Explore the ins and outs of the lucrative career of product management and how factors like experience, location, and skills affect your potential earnings.
Can product managers make good money?
Product management is a well-paid job and has a high level of job satisfaction. The product manager’s salary is primarily based on years of experience, job location and skills. The average annual salary for product managers can range from $61,000 to $200,000 per year.
What is the highest paying product manager salary?
Salary Ranges for Product Managers The salaries of Product Managers in the US range from $28,000 to $525,000 , with a median salary of $111,000 .
Why does product management pay so well?
Demand vs supply: if there is an abundance of Product Manager roles but very few people coming forward, then demand outweighs the supply, making the wage higher to attract potential applicants.
Is product manager a high position?
Product managers are mid-level roles. While you don’t necessarily have to have a direct product management background, you should have professional experience and demonstrable skills in communication, leadership, and strategy.