Vice President (VP), Product Management Salary

The average VP of Product Management in the United States earns approximately $157K per year. Total cash earnings of VPs of Product Management range from $118K on the low end to $233K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $51K and $25K, respectively. Geographic location and career length each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a fair number. Making up 75 percent of those who took the survey, male VPs of Product Management greatly outnumber their female counterparts. The majority of VPs of Product Management claim high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.

$107,339 - $199,215

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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$80K$160K$240K
Salary
$107,339 - $199,215  
   
Bonus
$9,649 - $50,553  
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).
)
$118,463 - $232,761  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 603
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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.

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Popular Skills for Vice President (VP), Product Management


VPs of Product Management seem to exploit a large range of skills on the job. Lucky workers who know Strategy can expect a significant pay bump, scoring salaries 33 percent above average. Leadership and Business Strategy are also correlated to pay that is above average, with increases between 9 percent and 33 percent. 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.


Those in the early stages of their career can expect to make around $130K; however, individuals with five to 10 years of experience bring in $159K on average — a distinctly larger sum. VPs of Product Management bring in $186K after working for 10 to 20 years. Individuals who have achieved more than 20 years of experience don't seem to earn any more than people who have 10 to 20 years under their belts.

Pay Difference by Location


For those looking to make money, VPs of Product Management in Palo Alto enjoy an exceptional pay rate, 26 percent above the national average. VPs of Product Management will also find cushy salaries in San Jose (+12 percent), Dallas (+11 percent), San Francisco (+10 percent), and Washington (+7 percent). Location is a huge contributor to overall pay, with VPs of Product Management in Salt Lake City earning a whopping 22 percent below the national average. Employers also pay below the national average in Chicago (17 percent lower) and Minneapolis (9 percent lower).

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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 33%


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%

Strategic Planning
up arrow 2%

Product Management
up arrow 2%

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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