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 3 months to 22 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
UK
3 months to
22 Jun 2017
Same period 2016 Same period 2015
Rank 599 614 618
Rank change year-on-year +15 +4  
Contract jobs citing Monte Carlo Method 16 31 25
As % of all contract IT jobs advertised in the UK 0.034% 0.057% 0.044%
As % of the Processes & Methodologies category 0.040% 0.069% 0.055%
Number of daily rates quoted 12 19 14
Median daily rate £675 £625 £613
Median daily rate % change year-on-year +8.00% +2.04%  
90% offered a daily rate of more than £535 £493 £371
10% offered a daily rate of more than £735 £680 £700
UK excluding London median daily rate £463 £500 £320
% change year-on-year -7.50% +56.25%  
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 with a requirement for process and methodology skills.

Contract Process & Methodology Skills
UK
Contract job vacancies with a requirement for process and methodology skills 39590 44959 45378
As % of all contract IT job vacancies advertised in the UK 84.46% 83.37% 80.72%
Number of daily rates quoted 25806 29818 29077
Median daily rate £450 £438 £413
Median daily rate % change year-on-year +2.85% +6.06%  
90% offered a daily rate of more than £313 £300 £285
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £415 £400 £385
% change year-on-year +3.75% +3.89%  
Number of hourly rates quoted 1062 1087 1274
Median hourly rate £32.50 £27.50 £27.50
Median hourly rate % change year-on-year +18.18% -  
90% offered a hourly rate of more than £13.00 £12.58 £12.10
10% offered a hourly rate of more than £52.50 £47.80 £50.00
UK excluding London median hourly rate £33.50 £28.50 £30.00
% change year-on-year +17.54% -5.00%  

Monte Carlo Method
Job Vacancy Trend

The job posting trend of jobs advertised 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 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 3 months to 22 June 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 8 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 3 months to 22 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
England +32 16 £675 +8.00% 9
London +4 13 £688 +5.76% 5
South East +23 3 £463 -
Hampshire +13 3 £463 -
Havant - 3 £463 -
City of London +4 2 £643 +8.43%
Canary Wharf - 1 £535 -
Docklands, London - 1 £535 -

For the 6 months to 22 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 with a requirement for Monte Carlo Method.

1 40 (71.43%) Finance
2 30 (53.57%) Risk Management
3 26 (46.43%) Banking
4 24 (42.86%) Mathematics
5 23 (41.07%) C++
6 19 (33.93%) Front Office
7 17 (30.36%) TDD
8 16 (28.57%) Quantitative Finance
9 15 (26.79%) Algorithms
9 15 (26.79%) JIRA
10 14 (25.00%) SQL
10 14 (25.00%) Microsoft Excel
11 13 (23.21%) Analytics
12 12 (21.43%) CUDA
13 11 (19.64%) Credit Risk
13 11 (19.64%) Market Risk
14 10 (17.86%) Degree
14 10 (17.86%) Subversion
14 10 (17.86%) Investment Banking
14 10 (17.86%) Microsoft
15 9 (16.07%) C#
15 9 (16.07%) VBA
15 9 (16.07%) Microsoft Office
15 9 (16.07%) Microsoft PowerPoint
16 8 (14.29%) Statistical Analysis
16 8 (14.29%) Computer Science
17 7 (12.50%) Risk Analysis
17 7 (12.50%) SC Cleared
17 7 (12.50%) Security Cleared
17 7 (12.50%) Data Architecture

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 2 (3.57%) SAS
2 1 (1.79%) DataSynapse
Applications
1 14 (25.00%) Microsoft Excel
2 9 (16.07%) Microsoft Office
2 9 (16.07%) Microsoft PowerPoint
3 4 (7.14%) SPSS
4 3 (5.36%) Spreadsheet
5 2 (3.57%) SPSS Modeler
Cloud Services
1 1 (1.79%) Amazon AWS
1 1 (1.79%) Microsoft Azure
Database & Business Intelligence
1 5 (8.93%) Big Data
1 5 (8.93%) Data Mining
2 1 (1.79%) NoSQL
2 1 (1.79%) OLAP
Development Applications
1 15 (26.79%) JIRA
2 10 (17.86%) Subversion
3 2 (3.57%) Jenkins
General
1 40 (71.43%) Finance
2 26 (46.43%) Banking
3 19 (33.93%) Front Office
4 10 (17.86%) Investment Banking
5 6 (10.71%) Retail
6 5 (8.93%) Financial Institution
7 3 (5.36%) Back Office
7 3 (5.36%) Marketing
8 1 (1.79%) French Language
Job Titles
1 23 (41.07%) Developer
2 21 (37.50%) Analyst
2 21 (37.50%) Quantitative Developer
3 15 (26.79%) Qualitative Analyst
3 15 (26.79%) Quantitative Analyst
4 12 (21.43%) Analyst Developer
4 12 (21.43%) Quantitative Analyst Developer
5 11 (19.64%) Developer Analyst
6 8 (14.29%) Risk Manager
7 7 (12.50%) Architect
7 7 (12.50%) C++ Developer
7 7 (12.50%) C++ Quantitative Developer
8 5 (8.93%) Risk Analyst
9 4 (7.14%) Data Scientist
9 4 (7.14%) Senior Architect
9 4 (7.14%) Senior Solutions Architect
9 4 (7.14%) Solutions Architect
10 3 (5.36%) Business Analyst
10 3 (5.36%) Data Architect
10 3 (5.36%) Risk Business Analyst
Libraries, Frameworks & Software Standards
1 1 (1.79%) .NET
1 1 (1.79%) ASP.NET
1 1 (1.79%) COM
1 1 (1.79%) WCF
1 1 (1.79%) WPF
1 1 (1.79%) XML
1 1 (1.79%) XSLT
Miscellaneous
1 15 (26.79%) Algorithms
2 12 (21.43%) CUDA
3 11 (19.64%) Credit Risk
3 11 (19.64%) Market Risk
4 8 (14.29%) Computer Science
5 6 (10.71%) Derivative
6 5 (8.93%) Analytical Skills
6 5 (8.93%) Credit Derivative
7 2 (3.57%) Grid Computing
8 1 (1.79%) Foreign Exchange (FX)
8 1 (1.79%) OTC Derivatives
Operating Systems
1 3 (5.36%) Windows
2 2 (3.57%) Linux
Processes & Methodologies
1 30 (53.57%) Risk Management
2 24 (42.86%) Mathematics
3 17 (30.36%) TDD
4 16 (28.57%) Quantitative Finance
5 13 (23.21%) Analytics
6 8 (14.29%) Statistical Analysis
7 7 (12.50%) Data Architecture
7 7 (12.50%) Programme Management
7 7 (12.50%) Risk Analysis
7 7 (12.50%) Statistics
8 6 (10.71%) Change Management
8 6 (10.71%) Time Management
9 5 (8.93%) Economics
9 5 (8.93%) Stress Testing
9 5 (8.93%) Time Series Analysis
10 4 (7.14%) ANOVA
10 4 (7.14%) Cyber Intelligence
10 4 (7.14%) Linear Regression
10 4 (7.14%) Neural Network
10 4 (7.14%) Statistical Modelling
Programming Languages
1 23 (41.07%) C++
2 14 (25.00%) SQL
3 9 (16.07%) C#
3 9 (16.07%) VBA
4 5 (8.93%) Java
4 5 (8.93%) R
5 4 (7.14%) C
6 2 (3.57%) PowerShell
6 2 (3.57%) T-SQL
7 1 (1.79%) MATLAB
7 1 (1.79%) Python
7 1 (1.79%) VC++
Qualifications
1 10 (17.86%) Degree
2 7 (12.50%) SC Cleared
2 7 (12.50%) Security Cleared
3 6 (10.71%) DV Cleared
4 2 (3.57%) Computer Science Degree
4 2 (3.57%) PhD
Quality Assurance & Compliance
1 2 (3.57%) Basel III
1 2 (3.57%) CRD IV
1 2 (3.57%) IFRS
1 2 (3.57%) IFRS 9
2 1 (1.79%) Data Quality
Vendors
1 10 (17.86%) Microsoft
2 4 (7.14%) Tableau
3 1 (1.79%) Google
3 1 (1.79%) Oracle
London
Hays Finance Technology
Rate: £550.00 - £750.00 per day
Posted: 6 days ago
East London
Spencer Rose
Rate: From £450 to £500 per day
Posted: 6 days ago