Vice President (VP), Product Management Salary

Compensation for VPs of Product Management in the United States is generous, with average pay surpassing six figures annually ($160K). Including potential for bonuses and profit sharing — peaking near $51K and $40K, respectively — total cash payment to VPs of Product Management can bottom out near $119K or peak near $241K depending on individual performance. Geography and tenure each impact pay for this group, with the former having the largest influence. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. For the most part, VPs of Product Management enjoy their work and report high levels of job satisfaction. Making up 78 percent of those who took the survey, male VPs of Product Management greatly outnumber their female counterparts. This overview is based on answers to PayScale's salary questionnaire.

$107,135 - $203,611
(Median)
$110K
$160K
$200K
MEDIAN: $159,634
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
$107,135 - $203,611  
   
Bonus
$9,833 - $50,853  
Profit Sharing
$2,483 - $40,268  
Commission
$24,000  
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).
)
$119,277 - $240,744  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 755
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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


Survey results imply that VPs of Product Management deploy a substantial tool kit of skills at work. Most notably, facility with Strategy, Business Strategy, and Leadership are correlated to pay that is significantly above average, leading to increases of 23 percent, 20 percent, and 10 percent, respectively. Those listing Data Analysis as a skill should be prepared for drastically lower pay. Software Development Management 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.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Survey participants with less than five years' experience pocket $123K on average, but those with five to 10 years of experience enjoy a much bigger median of $158K. VPs of Product Management bring in $191K after working for 10 to 20 years. VPs of Product Management with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $194K.

Pay Difference by Location

National Average: $183,032

Larger city markers indicate a job is popular in that location.

California is a land of opportunity for VPs of Product Management. The state is home to the top three paying cities in the field, with Palo Alto, San Francisco, and San Jose all offering salaries above the national rate. Location significantly influences compensation, with Salt Lake City VPs of Product Management earning much less — 22 percent less — than the national average. Chicago and Atlanta are a couple other places where companies are known to pay below the median — salaries are 11 percent lower and 10 percent lower, respectively.

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Experience Affects Vice President (VP), Product Management Salaries



National Average
$183,000



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

Strategy
up arrow 23%

Business Strategy
up arrow 20%


Product Management
up arrow 4%

People Management
up arrow 4%

Strategic Marketing
up arrow 4%

Software as a Service (SaaS)
up arrow 4%

Strategic Planning
up arrow 3%

Product Marketing
up arrow 3%

Production Management
up arrow 2%

Product Development
up arrow 1%

National Average
$183,000

Requirements Analysis
up arrow 1%


Software Development Management
up arrow 17%

Data Analysis
up arrow 30%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 108 votes.

Gender

Female
22 %
Male
78 %

Years of Experience

Less than 1 year
1%
1-4 years
3%
5-9 years
12%
10-19 years
57%
20 years or more
27%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 87%
medical benefits
Vision: 77%
dental benefits
None: 5%
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