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 28 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
UK
3 months to
28 Mar 2017
Same period 2016 Same period 2015
Rank 565 618 617
Rank change year-on-year +53 -1  
Contract jobs citing Monte Carlo Method 43 21 25
As % of all contract IT jobs advertised in the UK 0.095% 0.039% 0.046%
As % of the Processes & Methodologies category 0.11% 0.047% 0.058%
Number of daily rates quoted 32 21 20
Median daily rate £663 £1,100 £588
Median daily rate % change year-on-year -39.77% +87.23%  
90% offered a daily rate of more than £464 £550 £472
10% offered a daily rate of more than £738 £1,100 £725
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 with a requirement for process and methodology skills.

Contract Process & Methodology Skills
UK
Contract job vacancies with a requirement for process and methodology skills 37483 44400 43069
As % of all contract IT job vacancies advertised in the UK 83.14% 82.87% 79.71%
Number of daily rates quoted 24787 29149 26680
Median daily rate £450 £425 £419
Median daily rate % change year-on-year +5.88% +1.55%  
90% offered a daily rate of more than £300 £300 £275
10% offered a daily rate of more than £600 £600 £575
UK excluding London median daily rate £410 £400 £396
% change year-on-year +2.50% +1.01%  
Number of hourly rates quoted 946 1114 1248
Median hourly rate £35.75 £37.50 £28.69
Median hourly rate % change year-on-year -4.66% +30.70%  
90% offered a hourly rate of more than £13.00 £13.00 £12.10
10% offered a hourly rate of more than £53.00 £55.00 £49.50
UK excluding London median hourly rate £36.00 £38.50 £30.20
% change year-on-year -6.49% +27.48%  

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 28 March 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 hourly rates quoted in IT contractor jobs citing Monte Carlo Method.

Contractor hourly rate trend for Monte Carlo Method in the UK

Monte Carlo Method
Top 11 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 28 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
England +53 43 £663 -39.77% 7
London +39 36 £700 -36.36% 4
City of London -1 8 £615 +11.81%
South East - 5 £463 -
Havant - 4 £469 -
Hampshire - 4 £469 -
Feltham - 2 - -
East Midlands - 2 £663 -
Northampton - 2 £663 -
Northamptonshire - 2 £663 -
Middlesex - 1 £450 -

Monte Carlo Method
Top 30 Co-occurring IT Skills

For the 6 months to 28 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 with a requirement for Monte Carlo Method.

1 51 (64.56%) Finance
2 38 (48.10%) Mathematics
3 33 (41.77%) Risk Management
4 32 (40.51%) Banking
5 28 (35.44%) C++
6 23 (29.11%) SQL
7 22 (27.85%) C#
7 22 (27.85%) Front Office
7 22 (27.85%) Analytics
7 22 (27.85%) Algorithms
8 18 (22.78%) Quantitative Finance
9 17 (21.52%) Credit Risk
9 17 (21.52%) Market Risk
9 17 (21.52%) MS Office
10 16 (20.25%) Statistics
10 16 (20.25%) JIRA
10 16 (20.25%) TDD
11 15 (18.99%) Subversion
12 14 (17.72%) Microsoft
13 13 (16.46%) Investment Banking
14 12 (15.19%) MS Excel
14 12 (15.19%) CUDA
15 11 (13.92%) Java
15 11 (13.92%) Computer Science
16 10 (12.66%) MS PowerPoint
16 10 (12.66%) Statistical Analysis
16 10 (12.66%) Derivative
16 10 (12.66%) Credit Derivative
16 10 (12.66%) Degree
17 9 (11.39%) Mathematical Modelling

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 6 (7.59%) SAS
Applications
1 17 (21.52%) MS Office
2 12 (15.19%) MS Excel
3 10 (12.66%) MS PowerPoint
4 7 (8.86%) SPSS
5 6 (7.59%) LaTeX
6 3 (3.80%) Doxygen
6 3 (3.80%) SPSS Modeler
7 2 (2.53%) Spreadsheet
8 1 (1.27%) MS Project
Database & Business Intelligence
1 6 (7.59%) Data Mining
2 4 (5.06%) Power BI
2 4 (5.06%) SQL Server
2 4 (5.06%) SQL Server Reporting Services
3 3 (3.80%) Big Data
4 2 (2.53%) SQL Server 2016
4 2 (2.53%) SQL Server Integration Services
Development Applications
1 16 (20.25%) JIRA
2 15 (18.99%) Subversion
3 2 (2.53%) Jenkins
General
1 51 (64.56%) Finance
2 32 (40.51%) Banking
3 22 (27.85%) Front Office
4 13 (16.46%) Investment Banking
5 7 (8.86%) Retail
6 6 (7.59%) Financial Institution
7 3 (3.80%) Marketing
8 1 (1.27%) Back Office
8 1 (1.27%) Electronics
8 1 (1.27%) Manufacturing
Job Titles
1 32 (40.51%) Analyst
2 29 (36.71%) Developer
3 25 (31.65%) Quantitative Developer
4 21 (26.58%) Qualitative Analyst
4 21 (26.58%) Quantitative Analyst
5 11 (13.92%) Analyst Developer
5 11 (13.92%) Quantitative Analyst Developer
6 10 (12.66%) Developer Analyst
7 9 (11.39%) C# Developer
8 8 (10.13%) Risk Analyst
8 8 (10.13%) Risk Manager
9 7 (8.86%) Credit Analyst
10 6 (7.59%) Business Analyst
10 6 (7.59%) Credit Risk Analyst
10 6 (7.59%) Credit Risk Business Analyst
10 6 (7.59%) Market Risk Developer
10 6 (7.59%) Risk Business Analyst
11 5 (6.33%) C++ Quantitative Developer
11 5 (6.33%) Java Quantitative Developer
11 5 (6.33%) Market Risk Java Developer
Libraries, Frameworks & Software Standards
1 4 (5.06%) .NET
2 2 (2.53%) ASP.NET
2 2 (2.53%) WPF
3 1 (1.27%) COM
3 1 (1.27%) WCF
3 1 (1.27%) XML
3 1 (1.27%) XSLT
Miscellaneous
1 22 (27.85%) Algorithms
2 17 (21.52%) Credit Risk
2 17 (21.52%) Market Risk
3 12 (15.19%) CUDA
4 11 (13.92%) Computer Science
5 10 (12.66%) Credit Derivative
5 10 (12.66%) Derivative
6 7 (8.86%) Analytical Skills
7 3 (3.80%) Fintech
8 2 (2.53%) Equities
8 2 (2.53%) Fixed Income
8 2 (2.53%) Grid Computing
8 2 (2.53%) Wiki
9 1 (1.27%) Equity Derivative
9 1 (1.27%) Foreign Exchange (FX)
9 1 (1.27%) OTC Derivatives
Operating Systems
1 4 (5.06%) Windows
2 2 (2.53%) Linux
Processes & Methodologies
1 38 (48.10%) Mathematics
2 33 (41.77%) Risk Management
3 22 (27.85%) Analytics
4 18 (22.78%) Quantitative Finance
5 16 (20.25%) Statistics
5 16 (20.25%) TDD
6 10 (12.66%) Statistical Analysis
7 9 (11.39%) Mathematical Modelling
8 8 (10.13%) Risk Analysis
9 7 (8.86%) Business Intelligence
9 7 (8.86%) Change Management
9 7 (8.86%) Programme Management
10 6 (7.59%) Agile Software Development
10 6 (7.59%) Time Management
10 6 (7.59%) Time Series Analysis
11 5 (6.33%) ANOVA
11 5 (6.33%) Linear Regression
11 5 (6.33%) Logistic Regression
11 5 (6.33%) Statistical Modelling
11 5 (6.33%) Stress Testing
Programming Languages
1 28 (35.44%) C++
2 23 (29.11%) SQL
3 22 (27.85%) C#
4 11 (13.92%) Java
5 8 (10.13%) R
6 7 (8.86%) VBA
7 4 (5.06%) C
8 3 (3.80%) MATLAB
8 3 (3.80%) Python
9 2 (2.53%) PowerShell
9 2 (2.53%) T-SQL
10 1 (1.27%) VC++
Qualifications
1 10 (12.66%) Degree
2 8 (10.13%) Security Cleared
3 7 (8.86%) SC Cleared
4 6 (7.59%) DV Cleared
4 6 (7.59%) PhD
Quality Assurance & Compliance
1 4 (5.06%) IFRS
1 4 (5.06%) IFRS 9
2 2 (2.53%) Basel III
2 2 (2.53%) CRD IV
2 2 (2.53%) QA
3 1 (1.27%) Data Quality
3 1 (1.27%) ISO 9000
3 1 (1.27%) PMO
Vendors
1 14 (17.72%) Microsoft
2 5 (6.33%) Algorithmics
3 4 (5.06%) Tableau
4 1 (1.27%) Cadence
4 1 (1.27%) IBM
4 1 (1.27%) Oracle
4 1 (1.27%) Sophis
London
Nicoll Curtin
Rate: £600.00 per hour
Posted: 37 minutes ago
London
McGregor Boyall
Rate: £650 - £750 per day
Posted: Yesterday