Sr. Product Manager, Software Salary

Six-figure salaries are the norm for Senior Product Managers of Software in the United States, with median pay hovering around $120K per year. Cash earnings for Senior Product Managers of Software — including $25K in bonuses and $29K in profit sharing proceeds near the top of the pay scale — generally stretch from $96K to $163K depending on individual performance. Earnings for this group are mostly affected by geography, followed by the company and tenure. The majority of Senior Product Managers of Software claim high levels of job satisfaction. Almost all receive medical and dental insurance and a large number get vision plans. This snapshot results from replies to PayScale's salary survey.

$90,829 - $148,954
MEDIAN: $119,841

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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.
$90,829 - $148,954  
$2,546 - $25,179  
Profit Sharing
$986 - $29,277  
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).
$95,673 - $163,209  
Country: United States | Currency: USD | Updated: 20 Sep 2015 | Individuals Reporting: 951
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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.


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

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Senior Product Managers of Software' salaries may rise greatly for those who assume a higher-end position such as a Senior Product Management Director. The average Senior Product Management Director brings home $164K 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 $138K. 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 Inc offers the lowest pay in the field with a median salary of just $138K. There's also little variation in pay at the company, with pay ranging from $116K to $177K.

Popular Skills for

Survey participants wield an impressively varied skill set on the job. Most notably, skills in Cloud Computing, Mobile Computing, Product Management, and Business Strategy are correlated to pay that is above average, with boosts between 5 percent and 12 percent. Skills that pay less than market rate include Microsoft Office, Project Management, and End User Requirements Research. Most people familiar with Product Development also know Strategic Planning and Project Management.

Pay by Experience Level for

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. Six-figure salaries are not unusual for those just entering the occupation — survey respondents with less than five years' experience under their belts report receiving an average of $115K per year. The average pay reported by folks with 10 to 20 years of experience is around $136K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $141K.

Pay Difference by Location

For Senior Product Managers of Software, above-average compensation can be found in California — San Jose, Sunnyvale, and Palo Alto are known as the cities with the best salaries for Senior Product Managers of Software. With compensation 10 percent below the national average, Atlanta is not known for hefty paychecks and actually represents the lowest-paying market. Two other places where employers offer below-median salaries are Chicago (10 percent less) and San Diego (8 percent less).

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

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Experience Affects Salaries

National Average

Skills That Affect Salaries

Mobile Computing
up arrow 10%

Business Strategy
up arrow 3%

Strategic Planning
up arrow 2%

Product Marketing
up arrow 2%

User Interface Design
up arrow 2%

Production Management
up arrow 1%

Product Development


Business Analysis

National Average

Requirements Analysis
up arrow 1%

Project Management
up arrow 3%

End User Requirements Research
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 145 votes.


20 %
80 %

Years of Experience

Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 90%
vision benefits Vision: 81% employee benefits None: 4%