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 26 January 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
26 Jan 2015
Same period 2014 Same period 2013
Monte Carlo Method
Rank 553 528 507
Rank change year-on-year
-25 -21
Contract jobs citing Monte Carlo Method 24 33 20
As % of all contract IT jobs located in the UK 0.047% 0.068% 0.044%
As % of the Processes & Methodologies category 0.063% 0.091% 0.061%
Number of daily rates quoted 21 30 17
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£575 £600 £440
Average daily rate % change year-on-year
-4.16% +36.36%
90% offered a daily rate of more than £440 £584 £350
10% offered a daily rate of more than £725 £633 £600
UK excluding London average daily rate £1,000 - £350
Number of hourly rates quoted 0 1 0
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
38219 36146 32687
As % of all contract IT jobs located in the UK 75.29% 74.26% 71.95%
Number of daily rates quoted 24558 22025 19397
Average daily rate £423 £400 £400
Average daily rate % change year-on-year
+5.62% -
90% offered a daily rate of more than £285 £271 £270
10% offered a daily rate of more than £575 £575 £575
UK excluding London average daily rate £398 £375 £363
% change year-on-year
+6.00% +3.44%
Number of hourly rates quoted 1002 1117 1319
Average hourly rate £25.00 £26.50 £30.00
Average hourly rate % change year-on-year
-5.66% -11.66%
90% offered a hourly rate of more than £12.00 £12.00 £12.00
10% offered a hourly rate of more than £47.50 £45.00 £45.00
UK excluding London average hourly rate £25.25 £27.00 £31.50
% change year-on-year
-6.48% -14.28%

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 26 January 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 26 January 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 -36 23 £575 -4.16% 12
London -7 21 £550 -8.33% 11
City of London -4 9 £475 -20.83% 6
North West - - - - 1
East of England - - - -
Northern Ireland - - - - 1
Wilmslow - - - - 1
Cheshire - - - - 1
Hertfordshire - - - -
County Armagh - - - - 1

Monte Carlo Method
Top 30 Related IT Skills

For the 6 months to 26 January 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 23 (52.27%) C++
2 17 (38.64%) Finance
3 16 (36.36%) Risk Management
4 15 (34.09%) SQL
5 14 (31.82%) Banking
6 13 (29.55%) C#
7 12 (27.27%) Mathematics
7 12 (27.27%) Credit Risk
7 12 (27.27%) Analytics
8 11 (25.00%) Market Risk
8 11 (25.00%) Investment Banking
8 11 (25.00%) OO
9 10 (22.73%) Front Office
9 10 (22.73%) Computer Science
10 9 (20.45%) Physics
10 9 (20.45%) Degree
11 8 (18.18%) Agile Software Development
11 8 (18.18%) Python
12 7 (15.91%) Java
12 7 (15.91%) .NET
13 6 (13.64%) Derivative
14 5 (11.36%) Test Automation
14 5 (11.36%) ANTLR
14 5 (11.36%) Software Architecture
14 5 (11.36%) yacc
14 5 (11.36%) Statistics
14 5 (11.36%) MS Excel
14 5 (11.36%) PhD
14 5 (11.36%) VBA
14 5 (11.36%) Regression Testing

Monte Carlo Method
Top Related IT Skills by Category

For the 6 months to 26 January 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 3 (6.82%) GlassFish
2 2 (4.55%) JBoss
3 1 (2.27%) Oracle Coherence
3 1 (2.27%) WebLogic
Applications
1 5 (11.36%) MS Excel
2 4 (9.09%) MS Office
3 1 (2.27%) MS Visio
Business Applications
1 1 (2.27%) Summit
Communications & Networking
1 1 (2.27%) GSM
1 1 (2.27%) UMTS
1 1 (2.27%) MIMO
1 1 (2.27%) LTE
1 1 (2.27%) AMQP
1 1 (2.27%) Radio Access Network
Database & Business Intelligence
1 3 (6.82%) MySQL
2 2 (4.55%) NoSQL
2 2 (4.55%) Big Data
3 1 (2.27%) Hazelcast
3 1 (2.27%) Relational Database
3 1 (2.27%) SQL Server
3 1 (2.27%) Hadoop
Development Applications
1 5 (11.36%) yacc
1 5 (11.36%) ANTLR
2 3 (6.82%) Subversion
2 3 (6.82%) NetBeans
3 2 (4.55%) NUnit
3 2 (4.55%) JUnit
4 1 (2.27%) ClearCase
4 1 (2.27%) CruiseControl
4 1 (2.27%) Maven
4 1 (2.27%) Team Foundation Server
4 1 (2.27%) Moq
4 1 (2.27%) Mockito
4 1 (2.27%) Apache Ivy
General
1 17 (38.64%) Finance
2 14 (31.82%) Banking
3 11 (25.00%) Investment Banking
4 10 (22.73%) Front Office
5 3 (6.82%) Military
6 1 (2.27%) Back Office
6 1 (2.27%) Telecoms
6 1 (2.27%) Games
6 1 (2.27%) French Language
6 1 (2.27%) German Language
6 1 (2.27%) Italian Language
Job Titles
1 26 (59.09%) Developer
2 14 (31.82%) Quantitative Developer
3 11 (25.00%) Analyst
4 7 (15.91%) C++ Developer
5 6 (13.64%) C++ Quantitative Developer
6 4 (9.09%) Java Developer
6 4 (9.09%) Credit Risk Analyst
6 4 (9.09%) Market Risk Analyst
6 4 (9.09%) Test Analyst
6 4 (9.09%) Business Analyst
7 3 (6.82%) Senior Analyst
7 3 (6.82%) C# Developer
7 3 (6.82%) Senior Test Analyst
8 2 (4.55%) Credit Analyst
8 2 (4.55%) Quantitative Analyst
8 2 (4.55%) Credit Risk Business Analyst
8 2 (4.55%) Risk Analyst
8 2 (4.55%) Lead Developer
8 2 (4.55%) Consultant
8 2 (4.55%) Market Risk Business Analyst
Libraries, Frameworks & Software Standards
1 7 (15.91%) .NET
2 3 (6.82%) WPF
3 2 (4.55%) Boost C++ Libraries
3 2 (4.55%) HTML5
3 2 (4.55%) Spring
3 2 (4.55%) J2EE
3 2 (4.55%) COM
3 2 (4.55%) STL
3 2 (4.55%) Web Services
3 2 (4.55%) HTML
4 1 (2.27%) XML
4 1 (2.27%) WCF
Miscellaneous
1 12 (27.27%) Mathematics
1 12 (27.27%) Credit Risk
2 11 (25.00%) Market Risk
3 10 (22.73%) Computer Science
4 9 (20.45%) Physics
5 6 (13.64%) Derivative
6 5 (11.36%) Statistics
7 4 (9.09%) Analytical Skills
7 4 (9.09%) Grid Computing
8 3 (6.82%) Foreign Exchange (FX)
8 3 (6.82%) Algorithms
9 2 (4.55%) Biometrics
9 2 (4.55%) Fixed Income
9 2 (4.55%) Economics
9 2 (4.55%) Reference Data
10 1 (2.27%) Data Structures
10 1 (2.27%) Exotic Derivative
10 1 (2.27%) Equity Derivative
10 1 (2.27%) Equities
10 1 (2.27%) Neural Network
Operating Systems
1 3 (6.82%) Windows
2 2 (4.55%) Linux
2 2 (4.55%) UNIX
Processes & Methodologies
1 16 (36.36%) Risk Management
2 12 (27.27%) Analytics
3 11 (25.00%) OO
4 8 (18.18%) Agile Software Development
5 5 (11.36%) Validation
5 5 (11.36%) Regression Testing
5 5 (11.36%) Software Architecture
5 5 (11.36%) Test Automation
6 4 (9.09%) Scrum
6 4 (9.09%) Markov Chain
6 4 (9.09%) Risk Analysis
7 3 (6.82%) OOP
7 3 (6.82%) Project Management
7 3 (6.82%) Risk Analytics
7 3 (6.82%) Risk Assessment
7 3 (6.82%) Low Latency
7 3 (6.82%) Bayesian Methods
8 2 (4.55%) Greeks
8 2 (4.55%) Statistical Modelling
8 2 (4.55%) Dependency Injection
Programming Languages
1 23 (52.27%) C++
2 15 (34.09%) SQL
3 13 (29.55%) C#
4 8 (18.18%) Python
5 7 (15.91%) Java
6 5 (11.36%) VBA
7 4 (9.09%) C
8 3 (6.82%) Bash Shell
9 2 (4.55%) R
9 2 (4.55%) Perl
9 2 (4.55%) MATLAB
10 1 (2.27%) Scala
10 1 (2.27%) VBScript
10 1 (2.27%) VB
Qualifications
1 9 (20.45%) Degree
2 5 (11.36%) PhD
3 3 (6.82%) Security Cleared
4 2 (4.55%) SC Cleared
5 1 (2.27%) CTC Cleared
5 1 (2.27%) ISTQB
5 1 (2.27%) ISTQB Foundation Certification
Quality Assurance & Compliance
1 1 (2.27%) Basel III
System Software
1 2 (4.55%) Platform Symphony
1 2 (4.55%) GridGain
Systems Management
1 1 (2.27%) HP Quality Center
Vendors
1 3 (6.82%) DataSynapse
2 2 (4.55%) Oracle
2 2 (4.55%) Microsoft
3 1 (2.27%) Misys
3 1 (2.27%) Huawei
3 1 (2.27%) Sybase
City, London
Harvey Nash plc
Rate: £450 - £500 per day
Posted: 4 hours ago
City, London
Montash
Rate: £600 - £750 per day + negotiable
Posted: 5 days ago
London
Venn Group - UK
Rate: 450-500 Per Day
Posted: 11 days ago
London
Real Staffing
Rate: £501 - £650 per day + competitive
Posted: 17 days ago