Intellectual Property (IP) Manager Salary
The majority of Intellectual Property Managers in the United States — just below three-fifths — boast more than 10 years of experience in their profession. Salaries stretch from $50K to $147K per year, and the median is $92K annually. Career length is the biggest factor affecting pay for this group, followed by geography. Job satisfaction for Intellectual Property Managers is high. Most report receiving medical coverage from their employers and a strong majority collect dental insurance.
Job Description for Intellectual Property (IP) Manager
Almost all businesses, big and small, constantly create intellectual property; new technology, software, and writers are a good example of this. Businesses need an intellectual property (IP) manager to handle things such as employee contracts and filing patents, and a range of skills may be necessary for this position.Read More...
IP managers must understand management as well as procedure, and strong knowledge of patent and trademark laws is important in this position. Most PI managers have a degree in law or business, and they are often employed by companies which make their own unique products or artistic works. These managers must ensure that patents are registered promptly and protect intellectual properties, security, trademark laws, and payments, as well as establish company policies. They must be detail-oriented and have research skills, and evaluating software and copyright disclosures and identifying and reviewing contracts are also part of the job.
A college degree in a business, legal, or technological field is generally required for this position, and courses in patents and trademark laws are highly beneficial.
Intellectual Property (IP) Manager Tasks
- Search, analyze and update patent and trademark validity and rights to use.
- Enter data, track metrics and update confect and resolution status.
- Consult and discuss options for intellectual property documentation, maintenance and application.
- Maintain, update and set security policies for internal intellectual property.
Intellectual Property (IP) Manager Job Listings
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Popular Skills for Intellectual Property (IP) Manager
Intellectual Property Managers typically list a handful of skills they use on the job. Those who have experience with Operations Management, Intellectual Property, and Data Management can expect to be compensated well for these skills. Skills that seem to negatively impact pay include Data Management. It is not unusual for someone who knows Data Management to be familiar with Intellectual Property as well.
Pay by Experience Level for Intellectual Property (IP) Manager
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Intellectual Property Managers with a lot of experience tend to enjoy higher earnings. Relatively untried employees who have less than five years' experience make $53K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $89K. Between 10 and 20 years, pay surpasses six figures; at this stage, the average professional scores around $101K. Survey participants who have worked for more than two decades report bringing in $122K on average.
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Key Stats for Intellectual Property (IP) Manager
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