A senior product manager creates delightful products to ensure a brighter financial future for the organization and to simplify life for customers. And if you’re hiring Product Managers, you’re going to want to make an appealing offer, but also look beyond salary to find other ways to attract and retain Product talent in today’s economy. Senior product managers also ensure that best practices for customer excellence are followed and resources are available to help achieve goals and objectives. They need a thorough understanding of the market and the sales process to adjust strategies to serve customers better. Other than the salary, the additional cash compensation is $13,522, on average, and the typical programmer range is $4,264 to $35,349.
What Do Senior Product Managers Do?
In 2014, the average senior product manager earned $109,236 annually, but today, they earn $133,868 a year. That works out to a 8% change in pay for senior product managers over the last decade. Senior product manager salaries at Roku and Credit Karma are the highest-paying according to our most recent salary estimates. In addition, the average senior product manager salary at companies like The Citadel and ICE Mortgage Technology are highly competitive.
Senior Product Manager Salary in India
- Senior product manager salaries at Roku and Credit Karma are the highest-paying according to our most recent salary estimates.
- They will also be significantly different based on an individual’s knowledge, expertise, experience, and education.
- This range can vary depending on the industry, company size, global brand, and location.
- A mid-career Senior Product Manager with 5-9 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of ₦7,900,000 based on 10 salaries.
- In top tech companies or major metropolitan areas, total compensation packages, including bonuses and stock options, can exceed $300,000.
- Perhaps the most crucial aspect of their job is to be able to analyze data from several perspectives and make decisions based on insights.
Certain industries, such as mobile-first technology and the eCommerce industry, have given a new meaning to the job title. Senior product manager salary is impacted by location, education, and experience. A Senior Product Manager typically earns between $130,000 and $180,000 annually in the United States.
- Today, senior product managers have to work with cutting-edge tech, software engineers, and many innovative new technology products.
- The average senior product manager salary has risen by $24,632 over the last ten years.
- The average additional cash compensation of senior product manager salaries primarily depends on the individual’s experience.
- The job title of Senior Product Manager encompasses overseeing product development, leading cross-functional teams like sales teams, and ensuring alignment with business objectives.
- The best way to make sure you’re getting the right compensation for a senior product manager’s salary is to surf sites like Glassdoor, PayScale, and Salary.com.
Senior Product Manager jobs in US
Senior Product Manager salaries are based on responses gathered by Built In from anonymous Senior Product Manager employees in US. Senior product managers oversee all the products in any product line and all the product-related processes. They’re actively involved in product development, product strategy, product vision, business strategy, product roadmap, and the entire product lifecycle. Exponent is helping thousands of product managers ace interviews at FAANG companies–check out their courses, sample interview questions, 1-1 coaching, and mock interviews.
As a result, salaries for senior product managers range from $82,000 to $165,000. The average total compensation also depends on the industry, company, and products being managed. On the individual’s side, their product management experience matters the most. Furthermore, their education, such as a Bachelor’s degree or more, counts along with previous experience (for example, if they were a financial analyst, a SaaS project manager, and others). The highest-paying cities for senior product managers are San Francisco, CA, Seattle, WA, and Portland, OR.
The Hard Truth About Product Management Salaries in 2025
A senior product manager’s salary ranges from $98,000 a year at the 10th percentile to $182,000 at the 90th percentile. The salaries above may be subject to change depending on the company, industry, the state you live in, and other factors. They will also be significantly different based on an individual’s knowledge, expertise, experience, and education. According to Glassdoor, the national average salary for a senior product manager in the United States is $123,895. The average additional cash compensation for a Senior Product Manager in US is $29,403. The average total compensation for a Senior Product Manager in US is $185,026.
Wage gap by gender, race and education
The highest salaries for Senior Product Managers can reach upwards of $200,000 to $250,000 annually, especially in leading tech companies and high-demand markets. Total compensation packages, including substantial bonuses and stock options, can push these figures even higher. Senior roles at prestigious companies or in key market positions often offer the most lucrative packages.
I’ve been applying to like 5-10 jobs everyday for the past 6 months and getting like a 1% hit rate. This could be at the high level of the mission of the company, but it can also be at the more everyday level of solving interesting problems and working on challenges that feel important. Not every company is trying to change the world, and that’s OK, but the purpose of the work PMs are doing should be clearly communicated. You’ll be able to develop a rough idea of whether you’re earning what you’re worth. I’ve got solid projects and a decent resume, with 1 internship in a mid-sized tech company but here I am unable to get anything as a new grad. Learn strategic job description crafting, effective sourcing, competitive compensation, thorough screening, and successful onboarding.
Skills that affect Senior Product Manager salaries in US
The highest-paying states for senior product managers are California, Washington, and Oregon. The lowest average senior product manager salary states are Hawaii, Kansas, and Alabama. Most product manager jobs today tend to be tech-oriented due to the abundance of the SaaS business model. This trend has prompted senior product managers to work in tandem with engineering managers, software engineers, and development specialists.