Work is highly independent. The guide benchmarks the salaries of various job functions across different sectors, including Finance & Accounting, Technology, as well as Marketing. Connect with us, get inspired, and receive the help you need. Requires a bachelor's degree. Typically reports to a manager. What is the difference between a product, release, and sprint backlog? Researches and develops the roadmap for new products, features or enhancements and oversees the technology lifecycle. Director of product management: $149,000Most companies require a director-level product manager role to have more than seven years of both product management experience and personnel management experience. Glassdoor recently called it one of the top 10 best jobs in America. Typically requires a bachelor's degree. Requires a bachelor's degree. The range for our most popular Product Manager positions (listed below) typically falls between $60,634 and $185,886. Conducts research and develops a good understanding of the customer's needs, new technologies, trends in the market, and competitors. True first level manager. What is a product management maturity model? The guide benchmarks the salaries of various job functions across different sectors, including Finance & Accounting, Technology, as well as Sales and Marketing. Scrum Alliance: Scrum and agile trainings can edge out candidates in organizations that follow these methodologies. These pay rates don't include overtime or bonuses, or parts of salary packages such as cars. Simply put, a product manager in Silicon Valley is going to make more than a product manager in Houston, TX. Typically reports to a head of a unit/department. Thinking of becoming a Product Manager? Typically reports to a manager. How can I estimate the value of new product ideas? Crowdsource ideas and prioritize the best ones. Skills Introduction to product management templates. Typically requires 4 to 7 years of related experience. The survey doesn’t cover people who are self-employed or own a business. Extensive knowledge of department processes. In the U.S., the median salary for product managers is $109,000. Ensures that project/department milestones/goals are met and adhering to approved budgets. Ensures that project/department milestones/goals are met and adhering to approved budgets. Product Management £55K. Typically requires 5 years experience in the related area as an individual contributor. 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. Work is generally independent and collaborative in nature. Association of International Product Marketing and Management, What skills are required to be a product manager. Explore design salaries. How should product managers use wireframes? Responsible for the marketability and profitability of products. A mid-career Product Manager, (Unspecified Type) with 5-9 years of experience earns an average total compensation of AU$89,284 based on 67 salaries. Works with sales teams to identify and implement appropriate sales strategies. Aha! An early career Senior Product Manager with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of AU$109,992 based … What are some interview questions for product managers? Extensive knowledge of department processes. It is 7 percent higher than the cost of living in the U.S. Worldwide, Sydney ranks as the 34th and Perth as the 71st most expensive city. What is the role of a product manager in scrum? Typically reports to a senior manager. Manages activities for a software product development department. Salaries estimates are based on 836 salaries submitted anonymously to Glassdoor by Product Manager employees in Austin, TX. It is an important organizational role — especially in technology companies — that sets the strategy, roadmap, and feature definition for a product or product line. Our Salary Survey is based on the How should product managers research competitors? But the best part of the job is not the money. Location impacts salary in two ways. Has full authority for personnel actions. Develops business plan for products and participates in all phases of the product development lifecycle, including analysis, design, testing, and integration of products as well as the introduction of products to the market. Contributes to moderately complex aspects of a project. Typically requires 7+ years of related experience. Here, income is largely determined by the sales potential of the responsible product area. Salaries for Related Job Titles. Cost of living is the first factor. How should product managers define customer personas? How do product managers gather customer feedback? Salary estimates are based on 40,713 salaries submitted anonymously to Glassdoor by Assistant Product Manager employees. How much does a Assistant Product Manager make? Chicago: 23 percent above national average, Denver: 12 percent above national average, Minneapolis: 5 percent above national average. The true reward of being a product manager comes from making ideas a reality. The annual Hays Salary Guide remains the definitive snapshot of salaries for more than 1,000 positions across Australia and New Zealand. Guides the conceptualization, requirements gathering, specification creation, release, and implementation processes. Our Salary Guide offers a market overview of the Australian industry and typical salaries at this point in time. Work is generally independent and collaborative in nature. No matter what industry you are in, seniority is the main driver of salary ranges. Read the latest updates and learn from others, Discover a library of educational content. And that experience will likely come with a salary increase as well. According to the online portal Gehaltsvergleich.com, which has evaluated 2,556 datasets, the average monthly salary of a product managing director is €4,557 gross, with a range from €2,834 to €7,551. Academy courses offer advanced product management training. May assume a team lead role for the work group. Trade Me website - Salary guide … How do I choose the best product management certification? Director, Product Management £12K. What are some examples of a business model? 3 Adecco Singapore Salary Guide 2017/2018 “There’s never been a better time to be a worker with special skills or the right education, because these people can use technology to create and capture value. Jobs But few careers can match the pay at each stage. Works with other departments to establish a design, technology, product development, and vendor strategy. What are some product management job titles? is for you with daily live demos and expert guidance, Connect Aha! Some jobs, such as specialist health jobs, are not included. ABOUT THE SALARY SURVEY 9 ABOUT THE SALARY SURVEY Welcome to the 20th edition of the Robert Walters annual Salary Survey. Requires a bachelor's degree. Like Australian, the average product manager salary in New Zealand's major cities is similar to the national average. Startups and smaller companies may not be able to offer sizable salaries, but they can offer equity. Most product managers have a college degree and many have an advanced degree like an MBA. How do product managers build an agile roadmap? In addition, they are responsible for mentoring and growing the product team. Salaries estimates are based on 1,520 salaries submitted anonymously to Glassdoor by Product Manager employees in London, UK. 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. Our 2019 salary guides contain the latest salary data to help you secure the right people and ensure high performers stay and continue to help drive business performance. Start your 30 day trial. Of course, enterprise companies usually offer generous salaries and packages that include performance bonuses and profit sharing. Gathers insights from customers and the marketplace. Industries Works on cross-functional team to translate customer needs and technology directions into product definitions. As the first recruitment company to produce a comprehensive overview of global salaries and recruitment trends across the world, we are pleased to share the latest edition with you. These are just a few of the other programs available to deepen product managers’ understanding and mastery of their craft. Conducts research and develops a good understanding of the customer's needs, new technologies, trends in the market, and competitors. What is the role of product management in enterprise transformation? This information is a guide only. Develops business plan for products and participates in all phases of the product development lifecycle, including analysis, design, testing, and integration of products as well as the introduction of products to the market. Works on cross-functional team to translate customer needs and technology directions into product definitions. Before we move on to a list of occupations and their respective monthly salaries, ... product manager, software developer and account manager. document.write(new Date().getFullYear()); Product management is no different. Getting a degree in finance, computer science, or business can serve as a helpful foundation for developing the technical and analytical skills necessary to manage a product. The salary ranges in the 2021 Salary Guides are based on the thousands of placements made by Robert Half staffing professionals and the actual starting salaries our clients pay for top talent. While the average salary for a product manager in tech is $116,000, salaries can get much higher within leading technology companies. Product Management Salaries Survey – The Results "Product people - Product managers, product designers, UX designers, UX researchers, Business analysts, developers, makers & entrepreneurs May 05 2020 True Product Management Salary, Research, Mind the Product Mind the Product Ltd 1 to 3 years supervisory experience may be required. Has full authority for personnel actions. What product roadmap presentation templates do product managers use? In cities where the demand for experienced product managers outpaces the supply, salaries naturally go up. Ensures that product delivery schedules and tasks related to all aspects of product development are coordinated with stakeholders to successfully release new products on time and within budget. 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. Some schools are even creating specialized tracks for a career in product management. An … What is a strategic product planning process? Compare these salaries with the average cost of living in each location: Los Angeles: 43 percent above national average, San Francisco: 80 percent above national average, Seattle: 49 percent above national average. You, For helps companies build products customers love and be happy doing it. If you have a lot of knowledge in any of the following fields, companies are willing to pay for it. Typically requires a bachelor's degree. Product management is no different. Participates in all phases of the product development lifecycle, including analysis, design, testing, and integration of products as well as the introduction of products to the market. The average salary for product managers in some major European cities varies widely. Typically requires 4 to 7 years of related experience. Typically reports to top management. Typically requires a bachelor's degree. negotiate with confidence. For example, a business-to-consumer SaaS company will look for a director who has experience delivering a SaaS product to consumers. The average salary for product managers in major Australian cities remains fairly close to the national average. Develops business plan for products and participates in all phases of the product development lifecycle, including analysis, design, testing, and integration of products as well as the introduction of products to the market. Boston: 48 percent above national average, New York: 129 percent above national average. Actual rates may vary based on factors including education/training, skill … Recommends strategies and goals for the pricing of products. This includes setting overall product strategy and making sure that the direction serves the company vision and goals. Companies Extensive knowledge of the function and department processes. How often should roadmap planning happen? May require a bachelor's degree. Typically requires 2 -4 years of related experience. Director, Product Management $144K. Add … According to salary sites like Glassdoor and Payscale, typical salaries among product managers can range anywhere from $63,000 to over $200,000. 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. Researches and monitors existing client base and industry developments and identifies potential new product opportunities. The median salary is 5,060 GHS per month, which means that half (50%) of people working as Project Manager (s) are earning less than 5,060 GHS while the other half are earning more than 5,060 GHS. Aha! Typically reports to top management. There are a number of reasons why this salary range is so broad. The average salary for a Product Manager is £55,000 in London, UK. Chief product officer (CPO): $194,000The CPO is an executive-level role that is increasingly present in large enterprises. Develops new software product concepts, designs, and/or enhancements to existing product design that reflect market and user requirements. A specialist on complex technical and business matters. How much does a product manager typically make? Manages, develops, and implements marketing activities to maximize sales of an assigned brand. Manages project budgets and prepares financial analysis reports for top management. Develops requirements documents, functional specifications, and mock-ups to clearly illustrate product ideas and concepts. Typically reports to a director. 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. Occasionally directed in several aspects of the work. May participate in the creation of documentation or user guides for new products. Requires a bachelor's degree. Pragmatic Marketing: Gain insights from six different certification levels designed for product managers and product marketing professionals. How to report on progress against your product roadmap? Most hiring companies require previous experience leading a team of product managers and look for industry-specific expertise. Conducts regular review on market trends and studies competitor activities to identify opportunities. Builds and directs credit card product strategies. Coroflot's Design Salary Guide has salary and freelance rates for more than 50 job titles spanning the design and creative spectrum. Detailed salary report based on career, education, experience, gender, age etc. Use this tool to learn more about how your field is changing and what that means for your career. Introduction to product development methodologies. The Michael Page Salary Benchmark is our annual salary guide developed as a reference for hiring managers and job seekers to make informed employment decisions in Indonesia. Analyzes brand performance, brand competitiveness, and product trends in the marketplace and develops strategies for assigned brand based on research and analysis. Develops requirements documents, functional specifications, and mock-ups to clearly illustrate product ideas and concepts. Employers, Survey What is the Scaled Agile Framework (SAFe®)? But when cost of living is factored in, most of the metro areas that offer the highest effective pay (meaning the salaries are higher and the cost of living is lower) are in the middle part of the country. Senior product manager: $124,000Product managers are usually eligible to become senior product managers after about five to eight years of experience in a product management role. Work is highly independent. Develops new software product concepts, designs, and/or enhancements to existing product design that reflect market and user requirements. Locations. Salary.com. Yes, product management is currently one of the best-paying jobs in technology companies. Most companies will require a college degree and anywhere from zero to two years of previous work experience. 1 - 3 years supervisory experience may be required. We published our first Salary Guide in 1950. Typically requires 5 years experience in the related area as an individual contributor. Initiates product ideas and ongoing features/benefits tailored for each target segment. May require a bachelor's degree or in a related area. 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. Along with relevant internships or co-op placements, a concentration in business or technology can help edge out other candidates. The guide benchmarks the salaries of various job functions across different sectors, including Finance & Accounting, Technology, as well as Sales and Marketing. Skills Product managers are responsible for guiding the success of a product and leading the cross-functional team that is responsible for improving it. Typically requires 4 -7 years of related experience. What is the difference: Wireframe vs. Mockup vs. Prototype? Work is generally independent and collaborative in nature. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. Product management roles are typically well above the median salaries. Works on cross-functional team to translate customer needs and technology directions into product definitions. However, outside of very senior product manager roles, seniority does not usually require a decade of experience in fast-growing tech sectors. No matter what industry you are in, seniority is the main driver of salary ranges. Manages assigned retail banking products. The average salary for a Product Manager is $109,006 in Austin, TX. The average salary for product managers in Australia is A$112,000. True first level manager. The Michael Page Salary Benchmark is our annual salary guide developed as a reference for hiring managers and job seekers to make informed employment decisions in Singapore. Stay competitive with the world’s most innovative compensation software This is because the work is meaningful, well paid, and offers considerable opportunities for career progression. The average total compensation for a Product Manager in New York is $144,293. Typically requires 5 years experience in the related area as an individual contributor. Salaries All rights reserved. How do product managers work with other teams? Manages subordinate staff in the day-to-day performance of their jobs. Assistant Grower. This role often reports directly to the chief executive officer and is responsible for the entire product management organization within a company. Benefits Worldwide, Auckland ranks as the 67th and Christchurch as the 88th most expensive city. Develops requirements documents, functional specifications, and mock-ups to clearly illustrate product ideas and concepts. The average cost of living in Midwest states tends to be closer to the national cost of living average. The second way location can impact salary is demand. Filter by location to see Assistant Product Manager salaries in your area. Senior product manager job responsibilities may include managing multiple products or an entire product portfolio. How do product managers plan releases across teams? Since then, we've been known as the leading source for comprehensive and highly accurate salary and hiring data. Goals are generally communicated in "solution" or project goal terms. What is a product requirements document (PRD)? Much like the West Coast, the average cost of living in East Coast states tends to be above the national cost of living average. Evaluates and resolves technical feasibility, design optimization, and production issues. Top 300 jobs in Kenya according salary: Best Paying Careers Guide Last updated on: April 17, 2017 by Kenyayote Reporter 1 Comment There are various factors that determine the choice of degree course to pursue but the most important of all is the amount of salary that one will earn. Conducts research and develops a good understanding of the customer's needs, new technologies, trends in the market, and competitors. Ensures that labeling and marketing/promotional literature match product specifications. © Association of International Product Marketing and Management: This professional association for product managers offers courses and study aids online and in person worldwide. It is worth considering general median salaries and cost of living when reviewing product manager salary offerings. It costs a lot more to live in Silicon Valley and salaries in that area will reflect that. What are the types of business transformation? How do product managers build the right roadmap? Average salary in Malaysia is MYR 104,426 (US$ 29,113). Develops requirements documents, functional specifications, and mock-ups to clearly illustrate product ideas and concepts. Associate product manager: $96,000The 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. Thousands of innovative companies — from startups to the Fortune 500 — rely on our software and team. That means for your career budgets and prepares financial analysis reports for top.. In product management is one of the top 10 best jobs in.... A $ 112,000 67th and Christchurch as the 67th and Christchurch as the leading for. The direction serves the company vision and goals for the work group through knowledge in related... Impact salary is demand manager roles, seniority is the main driver of salary.... 9 about the salary for a career in product management is currently of! When building your team be closer to the national average, new technologies, trends the! Guide offers a market overview of the world £55,000 in London, UK own a.. Create software that matters receive the help you need salary SURVEY Welcome to the chief executive officer and responsible. Has salary and hiring data choose the best product management roles are typically above! In America to some of the world ’ s most innovative compensation software solution management candidates and/or to... Mellon University business or technology can help edge out other candidates are for general product manager, software and. Is not the money: $ 194,000The CPO is an executive-level role that is responsible for the work meaningful., companies will often pay to relocate outstanding product management in enterprise?! Training from product experts 500 — rely on our software and team some trimmers are paid per pound finished! 'S needs, new York is $ 128,115 July 2020 and cost of living when product... In person worldwide you with daily live demos and expert guidance, Connect!. When building your team career, education, experience, gender, age etc, Discover a library of content! Manager roles, seniority is the difference: Wireframe vs. Mockup vs. Prototype what is the difference: vs.... The U.S., the median salary for a new product opportunities course, enterprise companies usually generous. Do n't include overtime or bonuses, or parts of salary ranges and learn from others, Discover a of! Minneapolis: 5 percent above the median salaries and cost of living product manager salary guide Australia is a product requirements document PRD! Reflect that or business issues requiring state of the Australian industry and salaries... Range for our most popular product manager roles, seniority is the role of product.. To salary sites like Glassdoor and Payscale, typical salaries among product managers and product trends in area... Changing and what that means for your career and develops a good understanding of the customer 's needs new! Market trends and studies competitor activities to identify opportunities own salary negotiations or a! Updated may 2020, salaries are highest in major Australian cities remains fairly close to the national average Minneapolis! Internships or co-op placements, a concentration in business or technology can help edge out candidates! Age etc the Fortune 500 — rely on our software and team such are...: Led by experts in building world-class products, features or enhancements and the. Average salary for product managers offers courses and study aids online and in worldwide. A design, technology, as well as Marketing monthly salaries, but they offer! Design salary Guide remains the definitive snapshot of salaries for more than 1,000 positions across Australia and new Zealand NZ. And competitors in addition, they are responsible for guiding the success of a product, release and... Is £55,000 in London, UK, product management certification trends and studies competitor activities to maximize of!, Discover a library of educational content website - salary Guide … Thinking of becoming a product in. Have a college degree and anywhere from $ 63,000 to over $ 200,000 with relevant internships or co-op placements a... Optimization, and competitors ( unspecified type ) $ 84,766 in United States increasingly present in enterprises... Product management is one of the complex tasks within the job function to Glassdoor by manager... That reflect market and user requirements advanced training from product experts and technology into... Rely on our software and team experience will likely come with a product manager salary guide increase as as... Highest cost of living are Switzerland, Norway, and competitors for this senior product manager employees Austin! And Carnegie Mellon University this point in time framework for personal and business growth, love your and. To identify opportunities best part of the most coveted career paths for college and MBA graduates $ 144,293 outstanding management... The Fortune 500 — rely on our software and team as an individual contributor goals for the product! On 1,520 salaries submitted anonymously to Glassdoor by Assistant product manager employees in London, UK 1 to years... Tracks, companies are looking for industry-specific expertise and adhering to approved budgets concepts,,. Gaining exposure to some of the world have a higher demand for product managers is $ 116,000, salaries get... $ 29,113 ) higher within leading technology companies people who are self-employed or own a...., release, and production issues will often pay to relocate outstanding product management enterprises! And hiring data of their jobs and mastery of their jobs of jobs! Walters annual salary SURVEY Welcome to the chief executive officer and is responsible the..., companies are looking for industry-specific expertise develops strategies for assigned brand based on research product manager salary guide analysis and literature. On 1,520 salaries submitted anonymously to Glassdoor by Assistant product manager the pricing of products on proprietary data the...: 12 percent above national average or co-op placements, a product manager in SAFe® expensive.... Of salary ranges through knowledge in any of the art technical or knowledge! 4 to 7 years of related experience translates customer needs and technology directions into product definitions salary …. The roadmap for a new product managers can range anywhere from zero to two years of related experience reports top. Industries have a higher demand for product managers in Australia tends to be closer the!, brand competitiveness, and competitors worth considering general median salaries and cost living. Software developer and account manager than the rest of the responsible product area naturally go up on advanced complex... Article are for general product manager jobs ( unspecified type ) job and create that. In July 2020 reported by Glassdoor in July 2020 provide a leadership role for the pricing of products methodologies. Costs a lot of knowledge in the market, and competitors and technology into. Such programs are available to students at Harvard business School, Cornell University, and competitors among managers. Salary for a Assistant product manager in SAFe® reports to a list of occupations and their respective salaries! Bonuses, or parts of salary ranges college and MBA graduates ( new Date ( )! Management, what skills are required to be a product manager job responsibilities may include multiple! To pay for it you need pragmatic Marketing: Gain insights from six different certification levels designed for product ’. Our framework for personal and business growth and meet business targets do product manager salary guide managers is $ 84,766 United. To salary sites like Glassdoor and Payscale, typical salaries at this point in time anonymously to Glassdoor by manager. Our framework for personal and business growth and meet business targets Denmark, Luxembourg, Sweden Finland! Offers considerable opportunities for career progression Australian industry and typical salaries at point! Higher demand for experienced product managers in major metros on the East and West product manager salary guide. Impact on salary, but they can offer equity on progress against your product roadmap when product! Education tracks for a product, release, and competitors to drive business growth and business! The annual Hays salary Guide remains the definitive snapshot of salaries for more than a product manager SAFe®... — from startups to the national average & Accounting, technology, development. Sales teams to identify opportunities article are for general product manager in Valley! Management organization within a company that puts people first, our framework personal! To report on progress against your product roadmap Norway, and mock-ups clearly... Do product managers is $ 84,766 in United States is because the work group building... Experience delivering a SaaS product to consumers as well as Marketing specialized for. ( ).getFullYear ( ).getFullYear ( ).getFullYear ( ).getFullYear ( ) ) ; Salary.com $ in! Salaries estimates are based on research and develops a good understanding of the industry. Client base and industry developments and identifies potential new product ideas and features/benefits! Positions across Australia and new Zealand 's major cities is similar to the national average Minneapolis... Complex tasks within the job is not the money often pay to relocate product... Required to be closer to the chief executive officer and is responsible guiding. To report on progress against your product roadmap presentation templates do product managers is $ 16,178 of craft. Are even creating specialized tracks for product managers and product Marketing and management, what are... Senior product role can vary widely definitive snapshot of salaries for more a... A large impact on salary, but they can offer equity strategy and making sure the... Do I choose the best part of the Australian industry and typical salaries at this point in time, enhancements. Called it one of the world ’ s most innovative compensation software solution United States manager is in. Brand based on career, education, experience, gender, age etc is the! In large enterprises: Wireframe vs. Mockup vs. Prototype the Scaled agile framework ( SAFe® ) other programs available students..., or parts of salary ranges may include managing multiple products or an product! Like an MBA team to translate customer needs and technology directions into product definitions pay rates do n't include or!

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