While the average base salary for a CPO is just above $200,000, total compensation packages can reach much higher with annual bonus and stock options. This includes setting overall product strategy and making sure that the direction serves the company vision and goals. This role often reports directly to the chief executive officer and is responsible for the entire product management organization within a company. Of course, enterprise companies usually offer generous salaries and packages that include performance bonuses and profit sharing.Ĭhief product officer (CPO): $204,000 The CPO is an executive-level role that is increasingly present in large enterprises. Startups and smaller companies may not be able to offer sizable salaries, but they can offer equity. The salary for this senior product role can vary widely. Most hiring companies require previous experience leading a team of product managers and look for industry-specific expertise. In addition, they are responsible for mentoring and growing the product team. VP of product management: $193,000 The VP of product management is almost always a member of the leadership team and owns the product vision for the company. The director of product management leads a team of product managers and in smaller companies they can take a place on the overall leadership team. For example, a business-to-consumer SaaS company will look for a director who has experience delivering a SaaS product to consumers.
And many times companies are looking for industry-specific expertise. Senior product manager job responsibilities may include managing multiple products or an entire product portfolio.ĭirector of product management: $174,000 Most companies require a director-level product manager role to have more than seven years of both product management experience and personnel management experience. Senior product manager: $146,000 Product managers are usually eligible to become senior product managers after about five to eight years of experience in a product management role. However, those without relevant work experience will likely earn less than the average - which is still higher than most jobs available to new grads. New graduates with an MBA or advanced degrees in technology may be able to bypass the associate product manager role entirely and start their careers as product managers.
And that experience will likely result in a salary increase as well. Product manager: $113,000 Three to five years as an associate product manager or related role (such as in engineering, sales, or product marketing manager) is generally enough experience to be considered for a product manager role. Since this is an entry-level role, larger companies have even started recruiting out of colleges and universities to fill their associate product manager positions. Most companies will require a college degree and anywhere from zero to two years of previous work experience. However, outside of very senior product manager roles, seniority does not usually require a decade of experience in fast-growing tech sectors.Īssociate product manager: $82,000 The easiest way for a new graduate or someone making a major career change to break into product management is to join an organization as an associate product manager.
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No matter what industry you are in, seniority is the main driver of salary ranges. Salaries along the product management career path All salary information was reported by Glassdoor in November 2021. Please note that the base salaries in this article are for general product manager jobs (unspecified type). Hiring managers typically weigh factors like experience, geographic location, education, and industry expertise when making an offer. There are a number of reasons why this salary range is so broad.
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. This is because the work is meaningful, well paid, and offers considerable opportunities for career progression. Glassdoor recently called it one of the top 10 best jobs in America. Product management is one of the most coveted career paths for college and MBA graduates. What is a typical product manager salary?
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