Product Manager
UK
The median Product Manager daily rate in the UK is £580 according to job vacancies posted during the 6 months to 3 May 2024.
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 3 May 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 346 | 315 | 384 |
| Rank change year-on-year | -31 | +69 | +24 |
| Contract jobs requiring a Product Manager | 255 | 493 | 598 |
| As % of all contract jobs advertised in the UK | 0.59% | 0.83% | 0.67% |
| As % of the Job Titles category | 0.63% | 0.88% | 0.71% |
| Number of daily rates quoted | 184 | 362 | 435 |
| 10th Percentile | £409 | £413 | £425 |
| 25th Percentile | £475 | £450 | £500 |
| Median daily rate (50th Percentile) | £580 | £550 | £560 |
| Median % change year-on-year | +5.45% | -1.79% | +12.00% |
| 75th Percentile | £663 | £644 | £638 |
| 90th Percentile | £788 | £688 | £700 |
| UK excluding London median daily rate | £575 | £531 | £525 |
| % change year-on-year | +8.24% | +1.19% | +16.67% |
| Number of hourly rates quoted | 2 | 2 | 2 |
| 10th Percentile | - | - | £44.07 |
| 25th Percentile | £66.25 | - | £48.29 |
| Median hourly rate | £67.50 | £39.55 | £55.95 |
| Median % change year-on-year | +70.67% | -29.31% | -22.29% |
| 75th Percentile | £68.75 | - | £62.99 |
| 90th Percentile | - | - | £66.84 |
| UK excluding London median hourly rate | - | £39.55 | £69.40 |
| % change year-on-year | - | -43.01% | - |
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 | 40,241 | 56,070 | 84,738 |
| % of contract IT jobs with a recognized job title | 92.76% | 94.64% | 95.46% |
| Number of daily rates quoted | 26,194 | 39,189 | 59,507 |
| 10th Percentile | £277 | £313 | £313 |
| 25th Percentile | £409 | £425 | £425 |
| Median daily rate (50th Percentile) | £525 | £540 | £525 |
| Median % change year-on-year | -2.78% | +2.86% | +10.53% |
| 75th Percentile | £638 | £650 | £638 |
| 90th Percentile | £750 | £750 | £738 |
| UK excluding London median daily rate | £490 | £500 | £475 |
| % change year-on-year | -2.00% | +5.26% | +11.76% |
| Number of hourly rates quoted | 2,676 | 1,567 | 2,091 |
| 10th Percentile | £12.86 | £14.28 | £12.50 |
| 25th Percentile | £16.30 | £19.16 | £15.52 |
| Median hourly rate | £36.50 | £45.00 | £23.50 |
| Median % change year-on-year | -18.89% | +91.49% | +4.44% |
| 75th Percentile | £61.26 | £65.75 | £48.76 |
| 90th Percentile | £72.50 | £76.00 | £63.25 |
| UK excluding London median hourly rate | £39.55 | £42.37 | £19.52 |
| % change year-on-year | -6.64% | +117.03% | +2.74% |
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 3 May 2024.
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 3 May 2024. 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 | -43 | 207 | £600 | +9.09% | 229 |
| London | -35 | 142 | £600 | +4.35% | 122 |
| Work from Home | +36 | 86 | £600 | +11.11% | 116 |
| UK excluding London | 0 | 86 | £575 | +8.24% | 120 |
| Scotland | +29 | 26 | £575 | +27.78% | 4 |
| North of England | +1 | 18 | £568 | +3.18% | 22 |
| South West | +19 | 15 | £450 | -30.77% | 9 |
| North West | +14 | 14 | £450 | -25.00% | 13 |
| South East | -29 | 14 | £505 | -1.46% | 32 |
| Midlands | +28 | 11 | £594 | -1.04% | 26 |
| West Midlands | +24 | 9 | £575 | -11.54% | 21 |
| Yorkshire | -1 | 4 | £600 | +9.09% | 6 |
| East Midlands | +18 | 2 | £601 | -7.50% | 5 |
| East of England | +13 | 1 | £700 | +7.69% | 15 |
| Northern Ireland | +10 | 1 | £640 | +34.74% | 3 |
Product Manager Skill Set
Top 30 Co-occurring Skills and Capabilities
For the 6 months to 3 May 2024, 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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