VPs of Product Management in the United States pull down an average of $162K annually. Total cash compensation for VPs of Product Management runs from $120K to $240K depending on bonuses that can occasionally exceed $50K and profit sharing that can reach almost $25K. Location is the biggest factor affecting pay for this group, followed by career duration. Medical benefits are awarded to nearly all, and most earn dental coverage. Male VPs of Product Management are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. For the most part, VPs of Product Management enjoy their work and report high levels of job satisfaction. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$106,392 - $203,745
(Median)
$110K
$160K
$200K
MEDIAN: $161,505
10%
50%
90%

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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$80K$160K$240K
Salary
$106,392 - $203,745  
   
Bonus
$10,057 - $49,858  
Profit Sharing
$2,250 - $24,632  
Commission
$22,000  
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).
)
$120,070 - $239,887  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 568
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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 exploit a large range of skills on the job. 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 Production 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.


VPs of Product Management who reported more years of relevant experience also reported higher earnings. Individuals who have worked for fewer than five years report earning $120K on average, a generous six-figure sum for those just starting out. On average, VPs of Product Management make $192K following one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $204K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $184,085

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

For VPs of Product Management, busy Mountain View offers a higher-than-average pay rate, 24 percent above the national average. VPs of Product Management can also look forward to large paychecks in cities like Seattle (+17 percent), Denver (+13 percent), Dallas (+10 percent), and Los Angeles (+10 percent). VPs of Product Management' salaries are heavily influenced by location — VPs of Product Management in Salt Lake City bring in salaries that are 22 percent lower than the national average. Workers in Austin and Charlotte earn salaries that trail the national average for those in this profession (16 percent less and 13 percent less, respectively).

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Experience Affects Vice President (VP), Product Management Salaries



National Average
$184,000



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




Strategic Planning
up arrow 4%

Product Marketing
up arrow 4%

Business Strategy
up arrow 4%

Strategic Marketing
up arrow 3%

Software as a Service (SaaS)
up arrow 3%

People Management
up arrow 1%

National Average
$184,000

Product Development
up arrow 1%

Project Management
up arrow 2%

Requirements Analysis
up arrow 2%

Production Management
up arrow 10%

Market Research
up arrow 24%

Data Analysis
up arrow 30%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.

Gender

Female
23 %
Male
77 %

Years of Experience

Less than 1 year
1%
1-4 years
4%
5-9 years
12%
10-19 years
57%
20 years or more
27%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 88%
medical benefits
Vision: 79%
dental benefits
None: 5%
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