Monte Carlo Simulation
UK

The following table provides summary statistics for permanent job vacancies with a requirement for Monte Carlo Method skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Monte Carlo Method over the 6 months to 9 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
9 May 2024
Same period 2023 Same period 2022
Rank 871 943 1151
Rank change year-on-year +72 +208 -257
Permanent jobs citing Monte Carlo Method 31 29 78
As % of all permanent jobs advertised in the UK 0.031% 0.029% 0.050%
As % of the Processes & Methodologies category 0.037% 0.030% 0.052%
Number of salaries quoted 22 15 36
10th Percentile £39,000 - £42,500
25th Percentile £55,000 £40,371 £102,500
Median annual salary (50th Percentile) £70,000 £65,000 £120,000
Median % change year-on-year +7.69% -45.83% +4.35%
75th Percentile £86,250 £82,500 £132,500
90th Percentile £106,625 - -
UK excluding London median annual salary £55,000 £54,673 £52,500
% change year-on-year +0.60% +4.14% -

All Process and Methodology Skills
UK

Monte Carlo Method is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all permanent job vacancies with a requirement for process or methodology skills.

Permanent vacancies with a requirement for process or methodology skills 84,809 96,894 150,102
As % of all permanent jobs advertised in the UK 85.57% 95.61% 95.67%
Number of salaries quoted 59,843 56,945 82,179
10th Percentile £29,000 £34,000 £33,500
25th Percentile £40,000 £45,000 £43,750
Median annual salary (50th Percentile) £55,000 £61,180 £60,000
Median % change year-on-year -10.10% +1.97% +9.09%
75th Percentile £72,500 £81,250 £80,000
90th Percentile £92,500 £100,000 £96,550
UK excluding London median annual salary £50,000 £55,000 £52,500
% change year-on-year -9.09% +4.76% +9.38%

Monte Carlo Method
Job Vacancy Trend

Job postings citing Monte Carlo Method as a proportion of all IT jobs advertised.

Job vacancy trend for Monte Carlo Method in the UK

Monte Carlo Method
Salary Trend

3-month moving average salary quoted in jobs citing Monte Carlo Method.

Salary trend for Monte Carlo Method in the UK

Monte Carlo Method
Salary Histogram

Salary distribution for jobs citing Monte Carlo Method over the 6 months to 9 May 2024.

Salary histogram for Monte Carlo Method in the UK

Monte Carlo Method
Top 6 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Monte Carlo Method within the UK over the 6 months to 9 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Jobs
England +102 31 £70,000 +7.69% 18
UK excluding London +5 23 £55,000 +0.60% 5
South East +15 16 £70,000 - 3
London +107 8 £101,250 - 12
Work from Home +70 8 £55,000 -26.67% 14
South West -23 7 £55,000 -26.67%

Monte Carlo Method
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 4 (12.90%) Simulink
1 4 (12.90%) Stateflow
Cloud Services
1 4 (12.90%) Amazon Cognito
1 4 (12.90%) Amazon SQS
1 4 (12.90%) AWS
1 4 (12.90%) AWS Lambda
1 4 (12.90%) Boomi
1 4 (12.90%) Datadog
1 4 (12.90%) dbt
1 4 (12.90%) Fivetran
1 4 (12.90%) Prefect
1 4 (12.90%) Serverless
1 4 (12.90%) Snowflake
Database & Business Intelligence
1 4 (12.90%) Parquet
1 4 (12.90%) PostgreSQL
2 2 (6.45%) Elasticsearch
3 1 (3.23%) Big Data
Development Applications
1 11 (35.48%) GitLab
1 11 (35.48%) Visual Studio
2 1 (3.23%) GDB
General
1 5 (16.13%) Finance
2 4 (12.90%) Games
3 1 (3.23%) Analytical Skills
3 1 (3.23%) Financial Institution
3 1 (3.23%) Front Office
Job Titles
1 11 (35.48%) Architect
1 11 (35.48%) Software Architect
2 6 (19.35%) Developer
3 4 (12.90%) Machine Learning Developer
4 3 (9.68%) Risk Manager
4 3 (9.68%) Senior
5 2 (6.45%) Analyst
5 2 (6.45%) Data Manager
5 2 (6.45%) Operations Manager
5 2 (6.45%) Qualitative Analyst
5 2 (6.45%) Quantitative Analyst
6 1 (3.23%) Analytics Developer
6 1 (3.23%) Consultant
6 1 (3.23%) DataOps Leader
6 1 (3.23%) Lead
6 1 (3.23%) Risk Analyst
6 1 (3.23%) Risk Analytics Developer
6 1 (3.23%) Senior Analyst
6 1 (3.23%) Senior Consultant
6 1 (3.23%) Senior Developer
Libraries, Frameworks & Software Standards
1 4 (12.90%) JSON
1 4 (12.90%) PyTorch
1 4 (12.90%) RESTful
1 4 (12.90%) TensorFlow
2 1 (3.23%) Boost C++ Libraries
2 1 (3.23%) STL
Miscellaneous
1 10 (32.26%) Algorithms
2 4 (12.90%) Robotics
3 3 (9.68%) Derivative
4 1 (3.23%) Credit Risk
4 1 (3.23%) Fixed Income
4 1 (3.23%) Foreign Exchange (FX)
4 1 (3.23%) Hedge funds
Processes & Methodologies
1 17 (54.84%) Physics
2 16 (51.61%) Computer Science
3 15 (48.39%) Agile
4 12 (38.71%) Mathematics
5 11 (35.48%) Software Testing
6 10 (32.26%) Validation
7 9 (29.03%) Artificial Intelligence
7 9 (29.03%) Machine Learning
8 5 (16.13%) Data Analysis
8 5 (16.13%) Model Validation
8 5 (16.13%) Signal Processing
9 4 (12.90%) Algorithmic Trading
9 4 (12.90%) CI/CD
9 4 (12.90%) DataOps
9 4 (12.90%) Neural Network
9 4 (12.90%) Observability
9 4 (12.90%) Pattern Recognition
9 4 (12.90%) Risk Analysis
9 4 (12.90%) Risk Management
9 4 (12.90%) Sensor Fusion
Programming Languages
1 22 (70.97%) Python
2 16 (51.61%) Fortran
3 15 (48.39%) C++
4 13 (41.94%) C#
5 11 (35.48%) SQL
6 9 (29.03%) MATLAB
7 4 (12.90%) Scala
8 1 (3.23%) C
Qualifications
1 23 (74.19%) Security Cleared
2 22 (70.97%) Degree
3 4 (12.90%) BPSS Clearance
3 4 (12.90%) PhD
4 3 (9.68%) SC Cleared
5 1 (3.23%) Master's Degree
Quality Assurance & Compliance
1 1 (3.23%) MiFID
Vendors
1 16 (51.61%) Microsoft
2 4 (12.90%) Dataiku
2 4 (12.90%) OpenAI