The median pay for Senior Product Managers of Software comes out to approximately $123K annually in the United States, but employers in Santa Clara offer the most; the average salary in that city is around $178K. Senior Product Managers of Software can also look forward to large paychecks in cities like San Jose (+22 percent), San Francisco (+9 percent), Palo Alto (+8 percent), and Seattle (+7 percent). The figures in this rundown are based on the results of PayScale's salary questionnaire.

$92,397 - $152,936
(Median)
$92K
$120K
$150K
MEDIAN: $123,015
10%
50%
90%

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$30.52 - $76.30
(Median)
$
$66
$
MEDIAN: $66.00
50%

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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
$92,397 - $152,936  
   
Bonus
$3,915 - $25,074  
Profit Sharing
$1,024 - $23,654  
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).
)
$96,155 - $169,469  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 589
National Hourly Rate 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$30$60$90
Hourly Rate
$66.19  
   
Overtime
$26.00  
National Annualized 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
Bonus
$3,915 - $25,074  
   
Profit Sharing
$1,024 - $23,654  
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).
)
$96,155 - $169,469  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 8
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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 who go on to become Senior Product Management Directors may see their salaries climb quite a bit. Median pay for Senior Product Management Directors is $166K annually. As Senior Product Managers of Software progress in their field, many go on to become Product Management Directors. In fact, this transition is more common than anything else, and pay for the position is usually $140K per year. Another common career choice for Senior Product Managers of Software is to move into a Marketing Director role. Typically, Marketing Directors get paid $80K.

Sr. Product Manager, Software Job Listings

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Popular Employer Salaries for Sr. Product Manager, Software


Employees at Cisco Systems Inc enjoy the biggest paychecks, and $165K is the median salary. Range in pay, on the other hand, is narrow, with lower figures hovering around $124K and higher ones not far away at only $192K.

Popular Skills for Sr. Product Manager, Software


Survey results imply that Senior Product Managers of Software deploy a deep pool of skills on the job. Most notably, skills in Software as a Service, Cloud Computing, Business Strategy, and Mobile Computing are correlated to pay that is above average. 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.


Experience and pay tend to be weakly linked for Senior Product Managers of Software — those with more experience do not necessarily bring in higher earnings. Individuals who have worked for fewer than five years report earning $121K on average, a generous six-figure sum for those just starting out. Senior Product Managers of Software claiming one to two decades of experience make an estimated median of $135K. As Senior Product Managers of Software reach more than two decades on the job, compensation remains commensurate with experience; the average pay in this group is $148K.

Pay Difference by Location

National Average: $131,322

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

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
$131,000



Skills That Affect Sr. Product Manager, Software Salaries

Software as a Service (SaaS)
up arrow 10%


Business Strategy
up arrow 2%

Mobile Computing
up arrow 2%

Product Management
0%

National Average
$131,000

Agile Software Development
up arrow 1%

Agile
up arrow 1%

Product Marketing
up arrow 1%

Microsoft Office
up arrow 1%

Product Development
up arrow 2%

Business Analysis
up arrow 2%

Requirements Analysis
up arrow 2%

Project Management
up arrow 2%

Strategic Planning
up arrow 2%

User Interface Design
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 85 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

1-4 years
11%
5-9 years
30%
10-19 years
45%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 88%
medical benefits
Vision: 76%
dental benefits
None: 4%
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