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Sr. Product Manager, Software Salary

Senior Product Managers of Software in the United States can expect to earn a very comfortable salary, with average salaries (in the ballpark of $117K) surpassing six figures annually. Total cash compensation to Senior Product Managers of Software varies from $93K to $158K; higher pay grades include potential for bonuses and profit sharing as high as $22K each. Location is the main element affecting pay for this group — the company and tenure are driving factors as well. The vast majority of Senior Product Managers of Software (81 percent) survey respondents are men. Most Senior Product Managers of Software report high levels of job satisfaction. Medical and dental benefits are awarded to almost all, and a large number earn vision coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$88,697 - $144,987
(Median)
$89K
$120K
$140K
MEDIAN: $117,144
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
$88,697 - $144,987  
   
Bonus
$2,923 - $22,361  
Profit Sharing
$500 - $22,500  
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).
)
$92,802 - $157,781  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 937

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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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For Senior Product Managers of Software, progressing to a Senior Product Management Director role may result in a significant raise. On average, a Senior Product Management Director can earn $160K annually. With an annual salary of $137K, Product Management Director is the most common role for Senior Product Managers of Software to subsequently assume on their way up the ladder. Transitioning into a Marketing Director role — which usually pays $79K — is also typical for Senior Product Managers of Software, though less common by comparison.

Sr. Product Manager, Software Job Listings

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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


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 16 percent. Skills that are correlated to lower pay, on the other hand, include End User Requirements Research and Microsoft Office. 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.


For many Senior Product Managers of Software, extensive experience does not lead to significantly 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 $112K per year. Senior Product Managers of Software with one to two decades of relevant experience report an average salary of approximately $132K. Senior Product Managers of Software who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $137K on average.

Pay Difference by Location


There's tons of opportunity for Senior Product Managers of Software in California, which is home to the top three paying cities in the field. San Jose, Sunnyvale, and Palo Alto all offer salaries above the national rate. Atlanta is the lowest-paying area, 17 percent south of the national average. A couple other locations with smaller-than-average paychecks include Los Angeles (8 percent lower) and Chicago (7 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



Skills That Affect Sr. Product Manager, Software Salaries


Mobile Computing
up arrow 14%


Business Strategy
up arrow 4%

Product Marketing
up arrow 4%

User Interface Design
up arrow 4%

Production Management
up arrow 4%

Strategic Planning
up arrow 2%

Product Development
up arrow 1%

Business Analysis
up arrow 1%

Requirements Analysis
0%

Agile
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 191 votes.

Gender

Female
19 %
Male
81 %

Years of Experience

Less than 1 year
0%
1-4 years
9%
5-9 years
26%
10-19 years
51%
20 years or more
14%

Common Health Benefits

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