Product Manager
UK
The median Product Manager daily rate in the UK is £585 according to job vacancies posted during the 6 months to 1 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 1 Jun 2024 |
Same period 2023 | Same period 2022 | |
|---|---|---|---|
| Rank | 332 | 309 | 380 |
| Rank change year-on-year | -23 | +71 | +32 |
| Contract jobs requiring a Product Manager | 258 | 458 | 600 |
| As % of all contract jobs advertised in the UK | 0.60% | 0.82% | 0.68% |
| As % of the Job Titles category | 0.65% | 0.86% | 0.72% |
| Number of daily rates quoted | 195 | 345 | 431 |
| 10th Percentile | £407 | £413 | £425 |
| 25th Percentile | £463 | £450 | £500 |
| Median daily rate (50th Percentile) | £585 | £550 | £563 |
| Median % change year-on-year | +6.36% | -2.22% | +12.50% |
| 75th Percentile | £675 | £638 | £644 |
| 90th Percentile | £788 | £670 | £713 |
| UK excluding London median daily rate | £575 | £525 | £538 |
| % change year-on-year | +9.52% | -2.33% | +16.22% |
| 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 | 39,969 | 53,015 | 83,520 |
| % of contract IT jobs with a recognized job title | 92.83% | 94.58% | 95.35% |
| Number of daily rates quoted | 25,870 | 37,031 | 58,844 |
| 10th Percentile | £280 | £313 | £315 |
| 25th Percentile | £409 | £425 | £425 |
| Median daily rate (50th Percentile) | £525 | £540 | £525 |
| Median % change year-on-year | -2.78% | +2.86% | +7.69% |
| 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% | +10.21% |
| Number of hourly rates quoted | 2,841 | 1,476 | 1,963 |
| 10th Percentile | £12.86 | £14.25 | £12.50 |
| 25th Percentile | £16.30 | £19.06 | £15.90 |
| Median hourly rate | £37.50 | £45.00 | £24.50 |
| Median % change year-on-year | -16.67% | +83.67% | +12.28% |
| 75th Percentile | £61.60 | £65.75 | £49.33 |
| 90th Percentile | £73.75 | £76.13 | £65.00 |
| UK excluding London median hourly rate | £40.00 | £42.50 | £20.00 |
| % change year-on-year | -5.88% | +112.50% | +5.26% |
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 1 June 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 1 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 | -56 | 207 | £600 | +9.09% | 258 |
| London | -8 | 148 | £608 | +5.65% | 125 |
| Work from Home | +59 | 106 | £600 | +14.29% | 129 |
| UK excluding London | -18 | 81 | £575 | +9.52% | 134 |
| Scotland | +13 | 27 | £575 | +27.78% | 7 |
| North of England | +3 | 18 | £585 | +6.36% | 31 |
| North West | +26 | 15 | £475 | -13.64% | 23 |
| South West | +8 | 14 | £430 | -33.92% | 5 |
| South East | -26 | 13 | £525 | +8.25% | 48 |
| Midlands | +18 | 7 | £608 | +5.65% | 23 |
| West Midlands | +10 | 5 | £625 | -3.85% | 21 |
| Yorkshire | -4 | 3 | £638 | +15.91% | 6 |
| East Midlands | +8 | 2 | £601 | -1.84% | 2 |
| Northern Ireland | +2 | 1 | £640 | +34.74% | 3 |
| East of England | +1 | 1 | £700 | +7.69% | 13 |
Product Manager Skill Set
Top 30 Co-occurring Skills and Capabilities
For the 6 months to 1 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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