Period
to 27 October 2021

The median contractor rate for a Product Manager was £538 per day in advertised job vacancies during the 6 months to 27 October 2021.

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
27 Oct 2021
Same period 2020 Same period 2019
Rank 397 362 449
Rank change year-on-year -35 +87 +104
Contract jobs requiring a Product Manager 520 179 416
As % of all contract jobs advertised in the UK 0.61% 0.55% 0.49%
As % of the Job Titles category 0.65% 0.60% 0.52%
Number of daily rates quoted 360 125 297
10th Percentile £400 £378 £400
25th Percentile £457 £431 £450
Median daily rate (50th Percentile) £538 £500 £510
Median % change year-on-year +7.50% -1.96% +2.00%
75th Percentile £638 £563 £575
90th Percentile £700 £625 £650
UK excluding London median daily rate £500 £504 £495
% change year-on-year -0.79% +1.82% +7.03%
Number of hourly rates quoted 1 1 4
10th Percentile " " "
25th Percentile £71.00 " £40.00
Median hourly rate £72.00 £26.22 £47.50
Median % change year-on-year +174.60% -44.80% +46.15%
75th Percentile £73.00 " £58.75
90th Percentile " " £61.00
UK excluding London median hourly rate - - £47.50

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 79,516 29,896 79,393
% of contract IT jobs with a recognized job title 93.28% 92.35% 94.14%
Number of daily rates quoted 55,388 20,224 53,196
10th Percentile £300 £258 £258
25th Percentile £408 £363 £363
Median daily rate (50th Percentile) £500 £475 £463
Median % change year-on-year +5.26% +2.70% +2.78%
75th Percentile £600 £575 £569
90th Percentile £700 £660 £645
UK excluding London median daily rate £450 £425 £425
% change year-on-year +5.88% - +1.80%
Number of hourly rates quoted 2,085 995 2,723
10th Percentile £12.00 £11.17 £11.17
25th Percentile £13.74 £14.00 £13.75
Median hourly rate £20.00 £22.00 £19.00
Median % change year-on-year -9.09% +15.79% +8.57%
75th Percentile £45.00 £43.75 £43.00
90th Percentile £62.50 £54.41 £51.75
UK excluding London median hourly rate £17.50 £19.50 £17.50
% change year-on-year -10.26% +11.43% -

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 27 October 2021.

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 16 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 27 October 2021. 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
Job
Vacancies
England -28 420 £540 +8.00% 105
London -59 246 £592 +21.96% 57
Work from Home -86 177 £525 +5.00% 14
UK excluding London -77 172 £500 -0.79% 54
North of England -44 47 £525 -4.55% 14
South East -64 31 £533 +12.11% 10
Yorkshire -36 27 £528 -12.08% 3
Midlands -73 26 £483 -4.27% 9
Scotland -70 25 £450 -6.25% 5
West Midlands -64 21 £525 +4.17% 7
South West -31 20 £409 +19.01% 7
East of England -35 19 £675 +17.39% 7
North West -45 18 £525 -4.55% 11
East Midlands -28 5 £450 - 2
North East -5 4 £513 +6.49%
Wales -33 4 £550 +6.80% 2

Product Manager Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 27 October 2021, Product Manager contract jobs required the following IT 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.

1 295 (56.73%) Agile Software Development
2 170 (32.69%) Product Management
3 129 (24.81%) Social Skills
4 106 (20.38%) User Stories
5 100 (19.23%) Product Roadmap
6 95 (18.27%) Product Backlog
7 84 (16.15%) Product Vision
8 82 (15.77%) User Experience
9 81 (15.58%) Backlog Management
10 74 (14.23%) Marketing
11 73 (14.04%) Scrum
11 73 (14.04%) User Research
12 72 (13.85%) Backlog Prioritisation
12 72 (13.85%) Finance
13 68 (13.08%) Public Sector
14 65 (12.50%) Product Strategy
15 54 (10.38%) Analytics
16 51 (9.81%) Retail
17 50 (9.62%) Security Cleared
18 48 (9.23%) User-Centered Design (UCD)
19 45 (8.65%) Stakeholder Management
20 44 (8.46%) SC Cleared
20 44 (8.46%) JIRA
21 41 (7.88%) Analytical Skills
21 41 (7.88%) Service Design
22 40 (7.69%) Business Case
23 39 (7.50%) Acceptance Criteria
23 39 (7.50%) Problem-Solving
24 38 (7.31%) Confluence
25 37 (7.12%) E-Commerce

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 38 (7.31%) Confluence
2 9 (1.73%) CMS
3 2 (0.38%) Adobe Experience Manager
4 1 (0.19%) Alfresco
4 1 (0.19%) Drupal
4 1 (0.19%) SAS
4 1 (0.19%) SharePoint
Applications
1 5 (0.96%) Microsoft Excel
1 5 (0.96%) MS Visio
2 4 (0.77%) Microsoft PowerPoint
2 4 (0.77%) Microsoft Project
3 3 (0.58%) Microsoft Office
4 2 (0.38%) Chatbot
Business Applications
1 2 (0.38%) Payment Gateway
1 2 (0.38%) Salesforce.com CRM
2 1 (0.19%) Magento
2 1 (0.19%) nopCommerce
2 1 (0.19%) Oracle ERP
2 1 (0.19%) Q-Pulse
2 1 (0.19%) SAP CO
2 1 (0.19%) SAP FI
2 1 (0.19%) SAP FI/CO
Cloud Services
1 24 (4.62%) SaaS
2 13 (2.50%) AWS
3 7 (1.35%) Azure
3 7 (1.35%) Google Analytics
4 6 (1.15%) Microsoft 365
5 5 (0.96%) GitHub
5 5 (0.96%) Salesforce Service Cloud
5 5 (0.96%) Serverless
5 5 (0.96%) Trello
6 4 (0.77%) Snowflake
7 3 (0.58%) Miro
7 3 (0.58%) Power Platform
8 2 (0.38%) Dynamics 365
9 1 (0.19%) Cloud Computing
9 1 (0.19%) dbt
9 1 (0.19%) PaaS
9 1 (0.19%) PowerApps
Communications & Networking
1 13 (2.50%) WAN
2 11 (2.12%) SD-WAN
3 3 (0.58%) Internet
4 2 (0.38%) Broadband
4 2 (0.38%) LAN
4 2 (0.38%) VPN
5 1 (0.19%) 3GPP
5 1 (0.19%) 4G
5 1 (0.19%) 5G
5 1 (0.19%) Ethernet
5 1 (0.19%) Extranet
5 1 (0.19%) Firewall
5 1 (0.19%) LLU
5 1 (0.19%) LTE
5 1 (0.19%) Network Security
5 1 (0.19%) PPTP
5 1 (0.19%) Radio Access Network
5 1 (0.19%) SMS
5 1 (0.19%) Software-Defined Networking
5 1 (0.19%) Wi-Fi
Database & Business Intelligence
1 6 (1.15%) Big Data
1 6 (1.15%) Relational Database
2 5 (0.96%) Data Lake
3 4 (0.77%) Metadata
3 4 (0.77%) Tableau
4 2 (0.38%) Hadoop
4 2 (0.38%) MongoDB
4 2 (0.38%) Power BI
5 1 (0.19%) BusinessObjects Business Intelligence
5 1 (0.19%) Data Warehouse
5 1 (0.19%) Mixpanel
5 1 (0.19%) MySQL
5 1 (0.19%) NoSQL
5 1 (0.19%) Power Query
5 1 (0.19%) PowerPivot
5 1 (0.19%) SAP BW
5 1 (0.19%) SQL Server
Development Applications
1 44 (8.46%) JIRA
2 1 (0.19%) Eclipse
2 1 (0.19%) GitLab
General
1 129 (24.81%) Social Skills
2 74 (14.23%) Marketing
3 72 (13.85%) Finance
4 68 (13.08%) Public Sector
5 51 (9.81%) Retail
6 41 (7.88%) Analytical Skills
7 27 (5.19%) Presentation Skills
8 19 (3.65%) Banking
9 17 (3.27%) Influencing Skills
10 15 (2.88%) Legal
11 12 (2.31%) Telecoms
12 10 (1.92%) Publishing
13 7 (1.35%) Manufacturing
13 7 (1.35%) Public Speaking
14 6 (1.15%) Automotive
15 5 (0.96%) Welsh Language
16 4 (0.77%) German Language
16 4 (0.77%) Investment Banking
16 4 (0.77%) Law
16 4 (0.77%) Retail Banking
Libraries, Frameworks & Software Standards
1 4 (0.77%) React
1 4 (0.77%) XML
2 2 (0.38%) .NET
2 2 (0.38%) CSS
2 2 (0.38%) HTML
2 2 (0.38%) Play Framework
2 2 (0.38%) Web Services
3 1 (0.19%) ASP.NET
3 1 (0.19%) GraphQL
3 1 (0.19%) Velocity
Miscellaneous
1 82 (15.77%) User Experience
2 14 (2.69%) Virtual Team
3 10 (1.92%) Blog
3 10 (1.92%) Mobile App
4 9 (1.73%) Management Information System
4 9 (1.73%) Marketing Technology
5 7 (1.35%) Self-Motivation
6 6 (1.15%) Analytical Mindset
6 6 (1.15%) CMDB
6 6 (1.15%) Data Protection Act
7 4 (0.77%) PMI
8 3 (0.58%) Enterprise Software
8 3 (0.58%) FMCG
8 3 (0.58%) Greenfield Project
8 3 (0.58%) NHS
9 2 (0.38%) Cloud Native
9 2 (0.38%) Contactless
9 2 (0.38%) Industry 4.0
9 2 (0.38%) New Media
9 2 (0.38%) Renewable Energy
Operating Systems
1 5 (0.96%) Windows
2 3 (0.58%) Android
2 3 (0.58%) Apple iOS
3 2 (0.38%) Unix
3 2 (0.38%) Windows 10
3 2 (0.38%) Windows 7
4 1 (0.19%) Linux
4 1 (0.19%) Mac OS
4 1 (0.19%) Mac OS X
Processes & Methodologies
1 295 (56.73%) Agile Software Development
2 170 (32.69%) Product Management
3 106 (20.38%) User Stories
4 100 (19.23%) Product Roadmap
5 95 (18.27%) Product Backlog
6 84 (16.15%) Product Vision
7 81 (15.58%) Backlog Management
8 73 (14.04%) Scrum
8 73 (14.04%) User Research
9 72 (13.85%) Backlog Prioritisation
10 65 (12.50%) Product Strategy
11 54 (10.38%) Analytics
12 48 (9.23%) User-Centered Design (UCD)
13 45 (8.65%) Stakeholder Management
14 41 (7.88%) Service Design
15 40 (7.69%) Business Case
16 39 (7.50%) Acceptance Criteria
16 39 (7.50%) Problem-Solving
17 37 (7.12%) E-Commerce
18 36 (6.92%) Project Management
Programming Languages
1 9 (1.73%) C
1 9 (1.73%) SQL
2 3 (0.58%) Apex Code
2 3 (0.58%) Java
3 2 (0.38%) Scala
4 1 (0.19%) Data Analysis Expressions (DAX)
4 1 (0.19%) JavaScript
4 1 (0.19%) Python
Qualifications
1 50 (9.62%) Security Cleared
2 44 (8.46%) SC Cleared
3 22 (4.23%) Degree
4 11 (2.12%) MBA
5 8 (1.54%) BPSS Clearance
5 8 (1.54%) ITIL Certification
6 6 (1.15%) CSPO
7 4 (0.77%) PMI Certification
8 3 (0.58%) DBS Check
9 2 (0.38%) Master's Degree
10 1 (0.19%) CCNA
10 1 (0.19%) Cisco Certification
10 1 (0.19%) Computer Science Degree
10 1 (0.19%) CTC Cleared
10 1 (0.19%) Numerate Degree
10 1 (0.19%) PMP
Quality Assurance & Compliance
1 11 (2.12%) QA
2 6 (1.15%) Accessibility
3 4 (0.77%) ISO 20022
4 2 (0.38%) PCI DSS
4 2 (0.38%) UCITS
5 1 (0.19%) Disclosure Scotland
5 1 (0.19%) EMIR
5 1 (0.19%) GAAP
5 1 (0.19%) GRC
5 1 (0.19%) PMO
System Software
1 1 (0.19%) Virtual Machines
1 1 (0.19%) VMware Infrastructure
Systems Management
1 2 (0.38%) Single Sign-On
2 1 (0.19%) Kubernetes
Vendors
1 30 (5.77%) Salesforce.com
2 14 (2.69%) Microsoft
3 9 (1.73%) Google
3 9 (1.73%) ServiceNow
4 8 (1.54%) Oracle
5 4 (0.77%) Mercator
5 4 (0.77%) SAP
6 3 (0.58%) Atlassian
6 3 (0.58%) BT
6 3 (0.58%) CA Agile Central
7 2 (0.38%) Adobe
7 2 (0.38%) Alteryx
7 2 (0.38%) Splunk
7 2 (0.38%) UiPath
8 1 (0.19%) Bloomberg
8 1 (0.19%) Informatica
8 1 (0.19%) Remedy
8 1 (0.19%) Sitecore
8 1 (0.19%) Spotify
8 1 (0.19%) VMware