The table below looks at the statistics for Monte Carlo Method skills in IT contracts advertised for the 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 6 May 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
6 May 2015
Same period 2014 Same period 2013
Monte Carlo Method
Rank 396 376 306
Rank change year-on-year
-20 -70
Contract jobs citing Monte Carlo Method 15 27 79
As % of all contract IT jobs located in London 0.067% 0.12% 0.37%
As % of the Processes & Methodologies category 0.085% 0.15% 0.48%
Number of daily rates quoted 12 24 64
Average daily rate
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£645 £675 £575
Average daily rate % change year-on-year
-4.44% +17.39%
90% offered a daily rate of more than £555 £600 £441
10% offered a daily rate of more than £700 £785 £643
UK excluding London average daily rate £320 £375 -
% change year-on-year
-14.66% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £35.00 -
Monte Carlo Method
England

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

Processes & Methodologies Category
London
Contract IT job ads with a match in the
Processes & Methodologies category
17596 17989 16489
As % of all contract IT jobs located in London 78.25% 78.24% 77.30%
Number of daily rates quoted 12335 12851 11441
Average daily rate £450 £438 £450
Average daily rate % change year-on-year
+2.85% -2.77%
90% offered a daily rate of more than £310 £300 £300
10% offered a daily rate of more than £615 £600 £600
UK excluding London average daily rate £388 £375 £363
% change year-on-year
+3.33% +3.44%
Number of hourly rates quoted 247 234 227
Average hourly rate £20.31 £22.50 £28.00
Average hourly rate % change year-on-year
-9.73% -19.64%
90% offered a hourly rate of more than £11.00 £13.00 £13.97
10% offered a hourly rate of more than £65.00 £50.00 £135.00
UK excluding London average hourly rate £30.00 £30.00 £32.00
% change year-on-year
- -6.25%

Monte Carlo Method
Jobs Demand Trend in London

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

Monte Carlo Method Jobs Demand Trend in London

Monte Carlo Method
Daily Rate Trend in London

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

Monte Carlo Method Daily Rate Trend in London

Monte Carlo Method
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Monte Carlo Method across the London region over the 3 months to 6 May 2015.

Monte Carlo Method Daily Rate Histogram in London

Monte Carlo Method
Hourly Rate Trend in London

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

Monte Carlo Method Hourly Rate Trend in London

Monte Carlo Method
Contract Job Locations in London

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 London region over the 3 months to 6 May 2015. 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
City of London +18 7 £650 -3.70% 6
Monte Carlo Method
England

Monte Carlo Method
Top 30 Related IT Skills in London

For the 6 months to 6 May 2015, IT contractor jobs across the 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 28 (65.12%) Credit Risk
2 23 (53.49%) Finance
3 21 (48.84%) C++
4 17 (39.53%) Risk Management
5 15 (34.88%) Banking
6 14 (32.56%) Mathematics
6 14 (32.56%) Market Risk
7 12 (27.91%) Investment Banking
7 12 (27.91%) Analytics
7 12 (27.91%) SQL
8 11 (25.58%) Agile Software Development
8 11 (25.58%) Analytical Skills
9 10 (23.26%) Regression Testing
9 10 (23.26%) OO
9 10 (23.26%) Python
10 9 (20.93%) Physics
11 8 (18.60%) C
12 7 (16.28%) Java
12 7 (16.28%) Computer Science
13 6 (13.95%) Test Scripting
13 6 (13.95%) Multithreading
13 6 (13.95%) Statistics
13 6 (13.95%) Low Latency
13 6 (13.95%) Test Automation
13 6 (13.95%) PhD
13 6 (13.95%) Grid Computing
14 5 (11.63%) Asset Management
14 5 (11.63%) Validation
14 5 (11.63%) Scrum
14 5 (11.63%) Derivative

Monte Carlo Method
Top Related IT Skills in London by Category

For the 6 months to 6 May 2015, IT contractor jobs across the 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 Platforms
1 2 (4.65%) Oracle Coherence
Applications
1 3 (6.98%) MS Excel
2 2 (4.65%) Open Workbench
2 2 (4.65%) MS Office
Business Applications
1 1 (2.33%) Summit
Communications & Networking
1 2 (4.65%) AMQP
2 1 (2.33%) TCP/IP
Database & Business Intelligence
1 2 (4.65%) Hadoop
1 2 (4.65%) NoSQL
1 2 (4.65%) Hazelcast
2 1 (2.33%) Relational Database
2 1 (2.33%) Big Data
2 1 (2.33%) MS Access
Development Applications
1 2 (4.65%) JUnit
1 2 (4.65%) Maven
1 2 (4.65%) Apache Ivy
2 1 (2.33%) yacc
2 1 (2.33%) ANTLR
General
1 23 (53.49%) Finance
2 15 (34.88%) Banking
3 12 (27.91%) Investment Banking
4 4 (9.30%) Front Office
5 2 (4.65%) Games
Job Titles
1 18 (41.86%) Developer
2 16 (37.21%) Analyst
3 11 (25.58%) Quantitative Developer
4 6 (13.95%) C++ Developer
4 6 (13.95%) Project Manager
4 6 (13.95%) Business Analyst
5 5 (11.63%) Test Analyst
5 5 (11.63%) Quantitative Analyst
5 5 (11.63%) C++ Quantitative Developer
6 4 (9.30%) Credit Risk Analyst
6 4 (9.30%) Credit Risk Project Manager
6 4 (9.30%) Risk Manager
7 3 (6.98%) Banking Business Analyst
7 3 (6.98%) Senior Test Analyst
7 3 (6.98%) Senior Analyst
8 2 (4.65%) Java Developer
8 2 (4.65%) Consultant
8 2 (4.65%) Senior Developer
8 2 (4.65%) Market Risk Analyst
8 2 (4.65%) Credit Risk Business Analyst
Libraries, Frameworks & Software Standards
1 3 (6.98%) .NET
2 1 (2.33%) WCF
2 1 (2.33%) WPF
2 1 (2.33%) HTML5
2 1 (2.33%) HTML
Miscellaneous
1 28 (65.12%) Credit Risk
2 14 (32.56%) Market Risk
2 14 (32.56%) Mathematics
3 11 (25.58%) Analytical Skills
4 9 (20.93%) Physics
5 7 (16.28%) Computer Science
6 6 (13.95%) Statistics
6 6 (13.95%) Grid Computing
7 5 (11.63%) Derivative
8 4 (9.30%) Foreign Exchange (FX)
8 4 (9.30%) Algorithms
9 3 (6.98%) Fixed Income
9 3 (6.98%) Equity Derivative
10 2 (4.65%) Equities
10 2 (4.65%) Data Structures
11 1 (2.33%) Neural Network
11 1 (2.33%) Exotic Derivative
Operating Systems
1 2 (4.65%) UNIX
1 2 (4.65%) Linux
2 1 (2.33%) Windows
Processes & Methodologies
1 17 (39.53%) Risk Management
2 12 (27.91%) Analytics
3 11 (25.58%) Agile Software Development
4 10 (23.26%) OO
4 10 (23.26%) Regression Testing
5 6 (13.95%) Test Scripting
5 6 (13.95%) Multithreading
5 6 (13.95%) Low Latency
5 6 (13.95%) Test Automation
6 5 (11.63%) Business Analysis
6 5 (11.63%) Asset Management
6 5 (11.63%) Validation
6 5 (11.63%) Scrum
7 4 (9.30%) Project Management
7 4 (9.30%) Stress Testing
8 3 (6.98%) Quantitative Analysis
8 3 (6.98%) Greeks
8 3 (6.98%) Memory Management
8 3 (6.98%) Software Architecture
9 2 (4.65%) Statistical Modelling
Programming Languages
1 21 (48.84%) C++
2 12 (27.91%) SQL
3 10 (23.26%) Python
4 8 (18.60%) C
5 7 (16.28%) Java
6 4 (9.30%) MATLAB
6 4 (9.30%) R
7 3 (6.98%) VBA
7 3 (6.98%) Perl
7 3 (6.98%) C#
8 1 (2.33%) Scala
Qualifications
1 6 (13.95%) PhD
2 4 (9.30%) Degree
3 2 (4.65%) ISTQB Foundation Certification
3 2 (4.65%) ISTQB
Quality Assurance & Compliance
1 2 (4.65%) Basel III
2 1 (2.33%) CRD IV
System Software
1 2 (4.65%) Platform Symphony
Systems Management
1 2 (4.65%) HP Quality Center
Vendors
1 2 (4.65%) Murex
1 2 (4.65%) Calypso
1 2 (4.65%) Sophis
1 2 (4.65%) DataSynapse
2 1 (2.33%) Misys
City, London
Aston Carter
Rate: £400 - £500 per day
Posted: 16 hours ago
City, London
Aston Carter
Rate: £600 - £750 per annum
Posted: 22 hours ago