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.
|Salary||$110,015 - $207,302|
|Bonus||$10,024 - $50,144|
|Profit Sharing||$2,027 - $24,703|
|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|
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.
Vice President (VP), Product Management Job Listings
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
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).
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Key Stats for Vice President (VP), Product Management
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