Vice President (VP), Product Management Salary
An average VP of Product Management in the United States can expect to take home roughly $164K annually. Overall cash earnings for VPs of Product Management stretch from $120K on the lower end to $240K near the top, and the heftiest packages can encompass around $50K from bonuses and $25K from profit sharing. Career length is the biggest factor affecting pay for this group, followed by geography. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Job satisfaction for VPs of Product Management is high. Making up 79 percent of those who took the survey, male VPs of Product Management greatly outnumber their female counterparts. This report is based on responses to the PayScale salary survey.
|Salary||$106,253 - $204,310|
|Bonus||$9,988 - $50,106|
|Profit Sharing||$3,372 - $24,594|
|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).)
|$119,585 - $240,155|
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.Read More...
The vice president of product management is responsible for delegating a majority of the product development tasks to the proper teams and workers. Vice presidents of product management work with engineers, developers, architects, administrative assistants, and program managers, among others. This position is typically full time and takes place in an office setting. Vice presidents of product management may report to the chief technology officer (CTO) or the chief engineering officer (CEO), and they usually have many employees who directly report to them.
A vice president of product management job typically requires a bachelor's or master's degree in computer science, engineering, or another related field. A minimum of 15 years of computer software product development and previous management experience are generally required as well. Depending on the type of products produced by the company, additional technical knowledge or certifications may be needed as well. Additionally, a vice president of product management must possess strong oral and written communication skills, excellent interpersonal skills, and a creative mindset.
Vice President (VP), Product Management Tasks
- Manage product lifecycle for a portfolio of projects.
- Research and respond to market trends.
- Train and support new products and their sales and manufacturing teams.
- Track and report on risks, product evaluations and strategy decisions.
- Lead design and testing of new products, determining which projects should continue.
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Popular Skills for Vice President (VP), Product Management
Survey results imply that VPs of Product Management deploy a substantial tool kit of skills at work. Most notably, skills in Leadership, Strategy, Product Management, and Strategic Planning are correlated to pay that is above average, with boosts between 5 percent and 7 percent. Those listing Data Analysis as a skill should be prepared for drastically lower pay. Market Research and Business Strategy also typically command lower compensation. 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.
VPs of Product Management who reported more years of relevant experience also reported higher earnings. Salaries can reach six figures almost right off the bat; beginning workers who have less than five years' experience bring in a median of $121K per year. On average, VPs of Product Management make $192K following one to two decades on the job. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $205K.
Pay Difference by Location
For VPs of Product Management, Mountain View provides a pay rate that is 24 percent greater than the national average. VPs of Product Management can also look forward to large paychecks in cities like San Jose (+12 percent), Denver (+11 percent), Seattle (+11 percent), and San Francisco (+8 percent). The lowest-paying market is Austin, which sits 16 percent below the national average. Employers pay around 13 percent less in Charlotte and 10 percent less in New York, below-median salaries for those in this field.
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Key Stats for Vice President (VP), Product Management
Rated 5 out of 5
based on 65 votes.