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Sr. Product Manager, Software Salary (United States)

Senior Product Managers of Software in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $124K) surpassing six figures annually. Cash earnings of Senior Product Managers of Software can occasionally include $21K each in bonuses and profit sharing proceeds; this strong performance component causes pay grades to stretch from approximately $91K to almost $154K. Geography is the biggest factor affecting pay for this group, followed by experience level. In this profession, almost all workers individuals enjoy medical and dental coverage, and the greater part have vision insurance, as well. In this field, men are more common than women; 80 percent of Senior Product Managers of Software are male. For the most part, Senior Product Managers of Software enjoy their work and report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
Sr. Product Manager, Software Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$86,103 - $141,250
(Median)
86K
100K
120K
130K
140K
MEDIAN: $115,345
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$86,103 - $141,250  
   
Bonus
$3,007 - $20,536  
Profit Sharing
$974 - $20,298  
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).
)
$90,729 - $154,139  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 1,068
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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
  • Conduct market research and respond by creating appropriate products, technical specifications, and product descriptions.
  • Schedule and manage release cycles and product launches.
  • Define products internally and for customers by collaborating with development and marketing teams.
  • Track and document progress and goals across all products.

Common Career Paths for Sr. Product Manager, Software

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Senior Product Managers of Software may experience if they take an upper-level role like Senior Product Management Director. The position tends to pay $159K annually. The most common promotion for Senior Product Managers of Software is Product Management Director, a position that typically pays $136K annually. Another standard transition for Senior Product Managers of Software seeking advancement is to assume a Marketing Director role, where pay is often $79K.

Sr. Product Manager, Software Job Listings

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Popular Skills for Sr. Product Manager, Software

Senior Product Managers of Software report using a large range of skills on the job. Most notably, facility with Cloud Computing, Product Management, and Mobile Computing are correlated to pay that is significantly above average, leading to increases of 21 percent, 17 percent, and 14 percent, respectively. At the other end of the pay range are skills like Microsoft Office. The majority of those who know Product Development also know Strategic Planning and Project Management.

Pay by Experience Level for Sr. Product Manager, Software

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Even the relatively untested can earn a lot; individuals who have been working for fewer than five years report a median six-figure salary of $108K per year. For Senior Product Managers of Software, 10 to 20 years of experience on the job amounts to an average salary of $130K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $128K on average. Senior Product Managers of Software with 10 to 20 years in the field are most commonly found while those with one to 10 years of experience are harder to spot. The rarest group is those with more than 20 years of experience.

Pay Difference By Location

up arrow 16%
Sunnyvale
up arrow 15%
Palo Alto
up arrow 12%
Dallas
up arrow 4%
Austin
up arrow 2%
up arrow 1%
Boston
0%
National Average
$124,000
New York
up arrow 3%
San Diego
up arrow 4%
Denver
up arrow 4%
Houston
up arrow 5%
Chicago
up arrow 6%
Los Angeles
up arrow 9%
Larger circles over a city indicate a job is popular in that location.
There's tons of opportunity for Senior Product Managers of Software in California, which is home to the top three paying cities in the field. San Jose, Sunnyvale, and Palo Alto all offer salaries above the national rate. The lowest-paying market is Los Angeles, which sits 9 percent below the national average. Employers pay around 6 percent less in Chicago and 5 percent less in Houston, below-median salaries for those in this field.

Sr. Product Manager, Software Reviews

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.

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Experience Affects Sr. Product Manager, Software Salaries

National Average
$124,000
Entry-Level
up arrow 13%

Skills That Affect Sr. Product Manager, Software Salaries

Cloud Computing
up arrow 21%
Product Management
up arrow 17%
Mobile Computing
up arrow 14%
Product Marketing
up arrow 5%
User Interface Design
up arrow 5%
Strategic Planning
up arrow 4%
Product Development
up arrow 3%
Agile
up arrow 2%
Requirements Analysis
up arrow 1%
Business Analysis
up arrow 1%
National Average
$124,000
Project Management
up arrow 2%
Microsoft Office
up arrow 6%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 276 votes.

Gender

Female
20%
female alumni
 
Male
80%
male alumni

Years of Experience

Less than 1 year
0%
1-4 years
8%
5-9 years
27%
10-19 years
52%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 90%
vision benefits Vision: 80% employee benefits None: 4%