Product Engineer
UK
The median Product Engineer daily rate in the UK is £73 according to job vacancies posted during the 6 months to 21 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 21 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 566 | 677 | 842 |
| Rank change year-on-year | +111 | +165 | -143 |
| Contract jobs requiring a Product Engineer | 5 | 19 | 21 |
| As % of all contract jobs advertised in the UK | 0.012% | 0.033% | 0.024% |
| As % of the Job Titles category | 0.013% | 0.035% | 0.025% |
| Number of daily rates quoted | 1 | 14 | 9 |
| 10th Percentile | - | £324 | £610 |
| 25th Percentile | £68 | - | £713 |
| Median daily rate (50th Percentile) | £73 | £450 | £725 |
| Median % change year-on-year | -83.71% | -37.93% | +61.03% |
| 75th Percentile | £78 | - | £788 |
| 90th Percentile | - | £526 | - |
| UK excluding London median daily rate | £73 | £338 | £725 |
| % change year-on-year | -78.28% | -53.45% | +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 | 39,413 | 53,669 | 84,232 |
| % of contract IT jobs with a recognized job title | 92.81% | 94.62% | 95.39% |
| Number of daily rates quoted | 25,677 | 37,466 | 59,216 |
| 10th Percentile | £280 | £313 | £313 |
| 25th Percentile | £410 | £425 | £425 |
| Median daily rate (50th Percentile) | £525 | £543 | £525 |
| Median % change year-on-year | -3.31% | +3.43% | +8.25% |
| 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% | +11.76% |
| Number of hourly rates quoted | 2,675 | 1,499 | 2,051 |
| 10th Percentile | £12.82 | £14.25 | £12.50 |
| 25th Percentile | £16.30 | £19.06 | £15.82 |
| Median hourly rate | £36.50 | £45.00 | £24.00 |
| Median % change year-on-year | -18.89% | +87.50% | +6.67% |
| 75th Percentile | £61.30 | £65.75 | £49.25 |
| 90th Percentile | £72.74 | £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% |
Product Engineer
Job Vacancy Trend
Job postings that featured Product Engineer in the job title as a proportion of all IT jobs advertised.
Product Engineer
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Product Engineer.
Product Engineer
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Product Engineer.
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 21 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 | +44 | 5 | £73 | -78.28% | 66 |
| England | +92 | 4 | £73 | -82.23% | 76 |
| North of England | +28 | 2 | - | - | 11 |
| North West | +27 | 2 | - | - | 9 |
| South West | +10 | 2 | £73 | -78.28% | 10 |
| Work from Home | +104 | 1 | - | - | 17 |
| Scotland | - | 1 | - | - | 5 |
Product Engineer Skill Set
Top 30 Co-occurring Skills and Capabilities
For the 6 months to 21 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.
|
|
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:
|
|
||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||