Product Manager Career Path
Product manager careers can take many different paths. There are a variety of industries and sectors that require product managers, including software, manufacturing, retail, tech, and more. Its also common to start out in one industry and move throughout your career, as interests and industries change.
Product managers often have several different titles over their career as they gain seniority and move between industries. All of these factors, and more, affect salary and career path.
How Much Tax Will You Have To Pay As A Senior Product Manager
For an individual filer in this tax bracket, you would have an estimated average federal tax in 2018 of 24%. After a federal tax rate of 24% has been taken out, Senior Product Managers could expect to have a take-home pay of $121,397/year, with each paycheck equaling approximately $5,058*.
* assuming bi-monthly pay period. Taxes estimated using tax rates for a single filer using 2018 federal and state tax tables. Metro-specific taxes are not considered in calculations. This data is intended to be an estimate, not prescriptive financial or tax advice.
How Much Does A Senior Product Manager Make
As of Nov 30, 2022, the average annual pay for a Senior Product Manager in the United States is $131,994 a year.
Just in case you need a simple salary calculator, that works out to be approximately $63.46 an hour. This is the equivalent of $2,538/week or $10,999/month.
While ZipRecruiter is seeing annual salaries as high as $191,500 and as low as $65,000, the majority of Senior Product Manager salaries currently range between $110,000 to $150,000 with top earners making $174,500 annually across the United States. The average pay range for a Senior Product Manager varies greatly , which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.
Based on recent job posting activity on ZipRecruiter, the Senior Product Manager job market in both Usinsk, RU and throughout the entire state of is not very active as few companies are currently hiring. A Senior Product Manager in your area makes on average $131,820 per year, or $174 less than the national average annual salary of $131,994. ranks number 1 out of 50 states nationwide for Senior Product Manager salaries.
To estimate the most accurate annual salary range for Senior Product Manager jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.
Find your next high paying job as a on ZipRecruiter today.
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What Are Top 5 Best Paying Related Senior Product Manager Jobs In The Us
We found at least five jobs related to the Senior Product Manager job category that pay more per year than a typical Senior Product Manager salary. Top examples of these roles include: Director of Product Design, Staff Product Engineer, and VP Product Design.
Importantly, all of these jobs are paid between $30,313 and $46,756 more than the average Senior Product Manager salary of $131,994. If youre qualified, getting hired for one of these related Senior Product Manager jobs may help you make more money than that of the average Senior Product Manager position.
Job Description For Product Design Senior Manager
Product Design Senior Manager manages and coordinates design, development, and enhancement of new and existing products/product lines. Evaluates and ensures design feasibility and design optimization. Being a Product Design Senior Manager assists in the determination of project milestones and timelines. Ensures team meets project milestones and completes projects within the established timeline. Additionally, Product Design Senior Manager evaluates issues, provides resolution, and communicates to management. Requires a bachelor’s degree. Typically reports to top management. The Product Design Senior Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Product Design Senior Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. … View full job description
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How Can Senior Manager Product Managements Increase Their Salary
Increasing your pay as a Senior Manager, Product Management is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Senior Manager, Product Management that oversees more junior Senior Manager, Product Managements, this experience can increase the likelihood to earn more.
Results From Our Survey
Weve been running a survey on The Product Manager since March 2020 asking readers about their salaries, years of experience, location, how satisfied they are with their salary, and more. We received 137 responses from product managers in 17 different countries.
Heres the average salary breakdown by job title:
Average salary by job title in USD
- Product Manager : US$79,601
- Product Management Director: US$151,484
- VP, Product Management: US$175,000
Other than the senior product manager salary, these salaries are higher than the averages in the previous section.
Its worth noting that only one respondent had the title of VP, Product Management. There were 4 other job titles mentioned once each, which are not included in the averages above.
Here are the responses by location:
Average salary by country in USD.
- United States: US$120,509
- India: US$112,521
- Australia: US$93,659
There were also a few respondents from the following countries, which had at least two respondents. The average salaries are included here.
Average salary by location in USD for some additional countries represented in our survey results.
- Brazil: US$39,870
- Spain: US$50,275
- Sweden: US$64,674
We also received one response each from respondents in Austria, The Czech Republic, Israel, Malaysia, The Netherlands, and Switzerland.
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What Is The Average Base Salary For A Senior Product Manager
According to Glassdoor, the national average salary for a senior product manager in the United States is $123,895.The average hourly wage is approximately $59.60. The total of senior product manager jobs in the United States is estimated to be around 80,000.According to the salary info of senior product managers, the job pays the most in Santa Clara, California, where the annual mean wage is $170,272. The hourly wage is $81.90. After Santa Clara, the top-paying cities are San Francisco, San Jose, Seattle, New York, and Boston.Each city and state may have vastly different salaries based on several factors. For example, California is home to giants like Amazon and Google. As a result, the average senior product manager salary is very high.
Senior Product Manager Salary In California
How much does a Senior Product Manager make in California? The average Senior Product Manager salary in California is $158,696 as of November 23, 2022, but the range typically falls between $144,898 and $173,427. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
- Adjust Senior Product Manager Salary:
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What Does A Product Lifecycle Senior Manager Do At Companies Like Schlumberger Limited/nv
The Product Lifecycle Senior Manager incorporates research and concept development projects and capabilities with market analysis, industry intelligence, and customer monitoring to support product roadmaps and innovate new products, enhancements, and redesigns. Manages the staff, resources, and processes required to implement the vision and strategy for new product development and product lifecycle management of existing products. Being a Product Lifecycle Senior Manager develops teams with the knowledge and expertise to fulfill product development objectives. Coordinates with internal stakeholders, including marketing, sales, and manufacturing, to ensure that new and existing products meet development targets and support the organization’s financial goals. In addition, Product Lifecycle Senior Manager typically requires a bachelor’s degree. Typically reports to a director. The Product Lifecycle Senior Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Working as a Product Lifecycle Senior Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
What Are Top 10 Highest Paying Cities For Senior Product Manager Jobs
Weve identified 10 cities where the typical salary for a Senior Product Manager job is above the national average. Topping the list is Atkinson, NE, with Green River, WY and Mountain View, CA close behind in the second and third positions. Mountain View, CA beats the national average by $20,313 , and Atkinson, NE furthers that trend with another $30,760 above the $131,994 average.
With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as a Senior Product Manager appears to be exceedingly fruitful.
Finally, another factor to consider is the average salary for these top ten cities varies very little at 10% between Atkinson, NE and Brownsboro, TX, reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Senior Product Manager role.
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Senior Product Line Manager Pay Faq
The national average salary for a Senior Product Line Manager is $137,417 per year in United States. Filter by location to see a Senior Product Line Manager salaries in your area. Salaries estimates are based on 215 salaries submitted anonymously to Glassdoor by a Senior Product Line Manager employees.
The highest salary for a Senior Product Line Manager in United States is $208,499 per year.
The lowest salary for a Senior Product Line Manager in United States is $90,569 per year.
Senior Manager Product Management Pay Faq
The national average salary for a Senior Manager, Product Management is $136,061 per year in United States. Filter by location to see a Senior Manager, Product Management salaries in your area. Salaries estimates are based on 505 salaries submitted anonymously to Glassdoor by a Senior Manager, Product Management employees.
The highest salary for a Senior Manager, Product Management in United States is $211,238 per year.
The lowest salary for a Senior Manager, Product Management in United States is $87,638 per year.
Average Senior Product Manager Salary Range With Respect To Years Of Experience
The following list breaks down the changes in the average salary and salary ranges with respect to the years of experience a senior product manager has in their field.
- 0-1 Years of Experience: The typical starting base salary for newcomers is $95,512, and the salary range is $60,000 to $129,000.
- 1-3 Years of Experience: While the average salary of $93,485 is lower than the previous one, the typical salary range increases, going from $61,000 to $139,000.
- 4-6 Years of Experience: With a significant bump, the average salary is $110,513. The salary range is $74,000 and $160,000.
- 7-9 Years of Experience: With another major bump, the average is at $124,838, and the salary range is $83,000 and $171,000.
- 10-14 Years of Experience: This level of experience gets you an average salary of $132,313, and the salary range is usually between $90,000 to $184,000.
- 15+ Years of Experience: Senior product managers with more than 15 years of experience get an average salary of $140,191, and the typical salary range is $96,000 and $194,000.
Most senior product managers have at least 7-9 years of experience in product management.
Average Product Manager Salary
Okay, here are the numbers. The average product manager yearly salary is US$111,868, according to Glassdoor, as the American national average.
The average product manager salary in the USA.
But this doesnt tell the full story. When we break down the average product manager salary ranges by job title, there is significant variation. Averages depend on the factors above as well as others such as company size, revenue, and more.
Director of product management salary or product director salary
Overall, more senior positions have a higher salary in both the United States and Canada.
Most positions have a large discrepancy between Canadian and American salaries, especially when taking into account the currency exchange rate between USD and CAD. The American salaries are an average of 35.2% higher than the Canadian salaries.
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Senior Product Manager Pay Faq
The national average salary for a Senior Product Manager is $134,474 per year in United States. Filter by location to see a Senior Product Manager salaries in your area. Salaries estimates are based on 17752 salaries submitted anonymously to Glassdoor by a Senior Product Manager employees.
The highest salary for a Senior Product Manager in United States is $199,109 per year.
The lowest salary for a Senior Product Manager in United States is $90,821 per year.
What Are The Salary Ranges For Senior Product Manager Salaries
A lot goes into deciding a senior product managers salary, such as their product management, product marketing, and even their project management experience.As a result, salaries for senior product managers range from $82,000 to $165,000.Many of the salaries are below the national average, but some of the higher-end salaries increase the average. The salaries are often for senior product managers who are experts in things like user experience, market research, software development, agile methodologies, and software, such as Salesforce.Other than the salary, the additional cash compensation is $13,522, on average, and the typical range is $4,264 to $35,349.
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What Is A Product Manager
Product managers are responsible for the conception, creation, and launch of new products. Their duties might include providing product strategy, managing a development roadmap, specifying technical and functional requirements, launching the product, creating the , and initiating ongoing updates such as new features.
There is a lot of variety in a product managers daily routine, but the one common thread is a focus on creating and launching products. They typically work with engineering teams, marketing professionals, and project managers.
What Does A Senior Product Manager Do
Senior product managers oversee all the products in any given product line and all the product-related processes. Theyre actively involved in product development, product strategy, product vision, product roadmap, and the entire product lifecycle.Most product manager jobs today tend to be tech-oriented due to the abundance of the SaaS business model. This trend has prompted senior product managers to work in tandem with engineering managers, software engineers, and development specialists.As a result, senior product managers manage the product team, the engineering team, and even the marketing team in some cases.Senior product managers also make sure that the best practices are followed and resources are available to help achieve goals and objectives. They need a thorough understanding of the market and the sales process to adjust strategies to serve customers better.Senior product managers typically need to be leadership-oriented, proactive and have excellent communication skills. Perhaps the most crucial aspect of their job is to be able to analyze data from several perspectives and make decisions based on insights. If youre interested in learning the skills to become a senior product manager, then check out our product management certifications to help you do just that.
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Senior Product Manager Salary In New York
How much does a Senior Product Manager make in New York? The average Senior Product Manager salary in New York is $152,445 as of November 23, 2022, but the range typically falls between $139,190 and $166,595. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
- Adjust Senior Product Manager Salary:
What Is A Product Manager Or Senior Product Manager Salary In Berlin Germany
68,000 is the average salary for a Product Manager in Berlin, Germany in 2022. There is a range depending on the experience of 55,000 – 81,000 for a Product Manager. In Berlin, one can expect additional benefits such as stock options and bonuses in addition to the annual salary.
In 2022, 81,000 per year is the expected salary for a Senior Product Manager in Berlin, Germany. Depending on experience, the range of salary for a Senior Product Manager is from 78,000 – 90,000. Salaries can often reach higher than 100,000 for Senior Product Managers who have extensive experience.
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How We Calculated The Numbers
Averages by experience, education level, and location were pulled from this report.
Product manager salary information by specific job title was sourced from Indeed. All dollar amounts are listed in USD unless stated otherwise. Survey responses that reported salaries in a currency other than USD were converted to USD, and any currencies that were not specified were assumed to be USD.
Average Salaries For Related Product Management Jobs
Its best to compare the senior product manager salary with the salaries of other product-based jobs. Here are some product-related roles and their average salaries:
The salaries above may be subject to change depending on the company, industry, the state you live in, and other factors. They will also be significantly different based on an individuals knowledge, expertise, experience, and education.
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