Product Ownership Contracts

Product Ownership
UK

The table below looks at the prevalence of the term Product Ownership in contract job vacancies. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Product Ownership over the 6 months to 15 May 2024 with a comparison to the same period over the previous 2 years.

6 months to
15 May 2024
Same period 2023 Same period 2022
Rank 87 71 59
Rank change year-on-year -16 -12 +15
Contract jobs citing Product Ownership 1,061 1,842 3,511
As % of all contract jobs advertised in the UK 2.49% 3.23% 4.01%
As % of the Miscellaneous category 8.23% 9.70% 12.12%
Number of daily rates quoted 729 1,304 2,381
10th Percentile £400 £413 £413
25th Percentile £463 £488 £470
Median daily rate (50th Percentile) £550 £563 £550
Median % change year-on-year -2.22% +2.27% +10.00%
75th Percentile £650 £650 £644
90th Percentile £738 £738 £718
UK excluding London median daily rate £550 £550 £515
% change year-on-year - +6.80% +14.44%
Number of hourly rates quoted 11 23 36
10th Percentile £51.25 £36.56 £25.00
25th Percentile £57.33 £57.08 £41.50
Median hourly rate £57.44 £70.00 £53.63
Median % change year-on-year -17.94% +30.54% -4.67%
75th Percentile £85.00 £85.83 £67.16
90th Percentile - £89.33 £85.00
UK excluding London median hourly rate £68.72 £85.00 £57.25
% change year-on-year -19.15% +48.47% +42.24%

All Generic Skills
UK

Product Ownership is in the General and Transferable Skills category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for generic IT skills.

Contract vacancies with a requirement for generic IT skills 12,885 18,988 28,967
As % of all contract IT jobs advertised in the UK 30.28% 33.25% 33.12%
Number of daily rates quoted 8,301 13,052 20,257
10th Percentile £269 £313 £313
25th Percentile £413 £450 £438
Median daily rate (50th Percentile) £545 £550 £550
Median % change year-on-year -0.91% - +10.00%
75th Percentile £674 £676 £660
90th Percentile £800 £800 £763
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +9.83%
Number of hourly rates quoted 890 627 724
10th Percentile £12.25 £9.80 £14.25
25th Percentile £15.14 £10.63 £17.23
Median hourly rate £31.25 £22.49 £27.50
Median % change year-on-year +38.98% -18.24% +4.05%
75th Percentile £61.30 £63.75 £50.00
90th Percentile £70.00 £75.00 £66.00
UK excluding London median hourly rate £28.50 £22.00 £21.04
% change year-on-year +29.55% +4.56% -12.33%

Product Ownership
Job Vacancy Trend

Job postings citing Product Ownership as a proportion of all IT jobs advertised.

Job vacancy trend for Product Ownership in the UK

Product Ownership
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Product Ownership.

Daily rate trend for Product Ownership in the UK

Product Ownership
Daily Rate Histogram

Daily rate distribution for jobs citing Product Ownership over the 6 months to 15 May 2024.

Daily rate histogram for Product Ownership in the UK

Product Ownership
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Product Ownership.

Hourly rate trend for Product Ownership in the UK

Product Ownership
Hourly Rate Histogram

Hourly rate distribution of jobs citing Product Ownership over the 6 months to 15 May 2024.

Hourly rate histogram for Product Ownership in the UK

Product Ownership
Top 17 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Product Ownership within the UK over the 6 months to 15 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 -25 884 £555 -1.77% 482
London -1 553 £574 -4.38% 185
UK excluding London -32 404 £550 - 325
Work from Home -20 352 £550 -2.22% 272
South East -38 121 £625 +13.64% 76
North of England -20 85 £533 -3.18% 82
Scotland +28 79 £475 -5.00% 24
North West -2 54 £550 -4.35% 41
South West -40 45 £550 -1.35% 50
Midlands +3 42 £550 +20.22% 64
West Midlands 0 34 £563 +4.65% 53
Yorkshire -21 25 £488 -9.72% 30
Wales +34 20 £509 +1.70% 14
East of England -21 16 £428 -18.57% 18
North East +20 10 £454 - 12
East Midlands 0 6 £424 -5.83% 11
Isle of Man - 2 - -

Product Ownership
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:

Application Platforms
1 52 (4.90%) Confluence
2 16 (1.51%) CMS
3 7 (0.66%) Adobe Experience Manager
4 5 (0.47%) SharePoint
5 4 (0.38%) Oracle Workflow
6 3 (0.28%) Microsoft Exchange
7 2 (0.19%) Apache Airflow
7 2 (0.19%) Apache Solr
7 2 (0.19%) nginx
7 2 (0.19%) OpenStack
7 2 (0.19%) WordPress
8 1 (0.094%) Apache
8 1 (0.094%) Appian
8 1 (0.094%) ArcGIS
8 1 (0.094%) Camunda
8 1 (0.094%) CICS
8 1 (0.094%) Cloud Foundry
8 1 (0.094%) Drupal
8 1 (0.094%) Tornado
Applications
1 36 (3.39%) Microsoft Excel
2 25 (2.36%) Microsoft PowerPoint
3 23 (2.17%) Microsoft Office
4 15 (1.41%) Sketch
5 12 (1.13%) MS Visio
6 10 (0.94%) Trello
7 5 (0.47%) Adobe XD
7 5 (0.47%) Chatbot
7 5 (0.47%) InVision
8 4 (0.38%) Microsoft Project
9 2 (0.19%) Adobe Creative Suite
9 2 (0.19%) Adobe Illustrator
9 2 (0.19%) Photoshop
9 2 (0.19%) Spreadsheet
Business Applications
1 18 (1.70%) Dynamics CRM
2 12 (1.13%) Aladdin
3 11 (1.04%) Salesforce CRM
4 7 (0.66%) SAP S/4HANA
5 6 (0.57%) Loan IQ
6 4 (0.38%) SAP HR
6 4 (0.38%) SAP QM
6 4 (0.38%) Sparx Enterprise Architect
7 3 (0.28%) Endur
7 3 (0.28%) Shopify
8 2 (0.19%) Magento
8 2 (0.19%) Remedy ITSM
8 2 (0.19%) Softmar
8 2 (0.19%) VisionPLUS
9 1 (0.094%) Distributed Ledger
9 1 (0.094%) SAP APO
9 1 (0.094%) SAP CO
9 1 (0.094%) SAP FI
9 1 (0.094%) SAP IBP
9 1 (0.094%) SAP Travel Management
Cloud Services
1 255 (24.03%) Azure
2 118 (11.12%) Azure DevOps
3 93 (8.77%) AWS
4 52 (4.90%) Entra ID
4 52 (4.90%) Power Platform
5 45 (4.24%) Serverless
6 43 (4.05%) GitHub
7 33 (3.11%) Azure Cosmos DB
7 33 (3.11%) Azure Service Bus
8 29 (2.73%) Azure Monitor
8 29 (2.73%) SaaS
9 28 (2.64%) Azure Data Factory
9 28 (2.64%) Figma
10 27 (2.54%) Dynamics 365
11 26 (2.45%) Azure Functions
12 23 (2.17%) GCP
13 20 (1.89%) PaaS
14 14 (1.32%) Azure AKS
15 13 (1.23%) Microsoft Purview
16 12 (1.13%) GitHub Actions
Communications & Networking
1 25 (2.36%) Firewall
2 15 (1.41%) VPN
3 7 (0.66%) Broadband
4 5 (0.47%) LAN
4 5 (0.47%) WAN
5 4 (0.38%) DMZ
5 4 (0.38%) DNS
5 4 (0.38%) Wireless
6 3 (0.28%) FTP
7 2 (0.19%) AMQP
7 2 (0.19%) DHCP
7 2 (0.19%) HTTP
7 2 (0.19%) Network Security
7 2 (0.19%) Unified Communications
7 2 (0.19%) Wi-Fi
8 1 (0.094%) 3G
8 1 (0.094%) 4G
8 1 (0.094%) 5G
8 1 (0.094%) Intranet
8 1 (0.094%) Software-Defined Networking
Database & Business Intelligence
1 71 (6.69%) SQL Server
2 49 (4.62%) Power BI
3 40 (3.77%) NoSQL
4 26 (2.45%) Data Warehouse
5 23 (2.17%) Relational Database
6 15 (1.41%) Data Lake
6 15 (1.41%) MongoDB
6 15 (1.41%) PostgreSQL
7 13 (1.23%) Azure SQL Database
8 12 (1.13%) MySQL
9 11 (1.04%) Metadata
9 11 (1.04%) Redis
9 11 (1.04%) Snowflake Schema
10 7 (0.66%) Big Data
11 6 (0.57%) DynamoDB
11 6 (0.57%) RDBMS
12 5 (0.47%) Oracle Database
12 5 (0.47%) SAP HANA
13 4 (0.38%) Amazon RDS
13 4 (0.38%) Siebel EIM
Development Applications
1 102 (9.61%) JIRA
2 48 (4.52%) Git
3 33 (3.11%) Jenkins
4 28 (2.64%) Postman
5 27 (2.54%) Selenium
6 19 (1.79%) Cypress.io
7 18 (1.70%) GitLab
8 14 (1.32%) TeamCity
9 13 (1.23%) Bitbucket
10 12 (1.13%) SpecFlow
11 11 (1.04%) JMeter
12 9 (0.85%) Artifactory
12 9 (0.85%) JUnit
12 9 (0.85%) WebDriver
13 8 (0.75%) Visual Studio
14 6 (0.57%) Axure RP
14 6 (0.57%) CircleCI
14 6 (0.57%) Storybook
14 6 (0.57%) Visual Studio Code
15 5 (0.47%) PyCharm
General
1 322 (30.35%) Social Skills
2 248 (23.37%) Finance
3 135 (12.72%) Analytical Skills
4 119 (11.22%) Public Sector
5 94 (8.86%) Banking
6 54 (5.09%) Marketing
7 49 (4.62%) Back Office
8 41 (3.86%) Investment Banking
9 39 (3.68%) Front Office
10 38 (3.58%) Presentation Skills
11 34 (3.20%) Influencing Skills
11 34 (3.20%) Retail
12 31 (2.92%) Telecoms
13 27 (2.54%) Manufacturing
14 26 (2.45%) Pharmaceutical
15 20 (1.89%) Inclusion and Diversity
16 19 (1.79%) Retail Banking
17 16 (1.51%) Billing
18 14 (1.32%) Legal
19 12 (1.13%) Corporate Banking
Job Titles
1 237 (22.34%) Product Owner
2 183 (17.25%) Analyst
3 159 (14.99%) Developer
4 155 (14.61%) Senior
5 141 (13.29%) Business Analyst
6 121 (11.40%) Architect
7 80 (7.54%) Lead
8 62 (5.84%) Product Manager
9 47 (4.43%) Scrum Master
10 45 (4.24%) Senior Developer
11 39 (3.68%) Designer
11 39 (3.68%) Solutions Architect
12 37 (3.49%) Azure Developer
13 33 (3.11%) Product Analyst
13 33 (3.11%) Senior Product Owner
14 32 (3.02%) Finance Business Analyst
14 32 (3.02%) Financial Analyst
14 32 (3.02%) Product Business Analyst
15 31 (2.92%) Full Stack Developer
16 30 (2.83%) Senior Analyst
Libraries, Frameworks & Software Standards
1 92 (8.67%) React
2 88 (8.29%) .NET
3 65 (6.13%) XML
4 49 (4.62%) HTML
5 47 (4.43%) CSS
6 34 (3.20%) Node.js
6 34 (3.20%) REST
7 32 (3.02%) .NET Core
8 27 (2.54%) JSON
9 26 (2.45%) .NET Framework
10 24 (2.26%) AngularJS
11 20 (1.89%) ASP.NET
12 17 (1.60%) RESTful
13 16 (1.51%) Vue
14 14 (1.32%) ADO
14 14 (1.32%) jQuery
14 14 (1.32%) Laravel
14 14 (1.32%) Lightning Web Components
15 13 (1.23%) Web Services
16 10 (0.94%) Kafka
Miscellaneous
1 40 (3.77%) Derivative
2 39 (3.68%) Fixed Income
3 37 (3.49%) Foreign Exchange (FX)
4 32 (3.02%) Hedge funds
4 32 (3.02%) Mobile App
5 30 (2.83%) Equities
6 18 (1.70%) Data Structures
6 18 (1.70%) Management Information System
7 17 (1.60%) Onboarding
7 17 (1.60%) Reference Data
8 16 (1.51%) Data Protection Act
9 15 (1.41%) Public Cloud
9 15 (1.41%) Self-Motivation
10 14 (1.32%) Enterprise Software
11 13 (1.23%) Legacy Applications
12 12 (1.13%) Cloud Native
12 12 (1.13%) Virtual Team
13 11 (1.04%) Greenfield Project
14 9 (0.85%) Reinsurance
15 8 (0.75%) Wiki
Operating Systems
1 44 (4.15%) Android
2 41 (3.86%) Apple iOS
3 38 (3.58%) Linux
4 32 (3.02%) Windows
5 24 (2.26%) Unix
6 15 (1.41%) Windows Server
7 2 (0.19%) Mac OS X
8 1 (0.094%) Windows 10
Processes & Methodologies
1 682 (64.28%) Agile
2 283 (26.67%) Scrum
3 243 (22.90%) DevOps
4 224 (21.11%) Roadmaps
5 188 (17.72%) Problem-Solving
5 188 (17.72%) User Stories
6 161 (15.17%) CI/CD
7 130 (12.25%) Product Backlog
8 120 (11.31%) User Experience
9 117 (11.03%) Continuous Improvement
10 108 (10.18%) Analytics
10 108 (10.18%) Test Automation
11 107 (10.08%) Stakeholder Management
12 91 (8.58%) Acceptance Criteria
13 90 (8.48%) Project Management
14 87 (8.20%) Microservices
15 86 (8.11%) Product Management
16 83 (7.82%) Product Roadmap
17 77 (7.26%) Change Management
18 74 (6.97%) Project Delivery
Programming Languages
1 130 (12.25%) SQL
2 117 (11.03%) Python
3 85 (8.01%) C#
4 75 (7.07%) Java
5 74 (6.97%) JavaScript
6 53 (5.00%) PowerShell
6 53 (5.00%) TypeScript
7 38 (3.58%) Bicep
8 13 (1.23%) Apex Code
9 11 (1.04%) Kotlin
9 11 (1.04%) PHP
10 10 (0.94%) C
11 8 (0.75%) Go
11 8 (0.75%) Groovy
12 6 (0.57%) C++
12 6 (0.57%) Shell Script
12 6 (0.57%) SOQL
13 3 (0.28%) T-SQL
14 2 (0.19%) ABAP
14 2 (0.19%) PL/SQL
Qualifications
1 104 (9.80%) Security Cleared
2 81 (7.63%) Degree
3 67 (6.31%) SC Cleared
4 32 (3.02%) DV Cleared
5 10 (0.94%) Computer Science Degree
6 9 (0.85%) CSPO
7 8 (0.75%) Master's Degree
8 6 (0.57%) BPSS Clearance
9 4 (0.38%) APMP
9 4 (0.38%) Azure Certification
9 4 (0.38%) CBAP
9 4 (0.38%) CISM
9 4 (0.38%) CISSP
9 4 (0.38%) MBA
9 4 (0.38%) Numerate Degree
9 4 (0.38%) PMP
9 4 (0.38%) TOGAF Certification
10 3 (0.28%) AWS Certification
11 2 (0.19%) CISA
11 2 (0.19%) PMI Certification
Quality Assurance & Compliance
1 113 (10.65%) QA
2 32 (3.02%) Accessibility
3 25 (2.36%) Data Quality
4 19 (1.79%) PCI DSS
5 17 (1.60%) PMO
6 16 (1.51%) GDPR
7 14 (1.32%) WCAG
8 11 (1.04%) NIST
9 9 (0.85%) Cyber Essentials
9 9 (0.85%) Disclosure Scotland
10 8 (0.75%) ISO/IEC 27001
11 5 (0.47%) Good Clinical Practice
11 5 (0.47%) GxP
12 4 (0.38%) ISO 20022
12 4 (0.38%) Software Quality Assurance
13 3 (0.28%) NCSC
14 2 (0.19%) NIST 800
14 2 (0.19%) SLA
15 1 (0.094%) ISO 9001
15 1 (0.094%) Sarbanes-Oxley
System Software
1 69 (6.50%) Active Directory
2 31 (2.92%) Docker
3 2 (0.19%) VMware Infrastructure
3 2 (0.19%) VMware NSX
Systems Management
1 35 (3.30%) Kubernetes
2 27 (2.54%) Terraform
3 25 (2.36%) Ansible
4 11 (1.04%) Single Sign-On
5 7 (0.66%) Puppet
6 2 (0.19%) Grafana
6 2 (0.19%) HP ALM
6 2 (0.19%) OPNET
6 2 (0.19%) PowerCLI
6 2 (0.19%) Prometheus
6 2 (0.19%) Rundeck
7 1 (0.094%) Active Directory Federation Services
7 1 (0.094%) AppManager
7 1 (0.094%) HP Quality Center
7 1 (0.094%) Matomo
7 1 (0.094%) Microsoft Intune
7 1 (0.094%) Rancher
Vendors
1 154 (14.51%) Microsoft
2 55 (5.18%) Salesforce
3 43 (4.05%) SAP
4 25 (2.36%) Google
5 24 (2.26%) Adobe
6 19 (1.79%) Oracle
7 17 (1.60%) Atlassian
8 15 (1.41%) Bloomberg
9 13 (1.23%) Salesforce Marketing Cloud
9 13 (1.23%) ServiceNow
10 12 (1.13%) BISAM
11 10 (0.94%) Splunk
12 7 (0.66%) Apple
12 7 (0.66%) Centrify
12 7 (0.66%) CyberArk
13 6 (0.57%) CA Agile Central
13 6 (0.57%) MuleSoft
14 5 (0.47%) Ariba
14 5 (0.47%) Databricks
15 4 (0.38%) Workday