Period
to 29 May 2020

The median contractor rate for a Software Engineer was £575 per day in advertised job vacancies in London during the 6 months to 29 May 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
England > London
6 months to
29 May 2020
Same period 2019 Same period 2018
Rank 150 263 287
Rank change year-on-year +113 +24 +30
Contract jobs requiring a Software Engineer 346 406 407
As % of all contract jobs advertised in London 1.80% 1.01% 0.89%
As % of the Job Titles category 1.92% 1.07% 0.94%
Number of daily rates quoted 254 254 310
Median daily rate £575 £525 £500
Median daily rate % change year-on-year +9.52% +5.00% +8.11%
10th Percentile £413 £400 £370
90th Percentile £763 £659 £650
England median daily rate £510 £450 £450
% change year-on-year +13.22% - +5.88%
Number of hourly rates quoted 19 30 27
Median hourly rate £50.00 £50.00 £45.00
Median hourly rate % change year-on-year - +11.11% +5.88%
10th Percentile £34.69 £35.93 £41.05
90th Percentile £66.33 £55.05 £49.69
England median hourly rate £47.50 £45.00 £42.75
% change year-on-year +5.56% +5.26% +0.59%

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in 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
London
Contract vacancies in London with a recognized job title 17,985 37,894 43,238
% of contract IT jobs with a recognized job title 93.53% 94.29% 94.83%
Number of daily rates quoted 12,439 27,023 31,222
Median daily rate £500 £500 £500
10th Percentile £308 £315 £313
90th Percentile £700 £675 £675
England median daily rate £475 £475 £450
% change year-on-year - +5.56% +4.65%
Number of hourly rates quoted 321 492 675
Median hourly rate £35.00 £21.45 £21.50
Median hourly rate % change year-on-year +63.19% -0.24% -4.44%
10th Percentile £14.97 £12.50 £13.00
90th Percentile £53.75 £53.75 £49.79
Median hourly rate £21.50 £19.50 £18.70
% change year-on-year +10.26% +4.28% -1.58%

Software Engineer
Job Vacancy Trend in London

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

Job vacancy trend for Software Engineer in London

Software Engineer
Contractor Daily Rate Trend in London

3-month moving average daily rate quoted in jobs citing Software Engineer in London.

Daily rate trend for Software Engineer in London

Software Engineer
Daily Rate Histogram in London

Daily rate distribution for jobs citing Software Engineer in London over the 6 months to 29 May 2020.

Daily rate histogram for Software Engineer in London

Software Engineer
Contractor Hourly Rate Trend in London

3-month moving average hourly rates quoted in jobs citing Software Engineer in London.

Hourly rate trend for Software Engineer in London

Software Engineer
Hourly Rate Histogram in London

Hourly rate distribution of jobs citing Software Engineer in London over the 6 months to 29 May 2020.

Hourly rate histogram for Software Engineer in London

Software Engineer
Contract Job Locations in 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 London region over the 6 months to 29 May 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
Central London +60 33 £538 +2.38% 28
South London +39 18 £550 -8.33% 7
West London +43 11 £345 -37.27% 19
East London +50 6 £630 +68.00% 5
Software Engineer
England

Software Engineer Skill Set
Top 30 Co-occurring IT Skills in London

For the 6 months to 29 May 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 London region featuring Software Engineer in the job title.

1 342 (98.84%) Software Engineering
2 177 (51.16%) Java
3 170 (49.13%) Agile Software Development
4 160 (46.24%) JavaScript
5 157 (45.38%) AWS
6 147 (42.49%) Web Services
7 135 (39.02%) Finance
8 130 (37.57%) Python
9 103 (29.77%) React
10 102 (29.48%) Asset Management
11 89 (25.72%) Microservices
11 89 (25.72%) DevOps
12 83 (23.99%) AngularJS
13 79 (22.83%) Front Office
14 77 (22.25%) Azure
15 76 (21.97%) C#
16 74 (21.39%) Hedge funds
17 73 (21.10%) SQL
18 65 (18.79%) Fixed Income
19 56 (16.18%) Investment Management
20 53 (15.32%) Vue.js
20 53 (15.32%) Jenkins
21 52 (15.03%) Derivative
22 49 (14.16%) TDD
23 46 (13.29%) Banking
23 46 (13.29%) Docker
23 46 (13.29%) GCP
24 45 (13.01%) Foreign Exchange (FX)
24 45 (13.01%) .NET
25 43 (12.43%) Kubernetes

Software Engineer Skill Set
Co-occurring IT Skills in 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:

Application Platforms
1 20 (5.78%) Apache
2 17 (4.91%) WebLogic
3 10 (2.89%) Tomcat
4 9 (2.60%) Elasticsearch
5 8 (2.31%) Oracle SOA Suite
5 8 (2.31%) SAS
6 5 (1.45%) Confluence
6 5 (1.45%) Mendix
7 3 (0.87%) Apache Spark
7 3 (0.87%) IIS
8 2 (0.58%) Cloud Foundry
8 2 (0.58%) CMS
9 1 (0.29%) EPiServer
Applications
1 1 (0.29%) Blender
1 1 (0.29%) Chatbot
1 1 (0.29%) Microsoft Excel
1 1 (0.29%) MODO
Business Applications
1 5 (1.45%) Oracle ERP
2 4 (1.16%) SAP Oil and Gas
3 2 (0.58%) FINCAD Analytics
4 1 (0.29%) SAP Hybris
Cloud Services
1 157 (45.38%) AWS
2 77 (22.25%) Azure
3 46 (13.29%) GCP
4 32 (9.25%) Serverless
5 30 (8.67%) AWS Lambda
6 16 (4.62%) Amazon EC2
7 10 (2.89%) PaaS
7 10 (2.89%) SaaS
8 9 (2.60%) Amazon ECS
8 9 (2.60%) Apigee
9 7 (2.02%) OpenShift
10 5 (1.45%) Datadog
10 5 (1.45%) GitHub
10 5 (1.45%) Power Platform
11 4 (1.16%) Amazon S3
11 4 (1.16%) Amazon SQS
12 3 (0.87%) AWS Step Functions
12 3 (0.87%) Azure Data Factory
12 3 (0.87%) Azure Functions
13 2 (0.58%) AWS CloudFormation
Communications & Networking
1 5 (1.45%) HTTP
2 3 (0.87%) DHCP
2 3 (0.87%) DNS
2 3 (0.87%) DVB
2 3 (0.87%) Firewall
3 2 (0.58%) DSL
3 2 (0.58%) SSL
4 1 (0.29%) Asterisk PBX
4 1 (0.29%) Kerberos
4 1 (0.29%) VoIP
4 1 (0.29%) ZigBee
Database & Business Intelligence
1 37 (10.69%) Amazon RDS
2 30 (8.67%) PostgreSQL
2 30 (8.67%) SQL Server
3 27 (7.80%) MySQL
3 27 (7.80%) Relational Database
4 26 (7.51%) RDBMS
5 21 (6.07%) Amazon Aurora
5 21 (6.07%) NoSQL
6 17 (4.91%) MongoDB
7 14 (4.05%) Redis
8 9 (2.60%) Amazon Redshift
8 9 (2.60%) Microsoft Analysis Services
8 9 (2.60%) SQL Server Analysis Services
9 8 (2.31%) Base SAS
9 8 (2.31%) Data Warehouse
9 8 (2.31%) SAS Data Integration Studio
10 7 (2.02%) Data Lake
11 6 (1.73%) Pentaho
12 5 (1.45%) Apache Cassandra
12 5 (1.45%) BusinessObjects XI
Development Applications
1 53 (15.32%) Jenkins
2 40 (11.56%) Git (software)
3 25 (7.23%) GitLab
4 20 (5.78%) Visual Studio Team System
5 19 (5.49%) JIRA
6 17 (4.91%) RStudio
7 15 (4.34%) Gradle
8 14 (4.05%) Maven
9 12 (3.47%) SoapUI
10 11 (3.18%) Postman
11 9 (2.60%) Artifactory
12 8 (2.31%) JUnit
13 7 (2.02%) CircleCI
13 7 (2.02%) Cucumber
13 7 (2.02%) Subversion
14 6 (1.73%) Clang
14 6 (1.73%) Mocha
15 5 (1.45%) TestCafe
16 4 (1.16%) gulp
16 4 (1.16%) webpack
General
1 135 (39.02%) Finance
2 79 (22.83%) Front Office
3 46 (13.29%) Banking
4 27 (7.80%) Investment Banking
5 7 (2.02%) Back Office
6 6 (1.73%) Public Sector
7 4 (1.16%) Automotive
7 4 (1.16%) Electronics
8 2 (0.58%) Law
8 2 (0.58%) Manufacturing
8 2 (0.58%) Pharmaceutical
8 2 (0.58%) Private Banking
8 2 (0.58%) Publishing
8 2 (0.58%) Retail
8 2 (0.58%) Retail Banking
9 1 (0.29%) Advertising
9 1 (0.29%) Aerospace
9 1 (0.29%) Marketing
9 1 (0.29%) Telecoms
Libraries, Frameworks & Software Standards
1 147 (42.49%) Web Services
2 103 (29.77%) React
3 83 (23.99%) AngularJS
4 53 (15.32%) Vue.js
5 45 (13.01%) .NET
6 41 (11.85%) Node.js
7 32 (9.25%) gRPC
8 31 (8.96%) .NET Core
9 30 (8.67%) CSS
9 30 (8.67%) HTML
10 26 (7.51%) ASP.NET
11 25 (7.23%) Spring
12 23 (6.65%) Protocol Buffers
12 23 (6.65%) RESTful
13 20 (5.78%) REST
14 16 (4.62%) Kafka
15 15 (4.34%) J2EE
16 14 (4.05%) JSON
16 14 (4.05%) SOAP
16 14 (4.05%) XML
Miscellaneous
1 74 (21.39%) Hedge funds
2 65 (18.79%) Fixed Income
3 52 (15.03%) Derivative
4 45 (13.01%) Foreign Exchange (FX)
5 42 (12.14%) Analytical Skills
5 42 (12.14%) Equities
6 28 (8.09%) Greenfield Project
7 18 (5.20%) Reference Data
8 12 (3.47%) Algorithms
9 8 (2.31%) Data Structures
10 6 (1.73%) Mobile App
11 5 (1.45%) Public Cloud
11 5 (1.45%) Self-Motivation
12 4 (1.16%) Embedded Systems
12 4 (1.16%) Video\Live Streaming
12 4 (1.16%) Virtual Team
13 3 (0.87%) Digital TV
13 3 (0.87%) Interactive TV
13 3 (0.87%) IPTV
13 3 (0.87%) User Experience
Operating Systems
1 30 (8.67%) Linux
2 23 (6.65%) Windows
3 7 (2.02%) Android
3 7 (2.02%) Unix
4 3 (0.87%) Apple iOS
4 3 (0.87%) Embedded Linux
4 3 (0.87%) Windows 10
4 3 (0.87%) Windows 7
4 3 (0.87%) Windows Server 2008
4 3 (0.87%) Windows Server 2012
4 3 (0.87%) Windows Server 2016
5 2 (0.58%) Debian
6 1 (0.29%) CentOS
6 1 (0.29%) Red Hat Enterprise Linux
6 1 (0.29%) Ubuntu
Processes & Methodologies
1 342 (98.84%) Software Engineering
2 170 (49.13%) Agile Software Development
3 102 (29.48%) Asset Management
4 89 (25.72%) DevOps
4 89 (25.72%) Microservices
5 56 (16.18%) Investment Management
6 49 (14.16%) TDD
7 43 (12.43%) Front End Development
8 38 (10.98%) Test Automation
9 34 (9.83%) Scrum
10 33 (9.54%) Fintech
11 32 (9.25%) Analytics
12 30 (8.67%) Decision-Making
13 24 (6.94%) BDD
14 23 (6.65%) Computer Science
15 22 (6.36%) Business Analysis
15 22 (6.36%) Mentoring
16 20 (5.78%) Machine Learning
16 20 (5.78%) Visualisation
17 19 (5.49%) Portfolio Management
Programming Languages
1 177 (51.16%) Java
2 160 (46.24%) JavaScript
3 130 (37.57%) Python
4 76 (21.97%) C#
5 73 (21.10%) SQL
6 29 (8.38%) C++
7 26 (7.51%) R
8 17 (4.91%) PL/SQL
9 14 (4.05%) Scala
10 12 (3.47%) Kotlin
11 11 (3.18%) TypeScript
12 10 (2.89%) Java 8
13 9 (2.60%) F#
13 9 (2.60%) Go
14 8 (2.31%) SAS Macro
14 8 (2.31%) Shell Script
15 7 (2.02%) Objective-C
15 7 (2.02%) Perl
16 6 (1.73%) C
16 6 (1.73%) Ruby
Qualifications
1 30 (8.67%) Security Cleared
2 24 (6.94%) SC Cleared
3 18 (5.20%) Degree
4 7 (2.02%) Computer Science Degree
5 6 (1.73%) Master's Degree
6 4 (1.16%) PhD
7 2 (0.58%) DV Cleared
8 1 (0.29%) BPSS Clearance
Quality Assurance & Compliance
1 18 (5.20%) Data Quality
2 12 (3.47%) QA
3 2 (0.58%) WCAG
4 1 (0.29%) Disclosure Scotland
System Software
1 46 (13.29%) Docker
2 3 (0.87%) Active Directory
2 3 (0.87%) VMware ESXi
2 3 (0.87%) vSphere
3 1 (0.29%) Firmware
Systems Management
1 43 (12.43%) Kubernetes
2 17 (4.91%) Terraform
3 4 (1.16%) Kibana
4 3 (0.87%) Ansible
5 2 (0.58%) CFEngine
5 2 (0.58%) Puppet
6 1 (0.29%) Docker Swarm
6 1 (0.29%) Graphite
6 1 (0.29%) Opscode Chef
6 1 (0.29%) Prometheus
Vendors
1 35 (10.12%) Oracle
2 34 (9.83%) Google
3 13 (3.76%) SAP
4 10 (2.89%) hybris
4 10 (2.89%) Microsoft
5 5 (1.45%) OutSystems
6 4 (1.16%) Adobe
6 4 (1.16%) Gigya
7 3 (0.87%) Bloomberg
7 3 (0.87%) FXall
8 2 (0.58%) IBM
8 2 (0.58%) Sybase
8 2 (0.58%) Tableau
9 1 (0.29%) BMC
9 1 (0.29%) CA Agile Central
9 1 (0.29%) New Relic
9 1 (0.29%) Roku
9 1 (0.29%) Splunk
9 1 (0.29%) WorldPay
9 1 (0.29%) WSO2