Sr. Product Manager, Software Salary

For Senior Product Managers of Software, the fattest paychecks can be found in the Golden State; the three highest-paying cities in the field are San Jose, San Francisco, and Los Angeles. With some bonuses approaching $25K and certain profit sharing proceeds approaching $23K, overall incomes of Senior Product Managers of Software spread between $97K and $172K depending on individual performance. The most influential factor affecting pay for this group is residence, though the company and years of experience have a (lesser) impact as well. The majority of Senior Product Managers of Software claim high levels of job satisfaction. Most Senior Product Managers of Software survey respondents are men (74 percent). Medical benefits are awarded to almost all, and a large number earn dental coverage. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$93,366 - $154,226
$93K
$120K
$150K
MEDIAN: $123,933
10%
50%
90%

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$26.55 - $97.87
$27
$73
$98
MEDIAN: $73.40
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$93,366 - $154,226  
   
Bonus
$3,957 - $25,123  
Profit Sharing
$1,996 - $23,218  
Commission
$11,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$96,734 - $171,544  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 615
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$33$66$99
Hourly Rate
$26.55 - $97.87  
   
Overtime
$26.00  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$70K$140K$210K
Bonus
$3,957 - $25,123  
   
Commission
$11,000  
Profit Sharing
$1,996 - $23,218  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$96,734 - $171,544  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 12

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Job Description for Sr. Product Manager, Software

Senior software product managers are responsible for managing the development cycle and release process for software products in their organization. They generally oversee other software developers to reach all company goals. They define road maps that establish schedules for development, and implement features required by the organization. Senior software product managers must create effective strategies for decreasing the use of company resources and strive to reduce the time they need to revise code and ship a program that is bug-free. Additionally, they often serve as a liaison between the business and technical departments within their organization.

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Sr. Product Manager, Software Tasks

  • Define products internally and for customers by collaborating with development and marketing teams.
  • Track and document progress and goals across all products.
  • Conduct market research and respond by creating appropriate products, technical specifications, and product descriptions.
  • Schedule and manage release cycles and product launches.

Common Career Paths for Sr. Product Manager, Software


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For Senior Product Managers of Software, progressing to a Senior Product Management Director role may result in a significant raise. On average, a Senior Product Management Director can earn $167K annually. The most common career progression for Senior Product Managers of Software leads to becoming a Product Management Director, where average pay is $140K annually. However, many Senior Product Managers of Software also opt to become Marketing Directors. Typically, a Marketing Director brings home $80K.

Sr. Product Manager, Software Job Listings

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Popular Employer Salaries for Sr. Product Manager, Software


For Senior Product Managers of Software, comfortable salaries can be found at Cisco Systems Inc; in fact, median earnings sit around $166K, the highest in the area.

Popular Skills for Sr. Product Manager, Software


Senior Product Managers of Software report using a large range of skills on the job. Most notably, skills in Software as a Service, Big Data Analytics, Cloud Computing, and Business Strategy are correlated to pay that is above average, with boosts between 6 percent and 10 percent. For most people, competency in Product Development indicates knowledge of Strategic Planning and Project Management.

Pay by Experience Level for Sr. Product Manager, Software

Pay by Experience for a Sr. Product Manager, Software has a positive trend. An entry-level Sr. Product Manager, Software with less than 5 years of experience can expect to earn an average total compensation of $122,000 based on 121 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Sr. Product Manager, Software with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $131,000 based on 269 salaries. An experienced Sr. Product Manager, Software which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $136,000 based on 315 salaries. A Sr. Product Manager, Software with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $138,000 based on 76 salaries.

Pay Difference by Location

National Average: $131,908

Larger city markers indicate a job is popular in that location.

California cities San Jose, San Francisco, and Los Angeles are lucrative areas for Senior Product Managers of Software, where pay is not only higher than the national average but also represents the three highest-paid areas in the country. Salt Lake City is home to the smallest salaries in the field, lagging the national average by 15 percent. Raleigh and Portland are a couple other places where companies are known to pay below the median — salaries are 13 percent lower and 10 percent lower, respectively.

Sr. Product Manager, Software Reviews

Q: What is it like working as a Sr. Product Manager, Software?

Sr. Product Manager, Software in Austin:
"Not For The Faint Of Heart."
Pros: You are at the center of the business. Everything involved with turning product into revenue and profit is in your purview. There is massive amount of experience in all areas of operation of the business.
Cons: Only for those that can operate with extreme interruption. Time management is incredibly important as there will always be more demand on you than you have hours in the day.

Related Job Salaries

Key Stats for Sr. Product Manager, Software

Gender

Female
26 %
Male
74 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 81 votes.
1-4 years
12%
5-9 years
31%
10-19 years
44%
20 years or more
13%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Sr. Product Manager, Software Salaries

▲5%

▲3%

National Average
$132,000

▼1%

▼8%

Skills That Affect Sr. Product Manager, Software Salaries








Strategic Planning
▼0%


User Interface Design
▼0%

National Average
$132,000




▼2%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 81 votes.

Gender

Female
26 %
Male
74 %

Years of Experience

1-4 years
12%
5-9 years
31%
10-19 years
44%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 88%
vision benefits
Vision: 78%
no benefits
None: 4%
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