Product Manager, (Unspecified Type) in Chicago, Illinois Salary
The average salary for a Product Manager, (Unspecified Type) in Chicago, Illinois is $81,195 per year. The skills that increase pay for this job the most are Microsoft Office and Project Management.
|Salary||$46,495 - $116,166|
|Bonus||$1,987 - $15,514|
|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).)
|$48,827 - $125,865|
Job Description for Product Manager, (Unspecified Type)
Generally speaking, product managers are in charge of supervising the production aspects of a given product or products. They are responsible for reaching product goals while following strict safety standards. In addition, they must have leadership skills to solve problems, guide their team and motivate their workers. They will also often train current and new production workers regarding rules and using certain technology and equipment. They also may manage expenses according to their area of responsibility and create performance reports on a regular basis. Product managers can also oversee product line budgets and make important financial decisions. They generally report their performance to the product director of their organization. They can also develop sales strategies, training materials and develop effective product plans in order to increase overall sales. They cooperate with other departments in their organization to achieve common company objectives.Read More...
Their environment can be varied, and product managers can work in an office setting or at a production plant depending on the company product. One of their main tools is a personal computer. In addition, they should have strong knowledge and experience working with office programs, such as Word, Excel and PowerPoint. They usually also have knowledge of specialized programs or software that is used within their field. They are required to monitor inventory, and order new supplies when needed. They can contribute to product marketing initiatives with ideas and solutions. They may also provide field assistance to vendors and clients to create and maintain business relationships. They should have a great attitude when working in a team environment with other managers. They should also have strong oral and written communication abilities. These types of positions usually require proven managerial experience in a similar role. A four year degree in business management or a related field to product design and management is usually the educational prerequisite. Additional leadership certifications are also usually a plus. (Copyright 2017 PayScale.com)
Product Manager, (Unspecified Type) Tasks
- Determine the demand for products and services offered by a firm and its competitors.
- Oversee product development and monitor trends that indicate the need for new products and services.
- Develop pricing strategies to maximize the firm's profits and market share.
Product Manager, (Unspecified Type) Job Listings
Pay by Experience Level for Product Manager, (Unspecified Type)
Pay by Experience for a Product Manager, (Unspecified Type) has a positive trend. An entry-level Product Manager, (Unspecified Type) with less than 5 years of experience can expect to earn an average total compensation of $77,000 based on 18 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Product Manager, (Unspecified Type) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $104,000 based on 17 salaries. An experienced Product Manager, (Unspecified Type) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $100,000 based on 11 salaries. A Product Manager, (Unspecified Type) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $111,000 based on 8 salaries.
Key Stats for Product Manager, (Unspecified Type)
Rated 5 out of 5
based on 6 votes.