Vice President (VP), Product Management Salary

The average VP of Product Management in the United States earns approximately $166K annually. In the world of VPs of Product Management, overall income ranges from $121K near the bottom to $242K at the top; this can include more than $50K from bonuses and more than $25K from profit sharing in exceptional cases. Location is the biggest factor affecting pay for this group, followed by experience level. Medical benefits are awarded to nearly all, and most earn dental coverage. Job satisfaction is high and work is enjoyable for most VPs of Product Management. Male VPs of Product Management far outnumber their female contemporaries among those who completed the questionnaire. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$110,015 - $207,302
$110K
$170K
$210K
MEDIAN: $165,769
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$90K$180K$270K
Salary
$110,015 - $207,302  
   
Bonus
$10,024 - $50,144  
Profit Sharing
$2,027 - $24,703  
Commission
$23,966  
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).
)
$121,290 - $241,634  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 531

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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

  • 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, Strategic Planning, and Product Marketing are correlated to pay that is above average, with boosts of 7 percent, 6 percent, 5 percent, and 5 percent, respectively. Those listing Data Analysis as a skill should be prepared for drastically lower pay. Market Research and Business Strategy also typically command lower compensation. Most people experienced in Product Development also know Product Marketing and Project Management.

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

Pay by Experience for a Vice President (VP), Product Management has a positive trend. An entry-level Vice President (VP), Product Management with less than 5 years of experience can expect to earn an average total compensation of $127,000 based on 46 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Vice President (VP), Product Management with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $161,000 based on 119 salaries. An experienced Vice President (VP), Product Management which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $192,000 based on 367 salaries. A Vice President (VP), Product Management with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $211,000 based on 150 salaries.

Pay Difference by Location

National Average: $187,240

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

For VPs of Product Management, above-average compensation can be found in California — Palo Alto, Mountain View, and San Jose are known as the cities with the best salaries for VPs of Product Management. One of the biggest compensable factors for VPs of Product Management is geography, with workers in Austin earning a whopping 24 percent below the national average. Workers in New York and Chicago earn salaries that trail the national average for those in this profession (11 percent less and 8 percent less, respectively).

Related Job Salaries

Key Stats for Vice President (VP), Product Management

Gender

Female
19 %
Male
81 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.
Less than 1 year
1%
1-4 years
5%
5-9 years
11%
10-19 years
55%
20 years or more
28%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Product Management Salaries

▲13%

▲2%

National Average
$187,000

▼14%

▼32%

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

▲7%

▲6%





Strategic Marketing
▲1%

Software as a Service (SaaS)
▲1%

National Average
$187,000



Requirements Analysis
▼4%


Business Strategy
▼15%

Market Research
▼25%

Data Analysis
▼31%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 61 votes.

Gender

Female
19 %
Male
81 %

Years of Experience

Less than 1 year
1%
1-4 years
5%
5-9 years
11%
10-19 years
55%
20 years or more
28%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 89%
vision benefits
Vision: 81%
no benefits
None: 4%