Sr. Product Manager, Software Salary (United States)

Sr. Software Product Managers in the United States can expect to earn a very comfortable salary, with average salaries (in the ballpark of $123,695) surpassing six figures annually. Geographic location and experience level each impact pay for this group, with the former having the largest influence. Medical and dental benefits are awarded to nearly all, and a solid majority earn vision coverage. Male Sr. Software Product Managers far outnumber their female counterparys in the field. Most Sr. Software Product Managers report high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.
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  
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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As Sr. Software Product Managers transition into upper-level roles, they may see a strong upturn in salary. For instance, a Senior Product Management Director may earn an extra $35K per year than his or her lower-level colleagues. With an annual $12,104 increase in salary, a Product Management Director is the most common role for Sr. Software Product Managers to subsequently assume on their way up the ladder. Transitioning into a Marketing Director role—which actually slashes pay by $45K—is also typical for Sr. Software Product Managers, though less common by comparison.

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. At the other end of the pay range are skills like 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.
$108K per year, a sizable six-figure salary, is the starting point for workers in this profession. After 10 to 20 years, salary hovers around $130K. Pay actually shrinks for Sr. Software Product Managers after two decades in the profession, averaging $128K. Sr. Software Product Managers with 10 to 20 years of experience are most common in the field, followed by those with one to 10 years and 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.
San Jose, Sunnyvale, and Palo Alto—each tucked away in California—boast salaries above the national rate for Sr. Software Product Managers, making this state top of the list for those looking to make even more money in this profession. The smallest paychecks in the market, 9 percent south of the national average, can be found in Los Angeles. Employers in Chicago and Houston also lean toward paying below-median salaries (-6 percent and -5 percent, 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.

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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%