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 11 February 2016 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
11 Feb 2016
Same period 2015 Same period 2014
Monte Carlo Method
Rank 603 577 561
Rank change year-on-year
-26 -16
Contract jobs citing Monte Carlo Method 23 35 27
As % of all contract IT jobs located in the UK 0.045% 0.068% 0.054%
As % of the Processes & Methodologies category 0.055% 0.087% 0.071%
Number of daily rates quoted 23 31 23
Average daily rate £675 £575 £600
Average daily rate % change year-on-year
+17.39% -4.16%
90% offered a daily rate of more than £500 £440 £505
10% offered a daily rate of more than £1,100 £725 £750
UK excluding London average daily rate - £1,000 -
Number of hourly rates quoted 0 0 1
Average hourly rate - - £40.00
UK excluding London average hourly rate - - £40.00

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
41792 40196 38042
As % of all contract IT jobs located in the UK 81.24% 77.62% 76.51%
Number of daily rates quoted 27320 25624 23044
Average daily rate £425 £420 £400
Average daily rate % change year-on-year
+1.19% +5.00%
90% offered a daily rate of more than £300 £280 £273
10% offered a daily rate of more than £600 £575 £575
UK excluding London average daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 1199 1072 1163
Average hourly rate £40.00 £26.50 £27.50
Average hourly rate % change year-on-year
+50.94% -3.63%
90% offered a hourly rate of more than £13.00 £12.00 £12.50
10% offered a hourly rate of more than £57.00 £46.25 £52.40
UK excluding London average hourly rate £40.00 £27.50 £27.50
% change year-on-year
+45.45% -

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 11 February 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 3 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 11 February 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
(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
London -1 23 £675 +20.00% 6
England -14 23 £675 +17.39% 9
City of London +22 3 £550 +2.32% 2

Monte Carlo Method
Top 30 Related IT Skills

For the 6 months to 11 February 2016, 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 38 (69.09%) Finance
2 31 (56.36%) C++
3 29 (52.73%) Mathematics
4 26 (47.27%) Market Risk
5 25 (45.45%) Derivative
6 22 (40.00%) Front Office
7 20 (36.36%) C#
7 20 (36.36%) Credit Risk
8 19 (34.55%) Risk Management
9 18 (32.73%) Banking
10 17 (30.91%) Analytics
11 16 (29.09%) Agile Software Development
11 16 (29.09%) PhD
12 14 (25.45%) Foreign Exchange (FX)
12 14 (25.45%) SQL
12 14 (25.45%) Degree
13 13 (23.64%) QA
13 13 (23.64%) Investment Banking
13 13 (23.64%) Analytical Skills
14 12 (21.82%) Statistics
14 12 (21.82%) Validation
15 11 (20.00%) Risk Assessment
15 11 (20.00%) VBA
15 11 (20.00%) Physics
16 10 (18.18%) Credit Derivative
17 9 (16.36%) Java
18 8 (14.55%) .NET
18 8 (14.55%) Windows
18 8 (14.55%) WPF
19 7 (12.73%) Computer Science

Monte Carlo Method
Top Related IT Skills by Category

For the 6 months to 11 February 2016, 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 4 (7.27%) SAS
2 1 (1.82%) Confluence
Applications
1 4 (7.27%) MS Office
2 1 (1.82%) MS Excel
Cloud Services
1 1 (1.82%) Amazon AWS
1 1 (1.82%) SaaS
Database & Business Intelligence
1 5 (9.09%) SQL Server
2 3 (5.45%) Data Warehouse
3 1 (1.82%) Oracle Database
3 1 (1.82%) RDBMS
3 1 (1.82%) Relational Database
3 1 (1.82%) SQL Server Integration Services
General
1 38 (69.09%) Finance
2 22 (40.00%) Front Office
3 18 (32.73%) Banking
4 13 (23.64%) Investment Banking
5 5 (9.09%) Retail
6 4 (7.27%) Games
6 4 (7.27%) Marketing
7 3 (5.45%) Financial Institution
8 1 (1.82%) Publishing
Job Titles
1 24 (43.64%) Developer
2 14 (25.45%) Analyst
3 10 (18.18%) Credit Risk Manager
3 10 (18.18%) Risk Manager
4 9 (16.36%) C# Developer
4 9 (16.36%) Quantitative Developer
4 9 (16.36%) Quantitative Risk Manager
5 8 (14.55%) Risk Analyst
6 7 (12.73%) Market Risk Developer
7 6 (10.91%) Business Analyst
7 6 (10.91%) Senior Developer
8 5 (9.09%) C# WPF Developer
8 5 (9.09%) C++ Developer
8 5 (9.09%) Qualitative Analyst
8 5 (9.09%) Quantitative Analyst
8 5 (9.09%) Senior C# Developer
8 5 (9.09%) Senior WPF Developer
8 5 (9.09%) WPF Developer
9 4 (7.27%) Credit Risk Analyst
9 4 (7.27%) Risk Business Analyst
Libraries, Frameworks & Software Standards
1 8 (14.55%) .NET
1 8 (14.55%) WPF
2 7 (12.73%) ASP.NET
3 4 (7.27%) WCF
4 1 (1.82%) .NET Framework
4 1 (1.82%) Akka
4 1 (1.82%) Boost C++ Libraries
4 1 (1.82%) COM
4 1 (1.82%) Entity Framework
4 1 (1.82%) Java Concurrency
4 1 (1.82%) Spring
4 1 (1.82%) STL
4 1 (1.82%) Web Services
Miscellaneous
1 29 (52.73%) Mathematics
2 26 (47.27%) Market Risk
3 25 (45.45%) Derivative
4 20 (36.36%) Credit Risk
5 14 (25.45%) Foreign Exchange (FX)
6 13 (23.64%) Analytical Skills
7 12 (21.82%) Statistics
8 11 (20.00%) Physics
9 10 (18.18%) Credit Derivative
10 7 (12.73%) Computer Science
10 7 (12.73%) Data Structures
11 6 (10.91%) Algorithms
12 4 (7.27%) Fixed Income
13 3 (5.45%) Economics
14 1 (1.82%) Equity Derivative
14 1 (1.82%) Grid Computing
14 1 (1.82%) Hedge funds
14 1 (1.82%) Pricing Data
Operating Systems
1 8 (14.55%) Windows
2 3 (5.45%) Linux
Processes & Methodologies
1 19 (34.55%) Risk Management
2 17 (30.91%) Analytics
3 16 (29.09%) Agile Software Development
4 12 (21.82%) Validation
5 11 (20.00%) Risk Assessment
6 7 (12.73%) Business Analysis
6 7 (12.73%) SDLC
6 7 (12.73%) Unit Testing
7 6 (10.91%) Numerical Analysis
7 6 (10.91%) Stochastic Calculus
8 5 (9.09%) OO
9 4 (7.27%) Business Intelligence
9 4 (7.27%) Competitive Intelligence
9 4 (7.27%) Game Theory
9 4 (7.27%) Operations Research
9 4 (7.27%) Probability Theory
9 4 (7.27%) Risk Analytics
9 4 (7.27%) TDD
9 4 (7.27%) UML
9 4 (7.27%) Web Analytics
Programming Languages
1 31 (56.36%) C++
2 20 (36.36%) C#
3 14 (25.45%) SQL
4 11 (20.00%) VBA
5 9 (16.36%) Java
6 7 (12.73%) Python
7 2 (3.64%) Clojure
7 2 (3.64%) Haskell
7 2 (3.64%) Scala
8 1 (1.82%) C
8 1 (1.82%) MATLAB
8 1 (1.82%) R
Qualifications
1 16 (29.09%) PhD
2 14 (25.45%) Degree
3 1 (1.82%) ISEB
3 1 (1.82%) ISTQB
Quality Assurance & Compliance
1 13 (23.64%) QA
System Software
1 1 (1.82%) Platform Symphony
Vendors
1 4 (7.27%) Tableau
2 1 (1.82%) DataSynapse
2 1 (1.82%) Microsoft
2 1 (1.82%) Oracle
London
Quant Capital
Rate: £40,000 - £50,000 per year
Posted: 10 days ago