How much does a Product Manager make?
Product Managers play a key role in guiding the development and success of a company's products. They work closely with different teams to ensure the product meets customer needs and business goals. The average yearly salary for a Product Manager is around $150,512. This salary can vary based on experience, location, and the industry.
The salary for Product Managers can range widely. The lowest 10% earn about $69,000 per year. The highest 10% earn over $265,000 annually. Most Product Managers fall somewhere in the middle, with salaries between $104,773 and $194,205. This range shows that with more experience and skills, Product Managers can earn significantly more.
What are the highest paying cities for a Product Manager?
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San Francisco, CA
Average Salary: $183,312
San Francisco offers a dynamic environment for those in the tech industry. With companies like Google and Salesforce, the city thrives on innovation. Professionals here enjoy a vibrant culture and a strong network of tech leaders.
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San Jose, CA
Average Salary: $176,691
San Jose is a hub for tech companies, including Apple and Cisco. Working here means being at the forefront of tech advancements. The city offers a mix of urban and suburban living, making it a great place to work and live.
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Seattle, WA
Average Salary: $172,847
Seattle is home to tech giants like Amazon and Microsoft. The city's culture values innovation and creativity. Professionals here benefit from a strong community and a healthy work-life balance.
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San Diego, CA
Average Salary: $167,646
San Diego offers a unique blend of tech and lifestyle. With companies like Qualcomm and Illumina, the city is a great place for tech professionals. The mild climate and beautiful beaches make it an attractive place to live.
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Los Angeles, CA
Average Salary: $163,494
Los Angeles is a major center for entertainment and tech. Companies like Warner Bros. and Dolby Labs offer exciting opportunities. The city's diverse culture and vibrant lifestyle make it a dynamic place to work.
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Austin, TX
Average Salary: $151,579
Austin is known for its tech scene and vibrant culture. Companies like Dell and Apple have a strong presence. The city offers a laid-back atmosphere with plenty of outdoor activities and a growing job market.
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Washington, DC
Average Salary: $151,315
Washington, DC, is a hub for tech and government. Companies like Amazon and Google have a strong presence. The city offers a mix of professional opportunities and a rich cultural scene.
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Dallas, TX
Average Salary: $146,522
Dallas is a growing tech hub with companies like AT&T and Texas Instruments. The city offers a mix of urban and suburban living. Professionals here enjoy a strong job market and a vibrant social scene.
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Hartford, CT
Average Salary: $146,225
Hartford offers a mix of tech and insurance industries. Companies like Aetna and Travelers provide diverse opportunities. The city offers a lower cost of living and a strong sense of community.
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Boston, MA
Average Salary: $145,804
Boston is a historic city with a strong tech presence. Companies like IBM and Fidelity offer exciting opportunities. The city's rich history and vibrant culture make it a unique place to work.
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What are the best companies a Product Manager can work for?
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Netflix
Average Salary: $402,316
Netflix is a global entertainment leader with a focus on streaming services. Product Managers at Netflix work on exciting projects that shape the future of entertainment. They operate in locations like Los Gatos, California, and offices worldwide.
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OpenAI
Average Salary: $299,268
OpenAI is at the forefront of artificial intelligence research. Product Managers here drive innovation in AI technology. They work in San Francisco, California, and collaborate with teams globally.
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SAP
Average Salary: $282,753
SAP is a leading enterprise software company. Product Managers at SAP focus on developing solutions that help businesses run smoothly. They operate in locations like Walldorf, Germany, and have offices worldwide.
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Whatnot
Average Salary: $257,500
Whatnot is a live-streaming shopping platform. Product Managers here create engaging shopping experiences. They work in New York, New York, and have a growing presence in the U.S.
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Intuit
Average Salary: $233,911
Intuit is known for its financial software like TurboTax and QuickBooks. Product Managers at Intuit develop tools that help people manage their finances. They operate in Mountain View, California, and have offices worldwide.
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ID.me
Average Salary: $231,600
ID.me is a digital identity network. Product Managers here focus on secure and efficient identity verification. They work in Alexandria, Virginia, and have a growing presence in the U.S.
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ByteDance
Average Salary: $229,685
ByteDance is the parent company of TikTok. Product Managers at ByteDance develop innovative features for social media platforms. They operate in Beijing, China, and have offices worldwide.
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Waymo
Average Salary: $224,574
Waymo is a leader in autonomous driving technology. Product Managers here work on cutting-edge self-driving car solutions. They operate in Mountain View, California, and have a growing presence in the U.S.
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Qualcomm
Average Salary: $219,877
Qualcomm is a global leader in wireless technology. Product Managers at Qualcomm develop innovative mobile solutions. They operate in San Diego, California, and have offices worldwide.
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Hewlett Packard Enterprise | HPE
Average Salary: $219,796
HPE is a technology company focused on enterprise solutions. Product Managers at HPE develop tools for businesses. They operate in Palo Alto, California, and have offices worldwide.
How to earn more as a Product Manager?
A Product Manager plays a key role in guiding a product from idea to market. This role often comes with a rewarding salary. However, there are several ways to increase earnings in this position. Understanding these factors can help a Product Manager earn more.
First, gaining experience is crucial. More experienced Product Managers often command higher salaries. This experience can come from working in different industries or on various types of products. Second, having a strong network can lead to better job opportunities. Networking with other professionals can open doors to higher-paying roles. Third, mastering key skills can make a Product Manager more valuable. Skills such as data analysis, market research, and project management are highly sought after. Fourth, taking on additional responsibilities can lead to higher pay. This might include leading larger teams or managing more complex projects. Finally, pursuing advanced degrees or certifications can also boost earnings. Degrees in business, management, or related fields can enhance a Product Manager's qualifications.
By focusing on these areas, a Product Manager can work towards earning more. Each step taken towards gaining experience, building a network, mastering skills, taking on responsibilities, and pursuing education can lead to higher pay.
- Gain experience in different industries or on various types of products.
- Build a strong network with other professionals.
- Master key skills such as data analysis, market research, and project management.
- Take on additional responsibilities, such as leading larger teams or managing complex projects.
- Pursue advanced degrees or certifications in business, management, or related fields.
