Sr. Product Manager, Software Salary

On average, Senior Product Managers of Software in the United States earn six-figure salaries ($121K) annually, making for a very well-paid profession. Cash earnings of Senior Product Managers of Software can occasionally include $25K each in bonuses and profit sharing proceeds; this strong performance component causes pay grades to stretch from approximately $96K to almost $165K. Compensation for this group is mainly affected by location, but the specific employer and experience level are influential factors as well. 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. Work is enjoyable for Senior Product Managers of Software, who typically claim high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.

$91,051 - $150,022
(Median)
$91K
$120K
$150K
MEDIAN: $120,694
10%
50%
90%

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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
$91,051 - $150,022  
   
Bonus
$2,578 - $25,066  
Profit Sharing
$996 - $25,532  
Commission
$19,653  
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).
)
$96,097 - $164,985  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 940
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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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As Senior Product Managers of Software transition into upper-level roles such as Senior Product Management Director, they may see a strong upturn in salary. Senior Product Management Directors earn $165K on average 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 $139K. Many others choose to work as Marketing Directors, where pay is typically $80K.

Sr. Product Manager, Software Job Listings

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Popular Employer Salaries for Sr. Product Manager, Software


Employees at Amazon.com Inc take home the smallest paychecks, and $138K is the median salary. Furthermore, range in pay is narrow, with salaries starting at $116K and quickly nearing the top at only $177K.

Popular Skills for Sr. Product Manager, Software


Survey takers working as Senior Product Managers of Software report using a large range of professional skills. Most notably, skills in Cloud Computing, Mobile Computing, Product Management, and Business Strategy are correlated to pay that is above average. At the other end of the pay range are skills like Big Data Analytics and Microsoft Office. 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.


For Senior Product Managers of Software, more experience in the field does not usually mean bigger paychecks. Substantial, six-figure paychecks show up early in this area; folks who have worked for fewer than five years report earning a median of $118K. Senior Product Managers of Software bring in $136K after working for 10 to 20 years. People who have worked for more than 20 years report a median income of $142K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $130,308

Larger city markers indicate a job is popular in that location.

For Senior Product Managers of Software, San Jose provides a pay rate that is 24 percent greater than the national average. Senior Product Managers of Software can also look forward to large paychecks in cities like Sunnyvale (+15 percent), Santa Clara (+11 percent), Palo Alto (+9 percent), and San Francisco (+7 percent). Those in the field find the lowest salaries in Chicago, 11 percent below the national average. Employers in San Diego and Dallas also lean toward paying below-median salaries (9 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

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Experience Affects Sr. Product Manager, Software Salaries



National Average
$130,000



Skills That Affect Sr. Product Manager, Software Salaries


Mobile Computing
up arrow 9%

Business Strategy
up arrow 3%

Product Management
up arrow 3%

Product Marketing
up arrow 2%

User Interface Design
up arrow 1%

Product Development
0%

Agile
0%

Strategic Planning
0%

Software as a Service (SaaS)
0%

National Average
$130,000

Requirements Analysis
up arrow 1%

Business Analysis
up arrow 1%

Project Management
up arrow 3%


Big Data Analytics
up arrow 11%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 144 votes.

Gender

Female
19 %
Male
81 %

Years of Experience

1-4 years
10%
5-9 years
28%
10-19 years
48%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 89%
medical benefits
Vision: 80%
dental benefits
None: 4%
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