Sr. Product Manager, Software Salary

Salaries for Senior Product Managers of Software in the United States are generous, with average pay above six figures ($118K) per year. Including potential bonuses and profit sharing proceeds (more than $24K for each in exceptional cases) overall income bottoms out near $94K and hits $159K on the high end. Earnings for this group are mostly affected by residence, followed by the specific employer and years of experience. For the most part, Senior Product Managers of Software enjoy their work and report high levels of job satisfaction. Nearly all get medical and dental insurance, and a strong majority get vision plans, too. Senior Product Managers of Software who took the survey are largely men, dominating at 81 percent. This report is based on responses to the PayScale salary survey.

$89,738 - $146,604
(Median)
$90K
$120K
$150K
MEDIAN: $118,356
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
$89,738 - $146,604  
   
Bonus
$2,466 - $24,173  
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).
)
$93,873 - $159,429  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 926
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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. More often than not, a Product Management Director role is the next step for Senior Product Managers of Software moving up in the field. Product Management Directors usually make $137K per year. Many other Senior Product Managers of Software choose to take on a Marketing Director role, where salaries are typically $79K.

Sr. Product Manager, Software Job Listings

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Popular Employer Salaries for Sr. Product Manager, Software


Pay for Senior Product Managers of Software is the lowest at Amazon.com Inc, which has a median salary of $138K. In addition, there's little room to grow there, with salaries maxing out at $177K.

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 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 pay less than market rate include Microsoft Office and Project Management. Most people familiar with 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 with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Even the relatively untested can score weighty six-figure salaries; survey participants with less than five years' experience report earning a median of $113K per year. People with 10 to 20 years of experience make an average of about $133K in this role. 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


Senior Product Managers of Software earn a generous sum in the state of California: In particular, San Jose, Sunnyvale, and Palo Alto have higher pay rates than anywhere else in the country, each offering salaries above the national average. Trailing the national average by 11 percent, Atlanta is the market with the smallest paychecks. Workers in Chicago and San Diego earn salaries that trail the national average for those in this profession (8 percent less and 7 percent less, 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 13%


Business Strategy
up arrow 3%

User Interface Design
up arrow 3%

Production Management
up arrow 3%

Strategic Planning
up arrow 1%

Product Marketing
up arrow 1%

Product Development
0%

Business Analysis
0%

National Average
$127,000

Agile
up arrow 1%

Requirements Analysis
up arrow 2%

End User Requirements Research
up arrow 2%

Project Management
up arrow 3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 167 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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