Product Manager
UK
The median Product Manager daily rate in the UK is £585 according to job vacancies posted during the 6 months to 24 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 24 Apr 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 342 | 308 | 391 |
| Rank change year-on-year | -34 | +83 | +1 |
| Contract jobs requiring a Product Manager | 250 | 501 | 596 |
| As % of all contract jobs advertised in the UK | 0.57% | 0.83% | 0.67% |
| As % of the Job Titles category | 0.62% | 0.88% | 0.70% |
| Number of daily rates quoted | 178 | 367 | 429 |
| 10th Percentile | £409 | £413 | £425 |
| 25th Percentile | £486 | £450 | £500 |
| Median daily rate (50th Percentile) | £585 | £563 | £550 |
| Median % change year-on-year | +4.00% | +2.27% | +10.00% |
| 75th Percentile | £659 | £648 | £638 |
| 90th Percentile | £788 | £688 | £700 |
| UK excluding London median daily rate | £575 | £525 | £525 |
| % change year-on-year | +9.52% | - | +16.67% |
| Number of hourly rates quoted | 2 | 2 | 1 |
| 10th Percentile | - | - | - |
| 25th Percentile | £66.25 | - | - |
| Median hourly rate | £67.50 | £39.55 | £69.40 |
| Median % change year-on-year | +70.67% | -43.01% | -3.61% |
| 75th Percentile | £68.75 | - | - |
| 90th Percentile | - | - | - |
| UK excluding London median hourly rate | - | £39.55 | £69.40 |
| % change year-on-year | - | -43.01% | - |
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 | 40,476 | 56,906 | 85,219 |
| % of contract IT jobs with a recognized job title | 92.76% | 94.58% | 95.49% |
| Number of daily rates quoted | 26,420 | 39,710 | 59,771 |
| 10th Percentile | £275 | £313 | £313 |
| 25th Percentile | £409 | £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 | £725 |
| UK excluding London median daily rate | £493 | £500 | £475 |
| % change year-on-year | -1.40% | +5.26% | +11.76% |
| Number of hourly rates quoted | 2,641 | 1,614 | 2,118 |
| 10th Percentile | £12.86 | £14.36 | £12.50 |
| 25th Percentile | £16.30 | £19.50 | £15.50 |
| Median hourly rate | £35.50 | £45.00 | £23.00 |
| Median % change year-on-year | -21.11% | +95.65% | +1.41% |
| 75th Percentile | £60.00 | £65.75 | £48.75 |
| 90th Percentile | £72.50 | £75.92 | £63.00 |
| UK excluding London median hourly rate | £37.50 | £42.50 | £19.50 |
| % change year-on-year | -11.76% | +117.95% | +2.63% |
Product Manager
Job Vacancy Trend
Job postings that featured Product Manager in the job title as a proportion of all IT jobs advertised.
Product Manager
Contractor Daily Rate Trend
3-month moving average daily rate quoted in jobs citing Product Manager.
Product Manager
Daily Rate Histogram
Daily rate distribution for jobs citing Product Manager over the 6 months to 24 April 2024.
Product Manager
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Product Manager.
Product Manager
Top 15 Contract Locations
The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Product Manager within the UK over the 6 months to 24 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 | -56 | 204 | £600 | +4.35% | 279 |
| London | -43 | 136 | £600 | +4.35% | 137 |
| UK excluding London | +11 | 89 | £575 | +9.52% | 144 |
| Work from Home | +32 | 84 | £588 | +6.82% | 146 |
| Scotland | +23 | 26 | £575 | +27.78% | 5 |
| North of England | +22 | 20 | £568 | +3.18% | 36 |
| North West | +18 | 16 | £450 | -25.00% | 23 |
| South West | +18 | 15 | £450 | -30.77% | 12 |
| Midlands | +40 | 14 | £600 | - | 30 |
| South East | -36 | 12 | £525 | - | 43 |
| West Midlands | +33 | 11 | £575 | -11.54% | 23 |
| Yorkshire | +12 | 4 | £600 | +15.66% | 10 |
| East Midlands | +10 | 2 | £601 | -7.50% | 7 |
| East of England | +12 | 1 | £700 | +7.69% | 14 |
| Northern Ireland | +6 | 1 | £640 | +34.74% | 4 |
Product Manager Skill Set
Top 30 Co-occurring Skills and Capabilities
For the 6 months to 24 April 2024, Product Manager 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 Manager in the job title.
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Product Manager 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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