The median contractor rate for a Software Engineer was £600 per day in advertised job vacancies in the City of London during the 6 months to 20 October 2021.
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.
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.
Contract vacancies in the City of London with a recognized job title
3,607
1,653
5,567
% of contract IT jobs with a recognized job title
92.77%
91.88%
93.89%
Number of daily rates quoted
2,728
1,254
4,413
10th Percentile
£350
£306
£313
25th Percentile
£461
£413
£413
Median daily rate (50th Percentile)
£550
£511
£513
Median % change year-on-year
+7.58%
-0.24%
+2.50%
75th Percentile
£650
£600
£600
90th Percentile
£748
£675
£675
Central London median daily rate
£550
£511
£500
% change year-on-year
+7.58%
+2.25%
-
Number of hourly rates quoted
38
25
70
10th Percentile
£13.88
£15.50
£11.70
25th Percentile
£18.94
£20.00
£13.31
Median hourly rate
£28.25
£35.50
£19.50
Median % change year-on-year
-20.42%
+82.05%
+4.28%
75th Percentile
£37.75
£46.00
£23.69
90th Percentile
£62.05
£47.75
£49.15
Central London median hourly rate
£30.25
£33.50
£20.50
% change year-on-year
-9.70%
+63.41%
+9.63%
Software Engineer Job Vacancy Trend in the City of London
Job postings that featured Software Engineer in the job title as a proportion of all IT jobs advertised in the City of London.
Software Engineer Contractor Daily Rate Trend in the City of London
3-month moving average daily rate quoted in jobs citing Software Engineer in the City of London.
Software Engineer Daily Rate Histogram in the City of London
Daily rate distribution for jobs citing Software Engineer in the City of London over the 6 months to 20 October 2021.
Software Engineer Contractor Hourly Rate Trend in the City of London
3-month moving average hourly rates quoted in jobs citing Software Engineer in the City of London.
Software Engineer Skill Set Top 30 Co-occurring IT Skills in the City of London
For the 6 months to 20 October 2021, Software 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 Software Engineer in the job title.
Software 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:
