How much does a Product Manager make?

The average salary for a Product Manager is $156,313 per year in United States. Salaries estimates are based on 67539 salaries submitted anonymously to Glassdoor by a Product Manager employees in United States.

The highest salary for a Product Manager in United States is $204,856 per year.

The lowest salary for a Product Manager in United States is $120,514 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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Approximately 74% 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 $31,080.99 in income every year.

The salary range for product manager positions falls between $95,425.69 and $259,505.90, with the average salary landing at $125,232.28 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.

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, completing professional certification puts you in a prime place to negotiate. The same applies to advanced education and extensive experience in the field. If you've just received a job offer, use previous professional roles to demonstrate how your education, experience, and skills came into play while you were on the job. While you can reasonably ask for a raise within 20% of your existing product manager salary (if you're bargaining from an established position), 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.