Period
to 21 November 2017

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 21 November 2017 with a comparison to the same period in the previous 2 years.

Monte Carlo Simulation
UK
6 months to
21 Nov 2017
Same period 2016 Same period 2015
Rank 1161 1198 1213
Rank change year-on-year +37 +15 +1
Permanent jobs citing Monte Carlo Method 45 45 88
As % of all permanent IT jobs advertised in the UK 0.025% 0.024% 0.040%
As % of the Processes & Methodologies category 0.028% 0.027% 0.046%
Number of salaries quoted 45 29 52
UK median annual salary £90,000 £55,000 £62,500
Median salary % change year-on-year +63.64% -12.00% -7.41%
10th Percentile £44,550 £33,000 £22,150
90th Percentile £130,000 £97,500 £100,000
UK excluding London median annual salary £45,750 £34,000 £45,000
% change year-on-year +34.56% -24.44% +95.65%

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 162655 168863 192975
As % of all permanent IT jobs advertised in the UK 89.90% 89.39% 88.79%
Number of salaries quoted 128479 140408 158967
UK median annual salary £50,000 £49,500 £47,500
Median salary % change year-on-year +1.01% +4.21% +5.56%
10th Percentile £28,750 £28,000 £27,500
90th Percentile £80,000 £78,750 £77,500
UK excluding London median annual salary £44,000 £42,500 £42,500
% change year-on-year +3.53% - +6.25%

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
Salary Trend

This chart provides the 3-month moving average for salaries quoted in permanent IT jobs citing Monte Carlo Method.

Salary trend for Monte Carlo Method in the UK

Monte Carlo Method
Salary Histogram

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

Salary histogram for Monte Carlo Method in the UK

Monte Carlo Method
Top 8 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 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
Permanent
IT Job Ads
Median Salary
Past 6 Months
Median Salary
% Change
on Same Period
Last Year
Live
Job
Vacancies
England +32 45 £90,000 +63.64% 8
London +41 37 £102,500 +64.00% 5
UK excluding London +9 8 £45,750 +34.56% 4
North of England +9 4 £43,250 +27.21% 2
South East +44 3 £65,000 -18.75% 1
Yorkshire +22 3 £40,000 +6.67%
South West +13 1 £38,000 -49.33%
North East - 1 £72,500 -

For the 6 months to 21 November 2017, IT 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 job ads with a requirement for Monte Carlo Method.

1 35 (77.78%) Finance
2 28 (62.22%) Mathematics
3 23 (51.11%) Statistics
4 21 (46.67%) SQL
5 20 (44.44%) Banking
6 18 (40.00%) C++
6 18 (40.00%) Stochastic Calculus
7 17 (37.78%) Python
7 17 (37.78%) Front Office
7 17 (37.78%) Risk Management
8 16 (35.56%) Validation
8 16 (35.56%) Investment Banking
9 14 (31.11%) Physics
9 14 (31.11%) Derivative
10 12 (26.67%) QA
11 10 (22.22%) PhD
11 10 (22.22%) R
12 9 (20.00%) Computer Science
13 8 (17.78%) Fintech
13 8 (17.78%) Microsoft Excel
13 8 (17.78%) Foreign Exchange (FX)
13 8 (17.78%) MATLAB
13 8 (17.78%) Degree
13 8 (17.78%) Machine Learning
14 7 (15.56%) Analytics
14 7 (15.56%) Deep Learning
14 7 (15.56%) Bayesian Methods
15 6 (13.33%) Natural Language Processing
15 6 (13.33%) Change Control
15 6 (13.33%) Data Quality

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 4 (8.89%) SAS
2 1 (2.22%) Apache Spark
Applications
1 8 (17.78%) Microsoft Excel
2 3 (6.67%) SPSS
3 1 (2.22%) Doxygen
3 1 (2.22%) LaTeX
Business Applications
1 4 (8.89%) ReMetrica
Cloud Services
1 1 (2.22%) Amazon AWS
1 1 (2.22%) Azure Machine Learning
1 1 (2.22%) Microsoft Azure
Database & Business Intelligence
1 6 (13.33%) PostgreSQL
2 3 (6.67%) MS Access
3 1 (2.22%) Big Data
3 1 (2.22%) Data Mining
3 1 (2.22%) GIS
3 1 (2.22%) Hadoop
3 1 (2.22%) NoSQL
3 1 (2.22%) SQL Server
Development Applications
1 2 (4.44%) Git (software)
2 1 (2.22%) Bitbucket
2 1 (2.22%) Subversion
General
1 35 (77.78%) Finance
2 20 (44.44%) Banking
3 17 (37.78%) Front Office
4 16 (35.56%) Investment Banking
5 6 (13.33%) Financial Institution
6 5 (11.11%) Advertising
6 5 (11.11%) Back Office
Job Titles
1 20 (44.44%) Developer
2 19 (42.22%) Analyst
3 17 (37.78%) Qualitative Analyst
3 17 (37.78%) Quantitative Analyst
4 15 (33.33%) Quantitative Developer
5 12 (26.67%) C++ Developer
5 12 (26.67%) C++ Quantitative Developer
6 9 (20.00%) Analyst Developer
6 9 (20.00%) C++ Analyst Developer
6 9 (20.00%) Quantitative Analyst Developer
7 8 (17.78%) Data Scientist
8 4 (8.89%) SQL Developer
9 3 (6.67%) Machine Learning Scientist
9 3 (6.67%) Senior Analyst
9 3 (6.67%) Senior Data Scientist
10 2 (4.44%) Consultant
10 2 (4.44%) Junior
10 2 (4.44%) Risk Analyst
11 1 (2.22%) Senior Business Analyst
11 1 (2.22%) Senior Consultant
Libraries, Frameworks & Software Standards
1 6 (13.33%) Keras
1 6 (13.33%) Natural Language Processing
1 6 (13.33%) TensorFlow
1 6 (13.33%) Theano
2 4 (8.89%) .NET
3 2 (4.44%) Boost C++ Libraries
3 2 (4.44%) STL
4 1 (2.22%) OpenCL
Miscellaneous
1 14 (31.11%) Derivative
2 9 (20.00%) Computer Science
3 8 (17.78%) Fintech
3 8 (17.78%) Foreign Exchange (FX)
4 6 (13.33%) Management Information System
5 5 (11.11%) Algorithms
5 5 (11.11%) Hedge funds
5 5 (11.11%) Swaptions
6 4 (8.89%) Analytical Skills
6 4 (8.89%) Equities
6 4 (8.89%) Reinsurance
7 3 (6.67%) Data Structures
7 3 (6.67%) Fixed Income
8 2 (4.44%) Credit Risk
8 2 (4.44%) Market Risk
8 2 (4.44%) OTC Derivatives
9 1 (2.22%) CUDA
9 1 (2.22%) Equity Derivative
Operating Systems
1 5 (11.11%) Windows
2 1 (2.22%) Linux
2 1 (2.22%) Unix
Processes & Methodologies
1 28 (62.22%) Mathematics
2 23 (51.11%) Statistics
3 18 (40.00%) Stochastic Calculus
4 17 (37.78%) Risk Management
5 16 (35.56%) Validation
6 14 (31.11%) Physics
7 8 (17.78%) Machine Learning
8 7 (15.56%) Analytics
8 7 (15.56%) Bayesian Methods
8 7 (15.56%) Deep Learning
9 6 (13.33%) Bioinformatics
9 6 (13.33%) Change Control
9 6 (13.33%) Statistical Analysis
10 5 (11.11%) Financial Analysis
10 5 (11.11%) Greeks
11 4 (8.89%) Asset Management
11 4 (8.89%) Fund Management
11 4 (8.89%) Portfolio Management
11 4 (8.89%) Software Engineering
11 4 (8.89%) Stress Testing
Programming Languages
1 21 (46.67%) SQL
2 18 (40.00%) C++
3 17 (37.78%) Python
4 10 (22.22%) R
5 8 (17.78%) MATLAB
6 6 (13.33%) VBA
7 4 (8.89%) Java
8 2 (4.44%) C#
9 1 (2.22%) C
9 1 (2.22%) Fortran
9 1 (2.22%) Lisp
9 1 (2.22%) PL/SQL
9 1 (2.22%) PowerShell
9 1 (2.22%) Scala
9 1 (2.22%) T-SQL
Qualifications
1 10 (22.22%) PhD
2 8 (17.78%) Degree
3 4 (8.89%) Numerate Degree
4 2 (4.44%) Master's Degree
5 1 (2.22%) Postgraduate
5 1 (2.22%) Security Cleared
Quality Assurance & Compliance
1 12 (26.67%) QA
2 6 (13.33%) Data Quality
Vendors
1 1 (2.22%) Google
1 1 (2.22%) Oracle
1 1 (2.22%) Twitter