics
3 2 (11.11%) Equities
3 2 (11.11%) Algorithms
4 1 (5.56%) Computer Science
4 1 (5.56%) Neural Network
Processes & Methodologies
1 10 (55.56%) Regression Testing
1 10 (55.56%) Risk Management
2 7 (38.89%) Agile Software Development
3 6 (33.33%) Test Automation
4 5 (27.78%) Test Scripting
5 4 (22.22%) Asset Management
6 3 (16.67%) Scrum
6 3 (16.67%) Stress Testing
6 3 (16.67%) Greeks
6 3 (16.67%) Business Analysis
6 3 (16.67%) Analytics
7 2 (11.11%) Statistical Modelling
7 2 (11.11%) PRINCE2
7 2 (11.11%) PRINCE
8 1 (5.56%) Validation
8 1 (5.56%) Predictive Analytics
8 1 (5.56%) Logistic Regression
8 1 (5.56%) Risk Analysis
8 1 (5.56%) Predictive Modelling
8 1 (5.56%) Machine Learning
Programming Languages
1 11 (61.11%) SQL
2 4 (22.22%) C++
2 4 (22.22%) Python
3 3 (16.67%) C
3 3 (16.67%) VBA
4 1 (5.56%) MATLAB
4 1 (5.56%) Scala
4 1 (5.56%) R
4 1 (5.56%) Java
4 1 (5.56%) VBScript
4 1 (5.56%) VB
Qualifications
1 3 (16.67%) PhD
2 2 (11.11%) ISTQB
2 2 (11.11%) Degree
2 2 (11.11%) ISTQB Foundation Certification
Systems Management
1 2 (11.11%) HP Quality Center
Vendors
1 1 (5.56%) Misys
City of London
iKonnect
Rate: £600 - £700 per day + (Depending on Experience)
Posted: 12 hours ago