Period
to 23 January 2022

The median contractor rate for a Principal Engineer was £550 per day in advertised job vacancies in the City of London during the 6 months to 23 January 2022.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Principal Engineer
Central London > City of London
6 months to
23 Jan 2022
Same period 2021 Same period 2020
Rank 184 126 -
Rank change year-on-year -58 - -
Contract jobs requiring a Principal Engineer 3 2 0
As % of all contract jobs advertised in the City of London 0.076% 0.096% -
As % of the Job Titles category 0.082% 0.10% -
Number of daily rates quoted 3 2 0
10th Percentile - £524 -
25th Percentile £500 £524 -
Median daily rate (50th Percentile) £550 £549 -
Median % change year-on-year +0.23% - -
75th Percentile £600 £574 -
90th Percentile - £575 -
Central London median daily rate £550 £549 £475
% change year-on-year +0.23% +15.53% -32.14%

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in the City of London. 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.

All Contract IT Job Vacancies
City of London
Contract vacancies in the City of London with a recognized job title 3,641 1,921 4,624
% of contract IT jobs with a recognized job title 92.34% 92.44% 93.47%
Number of daily rates quoted 2,822 1,454 3,632
10th Percentile £358 £306 £300
25th Percentile £463 £413 £413
Median daily rate (50th Percentile) £550 £518 £500
Median % change year-on-year +6.28% +3.50% -
75th Percentile £650 £603 £600
90th Percentile £750 £688 £675
Central London median daily rate £550 £513 £500
% change year-on-year +7.32% +2.50% -
Number of hourly rates quoted 46 19 60
10th Percentile £13.88 £16.15 £12.38
25th Percentile £18.63 £20.50 £14.19
Median hourly rate £34.75 £23.00 £19.75
Median % change year-on-year +51.09% +16.46% +5.61%
75th Percentile £51.50 £36.88 £25.50
90th Percentile £62.50 £46.35 £49.50
Central London median hourly rate £35.00 £24.75 £20.00
% change year-on-year +41.41% +23.75% +6.95%

Principal Engineer
Job Vacancy Trend in the City of London

Job postings that featured Principal Engineer in the job title as a proportion of all IT jobs advertised in the City of London.

Job vacancy trend for Principal Engineer in the City of London

Principal Engineer
Contractor Daily Rate Trend in the City of London

3-month moving average daily rate quoted in jobs citing Principal Engineer in the City of London.

Daily rate trend for Principal Engineer in the City of London

Principal Engineer Skill Set
Top 17 Co-occurring IT Skills in the City of London

For the 6 months to 23 January 2022, Principal Engineer contract jobs required the following IT skills in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads across the City of London region featuring Principal Engineer in the job title.

1 3 (100.00%) Broadband
1 3 (100.00%) VPN
1 3 (100.00%) SLA
1 3 (100.00%) Cisco
1 3 (100.00%) IPv6
1 3 (100.00%) Nagios
1 3 (100.00%) MPLS
1 3 (100.00%) OSPF
1 3 (100.00%) BGP
1 3 (100.00%) Firewall
1 3 (100.00%) Migration
1 3 (100.00%) Network Design
1 3 (100.00%) Network Security
1 3 (100.00%) SolarWinds
1 3 (100.00%) Network Monitoring
1 3 (100.00%) Multicast
1 3 (100.00%) Data Centre

Principal Engineer Skill Set
Co-occurring IT Skills in the City of London 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:

Communications & Networking
1 3 (100.00%) BGP
1 3 (100.00%) Broadband
1 3 (100.00%) Firewall
1 3 (100.00%) IPv6
1 3 (100.00%) MPLS
1 3 (100.00%) Multicast
1 3 (100.00%) Network Security
1 3 (100.00%) OSPF
1 3 (100.00%) VPN
Miscellaneous
1 3 (100.00%) Data Centre
Processes & Methodologies
1 3 (100.00%) Migration
1 3 (100.00%) Network Design
1 3 (100.00%) Network Monitoring
Quality Assurance & Compliance
1 3 (100.00%) SLA
Systems Management
1 3 (100.00%) Nagios
Vendors
1 3 (100.00%) Cisco
1 3 (100.00%) SolarWinds