Vice President (VP), Product Management Salary

Pay for VPs of Product Management in the United States sits in the ballpark of $157K annually. Total cash earnings of VPs of Product Management range from $119K on the low end to $233K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $50K and $26K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by career length. Most VPs of Product Management survey respondents are men (75 percent). Job satisfaction is reported as high by the vast majority of workers. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The information for this snapshot was generated by responses to the PayScale salary survey.

$108,246 - $199,509
(Median)
$110K
$160K
$200K
MEDIAN: $156,974
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$80K$160K$240K
Salary
$108,246 - $199,509  
   
Bonus
$9,606 - $50,406  
Profit Sharing
$1,163 - $25,760  
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).
)
$119,216 - $233,197  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 581
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Job Description for Vice President (VP), Product Management

The vice president of product management is typically a member of the organization's management team who manages the product development team. Their main objective is to work with project and product managers to ensure products meet the need of the organization's customers. The vice president of product management is responsible for developing project plans, creating master project schedules, scheduling the product delivery process and milestones, assisting the product development team with any development issues, and ensuring release schedules are met. Additionally the vice president of product management is responsible for creating quality control plans.

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Vice President (VP), Product Management Tasks

  • Track and report on risks, product evaluations and strategy decisions.
  • Lead design and testing of new products, determining which projects should continue.
  • Train and support new products and their sales and manufacturing teams.
  • Manage product lifecycle for a portfolio of projects.
  • Research and respond to market trends.

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Popular Skills for Vice President (VP), Product Management


VPs of Product Management seem to wield many skills on the job. Most notably, facility with Strategy, Leadership, and Business Strategy are correlated to pay that is significantly above average, leading to increases of 33 percent, 12 percent, and 9 percent, respectively. Those listing Data Analysis as a skill should be prepared for drastically lower pay. Business Development and Project Management also typically command lower compensation. Those proficient in Product Development are, more often than not, also skilled in Product Marketing and Project Management.

Pay by Experience Level for Vice President (VP), Product Management

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For VPs of Product Management, experience does not seem to be a major factor in determining pay. The average worker who claims fewer than five years of experience earns around $130K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $159K. The average pay reported by folks with 10 to 20 years of experience is around $186K. Veterans who have surpassed the 20-year mark may make only slightly more than those who are navigating the mid-career stage; the more senior group reports median earnings of around $187K.

Pay Difference by Location


For VPs of Product Management, busy Palo Alto offers a higher-than-average pay rate, 27 percent above the national average. VPs of Product Management can also look forward to large paychecks in cities like Dallas (+13 percent), San Jose (+12 percent), San Francisco (+9 percent), and Washington (+7 percent). VPs of Product Management in Salt Lake City report much lower salaries than the rest of the country — 22 percent below the national average — proving that residence is a major factor in overall pay. Workers in Chicago and Philadelphia earn salaries that trail the national average for those in this profession (17 percent less and 15 percent less, respectively).

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Experience Affects Vice President (VP), Product Management Salaries



National Average
$181,000



Skills That Affect Vice President (VP), Product Management Salaries

Strategy
up arrow 33%


Business Strategy
up arrow 9%

Strategic Marketing
up arrow 5%

Software as a Service (SaaS)
up arrow 5%

Product Development
up arrow 3%

Product Marketing
up arrow 3%

People Management
up arrow 3%

Product Management
up arrow 2%

Strategic Planning
up arrow 1%

Production Management
up arrow 1%

Requirements Analysis
0%

National Average
$181,000


Business Development
up arrow 17%

Data Analysis
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 84 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
0%
1-4 years
4%
5-9 years
12%
10-19 years
56%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 88%
vision benefits Vision: 77% employee benefits None: 3%
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