Vice President (VP), Product Management Salary

Median pay for VPs of Product Management in the United States is around $157K per year. With some bonuses approaching $50K and certain profit sharing proceeds approaching $25K, overall incomes of VPs of Product Management spread between $119K and $233K depending on individual performance. Geography and years of experience each impact pay for this group, with the former having the largest influence. 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. The majority of VPs of Product Management claim high levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$108,457 - $199,410
(Median)
$110K
$160K
$200K
MEDIAN: $157,167
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
$108,457 - $199,410  
   
Bonus
$9,690 - $50,477  
Profit Sharing
$1,184 - $25,342  
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).
)
$119,370 - $233,077  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 595
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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


VPs of Product Management seem to require a rather large skill set. Most notably, facility with Strategy, Leadership, and Business Strategy are correlated to pay that is significantly above average, leading to increases of 32 percent, 10 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. Most people familiar with Product Development also know 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.


Substantial, six-figure paychecks show up early in this area; folks who have worked for fewer than five years report earning a median of $132K. For VPs of Product Management, 10 to 20 years of experience on the job amounts to an average salary of $186K. VPs of Product Management who surpass 20 years on the job report pay that isn't higher than those with 10 to 20 years.

Pay Difference by Location


Surpassing the national average by 25 percent, VPs of Product Management in Palo Alto receive some of the highest pay in the country. VPs of Product Management will also find cushy salaries in Dallas (+13 percent), San Jose (+12 percent), San Francisco (+10 percent), and Washington (+7 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 Chicago and Minneapolis earn salaries that trail the national average for those in this profession (17 percent less and 9 percent less, respectively).

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Experience Affects Vice President (VP), Product Management Salaries



National Average
$181,000



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

Strategy
up arrow 32%


Business Strategy
up arrow 9%

Strategic Marketing
up arrow 5%

Software as a Service (SaaS)
up arrow 5%

Product Development
up arrow 3%

Product Marketing
up arrow 3%

People Management
up arrow 3%

Product Management
up arrow 2%

Strategic Planning
up arrow 1%

Production Management
0%

Requirements Analysis
0%

National Average
$181,000


Business Development
up arrow 17%

Data Analysis
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 84 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
0%
1-4 years
4%
5-9 years
12%
10-19 years
56%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 89%
vision benefits Vision: 78% employee benefits None: 3%
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