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 27 July 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
27 Jul 2016
Same period 2015 Same period 2014
Monte Carlo Method
Rank 416 420 419
Rank change year-on-year
+4 -1
Contract jobs citing Monte Carlo Method 16 16 14
As % of all contract IT jobs located in London 0.072% 0.068% 0.060%
As % of the Processes & Methodologies category 0.085% 0.083% 0.074%
Number of daily rates quoted 9 11 12
Median daily rate £650 £600 £663
Median daily rate % change year-on-year
+8.33% -9.43%
UK excluding London median daily rate £481 £450 £375
% change year-on-year
+6.94% +20.00%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - £41.25 -
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
18903 19289 18977
As % of all contract IT jobs located in London 85.35% 81.64% 81.63%
Number of daily rates quoted 13664 13797 13298
Median daily rate £475 £450 £440
Median daily rate % change year-on-year
+5.55% +2.27%
90% offered a daily rate of more than £325 £308 £300
10% offered a daily rate of more than £625 £625 £600
UK excluding London median daily rate £400 £388 £375
% change year-on-year
+3.22% +3.33%
Number of hourly rates quoted 144 232 231
Median hourly rate £23.00 £21.50 £20.06
Median hourly rate % change year-on-year
+6.97% +7.17%
90% offered a hourly rate of more than £12.50 £13.17 £14.00
10% offered a hourly rate of more than £50.00 £72.00 £53.50
UK excluding London median hourly rate £30.00 £30.00 £26.98
% change year-on-year
- +11.21%

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
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 27 July 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 +46 1 £610 +10.90% 2
Romford - 1 - -
Monte Carlo Method
England

Monte Carlo Method
Top 30 Related IT Skills in London

For the 6 months to 27 July 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 27 (72.97%) Finance
2 24 (64.86%) Risk Management
3 21 (56.76%) C#
4 18 (48.65%) C++
5 17 (45.95%) Foreign Exchange (FX)
6 16 (43.24%) Derivative
6 16 (43.24%) Quantitative Finance
7 14 (37.84%) Credit Risk
7 14 (37.84%) QA
8 13 (35.14%) Front Office
9 12 (32.43%) Agile Software Development
9 12 (32.43%) Credit Derivative
9 12 (32.43%) Mathematics
10 11 (29.73%) Market Risk
10 11 (29.73%) Analytical Skills
10 11 (29.73%) Business Analysis
10 11 (29.73%) SQL
11 10 (27.03%) PhD
11 10 (27.03%) Fixed Income
11 10 (27.03%) SDLC
12 9 (24.32%) Grid Computing
12 9 (24.32%) Python
13 8 (21.62%) Java
13 8 (21.62%) VBA
13 8 (21.62%) Degree
13 8 (21.62%) Performance Optimisation
14 7 (18.92%) Risk Analytics
14 7 (18.92%) Analytics
14 7 (18.92%) Validation
14 7 (18.92%) Risk Assessment

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 2 (5.41%) MS Excel
2 1 (2.70%) MS Office
Development Applications
1 1 (2.70%) FitNesse
1 1 (2.70%) SpecFlow
General
1 27 (72.97%) Finance
2 13 (35.14%) Front Office
3 5 (13.51%) Banking
4 4 (10.81%) Investment Banking
5 1 (2.70%) Marketing
Job Titles
1 20 (54.05%) Analyst
2 17 (45.95%) Risk Analyst
3 10 (27.03%) Business Analyst
3 10 (27.03%) Risk Business Analyst
4 9 (24.32%) Qualitative Analyst
4 9 (24.32%) Quantitative Analyst
5 7 (18.92%) Credit Analyst
5 7 (18.92%) Credit Risk Analyst
5 7 (18.92%) Credit Risk Business Analyst
5 7 (18.92%) Credit Risk Manager
5 7 (18.92%) Quantitative Risk Manager
5 7 (18.92%) Risk Manager
6 6 (16.22%) Quantitative Risk Analyst
7 4 (10.81%) Developer
8 3 (8.11%) Market Risk Analyst
8 3 (8.11%) Market Risk Business Analyst
9 2 (5.41%) Project Manager
9 2 (5.41%) Quantitative Developer
10 1 (2.70%) IT Manager
10 1 (2.70%) Test Analyst
Libraries, Frameworks & Software Standards
1 1 (2.70%) .NET
1 1 (2.70%) Boost C++ Libraries
1 1 (2.70%) COM
1 1 (2.70%) STL
Miscellaneous
1 17 (45.95%) Foreign Exchange (FX)
2 16 (43.24%) Derivative
3 14 (37.84%) Credit Risk
4 12 (32.43%) Credit Derivative
4 12 (32.43%) Mathematics
5 11 (29.73%) Analytical Skills
5 11 (29.73%) Market Risk
6 10 (27.03%) Fixed Income
7 9 (24.32%) Grid Computing
8 5 (13.51%) Economics
9 3 (8.11%) Data Structures
9 3 (8.11%) Statistics
10 2 (5.41%) Equities
Processes & Methodologies
1 24 (64.86%) Risk Management
2 16 (43.24%) Quantitative Finance
3 12 (32.43%) Agile Software Development
4 11 (29.73%) Business Analysis
5 10 (27.03%) SDLC
6 8 (21.62%) Performance Optimisation
7 7 (18.92%) Analytics
7 7 (18.92%) Data Analysis
7 7 (18.92%) Risk Analytics
7 7 (18.92%) Risk Assessment
7 7 (18.92%) Validation
8 3 (8.11%) Numerical Analysis
8 3 (8.11%) UML
8 3 (8.11%) Waterfall
9 1 (2.70%) Continuous Integration
9 1 (2.70%) Functional Programming
9 1 (2.70%) Greeks
9 1 (2.70%) Multithreading
9 1 (2.70%) Test Automation
9 1 (2.70%) Test Scripting
Programming Languages
1 21 (56.76%) C#
2 18 (48.65%) C++
3 11 (29.73%) SQL
4 9 (24.32%) Python
5 8 (21.62%) Java
5 8 (21.62%) VBA
6 1 (2.70%) Haskell
6 1 (2.70%) MATLAB
6 1 (2.70%) Scala
6 1 (2.70%) VB
6 1 (2.70%) VC++
Qualifications
1 10 (27.03%) PhD
2 8 (21.62%) Degree
3 2 (5.41%) CFA
Quality Assurance & Compliance
1 14 (37.84%) QA
Vendors
1 1 (2.70%) Microsoft
London
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