Product Manager Contracts

Product Manager
UK

The median Product Manager daily rate in the UK is £575 according to job vacancies posted during the 6 months to 10 December 2023.

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
10 Dec 2023
Same period 2022 Same period 2021
Rank 372 351 409
Rank change year-on-year -21 +58 -39
Contract jobs requiring a Product Manager 241 591 536
As % of all contract jobs advertised in the UK 0.54% 0.77% 0.60%
As % of the Job Titles category 0.58% 0.81% 0.63%
Number of daily rates quoted 187 430 377
10th Percentile £408 £450 £408
25th Percentile £475 £513 £470
Median daily rate (50th Percentile) £575 £600 £550
Median % change year-on-year -4.17% +9.09% +10.00%
75th Percentile £700 £660 £638
90th Percentile £775 £725 £700
UK excluding London median daily rate £450 £600 £525
% change year-on-year -25.00% +14.29% +5.00%
Number of hourly rates quoted 2 4 1
10th Percentile £51.75 £31.14 -
25th Percentile £52.50 £34.35 -
Median hourly rate £55.00 £37.28 £69.40
Median % change year-on-year +47.55% -46.29% +164.68%
75th Percentile £57.50 £49.12 -
90th Percentile £58.25 £68.40 -
UK excluding London median hourly rate - £29.00 £69.40
% change year-on-year - -58.21% -

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 41,552 73,114 85,514
% of contract IT jobs with a recognized job title 93.42% 95.16% 95.53%
Number of daily rates quoted 27,976 50,959 59,881
10th Percentile £293 £313 £300
25th Percentile £413 £425 £413
Median daily rate (50th Percentile) £525 £550 £513
Median % change year-on-year -4.55% +7.32% +8.47%
75th Percentile £644 £650 £613
90th Percentile £740 £750 £700
UK excluding London median daily rate £500 £500 £450
% change year-on-year - +11.11% +5.88%
Number of hourly rates quoted 1,473 1,721 2,216
10th Percentile £15.16 £13.25 £12.00
25th Percentile £19.06 £17.00 £14.00
Median hourly rate £44.50 £30.00 £20.00
Median % change year-on-year +48.33% +50.00% -16.67%
75th Percentile £65.00 £63.75 £45.89
90th Percentile £77.50 £72.50 £63.00
UK excluding London median hourly rate £44.50 £24.73 £17.50
% change year-on-year +79.98% +41.29% -14.29%

Product Manager
Job Vacancy Trend

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

Job vacancy trend for Product Manager in the UK

Product Manager
Contractor Daily Rate Trend

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

Daily rate trend for Product Manager in the UK

Product Manager
Daily Rate Histogram

Daily rate distribution for jobs citing Product Manager over the 6 months to 10 December 2023.

Daily rate histogram for Product Manager in the UK

Product Manager
Contractor Hourly Rate Trend

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

Hourly rate trend for Product Manager in the UK

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 10 December 2023. 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 -46 214 £575 -3.16% 234
London -18 149 £600 +2.13% 115
Work from Home +25 90 £550 -4.35% 117
UK excluding London +25 64 £450 -25.00% 118
Midlands +65 16 £450 -25.00% 21
North of England +12 15 £450 -21.74% 44
South West +29 14 £409 -35.70% 14
North West +19 11 £364 -39.38% 26
South East +19 11 £493 -17.92% 25
West Midlands +53 10 £463 -23.93% 16
Scotland +34 8 £434 -24.57% 4
East Midlands +27 5 £278 -57.31% 5
East of England +25 4 £468 -28.08% 9
Yorkshire +25 4 £500 -9.09% 10
North East +31 1 - - 8

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

For the 6 months to 10 December 2023, 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.

1 114 (47.30%) Agile
2 107 (44.40%) Roadmaps
3 76 (31.54%) Product Management
4 60 (24.90%) Product Roadmap
5 56 (23.24%) Product Ownership
6 54 (22.41%) Social Skills
7 52 (21.58%) Finance
8 42 (17.43%) Security Cleared
9 34 (14.11%) SC Cleared
10 32 (13.28%) Public Sector
11 30 (12.45%) Stakeholder Management
11 30 (12.45%) Product Strategy
12 27 (11.20%) Product Backlog
12 27 (11.20%) Project Management
13 25 (10.37%) Marketing
13 25 (10.37%) User Stories
14 24 (9.96%) Microsoft
14 24 (9.96%) Product Vision
14 24 (9.96%) Backlog Management
15 23 (9.54%) Continuous Improvement
16 21 (8.71%) Analytical Skills
17 20 (8.30%) Problem-Solving
17 20 (8.30%) User Research
18 19 (7.88%) Decision-Making
18 19 (7.88%) User Experience
19 18 (7.47%) Scrum
19 18 (7.47%) Analytics
20 16 (6.64%) Machine Learning
20 16 (6.64%) Coaching
20 16 (6.64%) Retail

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:

Application Platforms
1 7 (2.90%) Confluence
2 4 (1.66%) CMS
3 1 (0.41%) Adobe Experience Manager
Applications
1 4 (1.66%) Microsoft Office
2 2 (0.83%) Microsoft Excel
2 2 (0.83%) Microsoft PowerPoint
3 1 (0.41%) Notion
3 1 (0.41%) Spreadsheet
3 1 (0.41%) Trello
Business Applications
1 2 (0.83%) Dynamics CRM
1 2 (0.83%) SAP Oil and Gas
1 2 (0.83%) SAP S/4HANA
2 1 (0.41%) Magento
2 1 (0.41%) SAP Hybris
2 1 (0.41%) Sprinklr
Cloud Services
1 13 (5.39%) Azure
2 7 (2.90%) AWS
3 5 (2.07%) Dynamics 365
3 5 (2.07%) GCP
3 5 (2.07%) SaaS
4 4 (1.66%) Microsoft 365
5 2 (0.83%) Azure Service Bus
5 2 (0.83%) Figma
5 2 (0.83%) Google Analytics
5 2 (0.83%) Miro
6 1 (0.41%) Alation
6 1 (0.41%) Azure DevOps
6 1 (0.41%) Collibra
6 1 (0.41%) Google Tag Manager
6 1 (0.41%) Microsoft Purview
6 1 (0.41%) PaaS
6 1 (0.41%) Power Platform
6 1 (0.41%) SAP Commerce Cloud
6 1 (0.41%) WhatsApp
Communications & Networking
1 5 (2.07%) Internet
2 2 (0.83%) 5G
2 2 (0.83%) Broadband
2 2 (0.83%) LAN
2 2 (0.83%) LTE
2 2 (0.83%) Radio Access Network
2 2 (0.83%) Wireless
3 1 (0.41%) Ethernet
3 1 (0.41%) PSTN
3 1 (0.41%) VPN
Database & Business Intelligence
1 3 (1.24%) Data Lake
1 3 (1.24%) Tableau
2 2 (0.83%) Big Data
2 2 (0.83%) Electronic Patient Records
2 2 (0.83%) Oracle Reports
3 1 (0.41%) Metadata
3 1 (0.41%) Power BI
Development Applications
1 11 (4.56%) JIRA
2 1 (0.41%) GitLab
General
1 54 (22.41%) Social Skills
2 52 (21.58%) Finance
3 32 (13.28%) Public Sector
4 25 (10.37%) Marketing
5 21 (8.71%) Analytical Skills
6 16 (6.64%) Retail
7 10 (4.15%) Front Office
8 8 (3.32%) Legal
8 8 (3.32%) Presentation Skills
8 8 (3.32%) Telecoms
9 7 (2.90%) Banking
9 7 (2.90%) Influencing Skills
10 5 (2.07%) Automotive
11 4 (1.66%) Advertising
11 4 (1.66%) Local Government
11 4 (1.66%) Organisational Skills
12 3 (1.24%) Games
12 3 (1.24%) Inclusion and Diversity
12 3 (1.24%) Law
12 3 (1.24%) Manufacturing
Libraries, Frameworks & Software Standards
1 2 (0.83%) ADO
1 2 (0.83%) FIX Protocol
2 1 (0.41%) .NET
2 1 (0.41%) AngularJS
2 1 (0.41%) Node.js
2 1 (0.41%) React
2 1 (0.41%) Velocity
2 1 (0.41%) Web Services
Miscellaneous
1 56 (23.24%) Product Ownership
2 12 (4.98%) Derivative
3 10 (4.15%) Equities
3 10 (4.15%) Fixed Income
3 10 (4.15%) Foreign Exchange (FX)
3 10 (4.15%) Hedge funds
4 9 (3.73%) Onboarding
5 8 (3.32%) Mobile App
6 4 (1.66%) Algorithms
7 3 (1.24%) Analytical Mindset
7 3 (1.24%) CMDB
7 3 (1.24%) Management Information System
7 3 (1.24%) NHS
8 2 (0.83%) Digital Media
8 2 (0.83%) Distributed Applications
8 2 (0.83%) Renewable Energy
9 1 (0.41%) Infotainment
9 1 (0.41%) Private Cloud
9 1 (0.41%) Public Cloud
9 1 (0.41%) Sports Betting
Operating Systems
1 10 (4.15%) Apple iOS
2 3 (1.24%) Windows
2 3 (1.24%) Windows 10
3 2 (0.83%) Kali Linux
3 2 (0.83%) Linux
4 1 (0.41%) Android
Processes & Methodologies
1 114 (47.30%) Agile
2 107 (44.40%) Roadmaps
3 76 (31.54%) Product Management
4 60 (24.90%) Product Roadmap
5 30 (12.45%) Product Strategy
5 30 (12.45%) Stakeholder Management
6 27 (11.20%) Product Backlog
6 27 (11.20%) Project Management
7 25 (10.37%) User Stories
8 24 (9.96%) Backlog Management
8 24 (9.96%) Product Vision
9 23 (9.54%) Continuous Improvement
10 20 (8.30%) Problem-Solving
10 20 (8.30%) User Research
11 19 (7.88%) Decision-Making
11 19 (7.88%) User Experience
12 18 (7.47%) Analytics
12 18 (7.47%) Scrum
13 16 (6.64%) Coaching
13 16 (6.64%) Machine Learning
Programming Languages
1 4 (1.66%) Java
1 4 (1.66%) SQL
2 1 (0.41%) C#
2 1 (0.41%) C++
2 1 (0.41%) JavaScript
2 1 (0.41%) TypeScript
Qualifications
1 42 (17.43%) Security Cleared
2 34 (14.11%) SC Cleared
3 13 (5.39%) Degree
4 5 (2.07%) Master's Degree
4 5 (2.07%) MBA
5 2 (0.83%) DV Cleared
6 1 (0.41%) BPSS Clearance
6 1 (0.41%) Computer Science Degree
6 1 (0.41%) CSPO
6 1 (0.41%) ITIL Certification
6 1 (0.41%) Numerate Degree
Quality Assurance & Compliance
1 12 (4.98%) QA
2 8 (3.32%) Accessibility
3 4 (1.66%) Data Quality
3 4 (1.66%) EMIR
3 4 (1.66%) MiFID
4 2 (0.83%) GDPR
4 2 (0.83%) GRC
4 2 (0.83%) PCI DSS
System Software
1 3 (1.24%) Active Directory
Systems Management
1 3 (1.24%) Microsoft Intune
1 3 (1.24%) SCCM
2 2 (0.83%) Kubernetes
3 1 (0.41%) Nessus
3 1 (0.41%) Single Sign-On
Vendors
1 24 (9.96%) Microsoft
2 7 (2.90%) ServiceNow
3 5 (2.07%) SAP
4 4 (1.66%) Google
4 4 (1.66%) Splunk
5 3 (1.24%) Oracle
6 2 (0.83%) Black Duck
6 2 (0.83%) Brio
6 2 (0.83%) IBM
6 2 (0.83%) MicroStrategy
7 1 (0.41%) Adobe
7 1 (0.41%) Ariba
7 1 (0.41%) Cognos
7 1 (0.41%) Informatica
7 1 (0.41%) Mercator
7 1 (0.41%) Optimizely
7 1 (0.41%) Salesforce
7 1 (0.41%) Spotify
7 1 (0.41%) VMware
7 1 (0.41%) Workday