Monte Carlo Method Contracts in the City of London
 
Demand Trend Daily Rate Trend Daily Rate Histogram Hourly Rate Trend Related Skills

The first table below looks at the demand 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 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Processes & Methodologies category for the City of London region.

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 May 2013		 Same period 2012 Same period 2011
Monte Carlo Method
Rank 189 200 163
Rank change year-on-year
+11 -37
Contract jobs citing Monte Carlo Method 12 13 83
As % of all contract IT jobs located in the City of London 0.191% 0.167% 0.843%
As % of the Processes & Methodologies category 0.260% 0.234% 1.173%
Number of daily rates quoted 12 11 72
Average daily rate £525 £550 £619
Average daily rate % change year-on-year
-4.54% -11.11%
90% offered a daily rate of more than £450 £450 £504
10% offered a daily rate of more than £575 £625 £723
UK excluding London average daily rate - - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Processes & Methodologies
City of London
Contract IT job ads with a match in the
Processes & Methodologies category		 4620 5558 7076
As % of all contract IT jobs located in the City of London 73.39% 71.44% 71.90%
Number of daily rates quoted 3487 4000 5250
Average daily rate £450 £462 £500
Average daily rate % change year-on-year
-2.59% -7.60%
90% offered a daily rate of more than £310 £300 £325
10% offered a daily rate of more than £600 £625 £650
UK excluding London average daily rate £363 £365 £375
% change year-on-year
-0.68% -2.66%
Number of hourly rates quoted 73 99 97
Average hourly rate £42.00 £25.00 £25.00
Average hourly rate % change year-on-year
+68.00% -
90% offered a hourly rate of more than £18.40 £15.00 £14.50
10% offered a hourly rate of more than £135.00 £47.50 £50.50
UK excluding London average hourly rate £31.60 £25.00 £30.00
% change year-on-year
+26.40% -16.66%
Monte Carlo Method
London

Monte Carlo Method
Jobs Demand Trend

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.

City of London Monte Carlo Method Jobs Demand Trend

Monte Carlo Method
Daily Rate Trend

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.

City of London Monte Carlo Method Daily Rate Trend

Monte Carlo Method
Daily Rate Histogram

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 May 2013.

City of London Monte Carlo Method Daily Rate Histogram

Monte Carlo Method
Hourly Rate Trend

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.

City of London Monte Carlo Method Hourly Rate Trend

Monte Carlo Method
Top 30 Related IT Skills

For the 6 months to 17 May 2013, 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 12 (63.16%) Banking
2 11 (57.89%) Investment Banking
2 11 (57.89%) Credit Risk
3 9 (47.37%) Market Risk
3 9 (47.37%) SQL
4 5 (26.32%) Data Analysis
4 5 (26.32%) VBA
4 5 (26.32%) Java
4 5 (26.32%) Python
4 5 (26.32%) Greeks
5 4 (21.05%) Basel III
5 4 (21.05%) Stress Testing
5 4 (21.05%) Jython
6 3 (15.79%) C++
6 3 (15.79%) Equities
6 3 (15.79%) .NET
6 3 (15.79%) Regression Testing
6 3 (15.79%) Analytics
6 3 (15.79%) Business Analysis
7 2 (10.53%) QA
7 2 (10.53%) WPF
7 2 (10.53%) Degree
7 2 (10.53%) User Acceptance Testing
7 2 (10.53%) Stochastic Calculus
7 2 (10.53%) R
7 2 (10.53%) Postgraduate
7 2 (10.53%) Risk Management
7 2 (10.53%) SQL Server
7 2 (10.53%) C
7 2 (10.53%) Scrum

Monte Carlo Method
Top Related IT Skills by Category

For the 6 months to 17 May 2013, 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.

Application Development
1 3 (15.79%) .NET
2 2 (10.53%) WPF
3 1 (5.263%) ADO.NET Entity Framework
3 1 (5.263%) ASP.NET
3 1 (5.263%) .NET Framework
3 1 (5.263%) WCF
Business Applications
1 1 (5.263%) Adaptiv
Communications & Networking
1 1 (5.263%) HTTP
Database & Business Intelligence
1 2 (10.53%) SQL Server
2 1 (5.263%) SQL Server Integration Services
Development Applications
1 1 (5.263%) Team Foundation Server
General
1 12 (63.16%) Banking
2 11 (57.89%) Investment Banking
3 1 (5.263%) French Language
3 1 (5.263%) Front Office
3 1 (5.263%) Finance
Job Titles
1 16 (84.21%) Analyst
2 9 (47.37%) Business Analyst
3 6 (31.58%) Market Risk Analyst
3 6 (31.58%) Credit Risk Analyst
4 5 (26.32%) Investment Banking Business Analyst
5 4 (21.05%) Market Risk Business Analyst
5 4 (21.05%) Credit Risk Business Analyst
6 3 (15.79%) Risk Analyst
6 3 (15.79%) Test Analyst
6 3 (15.79%) Release Analyst
7 2 (10.53%) Quantitative Analyst
7 2 (10.53%) IT Business Analyst
8 1 (5.263%) Senior SQL Server Developer
8 1 (5.263%) Banking Business Analyst
8 1 (5.263%) Project Manager
8 1 (5.263%) Business Support Analyst
8 1 (5.263%) Senior C# Developer
8 1 (5.263%) Senior .NET Developer
8 1 (5.263%) Senior ASP.NET Developer
8 1 (5.263%) Banking Analyst
Miscellaneous
1 11 (57.89%) Credit Risk
2 9 (47.37%) Market Risk
3 3 (15.79%) Equities
4 2 (10.53%) Fixed Income
4 2 (10.53%) Derivative
4 2 (10.53%) Statistics
4 2 (10.53%) Mathematics
5 1 (5.263%) Foreign Exchange (FX)
5 1 (5.263%) Credit Derivative
Processes & Methodologies
1 5 (26.32%) Data Analysis
1 5 (26.32%) Greeks
2 4 (21.05%) Stress Testing
3 3 (15.79%) Business Analysis
3 3 (15.79%) Regression Testing
3 3 (15.79%) Analytics
4 2 (10.53%) Risk Management
4 2 (10.53%) Stochastic Calculus
4 2 (10.53%) Scrum
4 2 (10.53%) User Acceptance Testing
5 1 (5.263%) Statistical Analysis
5 1 (5.263%) Release Management
5 1 (5.263%) Validation
5 1 (5.263%) Migration
5 1 (5.263%) UML
5 1 (5.263%) OO
5 1 (5.263%) DSDM
5 1 (5.263%) CRM
5 1 (5.263%) ETL
5 1 (5.263%) Project Management
Programming Languages
1 9 (47.37%) SQL
2 5 (26.32%) VBA
2 5 (26.32%) Python
2 5 (26.32%) Java
3 4 (21.05%) Jython
4 3 (15.79%) C++
5 2 (10.53%) R
5 2 (10.53%) C
6 1 (5.263%) C#
6 1 (5.263%) Perl
Qualifications
1 2 (10.53%) Postgraduate
1 2 (10.53%) Degree
Quality Assurance & Compliance
1 4 (21.05%) Basel III
2 2 (10.53%) QA
3 1 (5.263%) Basel II
Systems Management
1 1 (5.263%) HP Quality Center
Vendors
1 1 (5.263%) Microsoft
1 1 (5.263%) SunGard
1 1 (5.263%) HP
Lead Business Analyst-Credit Risk
City of London
My client is looking for A Credit risk Business Analyst to come in and work along side the credit risk business to understand and refine requirements... You will...
Real Staffing
Rate: £500 - £600 per day
Posted: 15 May 2013
Business Analyst - Credit Risk IT - Basel III
City of London
The successful candidate will be working on a number of regulatory driven projects... Key words: Credit risk, business analyst, Basel, Basel III, regulatory, regulation, monte carlo, SQL, derivatives,...
Huxley Associates
Rate: £500 - £650 per day
Posted: 15 May 2013
Project Manager
City of London
4 year degree. 1- 3 years plus experience in project management, knowledge of risk management analytic models such as Monte Carlo simulations, VaR, etc., is a plus but...
Huxley Associates
Rate: £200 - £250 per day
Posted: 15 May 2013
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