Principal Engineer Contracts in the South East

Principal Engineer
England > South East

The median Principal Engineer daily rate in the South East is £775 according to job vacancies posted during the 6 months to 5 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
5 May 2024
Same period 2023 Same period 2022
Rank 161 209 252
Rank change year-on-year +48 +43 -37
Contract jobs requiring a Principal Engineer 35 9 4
As % of all contract jobs advertised in the South East 0.63% 0.16% 0.051%
As % of the Job Titles category 0.69% 0.16% 0.054%
Number of daily rates quoted 2 1 2
10th Percentile - - £358
25th Percentile £750 £608 £385
Median daily rate (50th Percentile) £775 £615 £450
Median % change year-on-year +26.02% +36.52% +45.91%
75th Percentile £800 £623 £522
90th Percentile - - £554
England median daily rate £600 £725 £615
% change year-on-year -17.24% +17.89% +11.82%
Number of hourly rates quoted 32 2 1
10th Percentile £65.00 £52.58 -
25th Percentile £65.47 £54.65 £62.25
Median hourly rate £76.86 £59.99 £63.50
Median % change year-on-year +28.12% -5.53% -
75th Percentile £80.00 £63.44 £64.75
90th Percentile £82.43 £64.38 -
England median hourly rate £67.50 £83.31 £53.81
% change year-on-year -18.98% +54.82% +14.49%

All Contract IT Job Vacancies
South East

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in the South East. 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 South East with a recognized job title 5,099 5,469 7,462
% of contract IT jobs with a recognized job title 92.32% 94.67% 95.75%
Number of daily rates quoted 3,080 3,816 5,062
10th Percentile £213 £225 £200
25th Percentile £396 £400 £375
Median daily rate (50th Percentile) £500 £500 £491
Median % change year-on-year - +1.83% +9.11%
75th Percentile £616 £610 £588
90th Percentile £688 £700 £673
England median daily rate £525 £550 £525
% change year-on-year -4.55% +4.76% +8.25%
Number of hourly rates quoted 480 242 332
10th Percentile £12.78 £16.86 £12.24
25th Percentile £18.32 £21.72 £15.91
Median hourly rate £47.50 £47.79 £20.00
Median % change year-on-year -0.61% +138.95% -20.00%
75th Percentile £62.50 £64.91 £43.95
90th Percentile £77.04 £75.00 £60.00
England median hourly rate £36.50 £44.00 £22.50
% change year-on-year -17.05% +95.56% +2.27%

Principal Engineer
Job Vacancy Trend in the South East

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

Job vacancy trend for Principal Engineer in the South East

Principal Engineer
Contractor Daily Rate Trend in the South East

3-month moving average daily rate quoted in jobs citing Principal Engineer in the South East.

Daily rate trend for Principal Engineer in the South East

Principal Engineer
Contractor Hourly Rate Trend in the South East

3-month moving average hourly rates quoted in jobs citing Principal Engineer in the South East.

Hourly rate trend for Principal Engineer in the South East

Principal Engineer
Hourly Rate Histogram in the South East

Hourly rate distribution of jobs citing Principal Engineer in the South East over the 6 months to 5 May 2024.

Hourly rate histogram for Principal Engineer in the South East

Principal Engineer
Contract Job Locations in the South East

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Principal Engineer within the South East region over the 6 months to 5 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
Hampshire +17 21 £775 +26.02% 19
Surrey +20 7 - - 10
Kent - 7 - - 5
Principal Engineer
England

Principal Engineer Skill Set
Top 30 Co-occurring Skills and Capabilities in the South East

For the 6 months to 5 May 2024, Principal 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 across the South East region featuring Principal Engineer in the job title.

1 17 (48.57%) Validation
2 15 (42.86%) Verification and Validation
3 12 (34.29%) Security Cleared
3 12 (34.29%) Systems Engineering
4 7 (20.00%) SC Cleared
5 5 (14.29%) DV Cleared
5 5 (14.29%) Aerospace
5 5 (14.29%) Software Engineering
6 3 (8.57%) Degree
7 2 (5.71%) JIRA
7 2 (5.71%) Integration Testing
7 2 (5.71%) System Testing
7 2 (5.71%) Confluence
7 2 (5.71%) Waterfall
7 2 (5.71%) Analytical Skills
7 2 (5.71%) System Integration Testing
7 2 (5.71%) Def Stans
7 2 (5.71%) Management Information System
7 2 (5.71%) Electronics
7 2 (5.71%) Military
7 2 (5.71%) Agile
7 2 (5.71%) ISTQB
7 2 (5.71%) Commercial Awareness
7 2 (5.71%) Problem-Solving
7 2 (5.71%) Technical Leadership
7 2 (5.71%) Analogue Electronics
7 2 (5.71%) Social Skills
7 2 (5.71%) Business Strategy
7 2 (5.71%) End-to-End Testing
8 1 (2.86%) Mentor Graphics

Principal Engineer Skill Set
Co-occurring Skills and Capabilities in the South East 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:

Application Platforms
1 2 (5.71%) Confluence
Applications
1 1 (2.86%) Simulink
Development Applications
1 2 (5.71%) JIRA
2 1 (2.86%) Rational DOORS
General
1 5 (14.29%) Aerospace
2 2 (5.71%) Analytical Skills
2 2 (5.71%) Electronics
2 2 (5.71%) Military
2 2 (5.71%) Social Skills
Miscellaneous
1 2 (5.71%) Analogue Electronics
1 2 (5.71%) Management Information System
Processes & Methodologies
1 17 (48.57%) Validation
2 15 (42.86%) Verification and Validation
3 12 (34.29%) Systems Engineering
4 5 (14.29%) Software Engineering
5 2 (5.71%) Agile
5 2 (5.71%) Business Strategy
5 2 (5.71%) Commercial Awareness
5 2 (5.71%) End-to-End Testing
5 2 (5.71%) Integration Testing
5 2 (5.71%) Problem-Solving
5 2 (5.71%) System Integration Testing
5 2 (5.71%) System Testing
5 2 (5.71%) Technical Leadership
5 2 (5.71%) Waterfall
6 1 (2.86%) Coaching
6 1 (2.86%) Requirements Management
Programming Languages
1 1 (2.86%) MATLAB
Qualifications
1 12 (34.29%) Security Cleared
2 7 (20.00%) SC Cleared
3 5 (14.29%) DV Cleared
4 3 (8.57%) Degree
5 2 (5.71%) ISTQB
6 1 (2.86%) HND
Quality Assurance & Compliance
1 2 (5.71%) Def Stans
Vendors
1 1 (2.86%) Mentor Graphics