The first table below looks at the demand 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 31 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Processes & Methodologies category for the London region.

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
31 Jul 2014
Same period 2013 Same period 2012
Monte Carlo Method
Rank 388 366 350
Rank change year-on-year
-22 -16
Contract jobs citing Monte Carlo Method 11 52 57
As % of all contract IT jobs located in London 0.047% 0.21% 0.22%
As % of the Processes & Methodologies category 0.061% 0.28% 0.29%
Number of daily rates quoted 9 36 43
Average daily rate
Keep up to 90%
of your Daily Rate
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£600 £550 £550
Average daily rate % change year-on-year
+9.09% -
UK excluding London average daily rate £500 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Processes & Methodologies Category
London
Contract IT job ads with a match in the
Processes & Methodologies category
18040 18538 19441
As % of all contract IT jobs located in London 76.72% 76.41% 73.98%
Number of daily rates quoted 12586 12861 12944
Average daily rate £442 £450 £443
Average daily rate % change year-on-year
-1.77% +1.69%
90% offered a daily rate of more than £300 £300 £293
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £375 £375 £363
% change year-on-year
- +3.44%
Number of hourly rates quoted 223 252 381
Average hourly rate £20.50 £27.50 £30.00
Average hourly rate % change year-on-year
-25.45% -8.33%
90% offered a hourly rate of more than £14.00 £15.00 £15.00
10% offered a hourly rate of more than £53.50 £51.30 £48.00
UK excluding London average hourly rate £26.00 £31.00 £31.00
% change year-on-year
-16.12% -
Monte Carlo Method
England

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 31 July 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 31 July 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 +22 5 £675 +22.72% 5
Canary Wharf - - - -
Monte Carlo Method
England

Monte Carlo Method
Top 30 Related IT Skills in London

For the 6 months to 31 July 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 28 (59.57%) C++
2 22 (46.81%) Banking
3 19 (40.43%) Credit Risk
4 18 (38.30%) Finance
5 15 (31.91%) Front Office
5 15 (31.91%) C#
5 15 (31.91%) Investment Banking
6 14 (29.79%) Derivative
7 12 (25.53%) Risk Management
7 12 (25.53%) Analytics
8 11 (23.40%) VBA
8 11 (23.40%) Mathematics
9 10 (21.28%) Java
9 10 (21.28%) Foreign Exchange (FX)
9 10 (21.28%) Grid Computing
10 8 (17.02%) SQL
10 8 (17.02%) Windows
11 7 (14.89%) PhD
11 7 (14.89%) Python
11 7 (14.89%) .NET
11 7 (14.89%) Equities
11 7 (14.89%) Fixed Income
11 7 (14.89%) Market Risk
11 7 (14.89%) Stress Testing
12 6 (12.77%) Computer Science
12 6 (12.77%) Perl
12 6 (12.77%) STL
12 6 (12.77%) User Acceptance Testing
13 5 (10.64%) Linux
13 5 (10.64%) Agile Software Development

Monte Carlo Method
Top Related IT Skills in London by Category

For the 6 months to 31 July 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 (4.26%) Oracle Coherence
Applications
1 3 (6.38%) MS Office
2 2 (4.26%) MS Excel
Business Applications
1 1 (2.13%) Summit
Database & Business Intelligence
1 4 (8.51%) SQL Server
2 2 (4.26%) SQL Server 2008
3 1 (2.13%) Big Data
3 1 (2.13%) Hazelcast
3 1 (2.13%) Data Warehouse
3 1 (2.13%) SQL Server 2005
3 1 (2.13%) SQL Server Integration Services
Development Applications
1 1 (2.13%) JUnit
1 1 (2.13%) Subversion
1 1 (2.13%) Maven
1 1 (2.13%) Team Foundation Server
1 1 (2.13%) SpecFlow
1 1 (2.13%) Gradle
General
1 22 (46.81%) Banking
2 18 (38.30%) Finance
3 15 (31.91%) Front Office
3 15 (31.91%) Investment Banking
Job Titles
1 27 (57.45%) Developer
2 18 (38.30%) Quantitative Developer
3 15 (31.91%) Analyst
4 11 (23.40%) C++ Developer
5 10 (21.28%) Business Analyst
6 8 (17.02%) C++ Quantitative Developer
7 5 (10.64%) Credit Risk Analyst
7 5 (10.64%) Senior Analyst
7 5 (10.64%) Quantitative Analyst
7 5 (10.64%) Credit Risk Business Analyst
8 4 (8.51%) Risk Analyst
9 3 (6.38%) IT Business Analyst
9 3 (6.38%) C# Developer
9 3 (6.38%) Agile Business Analyst
9 3 (6.38%) Senior Quantitative Analyst
10 2 (4.26%) Market Risk Business Analyst
10 2 (4.26%) Investment Banking Business Analyst
10 2 (4.26%) Banking Business Analyst
10 2 (4.26%) Senior Business Analyst
10 2 (4.26%) Market Risk Analyst
Libraries, Frameworks & Software Standards
1 7 (14.89%) .NET
2 6 (12.77%) STL
3 3 (6.38%) WPF
4 2 (4.26%) WCF
4 2 (4.26%) Boost C++ Libraries
4 2 (4.26%) ADO.NET Entity Framework
4 2 (4.26%) .NET Framework
5 1 (2.13%) Microsoft Enterprise Library
5 1 (2.13%) ASP.NET
5 1 (2.13%) Web Services
5 1 (2.13%) XML
5 1 (2.13%) XSLT
5 1 (2.13%) Spring
5 1 (2.13%) Restlet
5 1 (2.13%) HTML5
5 1 (2.13%) HTML
5 1 (2.13%) jQuery
Miscellaneous
1 19 (40.43%) Credit Risk
2 14 (29.79%) Derivative
3 11 (23.40%) Mathematics
4 10 (21.28%) Foreign Exchange (FX)
4 10 (21.28%) Grid Computing
5 7 (14.89%) Equities
5 7 (14.89%) Fixed Income
5 7 (14.89%) Market Risk
6 6 (12.77%) Computer Science
7 3 (6.38%) CUDA
7 3 (6.38%) Physics
8 2 (4.26%) Swaptions
8 2 (4.26%) Interest Rate Derivative
8 2 (4.26%) Equity Derivative
8 2 (4.26%) Economics
9 1 (2.13%) Hybrid Derivative
9 1 (2.13%) Credit Derivative
9 1 (2.13%) Client/Server
9 1 (2.13%) Management Information System
9 1 (2.13%) Energy Derivatives
Operating Systems
1 8 (17.02%) Windows
2 5 (10.64%) Linux
3 1 (2.13%) Windows XP
3 1 (2.13%) Windows Server 2003
Processes & Methodologies
1 12 (25.53%) Risk Management
1 12 (25.53%) Analytics
2 7 (14.89%) Stress Testing
3 6 (12.77%) User Acceptance Testing
4 5 (10.64%) Agile Software Development
5 4 (8.51%) Validation
5 4 (8.51%) OOA/OOD
6 2 (4.26%) OO
6 2 (4.26%) Workflow
6 2 (4.26%) Project Management
6 2 (4.26%) Scrum
6 2 (4.26%) TDD
6 2 (4.26%) Asset Management
6 2 (4.26%) Continuous Improvement
6 2 (4.26%) Greeks
6 2 (4.26%) Business Analysis
6 2 (4.26%) Statistical Analysis
6 2 (4.26%) Refactoring
6 2 (4.26%) Multithreading
6 2 (4.26%) Risk Analytics
Programming Languages
1 28 (59.57%) C++
2 15 (31.91%) C#
3 11 (23.40%) VBA
4 10 (21.28%) Java
5 8 (17.02%) SQL
6 7 (14.89%) Python
7 6 (12.77%) Perl
8 2 (4.26%) C
8 2 (4.26%) Scala
8 2 (4.26%) R
9 1 (2.13%) MATLAB
9 1 (2.13%) PowerShell
Qualifications
1 7 (14.89%) PhD
2 2 (4.26%) MBA
3 1 (2.13%) Degree
Quality Assurance & Compliance
1 2 (4.26%) QA
1 2 (4.26%) Basel III
1 2 (4.26%) Dodd-Frank
2 1 (2.13%) Basel II
Vendors
1 2 (4.26%) Microsoft
1 2 (4.26%) DataSynapse
2 1 (2.13%) Murex
2 1 (2.13%) Calypso
2 1 (2.13%) TIBCO
2 1 (2.13%) Perforce
2 1 (2.13%) Sophis
City, London
Aston Carter
Rate: £600 - £800 per annum
Posted: Yesterday
City, London
Aston Carter
Rate: £600 - £800 per day
Posted: Yesterday
London
Aston Carter
Rate: £650 - £750 per annum
Posted: Yesterday