![]() ![]() And many times companies are looking for industry-specific expertise. 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 job responsibilities may include managing multiple products or an entire product portfolio.ĭirector of product management salary: $255,000 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. 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. 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. 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 salary: $77,000 No matter what industry you are in, seniority is the main driver of salary ranges. How education impacts product manager salaries Jump ahead to any section to find the information you need: Prepare to negotiate your salary with Aha! Notebooks. To help you prepare for this type of discussion, try this template in Aha! Notebooks. Negotiating your salary can help you understand what is on par with current compensation trends and know your worth. ![]() It can also depend on you - should you choose to negotiate an offer. Hiring managers typically weigh factors like experience, geographic location, education, and industry expertise when making an offer. ![]() There are a number of reasons why the salary range for product managers is so broad. due to its meaningful work, attractive compensation, and potential for career growth. Product management is considered one of the most coveted career paths, with Glassdoor recently naming it one of the top 10 best jobs in the U.S. According to salary sites like Glassdoor and Payscale, typical product manager salaries can vary between $76,000 to over $200,000 with a median salary of about $125,000. Product managers are highly sought-after - and earn salaries that reflect the value they bring to organizations. All salary information was reported by Glassdoor in September 2022. Product manager salary summary - how much do PMs earn?Įditor's note: The base salaries in this article are for general product manager jobs (unspecified type). ![]()
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