Senior Product Management Director Salary
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
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Popular Skills for Senior Product Management Director
Senior Product Management Directors report using a diverse set of skills on the job. 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. The majority of those who know Product Development also know Project Management.
Pay by Experience Level for Senior Product Management Director
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Senior Product Management Directors with a lot of experience do not necessarily enjoy more money. New workers enjoy hefty six-figure paychecks when they take on this position — $139K per year is the median for people who claim less than five years' experience. Senior Product Management Directors claiming one to two decades of experience make an estimated median of $181K. As Senior Product Management Directors reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $188K.
Pay Difference by Location
Senior Product Management Directors in search of above-average pay will head to California: In particular, Senior Product Management Directors in Palo Alto, San Jose, and San Francisco are the best-paid American cities for Senior Product Management Directors, who enjoy higher pay rates than the national average. Chicago is the lowest-paying area, 10 percent south of the national average. Employers in Dallas and Atlanta also lean toward paying below-median salaries (8 percent less).