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Sr. Product Manager, Software Salary

Senior Product Managers of Software in the United States see excellent average salaries — about $124K annually. Total cash compensation to Senior Product Managers of Software varies from $92K to $155K; higher pay grades include potential for bonuses and profit sharing as high as $21K each. Location is the biggest factor affecting pay for this group, followed by career length. In this profession, nearly all enjoy medical and dental coverage, and most have vision insurance, as well. The vast majority of Senior Product Managers of Software (81 percent) survey respondents are men. Job satisfaction is high and work is enjoyable for most Senior Product Managers of Software. This report is based on responses to the PayScale salary survey.
$87,417 - $142,675
(Median)
87K
100K
120K
130K
140K
MEDIAN: $115,806
10%
25%
50%
75%
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
$87,417 - $142,675  
   
Bonus
$2,983 - $20,618  
Profit Sharing
$961 - $20,363  
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).
)
$91,705 - $155,207  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,000
United States (change)

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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Compensation may increase greatly for Senior Product Managers of Software who advance to upper-end positions like Senior Product Management Director. Median pay for Senior Product Management Directors is $159K 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 $136K. Many others choose to work as Marketing Directors, where pay is typically $79K.

Sr. Product Manager, Software Job Listings

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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, Business Strategy, and User Interface Design are correlated to pay that is above average, with boosts between 6 percent and 19 percent. Skills that pay less than market rate include Microsoft Office. Those educated in Product Development tend to be well versed 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 more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Individuals who have worked for fewer than five years report earning $109K on average, a generous six-figure sum for those just starting out. Senior Product Managers of Software who work for 10 to 20 years in their occupation tend to earn about $131K. 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 $133K.

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. The smallest paychecks in the market, 19 percent south of the national average, can be found in Atlanta. Employers pay around 9 percent less in Los Angeles and 6 percent less in Chicago, below-median salaries for those in this field.

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

Experience Affects Sr. Product Manager, Software Salaries



National Average
$124,000


Entry-Level
up arrow 12%

Skills That Affect Sr. Product Manager, Software Salaries

Cloud Computing
up arrow 19%

Mobile Computing
up arrow 12%


User Interface Design
up arrow 6%


Product Management
up arrow 5%

Production Management
up arrow 5%

Strategic Planning
up arrow 4%

Business Analysis
up arrow 3%

Product Development
up arrow 2%

Requirements Analysis
up arrow 1%

Agile
up arrow 1%

National Average
$124,000

Project Management
up arrow 2%

Microsoft Office
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 243 votes.

Gender

Female
19 %
Male
81 %

Years of Experience

Less than 1 year
0%
1-4 years
8%
5-9 years
26%
10-19 years
52%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 90%
vision benefits Vision: 80% employee benefits None: 4%