What does a Product Manager do?

Product managers are responsible for the strategy and blueprint of a product or product line. They're tasked with finding the why, what, and when of a product, and they communicate its business value to a product team in a clear, concise way to ensure the team understands the purpose behind the new product or release. They lead the product team and all aspects from the conception of the product to its launch.

Product managers oversee the development and improvement of products and understand the customer experience to create product prices and determine potential future requirements. They present market forecasts and implement the project’s profit and loss estimates. Often, they serve at the intersection between business technology and user experience. They examine the markets and customer demands alongside the competition to influence a product’s vision. They execute strategic and tactical roles within a company and pivot between different functions. They look after the product to achieve its business goals and to maximize the return on investment. Product managers need a bachelor's degree in business, management, or related fields.

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Average Years of Experience

0 - 1
4%
2 - 4
41%
5 - 7
46%
8+
9%

Common Skill Sets

Javascript
Business Case Development
Agile
SPARK
English Language
Python
Collaboration
SAP PLM

Product Manager Seniority Levels

L2
Product Manager
$112,055/yr
L4
Product Line Manager
9% made the transition
Product Marketing Manager
12% made the transition
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Product Manager Salaries

Average Base Pay

$112,070 /yr
Same as national average
Not including cash compensation
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$73K
Median: $112K
$173K
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Glassdoor Estimated Salary

Product Manager Jobs