The first table below looks at the demand 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 28 July 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Processes & Methodologies category.

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
28 Jul 2014
Same period 2013 Same period 2012
Monte Carlo Method
Rank 587 511 524
Rank change year-on-year
-76 +13
Contract jobs citing Monte Carlo Method 17 54 59
As % of all contract IT jobs located in the UK 0.031% 0.11% 0.10%
As % of the Processes & Methodologies category 0.042% 0.14% 0.14%
Number of daily rates quoted 14 38 43
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 £375 - -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Processes & Methodologies Category
UK
Contract IT job ads with a match in the
Processes & Methodologies category
40489 37285 40846
As % of all contract IT jobs located in the UK 74.06% 72.95% 70.50%
Number of daily rates quoted 25068 22600 23485
Average daily rate £400 £405 £400
Average daily rate % change year-on-year
-1.23% +1.25%
90% offered a daily rate of more than £275 £270 £268
10% offered a daily rate of more than £560 £575 £575
UK excluding London average daily rate £375 £375 £363
% change year-on-year
- +3.44%
Number of hourly rates quoted 1169 1070 1445
Average hourly rate £24.50 £30.00 £31.00
Average hourly rate % change year-on-year
-18.33% -3.22%
90% offered a hourly rate of more than £12.50 £12.50 £13.28
10% offered a hourly rate of more than £48.00 £48.84 £46.70
UK excluding London average hourly rate £26.50 £31.00 £32.00
% change year-on-year
-14.51% -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 28 July 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 28 July 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 -44 17 £600 +9.09% 11
London -28 13 £625 +13.63% 7
City of London +7 4 £675 +22.72% 3
South East - 3 £375 -
Canary Wharf - - - -
East of England - - - - 1
North West - - - - 3
Cambridge - - - - 1
Horsham - - - -
Wilmslow - - - - 2
Cambridgeshire - - - - 1
Cheshire - - - - 3
West Sussex - - - -

Monte Carlo Method
Top 30 Related IT Skills

For the 6 months to 28 July 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 28 (54.90%) C++
2 21 (41.18%) Banking
3 20 (39.22%) Credit Risk
4 19 (37.25%) Finance
5 14 (27.45%) Investment Banking
5 14 (27.45%) Derivative
5 14 (27.45%) Front Office
5 14 (27.45%) C#
6 12 (23.53%) Risk Management
6 12 (23.53%) Analytics
7 11 (21.57%) VBA
8 10 (19.61%) Mathematics
8 10 (19.61%) Java
8 10 (19.61%) Foreign Exchange (FX)
8 10 (19.61%) Grid Computing
9 8 (15.69%) SQL
9 8 (15.69%) Windows
10 7 (13.73%) PhD
10 7 (13.73%) Python
10 7 (13.73%) .NET
10 7 (13.73%) Fixed Income
10 7 (13.73%) Equities
10 7 (13.73%) Market Risk
10 7 (13.73%) Stress Testing
11 6 (11.76%) Computer Science
11 6 (11.76%) Perl
11 6 (11.76%) STL
11 6 (11.76%) User Acceptance Testing
12 5 (9.80%) MS Office
12 5 (9.80%) Linux

Monte Carlo Method
Top Related IT Skills by Category

For the 6 months to 28 July 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 (3.92%) Oracle Coherence
Applications
1 5 (9.80%) MS Office
2 3 (5.88%) MS Excel
Business Applications
1 1 (1.96%) Summit
Database & Business Intelligence
1 4 (7.84%) SQL Server
2 2 (3.92%) SQL Server 2008
3 1 (1.96%) Big Data
3 1 (1.96%) Hazelcast
3 1 (1.96%) Data Warehouse
3 1 (1.96%) SQL Server 2005
3 1 (1.96%) SQL Server Integration Services
Development Applications
1 1 (1.96%) JUnit
1 1 (1.96%) Maven
1 1 (1.96%) Team Foundation Server
1 1 (1.96%) Rational DOORS
1 1 (1.96%) SpecFlow
1 1 (1.96%) Gradle
General
1 21 (41.18%) Banking
2 19 (37.25%) Finance
3 14 (27.45%) Investment Banking
3 14 (27.45%) Front Office
4 2 (3.92%) Military
Job Titles
1 26 (50.98%) Developer
2 18 (35.29%) Analyst
3 17 (33.33%) Quantitative Developer
4 11 (21.57%) C++ Developer
5 10 (19.61%) Business Analyst
6 8 (15.69%) C++ Quantitative Developer
7 5 (9.80%) Senior Analyst
7 5 (9.80%) Quantitative Analyst
7 5 (9.80%) Credit Risk Business Analyst
7 5 (9.80%) Risk Analyst
7 5 (9.80%) Credit Risk Analyst
8 3 (5.88%) Senior Quantitative Analyst
8 3 (5.88%) Agile Business Analyst
8 3 (5.88%) IT Business Analyst
9 2 (3.92%) Banking Business Analyst
9 2 (3.92%) Requirements Analyst
9 2 (3.92%) Market Risk Business Analyst
9 2 (3.92%) Investment Banking Business Analyst
9 2 (3.92%) Senior Business Analyst
9 2 (3.92%) Market Risk Analyst
Libraries, Frameworks & Software Standards
1 7 (13.73%) .NET
2 6 (11.76%) STL
3 3 (5.88%) WPF
4 2 (3.92%) WCF
4 2 (3.92%) Boost C++ Libraries
4 2 (3.92%) ADO.NET Entity Framework
4 2 (3.92%) .NET Framework
5 1 (1.96%) Microsoft Enterprise Library
5 1 (1.96%) ASP.NET
5 1 (1.96%) Web Services
5 1 (1.96%) XML
5 1 (1.96%) XSLT
5 1 (1.96%) Spring
5 1 (1.96%) Restlet
5 1 (1.96%) HTML5
5 1 (1.96%) HTML
5 1 (1.96%) jQuery
Miscellaneous
1 20 (39.22%) Credit Risk
2 14 (27.45%) Derivative
3 10 (19.61%) Mathematics
3 10 (19.61%) Foreign Exchange (FX)
3 10 (19.61%) Grid Computing
4 7 (13.73%) Equities
4 7 (13.73%) Fixed Income
4 7 (13.73%) Market Risk
5 6 (11.76%) Computer Science
6 3 (5.88%) CUDA
6 3 (5.88%) Physics
7 2 (3.92%) Swaptions
7 2 (3.92%) Interest Rate Derivative
7 2 (3.92%) Equity Derivative
7 2 (3.92%) Management Information System
7 2 (3.92%) Economics
8 1 (1.96%) Hybrid Derivative
8 1 (1.96%) Credit Derivative
8 1 (1.96%) Client/Server
8 1 (1.96%) Energy Derivatives
Operating Systems
1 8 (15.69%) Windows
2 5 (9.80%) Linux
3 1 (1.96%) Windows XP
3 1 (1.96%) Windows Server 2003
Processes & Methodologies
1 12 (23.53%) Risk Management
1 12 (23.53%) Analytics
2 7 (13.73%) Stress Testing
3 6 (11.76%) User Acceptance Testing
4 5 (9.80%) Validation
4 5 (9.80%) Agile Software Development
5 4 (7.84%) OOA/OOD
6 3 (5.88%) MODAF
6 3 (5.88%) Quantitative Risk Management
7 2 (3.92%) Risk Analytics
7 2 (3.92%) User Stories
7 2 (3.92%) Continuous Improvement
7 2 (3.92%) Refactoring
7 2 (3.92%) Asset Management
7 2 (3.92%) Business Analysis
7 2 (3.92%) Statistical Analysis
7 2 (3.92%) Multithreading
7 2 (3.92%) Greeks
7 2 (3.92%) SOA
7 2 (3.92%) Project Management
Programming Languages
1 28 (54.90%) C++
2 14 (27.45%) C#
3 11 (21.57%) VBA
4 10 (19.61%) Java
5 8 (15.69%) SQL
6 7 (13.73%) Python
7 6 (11.76%) Perl
8 2 (3.92%) C
8 2 (3.92%) Scala
8 2 (3.92%) R
9 1 (1.96%) MATLAB
9 1 (1.96%) PowerShell
Qualifications
1 7 (13.73%) PhD
2 2 (3.92%) MBA
2 2 (3.92%) Degree
2 2 (3.92%) SC Cleared
2 2 (3.92%) Security Cleared
3 1 (1.96%) BC Cleared
Quality Assurance & Compliance
1 2 (3.92%) QA
1 2 (3.92%) Basel III
1 2 (3.92%) Dodd-Frank
2 1 (1.96%) Basel II
Vendors
1 3 (5.88%) Microsoft
2 2 (3.92%) DataSynapse
3 1 (1.96%) Murex
3 1 (1.96%) Calypso
3 1 (1.96%) TIBCO
3 1 (1.96%) Perforce
3 1 (1.96%) Sophis