Period
to 21 November 2017

The median contractor rate for a Product Manager was £550 per day in advertised job vacancies in the City of London during the 6 months to 21 November 2017.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

Note that daily and hourly rates are treated separately in these statistics. When calculating contractor rate percentiles, daily rates are never derived from quoted hourly rates or vice versa.

Product Manager
Central London > City of London
6 months to
21 Nov 2017
Same period 2016 Same period 2015
Rank 240 220 250
Rank change year-on-year -20 +30 +19
Contract jobs requiring a Product Manager 12 29 13
As % of all contract IT jobs advertised in the City of London 0.17% 0.44% 0.14%
As % of the Job Titles category 0.18% 0.46% 0.15%
Number of daily rates quoted 11 18 13
City of London median daily rate £550 £475 £525
Median daily rate % change year-on-year +15.79% -9.52% +16.67%
10th Percentile £410 £368 £381
90th Percentile £750 £825 £668
Central London median daily rate £544 £463 £525
% change year-on-year +17.57% -11.90% +13.51%
Number of hourly rates quoted 1 0 0
City of London median hourly rate £28.50 - -
Central London median hourly rate £28.50 - -

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies advertised in the City of London. 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.

All Contract IT Job Vacancies
City of London
Contract vacancies in the City of London with a recognized job title 6761 6355 8632
% of contract IT jobs with a recognized job title 94.55% 95.52% 95.27%
Number of daily rates quoted 5338 5046 6770
City of London median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.56% +2.86%
10th Percentile £313 £313 £275
90th Percentile £688 £663 £650
Central London median daily rate £500 £475 £450
% change year-on-year +5.26% +5.56% +5.88%
Number of hourly rates quoted 94 77 127
City of London median hourly rate £17.00 £17.50 £19.00
Median hourly rate % change year-on-year -2.86% -7.89% +8.57%
10th Percentile £11.25 £11.50 £10.30
90th Percentile £29.29 £48.40 £39.25
Central London median hourly rate £18.10 £17.21 £18.00
% change year-on-year +5.19% -4.40% +5.88%

Product Manager
Job Vacancy Trend in the City of London

Job postings that featured Product Manager in the job title as a percentage of all IT jobs advertised in the City of London.

Job vacancy trend for Product Manager in the City of London

Product Manager
Contractor Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Product Manager in the City of London.

Contractor daily rate trend for Product Manager in the City of London

Product Manager
Contractor Daily Rate Histogram in the City of London

The daily rate distribution of IT jobs citing Product Manager in the City of London over the 6 months to 21 November 2017.

Contractor daily rate histogram for Product Manager in the City of London

Product Manager Skill Set
Top 30 Co-occurring IT Skills in the City of London

For the 6 months to 21 November 2017, Product Manager contract jobs required the following IT skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region featuring Product Manager in the job title.

1 6 (50.00%) Agile Software Development
2 5 (41.67%) Product Management
2 5 (41.67%) Marketing
3 4 (33.33%) User Experience
4 3 (25.00%) User Stories
5 2 (16.67%) Performance Metrics
5 2 (16.67%) Tradeweb
5 2 (16.67%) Degree
5 2 (16.67%) Electronic Trading
5 2 (16.67%) Finance
5 2 (16.67%) Bloomberg
5 2 (16.67%) Scrum
5 2 (16.67%) Fixed Income
5 2 (16.67%) ION Trading
6 1 (8.33%) Credit Derivative
6 1 (8.33%) Logistics
6 1 (8.33%) Project Management
6 1 (8.33%) Advertising
6 1 (8.33%) Validation
6 1 (8.33%) Stakeholder Management
6 1 (8.33%) CRM
6 1 (8.33%) E-Commerce
6 1 (8.33%) Business Intelligence
6 1 (8.33%) B2B
6 1 (8.33%) B2C
6 1 (8.33%) Foreign Exchange (FX)
6 1 (8.33%) Salesforce.com
6 1 (8.33%) Product Marketing
6 1 (8.33%) Kanban
6 1 (8.33%) SC Cleared

Product Manager Skill Set
Co-occurring IT Skills in the City of London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Business Applications
1 1 (8.33%) Bloomberg TOMS
General
1 5 (41.67%) Marketing
2 2 (16.67%) Finance
3 1 (8.33%) Advertising
3 1 (8.33%) Banking
3 1 (8.33%) Retail
3 1 (8.33%) Retail Banking
Libraries, Frameworks & Software Standards
1 1 (8.33%) Gherkin
Miscellaneous
1 4 (33.33%) User Experience
2 2 (16.67%) Fixed Income
3 1 (8.33%) Analytical Skills
3 1 (8.33%) Credit Derivative
3 1 (8.33%) Data Structures
3 1 (8.33%) Derivative
3 1 (8.33%) Fintech
3 1 (8.33%) Foreign Exchange (FX)
3 1 (8.33%) Interest Rate Derivative
3 1 (8.33%) Media Streaming
3 1 (8.33%) Mobile App
3 1 (8.33%) Over-the-Top Content
3 1 (8.33%) Social Media
3 1 (8.33%) Virtual Team
Operating Systems
1 1 (8.33%) Android
1 1 (8.33%) Apple iOS
Processes & Methodologies
1 6 (50.00%) Agile Software Development
2 5 (41.67%) Product Management
3 3 (25.00%) User Stories
4 2 (16.67%) Electronic Trading
4 2 (16.67%) Performance Metrics
4 2 (16.67%) Scrum
5 1 (8.33%) B2B
5 1 (8.33%) B2C
5 1 (8.33%) Business Intelligence
5 1 (8.33%) CRM
5 1 (8.33%) E-Commerce
5 1 (8.33%) Kanban
5 1 (8.33%) KYC
5 1 (8.33%) Logistics
5 1 (8.33%) Product Marketing
5 1 (8.33%) Project Management
5 1 (8.33%) Stakeholder Management
5 1 (8.33%) Statistics
5 1 (8.33%) Validation
5 1 (8.33%) Wealth Management
Qualifications
1 2 (16.67%) Degree
2 1 (8.33%) SC Cleared
2 1 (8.33%) Security Cleared
Quality Assurance & Compliance
1 1 (8.33%) MiFID
1 1 (8.33%) QA
Vendors
1 2 (16.67%) Bloomberg
1 2 (16.67%) ION Trading
1 2 (16.67%) Tradeweb
2 1 (8.33%) Salesforce.com
2 1 (8.33%) Sitecore