Sr. Product Manager, Software Salary (United States)

Average pay for a Sr. Software Product Manager in the United States is considerable, rounding six figures at $123,695 per year. Total cash income, which bottoms out near $86,103 and peaks near $141,250, incorporates potential for more than $21K from bonuses and close to $20K from profit sharing in exceptional cases. Geography and experience level each impact pay for this group, with the former having the largest influence. Sr. Software Product Managers are largely men, dominating the profession at 80 percent. Job satisfaction for Sr. Software Product Managers is high. The information for this snapshot was generated by responses to the PayScale salary survey.
Sr. Product Manager, Software Salary (?
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.
)
$86,103 - $141,250
(Median)
86K
100K
120K
130K
140K
MEDIAN: $115,345
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
$86,103 - $141,250  
   
Bonus
$3,007 - $20,536  
Profit Sharing
$974 - $20,298  
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).
)
$90,729 - $154,139  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 1,068
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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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Additional career progression can lead to a hefty increase in pay for Sr. Software Product Managers. At the upper end, those who move into a Senior Product Management Director role can bring in an extra $35K per year. Becoming a Product Management Director is, more often than not, the most common role that Sr. Software Product Managers move into when they're ready for the next step in their career, and salaries hike up an additional $12,104. Another frequent advance is for Sr. Software Product Managers to assume a Marketing Director role; in this role, workers often experience a pay cut of $45K.

Sr. Product Manager, Software Job Listings

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Popular Skills for Sr. Product Manager, Software

Sr. Software Product Managers report using a deep pool of skills on the job. Most notably, facility with Cloud Computing, Product Management, and Mobile Computing are correlated to pay that is significantly above average, leading to increases of 21 percent, 17 percent, and 14 percent, respectively. Skills that seem to negatively impact pay include Microsoft Office. Most people skilled in Product Development are similarly competent 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.
New workers enjoy hefty six-figure paychecks upon entering the field—$108K per year is the typical starting salary. After 10 to 20 years, salary hovers around $130K. Following a couple decades of work, Sr. Software Product Managers watch their salaries dip to an average of $128K. Sr. Software Product Managers with 10 to 20 years in the field are most commonly found while those with one to 10 years of experience are harder to spot. The rarest group is the one with the most experience to boot—more than 20 years.

Pay Difference By Location

up arrow 16%
Sunnyvale
up arrow 15%
Palo Alto
up arrow 12%
Dallas
up arrow 4%
Austin
up arrow 2%
up arrow 1%
Boston
0%
National Average
$124,000
New York
up arrow 3%
San Diego
up arrow 4%
Denver
up arrow 4%
Houston
up arrow 5%
Chicago
up arrow 6%
Los Angeles
up arrow 9%
Larger circles over a city indicate a job is popular in that location.
Sr. Software Product Managers can earn above-average salaries when they head west to California. Specifically, San Jose, Sunnyvale, and Palo Alto represent the three top-paying cities for Sr. Software Product Managers in the United States. Those in the field find the lowest salaries in Los Angeles, 9 percent below the national average. Workers in Chicago and Houston earn salaries that trail the national average for those in this profession (-6 percent and -5 percent).

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 13%

Skills That Affect Sr. Product Manager, Software Salaries

Cloud Computing
up arrow 21%
Product Management
up arrow 17%
Mobile Computing
up arrow 14%
Product Marketing
up arrow 5%
User Interface Design
up arrow 5%
Strategic Planning
up arrow 4%
Product Development
up arrow 3%
Agile
up arrow 2%
Requirements Analysis
up arrow 1%
Business Analysis
up arrow 1%
National Average
$124,000
Project Management
up arrow 2%
Microsoft Office
up arrow 6%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 276 votes.

Gender

Female
20%
female alumni
 
Male
80%
male alumni

Years of Experience

Less than 1 year
0%
1-4 years
8%
5-9 years
27%
10-19 years
52%
20 years or more
12%

Common Health Benefits

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