Principal Software Engineer
UK
The median Principal Software Engineer daily rate in the UK is £600 according to job vacancies posted during the 6 months to 7 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 7 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 555 | 680 | 836 |
| Rank change year-on-year | +125 | +156 | -146 |
| Contract jobs requiring a Principal Software Engineer | 30 | 13 | 13 |
| As % of all contract jobs advertised in the UK | 0.070% | 0.022% | 0.015% |
| As % of the Job Titles category | 0.076% | 0.024% | 0.015% |
| Number of daily rates quoted | 9 | 4 | 8 |
| 10th Percentile | - | £523 | £425 |
| 25th Percentile | £563 | £613 | £481 |
| Median daily rate (50th Percentile) | £600 | £713 | £513 |
| Median % change year-on-year | -15.79% | +39.02% | +2.50% |
| 75th Percentile | £625 | £750 | £547 |
| 90th Percentile | - | - | £635 |
| UK excluding London median daily rate | - | - | £475 |
| % change year-on-year | - | - | -5.00% |
| Number of hourly rates quoted | 21 | 2 | 2 |
| 10th Percentile | £59.02 | £50.74 | £49.63 |
| 25th Percentile | - | £53.95 | £50.21 |
| Median hourly rate | £80.00 | £61.10 | £51.79 |
| Median % change year-on-year | +30.94% | +17.97% | +2.11% |
| 75th Percentile | - | £66.45 | £52.75 |
| 90th Percentile | - | £68.58 | £52.95 |
| UK excluding London median hourly rate | £80.00 | £70.00 | £51.79 |
| % change year-on-year | +14.29% | +35.16% | +2.11% |
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 | 39,719 | 54,978 | 83,963 |
| % of contract IT jobs with a recognized job title | 92.74% | 94.64% | 95.46% |
| Number of daily rates quoted | 25,839 | 38,395 | 59,001 |
| 10th Percentile | £280 | £313 | £313 |
| 25th Percentile | £410 | £425 | £425 |
| Median daily rate (50th Percentile) | £525 | £540 | £525 |
| Median % change year-on-year | -2.78% | +2.86% | +10.53% |
| 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 | 2,655 | 1,545 | 2,052 |
| 10th Percentile | £12.86 | £14.25 | £12.50 |
| 25th Percentile | £16.30 | £19.25 | £15.63 |
| 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 | £72.74 | £76.40 | £63.75 |
| UK excluding London median hourly rate | £40.00 | £42.50 | £19.52 |
| % change year-on-year | -5.88% | +117.73% | +2.74% |
Principal Software Engineer
Job Vacancy Trend
Job postings that featured Principal Software Engineer in the job title as a proportion of all IT jobs advertised.
Principal Software Engineer
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Principal Software Engineer.
Principal Software Engineer
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Principal Software Engineer.
Principal Software Engineer
Hourly Rate Histogram
Hourly rate distribution of jobs citing Principal Software Engineer over the 6 months to 7 May 2024.
Principal Software Engineer
Top 8 Contract Locations
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Principal Software Engineer within the UK over the 6 months to 7 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 | +122 | 30 | £600 | +4.35% | 41 |
| UK excluding London | +87 | 21 | - | - | 28 |
| East of England | - | 14 | - | - | 8 |
| London | +91 | 8 | £600 | +26.32% | 14 |
| South East | +24 | 5 | - | - | 9 |
| Work from Home | +125 | 3 | £600 | -20.00% | 23 |
| North of England | - | 2 | - | - | 2 |
| North West | - | 2 | - | - | 2 |
Principal Software Engineer Skill Set
Top 30 Co-occurring Skills and Capabilities
For the 6 months to 7 May 2024, Principal Software 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 Software Engineer in the job title.
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Principal Software 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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