The median contractor rate for a Product Manager was £488 per day in advertised job vacancies in the City of London during the 3 months to 25 June 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
London / City of London
3 months to
25 Jun 2017
Same period 2016 Same period 2015
Rank 152 151 178
Rank change year-on-year -1 +27  
Contract jobs requiring a Product Manager 11 15 24
As % of all contract IT jobs advertised in the City of London 0.34% 0.45% 0.41%
As % of the Job Titles category 0.35% 0.47% 0.43%
Number of daily rates quoted 10 12 21
Median daily rate £488 £475 £550
Median daily rate % change year-on-year +2.63% -13.63%  
90% offered a daily rate of more than £364 £375 £345
10% offered a daily rate of more than £633 £665 £650
UK excluding London median daily rate £403 £525 £425
% change year-on-year -23.33% +23.52%  
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - £35.00 -

The next table is for comparison with the above and includes summary statistics for all job roles in contract job vacancies advertised in the City of London. Most job vacancies include a discernible job title. As such, the figures in the first row provide an indication of the number of contract jobs in our overall sample.

Contract IT Job Roles
City of London
Contract job vacancies with a job title containing a recognized job role 3125 3181 5524
As % of all contract IT job vacancies advertised in the City of London 95.42% 95.73% 94.90%
Number of daily rates quoted 2394 2584 4248
Median daily rate £500 £475 £450
Median daily rate % change year-on-year +5.26% +5.55%  
90% offered a daily rate of more than £325 £313 £275
10% offered a daily rate of more than £650 £625 £625
UK excluding London median daily rate £400 £400 £370
% change year-on-year - +8.10%  
Number of hourly rates quoted 37 37 100
Median hourly rate £18.70 £19.00 £19.00
Median hourly rate % change year-on-year -1.60% -  
90% offered a hourly rate of more than £12.54 £12.50 £10.70
10% offered a hourly rate of more than £30.00 £31.50 £37.03
UK excluding London median hourly rate £17.50 £17.45 £16.00
% change year-on-year +0.28% +9.06%  

Product Manager
Job Vacancy Trend in the City of London

The job posting trend of jobs advertised in the City of London that featured Product Manager in the job title.

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 3 months to 25 June 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 25 June 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 9 (40.91%) Agile Software Development
2 6 (27.27%) Finance
2 6 (27.27%) Retail
3 5 (22.73%) User Stories
3 5 (22.73%) Fintech
3 5 (22.73%) Web Services
3 5 (22.73%) B2B
3 5 (22.73%) Marketing
3 5 (22.73%) Amazon AWS
4 4 (18.18%) Office 365
4 4 (18.18%) Banking
4 4 (18.18%) Content Management
4 4 (18.18%) Microsoft
4 4 (18.18%) Bloomberg
4 4 (18.18%) User Experience
5 3 (13.64%) Retail Banking
5 3 (13.64%) KYC
5 3 (13.64%) User Acceptance Testing
5 3 (13.64%) Wealth Management
5 3 (13.64%) Product Management
6 2 (9.09%) Software Engineering
6 2 (9.09%) CMS
6 2 (9.09%) Scrum
6 2 (9.09%) Adobe
6 2 (9.09%) Data Modelling
6 2 (9.09%) Salesforce.com
6 2 (9.09%) Monetization
7 1 (4.55%) Analytical Skills
7 1 (4.55%) API Design
7 1 (4.55%) Translating Business Requirements

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:

Application Platforms
1 2 (9.09%) CMS
Cloud Services
1 5 (22.73%) Amazon AWS
2 4 (18.18%) Office 365
3 1 (4.55%) Basecamp
3 1 (4.55%) Google Analytics
3 1 (4.55%) Google Play
3 1 (4.55%) iTunes
Database & Business Intelligence
1 1 (4.55%) MongoDB
1 1 (4.55%) SQL Server
Development Applications
1 1 (4.55%) Git (software)
1 1 (4.55%) JIRA
1 1 (4.55%) Team Foundation Server
1 1 (4.55%) TeamCity
General
1 6 (27.27%) Finance
1 6 (27.27%) Retail
2 5 (22.73%) Marketing
3 4 (18.18%) Banking
4 3 (13.64%) Retail Banking
5 1 (4.55%) Telecoms
Libraries, Frameworks & Software Standards
1 5 (22.73%) Web Services
2 1 (4.55%) .NET
2 1 (4.55%) ASP.NET
2 1 (4.55%) ASP.NET MVC
2 1 (4.55%) ASP.NET MVC 4
2 1 (4.55%) RESTful
2 1 (4.55%) SignalR
Miscellaneous
1 5 (22.73%) Fintech
2 4 (18.18%) User Experience
3 1 (4.55%) Analytical Skills
Operating Systems
1 1 (4.55%) CentOS
1 1 (4.55%) Linux
1 1 (4.55%) Windows
Processes & Methodologies
1 9 (40.91%) Agile Software Development
2 5 (22.73%) B2B
2 5 (22.73%) User Stories
3 4 (18.18%) Content Management
4 3 (13.64%) KYC
4 3 (13.64%) Product Management
4 3 (13.64%) User Acceptance Testing
4 3 (13.64%) Wealth Management
5 2 (9.09%) Data Modelling
5 2 (9.09%) Monetization
5 2 (9.09%) Scrum
5 2 (9.09%) Software Engineering
6 1 (4.55%) Asset Management
6 1 (4.55%) Data Management
6 1 (4.55%) MVC
6 1 (4.55%) Project Management
6 1 (4.55%) Service Delivery
6 1 (4.55%) TOGAF
6 1 (4.55%) Web Design
6 1 (4.55%) Zachman Framework
Programming Languages
1 1 (4.55%) C#
1 1 (4.55%) JavaScript
Vendors
1 4 (18.18%) Bloomberg
1 4 (18.18%) Microsoft
2 2 (9.09%) Adobe
2 2 (9.09%) Salesforce.com
3 1 (4.55%) EMC
3 1 (4.55%) Google
3 1 (4.55%) Hitachi
3 1 (4.55%) NetApp
3 1 (4.55%) Omniture
3 1 (4.55%) Sitecore