Assistant Product Manager Salary
The average Assistant Product Manager in the United States can expect to rake in roughly $53K annually. Career duration is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to most, and a strong majority earn dental coverage. Women make up a slight majority of Assistant Product Managers (55 percent) survey respondents. The majority of workers are highly satisfied with their job. The data in this summary comes from the PayScale salary survey.
Job Description for Assistant Product Manager
Assistant product managers work with the product manager to handle specific products within the organization. The main objective of an assistant product manager is to perform customer research, define customer problems, identify market opportunities, and complete market research activities. Assistant product managers may participate in the creation of product budgets and prepare budget documents for review by the product management team. Assistant product managers also develop and monitor key product metrics and perform quality and cost control reviews based on these metrics. Additionally, assistant product managers work with purchasing and supply chain representatives to ensure that products are profitable and cost effective.Read More...
Assistant product managers work with a wide variety of professionals, such as engineers, project managers, and purchasing and supply chain agents; they may also work directly with external clients. Assistant product managers generally report directly to the product manager or department head. Day-to-day responsibilities of an assistant product manager vary by industry, but they typically involve scheduling and managing product milestones, as well as assisting other product workers with their assignments and performing ongoing market research. Individuals in this position typically work full time in an office environment, with some travel potentially required.
A bachelor's degree in a related field is generally required, as is at least three to five years' experience in a related field. Excellent organizational and multitasking skills are also required, and these individuals generally must be proficient in basic computer software (such as the Microsoft Office suite). Prior scheduling and planning experience may be preferred.
Assistant Product Manager Tasks
- Analyze product line sales and profitability.
- Deal with forecast preparation and tracking.
- Plan and execute marketing events.
- Conduct sales support and training.
Common Career Paths for Assistant Product Manager
Assistant Product Managers who go on to become Senior Product Managers may see their salaries climb quite a bit. Median pay for Senior Product Managers is $124K annually. A common career progression for an Assistant Product Manager is to become a Product Manager or a Product Development Manager. Compared to Assistant Product Managers, the first group earns $25K more on average, and the second group earns $28K more.
Assistant Product Manager Job Listings
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Popular Skills for Assistant Product Manager
Assistant Product Managers generally report applying a varied skill set to their work. Most notably, skills in Project Management, Product Management, Product Development, and Product Marketing are correlated to pay that is above average. Skills that seem to negatively impact pay include Oral / Verbal Communication and Marketing Communications. For most people, competency in Product Development indicates knowledge of Microsoft Office and Microsoft Excel.
Pay Difference by Location
For Assistant Product Managers, Chicago provides a pay rate that is 36 percent greater than the national average. Assistant Product Managers can also look forward to large paychecks in cities like Atlanta (+34 percent), San Francisco (+30 percent), New York (+19 percent), and Cleveland (+17 percent). The smallest paychecks in the market, 12 percent south of the national average, can be found in Los Angeles. Below-median salaries also turn up in Milwaukee and Baltimore (10 percent lower and 5 percent lower, respectively).