Principal Engineer
UK
The median Principal Engineer daily rate in the UK is £600 according to job vacancies posted during the 6 months to 1 June 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 1 Jun 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 408 | 588 | 755 |
| Rank change year-on-year | +180 | +167 | -67 |
| Contract jobs requiring a Principal Engineer | 168 | 94 | 83 |
| As % of all contract jobs advertised in the UK | 0.39% | 0.17% | 0.095% |
| As % of the Job Titles category | 0.42% | 0.18% | 0.099% |
| Number of daily rates quoted | 32 | 47 | 51 |
| 10th Percentile | £525 | £470 | £500 |
| 25th Percentile | £553 | £575 | £514 |
| Median daily rate (50th Percentile) | £600 | £725 | £615 |
| Median % change year-on-year | -17.24% | +17.89% | +11.82% |
| 75th Percentile | £655 | £788 | £688 |
| 90th Percentile | £798 | £895 | £775 |
| UK excluding London median daily rate | £550 | £550 | £600 |
| % change year-on-year | - | -8.33% | +20.00% |
| Number of hourly rates quoted | 124 | 19 | 14 |
| 10th Percentile | £50.00 | £51.19 | £49.48 |
| 25th Percentile | £56.25 | £67.50 | £50.38 |
| Median hourly rate | £67.50 | £83.31 | £54.41 |
| Median % change year-on-year | -18.98% | +53.13% | +0.55% |
| 75th Percentile | £76.86 | £83.40 | £72.54 |
| 90th Percentile | £80.00 | - | £80.57 |
| UK excluding London median hourly rate | £67.50 | £83.36 | £56.48 |
| % change year-on-year | -19.02% | +47.60% | +20.16% |
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 | 39,969 | 53,015 | 83,520 |
| % of contract IT jobs with a recognized job title | 92.83% | 94.58% | 95.35% |
| Number of daily rates quoted | 25,870 | 37,031 | 58,844 |
| 10th Percentile | £280 | £313 | £315 |
| 25th Percentile | £409 | £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% | +10.21% |
| Number of hourly rates quoted | 2,841 | 1,476 | 1,963 |
| 10th Percentile | £12.86 | £14.25 | £12.50 |
| 25th Percentile | £16.30 | £19.06 | £15.90 |
| Median hourly rate | £37.50 | £45.00 | £24.50 |
| Median % change year-on-year | -16.67% | +83.67% | +12.28% |
| 75th Percentile | £61.60 | £65.75 | £49.33 |
| 90th Percentile | £73.75 | £76.13 | £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 1 June 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 1 June 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 1 June 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 | +150 | 147 | £600 | -17.24% | 280 |
| UK excluding London | +123 | 128 | £550 | - | 202 |
| East of England | +40 | 38 | - | - | 38 |
| South East | +39 | 35 | £775 | - | 46 |
| London | +83 | 29 | £600 | -17.24% | 80 |
| Work from Home | +102 | 23 | £625 | -13.79% | 106 |
| North of England | +35 | 20 | £625 | +13.64% | 68 |
| North West | +36 | 19 | £625 | - | 57 |
| Scotland | +44 | 12 | - | - | 10 |
| Midlands | +33 | 12 | £550 | +10.00% | 17 |
| West Midlands | +25 | 12 | £550 | +10.00% | 11 |
| South West | 0 | 11 | - | - | 25 |
| North East | - | 1 | - | - | 3 |
Principal Engineer Skill Set
Top 30 Co-occurring Skills and Capabilities
For the 6 months to 1 June 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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