Principal Engineer
UK
The median Principal Engineer daily rate in the UK is £600 according to job vacancies posted during the 6 months to 10 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 10 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 434 | 602 | 759 |
| Rank change year-on-year | +168 | +157 | -99 |
| Contract jobs requiring a Principal Engineer | 148 | 101 | 80 |
| As % of all contract jobs advertised in the UK | 0.34% | 0.17% | 0.092% |
| As % of the Job Titles category | 0.37% | 0.18% | 0.096% |
| Number of daily rates quoted | 29 | 49 | 50 |
| 10th Percentile | - | £478 | £493 |
| 25th Percentile | £525 | £600 | £513 |
| Median daily rate (50th Percentile) | £600 | £725 | £608 |
| Median % change year-on-year | -17.24% | +19.34% | +10.45% |
| 75th Percentile | £700 | £788 | £680 |
| 90th Percentile | £800 | £885 | £775 |
| UK excluding London median daily rate | £550 | £608 | £575 |
| % change year-on-year | -9.47% | +5.65% | +15.00% |
| Number of hourly rates quoted | 106 | 17 | 15 |
| 10th Percentile | £50.00 | £51.19 | £49.55 |
| 25th Percentile | £55.13 | £65.00 | £50.66 |
| Median hourly rate | £67.50 | £83.31 | £53.08 |
| Median % change year-on-year | -18.98% | +56.95% | -1.90% |
| 75th Percentile | £77.00 | £83.40 | £69.95 |
| 90th Percentile | £80.00 | - | £80.35 |
| UK excluding London median hourly rate | £67.50 | £83.31 | £53.81 |
| % change year-on-year | -18.98% | +54.82% | +14.49% |
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 | 39,888 | 54,783 | 83,316 |
| % of contract IT jobs with a recognized job title | 92.76% | 94.63% | 95.43% |
| Number of daily rates quoted | 25,953 | 38,247 | 58,493 |
| 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% | +10.53% |
| 75th Percentile | £638 | £650 | £638 |
| 90th Percentile | £750 | £750 | £738 |
| UK excluding London median daily rate | £490 | £500 | £475 |
| % change year-on-year | -2.00% | +5.26% | +11.76% |
| Number of hourly rates quoted | 2,674 | 1,534 | 2,048 |
| 10th Percentile | £12.86 | £14.25 | £12.50 |
| 25th Percentile | £16.30 | £19.06 | £15.75 |
| Median hourly rate | £37.34 | £45.00 | £23.91 |
| Median % change year-on-year | -17.02% | +88.21% | +6.27% |
| 75th Percentile | £61.30 | £65.75 | £49.25 |
| 90th Percentile | £72.90 | £76.00 | £65.00 |
| UK excluding London median hourly rate | £40.00 | £42.50 | £20.00 |
| % change year-on-year | -5.88% | +112.50% | +5.26% |
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 10 May 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 10 May 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 10 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 |
|---|---|---|---|---|---|
| England | +139 | 129 | £600 | -17.24% | 308 |
| UK excluding London | +122 | 112 | £550 | -9.47% | 252 |
| South East | +47 | 35 | £775 | +26.02% | 71 |
| East of England | +43 | 30 | - | - | 56 |
| London | +79 | 26 | £600 | -17.24% | 74 |
| Work from Home | +101 | 19 | £604 | -16.72% | 117 |
| North of England | +38 | 12 | £550 | - | 56 |
| Midlands | +35 | 12 | £550 | -17.76% | 17 |
| West Midlands | +28 | 12 | £550 | -17.76% | 10 |
| South West | +13 | 12 | - | - | 41 |
| Scotland | +45 | 11 | - | - | 11 |
| North West | +30 | 11 | £550 | - | 54 |
| North East | - | 1 | - | - |
Principal Engineer Skill Set
Top 30 Co-occurring Skills and Capabilities
For the 6 months to 10 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 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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