Sr. Product Manager, Software Salary

Generous salaries abound for Senior Product Managers of Software in the United States, with average pay above six figures ($118K) per year. Total cash compensation to Senior Product Managers of Software ranges from $93K on the lower end to $159K on the higher end; the final number includes potential for approximately $24K each from bonuses and profit sharing in exceptional cases. Geographic location is the biggest factor affecting pay for this group, followed by the specific employer and experience level. Nearly all enjoy medical and dental coverage in this occupation, and a strong majority get vision benefits. The vast majority of Senior Product Managers of Software (81 percent) survey respondents are men. The majority of workers are highly satisfied with their job. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$89,159 - $146,400
(Median)
$89K
$120K
$150K
MEDIAN: $117,952
10%
50%
90%

Add this chart to your site: 640px    300px

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
$89,159 - $146,400  
   
Bonus
$2,409 - $24,006  
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).
)
$93,105 - $159,007  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 931
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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...

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


Add this chart to your site:   640px 640px    300px 300px


Senior Product Managers of Software who transition into a Senior Product Management Director role may receive large pay increases as the latter position pays an average $160K per year. Going from Senior Product Manager of Software to Product Management Director is the transition that occurs most often in this field, where the paychecks are $137K. Many others choose to work as Marketing Directors, where pay is typically $79K.

Sr. Product Manager, Software Job Listings

Search for more jobs:

Popular Employer Salaries for Sr. Product Manager, Software


Amazon.com Inc offers the least pay with a median salary of $138K; furthermore, salaries there max out at only $177K.

Popular Skills for Sr. Product Manager, Software


Survey participants wield an impressively varied skill set 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 Microsoft Office and Project Management. 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.


Senior Product Managers of Software do not generally earn higher incomes from more experience in the field. Annually raking in $113K, the average professional in this position sees a six-figure salary within the first five years. People with 10 to 20 years of experience make an average of about $133K in this role. Senior Product Managers of Software with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $138K.

Pay Difference by Location


San Jose, Sunnyvale, and Palo Alto — each tucked away in California — boast salaries above the national rate for Senior Product Managers of Software, making this state top of the list for those looking to make even more money in this profession. Trailing the national average by 9 percent, Los Angeles is the market with the smallest paychecks. Employers in Chicago and San Diego also lean toward paying below-median salaries (7 percent lower and 6 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.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Sr. Product Manager, Software Salaries



National Average
$127,000



Skills That Affect Sr. Product Manager, Software Salaries


Mobile Computing
up arrow 13%


Business Strategy
up arrow 3%

User Interface Design
up arrow 3%

Production Management
up arrow 3%

Product Marketing
up arrow 2%

Product Development
up arrow 1%

Strategic Planning
up arrow 1%

Business Analysis
0%

National Average
$127,000

Requirements Analysis
up arrow 1%

Agile
up arrow 1%

End User Requirements Research
up arrow 1%

Project Management
up arrow 3%

Microsoft Office
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 170 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%
ADVERTISEMENT