Period
to 11 August 2020

The following table provides summary statistics for permanent job vacancies with a requirement for Monte Carlo Method skills. Included is a benchmarking guide to the salaries offered in vacancies that have cited Monte Carlo Method over the 6 months to 11 August 2020 with a comparison to the same period in the previous 2 years.

Monte Carlo Simulation
UK
6 months to
11 Aug 2020
Same period 2019 Same period 2018
Rank 726 1088 1166
Rank change year-on-year +362 +78 -10
Permanent jobs citing Monte Carlo Method 35 18 26
As % of all permanent jobs advertised in the UK 0.055% 0.013% 0.015%
As % of the Processes & Methodologies category 0.059% 0.014% 0.017%
Number of salaries quoted 34 12 22
Median annual salary £100,000 £37,500 £68,750
Median salary % change year-on-year +166.67% -45.45% -15.64%
10th Percentile £75,375 £33,750 £32,650
90th Percentile £110,000 £55,000 £148,750
UK excluding London median annual salary £41,500 £32,500 £36,000
% change year-on-year +27.69% -9.72% -10.00%

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 permanent job vacancies with a requirement for process or methodology skills.

All Process and Methodology Skills
UK
Permanent vacancies with a requirement for process or methodology skills 58,836 131,409 157,542
As % of all permanent IT jobs advertised in the UK 92.26% 92.20% 91.93%
Number of salaries quoted 47,013 103,411 125,566
Median annual salary £55,000 £52,500 £50,000
Median salary % change year-on-year +4.76% +5.00% -
10th Percentile £32,500 £30,000 £29,000
90th Percentile £90,000 £86,250 £82,500
UK excluding London median annual salary £47,829 £45,000 £45,000
% change year-on-year +6.29% - +5.88%

Monte Carlo Method
Job Vacancy Trend

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

Job vacancy trend for Monte Carlo Method in the UK

Monte Carlo Method
Salary Trend

3-month moving average salary quoted in jobs citing Monte Carlo Method.

Salary trend for Monte Carlo Method in the UK

Monte Carlo Method
Salary Histogram

Salary distribution for jobs citing Monte Carlo Method over the 6 months to 11 August 2020.

Salary histogram for Monte Carlo Method in the UK

Monte Carlo Method
Top 4 Job Locations

The table below looks at the demand and provides a guide to the median salaries quoted in IT jobs citing Monte Carlo Method within the UK over the 6 months to 11 August 2020. 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +345 35 £100,000 +166.67% 3
London +226 33 £100,000 +166.67% 3
UK excluding London +284 2 £41,500 +27.69%
South West - 2 £41,500 -

For the 6 months to 11 August 2020, IT jobs citing Monte Carlo Method also mentioned the following skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all permanent job ads with a requirement for Monte Carlo Method.

1 30 (85.71%) Finance
2 29 (82.86%) Mathematics
3 28 (80.00%) Stochastic Calculus
4 26 (74.29%) Derivative
4 26 (74.29%) C++
5 24 (68.57%) Quantitative Finance
6 22 (62.86%) Physics
7 21 (60.00%) Swaptions
7 21 (60.00%) CMS
7 21 (60.00%) Brownian Motion
8 20 (57.14%) PhD
9 16 (45.71%) Computational Finance
10 14 (40.00%) Front Office
11 11 (31.43%) Python
11 11 (31.43%) Decision-Making
11 11 (31.43%) Market Risk
12 9 (25.71%) Stakeholder Management
13 7 (20.00%) Computer Science
14 6 (17.14%) Java
14 6 (17.14%) Analytics
14 6 (17.14%) Backtesting
15 5 (14.29%) Degree
15 5 (14.29%) SQL
15 5 (14.29%) VBA
15 5 (14.29%) Microsoft Excel
15 5 (14.29%) Credit Risk
15 5 (14.29%) Statistics
16 4 (11.43%) Banking
16 4 (11.43%) Econometrics
16 4 (11.43%) Validation

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 21 (60.00%) CMS
Applications
1 5 (14.29%) Microsoft Excel
Business Applications
1 2 (5.71%) Endur
Cloud Services
1 3 (8.57%) Power Platform
Database & Business Intelligence
1 3 (8.57%) Power BI
2 2 (5.71%) MySQL
3 1 (2.86%) Data Mining
3 1 (2.86%) SQL Server Analysis Services
3 1 (2.86%) SQL Server Integration Services
3 1 (2.86%) SQL Server Reporting Services
General
1 30 (85.71%) Finance
2 14 (40.00%) Front Office
3 4 (11.43%) Banking
4 2 (5.71%) Back Office
4 2 (5.71%) German Language
Job Titles
1 24 (68.57%) Analyst
2 20 (57.14%) Qualitative Analyst
2 20 (57.14%) Quantitative Analyst
3 13 (37.14%) Developer
4 11 (31.43%) C++ Developer
4 11 (31.43%) Quantitative Developer
5 9 (25.71%) C++ Quantitative Developer
5 9 (25.71%) Front Office C++ Developer
5 9 (25.71%) Front Office Developer
5 9 (25.71%) Risk Analyst
6 8 (22.86%) Analyst Developer
6 8 (22.86%) Developer Analyst
6 8 (22.86%) Quantitative Analyst Developer
7 7 (20.00%) Market Risk Analyst
7 7 (20.00%) Pricing Analyst
7 7 (20.00%) Quantitative Risk Analyst
8 3 (8.57%) Senior Analyst
8 3 (8.57%) Senior Risk Analyst
9 2 (5.71%) Data Analyst
9 2 (5.71%) Senior C++ Developer
Libraries, Frameworks & Software Standards
1 1 (2.86%) .NET
1 1 (2.86%) .NET Core
Miscellaneous
1 26 (74.29%) Derivative
2 21 (60.00%) Swaptions
3 11 (31.43%) Market Risk
4 5 (14.29%) Credit Risk
5 3 (8.57%) Analytical Skills
6 2 (5.71%) Data Structures
6 2 (5.71%) Equities
6 2 (5.71%) Equity Derivative
6 2 (5.71%) Foreign Exchange (FX)
6 2 (5.71%) Management Information System
6 2 (5.71%) Self-Motivation
7 1 (2.86%) Algorithms
7 1 (2.86%) Reinsurance
Operating Systems
1 1 (2.86%) Linux
Processes & Methodologies
1 29 (82.86%) Mathematics
2 28 (80.00%) Stochastic Calculus
3 24 (68.57%) Quantitative Finance
4 22 (62.86%) Physics
5 21 (60.00%) Brownian Motion
6 16 (45.71%) Computational Finance
7 11 (31.43%) Decision-Making
8 9 (25.71%) Stakeholder Management
9 7 (20.00%) Computer Science
10 6 (17.14%) Analytics
10 6 (17.14%) Backtesting
11 5 (14.29%) Statistics
12 4 (11.43%) Econometrics
12 4 (11.43%) Validation
13 3 (8.57%) Data Science
13 3 (8.57%) Historical Simulation
14 2 (5.71%) Economics
14 2 (5.71%) Quantitative Research
14 2 (5.71%) Risk Analytics
14 2 (5.71%) Time Series Analysis
Programming Languages
1 26 (74.29%) C++
2 11 (31.43%) Python
3 6 (17.14%) Java
4 5 (14.29%) SQL
4 5 (14.29%) VBA
5 3 (8.57%) C#
5 3 (8.57%) R
6 1 (2.86%) MATLAB
6 1 (2.86%) T-SQL
Qualifications
1 20 (57.14%) PhD
2 5 (14.29%) Degree
3 2 (5.71%) Numerate Degree
3 2 (5.71%) Postgraduate
4 1 (2.86%) Computer Science Degree
4 1 (2.86%) Master's Degree
Quality Assurance & Compliance
1 2 (5.71%) Basel II
1 2 (5.71%) Basel III
1 2 (5.71%) QA
Vendors
1 2 (5.71%) Microsoft
1 2 (5.71%) MicroStrategy
1 2 (5.71%) OpenLink
1 2 (5.71%) Oracle
1 2 (5.71%) SIMUL8