Period
to

The median contractor rate for a Product Manager was £563 per day in advertised job vacancies during the 6 months to 26 May 2022.

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
UK
6 months to
26 May 2022
Same period 2021 Same period 2020
Rank 364 379 409
Rank change year-on-year +15 +30 +94
Contract jobs requiring a Product Manager 607 336 235
As % of all contract jobs advertised in the UK 0.69% 0.57% 0.49%
As % of the Job Titles category 0.74% 0.61% 0.53%
Number of daily rates quoted 438 230 155
10th Percentile £425 £326 £378
25th Percentile £500 £413 £425
Median daily rate (50th Percentile) £563 £500 £483
Median % change year-on-year +12.50% +3.63% -3.50%
75th Percentile £638 £588 £566
90th Percentile £713 £688 £642
UK excluding London median daily rate £540 £456 £483
% change year-on-year +18.36% -5.44% +7.22%
Number of hourly rates quoted 1 4 4
10th Percentile - £65.58 £23.10
25th Percentile £41.25 £69.06 £23.20
Median hourly rate £42.50 £72.00 £36.75
Median % change year-on-year -40.97% +95.92% -33.18%
75th Percentile £43.75 £73.00 £52.81
90th Percentile - - £57.88
UK excluding London median hourly rate - - £23.50
% change year-on-year - - -57.27%

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.

All Contract IT Job Vacancies
UK
Contract vacancies in the UK with a recognized job title 81,653 54,691 44,473
% of contract IT jobs with a recognized job title 93.17% 92.83% 93.67%
Number of daily rates quoted 57,446 37,478 29,524
10th Percentile £313 £294 £250
25th Percentile £425 £388 £363
Median daily rate (50th Percentile) £525 £485 £470
Median % change year-on-year +8.25% +3.19% -0.53%
75th Percentile £638 £585 £575
90th Percentile £738 £675 £650
UK excluding London median daily rate £475 £425 £425
% change year-on-year +11.76% - -
Number of hourly rates quoted 1,951 1,706 1,613
10th Percentile £12.50 £11.50 £11.62
25th Percentile £15.75 £14.50 £14.14
Median hourly rate £23.91 £21.78 £19.00
Median % change year-on-year +9.78% +14.63% +5.56%
75th Percentile £49.25 £44.64 £39.25
90th Percentile £65.00 £57.50 £52.50
UK excluding London median hourly rate £20.00 £18.66 £18.00
% change year-on-year +7.17% +3.68% +2.86%

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 26 May 2022.

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 17 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 26 May 2022. 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 +19 511 £575 +15.00% 139
London +16 340 £575 +9.52% 83
Work from Home +20 318 £550 +10.00% 42
UK excluding London -35 162 £540 +18.36% 60
South East -13 46 £588 +46.88% 21
North of England -38 38 £538 +13.16% 13
Scotland +5 28 £500 +12.99% 2
East of England -11 21 £650 +4.00% 7
South West -22 15 £550 +15.79% 6
North West -34 15 £563 +2.27% 7
Yorkshire -48 12 £525 +10.53% 6
West Midlands -53 12 £540 +8.00% 5
Midlands -56 12 £540 +10.77% 7
North East +2 10 £556 +8.54%
Wales -8 3 £425 +88.89% 4
Northern Ireland -2 1 £425 -
East Midlands -27 1 £650 +73.33% 2

Product Manager Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 26 May 2022, Product Manager contract jobs required the following skills 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.

1 361 (59.47%) Agile
2 187 (30.81%) Product Management
3 137 (22.57%) Stakeholder Management
4 134 (22.08%) Product Roadmap
5 127 (20.92%) Finance
6 123 (20.26%) Retail
7 119 (19.60%) Social Skills
8 106 (17.46%) Scrum
9 102 (16.80%) Product Strategy
10 93 (15.32%) User Stories
11 91 (14.99%) User Experience
12 81 (13.34%) Public Sector
13 71 (11.70%) Product Vision
14 65 (10.71%) Product Backlog
15 63 (10.38%) Decision-Making
16 56 (9.23%) Backlog Management
17 50 (8.24%) E-Commerce
18 49 (8.07%) User Research
19 47 (7.74%) Project Management
20 45 (7.41%) Business Case
21 44 (7.25%) Analytical Skills
22 43 (7.08%) Microsoft
22 43 (7.08%) JIRA
23 41 (6.75%) Problem-Solving
24 39 (6.43%) DevOps
24 39 (6.43%) Analytics
25 38 (6.26%) Security Cleared
26 37 (6.10%) Epics
27 36 (5.93%) Backlog Prioritisation
27 36 (5.93%) Scaled Agile Framework

Product Manager Skill Set
Co-occurring IT Skills 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 34 (5.60%) Confluence
2 8 (1.32%) CMS
3 4 (0.66%) SharePoint
4 3 (0.49%) SAS
5 2 (0.33%) Adobe Experience Manager
6 1 (0.16%) Alfresco
6 1 (0.16%) Apache Airflow
6 1 (0.16%) Apache Spark
6 1 (0.16%) Drupal
6 1 (0.16%) Sitecore CMS
Applications
1 18 (2.97%) Microsoft Excel
2 10 (1.65%) Microsoft Office
2 10 (1.65%) Microsoft Project
3 3 (0.49%) Microsoft PowerPoint
3 3 (0.49%) MS Visio
Business Applications
1 5 (0.82%) Oracle ERP
2 4 (0.66%) Salesforce.com CRM
3 2 (0.33%) Oracle Applications
3 2 (0.33%) Oracle EBS
3 2 (0.33%) SAP IBP
3 2 (0.33%) SAP S/4HANA
4 1 (0.16%) NetSuite
4 1 (0.16%) Oracle Financials
4 1 (0.16%) Oracle Payables
4 1 (0.16%) Oracle Subledger Accounting
4 1 (0.16%) Workday HCM
Cloud Services
1 29 (4.78%) Azure
2 18 (2.97%) SaaS
3 15 (2.47%) AWS
4 11 (1.81%) Microsoft 365
5 10 (1.65%) Miro
6 8 (1.32%) Power Platform
7 5 (0.82%) GitHub
7 5 (0.82%) Google Analytics
7 5 (0.82%) PaaS
8 4 (0.66%) Power Automate
8 4 (0.66%) PowerApps
8 4 (0.66%) Snowflake
9 3 (0.49%) Azure Active Directory
9 3 (0.49%) Serverless
9 3 (0.49%) SuccessFactors
10 2 (0.33%) Asana
10 2 (0.33%) Azure Data Factory
10 2 (0.33%) Azure Event Grid
10 2 (0.33%) Cloud Computing
10 2 (0.33%) Dynamics 365
Communications & Networking
1 6 (0.99%) Internet
2 5 (0.82%) Firewall
3 4 (0.66%) Broadband
3 4 (0.66%) Cisco ISE
4 1 (0.16%) Network Security
4 1 (0.16%) WAN
Database & Business Intelligence
1 8 (1.32%) Power BI
2 6 (0.99%) Tableau
3 4 (0.66%) Big Data
4 2 (0.33%) Azure SQL Database
4 2 (0.33%) Data Lake
4 2 (0.33%) Data Warehouse
5 1 (0.16%) Looker
5 1 (0.16%) Metadata
Development Applications
1 43 (7.08%) JIRA
2 8 (1.32%) Git (software)
3 2 (0.33%) Jenkins
4 1 (0.16%) Rational Team Concert
4 1 (0.16%) Subversion
General
1 127 (20.92%) Finance
2 123 (20.26%) Retail
3 119 (19.60%) Social Skills
4 81 (13.34%) Public Sector
5 44 (7.25%) Analytical Skills
6 36 (5.93%) Marketing
7 34 (5.60%) Presentation Skills
8 24 (3.95%) Telecoms
9 23 (3.79%) Banking
10 17 (2.80%) Manufacturing
11 16 (2.64%) Legal
12 14 (2.31%) Influencing Skills
13 13 (2.14%) Front Office
14 10 (1.65%) Public Speaking
15 9 (1.48%) Games
16 8 (1.32%) Publishing
17 7 (1.15%) Automotive
17 7 (1.15%) Investment Banking
17 7 (1.15%) Law
18 6 (0.99%) Electronics
Libraries, Frameworks & Software Standards
1 11 (1.81%) ADO
2 7 (1.15%) .NET
2 7 (1.15%) Oracle Fusion
3 5 (0.82%) Velocity
4 4 (0.66%) Azure Blueprints
4 4 (0.66%) Kafka
5 3 (0.49%) Lightning Web Components
5 3 (0.49%) REST
6 2 (0.33%) CSS
6 2 (0.33%) HTML
6 2 (0.33%) Middleware
6 2 (0.33%) OAuth
6 2 (0.33%) Web Services
6 2 (0.33%) web3js
7 1 (0.16%) Hibernate
7 1 (0.16%) JPA
7 1 (0.16%) LDAP
7 1 (0.16%) SAML
7 1 (0.16%) Servlets
7 1 (0.16%) Spring
Miscellaneous
1 91 (14.99%) User Experience
2 15 (2.47%) Management Information System
3 13 (2.14%) Derivative
3 13 (2.14%) Fixed Income
3 13 (2.14%) Hedge funds
4 12 (1.98%) Mobile App
4 12 (1.98%) OTC Derivatives
5 11 (1.81%) Data Protection Act
6 10 (1.65%) Virtual Team
7 9 (1.48%) Blog
7 9 (1.48%) Public Cloud
8 6 (0.99%) IoT
9 5 (0.82%) Algorithms
9 5 (0.82%) Enterprise Cloud
9 5 (0.82%) Greenfield Project
9 5 (0.82%) PMI
9 5 (0.82%) Renewable Energy
10 4 (0.66%) Enterprise Software
11 3 (0.49%) Data Structures
11 3 (0.49%) Legacy Systems
Operating Systems
1 6 (0.99%) Apple iOS
2 5 (0.82%) Android
3 1 (0.16%) Linux
3 1 (0.16%) Windows
Processes & Methodologies
1 361 (59.47%) Agile
2 187 (30.81%) Product Management
3 137 (22.57%) Stakeholder Management
4 134 (22.08%) Product Roadmap
5 106 (17.46%) Scrum
6 102 (16.80%) Product Strategy
7 93 (15.32%) User Stories
8 71 (11.70%) Product Vision
9 65 (10.71%) Product Backlog
10 63 (10.38%) Decision-Making
11 56 (9.23%) Backlog Management
12 50 (8.24%) E-Commerce
13 49 (8.07%) User Research
14 47 (7.74%) Project Management
15 45 (7.41%) Business Case
16 41 (6.75%) Problem-Solving
17 39 (6.43%) Analytics
17 39 (6.43%) DevOps
18 37 (6.10%) Epics
19 36 (5.93%) Scaled Agile Framework
Programming Languages
1 24 (3.95%) SQL
2 15 (2.47%) Python
3 13 (2.14%) R
4 12 (1.98%) MATLAB
4 12 (1.98%) VBA
5 5 (0.82%) C
6 2 (0.33%) ABAP
6 2 (0.33%) Bash
6 2 (0.33%) Java
7 1 (0.16%) JavaScript
Qualifications
1 38 (6.26%) Security Cleared
2 26 (4.28%) SC Cleared
3 17 (2.80%) Degree
4 7 (1.15%) BPSS Clearance
5 5 (0.82%) ISTQB
5 5 (0.82%) ISTQB Foundation Certification
5 5 (0.82%) PMI Certification
6 4 (0.66%) DV Cleared
6 4 (0.66%) MBA
7 3 (0.49%) CTC Cleared
8 2 (0.33%) SAP Certification
9 1 (0.16%) Computer Science Degree
9 1 (0.16%) DBS Check
9 1 (0.16%) PMP
9 1 (0.16%) Postgraduate
Quality Assurance & Compliance
1 10 (1.65%) SLA
2 9 (1.48%) QA
3 8 (1.32%) Accessibility
4 3 (0.49%) Disclosure Scotland
4 3 (0.49%) PMO
5 2 (0.33%) PSD2
5 2 (0.33%) Sarbanes-Oxley
6 1 (0.16%) Data Quality
6 1 (0.16%) GDPR
6 1 (0.16%) GxP
6 1 (0.16%) ISO 20022
6 1 (0.16%) ISO/IEC 27001
6 1 (0.16%) NIST
6 1 (0.16%) NIST 800
6 1 (0.16%) SEPA
6 1 (0.16%) SOC 2
System Software
1 5 (0.82%) Active Directory
2 2 (0.33%) Docker
Systems Management
1 2 (0.33%) HP Quality Center
2 1 (0.16%) Kubernetes
Vendors
1 43 (7.08%) Microsoft
2 31 (5.11%) Oracle
3 20 (3.29%) Salesforce.com
4 13 (2.14%) Planview
4 13 (2.14%) SAP
5 12 (1.98%) BISAM
5 12 (1.98%) Bloomberg
6 6 (0.99%) Google
7 5 (0.82%) Workday
8 4 (0.66%) Cisco
8 4 (0.66%) Kronos
9 3 (0.49%) Adobe
9 3 (0.49%) Databricks
9 3 (0.49%) hybris
9 3 (0.49%) Mercator
9 3 (0.49%) Omniture
10 2 (0.33%) Atlassian
10 2 (0.33%) HP
10 2 (0.33%) PTC
10 2 (0.33%) Sitecore