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Vice President (VP), Product Management Salary

In a profession for which the median take-home is approximately $182K, approximately one-fourth of overall earnings for VPs of Product Management arrives through commissions. Including potential for bonuses and profit sharing — peaking near $51K and $25K, respectively — total cash payment to VPs of Product Management can bottom out near $120K or peak near $238K depending on individual performance. Residence is the biggest factor affecting pay for this group, followed by tenure. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. Making up 76 percent of those who took the survey, male VPs of Product Management greatly outnumber their female counterparts. Job satisfaction is reported as high by the vast majority of workers. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$108,586 - $201,421
(Median)
$110K
$160K
$200K
MEDIAN: $157,850
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$80K$160K$240K
Salary
$108,586 - $201,421  
   
Bonus
$9,672 - $51,018  
Profit Sharing
$721 - $25,089  
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).
)
$119,636 - $237,963  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 553

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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.

Vice President (VP), Product Management Job Listings

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Popular Skills for Vice President (VP), Product Management


Survey results imply that VPs of Product Management deploy a deep pool of skills on the job. Most notably, facility with Strategy, Leadership, and Software as a Service (SaaS) are correlated to pay that is significantly above average, leading to increases of 31 percent, 12 percent, and 9 percent, respectively. Those listing Data Analysis as a skill should be prepared for drastically lower pay. Business Development and Project Management also typically command lower compensation. For most people, competency in Product Development indicates knowledge of 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.


New workers enjoy hefty six-figure paychecks when they take on this position — $147K per year is the median for people who claim less than five years' experience. VPs of Product Management with one to two decades of relevant experience report an average salary of approximately $188K. VPs of Product Management who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $186K.

Pay Difference by Location


For VPs of Product Management, working in the bustling city of Palo Alto has its advantages, including an above-average pay rate. VPs of Product Management can also look forward to large paychecks in cities like Dallas (+12 percent), San Jose (+12 percent), Washington (+11 percent), and San Francisco (+10 percent). Location is a huge contributor to overall pay, with VPs of Product Management in Salt Lake City earning a whopping 20 percent below the national average. A couple other locations with smaller-than-average paychecks include Chicago and Atlanta (18 percent lower).

Related Job Salaries

United States (change)

Experience Affects Vice President (VP), Product Management Salaries



National Average
$182,000



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

Strategy
up arrow 31%

Leadership
up arrow 12%

Software as a Service (SaaS)
up arrow 9%

Business Strategy
up arrow 8%

Production Management
up arrow 5%

Strategic Marketing
up arrow 4%

Product Development
up arrow 3%

Product Marketing
up arrow 3%

People Management
up arrow 3%

Strategic Planning
up arrow 2%

Product Management
0%

National Average
$182,000

Requirements Analysis
up arrow 1%

Project Management
up arrow 4%

Business Development
up arrow 14%

Data Analysis
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 82 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

Less than 1 year
0%
1-4 years
4%
5-9 years
12%
10-19 years
57%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 88%
vision benefits Vision: 77% employee benefits None: 3%
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