Intellectual Property (IP) Manager Salary
Intellectual Property Managers in the United States with more than 10 years of experience in their profession represent about three in five of Intellectual Property Managers. Salaries average out to around $92K annually and spread from $53K to $147K per year. Experience level is the biggest factor affecting pay for this group, followed by geography. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a fair number. Intellectual Property Managers who responded to the questionnaire are largely women, dominating at 82 percent. Most Intellectual Property Managers like their work and job satisfaction is high. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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 report a focused set of job skills. Those who have experience with Operations Management, Intellectual Property, and Data Management can expect to be compensated well for these skills. Competency in Data Management frequently indicates knowledge of Intellectual Property.
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. Workers in their first five years can expect to earn $60K, but people who have been around for five to 10 years earn a noticeably bigger sum of $90K. Experienced professionals — those with 10 to 20 years in the field — see salaries in the six-figure territory, securing around $107K on average. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $116K.