Principal Engineer
UK
The median Principal Engineer daily rate in the UK is £628, according to job vacancies posted in the 6 months leading up to 9 September 2024.
The table below provides contractor rate benchmarking and summary statistics, comparing them to the same period in the previous two years.
| 6 months to 9 Sep 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 413 | 558 | 763 |
| Rank change year-on-year | +145 | +205 | -6 |
| Contract jobs requiring a Principal Engineer | 151 | 88 | 88 |
| As % of all contract jobs advertised in the UK | 0.39% | 0.18% | 0.10% |
| As % of the Job Titles category | 0.42% | 0.19% | 0.11% |
| Number of daily rates quoted | 50 | 42 | 53 |
| 10th Percentile | £536 | £480 | £500 |
| 25th Percentile | £563 | £613 | £563 |
| Median daily rate (50th Percentile) | £628 | £725 | £650 |
| Median % change year-on-year | -13.45% | +11.54% | +8.33% |
| 75th Percentile | £888 | £797 | £775 |
| 90th Percentile | - | £923 | £950 |
| UK excluding London median daily rate | £575 | £550 | £600 |
| % change year-on-year | +4.55% | -8.33% | -5.14% |
| Number of hourly rates quoted | 74 | 29 | 14 |
| 10th Percentile | £55.55 | £55.74 | £45.65 |
| 25th Percentile | £62.63 | £61.63 | £52.26 |
| Median hourly rate | £72.95 | £80.00 | £65.86 |
| Median % change year-on-year | -8.81% | +21.48% | +5.37% |
| 75th Percentile | £80.00 | £83.40 | £77.25 |
| 90th Percentile | - | £83.40 | £80.57 |
| UK excluding London median hourly rate | £72.95 | £83.40 | £56.90 |
| % change year-on-year | -12.53% | +46.57% | -10.39% |
All Contract IT Job Vacancies
UK
For comparison with the information above, the following table provides 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 | 35,604 | 47,283 | 82,542 |
| % of contract IT jobs with a recognized job title | 92.99% | 94.28% | 95.30% |
| Number of daily rates quoted | 22,131 | 32,503 | 58,098 |
| 10th Percentile | £300 | £300 | £325 |
| 25th Percentile | £413 | £425 | £431 |
| Median daily rate (50th Percentile) | £525 | £532 | £550 |
| Median % change year-on-year | -1.22% | -3.36% | +10.00% |
| 75th Percentile | £638 | £650 | £650 |
| 90th Percentile | £750 | £750 | £750 |
| UK excluding London median daily rate | £500 | £500 | £495 |
| % change year-on-year | - | +1.01% | +10.00% |
| Number of hourly rates quoted | 1,741 | 1,472 | 1,794 |
| 10th Percentile | £14.73 | £14.57 | £13.14 |
| 25th Percentile | £20.50 | £19.06 | £16.25 |
| Median hourly rate | £43.00 | £42.50 | £26.00 |
| Median % change year-on-year | +1.18% | +63.46% | +30.00% |
| 75th Percentile | £65.00 | £65.00 | £56.00 |
| 90th Percentile | £75.00 | £77.50 | £69.85 |
| UK excluding London median hourly rate | £45.00 | £40.00 | £22.00 |
| % change year-on-year | +12.50% | +81.82% | +22.22% |
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 9 September 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 9 September 2024.
Principal Engineer
Top 14 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 9 September 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 | +142 | 145 | £628 | -13.45% | 200 |
| UK excluding London | +125 | 94 | £575 | +4.55% | 143 |
| Work from Home | +106 | 52 | £825 | +13.79% | 75 |
| London | +52 | 51 | £825 | +13.79% | 58 |
| East of England | +44 | 31 | - | - | 32 |
| South East | +53 | 27 | - | - | 51 |
| North of England | +47 | 20 | £638 | +15.91% | 22 |
| North West | +43 | 18 | £675 | - | 18 |
| South West | +15 | 8 | - | - | 19 |
| Midlands | +17 | 6 | £550 | +10.00% | 19 |
| East Midlands | - | 4 | £538 | - | 5 |
| Scotland | +34 | 2 | - | - | 4 |
| Yorkshire | +18 | 2 | £638 | +15.91% | 2 |
| West Midlands | +9 | 2 | £550 | +10.00% | 14 |
Principal Engineer Skill Set
Top 30 Co-occurring Skills and Capabilities
For the 6 months to 9 September 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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