Sr. Product Manager, Software Salary

The Golden State offers the largest salaries to Senior Product Managers of Software; the three top-paying cities in the field are San Jose, San Francisco, and Los Angeles. Final cash compensation to Senior Product Managers of Software varies from around $97K to approximately $171K; choice pay grades include potential for bonuses and profit sharing as high as $25K and $23K, respectively. Location is the main element affecting pay for this group — the specific employer and experience level are driving factors as well. The majority of Senior Product Managers of Software claim high levels of job satisfaction. Male Senior Product Managers of Software are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to a strong majority. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$91,508 - $154,337
$92K
$120K
$150K
MEDIAN: $123,362
10%
50%
90%

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$25.83 - $85.57
$26
$71
$86
MEDIAN: $71.40
10%
50%
90%

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$0$171K
Salary $91,508 - $154,337
Bonus $3,945 - $25,157
Profit Sharing $1,973 - $30,319
Commission $11,000
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).
)
$94,141 - $171,620
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 634
Hourly Data $0$85
Hourly Rate $25.83 - $85.57
Overtime $26.00
Annual Data $0$171K
Bonus $3,945 - $25,157
Commission $11,000
Profit Sharing $1,973 - $30,319
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).
)
$94,141 - $171,620
  • Country: United States
  • Currency: USD
  • Updated: 19 Nov 2017
  • Individuals Reporting: 18

Job Description for Sr. Product Manager, Software

Senior software product managers are responsible for managing the development cycle and release process for software products in their organization. They generally oversee other software developers to reach all company goals. They define road maps that establish schedules for development, and implement features required by the organization. Senior software product managers must create effective strategies for decreasing the use of company resources and strive to reduce the time they need to revise code and ship a program that is bug-free. Additionally, they often serve as a liaison between the business and technical departments within their organization.

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Sr. Product Manager, Software Tasks

  • Define products internally and for customers by collaborating with development and marketing teams.
  • Track and document progress and goals across all products.
  • Conduct market research and respond by creating appropriate products, technical specifications, and product descriptions.
  • Schedule and manage release cycles and product launches.

Common Career Paths for Sr. Product Manager, Software


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For Senior Product Managers of Software, progressing to a Senior Product Management Director role may result in a significant raise. On average, a Senior Product Management Director can earn $167K annually. Going from Senior Product Manager of Software to Product Management Director is the transition that occurs most often in this field, where the paychecks are $140K. Many others choose to work as Marketing Directors, where pay is typically $80K.

Sr. Product Manager, Software Job Listings

Popular Employer Salaries for Sr. Product Manager, Software


Cisco Systems Inc offers the highest compensation with a median salary of $166K.

Popular Skills for Sr. Product Manager, Software


Survey results imply that Senior Product Managers of Software deploy a substantial tool kit of skills at work. Most notably, skills in Software as a Service, Big Data Analytics, Cloud Computing, and Business Strategy are correlated to pay that is above average, with boosts between 6 percent and 10 percent. Most people familiar with Product Development also know Strategic Planning and Project Management.

Pay by Experience Level for Sr. Product Manager, Software

Pay by Experience for a Sr. Product Manager, Software has a positive trend. An entry-level Sr. Product Manager, Software with less than 5 years of experience can expect to earn an average total compensation of $122,000 based on 121 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Sr. Product Manager, Software with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $131,000 based on 269 salaries. An experienced Sr. Product Manager, Software which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $136,000 based on 315 salaries. A Sr. Product Manager, Software with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $138,000 based on 76 salaries.

Pay Difference by Location

National Average: $132,225

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

Senior Product Managers of Software can earn above-average salaries when they head west to California. Specifically, San Jose, San Francisco, and Los Angeles represent the three top-paying cities for Senior Product Managers of Software in the United States. The lowest-paying market is Salt Lake City, which sits 15 percent below the national average. Not at the bottom but still paying below the median are employers in Raleigh and Portland (13 percent lower and 10 percent lower, respectively).

Sr. Product Manager, Software Reviews

Q: What is it like working as a Sr. Product Manager, Software?

Sr. Product Manager, Software in Austin:
"Not For The Faint Of Heart."
Pros: You are at the center of the business. Everything involved with turning product into revenue and profit is in your purview. There is massive amount of experience in all areas of operation of the business.
Cons: Only for those that can operate with extreme interruption. Time management is incredibly important as there will always be more demand on you than you have hours in the day.

Related Job Salaries

Key Stats for Sr. Product Manager, Software

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 89 votes.
1-4 years
12%
5-9 years
31%
10-19 years
44%
20 years or more
12%

Experience Affects Sr. Product Manager, Software Salaries

▲4%

▲3%

National Average
$132,000

▼1%

▼8%

Skills That Affect Sr. Product Manager, Software Salaries






Strategic Planning
▼0%

User Interface Design
▼0%

National Average
$132,000






▼2%



Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 89 votes.

Gender

Female
29 %
Male
71 %

Years of Experience

1-4 years
12%
5-9 years
31%
10-19 years
44%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 86%
vision benefits
Vision: 78%
no benefits
None: 5%