Senior Product Management Director Salary
|Salary||$122,176 - $199,837|
|Bonus||$9,919 - $40,659|
|Profit Sharing||$986 - $20,511|
|Total Pay (||$130,129 - $224,314|
Job Description for Senior Product Management Director
A senior product management director provides focus for the development, marketing, sales, and improvement of a product. Since this is an advanced position, it may require managing others and supervisorial experience.Read More...
One goal is to increase the awareness and success of the product on the market. The director will provide vision for the product and will delegate tasks to other departments and individuals. A senior product management director may be in charge of multiple products and/or clients at once, so it is important to be organized and be able to multitask. It is also important to stay aware of the developments within the market to stay ahead of trends and to develop ideas for new products. It is essential to be aware of what the competition is developing.
Most of the work is done in an office, though some travel may be necessary. Many years of experience in the product management field is usually necessary since this is a senior position. A senior product management director can work directly for a company manufacturing products, but it is also possible to work for an agency that provides management services for companies. Some products will be tangible, while others will relate to the information technology field. It may also be important to have experience relating to the specific product field being addressed. Strong computer skills, especially in product development software, is important. Generally a minimum of a bachelor’s degree is necessary. Some positions also require a master’s degree.
Senior Product Management Director Tasks
- Develop, design, and implement the product and market strategy.
- Generate and capitalize on strategic opportunities for further growth.
- Provide analytical and technical feedback for internal departments and executive management.
- Coordinate with engineer teams to design and build products.
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Popular Skills for Senior Product Management Director
Senior Product Management Directors generally report applying a varied skill set to their work. Most notably, skills in Product Marketing, Product Management, Project Management, and Product Development are correlated to pay that is above average. At the other end of the pay range are skills like People Management, Production Management, and Business Strategy. It is often found that people who know Product Development are also skilled in Project Management.
Pay by Experience Level for Senior Product Management Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Senior Product Management Directors, extensive experience does not lead to significantly more money. Although individuals who have less than five years' experience earn $129K on average, people with five to 10 years benefit from a notably larger average of $172K. After working for 10 to 20 years, Senior Product Management Directors make a median salary of $183K. 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 $188K.
Pay Difference by Location
Palo Alto offers some of the highest pay in the country for Senior Product Management Directors, 26 percent above the national average. Senior Product Management Directors will also find cushy salaries in Santa Clara (+23 percent), San Jose (+15 percent), San Francisco (+9 percent), and San Diego (+8 percent). Atlanta is the lowest-paying area, 8 percent south of the national average. On the whole, employers pay 8 percent below the median salary for those in this field in Dallas and Chicago.
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