Explore inside the financial prospects of product managers, indicating average salaries in the US, factors affecting pay scales and the pathway to progress from product owner to product manager.
Do product managers make a lot of money?
We’re a global company with our home base in Silicon Valley, so let’s check out some typical Product Management salaries in the US, as of 2023: Associate Product Manager (APM): Average Salary: $80,000 / year. Product Owner (PO): Average Salary: $95,822 / year. Product Manager (PM): Average Salary: $110,422 / year.
What is the highest salary for a product owner?
Very High Confidence means the data is based on a large number of latest salaries. Product Owner salary in India ranges between ₹ 8.2 Lakhs to ₹ 33.9 Lakhs with an average annual salary of ₹ 18.5 Lakhs. Salary estimates are based on 7.8k latest salaries received from Product Owners.
Why product managers are paid more?
As expected, as you gain more work experience as a PM, you can expect higher salaries due to increments. At this stage, it’s also important to note that by the way of lateral hiring or internal promotions, you can become a Senior Product Manager (or higher) and earn an even greater base salary.
Is it easy to transition from product owner to product manager?
By following these steps, transitioning from a product owner to a product manager can become an achievable goal. It requires dedication, hard work, and an understanding of the product manager role, but it is possible to make a successful transition with the right approach.