Vice President (VP), Product Management Salary

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.

The vice president of product management is responsible for delegating a majority of the product development tasks to the proper teams and workers. Vice presidents of product management work with engineers, developers, architects, administrative assistants, and program managers, among others. This position is typically full time and takes place in an office setting. Vice presidents of product management may report to the chief technology officer (CTO) or the chief engineering officer (CEO), and they usually have many employees who directly report to them.

A vice president of product management job typically requires a bachelor's or master's degree in computer science, engineering, or another related field. A minimum of 15 years of computer software product development and previous management experience are generally required as well. Depending on the type of products produced by the company, additional technical knowledge or certifications may be needed as well. Additionally, a vice president of product management must possess strong oral and written communication skills, excellent interpersonal skills, and a creative mindset. (Copyright 2017 PayScale.com)

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.

For VPs of Product Management, top-notch salaries can be found in California: Palo Alto, Mountain View, and San Jose offer exceptional salaries — better than the national average for those in this field and higher than any other city in the United States. Location significantly influences compensation, with Austin VPs of Product Management earning much less — 25 percent less — than the national average. Workers in New York and Chicago earn salaries that trail the national average for those in this profession (12 percent less and 10 percent less, respectively).