Product Engineer Contracts

Product Engineer
UK

As of 29 May 2024, there is not enough information available from job vacancies posted within the last 6 months to determine the median Product Engineer daily rate in the UK.

6 months to
29 May 2024
Same period 2023 Same period 2022
Rank 583 678 820
Rank change year-on-year +95 +142 -125
Contract jobs requiring a Product Engineer 4 17 21
As % of all contract jobs advertised in the UK 0.009% 0.030% 0.024%
As % of the Job Titles category 0.010% 0.032% 0.025%
Number of daily rates quoted 0 12 9
10th Percentile - - £610
25th Percentile - - £713
Median daily rate (50th Percentile) - £450 £725
Median % change year-on-year - -37.93% +61.03%
75th Percentile - £463 £788
90th Percentile - £534 -
UK excluding London median daily rate - - £725
% change year-on-year - - +60.96%
Number of hourly rates quoted 1 1 11
10th Percentile - - £51.53
25th Percentile - £37.75 -
Median hourly rate £35.00 £40.50 £56.00
Median % change year-on-year -13.58% -27.68% +1.92%
75th Percentile - £43.25 -
90th Percentile - - £56.50
UK excluding London median hourly rate £35.00 £40.50 £56.00
% change year-on-year -13.58% -27.68% +1.92%

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 39,824 53,123 83,534
% of contract IT jobs with a recognized job title 92.80% 94.61% 95.36%
Number of daily rates quoted 25,845 37,082 58,755
10th Percentile £280 £313 £313
25th Percentile £410 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +7.69%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £488 £500 £475
% change year-on-year -2.50% +5.26% +10.47%
Number of hourly rates quoted 2,796 1,480 1,998
10th Percentile £12.81 £14.25 £12.50
25th Percentile £16.30 £19.06 £15.90
Median hourly rate £37.50 £45.00 £24.00
Median % change year-on-year -16.67% +87.50% +6.90%
75th Percentile £61.30 £65.75 £49.25
90th Percentile £73.75 £76.28 £65.00
UK excluding London median hourly rate £40.00 £43.00 £20.00
% change year-on-year -6.98% +115.00% +5.26%

Product Engineer
Job Vacancy Trend

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

Job vacancy trend for Product Engineer in the UK

Product Engineer
Contractor Daily Rate Trend

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

Daily rate trend for Product Engineer in the UK

Product Engineer
Contractor Hourly Rate Trend

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

Hourly rate trend for Product Engineer in the UK

Product Engineer
Top 7 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Product Engineer within the UK over the 6 months to 29 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
UK excluding London +57 4 - - 58
England +95 3 - - 67
North of England +31 2 - - 10
North West +24 2 - - 5
Work from Home +112 1 - - 12
South West - 1 - - 10
Scotland - 1 - - 3

Product Engineer Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 29 May 2024, Product 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 Product Engineer in the job title.

1 2 (50.00%) Service Management
1 2 (50.00%) Public Sector
2 1 (25.00%) Logitech
2 1 (25.00%) Digital Signage
2 1 (25.00%) Cyber Resilience
2 1 (25.00%) NCSC
2 1 (25.00%) NIST
2 1 (25.00%) CISM
2 1 (25.00%) Electronics
2 1 (25.00%) LabVIEW
2 1 (25.00%) Video\Live Streaming
2 1 (25.00%) Risk Assessment
2 1 (25.00%) WAN
2 1 (25.00%) CISSP
2 1 (25.00%) Internet
2 1 (25.00%) ASIC
2 1 (25.00%) Agile
2 1 (25.00%) Software Engineering
2 1 (25.00%) ISO/IEC 27001
2 1 (25.00%) Degree
2 1 (25.00%) Mathematics
2 1 (25.00%) JSP 440
2 1 (25.00%) RMADS
2 1 (25.00%) SC Cleared
2 1 (25.00%) Security Cleared
2 1 (25.00%) Yield Management
2 1 (25.00%) Microsoft 365
2 1 (25.00%) Cybersecurity
2 1 (25.00%) CESG Certified Professional
2 1 (25.00%) CLAS

Product 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:

Cloud Services
1 1 (25.00%) Microsoft 365
Communications & Networking
1 1 (25.00%) Internet
1 1 (25.00%) WAN
Development Applications
1 1 (25.00%) LabVIEW
General
1 2 (50.00%) Public Sector
2 1 (25.00%) Electronics
Miscellaneous
1 1 (25.00%) ASIC
1 1 (25.00%) Digital Signage
1 1 (25.00%) Video\Live Streaming
Processes & Methodologies
1 2 (50.00%) Service Management
2 1 (25.00%) Agile
2 1 (25.00%) Cyber Resilience
2 1 (25.00%) Cybersecurity
2 1 (25.00%) Mathematics
2 1 (25.00%) Risk Assessment
2 1 (25.00%) Software Engineering
2 1 (25.00%) Yield Management
Qualifications
1 1 (25.00%) CESG Certified Professional
1 1 (25.00%) CISM
1 1 (25.00%) CISSP
1 1 (25.00%) CLAS
1 1 (25.00%) Degree
1 1 (25.00%) SC Cleared
1 1 (25.00%) Security Cleared
Quality Assurance & Compliance
1 1 (25.00%) ISO/IEC 27001
1 1 (25.00%) JSP 440
1 1 (25.00%) NCSC
1 1 (25.00%) NIST
1 1 (25.00%) RMADS
Vendors
1 1 (25.00%) Logitech