Product Management Manager Salary
The average salary for a Product Management Manager is $105,946 per year. Skills that are associated with high pay for this job are Project Management and Product Development.
|Salary||$51,182 - $134,363|
|Bonus||$2,043 - $24,944|
|Total Pay (||$51,539 - $157,953|
Job Description for Product Management Manager
Product management managers are in charge of managing all aspects of product management processes for their company. They are responsible for defining product roles, supporting different markets with product lines, evaluating new opportunities, and participating in the product research process. Product management managers must actively communicate information with other team members and create detailed product updates, as well as keep accurate product management records. Additionally, these managers communicate with external vendors, create strong business relationships with product partners, and document capabilities of existing products to compare and review requirements for future products.Read More...
Product management managers analyze competitors' products to introduce and improve features to their company's offerings. Product management managers also actively participate with cross-functional teams to develop specifications and form a more coherent product concept. They participate in product development meetings and contribute ideas for product modifications. In addition, they oversee product evaluations and create reports based on technical data.
A bachelor's degree in business, management, or a related field is required for this job. In addition, previous experience - including in a managerial capacity - is needed; industry and leadership certifications may be beneficial. Product management managers must be organized individuals with strong analytical skills that possess excellent interpersonal skills to lead a group of professionals to achieve company goals in a timely manner. They also need to be proficient with basic computer software such as the Microsoft Office suite.
Product Management Manager Tasks
- Develop and manage cross-functional product management team.
- Ensure financial growth and success of product or services.
- Supervise, coordinate, and train a variety of product management positions.
- Develop, maintain and oversee financial and marketing records and strategies.
- Plan, execute, and manage entirety of the product or service lifecycle.
Popular Skills for Product Management Manager
Pay by Experience Level for Product Management Manager
Pay by Experience for a Product Management Manager has a positive trend. An entry-level Product Management Manager with less than 5 years of experience can expect to earn an average total compensation of $86,000 based on 25 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Product Management Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $120,000 based on 30 salaries. An experienced Product Management Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $128,000 based on 28 salaries. A Product Management Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $151,000 based on 11 salaries.
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Key Stats for Product Management Manager
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