![]() A number of factors influence that number: job title, years of experience, geography, and skill set, for example. That ranks #23 on the list of highest paying occupations that the BLS tracks. What is a Product Manager’s Earning Potential?Īccording to our findings, the average annual salary for a product management professional is $147,680 before taxes. While there are lots of product opportunities in the San Francisco area, product professionals can be found in plenty of other metropolitan areas, including New York, Los Angeles, Seattle, Boston, Chicago, and Denver. However, 61% have at least half of their career experience in product. Only 12% of survey respondents are “product lifers,” having spent their full careers in product. You also don’t have to build your career entirely within the product industry. The fact that humanities and social sciences are common majors busts the myth that you have to have a highly technical background to go into product management. The most common majors we see are business (23%), computer science/engineering (15%), social sciences (15%), other engineering (12%), and humanities (10%). In our survey, the median executive product professional is 41 years old, while the median C-level executive in the overall workforce is 51. The median age of a product professional in the United States is 33, while the median age of the overall U.S. To get a sense of the product management cohort, we surveyed where product professionals live and what their educational backgrounds, ages, skill sets, and years of experience are. Who Are Product Management Professionals? With this information, product professionals can benchmark their compensation levels, and businesses can build effective teams that attract the best product talent. We found that product is an attractive role, and for many professionals, it’s the logical next step to accelerate their career. With the help of our partner Product School, we surveyed over 1,500 product management professionals to fill in the gaps. ![]() Bureau of Labor Statistics (BLS), which tracks over 1,000 occupations, isn’t even clocking product management as a career path. They are the frontline in an enterprise’s leap to digital-first.īut there isn’t much data about these professionals-how much they make, where they live, what they look for in an employer. Some even say we are in the “ golden age” of product management. Product managers make our essential, everyday digital products possible.
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