The table below looks at the statistics for Monte Carlo Method skills in IT contracts advertised for the England 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 20 August 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
20 Aug 2014
Same period 2013 Same period 2012
Monte Carlo Method
Rank 568 502 510
Rank change year-on-year
-66 +8
Contract jobs citing Monte Carlo Method 11 50 49
As % of all contract IT jobs located in England 0.022% 0.10% 0.091%
As % of the Processes & Methodologies category 0.029% 0.14% 0.13%
Number of daily rates quoted 9 35 38
Average daily rate
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£600 £550 £550
Average daily rate % change year-on-year
+9.09% -
UK excluding London average daily rate £500 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Monte Carlo Method
UK

The following table is for comparison with the above and provides statistics for the entire Processes & Methodologies category in contract jobs advertised in the England region.

Processes & Methodologies Category
England
Contract IT job ads with a match in the
Processes & Methodologies category
37309 35800 38541
As % of all contract IT jobs located in England 74.52% 73.75% 71.42%
Number of daily rates quoted 23546 22412 22771
Average daily rate £413 £405 £400
Average daily rate % change year-on-year
+1.85% +1.25%
90% offered a daily rate of more than £275 £273 £265
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £375 £370 £363
% change year-on-year
+1.35% +2.06%
Number of hourly rates quoted 1058 970 1387
Average hourly rate £22.50 £28.00 £32.50
Average hourly rate % change year-on-year
-19.64% -13.84%
90% offered a hourly rate of more than £12.50 £12.75 £13.69
10% offered a hourly rate of more than £45.00 £47.50 £46.00
UK excluding London average hourly rate £25.00 £30.00 £31.00
% change year-on-year
-16.66% -3.22%

Monte Carlo Method
Jobs Demand Trend in England

This chart provides a 3-month moving total of IT contractor jobs citing Monte Carlo Method across the England region as a proportion of the total demand within the Processes & Methodologies category.

Monte Carlo Method Jobs Demand Trend in England

Monte Carlo Method
Daily Rate Trend in England

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Monte Carlo Method across the England region.

Monte Carlo Method Daily Rate Trend in England

Monte Carlo Method
Daily Rate Histogram in England

This chart provides a histogram of daily rates quoted in contract IT jobs citing Monte Carlo Method across the England region over the 3 months to 20 August 2014.

Monte Carlo Method Daily Rate Histogram in England

Monte Carlo Method
Hourly Rate Trend in England

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Monte Carlo Method across the England region.

Monte Carlo Method Hourly Rate Trend in England

Monte Carlo Method
Contract Job Locations in England

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Monte Carlo Method within the England region over the 3 months to 20 August 2014. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London -26 10 £613 +11.36% 7
North West - - - - 3
South East - - - -
Monte Carlo Method
UK

Monte Carlo Method
Top 30 Related IT Skills in England

For the 6 months to 20 August 2014, IT contractor jobs across the England 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 24 (55.81%) C++
2 17 (39.53%) C#
3 14 (32.56%) Finance
4 13 (30.23%) Banking
4 13 (30.23%) Credit Risk
5 12 (27.91%) Investment Banking
6 11 (25.58%) Analytics
7 10 (23.26%) Front Office
7 10 (23.26%) Java
7 10 (23.26%) Mathematics
8 9 (20.93%) Derivative
9 8 (18.60%) Grid Computing
9 8 (18.60%) Risk Management
9 8 (18.60%) VBA
10 7 (16.28%) Windows
10 7 (16.28%) SQL
10 7 (16.28%) Python
11 6 (13.95%) PhD
11 6 (13.95%) .NET
11 6 (13.95%) Perl
11 6 (13.95%) MS Office
11 6 (13.95%) STL
11 6 (13.95%) Foreign Exchange (FX)
11 6 (13.95%) Computer Science
12 5 (11.63%) Market Risk
12 5 (11.63%) Linux
13 4 (9.30%) SQL Server
13 4 (9.30%) Validation
13 4 (9.30%) User Acceptance Testing
14 3 (6.98%) MODAF

Monte Carlo Method
Top Related IT Skills in England by Category

For the 6 months to 20 August 2014, IT contractor jobs across the England 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 Platforms
1 2 (4.65%) Oracle Coherence
Applications
1 6 (13.95%) MS Office
2 1 (2.33%) MS Excel
Business Applications
1 1 (2.33%) Summit
Database & Business Intelligence
1 4 (9.30%) SQL Server
2 2 (4.65%) SQL Server 2008
3 1 (2.33%) SQL Server 2005
3 1 (2.33%) SQL Server Integration Services
3 1 (2.33%) Data Warehouse
3 1 (2.33%) Big Data
3 1 (2.33%) Hazelcast
Development Applications
1 2 (4.65%) Subversion
2 1 (2.33%) Maven
2 1 (2.33%) JUnit
2 1 (2.33%) SpecFlow
2 1 (2.33%) Rational DOORS
2 1 (2.33%) Gradle
General
1 14 (32.56%) Finance
2 13 (30.23%) Banking
3 12 (27.91%) Investment Banking
4 10 (23.26%) Front Office
5 2 (4.65%) Military
Job Titles
1 26 (60.47%) Developer
2 17 (39.53%) Quantitative Developer
3 11 (25.58%) Analyst
4 9 (20.93%) C++ Developer
5 6 (13.95%) C++ Quantitative Developer
6 5 (11.63%) Quantitative Analyst
7 4 (9.30%) C# Developer
8 3 (6.98%) Senior Quantitative Analyst
8 3 (6.98%) Business Analyst
8 3 (6.98%) Risk Analyst
8 3 (6.98%) Senior Analyst
9 2 (4.65%) Information Analyst
9 2 (4.65%) Credit Risk Business Analyst
9 2 (4.65%) Requirements Analyst
9 2 (4.65%) Credit Risk Analyst
10 1 (2.33%) Investment Banking Business Analyst
10 1 (2.33%) Security Risk Analyst
10 1 (2.33%) C# ASP.NET Developer
10 1 (2.33%) Research Analyst
10 1 (2.33%) IT Business Analyst
Libraries, Frameworks & Software Standards
1 6 (13.95%) .NET
1 6 (13.95%) STL
2 2 (4.65%) ADO.NET Entity Framework
2 2 (4.65%) Boost C++ Libraries
2 2 (4.65%) WCF
2 2 (4.65%) WPF
2 2 (4.65%) .NET Framework
3 1 (2.33%) jQuery
3 1 (2.33%) Microsoft Enterprise Library
3 1 (2.33%) Spring
3 1 (2.33%) HTML
3 1 (2.33%) Web Services
3 1 (2.33%) XML
3 1 (2.33%) XSLT
3 1 (2.33%) ASP.NET
3 1 (2.33%) HTML5
3 1 (2.33%) Restlet
Miscellaneous
1 13 (30.23%) Credit Risk
2 10 (23.26%) Mathematics
3 9 (20.93%) Derivative
4 8 (18.60%) Grid Computing
5 6 (13.95%) Foreign Exchange (FX)
5 6 (13.95%) Computer Science
6 5 (11.63%) Market Risk
7 3 (6.98%) Fixed Income
7 3 (6.98%) Physics
8 2 (4.65%) Interest Rate Derivative
8 2 (4.65%) Equity Derivative
8 2 (4.65%) Economics
8 2 (4.65%) Swaptions
9 1 (2.33%) Applied Mathematics
9 1 (2.33%) Credit Derivative
9 1 (2.33%) Energy Derivatives
9 1 (2.33%) Statistics
9 1 (2.33%) Hybrid Derivative
9 1 (2.33%) Management Information System
9 1 (2.33%) Equities
Operating Systems
1 7 (16.28%) Windows
2 5 (11.63%) Linux
3 1 (2.33%) Windows Server 2003
3 1 (2.33%) Windows XP
Processes & Methodologies
1 11 (25.58%) Analytics
2 8 (18.60%) Risk Management
3 4 (9.30%) Validation
3 4 (9.30%) User Acceptance Testing
4 3 (6.98%) MODAF
4 3 (6.98%) OO
4 3 (6.98%) Quantitative Risk Management
5 2 (4.65%) Risk Analytics
5 2 (4.65%) Probability Theory
5 2 (4.65%) Continuous Improvement
5 2 (4.65%) OOP
5 2 (4.65%) SOA
5 2 (4.65%) Stakeholder Management
5 2 (4.65%) Workflow
5 2 (4.65%) Business Analysis
5 2 (4.65%) Statistical Analysis
5 2 (4.65%) Agile Software Development
5 2 (4.65%) TDD
5 2 (4.65%) Asset Management
5 2 (4.65%) Refactoring
Programming Languages
1 24 (55.81%) C++
2 17 (39.53%) C#
3 10 (23.26%) Java
4 8 (18.60%) VBA
5 7 (16.28%) SQL
5 7 (16.28%) Python
6 6 (13.95%) Perl
7 2 (4.65%) R
8 1 (2.33%) Scala
8 1 (2.33%) PowerShell
8 1 (2.33%) MATLAB
8 1 (2.33%) C
Qualifications
1 6 (13.95%) PhD
2 2 (4.65%) MBA
2 2 (4.65%) Degree
2 2 (4.65%) SC Cleared
2 2 (4.65%) Security Cleared
3 1 (2.33%) BC Cleared
Quality Assurance & Compliance
1 2 (4.65%) Basel III
1 2 (4.65%) Dodd-Frank
1 2 (4.65%) QA
2 1 (2.33%) Basel II
Vendors
1 2 (4.65%) Microsoft
1 2 (4.65%) DataSynapse
2 1 (2.33%) Sophis
2 1 (2.33%) TIBCO
2 1 (2.33%) Perforce
2 1 (2.33%) Murex
2 1 (2.33%) Calypso
London
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