Principal Engineer
UK
The median Principal Engineer daily rate in the UK is £600 according to job vacancies posted during the 6 months to 25 April 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 25 Apr 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 444 | 620 | 747 |
| Rank change year-on-year | +176 | +127 | -97 |
| Contract jobs requiring a Principal Engineer | 142 | 102 | 84 |
| As % of all contract jobs advertised in the UK | 0.33% | 0.17% | 0.095% |
| As % of the Job Titles category | 0.35% | 0.18% | 0.099% |
| Number of daily rates quoted | 27 | 53 | 50 |
| 10th Percentile | £520 | £466 | £496 |
| 25th Percentile | £525 | £600 | £513 |
| Median daily rate (50th Percentile) | £600 | £725 | £600 |
| Median % change year-on-year | -17.24% | +20.83% | +9.09% |
| 75th Percentile | £725 | £788 | £656 |
| 90th Percentile | £800 | £870 | £708 |
| UK excluding London median daily rate | £550 | £608 | £575 |
| % change year-on-year | -9.47% | +5.65% | +82.54% |
| Number of hourly rates quoted | 102 | 17 | 14 |
| 10th Percentile | £50.00 | £51.89 | £49.48 |
| 25th Percentile | £54.75 | £65.00 | £50.36 |
| Median hourly rate | £67.50 | £83.31 | £52.84 |
| Median % change year-on-year | -18.98% | +57.68% | -2.36% |
| 75th Percentile | £76.97 | £83.40 | £72.54 |
| 90th Percentile | £80.00 | - | £80.57 |
| UK excluding London median hourly rate | £67.50 | £83.31 | £53.45 |
| % change year-on-year | -18.98% | +55.88% | +13.71% |
All Contract IT Job Vacancies
UK
The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. 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 UK with a recognized job title | 40,482 | 56,783 | 84,604 |
| % of contract IT jobs with a recognized job title | 92.77% | 94.58% | 95.49% |
| Number of daily rates quoted | 26,407 | 39,621 | 59,331 |
| 10th Percentile | £275 | £313 | £313 |
| 25th Percentile | £408 | £425 | £425 |
| Median daily rate (50th Percentile) | £525 | £540 | £525 |
| Median % change year-on-year | -2.78% | +2.86% | +10.53% |
| 75th Percentile | £638 | £650 | £638 |
| 90th Percentile | £750 | £750 | £725 |
| UK excluding London median daily rate | £490 | £500 | £475 |
| % change year-on-year | -2.00% | +5.26% | +11.76% |
| Number of hourly rates quoted | 2,642 | 1,607 | 2,111 |
| 10th Percentile | £12.86 | £14.28 | £12.50 |
| 25th Percentile | £16.30 | £19.45 | £15.50 |
| Median hourly rate | £35.68 | £45.00 | £23.00 |
| Median % change year-on-year | -20.71% | +95.65% | +1.41% |
| 75th Percentile | £60.00 | £65.75 | £48.75 |
| 90th Percentile | £72.50 | £75.60 | £63.00 |
| UK excluding London median hourly rate | £37.50 | £42.50 | £19.50 |
| % change year-on-year | -11.76% | +117.95% | +2.63% |
Principal Engineer
Job Vacancy Trend
Job postings that featured Principal Engineer in the job title as a proportion of all IT jobs advertised.
Principal Engineer
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Principal Engineer.
Principal Engineer
Daily Rate Histogram
Daily rate distribution for jobs citing Principal Engineer over the 6 months to 25 April 2024.
Principal Engineer
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Principal Engineer.
Principal Engineer
Hourly Rate Histogram
Hourly rate distribution of jobs citing Principal Engineer over the 6 months to 25 April 2024.
Principal Engineer
Top 13 Contract Locations
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 UK over the 6 months to 25 April 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 |
|---|---|---|---|---|---|
| England | +157 | 122 | £600 | -17.24% | 351 |
| UK excluding London | +127 | 108 | £550 | -9.47% | 299 |
| South East | +36 | 34 | £775 | +26.02% | 75 |
| East of England | +37 | 28 | - | - | 72 |
| London | +90 | 21 | £650 | -10.34% | 79 |
| Work from Home | +104 | 18 | £600 | -17.24% | 116 |
| South West | +17 | 13 | - | - | 58 |
| West Midlands | +38 | 12 | £550 | -17.76% | 15 |
| Midlands | +35 | 12 | £550 | -17.76% | 22 |
| Scotland | +30 | 11 | - | - | 10 |
| North of England | +35 | 10 | £525 | -4.55% | 58 |
| North West | +21 | 9 | £525 | - | 47 |
| North East | - | 1 | - | - | 1 |
Principal Engineer Skill Set
Top 30 Co-occurring Skills and Capabilities
For the 6 months to 25 April 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 featuring Principal Engineer in the job title.
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Principal Engineer Skill Set
Co-occurring Skills and Capabilities 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:
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