Senior Product Management Director Salary
|Salary||$124,387 - $200,224|
|Bonus||$9,902 - $40,689|
|Profit Sharing||$500 - $37,500|
|Total Pay (||$129,879 - $224,193|
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.
Common Career Paths for Senior Product Management Director
Senior Product Management Director Job Listings
Popular Skills for Senior Product Management Director
Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Product Marketing, Product Management, Project Management, and Product Development are correlated to pay that is above average. Skills that seem to negatively impact pay include People Management, Production Management, and Business Strategy. Those educated in Product Development tend to be well versed in Project Management.
Pay by Experience Level for Senior Product Management Director
Pay by Experience for a Senior Product Management Director has a positive trend. An entry-level Senior Product Management Director with less than 5 years of experience can expect to earn an average total compensation of $129,000 based on 14 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Product Management Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $170,000 based on 64 salaries. An experienced Senior Product Management Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $184,000 based on 165 salaries. A Senior Product Management Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $192,000 based on 59 salaries.
Pay Difference by Location
Palo Alto is home to an above-average pay rate for Senior Product Management Directors, 26 percent higher than the national average. Senior Product Management Directors will also find cushy salaries in Santa Clara (+23 percent), San Jose (+18 percent), San Francisco (+12 percent), and San Diego (+8 percent). The lowest-paying market is Dallas, which sits 8 percent below the national average. Employers in Boston and Chicago also lean toward paying below-median salaries (7 percent less).
Related Job Salaries
Key Stats for Senior Product Management Director
Rated 5 out of 5
based on 26 votes.