Principal Engineer
UK
The median Principal Engineer daily rate in the UK is £600 according to job vacancies posted during the 6 months to 18 May 2024.
The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.
| 6 months to 18 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 422 | 592 | 769 |
| Rank change year-on-year | +170 | +177 | -89 |
| Contract jobs requiring a Principal Engineer | 149 | 95 | 75 |
| As % of all contract jobs advertised in the UK | 0.35% | 0.17% | 0.086% |
| As % of the Job Titles category | 0.38% | 0.18% | 0.090% |
| Number of daily rates quoted | 27 | 46 | 47 |
| 10th Percentile | £525 | £481 | £500 |
| 25th Percentile | £544 | £605 | £514 |
| Median daily rate (50th Percentile) | £600 | £725 | £615 |
| Median % change year-on-year | -17.24% | +17.89% | +11.82% |
| 75th Percentile | £725 | £788 | £688 |
| 90th Percentile | £800 | £838 | £775 |
| UK excluding London median daily rate | £550 | £600 | £638 |
| % change year-on-year | -8.33% | -5.88% | +27.50% |
| Number of hourly rates quoted | 109 | 17 | 14 |
| 10th Percentile | £50.00 | £51.19 | £49.48 |
| 25th Percentile | £56.25 | £65.00 | £50.38 |
| Median hourly rate | £67.50 | £83.31 | £54.41 |
| Median % change year-on-year | -18.98% | +53.13% | +0.55% |
| 75th Percentile | £77.00 | £83.40 | £72.54 |
| 90th Percentile | £80.00 | - | £80.57 |
| UK excluding London median hourly rate | £68.75 | £83.31 | £56.48 |
| % change year-on-year | -17.48% | +47.52% | +20.16% |
All Contract IT Job Vacancies
UK
The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.
| Contract vacancies in the UK with a recognized job title | 39,507 | 53,867 | 83,506 |
| % of contract IT jobs with a recognized job title | 92.79% | 94.60% | 95.39% |
| Number of daily rates quoted | 25,718 | 37,620 | 58,687 |
| 10th Percentile | £280 | £313 | £313 |
| 25th Percentile | £410 | £425 | £425 |
| Median daily rate (50th Percentile) | £525 | £544 | £525 |
| Median % change year-on-year | -3.40% | +3.52% | +9.38% |
| 75th Percentile | £638 | £650 | £638 |
| 90th Percentile | £750 | £750 | £738 |
| UK excluding London median daily rate | £490 | £500 | £475 |
| % change year-on-year | -2.00% | +5.26% | +11.76% |
| Number of hourly rates quoted | 2,672 | 1,498 | 2,036 |
| 10th Percentile | £12.82 | £14.25 | £12.50 |
| 25th Percentile | £16.29 | £19.13 | £15.75 |
| Median hourly rate | £36.50 | £45.00 | £23.91 |
| Median % change year-on-year | -18.89% | +88.21% | +6.27% |
| 75th Percentile | £61.30 | £65.75 | £49.25 |
| 90th Percentile | £72.90 | £76.00 | £65.00 |
| UK excluding London median hourly rate | £40.00 | £42.50 | £20.00 |
| % change year-on-year | -5.88% | +112.50% | +5.26% |
Principal Engineer
Job Vacancy Trend
Job postings that featured Principal Engineer in the job title as a proportion of all IT jobs advertised.
Principal Engineer
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Principal Engineer.
Principal Engineer
Daily Rate Histogram
Daily rate distribution for jobs citing Principal Engineer over the 6 months to 18 May 2024.
Principal Engineer
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Principal Engineer.
Principal Engineer
Hourly Rate Histogram
Hourly rate distribution of jobs citing Principal Engineer over the 6 months to 18 May 2024.
Principal Engineer
Top 13 Contract Locations
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Principal Engineer within the UK over the 6 months to 18 May 2024. 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 Jobs |
|---|---|---|---|---|---|
| England | +158 | 130 | £600 | -17.24% | 310 |
| UK excluding London | +128 | 113 | £550 | -8.33% | 255 |
| South East | +61 | 35 | £775 | - | 77 |
| East of England | +33 | 31 | - | - | 65 |
| London | +84 | 25 | £600 | -17.24% | 78 |
| Work from Home | +94 | 19 | £616 | -15.00% | 121 |
| North of England | +37 | 12 | £625 | +13.64% | 53 |
| Midlands | +34 | 12 | £550 | - | 16 |
| South West | +2 | 12 | - | - | 37 |
| West Midlands | - | 12 | £550 | - | 7 |
| Scotland | +47 | 11 | - | - | 12 |
| North West | +28 | 11 | £625 | - | 47 |
| North East | - | 1 | - | - | 1 |
Principal Engineer Skill Set
Top 30 Co-occurring Skills and Capabilities
For the 6 months to 18 May 2024, Principal Engineer contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads featuring Principal Engineer in the job title.
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Principal Engineer Skill Set
Co-occurring Skills and Capabilities by Category
The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:
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