Period
to 21 November 2017

The following table provides summary statistics for contract job vacancies 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 21 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
UK
6 months to
21 Nov 2017
Same period 2016 Same period 2015
Rank 843 833 826
Rank change year-on-year -10 -7 +17
Contract jobs citing Monte Carlo Method 34 48 62
As % of all contract IT jobs advertised in the UK 0.033% 0.046% 0.055%
As % of the Processes & Methodologies category 0.039% 0.055% 0.067%
Number of daily rates quoted 23 39 48
UK median daily rate £575 £550 £613
Median daily rate % change year-on-year +4.55% -10.20% +2.08%
10th Percentile £500 £398 £315
90th Percentile £775 £685 £813
UK excluding London median daily rate £330 £388 £450
% change year-on-year -14.84% -13.89% +9.09%
Number of hourly rates quoted 0 0 3
UK median hourly rate - - £40.00
UK excluding London median hourly rate - - £41.25

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 with a requirement for process or methodology skills.

All Process and Methodology Skills
UK
Contract vacancies with a requirement for process or methodology skills 87132 87864 92880
As % of all contract IT jobs advertised in the UK 84.49% 83.90% 81.77%
Number of daily rates quoted 58048 58076 60168
UK median daily rate £450 £425 £413
Median daily rate % change year-on-year +5.88% +3.03% +3.13%
10th Percentile £281 £263 £263
90th Percentile £630 £600 £600
UK excluding London median daily rate £400 £400 £385
% change year-on-year - +3.90% +2.67%
Number of hourly rates quoted 2060 2332 2734
UK median hourly rate £23.50 £24.00 £22.50
Median hourly rate % change year-on-year -2.08% +6.67% +18.42%
10th Percentile £11.49 £11.31 £11.50
90th Percentile £49.75 £48.75 £47.71
UK excluding London median hourly rate £24.00 £24.50 £23.75
% change year-on-year -2.04% +3.16% +18.75%

Monte Carlo Method
Job Vacancy Trend

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

Job vacancy trend for Monte Carlo Method in the UK

Monte Carlo Method
Contractor Daily Rate Trend

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

Contractor daily rate trend for Monte Carlo Method in the UK

Monte Carlo Method
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Monte Carlo Method over the 6 months to 21 November 2017.

Contractor daily rate histogram for Monte Carlo Method in the UK

Monte Carlo Method
Contractor Hourly Rate Trend

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

Contractor hourly rate trend for Monte Carlo Method in the UK

Monte Carlo Method
Top 4 Contract Locations

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 UK over the 6 months to 21 November 2017. 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
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +2 34 £575 +4.55% 9
London -25 33 £575 -4.17% 6
UK excluding London +10 1 £330 -14.84% 4
South East -1 1 £330 - 1

For the 6 months to 21 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 with a requirement for Monte Carlo Method.

1 22 (64.71%) Finance
2 17 (50.00%) Banking
3 16 (47.06%) SQL
4 15 (44.12%) Mathematics
5 13 (38.24%) C#
5 13 (38.24%) Front Office
6 11 (32.35%) C++
6 11 (32.35%) Credit Risk
6 11 (32.35%) TDD
7 10 (29.41%) Foreign Exchange (FX)
8 9 (26.47%) Risk Management
9 8 (23.53%) Microsoft
9 8 (23.53%) Computer Science
10 7 (20.59%) Agile Software Development
11 6 (17.65%) Subversion
11 6 (17.65%) .NET
11 6 (17.65%) Market Risk
11 6 (17.65%) JIRA
11 6 (17.65%) WCF
11 6 (17.65%) WPF
11 6 (17.65%) CUDA
11 6 (17.65%) Analytical Skills
11 6 (17.65%) Quantitative Finance
12 5 (14.71%) Derivative
12 5 (14.71%) SQL Server
12 5 (14.71%) ASP.NET
12 5 (14.71%) Microsoft Excel
12 5 (14.71%) Investment Banking
12 5 (14.71%) Validation
12 5 (14.71%) Fixed Income

Monte Carlo Method
Co-occurring IT Skills 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 (2.94%) SharePoint
Applications
1 5 (14.71%) Microsoft Excel
Cloud Services
1 1 (2.94%) Microsoft Azure
Database & Business Intelligence
1 5 (14.71%) SQL Server
2 3 (8.82%) Data Mining
2 3 (8.82%) Data Warehouse
Development Applications
1 6 (17.65%) JIRA
1 6 (17.65%) Subversion
2 4 (11.76%) MSTest
General
1 22 (64.71%) Finance
2 17 (50.00%) Banking
3 13 (38.24%) Front Office
4 5 (14.71%) Investment Banking
5 1 (2.94%) Legal
Job Titles
1 16 (47.06%) Developer
2 12 (35.29%) Analyst
3 9 (26.47%) C# Developer
4 8 (23.53%) Qualitative Analyst
4 8 (23.53%) Quantitative Analyst
5 7 (20.59%) Quantitative Developer
6 5 (14.71%) Business Analyst
6 5 (14.71%) Risk Business Analyst
6 5 (14.71%) Senior Developer
6 5 (14.71%) SQL Developer
7 4 (11.76%) C++ Developer
7 4 (11.76%) C++ Quantitative Developer
7 4 (11.76%) Market Analyst
7 4 (11.76%) Market Risk Analyst
7 4 (11.76%) Market Risk Business Analyst
7 4 (11.76%) Risk Analyst
7 4 (11.76%) Senior C# Developer
7 4 (11.76%) Senior SQL Developer
8 3 (8.82%) Mathematical Developer
8 3 (8.82%) Pricing Developer
Libraries, Frameworks & Software Standards
1 6 (17.65%) .NET
1 6 (17.65%) WCF
1 6 (17.65%) WPF
2 5 (14.71%) ASP.NET
3 1 (2.94%) REST
Miscellaneous
1 11 (32.35%) Credit Risk
2 10 (29.41%) Foreign Exchange (FX)
3 8 (23.53%) Computer Science
4 6 (17.65%) Analytical Skills
4 6 (17.65%) CUDA
4 6 (17.65%) Market Risk
5 5 (14.71%) Derivative
5 5 (14.71%) Fixed Income
6 3 (8.82%) Algorithms
6 3 (8.82%) Grid Computing
7 1 (2.94%) Driving Licence
7 1 (2.94%) Equities
7 1 (2.94%) Equity Derivative
7 1 (2.94%) Exotic Derivative
7 1 (2.94%) Management Information System
7 1 (2.94%) Swaptions
Operating Systems
1 2 (5.88%) Windows
Processes & Methodologies
1 15 (44.12%) Mathematics
2 11 (32.35%) TDD
3 9 (26.47%) Risk Management
4 7 (20.59%) Agile Software Development
5 6 (17.65%) Quantitative Finance
6 5 (14.71%) Validation
7 4 (11.76%) Bayesian Methods
7 4 (11.76%) BDD
7 4 (11.76%) Continuous Improvement
7 4 (11.76%) Scrum
7 4 (11.76%) Statistics
7 4 (11.76%) Test Automation
8 3 (8.82%) Cluster Analysis
8 3 (8.82%) Data Architecture
8 3 (8.82%) Data Migration
8 3 (8.82%) Migration
8 3 (8.82%) Regression Analysis
8 3 (8.82%) Regression Testing
8 3 (8.82%) Stochastic Modelling
8 3 (8.82%) Time Series Analysis
Programming Languages
1 16 (47.06%) SQL
2 13 (38.24%) C#
3 11 (32.35%) C++
4 3 (8.82%) Python
5 2 (5.88%) F#
5 2 (5.88%) VBA
Qualifications
1 4 (11.76%) Computer Science Degree
1 4 (11.76%) Degree
2 1 (2.94%) CISA
2 1 (2.94%) CISM
2 1 (2.94%) CISSP
2 1 (2.94%) CRISC
Quality Assurance & Compliance
1 3 (8.82%) EMIR
1 3 (8.82%) MiFID
2 1 (2.94%) PCI DSS
Vendors
1 8 (23.53%) Microsoft
2 3 (8.82%) Informatica
2 3 (8.82%) Oracle
3 1 (2.94%) Infragistics
3 1 (2.94%) Murex
3 1 (2.94%) SAP