Sr. Product Manager, Software Salary
The median pay for Senior Product Managers of Software comes out to approximately $123K annually in the United States, but employers in Santa Clara offer the most; the average salary in that city is around $178K. Senior Product Managers of Software can also look forward to large paychecks in cities like San Jose (+22 percent), San Francisco (+9 percent), Palo Alto (+8 percent), and Seattle (+7 percent). The figures in this rundown are based on the results of PayScale's salary questionnaire.
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.Read More...
Senior software product managers also organize phase reviews and product planning tasks. They are in charge of training responsibilities in the use of software programs, as well as working with marketing professionals to create a successful product launch. One of their main tools include a personal computer for testing the software products, in addition to a programming environment with debugging tools and programming applications. Senior software product managers generally report to the software development leader in their department.
A bachelor's degree in software programming, computer science, or a related field is needed in this position. In addition, managerial experience may be preferred. They must have strong leadership abilities that can help motivate their team to find innovative solutions to technical problems. They should also have an advanced understanding of code syntax in several programming languages. Additionally, they have advanced interpersonal skills and be proficient with the use of basic computer software (such as email applications) to communicate with superiors about their progress.
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
Senior Product Managers of Software who go on to become Senior Product Management Directors may see their salaries climb quite a bit. Median pay for Senior Product Management Directors is $166K annually. As Senior Product Managers of Software progress in their field, many go on to become Product Management Directors. In fact, this transition is more common than anything else, and pay for the position is usually $140K per year. Another common career choice for Senior Product Managers of Software is to move into a Marketing Director role. Typically, Marketing Directors get paid $80K.
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Popular Employer Salaries for Sr. Product Manager, Software
Employees at Cisco Systems Inc enjoy the biggest paychecks, and $165K is the median salary. Range in pay, on the other hand, is narrow, with lower figures hovering around $124K and higher ones not far away at only $192K.
Popular Skills for Sr. Product Manager, Software
Survey results imply that Senior Product Managers of Software deploy a deep pool of skills on the job. Most notably, skills in Software as a Service, Cloud Computing, Business Strategy, and Mobile Computing are correlated to pay that is above average. 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.
Experience and pay tend to be weakly linked for Senior Product Managers of Software — those with more experience do not necessarily bring in higher earnings. Individuals who have worked for fewer than five years report earning $121K on average, a generous six-figure sum for those just starting out. Senior Product Managers of Software claiming one to two decades of experience make an estimated median of $135K. As Senior Product Managers of Software reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $148K.
Pay Difference by Location
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