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 27 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
27 Aug 2014
Same period 2013 Same period 2012
Monte Carlo Method
Rank 414 373 362
Rank change year-on-year
-41 -11
Contract jobs citing Monte Carlo Method 10 48 52
As % of all contract IT jobs located in London 0.042% 0.19% 0.20%
As % of the Processes & Methodologies category 0.054% 0.25% 0.26%
Number of daily rates quoted 8 33 44
Average daily rate
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£613 £550 £550
Average daily rate % change year-on-year
+11.36% -
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
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
18458 19449 19685
As % of all contract IT jobs located in London 77.13% 76.63% 74.51%
Number of daily rates quoted 12825 13607 13265
Average daily rate £450 £450 £435
Average daily rate % change year-on-year
- +3.44%
90% offered a daily rate of more than £300 £300 £290
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £375 £370 £360
% change year-on-year
+1.35% +2.77%
Number of hourly rates quoted 214 234 365
Average hourly rate £20.50 £22.50 £32.50
Average hourly rate % change year-on-year
-8.88% -30.76%
90% offered a hourly rate of more than £13.50 £14.00 £15.00
10% offered a hourly rate of more than £45.00 £52.00 £48.00
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 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 27 August 2014.

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 27 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
City of London +21 5 £650 +23.80% 4
Canary Wharf - - - -
Monte Carlo Method
England

Monte Carlo Method
Top 30 Related IT Skills in London

For the 6 months to 27 August 2014, 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 23 (62.16%) C++
2 17 (45.95%) C#
3 13 (35.14%) Banking
4 12 (32.43%) Investment Banking
4 12 (32.43%) Finance
5 11 (29.73%) Credit Risk
5 11 (29.73%) Analytics
6 10 (27.03%) Mathematics
6 10 (27.03%) Front Office
6 10 (27.03%) Java
7 9 (24.32%) Derivative
8 8 (21.62%) VBA
9 7 (18.92%) Grid Computing
9 7 (18.92%) SQL
9 7 (18.92%) Windows
10 6 (16.22%) Foreign Exchange (FX)
10 6 (16.22%) Python
10 6 (16.22%) PhD
10 6 (16.22%) .NET
10 6 (16.22%) STL
10 6 (16.22%) Risk Management
11 5 (13.51%) Perl
11 5 (13.51%) Linux
11 5 (13.51%) Computer Science
12 4 (10.81%) Market Risk
12 4 (10.81%) User Acceptance Testing
12 4 (10.81%) SQL Server
13 3 (8.11%) Fixed Income
13 3 (8.11%) Validation
13 3 (8.11%) OO

Monte Carlo Method
Top Related IT Skills in London by Category

For the 6 months to 27 August 2014, 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 (5.41%) Oracle Coherence
Applications
1 3 (8.11%) MS Office
Business Applications
1 1 (2.70%) Summit
Database & Business Intelligence
1 4 (10.81%) SQL Server
2 2 (5.41%) SQL Server 2008
3 1 (2.70%) Big Data
3 1 (2.70%) Hazelcast
3 1 (2.70%) Data Warehouse
3 1 (2.70%) SQL Server 2005
3 1 (2.70%) SQL Server Integration Services
Development Applications
1 2 (5.41%) Subversion
2 1 (2.70%) Maven
2 1 (2.70%) SpecFlow
2 1 (2.70%) Gradle
2 1 (2.70%) JUnit
General
1 13 (35.14%) Banking
2 12 (32.43%) Investment Banking
2 12 (32.43%) Finance
3 10 (27.03%) Front Office
Job Titles
1 25 (67.57%) Developer
2 16 (43.24%) Quantitative Developer
3 8 (21.62%) Analyst
3 8 (21.62%) C++ Developer
4 5 (13.51%) Quantitative Analyst
4 5 (13.51%) C++ Quantitative Developer
5 4 (10.81%) C# Developer
6 3 (8.11%) Senior Analyst
6 3 (8.11%) Business Analyst
6 3 (8.11%) Senior Quantitative Analyst
7 2 (5.41%) Credit Risk Business Analyst
7 2 (5.41%) Risk Analyst
7 2 (5.41%) Credit Risk Analyst
8 1 (2.70%) Investment Banking Business Analyst
8 1 (2.70%) C# ASP.NET Developer
8 1 (2.70%) Credit Analyst
8 1 (2.70%) IT Business Analyst
8 1 (2.70%) Research Analyst
8 1 (2.70%) Banking Business Analyst
8 1 (2.70%) Java Developer
Libraries, Frameworks & Software Standards
1 6 (16.22%) STL
1 6 (16.22%) .NET
2 2 (5.41%) .NET Framework
2 2 (5.41%) WCF
2 2 (5.41%) WPF
2 2 (5.41%) Boost C++ Libraries
2 2 (5.41%) ADO.NET Entity Framework
3 1 (2.70%) Restlet
3 1 (2.70%) HTML
3 1 (2.70%) HTML5
3 1 (2.70%) jQuery
3 1 (2.70%) Microsoft Enterprise Library
3 1 (2.70%) ASP.NET
3 1 (2.70%) Web Services
3 1 (2.70%) XML
3 1 (2.70%) XSLT
3 1 (2.70%) Spring
Miscellaneous
1 11 (29.73%) Credit Risk
2 10 (27.03%) Mathematics
3 9 (24.32%) Derivative
4 7 (18.92%) Grid Computing
5 6 (16.22%) Foreign Exchange (FX)
6 5 (13.51%) Computer Science
7 4 (10.81%) Market Risk
8 3 (8.11%) Physics
8 3 (8.11%) Fixed Income
9 2 (5.41%) Interest Rate Derivative
9 2 (5.41%) Equity Derivative
9 2 (5.41%) Swaptions
9 2 (5.41%) Economics
10 1 (2.70%) Hybrid Derivative
10 1 (2.70%) Applied Mathematics
10 1 (2.70%) Client/Server
10 1 (2.70%) Energy Derivatives
10 1 (2.70%) Statistics
10 1 (2.70%) Equities
10 1 (2.70%) Credit Derivative
Operating Systems
1 7 (18.92%) Windows
2 5 (13.51%) Linux
3 1 (2.70%) Windows XP
3 1 (2.70%) Windows Server 2003
Processes & Methodologies
1 11 (29.73%) Analytics
2 6 (16.22%) Risk Management
3 4 (10.81%) User Acceptance Testing
4 3 (8.11%) Validation
4 3 (8.11%) OO
5 2 (5.41%) Workflow
5 2 (5.41%) OOP
5 2 (5.41%) Agile Software Development
5 2 (5.41%) TDD
5 2 (5.41%) Asset Management
5 2 (5.41%) Business Analysis
5 2 (5.41%) Statistical Analysis
5 2 (5.41%) Refactoring
5 2 (5.41%) Stress Testing
5 2 (5.41%) Greeks
5 2 (5.41%) Quantitative Risk Management
5 2 (5.41%) Probability Theory
5 2 (5.41%) Multithreading
5 2 (5.41%) Continuous Improvement
5 2 (5.41%) Risk Analytics
Programming Languages
1 23 (62.16%) C++
2 17 (45.95%) C#
3 10 (27.03%) Java
4 8 (21.62%) VBA
5 7 (18.92%) SQL
6 6 (16.22%) Python
7 5 (13.51%) Perl
8 2 (5.41%) R
9 1 (2.70%) C
9 1 (2.70%) MATLAB
9 1 (2.70%) PowerShell
9 1 (2.70%) Scala
Qualifications
1 6 (16.22%) PhD
2 2 (5.41%) MBA
3 1 (2.70%) Degree
Quality Assurance & Compliance
1 2 (5.41%) QA
1 2 (5.41%) Basel III
1 2 (5.41%) Dodd-Frank
2 1 (2.70%) Basel II
Vendors
1 2 (5.41%) DataSynapse
2 1 (2.70%) Microsoft
2 1 (2.70%) Murex
2 1 (2.70%) Calypso
2 1 (2.70%) TIBCO
2 1 (2.70%) Perforce
2 1 (2.70%) Sophis
City of London
Orgtel
Rate: £550 - £650 per day
Posted: Yesterday