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Vice President (VP), Product Management Salary

A substantial slice of final earnings for VPs of Product Management (slightly less than a third) arrives through commissions. Median overall income in this area is approximately $182K. 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 $119K or peak near $237K depending on individual performance. Geography and years of experience each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. For the most part, VPs of Product Management enjoy their work and report high levels of job satisfaction. Generally, women make up less than a third of all VPs of Product Management who answered the questionnnaire. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$107,170 - $201,440
(Median)
$110K
$160K
$200K
MEDIAN: $157,196
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
$107,170 - $201,440  
   
Bonus
$9,732 - $50,937  
Profit Sharing
$2,500 - $25,434  
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).
)
$118,672 - $237,230  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 541

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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 wield many skills on the job. Most notably, facility with Business Strategy, Leadership, and Production Management are correlated to pay that is significantly above average, leading to increases of 29 percent, 11 percent, and 6 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. Those proficient in Product Development are, more often than not, 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.


New workers enjoy hefty six-figure paychecks when they take on this position — $133K per year is the median for people who claim less than five years' experience. VPs of Product Management who work for 10 to 20 years in their occupation tend to earn about $188K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $184K on average.

Pay Difference by Location


Surpassing the national average by 21 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 Seattle (+19 percent), San Jose (+13 percent), Dallas (+13 percent), and Washington (+12 percent). Compared to the national average, Salt Lake City VPs of Product Management have considerably lower salaries, 20 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Not at the bottom but still paying below the median are employers in Atlanta and Chicago (17 percent lower and 16 percent lower, respectively).

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

Business Strategy
up arrow 29%

Leadership
up arrow 11%

Production Management
up arrow 6%

Strategic Marketing
up arrow 5%

Product Marketing
up arrow 4%

Strategic Planning
up arrow 3%

Product Development
up arrow 2%

People Management
up arrow 1%

National Average
$182,000

Product Management
up arrow 1%

Requirements Analysis
up arrow 1%


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
23 %
Male
77 %

Years of Experience

Less than 1 year
0%
1-4 years
4%
5-9 years
13%
10-19 years
57%
20 years or more
26%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 87%
vision benefits Vision: 76% employee benefits None: 4%