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 8 February 2016 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
8 Feb 2016
Same period 2015 Same period 2014
Monte Carlo Method
Rank 386 389 387
Rank change year-on-year
+3 -2
Contract jobs citing Monte Carlo Method 22 29 26
As % of all contract IT jobs located in London 0.10% 0.14% 0.12%
As % of the Processes & Methodologies category 0.12% 0.17% 0.15%
Number of daily rates quoted 22 28 24
Average daily rate £638 £563 £600
Average daily rate % change year-on-year
+13.33% -6.25%
90% offered a daily rate of more than £500 £440 £508
10% offered a daily rate of more than £1,100 £718 £750
UK excluding London average daily rate - £1,000 -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - £40.00
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
17632 17050 17380
As % of all contract IT jobs located in London 83.28% 80.33% 80.44%
Number of daily rates quoted 12602 12214 11927
Average daily rate £475 £450 £438
Average daily rate % change year-on-year
+5.55% +2.85%
90% offered a daily rate of more than £325 £313 £300
10% offered a daily rate of more than £625 £600 £600
UK excluding London average daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 222 196 238
Average hourly rate £22.12 £21.50 £23.67
Average hourly rate % change year-on-year
+2.86% -9.16%
90% offered a hourly rate of more than £12.50 £12.50 £14.30
10% offered a hourly rate of more than £50.99 £48.50 £77.50
UK excluding London average hourly rate £40.00 £27.50 £27.50
% change year-on-year
+45.45% -

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 8 February 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 average contractor rates quoted in IT jobs citing Monte Carlo Method within the London region over the 3 months to 8 February 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
(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 +36 3 £550 +2.32% 2
Monte Carlo Method
England

Monte Carlo Method
Top 30 Related IT Skills in London

For the 6 months to 8 February 2016, 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 38 (69.09%) Finance
2 31 (56.36%) C++
3 29 (52.73%) Mathematics
4 25 (45.45%) Derivative
4 25 (45.45%) Market Risk
5 21 (38.18%) Front Office
6 20 (36.36%) C#
7 19 (34.55%) Risk Management
7 19 (34.55%) Credit Risk
7 19 (34.55%) Banking
8 17 (30.91%) Analytics
9 16 (29.09%) Agile Software Development
9 16 (29.09%) PhD
10 14 (25.45%) Foreign Exchange (FX)
10 14 (25.45%) SQL
10 14 (25.45%) Investment Banking
10 14 (25.45%) Degree
10 14 (25.45%) Analytical Skills
11 12 (21.82%) Physics
11 12 (21.82%) QA
11 12 (21.82%) Statistics
12 11 (20.00%) VBA
12 11 (20.00%) Validation
13 10 (18.18%) Risk Assessment
13 10 (18.18%) Credit Derivative
14 9 (16.36%) Java
15 8 (14.55%) .NET
15 8 (14.55%) Windows
15 8 (14.55%) WPF
16 7 (12.73%) Computer Science

Monte Carlo Method
Top Related IT Skills in London by Category

For the 6 months to 8 February 2016, 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 4 (7.27%) SAS
2 1 (1.82%) Confluence
Applications
1 4 (7.27%) MS Office
2 1 (1.82%) MS Excel
2 1 (1.82%) MS PowerPoint
Cloud Services
1 1 (1.82%) Amazon AWS
1 1 (1.82%) SaaS
Database & Business Intelligence
1 5 (9.09%) SQL Server
2 3 (5.45%) Data Warehouse
3 1 (1.82%) Oracle Database
3 1 (1.82%) RDBMS
3 1 (1.82%) Relational Database
3 1 (1.82%) SQL Server Integration Services
General
1 38 (69.09%) Finance
2 21 (38.18%) Front Office
3 19 (34.55%) Banking
4 14 (25.45%) Investment Banking
5 5 (9.09%) Retail
6 4 (7.27%) Games
6 4 (7.27%) Marketing
7 3 (5.45%) Financial Institution
8 1 (1.82%) Publishing
Job Titles
1 24 (43.64%) Developer
2 14 (25.45%) Analyst
3 9 (16.36%) C# Developer
3 9 (16.36%) Credit Risk Manager
3 9 (16.36%) Quantitative Developer
3 9 (16.36%) Risk Manager
4 8 (14.55%) Quantitative Risk Manager
4 8 (14.55%) Risk Analyst
5 7 (12.73%) Market Risk Developer
6 6 (10.91%) Business Analyst
6 6 (10.91%) Senior Developer
7 5 (9.09%) C# WPF Developer
7 5 (9.09%) C++ Developer
7 5 (9.09%) Qualitative Analyst
7 5 (9.09%) Quantitative Analyst
7 5 (9.09%) Senior C# Developer
7 5 (9.09%) Senior WPF Developer
7 5 (9.09%) WPF Developer
8 4 (7.27%) Credit Risk Analyst
8 4 (7.27%) Risk Business Analyst
Libraries, Frameworks & Software Standards
1 8 (14.55%) .NET
1 8 (14.55%) WPF
2 7 (12.73%) ASP.NET
3 4 (7.27%) WCF
4 1 (1.82%) .NET Framework
4 1 (1.82%) Akka
4 1 (1.82%) Boost C++ Libraries
4 1 (1.82%) COM
4 1 (1.82%) Entity Framework
4 1 (1.82%) Java Concurrency
4 1 (1.82%) Spring
4 1 (1.82%) STL
4 1 (1.82%) Web Services
Miscellaneous
1 29 (52.73%) Mathematics
2 25 (45.45%) Derivative
2 25 (45.45%) Market Risk
3 19 (34.55%) Credit Risk
4 14 (25.45%) Analytical Skills
4 14 (25.45%) Foreign Exchange (FX)
5 12 (21.82%) Physics
5 12 (21.82%) Statistics
6 10 (18.18%) Credit Derivative
7 7 (12.73%) Computer Science
7 7 (12.73%) Data Structures
8 6 (10.91%) Algorithms
9 5 (9.09%) Fixed Income
10 3 (5.45%) Economics
11 1 (1.82%) Equity Derivative
11 1 (1.82%) Grid Computing
11 1 (1.82%) Hedge funds
11 1 (1.82%) Pricing Data
Operating Systems
1 8 (14.55%) Windows
2 3 (5.45%) Linux
Processes & Methodologies
1 19 (34.55%) Risk Management
2 17 (30.91%) Analytics
3 16 (29.09%) Agile Software Development
4 11 (20.00%) Validation
5 10 (18.18%) Risk Assessment
6 7 (12.73%) Business Analysis
6 7 (12.73%) SDLC
6 7 (12.73%) Unit Testing
7 6 (10.91%) Numerical Analysis
7 6 (10.91%) Stochastic Calculus
8 5 (9.09%) OO
9 4 (7.27%) Business Intelligence
9 4 (7.27%) Competitive Intelligence
9 4 (7.27%) Online Marketing
9 4 (7.27%) Operations Research
9 4 (7.27%) Predictive Modelling
9 4 (7.27%) TDD
9 4 (7.27%) UML
9 4 (7.27%) Waterfall
9 4 (7.27%) Web Analytics
Programming Languages
1 31 (56.36%) C++
2 20 (36.36%) C#
3 14 (25.45%) SQL
4 11 (20.00%) VBA
5 9 (16.36%) Java
6 7 (12.73%) Python
7 2 (3.64%) Clojure
7 2 (3.64%) Haskell
7 2 (3.64%) MATLAB
7 2 (3.64%) Scala
8 1 (1.82%) C
8 1 (1.82%) R
Qualifications
1 16 (29.09%) PhD
2 14 (25.45%) Degree
3 1 (1.82%) ISEB
3 1 (1.82%) ISTQB
Quality Assurance & Compliance
1 12 (21.82%) QA
System Software
1 1 (1.82%) Platform Symphony
Vendors
1 4 (7.27%) Tableau
2 1 (1.82%) DataSynapse
2 1 (1.82%) Microsoft
2 1 (1.82%) Oracle
London
Quant Capital
Rate: £40,000 - £50,000 per year
Posted: 7 days ago