The table below looks at the statistics for Monte Carlo Method skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Monte Carlo Method over the 3 months to 3 May 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
3 May 2016
Same period 2015 Same period 2014
Monte Carlo Method
Rank 625 613 593
Rank change year-on-year
-12 -20
Contract jobs citing Monte Carlo Method 22 27 37
As % of all contract IT jobs located in the UK 0.040% 0.048% 0.067%
As % of the Processes & Methodologies category 0.048% 0.061% 0.086%
Number of daily rates quoted 18 18 33
Median daily rate £688 £625 £675
Median daily rate % change year-on-year
+10.00% -7.40%
90% offered a daily rate of more than £500 £429 £505
10% offered a daily rate of more than £1,100 £708 £800
UK excluding London median daily rate £500 £320 -
% change year-on-year
+56.25% -
Number of hourly rates quoted 0 0 1
Median hourly rate - - £35.00
UK excluding London median hourly rate - - £35.00

The following table is for comparison with the above and provides statistics for the entire Processes & Methodologies category in contract jobs advertised across the UK.

Processes & Methodologies Category
UK
Contract IT job ads with a match in the
Processes & Methodologies category
45374 44011 42946
As % of all contract IT jobs located in the UK 81.60% 78.86% 77.52%
Number of daily rates quoted 29986 27420 26807
Median daily rate £438 £413 £400
Median daily rate % change year-on-year
+6.06% +3.12%
90% offered a daily rate of more than £300 £280 £275
10% offered a daily rate of more than £600 £575 £550
UK excluding London median daily rate £400 £388 £375
% change year-on-year
+3.22% +3.33%
Number of hourly rates quoted 1055 1279 1235
Median hourly rate £35.00 £29.82 £30.00
Median hourly rate % change year-on-year
+17.37% -0.60%
90% offered a hourly rate of more than £12.75 £12.35 £12.50
10% offered a hourly rate of more than £49.50 £47.83 £50.00
UK excluding London median hourly rate £36.00 £31.00 £31.50
% change year-on-year
+16.12% -1.58%

Monte Carlo Method
Jobs Demand Trend

The demand trend of contract jobs 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 the UK

Monte Carlo Method
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Monte Carlo Method within the UK.

Monte Carlo Method Daily Rate Trend in the UK

Monte Carlo Method
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Monte Carlo Method within the UK over the 3 months to 3 May 2016.

Monte Carlo Method Daily Rate Histogram in the UK

Monte Carlo Method
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Monte Carlo Method within the UK.

Monte Carlo Method Hourly Rate Trend in the UK

Monte Carlo Method
Top 8 Contract Locations

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 UK over the 3 months to 3 May 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
England -26 22 £688 +10.00% 6
London -24 20 £700 +10.67% 1
City of London +24 1 £575 -6.12% 1
South East -8 1 - - 1
South West - 1 £500 -
Basingstoke - 1 - -
Hampshire - 1 - - 1
Romford - 1 - -

Monte Carlo Method
Top 30 Related IT Skills

For the 6 months to 3 May 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 with a requirement for Monte Carlo Method.

1 29 (64.44%) Finance
2 24 (53.33%) C#
2 24 (53.33%) C++
3 23 (51.11%) Risk Management
3 23 (51.11%) Mathematics
4 21 (46.67%) Front Office
5 20 (44.44%) Market Risk
5 20 (44.44%) Credit Risk
6 19 (42.22%) QA
7 18 (40.00%) Derivative
8 15 (33.33%) Validation
8 15 (33.33%) PhD
8 15 (33.33%) Foreign Exchange (FX)
9 14 (31.11%) SQL
9 14 (31.11%) Risk Assessment
9 14 (31.11%) Credit Derivative
10 12 (26.67%) Agile Software Development
11 11 (24.44%) Banking
11 11 (24.44%) Analytical Skills
12 10 (22.22%) Degree
12 10 (22.22%) Java
13 8 (17.78%) Python
13 8 (17.78%) Investment Banking
13 8 (17.78%) Analytics
14 7 (15.56%) Business Analysis
14 7 (15.56%) VBA
15 6 (13.33%) .NET
15 6 (13.33%) SDLC
16 5 (11.11%) Algorithms
16 5 (11.11%) Risk Analytics

Monte Carlo Method
Top Related IT Skills 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 3 (6.67%) SAS
2 1 (2.22%) ArcGIS
2 1 (2.22%) SharePoint
Applications
1 4 (8.89%) MS Office
2 3 (6.67%) MS Excel
3 1 (2.22%) MS PowerPoint
3 1 (2.22%) MS Visio
3 1 (2.22%) SPSS
Database & Business Intelligence
1 4 (8.89%) SQL Server
2 3 (6.67%) Data Warehouse
3 1 (2.22%) Big Data
3 1 (2.22%) Oracle Database
3 1 (2.22%) RDBMS
3 1 (2.22%) Relational Database
Development Applications
1 1 (2.22%) FitNesse
1 1 (2.22%) SpecFlow
General
1 29 (64.44%) Finance
2 21 (46.67%) Front Office
3 11 (24.44%) Banking
4 8 (17.78%) Investment Banking
5 4 (8.89%) Marketing
5 4 (8.89%) Retail
6 3 (6.67%) Games
Job Titles
1 13 (28.89%) Credit Risk Manager
1 13 (28.89%) Quantitative Risk Manager
1 13 (28.89%) Risk Manager
2 12 (26.67%) Analyst
3 11 (24.44%) Developer
4 8 (17.78%) Risk Analyst
5 6 (13.33%) Credit Analyst
5 6 (13.33%) Credit Risk Analyst
6 5 (11.11%) C# Developer
7 4 (8.89%) Business Analyst
7 4 (8.89%) Data Analyst
7 4 (8.89%) Market Risk Developer
7 4 (8.89%) Risk Business Analyst
8 3 (6.67%) Analytics Manager
8 3 (6.67%) C# WPF Developer
8 3 (6.67%) Java Developer
8 3 (6.67%) Qualitative Analyst
8 3 (6.67%) Senior Developer
8 3 (6.67%) Senior WPF Developer
8 3 (6.67%) WPF Developer
Libraries, Frameworks & Software Standards
1 6 (13.33%) .NET
2 5 (11.11%) ASP.NET
2 5 (11.11%) WPF
3 2 (4.44%) WCF
4 1 (2.22%) Boost C++ Libraries
4 1 (2.22%) COM
4 1 (2.22%) STL
Miscellaneous
1 23 (51.11%) Mathematics
2 20 (44.44%) Credit Risk
2 20 (44.44%) Market Risk
3 18 (40.00%) Derivative
4 15 (33.33%) Foreign Exchange (FX)
5 14 (31.11%) Credit Derivative
6 11 (24.44%) Analytical Skills
7 5 (11.11%) Algorithms
7 5 (11.11%) Statistics
8 3 (6.67%) Computer Science
8 3 (6.67%) Economics
9 2 (4.44%) Equities
10 1 (2.22%) Data Structures
10 1 (2.22%) Equity Derivative
10 1 (2.22%) Fixed Income
10 1 (2.22%) Hedge funds
10 1 (2.22%) Physics
10 1 (2.22%) Social Network
10 1 (2.22%) Visualisation
Operating Systems
1 3 (6.67%) Windows
2 1 (2.22%) Unix
Processes & Methodologies
1 23 (51.11%) Risk Management
2 15 (33.33%) Validation
3 14 (31.11%) Risk Assessment
4 12 (26.67%) Agile Software Development
5 8 (17.78%) Analytics
6 7 (15.56%) Business Analysis
7 6 (13.33%) SDLC
8 5 (11.11%) Data Analysis
8 5 (11.11%) Operations Research
8 5 (11.11%) Risk Analytics
9 4 (8.89%) Dashboard Development
9 4 (8.89%) Regression Testing
9 4 (8.89%) Unit Testing
10 3 (6.67%) Business Intelligence
10 3 (6.67%) Data Entry
10 3 (6.67%) Dependency Injection
10 3 (6.67%) Game Theory
10 3 (6.67%) Migration
10 3 (6.67%) Online Marketing
10 3 (6.67%) Predictive Modelling
Programming Languages
1 24 (53.33%) C#
1 24 (53.33%) C++
2 14 (31.11%) SQL
3 10 (22.22%) Java
4 8 (17.78%) Python
5 7 (15.56%) VBA
6 3 (6.67%) MATLAB
7 2 (4.44%) R
8 1 (2.22%) C
8 1 (2.22%) Haskell
8 1 (2.22%) Lua
8 1 (2.22%) Scala
8 1 (2.22%) VB
8 1 (2.22%) VC++
Qualifications
1 15 (33.33%) PhD
2 10 (22.22%) Degree
3 2 (4.44%) CFA
4 1 (2.22%) Security Cleared
Quality Assurance & Compliance
1 19 (42.22%) QA
Vendors
1 3 (6.67%) Tableau
2 1 (2.22%) ESRI
2 1 (2.22%) Microsoft
2 1 (2.22%) Oracle
2 1 (2.22%) SIMUL8