Work in IT and want to earn more money? New data suggests you might want to become a contractor!

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Hampshire, 25th March – With the latest labour market statistics from the ONS revealing that average weekly earnings for UK workers have increased by 3.4%, further data released today by CV-Library has found that contractor wages for IT roles are drastically outpacing average pay across the UK.

The leading independent job board analysed average salary data from hundreds of thousands of contractor jobs posted on its site and compared these figures with average pay across each sector. It found that while the average annual pay for IT professionals stands at £44,749, contractors can expect to earn £51,820,60 a year.

Lee Biggins, founder and CEO of CV-Library comments: “It’s no secret that contractors command far higher salaries than the average UK worker and our data shows that IT professionals could be earning up to 15.8% more than average. That being said, contracting isn’t for everyone, especially if you’re looking for stability and key workplace perks from your employer.”

In addition to the above, the job board found that the average day rate for contractors working in IT stood at £199.31, with certain job roles commanding even higher pay packets:

  1. Solutions Architect - £555.53
  2. DevOps Engineer - £497.08 per day
  3. Data Scientist - £473.36 per day
  4. Enterprise Architect - £446.70 per day
  5. Cyber Security - £437.95
  6. Business Analyst - £382.48
  7. Test Analyst - £334.03 per day
  8. Software Developer - £333.17 per day
  9. Quality Assurance - £254.87 per day
  10. Data Analyst - £254.31

Biggins continues: “High pay and flexibility can certainly be appealing factors, but at the end of the day, it’s up to your own personal preferences and what feels right for you.”

- ENDS -

About CV-Library

CV-Library is one of the UK’s largest online job sites and attracts over 4.3 million unique job seekers every month. Founded by Lee Biggins in 2000, CV-Library is the UK’s leading independent online job board with a database of over 13 million CVs.

www.cv-library.co.uk

Media Contact:

Press Office – Augusta Henning & Bethan Port

[email protected]

01252 810995

*Average day rate for contractor included in the table below. From this figure the average annual pay for contractors was calculated and compared to the average annual pay for each industry.

Industry Average day rate for contractors Average annual pay for contractors Average annual pay for industry Percentage difference
Engineering £244.33 £63,252.80 £36,050.00 75.5%
Social Care £168.52 £30,719.00 £29,737.00 72.2%
Manufacturing £200.60 £52,156.00 £31,255.00 66.9%
Design £203.45 £52,987.00 £31,718.50 66.8%
Construction £255.19 £66,349.40 £45,453.00 46%
Financial Services £193.73 £50,369.80 £34,704.00 45.1%
Legal £186.41 £48,466.60 £33,479.50 44.8%
Accounting £183.46 £47,699.00 £34,704.00 37.5%
HR £151.32 £39,243.20 £32,431.00 21%
Marketing £151.58 £39,408.20 £32,942.00 16.4%
IT £199.31 £51,820.60 £44,748.00 15.8%
Customer Service £99.99 £25,977.40 £23,849.50 9%
Recruitment £132.14 £34,356.40 £32,431.00 5.9%
Administration £90.41 £23,506.60 £22,449.00 4.7%
Education £118.15 £30,719.00 £29,737.00 3.3%
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