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 average contractor rates offered in IT contracts that have cited Monte Carlo Method over the 3 months to 2 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
2 Jul 2015
Same period 2014 Same period 2013
Monte Carlo Method
Rank 582 562 509
Rank change year-on-year
-20 -53
Contract jobs citing Monte Carlo Method 21 24 67
As % of all contract IT jobs located in the UK 0.038% 0.045% 0.14%
As % of the Processes & Methodologies category 0.049% 0.059% 0.18%
Number of daily rates quoted 11 20 50
Average daily rate
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£625 £688 £550
Average daily rate % change year-on-year
-9.09% +25.00%
90% offered a daily rate of more than £550 £465 £438
10% offered a daily rate of more than £700 £753 £630
UK excluding London average daily rate - £375 -
Number of hourly rates quoted 1 1 0
Average hourly rate £40.00 £35.00 -
Average hourly rate % change year-on-year
+14.28% -
UK excluding London average hourly rate £40.00 £35.00 -
% change year-on-year
+14.28% -

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
42683 40843 36923
As % of all contract IT jobs located in the UK 77.49% 76.03% 74.62%
Number of daily rates quoted 27538 25481 22182
Average daily rate £413 £400 £413
Average daily rate % change year-on-year
+3.12% -3.03%
90% offered a daily rate of more than £288 £275 £273
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £388 £375 £370
% change year-on-year
+3.33% +1.35%
Number of hourly rates quoted 1145 1208 1092
Average hourly rate £30.00 £26.50 £30.00
Average hourly rate % change year-on-year
+13.20% -11.66%
90% offered a hourly rate of more than £12.43 £13.00 £13.00
10% offered a hourly rate of more than £50.00 £47.50 £47.50
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

This chart provides the 3-month moving total of IT contractor jobs citing Monte Carlo Method within the UK as a proportion of the total demand within 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 2 July 2015.

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 11 Contract Locations

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 UK over the 3 months to 2 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
England -18 21 £625 -9.09% 6
London -1 16 £625 -10.71% 4
City of London +2 10 £625 -7.40% 1
South East -24 3 - -
Guildford - 3 - -
Surrey - 3 - -
North West - 1 - - 2
Stevenage - 1 - -
Cumbria - 1 - -
Hertfordshire - 1 - -
East of England - 1 - -

Monte Carlo Method
Top 30 Related IT Skills

For the 6 months to 2 July 2015, IT contractor jobs within the UK 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 (60.42%) Credit Risk
2 23 (47.92%) Finance
3 17 (35.42%) Banking
3 17 (35.42%) SQL
4 13 (27.08%) C++
4 13 (27.08%) Market Risk
4 13 (27.08%) Investment Banking
5 12 (25.00%) Agile Software Development
5 12 (25.00%) Risk Management
6 11 (22.92%) Analytical Skills
7 8 (16.67%) Regression Testing
7 8 (16.67%) Mathematics
8 7 (14.58%) UMTS
8 7 (14.58%) Mapinfo
8 7 (14.58%) Java
8 7 (14.58%) C
8 7 (14.58%) C#
8 7 (14.58%) OO
8 7 (14.58%) Analytics
9 6 (12.50%) GSM
10 5 (10.42%) Windows
10 5 (10.42%) Front Office
10 5 (10.42%) Asset Management
10 5 (10.42%) Subversion
10 5 (10.42%) Validation
10 5 (10.42%) Business Analysis
10 5 (10.42%) Multithreading
10 5 (10.42%) Low Latency
11 4 (8.33%) DevOps
11 4 (8.33%) SDLC

Monte Carlo Method
Top Related IT Skills by Category

For the 6 months to 2 July 2015, IT contractor jobs within the UK 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 (2.08%) Oracle Coherence
Applications
1 3 (6.25%) MS Excel
2 2 (4.17%) Open Workbench
3 1 (2.08%) Simulink
Business Applications
1 1 (2.08%) Adaptiv
Cloud Services
1 1 (2.08%) PaaS
1 1 (2.08%) GitHub
Communications & Networking
1 7 (14.58%) UMTS
2 6 (12.50%) GSM
3 2 (4.17%) LTE
4 1 (2.08%) AMQP
4 1 (2.08%) TCP/IP
Database & Business Intelligence
1 1 (2.08%) MS Access
1 1 (2.08%) Data Warehouse
1 1 (2.08%) SQL Server Integration Services
1 1 (2.08%) Hadoop
1 1 (2.08%) Big Data
1 1 (2.08%) Hazelcast
Development Applications
1 5 (10.42%) Subversion
2 1 (2.08%) Maven
2 1 (2.08%) Git (software)
2 1 (2.08%) Apache Ivy
2 1 (2.08%) JUnit
2 1 (2.08%) ClearCase
General
1 23 (47.92%) Finance
2 17 (35.42%) Banking
3 13 (27.08%) Investment Banking
4 5 (10.42%) Front Office
5 4 (8.33%) Telecoms
6 1 (2.08%) Legal
6 1 (2.08%) Games
6 1 (2.08%) Marketing
Job Titles
1 16 (33.33%) Developer
2 14 (29.17%) Analyst
3 8 (16.67%) Business Analyst
4 7 (14.58%) Project Manager
4 7 (14.58%) Quantitative Developer
5 5 (10.42%) Risk Manager
5 5 (10.42%) Banking Business Analyst
5 5 (10.42%) Credit Risk Analyst
5 5 (10.42%) Credit Risk Project Manager
5 5 (10.42%) Administrator
6 3 (6.25%) Senior Developer
6 3 (6.25%) Test Analyst
6 3 (6.25%) Credit Risk Developer
6 3 (6.25%) Risk Analyst
6 3 (6.25%) Credit Analyst
6 3 (6.25%) Quantitative Analyst
6 3 (6.25%) Credit Risk Business Analyst
6 3 (6.25%) RF Engineer
7 2 (4.17%) C++ Quantitative Developer
7 2 (4.17%) Investment Banking Business Analyst
Libraries, Frameworks & Software Standards
1 4 (8.33%) WPF
2 2 (4.17%) .NET
3 1 (2.08%) ASP.NET
3 1 (2.08%) COM
3 1 (2.08%) STL
3 1 (2.08%) .NET Framework
3 1 (2.08%) Microsoft Enterprise Library
3 1 (2.08%) Boost C++ Libraries
3 1 (2.08%) Entity Framework
Miscellaneous
1 29 (60.42%) Credit Risk
2 13 (27.08%) Market Risk
3 11 (22.92%) Analytical Skills
4 8 (16.67%) Mathematics
5 4 (8.33%) Physics
5 4 (8.33%) Computer Science
5 4 (8.33%) Algorithms
5 4 (8.33%) Foreign Exchange (FX)
6 3 (6.25%) Derivative
6 3 (6.25%) Fixed Income
6 3 (6.25%) Statistics
7 2 (4.17%) Grid Computing
7 2 (4.17%) Equities
7 2 (4.17%) Equity Derivative
8 1 (2.08%) Mainframe
8 1 (2.08%) Neural Network
8 1 (2.08%) Data Structures
8 1 (2.08%) Mobile Banking
Operating Systems
1 5 (10.42%) Windows
2 2 (4.17%) UNIX
2 2 (4.17%) Linux
3 1 (2.08%) AIX
3 1 (2.08%) HPUX
3 1 (2.08%) Solaris
Processes & Methodologies
1 12 (25.00%) Risk Management
1 12 (25.00%) Agile Software Development
2 8 (16.67%) Regression Testing
3 7 (14.58%) OO
3 7 (14.58%) Analytics
4 5 (10.42%) Low Latency
4 5 (10.42%) Validation
4 5 (10.42%) Asset Management
4 5 (10.42%) Business Analysis
4 5 (10.42%) Multithreading
5 4 (8.33%) Test Scripting
5 4 (8.33%) Stress Testing
5 4 (8.33%) SDLC
5 4 (8.33%) Greeks
5 4 (8.33%) Test Automation
5 4 (8.33%) DevOps
6 2 (4.17%) Quantitative Analysis
6 2 (4.17%) User Acceptance Testing
6 2 (4.17%) TDD
6 2 (4.17%) Scrum
Programming Languages
1 17 (35.42%) SQL
2 13 (27.08%) C++
3 7 (14.58%) Java
3 7 (14.58%) C
3 7 (14.58%) C#
4 4 (8.33%) VBA
4 4 (8.33%) Python
5 3 (6.25%) MATLAB
5 3 (6.25%) R
6 2 (4.17%) PL/SQL
6 2 (4.17%) MapBasic
6 2 (4.17%) VB
7 1 (2.08%) REXX
7 1 (2.08%) Perl
7 1 (2.08%) Scala
Qualifications
1 4 (8.33%) Degree
2 3 (6.25%) PhD
3 2 (4.17%) Security Cleared
4 1 (2.08%) ISTQB Foundation Certification
4 1 (2.08%) ISTQB
4 1 (2.08%) SC Cleared
Quality Assurance & Compliance
1 2 (4.17%) Basel III
2 1 (2.08%) CRD IV
2 1 (2.08%) SLA
2 1 (2.08%) COBIT
System Software
1 1 (2.08%) VMware ESX
1 1 (2.08%) VMware Infrastructure
Systems Management
1 1 (2.08%) CA Endevor
1 1 (2.08%) HP Quality Center
1 1 (2.08%) Puppet
1 1 (2.08%) Opscode Chef
Vendors
1 7 (14.58%) Mapinfo
2 2 (4.17%) Murex
2 2 (4.17%) Calypso
2 2 (4.17%) Microsoft
2 2 (4.17%) Sophis
3 1 (2.08%) TEOCO
3 1 (2.08%) Sun
3 1 (2.08%) Oracle
3 1 (2.08%) IBM
3 1 (2.08%) Citrix
3 1 (2.08%) Perforce
3 1 (2.08%) VMware
London
Eames Consulting
Rate: £650 per day
Posted: 7 hours ago