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 contractor rates offered in IT contracts that have cited Monte Carlo Method over the 3 months to 3 May 2016 with a comparison to the same period over 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.

3 months to
3 May 2016
Same period 2015 Same period 2014
Monte Carlo Method
Rank 424 400 398
Rank change year-on-year
-24 -2
Contract jobs citing Monte Carlo Method 20 20 36
As % of all contract IT jobs located in London 0.088% 0.090% 0.15%
As % of the Processes & Methodologies category 0.10% 0.11% 0.19%
Number of daily rates quoted 17 16 33
Median daily rate £700 £633 £675
Median daily rate % change year-on-year
+10.67% -6.29%
90% offered a daily rate of more than £545 £538 £505
10% offered a daily rate of more than £1,100 £713 £800
UK excluding London median daily rate £500 £320 -
% change year-on-year
+56.25% -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
19139 18033 19103
As % of all contract IT jobs located in London 83.78% 80.75% 80.60%
Number of daily rates quoted 13950 12592 13565
Median daily rate £475 £450 £425
Median daily rate % change year-on-year
+5.55% +5.88%
90% offered a daily rate of more than £325 £310 £300
10% offered a daily rate of more than £625 £600 £600
UK excluding London median daily rate £400 £388 £375
% change year-on-year
+3.22% +3.33%
Number of hourly rates quoted 165 257 238
Median hourly rate £21.89 £20.31 £23.00
Median hourly rate % change year-on-year
+7.77% -11.69%
90% offered a hourly rate of more than £12.50 £11.00 £13.00
10% offered a hourly rate of more than £52.42 £55.00 £50.00
UK excluding London median hourly rate £36.00 £31.00 £31.50
% change year-on-year
+16.12% -1.58%

Monte Carlo Method
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing Monte Carlo Method as a proportion of all IT contracts with a match in 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 3 May 2016.

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 median contractor rates quoted in IT jobs citing Monte Carlo Method within the London region over the 3 months to 3 May 2016. 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +24 1 £575 -6.12% 1
Romford - 1 - -
Monte Carlo Method
England

Monte Carlo Method
Top 30 Related IT Skills in London

For the 6 months to 3 May 2016, IT contractor jobs citing Monte Carlo Method also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the London region with a requirement for Monte Carlo Method.

1 28 (65.12%) Finance
2 24 (55.81%) C#
3 23 (53.49%) C++
3 23 (53.49%) Risk Management
4 22 (51.16%) Mathematics
5 21 (48.84%) Front Office
6 20 (46.51%) Credit Risk
6 20 (46.51%) Market Risk
7 19 (44.19%) QA
8 18 (41.86%) Derivative
9 15 (34.88%) Validation
9 15 (34.88%) PhD
9 15 (34.88%) Foreign Exchange (FX)
10 14 (32.56%) Risk Assessment
10 14 (32.56%) Credit Derivative
11 12 (27.91%) Agile Software Development
11 12 (27.91%) SQL
12 11 (25.58%) Banking
13 10 (23.26%) Analytical Skills
14 9 (20.93%) Degree
15 8 (18.60%) Investment Banking
15 8 (18.60%) Analytics
15 8 (18.60%) Java
16 7 (16.28%) Python
16 7 (16.28%) Business Analysis
17 6 (13.95%) VBA
17 6 (13.95%) .NET
17 6 (13.95%) SDLC
18 5 (11.63%) ASP.NET
18 5 (11.63%) WPF

Monte Carlo Method
Top Related IT Skills in London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 3 (6.98%) SAS
Applications
1 4 (9.30%) MS Office
2 2 (4.65%) MS Excel
Database & Business Intelligence
1 4 (9.30%) SQL Server
2 3 (6.98%) Data Warehouse
3 1 (2.33%) Oracle Database
3 1 (2.33%) RDBMS
3 1 (2.33%) Relational Database
Development Applications
1 1 (2.33%) FitNesse
1 1 (2.33%) SpecFlow
General
1 28 (65.12%) Finance
2 21 (48.84%) Front Office
3 11 (25.58%) Banking
4 8 (18.60%) Investment Banking
5 4 (9.30%) Marketing
5 4 (9.30%) Retail
6 3 (6.98%) Games
Job Titles
1 13 (30.23%) Credit Risk Manager
1 13 (30.23%) Quantitative Risk Manager
1 13 (30.23%) Risk Manager
2 11 (25.58%) Developer
3 10 (23.26%) Analyst
4 8 (18.60%) Risk Analyst
5 6 (13.95%) Credit Analyst
5 6 (13.95%) Credit Risk Analyst
6 5 (11.63%) C# Developer
7 4 (9.30%) Business Analyst
7 4 (9.30%) Market Risk Developer
7 4 (9.30%) Risk Business Analyst
8 3 (6.98%) Analytics Manager
8 3 (6.98%) C# WPF Developer
8 3 (6.98%) Credit Risk Business Analyst
8 3 (6.98%) Qualitative Analyst
8 3 (6.98%) Quantitative Analyst
8 3 (6.98%) Senior Developer
8 3 (6.98%) Senior WPF Developer
8 3 (6.98%) WPF Developer
Libraries, Frameworks & Software Standards
1 6 (13.95%) .NET
2 5 (11.63%) ASP.NET
2 5 (11.63%) WPF
3 2 (4.65%) WCF
4 1 (2.33%) Boost C++ Libraries
4 1 (2.33%) COM
4 1 (2.33%) STL
Miscellaneous
1 22 (51.16%) Mathematics
2 20 (46.51%) Credit Risk
2 20 (46.51%) Market Risk
3 18 (41.86%) Derivative
4 15 (34.88%) Foreign Exchange (FX)
5 14 (32.56%) Credit Derivative
6 10 (23.26%) Analytical Skills
7 4 (9.30%) Statistics
8 3 (6.98%) Algorithms
8 3 (6.98%) Economics
9 2 (4.65%) Computer Science
9 2 (4.65%) Equities
10 1 (2.33%) Data Structures
10 1 (2.33%) Equity Derivative
10 1 (2.33%) Fixed Income
10 1 (2.33%) Hedge funds
10 1 (2.33%) Physics
Operating Systems
1 3 (6.98%) Windows
Processes & Methodologies
1 23 (53.49%) Risk Management
2 15 (34.88%) Validation
3 14 (32.56%) Risk Assessment
4 12 (27.91%) Agile Software Development
5 8 (18.60%) Analytics
6 7 (16.28%) Business Analysis
7 6 (13.95%) SDLC
8 5 (11.63%) Risk Analytics
9 4 (9.30%) Data Analysis
9 4 (9.30%) Operations Research
9 4 (9.30%) Regression Testing
9 4 (9.30%) Unit Testing
10 3 (6.98%) Business Intelligence
10 3 (6.98%) Competitive Intelligence
10 3 (6.98%) Dependency Injection
10 3 (6.98%) Migration
10 3 (6.98%) Online Marketing
10 3 (6.98%) Predictive Modelling
10 3 (6.98%) User Acceptance Testing
10 3 (6.98%) Web Analytics
Programming Languages
1 24 (55.81%) C#
2 23 (53.49%) C++
3 12 (27.91%) SQL
4 8 (18.60%) Java
5 7 (16.28%) Python
6 6 (13.95%) VBA
7 2 (4.65%) MATLAB
8 1 (2.33%) C
8 1 (2.33%) Haskell
8 1 (2.33%) R
8 1 (2.33%) Scala
8 1 (2.33%) VB
8 1 (2.33%) VC++
Qualifications
1 15 (34.88%) PhD
2 9 (20.93%) Degree
3 2 (4.65%) CFA
Quality Assurance & Compliance
1 19 (44.19%) QA
Vendors
1 3 (6.98%) Tableau
2 1 (2.33%) Microsoft
2 1 (2.33%) Oracle