Period
to 23 February 2020

The median contractor rate for a Product Owner was £488 per day in advertised job vacancies during the 6 months to 23 February 2020.

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 Owner
UK
6 months to
23 Feb 2020
Same period 2019 Same period 2018
Rank 444 473 583
Rank change year-on-year +29 +110 +90
Contract jobs requiring a Product Owner 286 469 315
As % of all contract IT jobs advertised in the UK 0.42% 0.48% 0.31%
As % of the Job Titles category 0.45% 0.50% 0.33%
Number of daily rates quoted 188 316 248
UK median daily rate £488 £488 £475
Median daily rate % change year-on-year - +2.63% +5.56%
10th Percentile £382 £375 £331
90th Percentile £588 £641 £600
UK excluding London median daily rate £475 £463 £466
% change year-on-year +2.70% -0.80% +9.71%
Number of hourly rates quoted 0 2 1
UK median hourly rate - £56.63 £20.00
Median hourly rate % change year-on-year - +183.13% -60.00%
UK excluding London median hourly rate - £45.75 £20.00
% change year-on-year - +128.75% -

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 63,259 93,049 96,254
% of contract IT jobs with a recognized job title 93.91% 94.69% 94.89%
Number of daily rates quoted 40,852 61,596 63,869
UK median daily rate £450 £462 £450
Median daily rate % change year-on-year -2.54% +2.61% +5.88%
10th Percentile £237 £270 £263
90th Percentile £650 £648 £625
UK excluding London median daily rate £425 £425 £400
% change year-on-year - +6.25% -
Number of hourly rates quoted 2,526 2,900 2,852
UK median hourly rate £19.25 £18.70 £18.70
Median hourly rate % change year-on-year +2.94% - +3.89%
10th Percentile £11.61 £11.00 £11.00
90th Percentile £51.75 £49.50 £48.75
UK excluding London median hourly rate £18.00 £17.50 £17.50
% change year-on-year +2.86% - -

Product Owner
Job Vacancy Trend

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

Job vacancy trend for Product Owner in the UK

Product Owner
Contractor Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in contract jobs citing Product Owner.

Contractor daily rate trend for Product Owner in the UK

Product Owner
Contractor Daily Rate Histogram

The daily rate distribution of IT jobs citing Product Owner over the 6 months to 23 February 2020.

Contractor daily rate histogram for Product Owner in the UK

Product Owner
Contractor Hourly Rate Trend

This chart provides the 3-month moving average for contractor hourly rates quoted in IT jobs citing Product Owner.

Contractor hourly rate trend for Product Owner in the UK

Product Owner
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 Owner within the UK over the 6 months to 23 February 2020. 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 +26 273 £488 - 26
UK excluding London +54 150 £475 +2.70% 9
London +38 134 £500 -1.96% 19
North of England +61 44 £450 -2.70% 2
South East +41 42 £500 +11.11% 2
Midlands +20 30 £500 +1.63% 3
North West +62 24 £456 - 1
West Midlands +17 23 £504 +5.00% 1
Yorkshire +36 19 £450 -2.39% 1
East of England +29 13 £410 -8.89%
South West +21 10 £475 +18.75%
East Midlands +41 7 £475 -11.21% 2
Scotland +16 7 £485 -0.51%
Wales +28 4 £400 -17.95% 1
North East +16 2 £500 +2.56%

Product Owner Skill Set
Top 30 Co-occurring IT Skills

For the 6 months to 23 February 2020, Product Owner 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 Owner in the job title.

1 205 (71.68%) Agile Software Development
2 90 (31.47%) User Stories
3 77 (26.92%) Scrum
4 60 (20.98%) User Experience
5 56 (19.58%) Analytics
6 54 (18.88%) E-Commerce
7 52 (18.18%) Product Roadmap
8 51 (17.83%) Stakeholder Management
9 43 (15.03%) Finance
10 39 (13.64%) Problem-Solving
11 38 (13.29%) JIRA
12 31 (10.84%) Epics
13 30 (10.49%) Analytical Skills
13 30 (10.49%) Retail
14 29 (10.14%) Product Management
15 26 (9.09%) Decision-Making
16 25 (8.74%) Business Analysis
16 25 (8.74%) Project Management
17 23 (8.04%) Business Intelligence
18 22 (7.69%) Acceptance Criteria
19 21 (7.34%) Confluence
20 19 (6.64%) Customer-Centricity
20 19 (6.64%) Project Delivery
21 18 (6.29%) Marketing
21 18 (6.29%) B2C
22 17 (5.94%) Collaborative Working
23 16 (5.59%) Service Design
23 16 (5.59%) Mobile App
24 15 (5.24%) Data Analytics
24 15 (5.24%) C

Product Owner 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 21 (7.34%) Confluence
2 2 (0.70%) SharePoint
3 1 (0.35%) Adobe Experience Manager
3 1 (0.35%) CMS
Applications
1 2 (0.70%) Chatbot
1 2 (0.70%) Microsoft Office
2 1 (0.35%) Microsoft Project
Business Applications
1 7 (2.45%) SessionCam
2 5 (1.75%) Dynamics CRM
3 3 (1.05%) Salesforce.com CRM
4 2 (0.70%) Remedy ITSM
5 1 (0.35%) Magento
Cloud Services
1 14 (4.90%) Azure
2 8 (2.80%) AWS
2 8 (2.80%) Google Analytics
3 5 (1.75%) Adobe Analytics
4 4 (1.40%) Office 365
5 3 (1.05%) Trello
6 2 (0.70%) SaaS
7 1 (0.35%) Azure Active Directory
7 1 (0.35%) Azure Data Factory
7 1 (0.35%) Azure ExpressRoute
7 1 (0.35%) GCP
7 1 (0.35%) Google Drive
7 1 (0.35%) IaaS
7 1 (0.35%) PaaS
7 1 (0.35%) Power Platform
7 1 (0.35%) PowerApps
7 1 (0.35%) Salesforce Sales Cloud
7 1 (0.35%) Salesforce Service Cloud
Communications & Networking
1 4 (1.40%) VoIP
2 2 (0.70%) Skype
3 1 (0.35%) 5G
3 1 (0.35%) Firewall
3 1 (0.35%) Internet
3 1 (0.35%) Intranet
3 1 (0.35%) Unified Communications
Database & Business Intelligence
1 9 (3.15%) Data Warehouse
2 6 (2.10%) Big Data
2 6 (2.10%) Relational Database
3 4 (1.40%) Data Lake
4 2 (0.70%) Azure SQL Database
4 2 (0.70%) Blockchain
4 2 (0.70%) MongoDB
4 2 (0.70%) PostgreSQL
4 2 (0.70%) Redis
4 2 (0.70%) SQL Server
5 1 (0.35%) Cosmos DB
Development Applications
1 38 (13.29%) JIRA
2 3 (1.05%) Cucumber
3 2 (0.70%) webpack
General
1 43 (15.03%) Finance
2 30 (10.49%) Retail
3 18 (6.29%) Marketing
4 13 (4.55%) Public Sector
5 12 (4.20%) Banking
6 9 (3.15%) Telecoms
7 8 (2.80%) Advertising
8 7 (2.45%) Law
9 5 (1.75%) Retail Banking
10 4 (1.40%) Corporate Banking
10 4 (1.40%) Investment Banking
10 4 (1.40%) Legal
11 2 (0.70%) Automotive
11 2 (0.70%) Electronics
11 2 (0.70%) Games
11 2 (0.70%) Manufacturing
11 2 (0.70%) Publishing
12 1 (0.35%) Financial Institution
12 1 (0.35%) Front Office
12 1 (0.35%) Local Government
Libraries, Frameworks & Software Standards
1 8 (2.80%) XML
2 7 (2.45%) CSS
2 7 (2.45%) HTML
3 5 (1.75%) jQuery
4 4 (1.40%) .NET
4 4 (1.40%) JSON
4 4 (1.40%) Web Services
5 3 (1.05%) RESTful
6 2 (0.70%) HTML5
6 2 (0.70%) Memcached
6 2 (0.70%) React
6 2 (0.70%) REST
6 2 (0.70%) SOAP
6 2 (0.70%) Twitter Bootstrap
7 1 (0.35%) .NET Core
7 1 (0.35%) OpenID
Miscellaneous
1 60 (20.98%) User Experience
2 30 (10.49%) Analytical Skills
3 16 (5.59%) Mobile App
4 5 (1.75%) Greenfield Project
4 5 (1.75%) Management Information System
4 5 (1.75%) Over-the-Top Content
5 4 (1.40%) Data Protection Act
5 4 (1.40%) Video Conferencing
5 4 (1.40%) Virtual Team
6 3 (1.05%) Self-Motivation
7 2 (0.70%) Digital Media
7 2 (0.70%) Foreign Exchange (FX)
7 2 (0.70%) Marketing Technology
7 2 (0.70%) Reinsurance
7 2 (0.70%) Robotics
8 1 (0.35%) Blog
8 1 (0.35%) Data Centre
8 1 (0.35%) e-Learning
8 1 (0.35%) EPoS
8 1 (0.35%) Online Banking
Operating Systems
1 11 (3.85%) Android
1 11 (3.85%) Apple iOS
2 3 (1.05%) Windows
3 1 (0.35%) Windows 10
3 1 (0.35%) Windows 8
Processes & Methodologies
1 205 (71.68%) Agile Software Development
2 90 (31.47%) User Stories
3 77 (26.92%) Scrum
4 56 (19.58%) Analytics
5 54 (18.88%) E-Commerce
6 52 (18.18%) Product Roadmap
7 51 (17.83%) Stakeholder Management
8 39 (13.64%) Problem-Solving
9 31 (10.84%) Epics
10 29 (10.14%) Product Management
11 26 (9.09%) Decision-Making
12 25 (8.74%) Business Analysis
12 25 (8.74%) Project Management
13 23 (8.04%) Business Intelligence
14 22 (7.69%) Acceptance Criteria
15 19 (6.64%) Customer-Centricity
15 19 (6.64%) Project Delivery
16 18 (6.29%) B2C
17 17 (5.94%) Collaborative Working
18 16 (5.59%) Service Design
Programming Languages
1 15 (5.24%) C
2 10 (3.50%) SQL
3 3 (1.05%) C#
4 2 (0.70%) Java
Qualifications
1 13 (4.55%) Security Cleared
2 5 (1.75%) CSPO
2 5 (1.75%) DV Cleared
2 5 (1.75%) SC Cleared
3 1 (0.35%) Degree
Quality Assurance & Compliance
1 8 (2.80%) GDPR
1 8 (2.80%) QA
2 2 (0.70%) HL7
3 1 (0.35%) Disclosure Scotland
3 1 (0.35%) GxP
3 1 (0.35%) PMO
System Software
1 1 (0.35%) Active Directory
1 1 (0.35%) Docker
1 1 (0.35%) Firmware
1 1 (0.35%) Virtual Machines
Vendors
1 12 (4.20%) Microsoft
2 11 (3.85%) Google
3 9 (3.15%) Salesforce.com
4 7 (2.45%) Hotjar
5 6 (2.10%) Adobe
6 5 (1.75%) SAP
7 3 (1.05%) Tableau
8 2 (0.70%) BMC
8 2 (0.70%) Databricks
8 2 (0.70%) Facebook
8 2 (0.70%) Guidewire
8 2 (0.70%) HubSpot
8 2 (0.70%) Oracle
8 2 (0.70%) Remedy
8 2 (0.70%) Salesforce Marketing Cloud
9 1 (0.35%) Avaya
9 1 (0.35%) CA Agile Central
9 1 (0.35%) Genesys