Sr. Product Manager, Software Salary

On average, Senior Product Managers of Software in the United States earn six-figure salaries ($118K) annually, making for a very well-paid profession. Overall cash earnings of Senior Product Managers of Software stretch from $94K near the bottom to $159K at the top, and the heftiest packages can encompass around $23K each from bonuses and profit sharing. Geography is the main element affecting pay for this group — the specific employer and years of experience are driving factors as well. Job satisfaction is reported as high by the vast majority of workers. 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 nearly all, and most earn vision coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$89,831 - $146,282

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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
$89,831 - $146,282  
   
Bonus
$2,461 - $23,425  
Profit Sharing
$515 - $24,240  
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).
)
$94,064 - $158,999  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 911
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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 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 $160K annually. The most common promotion for Senior Product Managers of Software is Product Management Director, a position that typically pays $137K 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 Employer Salaries for Sr. Product Manager, Software


Not only do salaries lack room to grow — pay ranges from $116K to just $177K — but Amazon.com Inc offers the lowest pay in town to boot, with a median paycheck of $138K.

Popular Skills for Sr. Product Manager, Software


Senior Product Managers of Software seem to require a rather large skill set. 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 15 percent. At the other end of the pay range are skills like Microsoft Office and Project Management. Most people 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.


Senior Product Managers of Software do not generally earn higher incomes from more experience in the field. Annually raking in $114K, the average professional in this position sees a six-figure salary within the first five years. The average pay reported by folks with 10 to 20 years of experience is around $133K. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $138K.

Pay Difference by Location


For Senior Product Managers of Software, top-notch salaries can be found in California: San Jose, Sunnyvale, and Palo Alto offer exceptional salaries — better than the national average for those in this field and higher than any other city in the United States. The smallest paychecks in the market, 11 percent south of the national average, can be found in Atlanta. Employers in Chicago and San Diego also lean toward paying below-median salaries (8 percent lower and 7 percent lower, respectively).

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
$127,000



Skills That Affect Sr. Product Manager, Software Salaries


Mobile Computing
up arrow 12%


Production Management
up arrow 3%

Business Strategy
up arrow 2%

User Interface Design
up arrow 2%

Strategic Planning
up arrow 1%

Product Marketing
up arrow 1%

Product Development
0%

National Average
$127,000

Agile
up arrow 1%

Business Analysis
up arrow 1%

Requirements Analysis
up arrow 2%

End User Requirements Research
up arrow 2%

Project Management
up arrow 4%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 160 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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