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.

$106,253 - $204,310
$110K
$160K
$200K
MEDIAN: $163,508
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
$106,253 - $204,310  
   
Bonus
$9,988 - $50,106  
Profit Sharing
$3,372 - $24,594  
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).
)
$119,585 - $240,155  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 560

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United States (change)

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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, 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

National Average: $184,810

Larger city markers indicate a job is popular in that 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.

Related Job Salaries

Key Stats for Vice President (VP), Product Management

Gender

Female
21 %
Male
79 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.
057
Less than 1 year
1%
1-4 years
5%
5-9 years
11%
10-19 years
57%
20 years or more
26%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Vice President (VP), Product Management Salaries



National Average
$185,000



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






Strategic Marketing
up arrow 3%

Software as a Service (SaaS)
up arrow 3%


National Average
$185,000



Requirements Analysis
up arrow 2%

Production Management
up arrow 11%

Business Strategy
up arrow 13%

Market Research
up arrow 24%

Data Analysis
up arrow 30%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.

Gender

Female
21 %
Male
79 %

Years of Experience

Less than 1 year
1%
1-4 years
5%
5-9 years
11%
10-19 years
57%
20 years or more
26%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 88%
vision benefits
Vision: 80%
dental benefits
None: 4%
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