Product Manager, Banking Salary
The average salary for a Product Manager, Banking is $84,969 per year. A skill in Product Management is associated with high pay for this job. Pay for this job rises steadily for more experienced workers, but goes down significantly for the few employees with more than 20 years' experience.
|Salary||$53,441 - $123,302|
|Bonus||$1,973 - $20,894|
|Total Pay (||$57,443 - $130,982|
Job Description for Product Manager, Banking
Banking product managers are responsible for developing and implementing effective banking products for their organization. They are in charge of creating banking service and product initiatives that can increase company profitability, as well as building customer satisfaction and brand loyalty.Read More...
Banking product managers oversee a group of individuals that create banking products and ensure their success after product launch. They must demonstrate leadership skills by motivating a group of banking specialists to promote banking products to the general public.
Additionally, these managers must help introduce banking products that are appealing to current and new banking clients. They also measure product performance, modify offerings as necessary, as well as research and analyze customer data to determine product requirements and features before introducing them to the public. They take part in business meetings to suggest changes to existing products as well. They generally report to the banking products and services vice president in their organization.
A bachelor's degree in finance, economics, or a related field is necessary for this position. Previous experience in a related position is required or preferred as well. Banking product managers should be organized individuals that work in a fast-paced environment; they must be results-driven and able to multitask effectively on a variety of projects. These managers should be proficient with basic computer programs such as the Microsoft Office suite as well. Banking product managers must work well in a team setting to achieve company goals, as well as on their own with minimal supervision.
Product Manager, Banking Tasks
- Develop customer and employee education for new and existing product initiatives.
- Produce development strategies to drive product sales growth.
- Lead the business analysis, product design and development of new products and programs.
- Develop and management of core deposit, consumer loan and banking product lines.
- Manage a staff of product managers and leads project teams to develop and launch products to the market.
Pay by Experience Level for Product Manager, Banking
Pay by Experience for a Product Manager, Banking has a neutral trend. An entry-level Product Manager, Banking with less than 5 years of experience can expect to earn an average total compensation of $80,000 based on 21 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Product Manager, Banking with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $104,000 based on 21 salaries. An experienced Product Manager, Banking which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $113,000 based on 19 salaries. A Product Manager, Banking with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $80,000 based on 7 salaries.
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Key Stats for Product Manager, Banking
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