Period
to 19 November 2017

The following table provides summary statistics for contract job vacancies advertised in the City of London with a requirement for Monte Carlo Method skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Monte Carlo Method over the 6 months to 19 November 2017 with a comparison to the same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Monte Carlo Simulation
Central London > City of London
6 months to
19 Nov 2017
Same period 2016 Same period 2015
Rank 234 247 260
Rank change year-on-year +13 +13 +36
Contract jobs citing Monte Carlo Method 6 6 11
As % of all contract IT jobs advertised in the City of London 0.085% 0.090% 0.12%
As % of the Processes & Methodologies category 0.097% 0.10% 0.14%
Number of daily rates quoted 3 6 10
City of London median daily rate £600 £538 £600
Median daily rate % change year-on-year +11.63% -10.42% -7.69%
10th Percentile £507 £519 £454
90th Percentile £925 £589 £721
Central London median daily rate £588 £538 £600
% change year-on-year +9.30% -10.42% -7.69%
Number of hourly rates quoted 0 0 0
City of London median hourly rate - - -
Central London median hourly rate - - -

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 contract job vacancies advertised in the City of London with a requirement for process or methodology skills.

All Process and Methodology Skills
City of London
Contract vacancies with a requirement for process or methodology skills 6210 5816 7704
As % of all contract IT jobs advertised in the City of London 88.39% 87.43% 83.88%
Number of daily rates quoted 4932 4656 6127
City of London median daily rate £513 £475 £463
Median daily rate % change year-on-year +7.89% +2.70% +2.78%
10th Percentile £325 £313 £288
90th Percentile £688 £664 £650
Central London median daily rate £500 £475 £451
% change year-on-year +5.26% +5.44% +0.67%
Number of hourly rates quoted 59 53 73
City of London median hourly rate £20.00 £20.00 £21.00
Median hourly rate % change year-on-year - -4.76% +10.53%
10th Percentile £13.34 £13.75 £10.87
90th Percentile £30.90 £54.03 £40.00
Central London median hourly rate £20.25 £19.46 £20.50
% change year-on-year +4.06% -5.07% +13.92%

Monte Carlo Method
Job Vacancy Trend in the City of London

Job postings citing Monte Carlo Method as a percentage of all IT jobs advertised in the City of London.

Job vacancy trend for Monte Carlo Method in the City of London

Monte Carlo Method
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Monte Carlo Method in the City of London.

Contractor daily rate trend for Monte Carlo Method in the City of London

Monte Carlo Method
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Monte Carlo Method in the City of London over the 6 months to 19 November 2017.

Contractor daily rate histogram for Monte Carlo Method in the City of London

For the 6 months to 19 November 2017, 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 across the City of London region with a requirement for Monte Carlo Method.

1 5 (83.33%) Front Office
1 5 (83.33%) Finance
2 4 (66.67%) Risk Management
2 4 (66.67%) Mathematics
3 3 (50.00%) Continuous Improvement
3 3 (50.00%) Foreign Exchange (FX)
3 3 (50.00%) C++
3 3 (50.00%) TDD
4 2 (33.33%) Fixed Income
4 2 (33.33%) Banking
4 2 (33.33%) Subversion
4 2 (33.33%) Economics
4 2 (33.33%) Quantitative Finance
4 2 (33.33%) Line Management
4 2 (33.33%) Coaching
4 2 (33.33%) Algorithms
4 2 (33.33%) Derivative
4 2 (33.33%) JIRA
4 2 (33.33%) CUDA
4 2 (33.33%) C#
5 1 (16.67%) MVVM
5 1 (16.67%) REST
5 1 (16.67%) Refactoring
5 1 (16.67%) Equity Derivative
5 1 (16.67%) Statistics
5 1 (16.67%) Computer Science
5 1 (16.67%) WCF
5 1 (16.67%) WPF
5 1 (16.67%) Swaptions
5 1 (16.67%) Credit Risk

Monte Carlo Method
Co-occurring IT Skills in the City of London 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:

Database & Business Intelligence
1 1 (16.67%) SQL Server
Development Applications
1 2 (33.33%) JIRA
1 2 (33.33%) Subversion
General
1 5 (83.33%) Finance
1 5 (83.33%) Front Office
2 2 (33.33%) Banking
3 1 (16.67%) Investment Banking
Job Titles
1 3 (50.00%) Analyst
1 3 (50.00%) Qualitative Analyst
1 3 (50.00%) Quantitative Analyst
2 1 (16.67%) .NET Developer
2 1 (16.67%) Business Analyst
2 1 (16.67%) C# .NET Developer
2 1 (16.67%) C# Developer
2 1 (16.67%) C# WCF Developer
2 1 (16.67%) C# WPF Developer
2 1 (16.67%) Credit Risk Business Analyst
2 1 (16.67%) Credit Risk Manager
2 1 (16.67%) Credit Risk Project Manager
2 1 (16.67%) Developer
2 1 (16.67%) Project Manager
2 1 (16.67%) Risk Business Analyst
2 1 (16.67%) Risk Manager
2 1 (16.67%) Risk Project Manager
2 1 (16.67%) SQL Developer
2 1 (16.67%) WCF Developer
2 1 (16.67%) WPF Developer
Libraries, Frameworks & Software Standards
1 1 (16.67%) .NET
1 1 (16.67%) REST
1 1 (16.67%) WCF
1 1 (16.67%) WPF
Miscellaneous
1 3 (50.00%) Foreign Exchange (FX)
2 2 (33.33%) Algorithms
2 2 (33.33%) CUDA
2 2 (33.33%) Derivative
2 2 (33.33%) Fixed Income
3 1 (16.67%) Computer Science
3 1 (16.67%) Credit Risk
3 1 (16.67%) Equities
3 1 (16.67%) Equity Derivative
3 1 (16.67%) Exotic Derivative
3 1 (16.67%) Management Information System
3 1 (16.67%) Market Risk
3 1 (16.67%) Swaptions
Operating Systems
1 1 (16.67%) Windows
Processes & Methodologies
1 4 (66.67%) Mathematics
1 4 (66.67%) Risk Management
2 3 (50.00%) Continuous Improvement
2 3 (50.00%) TDD
3 2 (33.33%) Coaching
3 2 (33.33%) Economics
3 2 (33.33%) Line Management
3 2 (33.33%) Quantitative Finance
4 1 (16.67%) Business Transformation
4 1 (16.67%) Continuous Integration
4 1 (16.67%) Creative Problem-Solving
4 1 (16.67%) MVVM
4 1 (16.67%) Refactoring
4 1 (16.67%) Runbook
4 1 (16.67%) Software Engineering
4 1 (16.67%) Statistical Modelling
4 1 (16.67%) Statistics
4 1 (16.67%) Stochastic Calculus
4 1 (16.67%) Test Strategy
4 1 (16.67%) Unit Testing
Programming Languages
1 3 (50.00%) C++
2 2 (33.33%) C#
3 1 (16.67%) SQL
Vendors
1 1 (16.67%) Infragistics
1 1 (16.67%) Murex