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 29 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
29 Jul 2016
Same period 2015 Same period 2014
Monte Carlo Method
Rank 640 626 616
Rank change year-on-year
-14 -10
Contract jobs citing Monte Carlo Method 21 23 17
As % of all contract IT jobs located in the UK 0.039% 0.040% 0.031%
As % of the Processes & Methodologies category 0.047% 0.050% 0.040%
Number of daily rates quoted 13 14 14
Median daily rate £610 £600 £600
Median daily rate % change year-on-year
+1.66% -
90% offered a daily rate of more than £470 £480 £413
10% offered a daily rate of more than £650 £685 £743
UK excluding London median daily rate £481 £450 £375
% change year-on-year
+6.94% +20.00%
Number of hourly rates quoted 0 2 0
Median hourly rate - £41.25 -
UK excluding London median hourly rate - £41.25 -

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
44570 45659 42979
As % of all contract IT jobs located in the UK 82.76% 79.96% 78.53%
Number of daily rates quoted 29477 29618 26643
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 £280 £275
10% offered a daily rate of more than £600 £575 £563
UK excluding London median daily rate £400 £388 £375
% change year-on-year
+3.22% +3.33%
Number of hourly rates quoted 1040 1201 1204
Median hourly rate £28.50 £28.60 £25.00
Median hourly rate % change year-on-year
-0.33% +14.38%
90% offered a hourly rate of more than £12.50 £12.45 £13.00
10% offered a hourly rate of more than £52.16 £52.17 £47.50
UK excluding London median hourly rate £30.00 £30.00 £27.00
% change year-on-year
- +11.11%

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 29 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 8 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 29 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 -3 21 £610 +1.66% 7
London -2 16 £650 +8.33% 3
West Midlands - 3 £394 -
Warwickshire - 3 £394 -
South West - 2 £500 - 1
Warwick - 2 £394 -
City of London +43 1 £610 +10.90% 2
Romford - 1 - -

Monte Carlo Method
Top 30 Related IT Skills

For the 6 months to 29 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 28 (65.12%) Finance
2 23 (53.49%) Risk Management
3 21 (48.84%) C++
4 20 (46.51%) C#
5 16 (37.21%) Foreign Exchange (FX)
5 16 (37.21%) Analytical Skills
6 15 (34.88%) Quantitative Finance
6 15 (34.88%) Mathematics
6 15 (34.88%) SQL
6 15 (34.88%) Derivative
7 14 (32.56%) Python
7 14 (32.56%) Degree
8 13 (30.23%) QA
8 13 (30.23%) Credit Risk
9 12 (27.91%) Java
9 12 (27.91%) Agile Software Development
9 12 (27.91%) Front Office
10 11 (25.58%) Credit Derivative
10 11 (25.58%) Business Analysis
11 10 (23.26%) Fixed Income
11 10 (23.26%) VBA
11 10 (23.26%) Market Risk
11 10 (23.26%) Analytics
11 10 (23.26%) SDLC
12 9 (20.93%) PhD
12 9 (20.93%) Grid Computing
13 8 (18.60%) Data Analysis
13 8 (18.60%) Performance Optimisation
14 7 (16.28%) Algorithms
14 7 (16.28%) Risk Analytics

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 (2.33%) ArcGIS
1 1 (2.33%) SharePoint
Applications
1 4 (9.30%) MS Excel
2 3 (6.98%) SPSS
3 1 (2.33%) MS Office
3 1 (2.33%) MS PowerPoint
3 1 (2.33%) MS Visio
Database & Business Intelligence
1 3 (6.98%) Big Data
Development Applications
1 1 (2.33%) FitNesse
1 1 (2.33%) SpecFlow
General
1 28 (65.12%) Finance
2 12 (27.91%) Front Office
3 5 (11.63%) Banking
4 4 (9.30%) Investment Banking
5 1 (2.33%) Marketing
Job Titles
1 26 (60.47%) Analyst
2 17 (39.53%) Risk Analyst
3 10 (23.26%) Business Analyst
3 10 (23.26%) Risk Business Analyst
4 9 (20.93%) Qualitative Analyst
4 9 (20.93%) Quantitative Analyst
5 7 (16.28%) Credit Analyst
5 7 (16.28%) Credit Risk Analyst
5 7 (16.28%) Credit Risk Business Analyst
6 6 (13.95%) Credit Risk Manager
6 6 (13.95%) Quantitative Risk Analyst
6 6 (13.95%) Quantitative Risk Manager
6 6 (13.95%) Risk Manager
7 5 (11.63%) Data Analyst
8 4 (9.30%) Developer
9 3 (6.98%) Data Scientist
9 3 (6.98%) Market Risk Analyst
9 3 (6.98%) Market Risk Business Analyst
10 2 (4.65%) Project Manager
10 2 (4.65%) Quantitative Developer
Libraries, Frameworks & Software Standards
1 1 (2.33%) .NET
1 1 (2.33%) Boost C++ Libraries
1 1 (2.33%) COM
1 1 (2.33%) STL
Miscellaneous
1 16 (37.21%) Analytical Skills
1 16 (37.21%) Foreign Exchange (FX)
2 15 (34.88%) Derivative
2 15 (34.88%) Mathematics
3 13 (30.23%) Credit Risk
4 11 (25.58%) Credit Derivative
5 10 (23.26%) Fixed Income
5 10 (23.26%) Market Risk
6 9 (20.93%) Grid Computing
7 7 (16.28%) Algorithms
8 6 (13.95%) Statistics
9 5 (11.63%) Economics
10 3 (6.98%) Computer Science
10 3 (6.98%) Data Structures
10 3 (6.98%) Neural Network
11 2 (4.65%) Equities
12 1 (2.33%) Social Network
12 1 (2.33%) Visualisation
Operating Systems
1 1 (2.33%) Unix
Processes & Methodologies
1 23 (53.49%) Risk Management
2 15 (34.88%) Quantitative Finance
3 12 (27.91%) Agile Software Development
4 11 (25.58%) Business Analysis
5 10 (23.26%) Analytics
5 10 (23.26%) SDLC
6 8 (18.60%) Data Analysis
6 8 (18.60%) Performance Optimisation
7 7 (16.28%) Risk Analytics
8 6 (13.95%) Risk Assessment
8 6 (13.95%) Validation
9 3 (6.98%) Machine Learning
9 3 (6.98%) Numerical Analysis
9 3 (6.98%) UML
9 3 (6.98%) Waterfall
10 2 (4.65%) Asset Management
10 2 (4.65%) Operations Research
11 1 (2.33%) Capacity Management
11 1 (2.33%) TDD
11 1 (2.33%) Use Case
Programming Languages
1 21 (48.84%) C++
2 20 (46.51%) C#
3 15 (34.88%) SQL
4 14 (32.56%) Python
5 12 (27.91%) Java
6 10 (23.26%) VBA
7 5 (11.63%) R
8 4 (9.30%) MATLAB
9 3 (6.98%) Lua
10 1 (2.33%) Haskell
10 1 (2.33%) Scala
10 1 (2.33%) VB
10 1 (2.33%) VC++
Qualifications
1 14 (32.56%) Degree
2 9 (20.93%) PhD
3 2 (4.65%) CFA
4 1 (2.33%) Security Cleared
Quality Assurance & Compliance
1 13 (30.23%) QA
Vendors
1 1 (2.33%) ESRI
1 1 (2.33%) Microsoft
1 1 (2.33%) SIMUL8
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