Senior Product Manager Salary

Generous salaries abound for Senior Product Managers in the United States, with average pay above six figures ($120K) per year. Cash earnings of Senior Product Managers — including $25K in bonuses, $20K in profit sharing proceeds, and $30K in commissions near the top of the pay scale — stretch from approximately $88K to approximately $166K depending on individual performance. The most influential factor affecting pay for this group is the specific employer, though the particular city and experience level have a (lesser) impact as well. Most Senior Product Managers report high levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. This overview is based on answers to PayScale's salary questionnaire.

$84,444 - $152,630
$84K
$120K
$150K
MEDIAN: $120,549
10%
50%
90%

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$20.98 - $88.85
$21
$67
$89
MEDIAN: $67.03
10%
50%
90%

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$0$167K
Salary $84,444 - $152,630
Bonus $4,452 - $25,356
Profit Sharing $0.00 - $20,322
Commission $7,742
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).
)
$89,240 - $167,878
  • Country: United States
  • Currency: USD
  • Updated: 5 Oct 2017
  • Individuals Reporting: 2,753
Hourly Data $0$88
Hourly Rate $20.98 - $88.85
Overtime $22.50
Annual Data $0$167K
Bonus $4,452 - $25,356
Commission $7,742
Profit Sharing $0.00 - $20,322
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).
)
$89,240 - $167,878
  • Country: United States
  • Currency: USD
  • Updated: 5 Oct 2017
  • Individuals Reporting: 31

Job Description for Senior Product Manager

A senior product manager handles many of the oversight duties involved in getting a product from the concept stage to the production stage; they also work to maximize product by foreseeing customer and market demands. Depending on their business' needs, this can include a number of different tasks. Typically, a senior product manager is in charge of ensuring that best practices are followed, goals are met, and projects and related operations are conducted effectively. Senior product managers are often in charge of coordinating marketing, sales, and other product-implementation strategies to ensure that operations are properly conducted. When it comes to product development, there are usually numerous stakeholders in the success of a product who may have differing visions for the product. A senior product manager serves as a liaison between stakeholders and the development/implementation teams. A senior project manager also must evaluate the market to find ways to better serve the customers and increase profitability.

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Senior Product Manager Tasks

  • Transform business and market strategies into do-able, defined product plans.
  • Lead market research and position conversations to ensure viable products and balanced growth.
  • Define and document product requirements and roadmaps for execution and sales.
  • Collaborate with cross-functional teams for every stage of product development.

Common Career Paths for Senior Product Manager


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Senior Product Managers may progress into high-paying roles like VP of Product Management, where median compensation is $180K annually. More often than not, a Product Management Director role is the next step for Senior Product Managers moving up in the field. Product Management Directors usually make $140K per year. Many other Senior Product Managers choose to take on a Marketing Director role, where salaries are typically $80K.

Senior Product Manager Job Listings

Popular Employer Salaries for Senior Product Manager


Many Senior Product Managers can be found at Amazon.com Inc, T-Mobile, Inc., General Electric Co (GE), Cisco Systems Inc, and Oracle Corp., firms that are at the top of the field. Hewlett-Packard Company offers the largest salaries in town — $180K on average. Other leaders in compensation levels are Genentech, Inc. at $166K, Cisco Systems Inc at $164K, and Google, Inc., where Senior Product Managers annually earn $162K.

Charles Schwab & Co., Inc., T-Mobile, Inc., and General Electric Co (GE) also scrape the bottom of the pay scale, with median earnings hovering around $109K, $115K, and $126K.

Popular Skills for Senior Product Manager


Survey results imply that Senior Product Managers deploy a deep pool of skills on the job. Most notably, skills in Strategy, Agile Software Development, End User Requirements Research, and Program Management are correlated to pay that is above average. At the other end of the pay range are skills like Microsoft Excel, Project Management, and Marketing Management. For most people, competency in Product Development indicates knowledge of Business Strategy, Product Marketing, and End User Requirements Research.

Pay by Experience Level for Senior Product Manager

Pay by Experience for a Senior Product Manager has a positive trend. An entry-level Senior Product Manager with less than 5 years of experience can expect to earn an average total compensation of $118,000 based on 606 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Product Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $127,000 based on 1,196 salaries. An experienced Senior Product Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $131,000 based on 1,219 salaries. A Senior Product Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $131,000 based on 333 salaries.

Pay Difference by Location

National Average: $128,999

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

For Senior Product Managers, California means bigger paychecks — those in Palo Alto, San Jose, and San Francisco earn more than Senior Product Managers in the rest of the country. Atlanta is the lowest-paying area, 11 percent south of the national average. Not at the bottom but still paying below the median are employers in Dallas and Portland (8 percent less).

Senior Product Manager Reviews

Q: What is it like working as a Senior Product Manager?

Senior Product Manager in San Francisco:
"Samya's salary investigation."
Pros: The challenge.
Cons: Working with mediocre talent, organizational dysfunction.

Related Job Salaries

Key Stats for Senior Product Manager

Gender

Female
31 %
Male
69 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 354 votes.
Less than 1 year
0%
1-4 years
14%
5-9 years
33%
10-19 years
41%
20 years or more
12%

Experience Affects Senior Product Manager Salaries

▲2%

▲2%

National Average
$129,000

▼2%

▼8%

Skills That Affect Senior Product Manager Salaries

▲3%







National Average
$129,000

Product Marketing
▼2%

Business Development
▼2%







Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 354 votes.

Gender

Female
31 %
Male
69 %

Years of Experience

Less than 1 year
0%
1-4 years
14%
5-9 years
33%
10-19 years
41%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 88%
vision benefits
Vision: 80%
no benefits
None: 5%