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Sr. Product Manager, Software Salary

Senior Product Managers of Software receive generous compensation in the United States — earning an average of $117K per year, their standard salaries shoot well into the six-figure range. The range in cash compensation to Senior Product Managers of Software ($93K to $157K) includes potential earnings of $21K each from bonuses and profit sharing in exceptional cases. This group's pay is mainly influenced by residence, followed by tenure and the individual firm. Most Senior Product Managers of Software like their work and job satisfaction is high. Medical and dental coverage is claimed by nearly all, and most earn vision coverage. Men make up the vast majority of Senior Product Managers of Software (82 percent) who took the survey. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$88,945 - $144,616
(Median)
$89K
$120K
$140K
MEDIAN: $117,146
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
$88,945 - $144,616  
   
Bonus
$2,912 - $21,204  
Profit Sharing
$958 - $20,811  
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).
)
$92,910 - $157,219  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 939

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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' 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 $160K per year. A Product Management Director role is the most common promotion for Senior Product Managers of Software moving up the ladder, and pay for the position tends to be around the $137K mark. Another typical, albeit less common, transition for Senior Product Managers of Software is a Marketing Director position, where earnings are usually $79K.

Sr. Product Manager, Software Job Listings

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Popular Employer Salaries for Sr. Product Manager, Software


Amazon.com Inc doles out the lowest salaries in town — median pay is $138K — not to mention workers can only make as much as $177K and scope of pay is rather limited.

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 User Interface Design are correlated to pay that is above average, with boosts between 6 percent and 17 percent. Skills that pay less than market rate include End User Requirements Research and Microsoft Office. It is often found that people who know Product Development are 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.


Senior Product Managers of Software with a lot of experience do not necessarily enjoy more money. Even the relatively untested can score weighty six-figure salaries; survey participants with less than five years' experience report earning a median of $111K per year. For Senior Product Managers of Software, 10 to 20 years of experience on the job amounts to an average 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 $138K.

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. In Atlanta, salaries are 17 percent below the national average and represent the lowest-paying market. A couple other locations with smaller-than-average paychecks include Raleigh (9 percent lower) and Chicago (8 percent lower).

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


Entry-Level
up arrow 12%

Skills That Affect Sr. Product Manager, Software Salaries


Mobile Computing
up arrow 13%


User Interface Design
up arrow 6%

Product Marketing
up arrow 4%

Production Management
up arrow 4%

Business Strategy
up arrow 3%

Strategic Planning
up arrow 2%

Business Analysis
up arrow 2%

Product Development
up arrow 1%

Agile
up arrow 1%

Requirements Analysis
0%

National Average
$126,000

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 203 votes.

Gender

Female
18 %
Male
82 %

Years of Experience

Less than 1 year
0%
1-4 years
8%
5-9 years
27%
10-19 years
51%
20 years or more
14%

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 90%
vision benefits Vision: 80% employee benefits None: 4%