Product Analyst Contracts

Product Analyst
UK

The median Product Analyst daily rate in the UK is £550 according to job vacancies posted during the 6 months to 26 April 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
26 Apr 2024
Same period 2023 Same period 2022
Rank 509 622 718
Rank change year-on-year +113 +96 -115
Contract jobs requiring a Product Analyst 70 78 142
As % of all contract jobs advertised in the UK 0.16% 0.13% 0.16%
As % of the Job Titles category 0.17% 0.14% 0.17%
Number of daily rates quoted 52 67 114
10th Percentile £409 £441 £393
25th Percentile £495 £513 £453
Median daily rate (50th Percentile) £550 £550 £535
Median % change year-on-year - +2.80% +15.68%
75th Percentile £695 £650 £700
90th Percentile £788 £743 -
UK excluding London median daily rate £530 £560 £320
% change year-on-year -5.36% +75.00% -22.42%
Number of hourly rates quoted 0 2 5
10th Percentile - £24.40 £40.15
25th Percentile - £29.50 £43.00
Median hourly rate - £38.00 £63.50
Median % change year-on-year - -40.16% +9.14%
75th Percentile - £46.50 £79.04
90th Percentile - £51.60 £80.35
UK excluding London median hourly rate - - £68.63
% change year-on-year - - +17.96%

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 40,413 56,730 84,732
% of contract IT jobs with a recognized job title 92.78% 94.61% 95.50%
Number of daily rates quoted 26,320 39,605 59,435
10th Percentile £275 £313 £313
25th Percentile £408 £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 £726
UK excluding London median daily rate £490 £500 £475
% change year-on-year -2.00% +5.26% +11.76%
Number of hourly rates quoted 2,653 1,602 2,109
10th Percentile £12.86 £14.25 £12.50
25th Percentile £16.30 £19.28 £15.50
Median hourly rate £35.96 £45.00 £23.00
Median % change year-on-year -20.09% +95.65% +0.24%
75th Percentile £60.25 £65.75 £48.75
90th Percentile £72.50 £75.50 £63.00
UK excluding London median hourly rate £38.00 £42.37 £19.50
% change year-on-year -10.30% +117.26% +2.47%

Product Analyst
Job Vacancy Trend

Job postings that featured Product Analyst in the job title as a proportion of all IT jobs advertised.

Job vacancy trend for Product Analyst in the UK

Product Analyst
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Product Analyst.

Daily rate trend for Product Analyst in the UK

Product Analyst
Daily Rate Histogram

Daily rate distribution for jobs citing Product Analyst over the 6 months to 26 April 2024.

Daily rate histogram for Product Analyst in the UK

Product Analyst
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Product Analyst.

Hourly rate trend for Product Analyst in the UK

Product Analyst
Top 9 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Product Analyst within the UK over the 6 months to 26 April 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 +106 62 £565 +2.77% 22
Work from Home +118 33 £550 - 13
London +96 33 £650 +18.18% 12
UK excluding London +71 27 £530 -5.36% 11
South East +38 19 £544 -1.09% 2
East of England +16 5 £410 -20.00% 2
North of England +22 2 - - 4
Yorkshire +16 2 - -
Scotland +29 1 £488 -13.64%

Product Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 26 April 2024, Product Analyst 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 Analyst in the job title.

1 39 (55.71%) Agile
2 35 (50.00%) Product Ownership
3 18 (25.71%) Analytical Skills
3 18 (25.71%) Finance
4 17 (24.29%) Foreign Exchange (FX)
4 17 (24.29%) Machine Learning
5 16 (22.86%) Business Analysis
5 16 (22.86%) Derivative
5 16 (22.86%) SQL
5 16 (22.86%) Python
5 16 (22.86%) Front Office
5 16 (22.86%) Asset Management
5 16 (22.86%) Problem-Solving
6 15 (21.43%) Equities
6 15 (21.43%) Artificial Intelligence
6 15 (21.43%) Fixed Income
6 15 (21.43%) Hedge funds
6 15 (21.43%) Investment Management
7 14 (20.00%) Scrum
8 13 (18.57%) Product Management
8 13 (18.57%) AWS
8 13 (18.57%) Analytics
8 13 (18.57%) Roadmaps
9 11 (15.71%) Requirements Gathering
10 10 (14.29%) JIRA
10 10 (14.29%) Stakeholder Management
10 10 (14.29%) Power Platform
10 10 (14.29%) Power BI
10 10 (14.29%) Social Skills
11 9 (12.86%) Product Backlog

Product Analyst 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 6 (8.57%) Confluence
Applications
1 1 (1.43%) Microsoft Excel
1 1 (1.43%) Microsoft PowerPoint
1 1 (1.43%) MS Visio
Business Applications
1 4 (5.71%) Oracle Procure-to-Pay
2 1 (1.43%) Aladdin
2 1 (1.43%) Dynamics CRM
2 1 (1.43%) Endur
2 1 (1.43%) Shopify
Cloud Services
1 13 (18.57%) AWS
2 10 (14.29%) Power Platform
3 4 (5.71%) Collibra
4 2 (2.86%) Oracle CX
4 2 (2.86%) Oracle Service Cloud
4 2 (2.86%) PaaS
4 2 (2.86%) SaaS
5 1 (1.43%) Azure
5 1 (1.43%) Azure DevOps
5 1 (1.43%) BigCommerce
5 1 (1.43%) Salesforce Commerce Cloud
Communications & Networking
1 1 (1.43%) HTTP
Database & Business Intelligence
1 10 (14.29%) Power BI
2 4 (5.71%) Metadata
2 4 (5.71%) PostHog
3 1 (1.43%) Data Mart
3 1 (1.43%) Tableau
Development Applications
1 10 (14.29%) JIRA
2 4 (5.71%) Eclipse
2 4 (5.71%) PyCharm
3 3 (4.29%) Oracle Forms
4 1 (1.43%) Balsamiq
General
1 18 (25.71%) Analytical Skills
1 18 (25.71%) Finance
2 16 (22.86%) Front Office
3 10 (14.29%) Social Skills
4 6 (8.57%) Pharmaceutical
5 4 (5.71%) Banking
5 4 (5.71%) Manufacturing
5 4 (5.71%) Marketing
6 3 (4.29%) Digital Healthcare
6 3 (4.29%) Inclusion and Diversity
7 2 (2.86%) Investment Banking
7 2 (2.86%) Presentation Skills
7 2 (2.86%) Retail
8 1 (1.43%) Advertising
8 1 (1.43%) Aviation
8 1 (1.43%) Corporate Banking
8 1 (1.43%) Health Technology
8 1 (1.43%) Organisational Skills
8 1 (1.43%) Private Banking
8 1 (1.43%) Retail Banking
Libraries, Frameworks & Software Standards
1 2 (2.86%) ADO
1 2 (2.86%) OAuth
1 2 (2.86%) OpenID
2 1 (1.43%) CSS
2 1 (1.43%) FIX Protocol
2 1 (1.43%) HTML
2 1 (1.43%) RESTful
2 1 (1.43%) VML
Miscellaneous
1 35 (50.00%) Product Ownership
2 17 (24.29%) Foreign Exchange (FX)
3 16 (22.86%) Derivative
4 15 (21.43%) Equities
4 15 (21.43%) Fixed Income
4 15 (21.43%) Hedge funds
5 5 (7.14%) Legacy Systems
6 2 (2.86%) Onboarding
7 1 (1.43%) Algorithms
7 1 (1.43%) Data Protection Act
7 1 (1.43%) Interest Rate Derivative
7 1 (1.43%) Life Science
7 1 (1.43%) Mobile App
7 1 (1.43%) PMI
7 1 (1.43%) Reinsurance
7 1 (1.43%) Wiki
Operating Systems
1 4 (5.71%) Apple iOS
Processes & Methodologies
1 39 (55.71%) Agile
2 17 (24.29%) Machine Learning
3 16 (22.86%) Asset Management
3 16 (22.86%) Business Analysis
3 16 (22.86%) Problem-Solving
4 15 (21.43%) Artificial Intelligence
4 15 (21.43%) Investment Management
5 14 (20.00%) Scrum
6 13 (18.57%) Analytics
6 13 (18.57%) Product Management
6 13 (18.57%) Roadmaps
7 11 (15.71%) Requirements Gathering
8 10 (14.29%) Stakeholder Management
9 9 (12.86%) Product Backlog
10 7 (10.00%) CRM
10 7 (10.00%) Kanban
11 6 (8.57%) Cybersecurity
11 6 (8.57%) Product Analysis
11 6 (8.57%) Time Management
11 6 (8.57%) User Stories
Programming Languages
1 16 (22.86%) Python
1 16 (22.86%) SQL
2 7 (10.00%) JavaScript
3 6 (8.57%) Java
4 4 (5.71%) Data Analysis Expressions
4 4 (5.71%) Groovy
Qualifications
1 2 (2.86%) CSPO
1 2 (2.86%) Degree
2 1 (1.43%) CBAP
2 1 (1.43%) PMI Certification
Quality Assurance & Compliance
1 4 (5.71%) GDPR
1 4 (5.71%) Good Clinical Practice
1 4 (5.71%) GxP
2 2 (2.86%) QA
Vendors
1 7 (10.00%) Oracle
2 4 (5.71%) Microsoft
3 2 (2.86%) Genesys
3 2 (2.86%) Salesforce
3 2 (2.86%) SAP
4 1 (1.43%) Adobe
4 1 (1.43%) Databricks
4 1 (1.43%) Dell
4 1 (1.43%) Intel
4 1 (1.43%) Murex
4 1 (1.43%) Sitecore
4 1 (1.43%) Snowplow
4 1 (1.43%) TSYS