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 27 September 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
27 Sep 2016
Same period 2015 Same period 2014
Monte Carlo Method
Rank 432 405 438
Rank change year-on-year
-27 +33
Contract jobs citing Monte Carlo Method 9 30 11
As % of all contract IT jobs located in London 0.039% 0.13% 0.045%
As % of the Processes & Methodologies category 0.046% 0.16% 0.056%
Number of daily rates quoted 8 28 9
Median daily rate £521 £650 £600
Median daily rate % change year-on-year
-19.84% +8.33%
90% offered a daily rate of more than £470 £560 £465
10% offered a daily rate of more than £541 £805 £650
UK excluding London median daily rate - £450 £500
% change year-on-year
- -10.00%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - £42.50 -
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
19685 19203 19669
As % of all contract IT jobs located in London 85.98% 83.25% 81.23%
Number of daily rates quoted 14097 13781 13947
Median daily rate £475 £450 £450
Median daily rate % change year-on-year
+5.55% -
90% offered a daily rate of more than £325 £313 £300
10% offered a daily rate of more than £613 £625 £600
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 199 218 246
Median hourly rate £24.72 £22.00 £21.62
Median hourly rate % change year-on-year
+12.36% +1.75%
90% offered a hourly rate of more than £12.50 £13.17 £13.46
10% offered a hourly rate of more than £54.93 £52.05 £53.50
UK excluding London median hourly rate £32.50 £33.64 £26.25
% change year-on-year
-3.38% +28.15%

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
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 September 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 median contractor rates quoted in IT jobs citing Monte Carlo Method within the London region over the 3 months to 27 September 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
City of London +10 3 £538 -18.86% 2
Monte Carlo Method
England

Monte Carlo Method
Top 30 Related IT Skills in London

For the 6 months to 27 September 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 21 (65.63%) Finance
2 17 (53.13%) Risk Management
3 16 (50.00%) C#
4 15 (46.88%) SQL
4 15 (46.88%) Agile Software Development
5 11 (34.38%) Business Analysis
5 11 (34.38%) Python
6 10 (31.25%) SDLC
7 9 (28.13%) Analytical Skills
7 9 (28.13%) Market Risk
7 9 (28.13%) Fixed Income
7 9 (28.13%) Grid Computing
7 9 (28.13%) Foreign Exchange (FX)
7 9 (28.13%) C++
7 9 (28.13%) Banking
8 8 (25.00%) Degree
8 8 (25.00%) Java
8 8 (25.00%) Performance Optimisation
8 8 (25.00%) Quantitative Finance
9 7 (21.88%) Analytics
9 7 (21.88%) Risk Analytics
9 7 (21.88%) Derivative
9 7 (21.88%) QA
9 7 (21.88%) Credit Risk
9 7 (21.88%) Data Analysis
10 6 (18.75%) .NET
11 5 (15.63%) VBA
11 5 (15.63%) Mathematics
11 5 (15.63%) Credit Derivative
12 4 (12.50%) SQL Server Integration Services

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:

Application Platforms
1 1 (3.13%) Oracle Coherence
Applications
1 1 (3.13%) MS Office
Database & Business Intelligence
1 4 (12.50%) Power BI
1 4 (12.50%) SQL Server
1 4 (12.50%) SQL Server Integration Services
1 4 (12.50%) SQL Server Reporting Services
2 3 (9.38%) Hadoop
General
1 21 (65.63%) Finance
2 9 (28.13%) Banking
3 4 (12.50%) Investment Banking
4 3 (9.38%) Retail
5 2 (6.25%) Front Office
Job Titles
1 18 (56.25%) Analyst
2 16 (50.00%) Risk Analyst
3 10 (31.25%) Business Analyst
3 10 (31.25%) Risk Business Analyst
4 8 (25.00%) Qualitative Analyst
4 8 (25.00%) Quantitative Analyst
5 7 (21.88%) Credit Analyst
5 7 (21.88%) Credit Risk Analyst
5 7 (21.88%) Credit Risk Business Analyst
6 6 (18.75%) Developer
6 6 (18.75%) Quantitative Risk Analyst
7 4 (12.50%) C# Developer
8 3 (9.38%) Data Scientist
8 3 (9.38%) Market Risk Analyst
8 3 (9.38%) Market Risk Business Analyst
9 2 (6.25%) C# .NET Developer
9 2 (6.25%) C# Quant Developer
9 2 (6.25%) Market Risk Developer
9 2 (6.25%) Quantitative Developer
9 2 (6.25%) Senior C# .NET Developer
Libraries, Frameworks & Software Standards
1 6 (18.75%) .NET
2 4 (12.50%) ASP.NET
3 3 (9.38%) WPF
Miscellaneous
1 9 (28.13%) Analytical Skills
1 9 (28.13%) Fixed Income
1 9 (28.13%) Foreign Exchange (FX)
1 9 (28.13%) Grid Computing
1 9 (28.13%) Market Risk
2 7 (21.88%) Credit Risk
2 7 (21.88%) Derivative
3 5 (15.63%) Credit Derivative
3 5 (15.63%) Mathematics
4 4 (12.50%) Economics
5 3 (9.38%) Algorithms
5 3 (9.38%) Data Structures
5 3 (9.38%) Statistics
6 1 (3.13%) Equities
Operating Systems
1 1 (3.13%) Windows
Processes & Methodologies
1 17 (53.13%) Risk Management
2 15 (46.88%) Agile Software Development
3 11 (34.38%) Business Analysis
4 10 (31.25%) SDLC
5 8 (25.00%) Performance Optimisation
5 8 (25.00%) Quantitative Finance
6 7 (21.88%) Analytics
6 7 (21.88%) Data Analysis
6 7 (21.88%) Risk Analytics
7 4 (12.50%) Business Intelligence
8 3 (9.38%) Numerical Analysis
8 3 (9.38%) Stakeholder Management
8 3 (9.38%) Statistical Modelling
8 3 (9.38%) UML
8 3 (9.38%) Waterfall
9 1 (3.13%) Dependency Injection
9 1 (3.13%) Greeks
9 1 (3.13%) Risk Analysis
9 1 (3.13%) Unit Testing
9 1 (3.13%) Use Case
Programming Languages
1 16 (50.00%) C#
2 15 (46.88%) SQL
3 11 (34.38%) Python
4 9 (28.13%) C++
5 8 (25.00%) Java
6 5 (15.63%) VBA
7 1 (3.13%) F#
7 1 (3.13%) VB.NET
Qualifications
1 8 (25.00%) Degree
2 3 (9.38%) PhD
3 2 (6.25%) CFA
Quality Assurance & Compliance
1 7 (21.88%) QA
Vendors
1 3 (9.38%) Cloudera
2 1 (3.13%) Oracle
City, London
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