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 27 June 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
England / London
3 months to
27 Jun 2017
Same period 2016 Same period 2015
Rank 409 404 418
Rank change year-on-year -5 +14  
Contract jobs citing Monte Carlo Method 15 23 16
As % of all contract IT jobs advertised in London 0.072% 0.11% 0.069%
As % of the Processes & Methodologies category 0.083% 0.12% 0.085%
Number of daily rates quoted 13 13 11
Median daily rate £663 £650 £625
Median daily rate % change year-on-year +1.92% +4.00%  
90% offered a daily rate of more than £535 £600 £550
10% offered a daily rate of more than £734 £695 £700
UK excluding London median daily rate - £500 £320
% change year-on-year - +56.25%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - £40.00

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 18040 18590 18928
As % of all contract IT job vacancies advertised in London 86.66% 85.36% 82.17%
Number of daily rates quoted 12911 13593 13436
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 £350 £325 £310
10% offered a daily rate of more than £625 £638 £625
UK excluding London median daily rate £415 £400 £385
% change year-on-year +3.75% +3.89%  
Number of hourly rates quoted 189 157 253
Median hourly rate £25.00 £21.00 £22.00
Median hourly rate % change year-on-year +19.04% -4.54%  
90% offered a hourly rate of more than £14.75 £12.50 £11.00
10% offered a hourly rate of more than £51.00 £46.00 £55.50
UK excluding London median hourly rate £34.00 £28.50 £30.00
% change year-on-year +19.29% -5.00%  

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 27 June 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 contractor hourly rates quoted in IT 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 27 June 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 -1 2 £643 +8.43%
Docklands, London - 1 £535 -
Canary Wharf - 1 £535 -
Monte Carlo Method
England

For the 6 months to 27 June 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 38 (76.00%) Finance
2 29 (58.00%) Risk Management
3 24 (48.00%) C++
4 23 (46.00%) Banking
5 22 (44.00%) Mathematics
6 19 (38.00%) Front Office
7 17 (34.00%) TDD
8 16 (32.00%) Quantitative Finance
9 15 (30.00%) Algorithms
9 15 (30.00%) JIRA
10 12 (24.00%) CUDA
11 11 (22.00%) Microsoft Excel
11 11 (22.00%) SQL
11 11 (22.00%) Market Risk
12 10 (20.00%) Analytics
12 10 (20.00%) Subversion
13 9 (18.00%) Investment Banking
13 9 (18.00%) Degree
13 9 (18.00%) C#
14 8 (16.00%) Credit Risk
15 7 (14.00%) Data Architecture
15 7 (14.00%) VBA
15 7 (14.00%) Microsoft
16 6 (12.00%) Programme Management
16 6 (12.00%) Microsoft Office
16 6 (12.00%) SC Cleared
16 6 (12.00%) DV Cleared
16 6 (12.00%) Security Cleared
16 6 (12.00%) Risk Analysis
16 6 (12.00%) Retail

Monte Carlo Method
Co-occurring 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:

Application Platforms
1 1 (2.00%) DataSynapse
Applications
1 11 (22.00%) Microsoft Excel
2 6 (12.00%) Microsoft Office
2 6 (12.00%) Microsoft PowerPoint
3 1 (2.00%) Spreadsheet
Cloud Services
1 1 (2.00%) Amazon AWS
1 1 (2.00%) Microsoft Azure
Database & Business Intelligence
1 3 (6.00%) Big Data
2 2 (4.00%) Data Mining
3 1 (2.00%) NoSQL
3 1 (2.00%) OLAP
Development Applications
1 15 (30.00%) JIRA
2 10 (20.00%) Subversion
3 2 (4.00%) Jenkins
General
1 38 (76.00%) Finance
2 23 (46.00%) Banking
3 19 (38.00%) Front Office
4 9 (18.00%) Investment Banking
5 6 (12.00%) Retail
6 5 (10.00%) Financial Institution
7 3 (6.00%) Back Office
8 1 (2.00%) French Language
8 1 (2.00%) Marketing
Job Titles
1 23 (46.00%) Developer
2 21 (42.00%) Analyst
2 21 (42.00%) Quantitative Developer
3 17 (34.00%) Qualitative Analyst
3 17 (34.00%) Quantitative Analyst
4 12 (24.00%) Analyst Developer
4 12 (24.00%) Quantitative Analyst Developer
5 11 (22.00%) Developer Analyst
6 7 (14.00%) Architect
6 7 (14.00%) C++ Developer
6 7 (14.00%) C++ Quantitative Developer
6 7 (14.00%) Risk Manager
7 4 (8.00%) Risk Analyst
7 4 (8.00%) Senior Architect
7 4 (8.00%) Senior Solutions Architect
7 4 (8.00%) Solutions Architect
8 3 (6.00%) Banking Analyst
8 3 (6.00%) Data Architect
9 2 (4.00%) Market Analyst
9 2 (4.00%) Senior Quantitative Analyst
Libraries, Frameworks & Software Standards
1 1 (2.00%) .NET
1 1 (2.00%) ASP.NET
1 1 (2.00%) COM
1 1 (2.00%) WCF
1 1 (2.00%) WPF
1 1 (2.00%) XML
1 1 (2.00%) XSLT
Miscellaneous
1 15 (30.00%) Algorithms
2 12 (24.00%) CUDA
3 11 (22.00%) Market Risk
4 8 (16.00%) Credit Risk
5 5 (10.00%) Credit Derivative
5 5 (10.00%) Derivative
6 4 (8.00%) Analytical Skills
6 4 (8.00%) Computer Science
7 3 (6.00%) Foreign Exchange (FX)
8 2 (4.00%) Grid Computing
Operating Systems
1 3 (6.00%) Windows
2 2 (4.00%) Linux
Processes & Methodologies
1 29 (58.00%) Risk Management
2 22 (44.00%) Mathematics
3 17 (34.00%) TDD
4 16 (32.00%) Quantitative Finance
5 10 (20.00%) Analytics
6 7 (14.00%) Data Architecture
7 6 (12.00%) Programme Management
7 6 (12.00%) Risk Analysis
8 5 (10.00%) Change Management
8 5 (10.00%) Statistical Analysis
8 5 (10.00%) Time Management
9 4 (8.00%) Cyber Intelligence
9 4 (8.00%) Prototyping
9 4 (8.00%) Statistics
9 4 (8.00%) Stress Testing
10 3 (6.00%) Agile Software Development
10 3 (6.00%) Data Modelling
10 3 (6.00%) Logical Data Model
10 3 (6.00%) Physical Data Model
10 3 (6.00%) Quantitative Research
Programming Languages
1 24 (48.00%) C++
2 11 (22.00%) SQL
3 9 (18.00%) C#
4 7 (14.00%) VBA
5 5 (10.00%) Java
6 4 (8.00%) C
7 3 (6.00%) R
8 2 (4.00%) PowerShell
9 1 (2.00%) MATLAB
9 1 (2.00%) Python
9 1 (2.00%) VC++
Qualifications
1 9 (18.00%) Degree
2 6 (12.00%) DV Cleared
2 6 (12.00%) SC Cleared
2 6 (12.00%) Security Cleared
3 2 (4.00%) Computer Science Degree
3 2 (4.00%) PhD
Quality Assurance & Compliance
1 1 (2.00%) Basel III
1 1 (2.00%) CRD IV
1 1 (2.00%) Data Quality
Vendors
1 7 (14.00%) Microsoft
2 1 (2.00%) Google
2 1 (2.00%) Oracle
East London
Spencer Rose
Rate: From £450 to £500 per day
Posted: 4 days ago