Assistant Product Manager Salary
Earnings for Assistant Product Managers in the United States come in at around $53K annually on average. Location is the biggest factor affecting pay for this group, followed by years of experience. Most report receiving medical coverage from their employers and a large number collect dental insurance. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 54 percent. The majority of workers are highly satisfied with their job. This snapshot results from replies to PayScale's 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' salaries may rise greatly for those who assume a higher-end position such as a Senior Product Manager. The average Senior Product Manager brings home $124K per year. Assistant Product Managers most often move into positions as Product Managers or Product Development Managers; those groups report median salaries that are $25K higher and $28K higher, respectively.
Assistant Product Manager Job Listings
Search for more jobs:
Popular Skills for Assistant Product Manager
Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Project Management, Product Management, Product Development, and Microsoft Excel are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Oral / Verbal Communication and Marketing Communications. Most people skilled in Product Development are similarly competent in Microsoft Office and Microsoft Excel.
Pay Difference by Location
San Francisco offers some of the highest pay in the country for Assistant Product Managers, 43 percent above the national average. Assistant Product Managers can also look forward to large paychecks in cities like Chicago (+38 percent), Atlanta (+34 percent), Cleveland (+17 percent), and New York (+12 percent). Los Angeles is the lowest-paying area, 12 percent south of the national average. Not at the bottom but still paying below the median are employers in Milwaukee and Dallas (11 percent lower and 8 percent lower, respectively).
Related Job Salaries
Key Stats for Assistant Product Manager
Rated 5 out of 5
based on 24 votes.