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.
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 10 December 2023.
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 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.
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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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