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 3 months to 29 March 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 Method
London / City of London
3 months to
29 Mar 2017
Same period 2016 Same period 2015
Rank 154 158 179
Rank change year-on-year +4 +21  
Contract jobs citing Monte Carlo Method 8 1 12
As % of all contract IT jobs advertised in the City of London 0.26% 0.030% 0.23%
As % of the Processes & Methodologies category 0.30% 0.034% 0.28%
Number of daily rates quoted 8 1 12
Median daily rate £615 £550 £550
Median daily rate % change year-on-year +11.81% -  
90% offered a daily rate of more than £611 £550 £475
10% offered a daily rate of more than £733 £550 £650
UK excluding London median daily rate £475 - -
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

Monte Carlo Method is in the process and methodology skills category. The next 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 and methodology skills.

Contract Process & Methodology Skills
City of London
Contract job vacancies with a requirement for process and methodology skills 2628 2969 4223
As % of all contract IT job vacancies advertised in the City of London 85.55% 87.71% 82.58%
Number of daily rates quoted 2060 2378 3263
Median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.55%  
90% offered a daily rate of more than £344 £325 £320
10% offered a daily rate of more than £625 £625 £625
UK excluding London median daily rate £410 £400 £396
% change year-on-year +2.50% +1.01%  
Number of hourly rates quoted 23 28 34
Median hourly rate £16.00 £20.00 £20.45
Median hourly rate % change year-on-year -20.00% -2.17%  
90% offered a hourly rate of more than £13.50 £13.00 £12.50
10% offered a hourly rate of more than £28.35 £47.50 £92.50
UK excluding London median hourly rate £35.75 £38.50 £30.00
% change year-on-year -7.14% +28.33%  

Monte Carlo Method
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London citing Monte Carlo Method as a proportion of all contract or permanent IT jobs with a match in the Processes & Methodologies category.

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 3 months to 29 March 2017.

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

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

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

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

For the 6 months to 29 March 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 9 (81.82%) Finance
2 8 (72.73%) Banking
2 8 (72.73%) Risk Management
3 6 (54.55%) Market Risk
4 5 (45.45%) C++
5 4 (36.36%) Front Office
5 4 (36.36%) Data Architecture
5 4 (36.36%) Analytics
6 3 (27.27%) CUDA
6 3 (27.27%) Mathematics
6 3 (27.27%) C#
6 3 (27.27%) Windows
7 2 (18.18%) .NET
7 2 (18.18%) SQL Server
7 2 (18.18%) MS Office
7 2 (18.18%) Business Intelligence
7 2 (18.18%) Agile Software Development
7 2 (18.18%) SQL Server Reporting Services
7 2 (18.18%) WPF
7 2 (18.18%) Credit Risk
7 2 (18.18%) Power BI
7 2 (18.18%) Quantitative Finance
8 1 (9.09%) Functional Testing
8 1 (9.09%) Jenkins
8 1 (9.09%) Algorithms
8 1 (9.09%) System Integration Testing
8 1 (9.09%) Defect Management
8 1 (9.09%) Physics
8 1 (9.09%) Chemistry
8 1 (9.09%) Computer Science

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:

Applications
1 2 (18.18%) MS Office
Database & Business Intelligence
1 2 (18.18%) Power BI
1 2 (18.18%) SQL Server
1 2 (18.18%) SQL Server Reporting Services
Development Applications
1 1 (9.09%) Jenkins
1 1 (9.09%) JIRA
1 1 (9.09%) Subversion
General
1 9 (81.82%) Finance
2 8 (72.73%) Banking
3 4 (36.36%) Front Office
4 1 (9.09%) Investment Banking
Job Titles
1 6 (54.55%) Developer
2 4 (36.36%) Architect
2 4 (36.36%) Quantitative Developer
2 4 (36.36%) Senior Architect
2 4 (36.36%) Senior Solutions Architect
2 4 (36.36%) Solutions Architect
3 2 (18.18%) .NET Developer
3 2 (18.18%) C# .NET Developer
3 2 (18.18%) C# Developer
3 2 (18.18%) Senior .NET Developer
3 2 (18.18%) Senior C# .NET Developer
3 2 (18.18%) Senior C# Developer
3 2 (18.18%) Senior Developer
4 1 (9.09%) C# WCF Developer
4 1 (9.09%) C++ Developer
4 1 (9.09%) C++ Mathematical Developer
4 1 (9.09%) C++ Pricing Developer
4 1 (9.09%) Mathematical Developer
4 1 (9.09%) Test Manager
4 1 (9.09%) WCF Developer
Libraries, Frameworks & Software Standards
1 2 (18.18%) .NET
1 2 (18.18%) WPF
2 1 (9.09%) WCF
Miscellaneous
1 6 (54.55%) Market Risk
2 3 (27.27%) CUDA
3 2 (18.18%) Credit Risk
4 1 (9.09%) Algorithms
4 1 (9.09%) Computer Science
4 1 (9.09%) Grid Computing
Operating Systems
1 3 (27.27%) Windows
2 1 (9.09%) Linux
Processes & Methodologies
1 8 (72.73%) Risk Management
2 4 (36.36%) Analytics
2 4 (36.36%) Data Architecture
3 3 (27.27%) Mathematics
4 2 (18.18%) Agile Software Development
4 2 (18.18%) Business Intelligence
4 2 (18.18%) Quantitative Finance
5 1 (9.09%) Chemistry
5 1 (9.09%) Continuous Integration
5 1 (9.09%) Defect Management
5 1 (9.09%) Functional Testing
5 1 (9.09%) Physics
5 1 (9.09%) Regression Testing
5 1 (9.09%) Release Management
5 1 (9.09%) System Integration Testing
5 1 (9.09%) TDD
5 1 (9.09%) Test Scripting
5 1 (9.09%) User Acceptance Testing
Programming Languages
1 5 (45.45%) C++
2 3 (27.27%) C#
3 1 (9.09%) Java
3 1 (9.09%) PowerShell
3 1 (9.09%) SQL
3 1 (9.09%) VBA
Qualifications
1 1 (9.09%) Degree