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The median contractor rate for a Software Engineer was £525 per day in advertised job vacancies in the City of London during the 6 months to 2 June 2020. 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.
| Software Engineer |
|
|
6 months to
2 Jun 2020 |
Same period 2019 |
Same period 2018 |
| Rank |
121 |
152 |
181 |
| Rank change year-on-year |
+31 |
+29 |
+5 |
| Contract jobs requiring a Software Engineer |
27 |
82 |
71 |
| As % of all contract jobs advertised in the City of London |
0.90% |
1.28% |
1.02% |
| As % of the Job Titles category |
0.96% |
1.37% |
1.08% |
| Number of daily rates quoted |
21 |
57 |
67 |
| Median daily rate |
£525 |
£525 |
£525 |
| 10th Percentile |
£375 |
£446 |
£370 |
| 90th Percentile |
£638 |
£638 |
£633 |
| Central London median daily rate |
£525 |
£525 |
£500 |
| % change year-on-year |
- |
+5.00% |
- |
| Number of hourly rates quoted |
1 |
2 |
0 |
| Median hourly rate |
£48.50 |
£56.00 |
- |
| Median hourly rate % change year-on-year |
-13.39% |
- |
- |
| Central London median hourly rate |
£48.50 |
£56.00 |
- |
| % change year-on-year |
-13.39% |
- |
- |
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 |
2,808 |
5,988 |
6,599 |
| % of contract IT jobs with a recognized job title |
93.72% |
93.65% |
94.75% |
| Number of daily rates quoted |
2,016 |
4,614 |
5,202 |
| Median daily rate |
£500 |
£523 |
£500 |
| Median daily rate % change year-on-year |
-4.31% |
+4.50% |
+2.56% |
| 10th Percentile |
£300 |
£319 |
£313 |
| 90th Percentile |
£675 |
£675 |
£688 |
| Central London median daily rate |
£500 |
£513 |
£500 |
| % change year-on-year |
-2.44% |
+2.50% |
+5.26% |
| Number of hourly rates quoted |
64 |
66 |
111 |
| Median hourly rate |
£29.88 |
£20.82 |
£18.70 |
| Median hourly rate % change year-on-year |
+43.47% |
+11.35% |
+10.00% |
| 10th Percentile |
£12.50 |
£11.25 |
£12.00 |
| 90th Percentile |
£52.25 |
£56.50 |
£33.75 |
| Median hourly rate |
£33.01 |
£20.25 |
£19.00 |
| % change year-on-year |
+63.02% |
+6.58% |
+12.31% |
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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 2 June 2020.
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
Contract Job Locations in the City of London
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Software Engineer within the City of London region over the 6 months to 2 June 2020. 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
Job
Vacancies |
| Moorgate |
+14 |
2 |
£625 |
- |
|
Software Engineer
Central London |
Software Engineer Skill Set
Top 30 Co-occurring IT Skills in the City of London
For the 6 months to 2 June 2020, 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:
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