How much does a Product Manager make in Minneapolis-St. Paul, MN?

Updated Sep 15, 2022

Experience

Industry

$135,909 / yrTotal Pay
$108,026 / yrBase Pay
$27,883 / yrAdditional Pay

$135,909

 / yr
$83K$225K
Most Likely Range
Possible Range

The estimated total pay for a Product Manager is $135,909 per year in the Minneapolis-St. Paul, MN area, with an average salary of $108,026 per year. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated additional pay is $27,883 per year. Additional pay could include cash bonus, commission, tips, and profit sharing. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role.

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Total Pay Trajectory

For Product Manager in Minneapolis-St. Paul, MN

$135,909 /yr
Product Manager
$198,825 /yr
Lead Product Manager
See Full Career Path

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Related Job Titles

For Product Manager in Minneapolis-St. Paul, MN

Some related job titles are Director, Product Management Salaries with median pay of $270,506, Product Management Salaries with median pay of $151,269, Associate Product Manager Salaries with median pay of $81,461, Program Manager Salaries with median pay of $110,557.

Top Paying Companies

For a Product Manager in Minneapolis-St. Paul, MN

Below is the total pay for the top 10 highest paying companies for a Product Manager in Minneapolis-St. Paul, MN. Employers include Medtronic, Boston Scientific and Emerson.

1
Medtronic
$217,169/yr
10
Target
$186,381/yr
Total Pay Trajectory

For Product Manager in Minneapolis-St. Paul, MN

$135,909 /yr
Product Manager

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What are total pay estimates for a Product Manager at different companies in Minneapolis-St. Paul, MN?

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Infosys
3.3
Project ManagerSee 113 salaries from this location

$135,921

 / yr

$156,654

 / yr

$115,978

 / yr

$186,381

 / yr

$144,954

 / yr

$150,370

 / yr

$184,135

 / yr

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$131,479

 / yr

$110,138

 / yr

$167,080

 / yr

$142,025

 / yr

$118,358

 / yr

$179,358

 / yr

$201,684

 / yr

$170,667

 / yr

$130,759

 / yr

$185,384

 / yr

$162,609

 / yr

$161,210

 / yr

$197,835

 / yr
Download as data table
Viewing 1 - 20 of 1,260

Top Paying Industries

For a Product Manager in Minneapolis-St. Paul, MN

The top 5 paying industries for a Product Manager in Minneapolis-St. Paul, MN are Manufacturing with a median total pay of $217,127, Retail & Wholesale with a median total pay of $194,033, Financial Services with a median total pay of $192,577, Information Technology with a median total pay of $192,033, and Healthcare with a median total pay of $179,358.

IndustryTotal PayTotal Pay Insight
  • ManufacturingManufacturing$217,127

    11% Higher than other industries

  • Retail & WholesaleRetail & Wholesale$194,033

    0% Lower than other industries

  • Financial ServicesFinancial Services$192,577

    0% Lower than other industries

  • Information TechnologyInformation Technology$192,033

    1% Lower than other industries

  • HealthcareHealthcare$179,358

    8% Lower than other industries

Manufacturing

Top paying companies in Manufacturing for Product Manager are Medtronic, Boston Scientific, and Emerson.

MedtronicMedtronic$217,169/yr
EmersonEmerson$203,086/yr

Glassdoor Economist Pay Overview

What is the pay outlook for Product & Project Management?

Product and project management roles help companies operate efficiently, run programs and develop new products. Organization and communication skills are important for product and project managers. Experience and specialization within specific markets or products can help job seekers stand out. Additionally, product and project management roles are very diverse, so data, design or market research skills can help open up more opportunities.

How does the Product manager salary in Minneapolis-St. Paul, MN compare to the national average salary in US for the same job?

The average salary for a Product manager in US is $113,446 per year based on 33,496 salary contributions, which is 7.66% more than the salary for a Product manager in Minneapolis-St. Paul, MN. The cost of living and the local demand for the work are among the factors affecting wages. The top 3 companies in US where a Product manager gets the highest compensation are Cisco Systems, Inc., Bloomberg L.P. and Meta. Bigger companies typically pay 17.66% more than smaller companies for a Product manager.

What people are saying about Product Manager salaries

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Consulting Exit Opportunities

1y

a 

Product Management

Is capital one a good place to consider being a product manager? I’m desperately trying to exit a toxic work environment and I’m evaluating a capital one offer versus one from a rental app startup . Salary is super close for both but want to make sure I don’t run to the wrong company in an attempt to escape my current one Capital One

19

13 Comments

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Recent Salaries Shared

For product manager in Minneapolis-St. Paul, MN

Salary Share
Anonymously share your pay to help the community

Job Title

Location

Total Pay

Base Pay | Additional Pay

Total Years of Experience

Years at Recent Employer

Submitted

Date or Time

Product Manager

Minneapolis-St. Paul, MN

 | 10-14 years

$135,000

/yr

Submitted Yesterday

10-14 years
Yesterday
E-Learning Product Manager & Designer

Minneapolis-St. Paul, MN

 | 4-6 years

$99,000

/yr

$95K | $4K

Submitted Yesterday

4-6 years
Yesterday
Product Manager

Minneapolis-St. Paul, MN

 | 1-3 years

$85,000

/yr

$75K | $10K

Submitted Yesterday

1-3 years
Yesterday
Product Management

Minneapolis-St. Paul, MN

 | 15+ years

$135,000

/yr

$120K | $15K

Submitted 2 days ago

15+ years
2 days ago
Product Manager

Minneapolis-St. Paul, MN

 | 1-3 years

$142,250

/yr

Submitted 2 days ago

1-3 years
2 days ago
Product Manager

Minneapolis-St. Paul, MN

 | 4-6 years

$100,000

/yr

Submitted 3 days ago

4-6 years
3 days ago
Product Manager

Minneapolis-St. Paul, MN

 | 15+ years

$180,000

/yr

Submitted 3 days ago

15+ years
3 days ago
Product Manager

Minneapolis-St. Paul, MN

 | 1-3 years

$73,000

/yr

Submitted 3 days ago

1-3 years
3 days ago
Product Manager

Minneapolis-St. Paul, MN

 | 1-3 years

$70,000

/yr

Submitted 3 days ago

1-3 years
3 days ago

Product Manager pay FAQ in Minneapolis-St. Paul, MN

The average salary for a Product Manager is $108,026 per year in Minneapolis-St. Paul, MN. Salaries estimates are based on 56580 salaries submitted anonymously to Glassdoor by a Product Manager employees in Minneapolis-St. Paul, MN.

The highest salary for a Product Manager in Minneapolis-St. Paul, MN is $173,524 per year.

The lowest salary for a Product Manager in Minneapolis-St. Paul, MN is $67,250 per year.

If you are thinking of becoming a Product Manager or planning the next step in your career, find details about the role, the career path and salary trajectory of a Product Manager.

Product manager salaries vary widely with experience, education, geography, industry and firm. This pay range reflects the varying career backgrounds of product managers as well as the range of sectors in which they find employment. Candidates with an extensive background in engineering or business, or a graduate degree in a related field, generally receive higher salaries. Pay is expected to grow over the next decade, as the digital transformation pushes new firms to develop complex products which benefit from skilled oversight.

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Join thousands of real professionals anonymously talking about salaries in their industry

Approximately 75% of professionals are satisfied with their product manager salaries, according to Glassdoor's anonymous ratings. Factors that help qualify their salaries as good include compensation packages, profit sharing, and bonuses, which provide the potential to earn an additional $27,882.88 in income every year.

Join thousands of real professionals anonymously talking about salaries in their industry

The salary range for product manager positions falls between $83,422.42 and $224,550.00, with the average salary landing at $108,025.79 following the average product manager career path. You'll earn more from your role as a product manager once you gain several years of experience and master marketable skills in the industry. As a lead product manager, you can earn significantly more and gain leadership experience.

Learn more about negotiating salaries from thousands of other real professionals

Cement your professional credibility by getting certified. The Product Management Professional (PMP) certification requires 4,500 hours of experience, so it demonstrates a high level of job-specific knowledge and on-the-job success, leading to a higher salary as a product manager. You also have the option of becoming a Certified Product Marketing Manager through the Association of International Product Marketing & Management (AIPMM). Likewise, consider getting an advanced degree, such as a master's in product development or business management, to stand out among other applicants and cement your reputation as a professional. Gain experience and solid references, and you'll move toward a better product manager salary the longer you stay in the field.

With product manager positions, ask for solid examples of how you can work toward your goal number, such as demonstrating excellent leadership skills or leading the product development team.