Developer/Software Engineer Contracts

Software Engineer/Developer
UK

The median Software Engineer/Developer daily rate in the UK is £725 according to job vacancies posted during the 6 months to 7 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
7 Jun 2024
Same period 2023 Same period 2022
Rank 423 551 473
Rank change year-on-year +128 -78 +75
Contract jobs requiring a Developer/Software Engineer 170 137 419
As % of all contract jobs advertised in the UK 0.39% 0.25% 0.47%
As % of the Job Titles category 0.42% 0.26% 0.50%
Number of daily rates quoted 166 120 371
10th Percentile £538 £438 £438
25th Percentile £566 £497 £538
Median daily rate (50th Percentile) £725 £613 £600
Median % change year-on-year +18.37% +2.08% -
75th Percentile £838 £738 £700
90th Percentile £888 £751 £750
UK excluding London median daily rate £543 £531 £600
% change year-on-year +2.26% -11.58% +17.07%
Number of hourly rates quoted 2 0 0
Median hourly rate £80.00 - -
UK excluding London median hourly rate £80.00 - -

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 40,368 52,724 84,133
% of contract IT jobs with a recognized job title 92.87% 94.55% 95.35%
Number of daily rates quoted 25,997 36,785 59,307
10th Percentile £280 £313 £315
25th Percentile £408 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +7.14%
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% +9.20%
Number of hourly rates quoted 2,898 1,484 1,963
10th Percentile £12.86 £14.25 £12.53
25th Percentile £16.30 £19.06 £15.90
Median hourly rate £37.50 £45.00 £25.00
Median % change year-on-year -16.67% +80.00% +15.00%
75th Percentile £61.60 £65.75 £49.50
90th Percentile £73.75 £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%

Developer/Software Engineer
Job Vacancy Trend

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

Job vacancy trend for Developer/Software Engineer in the UK

Developer/Software Engineer
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Developer/Software Engineer.

Daily rate trend for Developer/Software Engineer in the UK

Developer/Software Engineer
Daily Rate Histogram

Daily rate distribution for jobs citing Developer/Software Engineer over the 6 months to 7 June 2024.

Daily rate histogram for Developer/Software Engineer in the UK

Developer/Software Engineer
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Developer/Software Engineer.

Hourly rate trend for Developer/Software Engineer in the UK

Developer/Software Engineer
Top 8 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Developer/Software Engineer within the UK over the 6 months to 7 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 +125 170 £725 +16.00% 9
London +129 162 £725 +16.00% 4
Work from Home +77 71 £750 +20.00% 7
UK excluding London +42 8 £543 +2.26% 6
East of England +12 6 £543 +8.50% 3
North of England +15 1 £350 -
South East +12 1 £675 +14.41% 1
Yorkshire - 1 £350 -

Developer/Software Engineer Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 7 June 2024, Developer/Software 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 Developer/Software Engineer in the job title.

1 168 (98.82%) Software Engineering
2 157 (92.35%) AWS
3 155 (91.18%) Finance
3 155 (91.18%) GCP
4 153 (90.00%) Fixed Income
4 153 (90.00%) Front Office
4 153 (90.00%) Asset Management
5 152 (89.41%) TypeScript
6 150 (88.24%) Agile
7 134 (78.82%) Python
8 128 (75.29%) Protocol Buffers
8 128 (75.29%) Investment Management
8 128 (75.29%) gRPC
8 128 (75.29%) Apache Airflow
9 122 (71.76%) Apache Ignite
9 122 (71.76%) Apache
10 120 (70.59%) React
11 119 (70.00%) Hedge funds
12 110 (64.71%) Redux
13 102 (60.00%) Banking
14 101 (59.41%) Full Stack Development
15 97 (57.06%) Azure
16 94 (55.29%) Equities
17 89 (52.35%) JavaScript
18 76 (44.71%) Material-UI
19 67 (39.41%) Google
20 66 (38.82%) PostgreSQL
21 65 (38.24%) Artificial Intelligence
21 65 (38.24%) Machine Learning
21 65 (38.24%) Automated Trading

Developer/Software 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:

Application Platforms
1 128 (75.29%) Apache Airflow
2 122 (71.76%) Apache
3 1 (0.59%) JBoss
Cloud Services
1 157 (92.35%) AWS
2 155 (91.18%) GCP
3 97 (57.06%) Azure
4 47 (27.65%) dbt
5 30 (17.65%) Snowflake
6 4 (2.35%) Amazon EC2
7 3 (1.76%) GitHub
8 2 (1.18%) Amazon ECS
8 2 (1.18%) Amazon EKS
8 2 (1.18%) Amazon S3
8 2 (1.18%) AWS Lambda
8 2 (1.18%) Serverless
9 1 (0.59%) Azure DevOps
Communications & Networking
1 2 (1.18%) Firewall
1 2 (1.18%) VPN
Database & Business Intelligence
1 122 (71.76%) Apache Ignite
2 66 (38.82%) PostgreSQL
3 47 (27.65%) Amazon Athena
3 47 (27.65%) Apache Arrow
3 47 (27.65%) Dremio
4 30 (17.65%) Data Lake
5 1 (0.59%) Flink
Development Applications
1 47 (27.65%) Cypress.io
2 3 (1.76%) Git
3 2 (1.18%) Cucumber
3 2 (1.18%) Jenkins
3 2 (1.18%) REST Assured
3 2 (1.18%) Selenium
4 1 (0.59%) fastlane
General
1 155 (91.18%) Finance
2 153 (90.00%) Front Office
3 102 (60.00%) Banking
4 37 (21.76%) Investment Banking
5 5 (2.94%) Manufacturing
6 2 (1.18%) Social Skills
7 1 (0.59%) Analytical Skills
7 1 (0.59%) Retail
Libraries, Frameworks & Software Standards
1 128 (75.29%) gRPC
1 128 (75.29%) Protocol Buffers
2 120 (70.59%) React
3 110 (64.71%) Redux
4 76 (44.71%) Material-UI
5 53 (31.18%) Pandas
6 47 (27.65%) NumPy
6 47 (27.65%) SciPy
7 26 (15.29%) Node.js
8 24 (14.12%) .NET
9 22 (12.94%) Vue
10 21 (12.35%) AngularJS
11 18 (10.59%) .NET Core
12 5 (2.94%) ASP.NET
12 5 (2.94%) ASP.NET Core
12 5 (2.94%) GraphQL
13 2 (1.18%) .NET Framework
13 2 (1.18%) CSS
13 2 (1.18%) HTML
13 2 (1.18%) PySpark
Miscellaneous
1 153 (90.00%) Fixed Income
2 119 (70.00%) Hedge funds
3 94 (55.29%) Equities
4 60 (35.29%) Derivative
4 60 (35.29%) Foreign Exchange (FX)
5 1 (0.59%) Mobile App
5 1 (0.59%) SWIFT Messaging Network
Operating Systems
1 1 (0.59%) Apple iOS
1 1 (0.59%) Unix
Processes & Methodologies
1 168 (98.82%) Software Engineering
2 153 (90.00%) Asset Management
3 150 (88.24%) Agile
4 128 (75.29%) Investment Management
5 101 (59.41%) Full Stack Development
6 65 (38.24%) Artificial Intelligence
6 65 (38.24%) Automated Trading
6 65 (38.24%) Machine Learning
7 45 (26.47%) Fintech
8 30 (17.65%) Line Management
9 25 (14.71%) Performance Attribution
10 23 (13.53%) DevOps
11 22 (12.94%) TDD
12 19 (11.18%) Analytics
13 12 (7.06%) Front End Development
14 10 (5.88%) Credit Risk Analysis
14 10 (5.88%) User Experience
15 5 (2.94%) Mentoring
15 5 (2.94%) Problem-Solving
15 5 (2.94%) Risk Analytics
Programming Languages
1 152 (89.41%) TypeScript
2 134 (78.82%) Python
3 89 (52.35%) JavaScript
4 45 (26.47%) Java
5 25 (14.71%) C#
6 22 (12.94%) SQL
7 5 (2.94%) Kotlin
7 5 (2.94%) Ruby
8 4 (2.35%) Scala
9 2 (1.18%) Bash
10 1 (0.59%) PowerShell
10 1 (0.59%) Shell Script
10 1 (0.59%) Swift
Qualifications
1 3 (1.76%) Security Cleared
2 2 (1.18%) DV Cleared
3 1 (0.59%) Degree
3 1 (0.59%) SC Cleared
Quality Assurance & Compliance
1 21 (12.35%) QA
2 1 (0.59%) SEPA
System Software
1 2 (1.18%) zsh
2 1 (0.59%) Active Directory
2 1 (0.59%) Docker
Systems Management
1 1 (0.59%) Kubernetes
1 1 (0.59%) Terraform
Vendors
1 67 (39.41%) Google
2 2 (1.18%) Bloomberg
2 2 (1.18%) Microsoft
2 2 (1.18%) Reuters
3 1 (0.59%) IBM
3 1 (0.59%) Oracle
3 1 (0.59%) Temenos