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 27 April 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
27 Apr 2015
Same period 2014 Same period 2013
Monte Carlo Method
Rank 567 564 467
Rank change year-on-year
-3 -97
Contract jobs citing Monte Carlo Method 30 35 75
As % of all contract IT jobs located in the UK 0.054% 0.064% 0.16%
As % of the Processes & Methodologies category 0.071% 0.086% 0.21%
Number of daily rates quoted 21 31 57
Average daily rate
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of your Daily Rate
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£625 £675 £575
Average daily rate % change year-on-year
-7.40% +17.39%
90% offered a daily rate of more than £475 £500 £439
10% offered a daily rate of more than £700 £800 £635
UK excluding London average daily rate £320 - -
Number of hourly rates quoted 0 1 0
Average hourly rate - £35.00 -
UK excluding London average 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
42497 40723 35069
As % of all contract IT jobs located in the UK 76.35% 74.75% 73.52%
Number of daily rates quoted 26510 25396 20908
Average daily rate £415 £400 £408
Average daily rate % change year-on-year
+3.75% -1.84%
90% offered a daily rate of more than £283 £275 £275
10% offered a daily rate of more than £575 £563 £575
UK excluding London average daily rate £390 £375 £362
% change year-on-year
+4.00% +3.73%
Number of hourly rates quoted 1226 1148 1061
Average hourly rate £29.00 £30.00 £32.00
Average hourly rate % change year-on-year
-3.33% -6.25%
90% offered a hourly rate of more than £12.10 £12.50 £13.50
10% offered a hourly rate of more than £47.50 £52.50 £54.00
UK excluding London average hourly rate £30.20 £31.00 £32.00
% change year-on-year
-2.58% -3.12%

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 27 April 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 10 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 27 April 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 -6 30 £625 -7.40% 6
London -23 23 £640 -5.18% 3
City of London +9 13 £625 -7.40% 2
South East -14 6 £320 - 1
Surrey - 6 £320 -
Guildford - 5 £320 -
Northampton - 1 - -
Northamptonshire - 1 - -
East Midlands - 1 - -
Canary Wharf - 1 - -

Monte Carlo Method
Top 30 Related IT Skills

For the 6 months to 27 April 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 28 (51.85%) Credit Risk
2 25 (46.30%) Finance
3 22 (40.74%) C++
4 19 (35.19%) Risk Management
5 18 (33.33%) SQL
6 17 (31.48%) Banking
7 14 (25.93%) Market Risk
7 14 (25.93%) Mathematics
8 13 (24.07%) Investment Banking
8 13 (24.07%) Analytics
9 12 (22.22%) Analytical Skills
10 11 (20.37%) Agile Software Development
10 11 (20.37%) OO
11 10 (18.52%) Python
11 10 (18.52%) Regression Testing
12 9 (16.67%) C
12 9 (16.67%) Physics
13 8 (14.81%) Computer Science
14 7 (12.96%) Java
14 7 (12.96%) PhD
14 7 (12.96%) UMTS
15 6 (11.11%) VBA
15 6 (11.11%) Front Office
15 6 (11.11%) Validation
15 6 (11.11%) Grid Computing
15 6 (11.11%) GSM
15 6 (11.11%) Mapinfo
15 6 (11.11%) Test Scripting
15 6 (11.11%) Multithreading
15 6 (11.11%) Derivative

Monte Carlo Method
Top Related IT Skills by Category

For the 6 months to 27 April 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 2 (3.70%) Oracle Coherence
Applications
1 5 (9.26%) MS Excel
2 2 (3.70%) Open Workbench
2 2 (3.70%) MS Office
Business Applications
1 1 (1.85%) Summit
Cloud Services
1 1 (1.85%) PaaS
1 1 (1.85%) GitHub
Communications & Networking
1 7 (12.96%) UMTS
2 6 (11.11%) GSM
3 3 (5.56%) LTE
4 2 (3.70%) AMQP
5 1 (1.85%) Radio Access Network
5 1 (1.85%) TCP/IP
5 1 (1.85%) MIMO
Database & Business Intelligence
1 2 (3.70%) Hadoop
1 2 (3.70%) NoSQL
1 2 (3.70%) Hazelcast
2 1 (1.85%) Relational Database
2 1 (1.85%) Big Data
2 1 (1.85%) MS Access
Development Applications
1 2 (3.70%) Maven
1 2 (3.70%) JUnit
1 2 (3.70%) Apache Ivy
2 1 (1.85%) ClearCase
2 1 (1.85%) Subversion
2 1 (1.85%) yacc
2 1 (1.85%) Git (software)
2 1 (1.85%) ANTLR
General
1 25 (46.30%) Finance
2 17 (31.48%) Banking
3 13 (24.07%) Investment Banking
4 6 (11.11%) Front Office
5 4 (7.41%) Telecoms
6 2 (3.70%) Games
7 1 (1.85%) Marketing
7 1 (1.85%) French Language
7 1 (1.85%) German Language
7 1 (1.85%) Italian Language
Job Titles
1 20 (37.04%) Developer
2 16 (29.63%) Analyst
3 13 (24.07%) Quantitative Developer
4 6 (11.11%) C++ Developer
4 6 (11.11%) Project Manager
4 6 (11.11%) Business Analyst
4 6 (11.11%) C++ Quantitative Developer
5 5 (9.26%) Quantitative Analyst
5 5 (9.26%) Test Analyst
6 4 (7.41%) Administrator
6 4 (7.41%) Risk Manager
6 4 (7.41%) Credit Risk Analyst
6 4 (7.41%) Credit Risk Project Manager
7 3 (5.56%) Banking Business Analyst
7 3 (5.56%) Senior Analyst
7 3 (5.56%) Senior Test Analyst
8 2 (3.70%) Credit Analyst
8 2 (3.70%) Java Developer
8 2 (3.70%) Market Risk Analyst
8 2 (3.70%) Consultant
Libraries, Frameworks & Software Standards
1 4 (7.41%) .NET
2 1 (1.85%) COM
2 1 (1.85%) STL
2 1 (1.85%) WCF
2 1 (1.85%) WPF
2 1 (1.85%) Boost C++ Libraries
2 1 (1.85%) HTML5
2 1 (1.85%) HTML
Miscellaneous
1 28 (51.85%) Credit Risk
2 14 (25.93%) Market Risk
2 14 (25.93%) Mathematics
3 12 (22.22%) Analytical Skills
4 9 (16.67%) Physics
5 8 (14.81%) Computer Science
6 6 (11.11%) Statistics
6 6 (11.11%) Grid Computing
6 6 (11.11%) Derivative
7 5 (9.26%) Algorithms
8 4 (7.41%) Foreign Exchange (FX)
9 3 (5.56%) Equity Derivative
9 3 (5.56%) Fixed Income
10 2 (3.70%) Data Structures
10 2 (3.70%) Equities
11 1 (1.85%) Neural Network
11 1 (1.85%) Exotic Derivative
11 1 (1.85%) Mainframe
11 1 (1.85%) Mobile Banking
Operating Systems
1 3 (5.56%) UNIX
1 3 (5.56%) Linux
2 2 (3.70%) Windows
3 1 (1.85%) AIX
3 1 (1.85%) HPUX
3 1 (1.85%) Solaris
Processes & Methodologies
1 19 (35.19%) Risk Management
2 13 (24.07%) Analytics
3 11 (20.37%) OO
3 11 (20.37%) Agile Software Development
4 10 (18.52%) Regression Testing
5 6 (11.11%) Validation
5 6 (11.11%) Test Scripting
5 6 (11.11%) Multithreading
5 6 (11.11%) Low Latency
5 6 (11.11%) Test Automation
6 5 (9.26%) Asset Management
6 5 (9.26%) Business Analysis
6 5 (9.26%) Scrum
6 5 (9.26%) Project Management
7 4 (7.41%) Stress Testing
8 3 (5.56%) Greeks
8 3 (5.56%) Quantitative Analysis
8 3 (5.56%) Risk Analysis
8 3 (5.56%) PRINCE2
8 3 (5.56%) Software Architecture
Programming Languages
1 22 (40.74%) C++
2 18 (33.33%) SQL
3 10 (18.52%) Python
4 9 (16.67%) C
5 7 (12.96%) Java
6 6 (11.11%) VBA
7 4 (7.41%) R
7 4 (7.41%) MATLAB
7 4 (7.41%) C#
8 3 (5.56%) Perl
9 2 (3.70%) PL/SQL
9 2 (3.70%) MapBasic
10 1 (1.85%) Scala
10 1 (1.85%) REXX
10 1 (1.85%) VB
Qualifications
1 7 (12.96%) PhD
2 5 (9.26%) Degree
3 2 (3.70%) ISTQB Foundation Certification
3 2 (3.70%) ISTQB
Quality Assurance & Compliance
1 2 (3.70%) Basel III
2 1 (1.85%) CRD IV
2 1 (1.85%) SLA
2 1 (1.85%) COBIT
System Software
1 2 (3.70%) Platform Symphony
2 1 (1.85%) VMware ESX
2 1 (1.85%) VMware Infrastructure
Systems Management
1 2 (3.70%) HP Quality Center
2 1 (1.85%) Puppet
2 1 (1.85%) Opscode Chef
2 1 (1.85%) CA Endevor
Vendors
1 6 (11.11%) Mapinfo
2 2 (3.70%) Calypso
2 2 (3.70%) Murex
2 2 (3.70%) Sophis
2 2 (3.70%) DataSynapse
3 1 (1.85%) TEOCO
3 1 (1.85%) Huawei
3 1 (1.85%) Misys
3 1 (1.85%) IBM
3 1 (1.85%) Microsoft
3 1 (1.85%) Sun
3 1 (1.85%) Citrix
3 1 (1.85%) Perforce
3 1 (1.85%) VMware