Being a product manager is a coveted job opportunity among freshly minted graduates and those looking to change careers. And why not? Glassdoor listed it among the top five jobs in the United States for 2020.
Why is the product manager role so hot? This career offers high-job satisfaction, compensation, and job growth.
The best part is that while salaries in this space start at around $60,000 per year, they can skyrocket to nearly $200,000 per year, depending on location, experience, expertise, and scarcity of skill, reports Glassdoor.
Running the Numbers: Product Manager Salary Ranges for 2020
The product manager role offers incredible earning potential. Below, we’ve found the national salary ranges, according to Glassdoor, for some of the most common roles in product management.
Technical Product Manager
Role: Focuses on the core product features and specifications and implements technology decisions with the goal of enhancing product capabilities.
Average Annual Technical Product Manager Salary: $63,200
Technical Program Manager (Also Known as Scrum Master in Agile Product Development)
Role: Coordinates with and manages multiple internal and external teams and stakeholders to resolve dependencies, ensure adherence to product development schedule, and facilitate timely product delivery.
Read our post on evaluating the best product management methodology for your business.
Average Annual Technical Program Manager Salary: $78,136
Associate Product Manager
Role: Learns, understands, and applies product design and development basics, analyzes product data, supports UI design and brainstorming for/management of new ideas for features and product enhancements.
Average Annual Associate Product Manager Salary: $96,010
Product Marketing Manager
Role: Collaborates with product and marketing teams, manages product launches, explains product features and capabilities to customers, guides content marketing efforts.
Average Annual Product Marketing Manager Salary: $106,000
Role: Takes charge of the product strategy, the roadmap, design, and development, collaborates with and manages cross-functional teams such as product development, marketing, and customer support and success.
Average Annual Product Manager Salary: $109,000
Group Product Manager
Role: Leads and directs product managers in charge of a group/ line of products, supports the research, strategy, and development of these products.
Average Annual Group Product Manager Salary: $109,000
Senior Product Manager
Role: Leads junior product managers, collaborates with higher product leaders, contributes to product strategy, oversees tactical execution of product requirements.
Average Annual Senior Product Manager Salary: $124,000
Director, Product Management
Role: Helps build product teams, enhances product development processes and create new ones, improves the overall product team’s performance, analyzes and leverages product data to affect better product decisions, guides product teams to adhere to overall product strategy and achieve product success.
Average Annual Director of Product Management Salary: $149,000
VP, Product Management
Role: Responsible for the overall product strategy and deciding which products should be developed to ensure maximum business value and the alignment of cross-functional teams (including design, tech, development, marketing, sales, and support).
Average Annual VP of Product Management Salary: $181,000
Chief Product Officer
Role: Responsible for pan-organizational product activities, setting an overall product strategy in line with the company vision and goals, and managing product profit & loss.
Average Annual Chief Product Officer Salary: $195,000
Train to be a Product Manager Today
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