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.

$46,495 - $116,166
$46K
$83K
$120K
MEDIAN: $83,330
10%
50%
90%

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$0$125K
Salary $46,495 - $116,166
Bonus $1,987 - $15,514
Profit Sharing $0.00
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
  • Country: United States
  • Currency: USD
  • Updated: 9 Nov 2017
  • Individuals Reporting: 51

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.

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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.

About Chicago, Illinois

Cook County, Illinois
2,720,556
Male:
1,320,015 (48.5%)
Female:
1,400,541 (51.5%)
Chicago (/ʃᵻˈkɑːɡoʊ/ or /ʃᵻˈkɔːɡoʊ/), officially the City of Chicago, is the third-most populous city in the United States. With over 2.7 million residents, it is the most populous city in the state of Illinois and the Midwestern United States, and the county seat of Cook County. The Chicago metropolitan area, often referred to as Chicagoland, has nearly 10 million people and is the third-largest in the U.S. Chicago was incorporated as a city in 1837, near a portage between the Great Lakes and the Mississippi River watershed, and grew rapidly in the mid-nineteenth century. The city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation: O'Hare International Airport is the second-busiest airport in the world when measured by aircraft traffic; the region also has the largest number of U.S. highways and rail road freight. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research...
Chicago:
$50,702
Illinois:
$59,588
$985
Chicago:
$238,500
Illinois:
$180,300
6.3%

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)

Gender

Female
24 %
Male
76 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.
Less than 1 year
2%
1-4 years
40%
5-9 years
33%
10-19 years
19%
20 years or more
6%

Experience Affects Product Manager, (Unspecified Type) Salaries

Late-Career
▲22%

Mid-Career
▲15%

Experienced
▲10%

National Average
$91,000

▼15%

Skills That Affect Product Manager, (Unspecified Type) Salaries

Microsoft Office
▲24%

Project Management
▲17%

Strategic Planning
▲7%

Product Development
▲6%

Microsoft Excel
▼0%

National Average
$91,000


Business Analysis
▼10%

Market Research
▼21%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 6 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

Less than 1 year
2%
1-4 years
40%
5-9 years
33%
10-19 years
19%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 91%
dental benefits
Dental: 89%
vision benefits
Vision: 74%
no benefits
None: 9%