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 30 June 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
30 Jun 2016
Same period 2015 Same period 2014
Monte Carlo Method
Rank 400 419 402
Rank change year-on-year
+19 -17
Contract jobs citing Monte Carlo Method 22 16 20
As % of all contract IT jobs located in London 0.10% 0.068% 0.086%
As % of the Processes & Methodologies category 0.12% 0.084% 0.11%
Number of daily rates quoted 12 11 19
Median daily rate £650 £625 £700
Median daily rate % change year-on-year
+4.00% -10.71%
90% offered a daily rate of more than £601 £550 £578
10% offered a daily rate of more than £698 £700 £755
UK excluding London median daily rate £500 £320 £375
% change year-on-year
+56.25% -14.66%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
18244 19010 18944
As % of all contract IT jobs located in London 84.52% 81.18% 81.41%
Number of daily rates quoted 13325 13507 13410
Median daily rate £475 £450 £438
Median daily rate % change year-on-year
+5.55% +2.85%
90% offered a daily rate of more than £325 £310 £300
10% offered a daily rate of more than £625 £625 £600
UK excluding London median daily rate £400 £383 £375
% change year-on-year
+4.57% +2.00%
Number of hourly rates quoted 145 244 233
Median hourly rate £21.64 £22.00 £20.00
Median hourly rate % change year-on-year
-1.63% +10.00%
90% offered a hourly rate of more than £12.50 £11.00 £13.00
10% offered a hourly rate of more than £45.33 £55.50 £53.50
UK excluding London median hourly rate £28.50 £30.00 £30.00
% change year-on-year
-5.00% -

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 30 June 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
Romford - 2 - -
City of London +45 1 £610 -2.40% 2
Monte Carlo Method
England

Monte Carlo Method
Top 30 Related IT Skills in London

For the 6 months to 30 June 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 34 (77.27%) Finance
2 31 (70.45%) Risk Management
3 25 (56.82%) C#
4 22 (50.00%) C++
5 21 (47.73%) Foreign Exchange (FX)
6 20 (45.45%) Derivative
6 20 (45.45%) Quantitative Finance
7 18 (40.91%) QA
7 18 (40.91%) Mathematics
7 18 (40.91%) Credit Risk
8 17 (38.64%) Front Office
9 16 (36.36%) Credit Derivative
10 15 (34.09%) Market Risk
11 14 (31.82%) PhD
11 14 (31.82%) SQL
12 12 (27.27%) Agile Software Development
13 11 (25.00%) Risk Assessment
13 11 (25.00%) Business Analysis
13 11 (25.00%) Java
13 11 (25.00%) Validation
13 11 (25.00%) Analytical Skills
14 10 (22.73%) SDLC
14 10 (22.73%) Fixed Income
15 9 (20.45%) Grid Computing
15 9 (20.45%) Python
16 8 (18.18%) Performance Optimisation
16 8 (18.18%) Banking
16 8 (18.18%) Degree
16 8 (18.18%) VBA
17 7 (15.91%) Data Analysis

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 (4.55%) MS Excel
2 1 (2.27%) MS Office
Database & Business Intelligence
1 1 (2.27%) Oracle Database
1 1 (2.27%) RDBMS
1 1 (2.27%) Relational Database
Development Applications
1 1 (2.27%) FitNesse
1 1 (2.27%) SpecFlow
General
1 34 (77.27%) Finance
2 17 (38.64%) Front Office
3 8 (18.18%) Banking
4 7 (15.91%) Investment Banking
5 1 (2.27%) Marketing
5 1 (2.27%) Retail
Job Titles
1 20 (45.45%) Analyst
2 17 (38.64%) Risk Analyst
3 11 (25.00%) Credit Risk Manager
3 11 (25.00%) Quantitative Risk Manager
3 11 (25.00%) Risk Manager
4 10 (22.73%) Business Analyst
4 10 (22.73%) Risk Business Analyst
5 9 (20.45%) Qualitative Analyst
5 9 (20.45%) Quantitative Analyst
6 7 (15.91%) Credit Analyst
6 7 (15.91%) Credit Risk Analyst
6 7 (15.91%) Credit Risk Business Analyst
6 7 (15.91%) Developer
7 6 (13.64%) Quantitative Risk Analyst
8 4 (9.09%) Quantitative Developer
9 3 (6.82%) Java Developer
9 3 (6.82%) Market Risk Analyst
9 3 (6.82%) Market Risk Business Analyst
10 2 (4.55%) Project Manager
11 1 (2.27%) Software Developer
Libraries, Frameworks & Software Standards
1 1 (2.27%) .NET
1 1 (2.27%) Boost C++ Libraries
1 1 (2.27%) COM
1 1 (2.27%) STL
Miscellaneous
1 21 (47.73%) Foreign Exchange (FX)
2 20 (45.45%) Derivative
3 18 (40.91%) Credit Risk
3 18 (40.91%) Mathematics
4 16 (36.36%) Credit Derivative
5 15 (34.09%) Market Risk
6 11 (25.00%) Analytical Skills
7 10 (22.73%) Fixed Income
8 9 (20.45%) Grid Computing
9 5 (11.36%) Economics
10 3 (6.82%) Algorithms
10 3 (6.82%) Data Structures
10 3 (6.82%) Statistics
11 2 (4.55%) Computer Science
11 2 (4.55%) Equities
Processes & Methodologies
1 31 (70.45%) Risk Management
2 20 (45.45%) Quantitative Finance
3 12 (27.27%) Agile Software Development
4 11 (25.00%) Business Analysis
4 11 (25.00%) Risk Assessment
4 11 (25.00%) Validation
5 10 (22.73%) SDLC
6 8 (18.18%) Performance Optimisation
7 7 (15.91%) Analytics
7 7 (15.91%) Data Analysis
7 7 (15.91%) Risk Analytics
8 3 (6.82%) Numerical Analysis
8 3 (6.82%) UML
8 3 (6.82%) Waterfall
9 1 (2.27%) Continuous Integration
9 1 (2.27%) Greeks
9 1 (2.27%) Multithreading
9 1 (2.27%) Test Automation
9 1 (2.27%) Test Scripting
9 1 (2.27%) Use Case
Programming Languages
1 25 (56.82%) C#
2 22 (50.00%) C++
3 14 (31.82%) SQL
4 11 (25.00%) Java
5 9 (20.45%) Python
6 8 (18.18%) VBA
7 1 (2.27%) Haskell
7 1 (2.27%) MATLAB
7 1 (2.27%) Scala
7 1 (2.27%) VB
7 1 (2.27%) VC++
Qualifications
1 14 (31.82%) PhD
2 8 (18.18%) Degree
3 2 (4.55%) CFA
Quality Assurance & Compliance
1 18 (40.91%) QA
Vendors
1 1 (2.27%) Microsoft
1 1 (2.27%) Oracle