Product Manager
UK
The median Product Manager daily rate in the UK is £586 according to job vacancies posted during the 6 months to 9 June 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 9 Jun 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 343 | 328 | 382 |
| Rank change year-on-year | -15 | +54 | +21 |
| Contract jobs requiring a Product Manager | 268 | 433 | 607 |
| As % of all contract jobs advertised in the UK | 0.62% | 0.78% | 0.69% |
| As % of the Job Titles category | 0.67% | 0.82% | 0.73% |
| Number of daily rates quoted | 202 | 325 | 439 |
| 10th Percentile | £405 | £413 | £425 |
| 25th Percentile | £466 | £450 | £500 |
| Median daily rate (50th Percentile) | £586 | £550 | £563 |
| Median % change year-on-year | +6.59% | -2.31% | +12.60% |
| 75th Percentile | £672 | £638 | £650 |
| 90th Percentile | £788 | £675 | £713 |
| UK excluding London median daily rate | £575 | £525 | £539 |
| % change year-on-year | +9.52% | -2.55% | +21.75% |
| Number of hourly rates quoted | 2 | 4 | 1 |
| 10th Percentile | - | - | - |
| 25th Percentile | £66.25 | £39.55 | £41.25 |
| Median hourly rate | £67.50 | £46.28 | £42.50 |
| Median % change year-on-year | +45.87% | +8.88% | -40.97% |
| 75th Percentile | £68.75 | £58.06 | £43.75 |
| 90th Percentile | - | £64.48 | - |
| UK excluding London median hourly rate | - | £39.55 | - |
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 | 40,232 | 52,519 | 83,570 |
| % of contract IT jobs with a recognized job title | 92.87% | 94.52% | 95.34% |
| Number of daily rates quoted | 25,887 | 36,654 | 58,907 |
| 10th Percentile | £280 | £313 | £315 |
| 25th Percentile | £408 | £425 | £425 |
| Median daily rate (50th Percentile) | £525 | £540 | £525 |
| Median % change year-on-year | -2.78% | +2.86% | +6.60% |
| 75th Percentile | £638 | £650 | £638 |
| 90th Percentile | £750 | £750 | £738 |
| UK excluding London median daily rate | £488 | £500 | £475 |
| % change year-on-year | -2.50% | +5.26% | +8.68% |
| Number of hourly rates quoted | 2,899 | 1,488 | 1,954 |
| 10th Percentile | £12.86 | £14.25 | £12.60 |
| 25th Percentile | £16.30 | £19.39 | £15.90 |
| Median hourly rate | £37.50 | £45.00 | £25.00 |
| Median % change year-on-year | -16.67% | +80.00% | +16.28% |
| 75th Percentile | £61.88 | £65.75 | £49.75 |
| 90th Percentile | £73.75 | £76.33 | £65.00 |
| UK excluding London median hourly rate | £40.00 | £42.50 | £20.00 |
| % change year-on-year | -5.88% | +112.50% | +7.17% |
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 9 June 2024.
Product Manager
Contractor Hourly Rate Trend
3-month moving average hourly rates quoted in jobs citing Product Manager.
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 9 June 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 | -24 | 217 | £600 | +9.09% | 232 |
| London | -5 | 156 | £600 | +4.35% | 112 |
| Work from Home | +74 | 113 | £600 | +14.29% | 129 |
| UK excluding London | -9 | 84 | £575 | +9.52% | 120 |
| Scotland | +16 | 27 | £575 | +18.86% | 6 |
| North of England | +10 | 18 | £585 | +6.36% | 42 |
| North West | +18 | 15 | £500 | -9.09% | 24 |
| South West | +13 | 14 | £430 | -33.92% | 4 |
| South East | -21 | 13 | £525 | +11.70% | 29 |
| Midlands | +17 | 7 | £608 | +5.65% | 24 |
| West Midlands | +9 | 5 | £625 | -3.85% | 22 |
| East of England | 0 | 3 | £650 | - | 14 |
| Yorkshire | -5 | 3 | £638 | +15.91% | 13 |
| East Midlands | +8 | 2 | £601 | -1.84% | 2 |
| Northern Ireland | +2 | 1 | £640 | +34.74% | 1 |
| Wales | - | 1 | - | - | 2 |
Product Manager Skill Set
Top 30 Co-occurring Skills and Capabilities
For the 6 months to 9 June 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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