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How much does a Product Manager make?

The average salary for a Product Manager is $144,938 per year in the US.

Product managers play a key role in guiding a product from idea to market. They work with different teams to make sure the product meets customer needs and business goals. This important role comes with a good salary. The average yearly salary for a product manager is around $144,938. This means that most product managers earn between $64,500 and $250,000 each year.

The salary can vary based on several factors. These include the industry, company size, and location. For example, product managers in tech companies often earn more than those in other industries. Companies in big cities like San Francisco or New York usually offer higher salaries. Experience and education also play a big role. More experienced product managers and those with advanced degrees often earn higher salaries. This makes the role of a product manager both rewarding and lucrative.

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What are the highest paying cities for a Product Manager?

Job seekers looking for top-paying Product Manager positions should consider cities like San Francisco, San Jose, and Seattle. These cities offer some of the highest average salaries for Product Managers. San Francisco leads with an average salary of $176,953, followed by San Jose at $176,279, and Seattle at $166,542. Other cities with competitive salaries include San Diego, Los Angeles, and Washington, DC. These cities provide attractive compensation packages for Product Managers. San Diego offers an average salary of $161,829, Los Angeles $158,897, and Washington, DC $147,101.
Graph displaying highest paying cities salaries for Product Manager jobs, highlighting San Francisco, CA with the highest at $176,953 and Rochester, MN with the lowest at $141,193.
  1. San Francisco, CA
    Average Salary: $176,953
    San Francisco offers a dynamic environment for those in the tech industry. With companies like Google and Salesforce, professionals can expect to work on cutting-edge projects. The city's vibrant culture and networking opportunities make it a great place for career growth.
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  2. San Jose, CA
    Average Salary: $176,279
    San Jose is known as the heart of Silicon Valley. It is home to tech giants like Apple and Intel. Working here means being at the forefront of innovation. The city offers a strong support system for tech professionals.
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  3. Seattle, WA
    Average Salary: $166,542
    Seattle is a hub for tech companies like Amazon and Microsoft. The city's innovative spirit and beautiful surroundings make it an attractive place to work. Professionals here enjoy a good work-life balance and a thriving community.
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  4. San Diego, CA
    Average Salary: $161,829
    San Diego offers a mix of tech and biotech opportunities. Companies like Qualcomm and Illumina are prominent here. The city's mild climate and quality of life make it a desirable place to live and work.
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  5. Los Angeles, CA
    Average Salary: $158,897
    Los Angeles is a major center for entertainment and tech. With companies like Disney and Electronic Arts, there are diverse opportunities. The city's vibrant culture and lifestyle add to the appeal of working here.
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  6. Washington, DC
    Average Salary: $147,101
    Washington, DC, is a hub for government and tech companies. Working here means being part of influential projects. The city's rich history and cultural events provide a unique backdrop for professionals.
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  7. Austin, TX
    Average Salary: $146,166
    Austin is known for its tech boom and live music scene. With companies like Dell and Apple, it offers many opportunities. The city's laid-back atmosphere and outdoor activities make it a fun place to work.
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  8. Hartford, CT
    Average Salary: $145,097
    Hartford is a growing tech hub with companies like United Technologies. It offers a mix of traditional industries and new tech ventures. The city's historic charm and community feel make it a welcoming place to work.
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  9. Dallas, TX
    Average Salary: $141,256
    Dallas is a major center for business and tech. Companies like AT&T and Texas Instruments offer diverse opportunities. The city's vibrant culture and strong economy make it an attractive place to work.
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  10. Rochester, MN
    Average Salary: $141,193
    Rochester is known for its healthcare and tech industries. With Mayo Clinic and IBM, it offers stable and innovative work. The city's friendly community and quality of life make it a great place to live and work.
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What are the best companies a Product Manager can work for?

Job seekers looking for top-paying Product Manager roles should consider companies like Netflix, OpenAI, and Roblox. These companies offer competitive salaries with Netflix leading at $410,446. Next, OpenAI and Roblox provide average salaries of $309,327 and $265,887, respectively. Other notable companies include SAP, StubHub, and Intuit, all offering salaries above $230,000. ByteDance, Yelp, and Hewlett Packard Enterprise also provide attractive compensation packages. These companies value skilled product managers and are willing to invest in the right talent.
Graph displaying best paying company salaries for Product Manager jobs, highlighting Netflix with the highest at $410,446 and NVIDIA with the lowest at $223,262.
  1. Netflix
    Average Salary: $410,446
    Netflix offers exciting Product Manager roles across its global offices. The company is known for its innovative approach to streaming services. Locations include Los Gatos, California, and offices worldwide.


  2. OpenAI
    Average Salary: $309,327
    OpenAI provides dynamic Product Manager positions focused on AI technology. The company operates in San Francisco, California, and other key locations.


  3. Roblox
    Average Salary: $265,887
    Roblox offers Product Manager roles that focus on game development and user experience. The company is based in San Mateo, California, with offices in several other countries.


  4. SAP
    Average Salary: $245,300
    SAP provides Product Manager roles in enterprise software solutions. The company operates in Walldorf, Germany, and has offices in many other locations.


  5. StubHub
    Average Salary: $242,143
    StubHub offers Product Manager roles in the ticketing industry. The company is based in San Francisco, California, and has offices in several other countries.


  6. Intuit
    Average Salary: $239,716
    Intuit offers Product Manager roles in financial software. The company is based in Mountain View, California, and has offices in many other locations.


  7. ByteDance
    Average Salary: $234,474
    ByteDance offers Product Manager roles in social media and content platforms. The company is based in Beijing, China, and has offices in several other countries.


  8. Hewlett Packard Enterprise | HPE
    Average Salary: $233,717
    HPE offers Product Manager roles in enterprise technology. The company is based in Palo Alto, California, and has offices in many other locations.


  9. Yelp
    Average Salary: $228,375
    Yelp offers Product Manager roles in local services and reviews. The company is based in San Francisco, California, and has offices in several other countries.


  10. NVIDIA
    Average Salary: $223,262
    NVIDIA offers Product Manager roles in graphics and computing technology. The company is based in Santa Clara, California, and has offices in many other locations.

How to earn more as a Product Manager?

A Product Manager plays a key role in the success of a product. They need to balance many tasks and skills. This role can lead to a rewarding career with good pay. Here are some ways to increase earnings as a Product Manager.

First, gaining experience is crucial. More experienced Product Managers often earn more. They have learned how to make better decisions and lead teams more effectively. Working on successful projects can also lead to higher pay. Companies value managers who have a track record of success.

  1. Education: Higher education can lead to higher pay. A master’s degree in business or a related field can be very helpful.
  2. Certifications: Certifications in product management can boost earnings. They show a commitment to the profession.
  3. Skills: Strong skills in areas like data analysis, marketing, and project management can lead to higher pay. These skills make a Product Manager more valuable.
  4. Networking: Building a strong network can lead to better job opportunities. Networking can help find higher-paying roles.
  5. Location: Pay can vary by location. Some cities offer higher salaries for Product Managers.

Currently 2,496 Product Manager job openings, nationwide.

How's the job market for a Product Manager in the US?

Learn what a Product Manager does, how to become one, and understand the job outlook. Get simple steps to start your career as a Product Manager today.
Position
Overview
Product Manager
2,496 Job Openings