The table below looks at the statistics for the Principal Engineer role in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Principal Engineer in their job title over the 3 months to 18 September 2014 with a comparison to the same period in the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
18 Sep 2014
Same period 2013 Same period 2012
Principal Engineer
Rank - - 218
Contract jobs requiring a Principal Engineer 0 0 4
As % of all contract IT jobs located in the City of London - - 0.052%
As % of the Job Titles category - - 0.056%
Number of daily rates quoted 0 0 4
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
- - £388
UK excluding London average daily rate £438 £400 £350
% change year-on-year
+9.37% +14.28%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate £52.72 £51.00 £35.00
% change year-on-year
+3.36% +45.71%
Principal Engineer
London

The following table is for comparison with the above and provides statistics for the entire Job Titles category in contract jobs advertised in the City of London region. Most job vacancies include a discernible job title. As such the figures in the first row provide an indication of the total number of contract jobs in the overall sample.

Job Titles Category
City of London
Contract IT job ads with a match in the
Job Titles category
5454 6536 7200
As % of all contract IT jobs located in the City of London 92.47% 92.37% 92.78%
Number of daily rates quoted 3999 4755 5149
Average daily rate £450 £450 £450
90% offered a daily rate of more than £275 £275 £275
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £360 £350 £345
% change year-on-year
+2.85% +1.44%
Number of hourly rates quoted 101 136 180
Average hourly rate £17.50 £19.50 £19.00
Average hourly rate % change year-on-year
-10.25% +2.63%
90% offered a hourly rate of more than £12.45 £11.50 £11.00
10% offered a hourly rate of more than £32.82 £30.25 £43.57
UK excluding London average hourly rate £16.50 £16.00 £17.50
% change year-on-year
+3.12% -8.57%

Principal Engineer
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Principal Engineer in the job title across the City of London region as a proportion of the total demand within the Job Titles category.

Principal Engineer Jobs Demand Trend in the City of London

Principal Engineer
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Principal Engineer across the City of London region.

Principal Engineer Daily Rate Trend in the City of London
City, London
Oliver Bernard
Rate: From £600 to £650 per day
Posted: 6 days ago