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Sr. Product Manager, Software Salary

On average, Senior Product Managers of Software in the United States earn six-figure salaries ($117K) annually, making for a very well-paid profession. Including potential for bonuses and profit sharing — peaking near $23K and $24K, respectively — total cash payment to Senior Product Managers of Software can bottom out near $93K or peak near $158K depending on individual performance. This group's pay is mainly influenced by location, followed by the company and experience level. Most Senior Product Managers of Software report high levels of job satisfaction. Men make up the vast majority of Senior Product Managers of Software (81 percent) who took the survey. Medical and dental benefits are awarded to almost all, and a large number earn vision coverage. The numbers in this rundown were provided by PayScale's salary survey participants.

$88,851 - $145,380
(Median)
$89K
$120K
$150K
MEDIAN: $117,288
10%
50%
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
$88,851 - $145,380  
   
Bonus
$2,875 - $22,690  
Profit Sharing
$511 - $24,468  
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).
)
$92,949 - $158,294  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 937

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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 a large salary bump if they progress into a role such as Senior Product Management Director. The latter position pays an average of $160K annually. With an annual salary of $137K, Product Management Director is the most common role for Senior Product Managers of Software to subsequently assume on their way up the ladder. Transitioning into a Marketing Director role — which usually pays $79K — is also typical for Senior Product Managers of Software, though less common by comparison.

Sr. Product Manager, Software Job Listings

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Popular Employer Salaries for Sr. Product Manager, Software


Senior Product Managers of Software will find the worst pay at Amazon.com Inc, where the median salary crawls in at $138K. Furthermore, compensation is curbed at $177K, leaving little room for growth.

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 Cloud Computing, Mobile Computing, Product Management, and Production Management are correlated to pay that is above average, with boosts between 5 percent and 16 percent. Skills that are correlated to lower pay, on the other hand, include End User Requirements Research and Microsoft Office. Those proficient in Product Development are, more often than not, also skilled in 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.


For Senior Product Managers of Software, more experience in the field does not usually mean bigger paychecks. Large paychecks, which sit comfortably in the six-figure range, are handed out almost immediately; professionals who have less than five years' experience report earning a median of $112K per year. After working for 10 to 20 years, Senior Product Managers of Software make a median salary of $132K. Senior Product Managers of Software who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $137K.

Pay Difference by Location


Senior Product Managers of Software in San Jose, Sunnyvale, and Palo Alto — all located in California — not only make more than the national average for those in this profession but represent the highest-paid cities in the country for Senior Product Managers of Software. With compensation 17 percent below the national average, Atlanta is not known for hefty paychecks and actually represents the lowest-paying market. Employers pay around 8 percent less in Los Angeles and 7 percent less in Chicago, 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.

Related Job Salaries

United States (change)

Experience Affects Sr. Product Manager, Software Salaries



National Average
$126,000



Skills That Affect Sr. Product Manager, Software Salaries


Mobile Computing
up arrow 14%


Product Marketing
up arrow 4%

User Interface Design
up arrow 4%

Production Management
up arrow 4%

Strategic Planning
up arrow 2%

Business Strategy
up arrow 2%

Product Development
up arrow 1%

Business Analysis
up arrow 1%

Agile
0%

National Average
$126,000

Requirements Analysis
up arrow 1%

Project Management
up arrow 3%

Microsoft Office
up arrow 7%

End User Requirements Research
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 185 votes.

Gender

Female
19 %
Male
81 %

Years of Experience

Less than 1 year
0%
1-4 years
9%
5-9 years
27%
10-19 years
50%
20 years or more
14%

Common Health Benefits

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