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 30 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
30 May 2016
Same period 2015 Same period 2014
Monte Carlo Method
Rank 396 408 404
Rank change year-on-year
+12 -4
Contract jobs citing Monte Carlo Method 21 12 27
As % of all contract IT jobs located in London 0.097% 0.053% 0.12%
As % of the Processes & Methodologies category 0.12% 0.066% 0.14%
Number of daily rates quoted 14 9 24
Median daily rate £675 £650 £675
Median daily rate % change year-on-year
+3.84% -3.70%
90% offered a daily rate of more than £577 £578 £600
10% offered a daily rate of more than £988 £705 £768
UK excluding London median daily rate £481 £320 £375
% change year-on-year
+50.39% -14.66%
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
18191 18320 18823
As % of all contract IT jobs located in London 83.91% 80.97% 80.52%
Number of daily rates quoted 13326 12907 13499
Median daily rate £475 £450 £430
Median daily rate % change year-on-year
+5.55% +4.65%
90% offered a daily rate of more than £325 £310 £300
10% offered a daily rate of more than £625 £625 £600
UK excluding London median daily rate £400 £385 £375
% change year-on-year
+3.89% +2.66%
Number of hourly rates quoted 149 259 237
Median hourly rate £21.64 £22.00 £21.75
Median hourly rate % change year-on-year
-1.63% +1.14%
90% offered a hourly rate of more than £12.50 £11.00 £12.85
10% offered a hourly rate of more than £43.75 £80.00 £53.50
UK excluding London median hourly rate £32.50 £30.00 £30.00
% change year-on-year
+8.33% -

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 30 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 30 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 +38 1 £575 -11.53% 1
Romford - 1 - -
Monte Carlo Method
England

Monte Carlo Method
Top 30 Related IT Skills in London

For the 6 months to 30 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 32 (78.05%) Finance
2 28 (68.29%) Risk Management
3 25 (60.98%) C++
4 23 (56.10%) C#
5 22 (53.66%) QA
5 22 (53.66%) Credit Risk
6 20 (48.78%) Mathematics
6 20 (48.78%) Derivative
6 20 (48.78%) Front Office
7 18 (43.90%) Market Risk
8 17 (41.46%) Foreign Exchange (FX)
9 16 (39.02%) PhD
9 16 (39.02%) Credit Derivative
10 14 (34.15%) Risk Assessment
10 14 (34.15%) Validation
11 13 (31.71%) Agile Software Development
12 12 (29.27%) SQL
13 11 (26.83%) Java
14 10 (24.39%) Banking
14 10 (24.39%) Business Analysis
15 9 (21.95%) Degree
15 9 (21.95%) Analytical Skills
15 9 (21.95%) SDLC
15 9 (21.95%) Python
16 8 (19.51%) Investment Banking
16 8 (19.51%) Risk Analytics
16 8 (19.51%) Analytics
17 7 (17.07%) Data Analysis
18 6 (14.63%) VBA
19 3 (7.32%) Economics

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:

Applications
1 3 (7.32%) MS Office
2 2 (4.88%) MS Excel
Database & Business Intelligence
1 2 (4.88%) Data Warehouse
1 2 (4.88%) SQL Server
2 1 (2.44%) Oracle Database
2 1 (2.44%) RDBMS
2 1 (2.44%) Relational Database
Development Applications
1 1 (2.44%) FitNesse
1 1 (2.44%) SpecFlow
General
1 32 (78.05%) Finance
2 20 (48.78%) Front Office
3 10 (24.39%) Banking
4 8 (19.51%) Investment Banking
5 1 (2.44%) Marketing
5 1 (2.44%) Retail
Job Titles
1 13 (31.71%) Analyst
1 13 (31.71%) Credit Risk Manager
1 13 (31.71%) Quantitative Risk Manager
1 13 (31.71%) Risk Manager
2 12 (29.27%) Risk Analyst
3 9 (21.95%) Credit Analyst
3 9 (21.95%) Credit Risk Analyst
3 9 (21.95%) Developer
4 8 (19.51%) Business Analyst
4 8 (19.51%) Risk Business Analyst
5 7 (17.07%) Credit Risk Business Analyst
6 4 (9.76%) Quantitative Developer
7 3 (7.32%) C# Developer
7 3 (7.32%) Java Developer
7 3 (7.32%) Qualitative Analyst
7 3 (7.32%) Quantitative Analyst
8 2 (4.88%) C# WPF Developer
8 2 (4.88%) Market Risk Developer
8 2 (4.88%) Senior WPF Developer
8 2 (4.88%) WPF Developer
Libraries, Frameworks & Software Standards
1 3 (7.32%) .NET
2 2 (4.88%) ASP.NET
2 2 (4.88%) WPF
3 1 (2.44%) Boost C++ Libraries
3 1 (2.44%) COM
3 1 (2.44%) STL
Miscellaneous
1 22 (53.66%) Credit Risk
2 20 (48.78%) Derivative
2 20 (48.78%) Mathematics
3 18 (43.90%) Market Risk
4 17 (41.46%) Foreign Exchange (FX)
5 16 (39.02%) Credit Derivative
6 9 (21.95%) Analytical Skills
7 3 (7.32%) Algorithms
7 3 (7.32%) Economics
7 3 (7.32%) Fixed Income
8 2 (4.88%) Computer Science
8 2 (4.88%) Equities
8 2 (4.88%) Grid Computing
8 2 (4.88%) Statistics
9 1 (2.44%) Data Structures
Operating Systems
1 2 (4.88%) Windows
Processes & Methodologies
1 28 (68.29%) Risk Management
2 14 (34.15%) Risk Assessment
2 14 (34.15%) Validation
3 13 (31.71%) Agile Software Development
4 10 (24.39%) Business Analysis
5 9 (21.95%) SDLC
6 8 (19.51%) Analytics
6 8 (19.51%) Risk Analytics
7 7 (17.07%) Data Analysis
8 3 (7.32%) Regression Testing
9 2 (4.88%) Dashboard Development
9 2 (4.88%) Data Entry
9 2 (4.88%) Migration
9 2 (4.88%) Numerical Analysis
9 2 (4.88%) Performance Optimisation
9 2 (4.88%) Unit Testing
9 2 (4.88%) User Acceptance Testing
10 1 (2.44%) Econometrics
10 1 (2.44%) Scrum
10 1 (2.44%) TDD
Programming Languages
1 25 (60.98%) C++
2 23 (56.10%) C#
3 12 (29.27%) SQL
4 11 (26.83%) Java
5 9 (21.95%) Python
6 6 (14.63%) VBA
7 1 (2.44%) Haskell
7 1 (2.44%) MATLAB
7 1 (2.44%) Scala
7 1 (2.44%) VB
7 1 (2.44%) VC++
Qualifications
1 16 (39.02%) PhD
2 9 (21.95%) Degree
3 2 (4.88%) CFA
Quality Assurance & Compliance
1 22 (53.66%) QA
Vendors
1 1 (2.44%) Microsoft
1 1 (2.44%) Oracle