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 1 July 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
1 Jul 2016
Same period 2015 Same period 2014
Monte Carlo Method
Rank 609 618 613
Rank change year-on-year
+9 -5
Contract jobs citing Monte Carlo Method 29 25 23
As % of all contract IT jobs located in the UK 0.054% 0.045% 0.043%
As % of the Processes & Methodologies category 0.066% 0.056% 0.054%
Number of daily rates quoted 17 13 20
Median daily rate £625 £600 £688
Median daily rate % change year-on-year
+4.16% -12.72%
90% offered a daily rate of more than £485 £354 £465
10% offered a daily rate of more than £685 £690 £753
UK excluding London median daily rate £500 £320 £375
% change year-on-year
+56.25% -14.66%
Number of hourly rates quoted 0 1 1
Median hourly rate - £40.00 £35.00
Median hourly rate % change year-on-year
- +14.28%
UK excluding London median 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
44001 44737 42259
As % of all contract IT jobs located in the UK 82.29% 79.69% 78.40%
Number of daily rates quoted 29186 28814 26448
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 £295 £285 £275
10% offered a daily rate of more than £600 £575 £568
UK excluding London median daily rate £400 £385 £375
% change year-on-year
+3.89% +2.66%
Number of hourly rates quoted 1047 1191 1229
Median hourly rate £28.00 £29.00 £27.50
Median hourly rate % change year-on-year
-3.44% +5.45%
90% offered a hourly rate of more than £13.00 £12.36 £13.00
10% offered a hourly rate of more than £47.83 £50.00 £47.50
UK excluding London median hourly rate £28.50 £30.00 £30.00
% change year-on-year
-5.00% -

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 1 July 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 11 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 1 July 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 +8 29 £625 +4.16% 5
London -2 22 £650 +4.00% 2
Warwickshire - 3 £394 -
South West - 3 £500 -
West Midlands - 3 £394 -
Romford - 2 - -
Warwick - 2 £394 -
City of London +22 1 £610 -2.40% 1
South East 0 1 - -
Hampshire - 1 - -
Basingstoke - 1 - -

Monte Carlo Method
Top 30 Related IT Skills

For the 6 months to 1 July 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 35 (70.00%) Finance
2 30 (60.00%) Risk Management
3 25 (50.00%) C++
4 24 (48.00%) C#
5 21 (42.00%) Mathematics
6 20 (40.00%) Foreign Exchange (FX)
7 19 (38.00%) Derivative
7 19 (38.00%) Quantitative Finance
8 18 (36.00%) SQL
9 17 (34.00%) Credit Risk
9 17 (34.00%) QA
10 16 (32.00%) Analytical Skills
10 16 (32.00%) Front Office
11 15 (30.00%) Credit Derivative
11 15 (30.00%) Java
12 14 (28.00%) Python
12 14 (28.00%) Degree
12 14 (28.00%) Market Risk
13 13 (26.00%) PhD
14 12 (24.00%) Agile Software Development
15 11 (22.00%) Business Analysis
16 10 (20.00%) Analytics
16 10 (20.00%) Algorithms
16 10 (20.00%) SDLC
16 10 (20.00%) Validation
16 10 (20.00%) Fixed Income
16 10 (20.00%) Risk Assessment
16 10 (20.00%) VBA
17 9 (18.00%) Grid Computing
18 8 (16.00%) Performance Optimisation

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 1 (2.00%) ArcGIS
1 1 (2.00%) SharePoint
Applications
1 4 (8.00%) MS Excel
2 3 (6.00%) SPSS
3 1 (2.00%) MS Office
3 1 (2.00%) MS PowerPoint
3 1 (2.00%) MS Visio
Database & Business Intelligence
1 3 (6.00%) Big Data
2 1 (2.00%) Oracle Database
2 1 (2.00%) RDBMS
2 1 (2.00%) Relational Database
Development Applications
1 1 (2.00%) FitNesse
1 1 (2.00%) SpecFlow
General
1 35 (70.00%) Finance
2 16 (32.00%) Front Office
3 8 (16.00%) Banking
4 7 (14.00%) Investment Banking
5 1 (2.00%) Marketing
5 1 (2.00%) Retail
Job Titles
1 26 (52.00%) Analyst
2 17 (34.00%) Risk Analyst
3 10 (20.00%) Business Analyst
3 10 (20.00%) Credit Risk Manager
3 10 (20.00%) Quantitative Risk Manager
3 10 (20.00%) Risk Business Analyst
3 10 (20.00%) Risk Manager
4 9 (18.00%) Qualitative Analyst
4 9 (18.00%) Quantitative Analyst
5 7 (14.00%) Credit Analyst
5 7 (14.00%) Credit Risk Analyst
5 7 (14.00%) Credit Risk Business Analyst
5 7 (14.00%) Developer
6 6 (12.00%) Quantitative Risk Analyst
7 5 (10.00%) Data Analyst
8 4 (8.00%) Quantitative Developer
9 3 (6.00%) Data Scientist
9 3 (6.00%) Java Developer
9 3 (6.00%) Market Risk Analyst
9 3 (6.00%) Market Risk Business Analyst
Libraries, Frameworks & Software Standards
1 1 (2.00%) .NET
1 1 (2.00%) Boost C++ Libraries
1 1 (2.00%) COM
1 1 (2.00%) STL
Miscellaneous
1 21 (42.00%) Mathematics
2 20 (40.00%) Foreign Exchange (FX)
3 19 (38.00%) Derivative
4 17 (34.00%) Credit Risk
5 16 (32.00%) Analytical Skills
6 15 (30.00%) Credit Derivative
7 14 (28.00%) Market Risk
8 10 (20.00%) Algorithms
8 10 (20.00%) Fixed Income
9 9 (18.00%) Grid Computing
10 6 (12.00%) Statistics
11 5 (10.00%) Computer Science
11 5 (10.00%) Economics
12 3 (6.00%) Data Structures
12 3 (6.00%) Neural Network
13 2 (4.00%) Equities
14 1 (2.00%) Social Network
14 1 (2.00%) Visualisation
Operating Systems
1 1 (2.00%) Unix
Processes & Methodologies
1 30 (60.00%) Risk Management
2 19 (38.00%) Quantitative Finance
3 12 (24.00%) Agile Software Development
4 11 (22.00%) Business Analysis
5 10 (20.00%) Analytics
5 10 (20.00%) Risk Assessment
5 10 (20.00%) SDLC
5 10 (20.00%) Validation
6 8 (16.00%) Data Analysis
6 8 (16.00%) Performance Optimisation
7 7 (14.00%) Risk Analytics
8 3 (6.00%) Machine Learning
8 3 (6.00%) Numerical Analysis
8 3 (6.00%) UML
8 3 (6.00%) Waterfall
9 2 (4.00%) Asset Management
9 2 (4.00%) Operations Research
10 1 (2.00%) Capacity Management
10 1 (2.00%) Functional Programming
10 1 (2.00%) Linear Programming
Programming Languages
1 25 (50.00%) C++
2 24 (48.00%) C#
3 18 (36.00%) SQL
4 15 (30.00%) Java
5 14 (28.00%) Python
6 10 (20.00%) VBA
7 5 (10.00%) R
8 4 (8.00%) MATLAB
9 3 (6.00%) Lua
10 1 (2.00%) Haskell
10 1 (2.00%) Scala
10 1 (2.00%) VB
10 1 (2.00%) VC++
Qualifications
1 14 (28.00%) Degree
2 13 (26.00%) PhD
3 2 (4.00%) CFA
4 1 (2.00%) Security Cleared
Quality Assurance & Compliance
1 17 (34.00%) QA
Vendors
1 1 (2.00%) ESRI
1 1 (2.00%) Microsoft
1 1 (2.00%) Oracle
1 1 (2.00%) SIMUL8