The most noticeable gap is during the crucial 11-15 years span. Women only making 2% less than men during years three through five and 3% less during years six through ten. On average most female product managers make 7% less than their male peers.Īfter that, things become somewhat more equitable. This discrepancy begins right out of the gate. This leads to the crop of candidates for higher-paying senior positions skewing more male.Įxamining the actual product management salary data, on average women make 7% less than men in this field in the U.S. Since women abandon the discipline sooner than their male peers, they’re less commonly found in senior roles.Ĥ1% of women leave technology after ten years while only 17% of men depart at a similar juncture. Women’s Product Manager Salary GapĪlthough women actually outnumber men in the junior ranks of product management, things tend to change after the five-year marker. Since women still trail men considerably when it comes to studying computer science in college, male candidates have fared better and increased their share of the market. However, more organizations have placed an increased value on technical product management and product managers with computer science degrees. At one point, it was nearly an even split. It wasn’t always the case that men held a disproportionate number of product management jobs. This uneven gender split increases the higher up you go, as women occupy 36% of the senior roles while men occupy 64%. Men on average make 7% more than women in product management. This sadly remains the case for product management, as well. Women have faced an uphill battle to receive fair compensation. The pay gap between male and female employees performing similar functions is an issue across the entire workforce. Gender Considerations and Racial Disparities Product professionals with 15+ years of experience make an average of $154,000 each year in the United States. Those with the most years under their belt are also unsurprisingly the folks bringing home the biggest paychecks. While those with 10-15 years of experience receive an annual salary of $134,000 on average.
Workers with 6-10 years of product management experience make an average of $116,000 per year. Getting past those initial five years results in a big jump in pay. Those with two-to-five years of experience bring in an average of $88,000 annually. Newly minted product managers in their first two years on the job make $74,000 per year on average. While this isn’t particularly shocking, seniority pays dividends when it comes to compensation. product manager salary is higher than in any other market.
It’s important to note that on average in the U.S. Note that the numbers in this article are specific to product management professionals in the United States. This information is powerful for career decisions and offer letters. Now everyone from aspiring product managers to seasoned veterans to executive leaders has access to this benchmark data. ProductPlan collected salary-related information from respondents for our 2021 State of Product Management Annual Report.
Data paints a more complete picture of the full range of compensation packages offered to product management professionals at various career stages and locations.
Using this data, everyone can understand what’s fair versus unreasonable. That’s why industry benchmarks are extremely helpful for all parties involved. As there are likely far fewer workers performing those functions than there are engineers or salespeople, for example. It’s particularly critical for product management. But for many product managers salary is a huge component in whether they’ll accept an offer or not.įor employees, job hunters, and hiring managers, it’s essential to have good information when considering salaries for any job. An interesting subject matter, challenging work, work environment, growth potential, benefits… these are just some of the factors product management professionals consider when taking or staying in a job.