Introduction
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 marketing strategy, and initiating ongoing updates such as new features. In this article we have mentioned about Product Manager Salary in US, their average base salary, best paying states and cities and many more.
There is a lot of variety in a product manager’s 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.
Product manager Education
Most product managers have a college degree and many have an advanced degree like an MBA. College majors do not have a large impact on salary, but they can affect the chances of landing a job for new graduates. Along with relevant internships or co-op placements, a concentration in business or technology can help edge out other candidates.
How much does a Product Manager make?
The national average salary for a Product Manager is $1,17,929 in United States. Filter by location to see Product Manager salaries in your area. Salary estimates are based on 45,364 salaries submitted anonymously by Product Manager employees.
Product manager Average base salary
$90,122
The average salary for a product manager is $90,122 per year in the United States and $5,000 cash bonus per year.3.6k salaries reported, updated at September 14, 2022.
Product manager Top Companies in US
Product manager Certifications
Beyond a relevant degree and some work experience, product managers can build out competitive skills by obtaining professional certifications and periodically enrolling in continuing education courses.
Many colleges and universities offer continuing education tracks for product managers. These are just a few of the other programs available to deepen product managers’ understanding and mastery of their craft:
- Aha! Academy: Led by experts in building world-class products, Aha! Academy courses offer advanced product management training.
- Association of International Product Marketing and Management: This professional association for product managers offers courses and study aids online and in person worldwide.
- General Assembly: Dedicated to offering educational and professional connections, General Assembly offers both a 10-week, part-time course and an intensive, weeklong course in product management.
- Pragmatic Marketing: Gain insights from six different certification levels designed for product managers and product marketing professionals.
- Product School: Learn from other seasoned product managers during a series of 8-week, part-time courses offered in San Francisco, Silicon Valley, New York, and Los Angeles.
- Project Management Institute: Although product management is different from project management, certification in specialized areas such as program management can be appealing to some employers.
- Scrum Alliance: Scrum and agile trainings can edge out candidates in organizations that follow these methodologies.
Product manager Highest paying cities
- San Francisco, CA
$110,328 per year
72 salaries reported
- San Jose, CA
$104,984 per year
13 salaries reported
- New York, NY
$104,554 per year
283 salaries reported
- Seattle, WA
$101,371 per year
34 salaries reported
- Chicago, IL
$97,894 per year
53 salaries reported
- Redmond, WA
$97,689 per year
10 salaries reported
- Atlanta, GA
$94,847 per year
66 salaries reported
- Dallas, TX
$94,062 per year
115 salaries reported
- Austin, TX
$93,570 per year
69 salaries reported
Product manager Recent User Submitted Salaries
- $90,000/yrAvg Base Salary
Cash Bonus$5,000/yr
8 days ago by a Product Manager with 1 to 3 years of experience
- $17/hrAvg Base Salary
8 days ago by a Product Flow with 10 to 14 years of experience
- $39/hrAvg Base Salary
8 days ago by a Product Manager with 1 to 3 years of experience
- $1,00,000/yrAvg Base Salary
Cash Bonus$10,000/yr
8 days ago by a Consulting Product Manager with 1 to 3 years of experience
- $1,30,000/yrAvg Base Salary
Cash Bonus$43,200/yr
8 days ago by a Consulting Product Manager with 7 to 9 years of experience
- $1,50,000/yrAvg Base Salary
Cash Bonus$15,000/yr
8 days ago by a Product Manager with 1 to 3 years of experience
- $1,00,000/yrAvg Base Salary
Cash Bonus$15,000/yr
8 days ago by a Product Manager with 4 to 6 years of experience
- $1,10,000/yrAvg Base Salary
8 days ago by a Consulting Product Manager with 4 to 6 years of experience
- $2,00,000/yrAvg Base Salary
8 days ago by a Consulting Product Manager with 10 to 14 years of experience
- $96,000/yrAvg Base Salary
8 days ago by a Consulting Product Manager with 1 to 3 years of experience.
Product manager Recent Salary Records
- A Caucasian Male Product Manager reported making $111,800 per year in Akron at a company with 501-1,000 Employees in Tech industry.
a day ago · $111,800· 501-1,000 Employees· Akron, OH
- A Caucasian Male Product Manager reported making $111,800 per year in Akron at a company with 501-1,000 Employees in Tech industry.
a day ago · $111,800· 501-1,000 Employees· Akron, OH
- A Caucasian Female Product Manager reported making $100,000 per year in Chicago at a company with 201-500 Employees in Tech industry.
a day ago · $100,000· 201-500 Employees· Chicago, IL
- A Caucasian Male Product Manager reported making $93,000 per year in Chicago at a company with 201-500 Employees in Tech industry.
2 days ago · $93,000· 201-500 Employees· Chicago, IL
- A Product Manager reported making $100,500 per year
3 days ago · $100,500
- A Product Manager reported making $77,000 per year
4 days ago · $77,000
- A Caucasian Male Product Manager reported making $175,000 per year in Lewiston at a company with 501-1,000 Employees in Tech industry.
8 days ago · $175,000· 501-1,000 Employees· Lewiston, ME
- A Hispanic or Latino Female Product Manager reported making $105,000 per year in San Francisco at a company with 51-200 Employees in Tech industry.
12 days ago · $105,000· 51-200 Employees· San Francisco, CA
- A Female Product Manager reported making $108,000 per year in Boston at a company with 501-1,000 Employees in Tech industry.
12 days ago · $108,000· 501-1,000 Employees· Boston, MA
- A Caucasian Male Product Manager reported making $350,000 per year in New York City at a company with 501-1,000 Employees in Tech industry.
12 days ago · $350,000· 501-1,000 Employees· New York City, NY
Product Manager Related Salaries
- Director of product management salary or product director salary
USA: US$156, 638
Canada: CA$138, 082
UK: £197, 983
- Senior product manager salary
USA: US$124, 291
Canada: CA$113, 133
UK: £68, 584
- Product owner salary
USA: US$108, 124
Canada: CA$119, 227
UK: £54, 398
- Digital product manager salary
USA: US$89, 922
Canada: CA$88, 791
UK: £52, 933
- Junior product manager salary
USA: US$68, 947
Canada: CA$50, 584
UK: £33,886
- Associate product manager salary or assistant product manager salary
USA: US$7, 364
Canada: CA$68,197
UK: £31, 810
- Technical product manager salary
USA: US$131, 750
Canada: CA$84, 295
UK: £63, 702
- Product marketing manager salary
USA: US$96, 636
Canada: CA$83, 038
UK: £57, 895
- New product development manager salary
USA: US$81, 073
Canada: CA$66, 966
UK: £35, 793
FAQ About Product Manager Salary
What is a product manager salary in US?
In the U.S., the median salary for product managers is $113,000. However, salaries are highest in major metros on the East and West Coasts.
What is a good salary for a product manager?
Okay, here are the numbers. The average product manager yearly salary is US$111,868, according to Glassdoor, as the American national average.
Is product manager high paying job?
Although the average product manager salary in India is around 16 lakhs, it can go up to 30 lakhs per year with experience and added skills. Even the starting pay is quite high for this role. You can expect to earn somewhere around 7-8 lakhs per year when starting out.
Can product manager become CEO?
With hands-on experience in this approach, a product manager can prosper in an executive leadership position. In sum, product managers play a crucial role in product development and acquire the right skills that will help them flourish in their career and ascend to the CEO post.
Which country pays highest salary to product manager?
Globally, the average base pay for a product manager is $110,916 per year (Source). The United States of America holds the highest average base pay of $108,992. In contrast, India pays an average of $21,687 per year to product managers.
Is being a product manager stressful?
With great responsibility, comes great stress. Due to its versatility, the role of a product manager is extremely challenging. Although this career is also very rewarding and fulfilling, it can often be frustrating for many reasons.
Why are product managers paid so much?
Product Managers are paid more than Software Engineers according to the latest figures on Glassdoor. The need for experienced Product Managers has increased exponentially in the last 10 to 15 years, especially in the tech industry. Product Managers are paid well because they have an enormous workload to deal with.
Are product managers in high demand?
Good news, product management positions have only increased in demand in the last decade. It even ranks fifth on Glassdoor’s 2019 best jobs in America. Not a bad career to find yourself in if you enjoy work that requires a combination of strategy, design, leadership, and more.
How old is the average product manager?
Age Statistics in Product Management
54% were between the ages of 45 – 54. Interestingly, the same study conducted in 2019 showed that 34% of PMs were 30 – 39, and 34% were 40 – 49. 19% were in their fifties, and only 9% were in their twenties.
What is the qualification for product manager?
You need to have a relevant bachelor’s or master’s degree in Business Administration, Computer Science, Finance, Engineering, Economics or Marketing to start strong.
Can a fresher be a product manager?
Good News for Freshers! Many startups are now hiring freshers as Product Managers. Going with the startup trend and ecosystem, India is following we can expect to see a huge amount of hiring in the space of product management. A product manager is responsible for managing and developing company’s products and services.
What is the future of product manager?
The product management market is expected to reach USD 31.84 billion by 2025. Thus, for aspiring and existing product managers who are planning to climb further ahead in the domain, the future is as bright as the sun, if not brighter. All that they need is the right training and mentorship.
Was Steve Jobs a product manager?
As Apple CEO, Steve Jobs involved himself as a de facto product manager by having a hand in the design, direction, vision, and messaging of its most important products, including the iPod.
Is Sundar Pichai a product manager?
Sundar Pichai’s Life before Google
He abandoned plans for a PhD and instead worked as an engineer and product manager at Applied Materials before getting his MBA from the Wharton School at the University of Pennsylvania.
Do product managers need to code?
Product Managers don’t need to code, but they can benefit from knowing the basics. They’ll be able to manage the product in more detail if they understand the code going into it. Small tweaks to test things out can be done at any time without bothering the developer.
How much tax will you have to pay as a 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, Product Managers could expect to have a take-home pay of $93,669/year, with each paycheck equaling approximately $3,903.
Conclusion
Product Managers are required to build products that support the business goals and objectives. While that might sound like a pretty simple definition, the fact of the matter is that efficiently performing the role requires Product Managers to collaborate across teams.
They can be seen working with the design, development, marketing, sales teams, and even the stakeholders to understand the company’s vision.
