What Is The Average Product Manager Salary In The United States
According to data from Indeed, the average salary for a product manager in the United States is $89,536. Indeed also reports an average yearly cash bonus of $8,000 for product managers.
This is almost $40,000 higher than the average salary in the U.S., which stands at $53,490 in 2022.
The product manager salary varies depending on where you are in the U.S. Lets take a look at what product managers typically earn in different locations . Weve taken all salary data from Indeed:
- San Francisco, CA: $109,154
- Boston, NY: $93,578
- Dallas, TX: $93,280
As you can see, product managers earn consistently well across the United States. If youd like to get salary data for a different location, check the Indeed salary portal.
What Are Top 10 Highest Paying Cities For Senior Director Of Product Management Jobs
Weve identified 10 cities where the typical salary for a Senior Director of Product Management job is above the national average. Topping the list is Bolinas, CA, with Atkinson, NE and San Jose, CA close behind in the second and third positions. San Jose, CA beats the national average by $35,767 , and Bolinas, CA furthers that trend with another $48,345 above the $184,062 average.
With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as a Senior Director of Product Management 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 Bolinas, CA and Norwalk, CT, 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 Director of Product Management role.
How To Get Started In Product Management
If you like what youve seen with regards to salary, you might be wondering how you can break into this fascinating, fast-growing, and financially rewarding field.
The first step is to learn as much as you can about product management through independent reading and research. Immerse yourself in the topic through blogs, podcasts, and books in order to build up your foundational knowledge.
Next, youll want to focus on learning the practical skills that will equip you to actually work as a product manager. The most effective way to do this is through a product management course.
This will also help you to build your product management portfolio, network in the field, and effectively apply for jobsall critical steps in your journey towards a career in product management.
Youll find a complete step-by-step guide on how to become a product manager in this guide, where we also outline some of the most credible product management courses that are worth considering.
If youre still figuring out if product management is right for you, try a free product management for beginners course before you invest in the real thing.
Want to read more about the world of product management first? Then check out these articles for starters:
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Product Manager Salary For 2021
Many looking to jump into the field ask two questions: Do Product Managers get paid well, and Do Product Managers get bonuses? Though a Product Managers salary will vary depending on experience, industry, and location, salaries stay strong. Many companies offer Product Managers a bonus based on some kind of Objectives and Key Results system, and some offer equity, but this, will all depend on the company you land in.
All salary data listed below was reported from Salary.com, based on U.S. averages.
What Is Product Management And What Does A Product Manager Do
Before we explore product manager salaries, lets briefly recap on what product management is and what a product manager actually does.
Product management can be defined as the department or function within an organization which is responsible for ensuring the overall success of a product or service. It entails everything that falls under the product life cyclefrom discovering the product to developing, launching, growing it, and beyond.
Product management is a strategic function, so its all about managing the product in a way that drives business growth. Product managers are responsible for defining a product vision and developing a roadmap for how that vision will be implemented.
They work with a variety of different stakeholders to ensure that everyone is aligned and working towards a common goal. Much of a product managers day-to-day work revolves around:
- gathering and prioritizing ideas
As you can see, the role of the product manager is extremely varied, requiring a broad and diverse skillset. Weve outlined the 11 most important product manager skills in this guide.
For now, though, lets get to the matter at hand: How much can product managers really earn?
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Intel Corporation Salary Faqs
The average salary for a Senior Director, Product Management is $150,562 per year in United States, which is 46% lower than the average Intel Corporation salary of $282,117 per year for this job.
The salary trajectory of a Senior Director, Product Management ranges between locations and employers. The salary starts at $127,015 per year and goes up to $168,822 per year for the highest level of seniority.
What Is A Typical Product Manager Salary
Product management is one of the most coveted career paths for college and MBA graduates. Glassdoor recently called it one of the top 10 best jobs in America. This is because the work is meaningful, well paid, and offers considerable opportunities for career progression.
How much does a product manager typically make? According to salary sites like Glassdoor and Payscale, typical salaries among product managers can range anywhere from $63,000 to over $200,000.
There are a number of reasons why this salary range is so broad. Hiring managers typically weigh factors like experience, geographic location, education, and industry expertise when making an offer.
Please note that the base salaries in this article are for general product manager jobs . All salary information was reported by Glassdoor in November 2021.
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What Is A Senior Director Of Product Management
A Senior Director of Product Management is one of the highest levels of Product Management positions available. The Senior Director oversees the entire duration of a Product, as well as the fulfillment of a companys overall strategies and goals to be positive. There are many requirements to become a Senior Director of Product Management, mainly either an MBA or equivalent in years of experience.
However, for lower-level Product Manager positions, you dont require an MBA to land. To learn more about why refer to our article discussing MBAs and Product Manager positions. Heres what sets the Senior Director apart as a leading member of a product team.
Glassdoor Economist Pay Overview
Product and project management roles help companies operate efficiently, run programs and develop new products. Organization and communication skills are important for product and project managers. Experience and specialization within specific markets or products can help job seekers stand out. Additionally, product and project management roles are very diverse, so data, design or market research skills can help open up more opportunities.
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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 Does A Senior Director Of Product Management Make
As of Aug 11, 2022, the average annual pay for a Senior Director of Product Management in the United States is $184,062 a year.
Just in case you need a simple salary calculator, that works out to be approximately $88.49 an hour. This is the equivalent of $3,539/week or $15,338/month.
While ZipRecruiter is seeing annual salaries as high as $242,500 and as low as $88,500, the majority of Senior Director of Product Management salaries currently range between $164,000 to $203,000 with top earners making $231,500 annually across the United States. The average pay range for a Senior Director of Product Management varies little , which suggests that regardless of location, there are not many opportunities for increased pay or advancement, even with several years of experience.
Based on recent job postings on ZipRecruiter, the Senior Director of Product Management job market in both Chicago, IL and the surrounding area is very active. A Senior Director of Product Management in your area makes on average $189,253 per year, or $5,191 more than the national average annual salary of $184,062. Illinois ranks number 46 out of 50 states nationwide for Senior Director of Product Management salaries.
To estimate the most accurate annual salary range for Senior Director of Product Management 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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Product Management Senior Directorsalary
How much does a Product Management Senior Director make in the United States? The average Product Management Senior Director salary in the United States is $205,988 as of July 26, 2022, but the range typically falls between $184,820 and $236,821. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Jobs with a similar salary range to Product Management Senior Director :Addiction Psychiatrist
|10th Percentile Product Management Senior Director Salary||$165,548|
|25th Percentile Product Management Senior Director Salary||$184,820|
|50th Percentile Product Management Senior Director Salary||$205,988|
|75th Percentile Product Management Senior Director Salary||$236,821|
|90th Percentile Product Management Senior Director Salary||$264,894|
Director Of Product Management Salary $254844 Total Compensation
The Director of Product Management is the champion for a portfolio of multiple products, product processes, and tools. Typically responsible for providing product vision and roadmaps across the portfolio, this role leads a team of product managers who handle end-to-end product development, from Product requirement documents to product launches.
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Heres How To Effectively Negotiate Your Product Management Salary
This is further complicated because product managers cant be successful independently the job relies on many other people and groups to get the final product out the door. It can be tricky to assign an actual dollar value to what they do. And since product managers have such a varied skillset and background, its tough to find a going rate for the industry.
But that doesnt mean product managers should take what theyre offered and be happy to get it. Like anyone else in the organization, they provide value and deserve fair compensation reflecting their responsibilities, expertise, and track record. But product managers must do their homework before entering into a salary negotiation to hammer out a deal both sides can feel good about.
Product Manager Salaries In Other European Countries
Here well look at the average product manager salary in different countries across Europe:
- Switzerland: 177,000 CHF . The national average salary in Switzerland is about 124,000 CHF.
- France:66,900. The national average salary in France is 49,500.
- Austria:63,900. The national average salary in Austria is around 45,500.
- Germany:62,569. The national average salary in Germany is 45,700.
- Spain:45,700. The national average salary in Spain is around 32,600.
- Italy:42,392. The national average salary in Italy is around 43,800.
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Best Places For Senior Director Product Management Jobs
The list of the best states with the highest salaries includes USA. If you want to find a high-paying job, the top 3 states with the highest wages for the profession are Denver, CO Orlando, FL Jupiter, FL. Right now, the best hires include NIC MAP Vision Kantar UnitedHealth Group. Each of them offers a different rate.
Senior Director Product Management Pay Faq
The national average salary for a Senior Director, Product Management is $164,248 per year in United States. Filter by location to see a Senior Director, Product Management salaries in your area. Salaries estimates are based on 1022 salaries submitted anonymously to Glassdoor by a Senior Director, Product Management employees.
The highest salary for a Senior Director, Product Management in United States is $246,022 per year.
The lowest salary for a Senior Director, Product Management in United States is $109,655 per year.
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Dont Count On A Raise
Accepting a lower salary with the expectation that youll be so impressive once you start working that theyll increase your compensation down the line is usually a bad move. Promotions and raiseseven cost of living increasesare no longer a sure thing, so you should be prepared to make your initial salary for several years.
What Companies Pay The Highest Product Manager Salaries
When weighing up your earning potential as a product manager, its also important to consider how salaries can vary across different companies.
Weve explored the average product manager salarywhich sits at just under $90,000 in the U.S.but actually, there are some companies that pay their product managers well above the average.
So: What companies pay the best product manager salaries? Here are the top five:
- VMware, a cloud computing and virtualization technology company with headquarters in California. The average salary for a product manager at VMware is $177,444 per year.
- Meta , another major tech company based in California. The average salary for a product manager working at Meta is $172,974 per year.
- Boeing, a leading aerospace company headquartered in Chicago, Illinois. On average, product managers at Boeing earn $172,409 per year.
- Oracle, one of the largest software companies in the world, with headquarters in Austin, Texas. The average product manager salary at Oracle is $162,234 per year.
- Accenture, a global professional services company specializing in information technology services and consulting. The average salary for a product manager working at Accenture is $158,812 per year.
Also on the list of top-paying companies for product managers are Block, Google, Workday, Walmart, and Amazon, with salaries ranging from $151,000 to $156,000.
Product Manager Salaries By Location
According to Hired.com, Product Managers are highest in demand in the San Francisco Bay Area, New York, and London. For 2021, the top three salaries are offered in major cities on the west coast: $169,195 in the San Francisco Bay Area, $160,000 in San Diego, and $156,490 in Seattle. These locations boast major tech giants like Amazon, Google, and Qualcomm.
Frequently Asked Questions About A Senior Director Of Product Management Salaries
The national average salary for a Senior Director of Product Management is $150,412 per year in Canada. Filter by location to see a Senior Director of Product Management salaries in your area. Salaries estimates are based on 16 salaries submitted anonymously to Glassdoor by a Senior Director of Product Management employees.
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Saved And Hidden Costs
Some jobs that may come with an attractive salary may also come with hidden costs. For office locations that are further away than your current job then consider how much the commute will cost you per year.
On the other hand, moving from a job that has you based in an office to a WFH role may see an increase in your household bills . You may also be expected to provide your own equipment if youre working for a very small startup that cant yet provide laptops.
Consider how much money it will cost you to do the job, but also how much time itll cost you. If you really value your free time, a well paid role that involves a two hour commute may be less appealing than a role that lets you work from home.
Senior Directors Role Within A Company
The Senior Director of Product Management is a quintessential role within a company and focuses primarily on the leadership skills of the individual. They oversee the activities of the Junior Product Manager, the Product Manager, the Senior Product Manager, and the Head of Product Management. They make sure their work is all accounted for and that the team is running effectively.
This means that the Senior Director is in charge of most of the other Product Managers within a company, with only the CPO being above them in status in the Product Management ladder.
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Proposals From Junior Product Managers
This responsibility stems from the lower levels of Product Management reaching down to the Junior Product Managers. The Junior Product Managers analyze and give reports to the Senior Director in regards to issues within certain fields, and possible solutions. These reports, or otherwise known as proposals are presented, and the Senior Director is then expected to evaluate each proposal, and see the benefits or decrements to the company.
Frequently Asked Questions About A Senior Product Manager Salaries
The national average salary for a Senior Product Manager is $116,519 per year in Canada. Filter by location to see a Senior Product Manager salaries in your area. Salaries estimates are based on 666 salaries submitted anonymously to Glassdoor by a Senior Product Manager employees.
The highest salary for a Senior Product Manager in Canada is $155,085 per year.
The lowest salary for a Senior Product Manager in Canada is $87,544 per year.
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