Average Product Executive Salary in United Kingdom for 2024

In this article, we will look at the average Product Executive salary for 2024 in United Kingdom and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the British pound. To keep things simple, we are using the GBP currency code instead of the currency symbol £.

How Much Does a Product Executive Make in United Kingdom?

A Product Executive working in United Kingdom will typically earn around 99,600 GBP per year, and this can range from the lowest average salary of about 48,600 GBP to the highest average salary of 152,900 GBP.

Average Annual Salary
99,600 GBP
Average Monthly Salary
8,300 GBP

Lowest Annual Salary
48,600 GBP
Lowest Monthly Salary
4,050 GBP

Highest Annual Salary
152,900 GBP
Highest Monthly Salary
12,741 GBP

These are average salaries for a Product Executive in United Kingdom and include benefits such as housing and transport. It's also possible for a Product Executive to earn more or less than the average salaries shown above.

Product Executive salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Product Executive Salaries in United Kingdom

So we've looked at the average salaries a Product Executive will earn in United Kingdom. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Product Executive can earn between 48,600 GBP and 152,900 GBP on average in United Kingdom. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Product Executive in United Kingdom is 99,700 GBP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 99,700 GBP, and 50% of the population earn more than 99,700 GBP.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Product Executive salary in United Kingdom, 25% of the population are earning less than 65,900 GBP while 75% of the population earn more than 65,900 GBP.

75% of the population earn less than 130,500 GBP, and 25% of the population earn more than 130,500 GBP.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Product Executive Salary by Experience Level in United Kingdom

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average product executive salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Product Executive in United Kingdom that has less than two years of experience can expect to earn somewhere in the region of 57,900 GBP.
  • 2 - 5 Years Experience. With two to five years of experience the average Product Executive salary would increase to 74,500 GBP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Product Executive, the average salary would be 100,700 GBP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 123,800 GBP.
  • 15 - 20 Years Experience. A Product Executive with 15 to 20 years of experience can earn an average of 134,100 GBP.
  • 20+ Years Experience. For a Product Executive with more than 20 years, the expected average salary increases to 142,300 GBP.

Average Salary by Experience Chart

0-2 Years
57,900 GBP
2-5 Years +29%
74,500 GBP
5-10 Years +38%
100,700 GBP
10-15 Years +24%
123,800 GBP
15-20 Years +7%
134,100 GBP
20+ Years +7%
142,300 GBP

Product Executive Salary by Education Level in United Kingdom

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Product Executive in United Kingdom based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Product Executive in United Kingdom with a high school education can earn an average salary of 71,800 GBP.

  • Certificate or Diploma. A Product Executive in United Kingdom with a certificate or diploma education can earn an average salary of 81,600 GBP.

  • Bachelor's Degree. A Product Executive in United Kingdom with a bachelor's degree education can earn an average salary of 108,200 GBP.

  • Master's Degree. A Product Executive in United Kingdom with a master's degree education can earn an average salary of 139,100 GBP.

Average Salary by Education Chart

High School
71,800 GBP
Certificate or Diploma +15%
81,600 GBP
Bachelor's Degree +35%
108,200 GBP
Master's Degree +26%
139,100 GBP

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in United Kingdom is around 29,600 to 88,700 GBP and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Product Executive Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In United Kingdom, a male product executive will earn an average of 99,700 GBP, while a female product executive will earn around 97,200 GBP.

This means that a male product executive earns approximately 3% more than a female product executive for performing the same job.

Average Salary by Gender Chart in United Kingdom

Male
99,700 GBP
Female -3%
97,200 GBP

Product Executive Average Pay Raise in United Kingdom

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Product Executive in United Kingdom is around 14% every 14 months.

The national average pay raise across all professions and industries in United Kingdom is around 9% every 15 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 14 ÷ 14 ) × 12  = 12%

What this means is that a Product Executive in United Kingdom can expect to receive an average pay raise of around 12% every 12 months.

Annual Pay Raise by Industry in United Kingdom for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in United Kingdom.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Product Executive Bonus and Incentive Rates in United Kingdom

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Product Executive is a high bonus based job, with 84% of employees reporting at least one bonus in the last 12 months.

16% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Received Bonus
84%
No Bonus
16%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in United Kingdom earn approximately 7% more than private sector employees in the same role.

Public Sector
72,700 GBP
Private Sector -7%
68,200 GBP

Salaries for Jobs Similar to a Product Executive

In the table below, we have salary information for jobs that are similar to a Product Executive in United Kingdom.

Job Title Category Salary
Account Coordinator Executive and Management 70,000 GBP
Account Director Executive and Management 83,800 GBP
Account Executive Executive and Management 85,400 GBP
Account Manager Executive and Management 79,000 GBP
Administration Manager Executive and Management 79,600 GBP
Administration Officer Executive and Management 43,800 GBP
Administration Supervisor Executive and Management 63,800 GBP
Administrative Clerk Executive and Management 31,400 GBP
Administrative Officer Executive and Management 30,200 GBP
Area Director Executive and Management 73,500 GBP
Area Manager Executive and Management 74,500 GBP
Asset Protection Associate Executive and Management 91,900 GBP
Assistant Director Executive and Management 83,700 GBP
Assistant General Manager Executive and Management 81,900 GBP
Assistant Manager Executive and Management 85,400 GBP
Assistant Managing Director Executive and Management 99,700 GBP
Assistant Operations Manager Executive and Management 94,300 GBP
Assistant Project Manager Executive and Management 86,100 GBP
Assistant Section Head Executive and Management 69,800 GBP
Assistant to CEO Executive and Management 83,700 GBP
Assistant Vice President Executive and Management 88,500 GBP
Associate Account Director Executive and Management 79,800 GBP
Associate Director Executive and Management 84,900 GBP
Bid Manager Executive and Management 94,900 GBP
Branch Manager Executive and Management 89,400 GBP
Business Development Manager Executive and Management 103,600 GBP
Business Operations Associate Executive and Management 81,900 GBP
Business Operations Lead Executive and Management 87,800 GBP
Campaign Manager Executive and Management 92,500 GBP
Catering Coordinator Executive and Management 49,100 GBP
Catering Manager Executive and Management 83,700 GBP
CEO Executive and Management 163,500 GBP
Chairman of The Board Executive and Management 164,100 GBP
Chairman Office Manager Executive and Management 97,900 GBP
Chief Commercial Officer Executive and Management 112,700 GBP
Chief Corporate Officer Executive and Management 130,400 GBP
Chief Executive Officer Executive and Management 161,300 GBP
Chief Financial Officer Executive and Management 153,800 GBP
Chief Investment Officer Executive and Management 125,400 GBP
Chief of Staff Executive and Management 72,300 GBP
Chief Operating Officer Executive and Management 123,800 GBP
Chief Risk Officer Executive and Management 97,900 GBP
Client Account Manager Executive and Management 94,200 GBP
Client Accounts Officer Executive and Management 81,700 GBP
Client Services Manager Executive and Management 109,000 GBP
Commercial Director Executive and Management 112,700 GBP
Commercial Manager Executive and Management 96,000 GBP
Commercial Project Manager Executive and Management 92,100 GBP
Commodity Broker Executive and Management 66,900 GBP
COO Executive and Management 127,700 GBP
Corporate Affairs Executive Executive and Management 97,300 GBP
Corporate Compliance Director Executive and Management 100,700 GBP
Corporate Director Executive and Management 109,700 GBP
Corporate Officer Executive and Management 74,100 GBP
Corporate Partnerships Officer Executive and Management 73,800 GBP
Country Manager Executive and Management 128,400 GBP
Department Head Executive and Management 100,400 GBP
Department Manager Executive and Management 103,600 GBP
Department Supervisor Executive and Management 82,200 GBP
Deputy Director Executive and Management 114,300 GBP
Deputy Manager Executive and Management 109,700 GBP
Director Executive and Management 119,700 GBP
Director of Accreditation Executive and Management 112,700 GBP
Director of Catering Services Executive and Management 93,300 GBP
Director of Client Services Executive and Management 99,700 GBP
Director of Facilities Management Executive and Management 89,300 GBP
Director of Operations Executive and Management 112,700 GBP
Director of Process Simplification Executive and Management 84,600 GBP
Director of Product Management Executive and Management 109,700 GBP
Director of Project Management Executive and Management 116,400 GBP
Director of Revenue Management Executive and Management 95,100 GBP
Director of Training and Development Executive and Management 97,600 GBP
Distribution Manager Executive and Management 109,700 GBP
Division Manager Executive and Management 98,000 GBP
Duty Manager Executive and Management 97,200 GBP
Engagement Manager Executive and Management 114,600 GBP
Executive Director Executive and Management 160,600 GBP
Executive Manager Executive and Management 130,400 GBP
Franchise Manager Executive and Management 130,400 GBP
General Manager Executive and Management 130,500 GBP
Global Master Data Manager Executive and Management 107,700 GBP
Global Technical Lead Executive and Management 78,200 GBP
Head of Investment Executive and Management 114,600 GBP
Head of Middle Office Executive and Management 105,800 GBP
Head of Projects Executive and Management 108,200 GBP
Head of Strategy Executive and Management 117,100 GBP
Head of Supply Chain Executive and Management 100,100 GBP
Head of Sustainability Executive and Management 94,800 GBP
Housing Manager Executive and Management 86,100 GBP
HSE Manager Executive and Management 85,800 GBP
Key Account Manager Executive and Management 86,300 GBP
Knowledge Manager Executive and Management 103,600 GBP
Location Manager Executive and Management 102,700 GBP
Logistics Executive Executive and Management 84,300 GBP
Logistics Manager Executive and Management 80,500 GBP
Management Consultant Executive and Management 84,200 GBP
Management Executive Executive and Management 114,900 GBP
Manager Executive and Management 109,000 GBP
Managing Director Executive and Management 130,500 GBP
MIS Executive Executive and Management 107,300 GBP
Ocean Services Manager Executive and Management 108,200 GBP
Operational Manager Executive and Management 115,600 GBP
Operations Analyst Executive and Management 91,700 GBP
Operations Assistant Executive and Management 82,200 GBP
Operations Director Executive and Management 115,600 GBP
Operations Executive Executive and Management 114,600 GBP
Operations Manager Executive and Management 125,400 GBP
Operations Supervisor Executive and Management 100,700 GBP
Planning Director Executive and Management 115,600 GBP
PMO Manager Executive and Management 99,600 GBP
Policy Administration Executive Executive and Management 93,100 GBP
Private Sector Executive Executive and Management 98,800 GBP
Product Development Manager Executive and Management 105,800 GBP
Production Executive Executive and Management 102,700 GBP
Production Manager Executive and Management 114,900 GBP
Production Supervisor Executive and Management 92,400 GBP
Program Director Executive and Management 109,700 GBP
Program Manager Executive and Management 114,600 GBP
Programme Coordinator Executive and Management 79,800 GBP
Project Control Manager Executive and Management 114,900 GBP
Project Coordinator Executive and Management 64,500 GBP
Project Management Officer Executive and Management 80,700 GBP
Project Manager Executive and Management 78,400 GBP
Project Portfolio Manager Executive and Management 83,800 GBP
Quality Manager Executive and Management 86,100 GBP
R/D Director Executive and Management 95,300 GBP
Regional Director Executive and Management 152,700 GBP
Regional Manager Executive and Management 112,700 GBP
Relationship Manager Executive and Management 102,700 GBP
Retail District Manager Executive and Management 79,000 GBP
Revenue Manager Executive and Management 83,800 GBP
Risk and Capital Manager Executive and Management 127,700 GBP
Risk Officer Executive and Management 78,900 GBP
Safety Manager Executive and Management 83,400 GBP
Section Head Executive and Management 84,800 GBP
Service Manager Executive and Management 84,300 GBP
Shift Supervisor Executive and Management 65,800 GBP
Solutions Manager Executive and Management 75,400 GBP
Supervisor Executive and Management 67,600 GBP
Supply Chain Manager Executive and Management 111,700 GBP
Surveyor Executive and Management 78,500 GBP
Technical Director Executive and Management 105,200 GBP
Technical Manager Executive and Management 99,700 GBP
Territory Manager Executive and Management 103,600 GBP
Validation Manager Executive and Management 88,400 GBP
Vice President Executive and Management 132,000 GBP
Zone Manager Executive and Management 117,100 GBP

Salary Comparison by City

If you want to compare salaries with different cities in United Kingdom, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Aberdeen 98,000 GBP
Abingdon 81,400 GBP
Armagh 97,900 GBP
Bangor 83,300 GBP
Belfast 102,700 GBP
Birmingham 109,700 GBP
Bradford 100,700 GBP
Brighton 105,800 GBP
Bristol 109,700 GBP
Cambridge 91,900 GBP
Canterbury 84,600 GBP
Cardiff 100,700 GBP
Chester 92,900 GBP
Coventry 102,700 GBP
Derby 99,100 GBP
Derry 88,300 GBP
Dundee 92,100 GBP
Durham 92,300 GBP
Edinburgh 108,200 GBP
Exeter 94,900 GBP
Glasgow 108,200 GBP
Gloucester 92,300 GBP
Hartlepool 87,700 GBP
Inverness 85,400 GBP
Kingston upon Hull 105,800 GBP
Kirkwall 79,000 GBP
Leeds 109,000 GBP
Leicester 100,700 GBP
Lincoln 96,800 GBP
Lisburn 84,800 GBP
Liverpool 109,000 GBP
London 107,700 GBP
Manchester 100,700 GBP
Newcastle 105,200 GBP
Newport 97,300 GBP
Newry 95,100 GBP
Norwich 93,100 GBP
Nottingham 100,300 GBP
Oxford 98,900 GBP
Peterborough 99,400 GBP
Plymouth 97,100 GBP
Poole 90,000 GBP
Portsmouth 101,100 GBP
Ripon 83,000 GBP
Salisbury 83,300 GBP
Sheffield 108,200 GBP
Somerset 109,700 GBP
Southampton 99,900 GBP
St Davids 83,300 GBP
Stirling 93,800 GBP
Stromness 81,700 GBP
Strontian 78,700 GBP
Swansea 96,500 GBP
Truro 84,900 GBP
Wakefield 85,100 GBP
Wells 83,700 GBP
Winchester 84,300 GBP
Wolverhampton 94,000 GBP
York 101,100 GBP

Salary Comparison by State

The table below includes links to the average salary for each state in United Kingdom.

City Average Salary
England 182,400 GBP
Northern Ireland 80,500 GBP
Scotland 128,400 GBP
Wales 91,700 GBP

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