The following table provides summary statistics for contract job vacancies advertised in 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 23 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.

3 months to
23 Mar 2017
Same period 2016 Same period 2015
Monte Carlo Method
England / London
Rank 366 398 386
Rank change year-on-year +32 -12  
Contract jobs citing Monte Carlo Method 36 21 23
As % of all contract IT jobs advertised in London 0.19% 0.095% 0.11%
As % of the Processes & Methodologies category 0.22% 0.11% 0.13%
Number of daily rates quoted 26 21 19
Median daily rate £700 £1,100 £550
Median daily rate % change year-on-year -36.36% +100.00%  
90% offered a daily rate of more than £550 £550 £468
10% offered a daily rate of more than £744 £1,100 £685
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 London with a requirement for process and methodology skills.

Contract Process & Methodology Skills
London
Contract job vacancies with a requirement for process and methodology skills 16350 18715 17143
As % of all contract IT job vacancies advertised in London 85.12% 85.09% 82.05%
Number of daily rates quoted 11752 13518 12038
Median daily rate £475 £475 £450
Median daily rate % change year-on-year - +5.55%  
90% offered a daily rate of more than £345 £325 £310
10% offered a daily rate of more than £650 £625 £601
UK excluding London median daily rate £410 £400 £399
% change year-on-year +2.50% +0.29%  
Number of hourly rates quoted 161 190 241
Median hourly rate £31.92 £22.50 £20.31
Median hourly rate % change year-on-year +41.86% +10.78%  
90% offered a hourly rate of more than £14.18 £12.00 £11.00
10% offered a hourly rate of more than £55.00 £52.50 £55.00
UK excluding London median hourly rate £36.00 £39.00 £30.00
% change year-on-year -7.69% +30.00%  

Monte Carlo Method
Job Vacancy Trend in London

The job posting trend of jobs advertised in 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 London

Monte Carlo Method
Contractor Daily Rate Trend in London

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

Contractor daily rate trend for Monte Carlo Method in London

Monte Carlo Method
Contractor Daily Rate Histogram in London

The daily rate distribution of IT jobs citing Monte Carlo Method in London over the 3 months to 23 March 2017.

Contractor daily rate histogram for Monte Carlo Method in London

Monte Carlo Method
Contractor Hourly Rate Trend in London

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

Contractor hourly rate trend for Monte Carlo Method in London

Monte Carlo Method
Contract Job Locations in London

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 London region over the 3 months to 23 March 2017. 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 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
City of London +15 8 £615 +11.81% 1
Feltham - 2 - -
Monte Carlo Method
England

Monte Carlo Method
Top 30 Related IT Skills in London

For the 6 months to 23 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 London region with a requirement for Monte Carlo Method.

1 46 (73.02%) Finance
2 32 (50.79%) Risk Management
3 29 (46.03%) Mathematics
4 27 (42.86%) C++
4 27 (42.86%) Banking
5 23 (36.51%) C#
6 21 (33.33%) Front Office
7 18 (28.57%) Quantitative Finance
8 17 (26.98%) Algorithms
8 17 (26.98%) SQL
8 17 (26.98%) Market Risk
9 15 (23.81%) Subversion
9 15 (23.81%) TDD
9 15 (23.81%) JIRA
9 15 (23.81%) Analytics
10 13 (20.63%) Credit Risk
10 13 (20.63%) MS Office
11 12 (19.05%) CUDA
11 12 (19.05%) Investment Banking
12 11 (17.46%) Credit Derivative
12 11 (17.46%) Derivative
12 11 (17.46%) Java
13 9 (14.29%) Microsoft
14 8 (12.70%) Degree
14 8 (12.70%) Statistics
14 8 (12.70%) Computer Science
15 7 (11.11%) MS Excel
15 7 (11.11%) Change Management
16 6 (9.52%) Financial Institution
16 6 (9.52%) Programme Management

Monte Carlo Method
Top Related IT Skills in 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 13 (20.63%) MS Office
2 7 (11.11%) MS Excel
3 6 (9.52%) LaTeX
3 6 (9.52%) MS PowerPoint
4 3 (4.76%) Doxygen
Database & Business Intelligence
1 4 (6.35%) Power BI
1 4 (6.35%) SQL Server
1 4 (6.35%) SQL Server Reporting Services
2 2 (3.17%) SQL Server 2016
2 2 (3.17%) SQL Server Integration Services
3 1 (1.59%) Big Data
3 1 (1.59%) Data Mining
Development Applications
1 15 (23.81%) JIRA
1 15 (23.81%) Subversion
2 2 (3.17%) Jenkins
General
1 46 (73.02%) Finance
2 27 (42.86%) Banking
3 21 (33.33%) Front Office
4 12 (19.05%) Investment Banking
5 6 (9.52%) Financial Institution
5 6 (9.52%) Retail
6 1 (1.59%) Back Office
6 1 (1.59%) Marketing
Job Titles
1 29 (46.03%) Developer
2 28 (44.44%) Analyst
3 25 (39.68%) Quantitative Developer
4 20 (31.75%) Qualitative Analyst
4 20 (31.75%) Quantitative Analyst
5 10 (15.87%) Analyst Developer
5 10 (15.87%) C# Developer
5 10 (15.87%) Quantitative Analyst Developer
6 9 (14.29%) Developer Analyst
7 8 (12.70%) Risk Analyst
8 7 (11.11%) Credit Analyst
8 7 (11.11%) Risk Manager
9 6 (9.52%) Business Analyst
9 6 (9.52%) C# Quant Developer
9 6 (9.52%) Credit Risk Analyst
9 6 (9.52%) Credit Risk Business Analyst
9 6 (9.52%) Market Risk Developer
9 6 (9.52%) Risk Business Analyst
10 5 (7.94%) Java Quantitative Developer
10 5 (7.94%) Market Risk Java Developer
Libraries, Frameworks & Software Standards
1 4 (6.35%) .NET
2 2 (3.17%) ASP.NET
2 2 (3.17%) WPF
3 1 (1.59%) COM
3 1 (1.59%) WCF
3 1 (1.59%) XML
3 1 (1.59%) XSLT
Miscellaneous
1 17 (26.98%) Algorithms
1 17 (26.98%) Market Risk
2 13 (20.63%) Credit Risk
3 12 (19.05%) CUDA
4 11 (17.46%) Credit Derivative
4 11 (17.46%) Derivative
5 8 (12.70%) Computer Science
6 3 (4.76%) Analytical Skills
6 3 (4.76%) Fintech
7 2 (3.17%) Equities
7 2 (3.17%) Fixed Income
7 2 (3.17%) Grid Computing
7 2 (3.17%) Wiki
8 1 (1.59%) Equity Derivative
8 1 (1.59%) Foreign Exchange (FX)
8 1 (1.59%) OTC Derivatives
Operating Systems
1 4 (6.35%) Windows
2 2 (3.17%) Linux
Processes & Methodologies
1 32 (50.79%) Risk Management
2 29 (46.03%) Mathematics
3 18 (28.57%) Quantitative Finance
4 15 (23.81%) Analytics
4 15 (23.81%) TDD
5 8 (12.70%) Statistics
6 7 (11.11%) Change Management
7 6 (9.52%) Agile Software Development
7 6 (9.52%) Programme Management
7 6 (9.52%) Risk Analysis
8 5 (7.94%) Business Intelligence
8 5 (7.94%) Mathematical Modelling
8 5 (7.94%) OO
8 5 (7.94%) OOP
8 5 (7.94%) Statistical Analysis
8 5 (7.94%) Stress Testing
8 5 (7.94%) Time Management
9 4 (6.35%) Business Analysis
9 4 (6.35%) Cyber Intelligence
9 4 (6.35%) Risk Analytics
Programming Languages
1 27 (42.86%) C++
2 23 (36.51%) C#
3 17 (26.98%) SQL
4 11 (17.46%) Java
5 6 (9.52%) R
6 5 (7.94%) VBA
7 4 (6.35%) C
8 3 (4.76%) Python
9 2 (3.17%) PowerShell
10 1 (1.59%) MATLAB
10 1 (1.59%) VC++
Qualifications
1 8 (12.70%) Degree
2 6 (9.52%) DV Cleared
2 6 (9.52%) PhD
2 6 (9.52%) SC Cleared
2 6 (9.52%) Security Cleared
Quality Assurance & Compliance
1 2 (3.17%) Basel III
1 2 (3.17%) CRD IV
1 2 (3.17%) QA
2 1 (1.59%) Data Quality
Vendors
1 9 (14.29%) Microsoft
2 5 (7.94%) Algorithmics
3 1 (1.59%) Oracle
3 1 (1.59%) Sophis