London product managers earn significantly more than the UK average for the role. Based on 2024 compensation data, mid-level PMs in London have a median salary of £80,000, while senior PMs reach a median of £105,000. Here is a full breakdown by seniority and data source.
Mid-Level Product Manager Salary in London
Across general UK labour market data (ASHE-2024, ONS), mid-level product managers in London earn between £63,000 and £103,000, with a median of £80,000. Tech-focused survey data from Levels.fyi puts the same seniority band higher, with a range of £70,000 to £120,000 and a median of £90,000. The gap between sources reflects the concentration of high-paying tech employers in London's market. For comparison, the UK-wide mid-level median sits at £59,500, meaning London commands a notable premium over the national figure.
Senior Product Manager Salary in London
Senior product managers in London earn considerably more. ONS ASHE-2024 data shows a range of £85,000 to £135,000 with a median of £105,000. Levels.fyi data, which skews toward technology companies, reports a wider range of £110,000 to £175,000 and a median of £135,000. The spread between the two sources is substantial at the senior level, reflecting how much compensation can vary depending on whether a PM works in a traditional industry versus a high-growth technology firm.
London vs UK National Salary Comparison
The London premium for product managers is clear when set against national benchmarks. At the mid level, the UK-wide median is £59,500 compared to £80,000 in London, a difference of £20,500. The national mid-level range runs from £47,000 to £75,000, which falls entirely below the London equivalent range of £63,000 to £103,000. Data not available for a city-by-city comparison outside London.
Understanding the Data Sources
This page draws on two distinct sources. ONS ASHE-2024 is derived from the UK Annual Survey of Hours and Earnings and reflects broad labour market conditions across all industries. Levels.fyi is a self-reported dataset with a strong bias toward technology and product-led companies. Both carry a confidence rating of 0.54 and 0.45 respectively, indicating moderate data density. Where the two sources diverge, the ONS figure is likely more representative of the overall market, while Levels.fyi better reflects compensation at tech-first employers.
Factors That Influence Your Salary as a London PM
Several variables affect where an individual PM falls within these ranges. Industry sector is a primary driver, fintech, SaaS, and consumer tech firms typically pay toward the upper end of the Levels.fyi range, while PMs in retail, media, or public sector roles often align closer to ONS figures. Company stage, scope of product ownership, and whether total compensation includes equity or bonus components also shift the effective figure. Data not available for bonus and equity breakdowns by sector.
How to Use This Data to Benchmark Your Pay
To assess whether your current salary is competitive, identify your seniority level and the type of employer you work for, then compare against the relevant source. If you are at a technology company, the Levels.fyi median is a more relevant reference point. If you are in a non-tech industry, the ONS ASHE-2024 figures provide a more accurate benchmark. A salary below the minimum of the applicable range warrants a structured conversation with your employer backed by this market data.
Use SalaryVerdict's benchmarking tool to compare your exact role, seniority, and location against the latest 2024 compensation data.