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 August 2014 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 Aug 2014
Same period 2013 Same period 2012
Monte Carlo Method
Rank 589 527 532
Rank change year-on-year
-62 +5
Contract jobs citing Monte Carlo Method 11 48 54
As % of all contract IT jobs located in the UK 0.020% 0.090% 0.092%
As % of the Processes & Methodologies category 0.027% 0.12% 0.13%
Number of daily rates quoted 9 33 44
Average daily rate
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£600 £550 £550
Average daily rate % change year-on-year
+9.09% -
UK excluding London average daily rate £500 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -

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
41303 39122 41685
As % of all contract IT jobs located in the UK 74.30% 73.30% 70.99%
Number of daily rates quoted 25558 24009 24155
Average daily rate £410 £400 £400
Average daily rate % change year-on-year
+2.50% -
90% offered a daily rate of more than £275 £270 £265
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £375 £370 £360
% change year-on-year
+1.35% +2.77%
Number of hourly rates quoted 1135 1071 1478
Average hourly rate £23.00 £29.00 £31.50
Average hourly rate % change year-on-year
-20.68% -7.93%
90% offered a hourly rate of more than £12.50 £12.50 £13.00
10% offered a hourly rate of more than £50.00 £48.84 £45.00
UK excluding London average hourly rate £25.00 £30.00 £31.00
% change year-on-year
-16.66% -3.22%

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 August 2014.

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 13 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 August 2014. 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 -52 11 £600 +9.09% 9
London -41 10 £613 +11.36% 5
City of London +21 5 £650 +23.80% 4
North West - - - - 3
South East - - - -
Cambridge - - - - 1
Horsham - - - -
Wilmslow - - - - 1
Cambridgeshire - - - - 1
Cheshire - - - - 3
West Sussex - - - -
Canary Wharf - - - -
East of England - - - - 1

Monte Carlo Method
Top 30 Related IT Skills

For the 6 months to 27 August 2014, 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 23 (54.76%) C++
2 17 (40.48%) C#
3 14 (33.33%) Finance
4 13 (30.95%) Banking
5 12 (28.57%) Investment Banking
5 12 (28.57%) Credit Risk
6 11 (26.19%) Analytics
7 10 (23.81%) Front Office
7 10 (23.81%) Java
7 10 (23.81%) Mathematics
8 9 (21.43%) Derivative
9 8 (19.05%) VBA
10 7 (16.67%) Grid Computing
10 7 (16.67%) Risk Management
10 7 (16.67%) Windows
10 7 (16.67%) SQL
11 6 (14.29%) Python
11 6 (14.29%) PhD
11 6 (14.29%) .NET
11 6 (14.29%) MS Office
11 6 (14.29%) STL
11 6 (14.29%) Foreign Exchange (FX)
12 5 (11.90%) Perl
12 5 (11.90%) Linux
12 5 (11.90%) Computer Science
12 5 (11.90%) Market Risk
13 4 (9.52%) User Acceptance Testing
13 4 (9.52%) SQL Server
13 4 (9.52%) Validation
14 3 (7.14%) Fixed Income

Monte Carlo Method
Top Related IT Skills by Category

For the 6 months to 27 August 2014, 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 (4.76%) Oracle Coherence
Applications
1 6 (14.29%) MS Office
2 1 (2.38%) MS Excel
Business Applications
1 1 (2.38%) Summit
Database & Business Intelligence
1 4 (9.52%) SQL Server
2 2 (4.76%) SQL Server 2008
3 1 (2.38%) Big Data
3 1 (2.38%) Hazelcast
3 1 (2.38%) Data Warehouse
3 1 (2.38%) SQL Server 2005
3 1 (2.38%) SQL Server Integration Services
Development Applications
1 2 (4.76%) Subversion
2 1 (2.38%) Maven
2 1 (2.38%) Rational DOORS
2 1 (2.38%) SpecFlow
2 1 (2.38%) Gradle
2 1 (2.38%) JUnit
General
1 14 (33.33%) Finance
2 13 (30.95%) Banking
3 12 (28.57%) Investment Banking
4 10 (23.81%) Front Office
5 2 (4.76%) Military
Job Titles
1 25 (59.52%) Developer
2 16 (38.10%) Quantitative Developer
3 11 (26.19%) Analyst
4 8 (19.05%) C++ Developer
5 5 (11.90%) Quantitative Analyst
5 5 (11.90%) C++ Quantitative Developer
6 4 (9.52%) C# Developer
7 3 (7.14%) Senior Analyst
7 3 (7.14%) Business Analyst
7 3 (7.14%) Risk Analyst
7 3 (7.14%) Senior Quantitative Analyst
8 2 (4.76%) Requirements Analyst
8 2 (4.76%) Credit Risk Analyst
8 2 (4.76%) Credit Risk Business Analyst
8 2 (4.76%) Information Analyst
9 1 (2.38%) SQL Developer
9 1 (2.38%) SQL Server Developer
9 1 (2.38%) Consultant
9 1 (2.38%) Credit Analyst
9 1 (2.38%) Design Engineer
Libraries, Frameworks & Software Standards
1 6 (14.29%) STL
1 6 (14.29%) .NET
2 2 (4.76%) .NET Framework
2 2 (4.76%) WCF
2 2 (4.76%) WPF
2 2 (4.76%) Boost C++ Libraries
2 2 (4.76%) ADO.NET Entity Framework
3 1 (2.38%) Restlet
3 1 (2.38%) HTML
3 1 (2.38%) HTML5
3 1 (2.38%) jQuery
3 1 (2.38%) Microsoft Enterprise Library
3 1 (2.38%) ASP.NET
3 1 (2.38%) Web Services
3 1 (2.38%) XML
3 1 (2.38%) XSLT
3 1 (2.38%) Spring
Miscellaneous
1 12 (28.57%) Credit Risk
2 10 (23.81%) Mathematics
3 9 (21.43%) Derivative
4 7 (16.67%) Grid Computing
5 6 (14.29%) Foreign Exchange (FX)
6 5 (11.90%) Computer Science
6 5 (11.90%) Market Risk
7 3 (7.14%) Physics
7 3 (7.14%) Fixed Income
8 2 (4.76%) Economics
8 2 (4.76%) Swaptions
8 2 (4.76%) Interest Rate Derivative
8 2 (4.76%) Equity Derivative
9 1 (2.38%) Energy Derivatives
9 1 (2.38%) Statistics
9 1 (2.38%) Applied Mathematics
9 1 (2.38%) Hybrid Derivative
9 1 (2.38%) Equities
9 1 (2.38%) Credit Derivative
9 1 (2.38%) Client/Server
Operating Systems
1 7 (16.67%) Windows
2 5 (11.90%) Linux
3 1 (2.38%) Windows XP
3 1 (2.38%) Windows Server 2003
Processes & Methodologies
1 11 (26.19%) Analytics
2 7 (16.67%) Risk Management
3 4 (9.52%) Validation
3 4 (9.52%) User Acceptance Testing
4 3 (7.14%) MODAF
4 3 (7.14%) OO
4 3 (7.14%) Quantitative Risk Management
5 2 (4.76%) Continuous Improvement
5 2 (4.76%) Greeks
5 2 (4.76%) Probability Theory
5 2 (4.76%) Risk Analytics
5 2 (4.76%) OOP
5 2 (4.76%) SOA
5 2 (4.76%) Workflow
5 2 (4.76%) Stakeholder Management
5 2 (4.76%) Agile Software Development
5 2 (4.76%) TDD
5 2 (4.76%) Business Analysis
5 2 (4.76%) Statistical Analysis
5 2 (4.76%) Asset Management
Programming Languages
1 23 (54.76%) C++
2 17 (40.48%) C#
3 10 (23.81%) Java
4 8 (19.05%) VBA
5 7 (16.67%) SQL
6 6 (14.29%) Python
7 5 (11.90%) Perl
8 2 (4.76%) R
9 1 (2.38%) C
9 1 (2.38%) MATLAB
9 1 (2.38%) PowerShell
9 1 (2.38%) Scala
Qualifications
1 6 (14.29%) PhD
2 2 (4.76%) MBA
2 2 (4.76%) Degree
2 2 (4.76%) SC Cleared
2 2 (4.76%) Security Cleared
3 1 (2.38%) BC Cleared
Quality Assurance & Compliance
1 2 (4.76%) QA
1 2 (4.76%) Basel III
1 2 (4.76%) Dodd-Frank
2 1 (2.38%) Basel II
Vendors
1 2 (4.76%) Microsoft
1 2 (4.76%) DataSynapse
2 1 (2.38%) Murex
2 1 (2.38%) Calypso
2 1 (2.38%) TIBCO
2 1 (2.38%) Perforce
2 1 (2.38%) Sophis
City of London
Orgtel
Rate: £550 - £650 per day
Posted: Yesterday