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Vice President (VP), Product Management Salary

A big portion of take-home pay for VPs of Product Management — nearly one in four, in fact — arrives through commissions. This profession's median overall income is approximately $184K. With some bonuses approaching $51K and certain profit sharing proceeds approaching $78K, overall incomes of VPs of Product Management spread between $123K and $239K depending on individual performance. Residence and experience level each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. Job satisfaction for VPs of Product Management is high. Generally, women make up less than a third of all VPs of Product Management who answered the questionnnaire. This report is based on answers to PayScale's salary questionnaire.
$112,732 - $202,008
(Median)
110K
140K
160K
180K
200K
MEDIAN: $157,888
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$80K$160K$240K
Salary
$112,732 - $202,008  
   
Bonus
$9,832 - $51,337  
Profit Sharing
$2,576 - $77,566  
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).
)
$122,566 - $238,648  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 437
United States (change)

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.

Vice President (VP), Product Management Job Listings

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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 Business Strategy, Leadership, and Production Management are correlated to pay that is significantly above average, leading to increases of 27 percent, 26 percent, and 8 percent, respectively. Data Analysis and Project Management, on the other hand, are typically associated with much lower pay. It is often found that people who know Product Development are 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.


Even the relatively untested can earn a lot; individuals who have been working for fewer than five years report a median six-figure salary of $175K per year. The average pay reported by folks with 10 to 20 years of experience is around $188K. VPs of Product Management who claim more than two decades of experience actually make somewhat smaller average paychecks of $180K.

Pay Difference by Location


For VPs of Product Management, working in the bustling city of San Jose has its advantages, including an above-average pay rate. VPs of Product Management will also find cushy salaries in San Francisco (+11 percent) and Washington (+9 percent). Compared to the national average, Chicago VPs of Product Management have considerably lower salaries, 30 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Employers in Atlanta and Los Angeles also lean toward paying below-median salaries (18 percent less).

Related Job Salaries

Experience Affects Vice President (VP), Product Management Salaries


National Average
$184,000


Entry-Level
up arrow 5%


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

Business Strategy
up arrow 27%

Leadership
up arrow 26%

Production Management
up arrow 8%

Product Marketing
up arrow 4%

Strategic Marketing
up arrow 3%

Product Development
up arrow 2%

Strategic Planning
up arrow 2%

Product Management
up arrow 2%

National Average
$184,000

Requirements Analysis
up arrow 2%

Project Management
up arrow 3%

Data Analysis
up arrow 32%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 74 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
0%
1-4 years
4%
5-9 years
11%
10-19 years
61%
20 years or more
24%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 88%
vision benefits Vision: 76% employee benefits None: 3%