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 3 July 2015 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
3 Jul 2015
Same period 2014 Same period 2013
Monte Carlo Method
Rank 409 392 351
Rank change year-on-year
-17 -41
Contract jobs citing Monte Carlo Method 15 20 63
As % of all contract IT jobs located in London 0.064% 0.087% 0.27%
As % of the Processes & Methodologies category 0.082% 0.11% 0.34%
Number of daily rates quoted 10 18 47
Average daily rate
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£613 £700 £550
Average daily rate % change year-on-year
-12.50% +27.27%
90% offered a daily rate of more than £544 £566 £438
10% offered a daily rate of more than £700 £758 £630
UK excluding London average daily rate - £375 -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £40.00 £35.00 -
% change year-on-year
+14.28% -
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
18365 18102 18348
As % of all contract IT jobs located in London 78.72% 78.99% 78.44%
Number of daily rates quoted 13067 12777 12671
Average daily rate £450 £440 £450
Average daily rate % change year-on-year
+2.27% -2.22%
90% offered a daily rate of more than £313 £300 £300
10% offered a daily rate of more than £625 £600 £600
UK excluding London average daily rate £388 £375 £370
% change year-on-year
+3.33% +1.35%
Number of hourly rates quoted 223 226 280
Average hourly rate £22.00 £20.00 £27.97
Average hourly rate % change year-on-year
+10.00% -28.49%
90% offered a hourly rate of more than £11.00 £14.00 £15.00
10% offered a hourly rate of more than £55.00 £53.00 £55.00
UK excluding London average hourly rate £30.00 £28.50 £30.50
% change year-on-year
+5.26% -6.55%

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 3 July 2015.

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 3 July 2015. 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 -2 9 £625 -7.40% 2
Monte Carlo Method
England

Monte Carlo Method
Top 30 Related IT Skills in London

For the 6 months to 3 July 2015, 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 29 (76.32%) Credit Risk
2 22 (57.89%) Finance
3 16 (42.11%) Banking
4 13 (34.21%) Market Risk
4 13 (34.21%) Investment Banking
5 12 (31.58%) Agile Software Development
5 12 (31.58%) C++
6 11 (28.95%) Risk Management
7 10 (26.32%) SQL
7 10 (26.32%) Analytical Skills
8 8 (21.05%) Mathematics
8 8 (21.05%) Regression Testing
9 7 (18.42%) Java
9 7 (18.42%) C#
9 7 (18.42%) OO
9 7 (18.42%) Analytics
10 5 (13.16%) Multithreading
10 5 (13.16%) Low Latency
10 5 (13.16%) Business Analysis
10 5 (13.16%) C
10 5 (13.16%) Asset Management
10 5 (13.16%) Front Office
11 4 (10.53%) Subversion
11 4 (10.53%) Validation
11 4 (10.53%) Windows
11 4 (10.53%) Foreign Exchange (FX)
11 4 (10.53%) Python
11 4 (10.53%) Stress Testing
11 4 (10.53%) Test Scripting
11 4 (10.53%) Physics

Monte Carlo Method
Top Related IT Skills in London by Category

For the 6 months to 3 July 2015, 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 1 (2.63%) Oracle Coherence
Applications
1 2 (5.26%) MS Excel
1 2 (5.26%) Open Workbench
Business Applications
1 1 (2.63%) Adaptiv
Communications & Networking
1 1 (2.63%) TCP/IP
1 1 (2.63%) AMQP
Database & Business Intelligence
1 1 (2.63%) MS Access
1 1 (2.63%) Data Warehouse
1 1 (2.63%) SQL Server Integration Services
1 1 (2.63%) Hadoop
1 1 (2.63%) Big Data
1 1 (2.63%) Hazelcast
Development Applications
1 4 (10.53%) Subversion
2 1 (2.63%) Maven
2 1 (2.63%) Apache Ivy
2 1 (2.63%) JUnit
General
1 22 (57.89%) Finance
2 16 (42.11%) Banking
3 13 (34.21%) Investment Banking
4 5 (13.16%) Front Office
5 1 (2.63%) Legal
5 1 (2.63%) Games
Job Titles
1 16 (42.11%) Developer
2 14 (36.84%) Analyst
3 8 (21.05%) Business Analyst
4 7 (18.42%) Project Manager
4 7 (18.42%) Quantitative Developer
5 5 (13.16%) Risk Manager
5 5 (13.16%) Banking Business Analyst
5 5 (13.16%) Credit Risk Project Manager
5 5 (13.16%) Credit Risk Analyst
6 3 (7.89%) Credit Risk Developer
6 3 (7.89%) Risk Analyst
6 3 (7.89%) Credit Analyst
6 3 (7.89%) Quantitative Analyst
6 3 (7.89%) Credit Risk Business Analyst
6 3 (7.89%) Test Analyst
6 3 (7.89%) Senior Developer
7 2 (5.26%) Market Risk Analyst
7 2 (5.26%) Senior Analyst
7 2 (5.26%) Java Developer
7 2 (5.26%) C++ Developer
Libraries, Frameworks & Software Standards
1 4 (10.53%) WPF
2 2 (5.26%) .NET
3 1 (2.63%) ASP.NET
3 1 (2.63%) COM
3 1 (2.63%) STL
3 1 (2.63%) .NET Framework
3 1 (2.63%) Microsoft Enterprise Library
3 1 (2.63%) Boost C++ Libraries
3 1 (2.63%) Entity Framework
Miscellaneous
1 29 (76.32%) Credit Risk
2 13 (34.21%) Market Risk
3 10 (26.32%) Analytical Skills
4 8 (21.05%) Mathematics
5 4 (10.53%) Physics
5 4 (10.53%) Computer Science
5 4 (10.53%) Foreign Exchange (FX)
6 3 (7.89%) Fixed Income
6 3 (7.89%) Derivative
6 3 (7.89%) Statistics
6 3 (7.89%) Algorithms
7 2 (5.26%) Equity Derivative
7 2 (5.26%) Grid Computing
7 2 (5.26%) Equities
8 1 (2.63%) Neural Network
8 1 (2.63%) Data Structures
Operating Systems
1 4 (10.53%) Windows
2 1 (2.63%) Linux
2 1 (2.63%) UNIX
Processes & Methodologies
1 12 (31.58%) Agile Software Development
2 11 (28.95%) Risk Management
3 8 (21.05%) Regression Testing
4 7 (18.42%) OO
4 7 (18.42%) Analytics
5 5 (13.16%) Low Latency
5 5 (13.16%) Asset Management
5 5 (13.16%) Business Analysis
5 5 (13.16%) Multithreading
6 4 (10.53%) Greeks
6 4 (10.53%) Test Automation
6 4 (10.53%) Stress Testing
6 4 (10.53%) Test Scripting
6 4 (10.53%) Validation
6 4 (10.53%) SDLC
6 4 (10.53%) DevOps
7 2 (5.26%) Scrum
7 2 (5.26%) TDD
7 2 (5.26%) Project Management
7 2 (5.26%) Quantitative Analysis
Programming Languages
1 12 (31.58%) C++
2 10 (26.32%) SQL
3 7 (18.42%) Java
3 7 (18.42%) C#
4 5 (13.16%) C
5 4 (10.53%) Python
6 3 (7.89%) R
7 2 (5.26%) MATLAB
7 2 (5.26%) VBA
8 1 (2.63%) Scala
8 1 (2.63%) Perl
Qualifications
1 3 (7.89%) PhD
1 3 (7.89%) Degree
2 1 (2.63%) ISTQB Foundation Certification
2 1 (2.63%) ISTQB
Quality Assurance & Compliance
1 2 (5.26%) Basel III
2 1 (2.63%) CRD IV
Systems Management
1 1 (2.63%) HP Quality Center
Vendors
1 2 (5.26%) Microsoft
1 2 (5.26%) Murex
1 2 (5.26%) Calypso
1 2 (5.26%) Sophis
2 1 (2.63%) Oracle
London
Eames Consulting
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