Lean on the dataĪny product manager worth their salt would never make a case without data to back it up.
Not blown away by that initial offer? Here are three tips to strengthen your position when you go back for more: 1. 3 Tips for Negotiating Your Product Management Salary It also gives you a little more leverage because these salaries aren’t theoretical-it’s what companies are willing to pay for a similar job this very moment. It doesn’t include “legacy” salaries that might be in place from better or worse economic climates. Although the range is just that, a spread of the minimum and maximum they’re willing to pay (and nothing is stopping a hiring company from going above or below those numbers), it gives a great snapshot of what people are saying they’re willing to pay right now.īecause the market for talent is so dynamic, these current listings are just as valuable as the Glassdoor-style info.
While not every job posting includes a salary range, many do. Beyond salary infoīeyond current salary info, you can also look at Indeed and LinkedIn to see what’s being advertised in posted job listings. Some people are at the high end and others on the lower side, so expecting the “average” amount may be a stretch depending on your experience and the company’s finances. And remember that any metric you find is going to be part of a range of salaries. Therefore make sure your benchmarking is as specific as possible to your experience along with the job, company, and location you’re negotiating about. Companies in more expensive markets pay more and more senior positions, obviously command a higher rate. Not surprisingly, you can infer that more prominent companies pay more. Indeed, the average product manager makes $87K in Tampa and $91K in St. An average Product Manager is getting $89K in Pittsburgh, and a Director makes $129K.Īnd Glassdoor isn’t your only source for this info. Move those jobs to Dallas, and now a Product Manager averages $105K, and the average Director pulls in $151K. For a Senior Product Manager, it’s $167K and for a Director, it’s $194K.Īnd, of course, location is a massive factor in compensation. For example, for Associate Product Managers in San Francisco, the average is $105K. Assume that job is at a smaller company (0-50 employees), and it’s down to $100K. But drop your experience level to 0-1 years, and the average dips to $120K. But before you see a number and establish that as your touchstone, be sure to drill down a bit and make it more specific to your location and experience level.įor example, according to Glassdoor’s “Product Manager,” salaries in San Francisco average $140K per year. Glassdoor is an excellent source of salary information. Luckily there are lots of ways to get this information and use it to inform your negotiating position. There are two great ways to find out what a reasonable product management salary looks like for the job you want: current salary info and job postings.
What is a Typical Product Management Salary? But product managers must do their homework before entering into a salary negotiation to hammer out a deal both sides can feel good about. Like anyone else in the organization, they provide value and deserve fair compensation reflecting their responsibilities, expertise, and track record. And since product managers have such a varied skillset and background, it’s tough to find a “going rate” for the industry.īut that doesn’t mean product managers should take what they’re offered and be happy to get it. It can be tricky to assign an actual dollar value to what they do. This is further complicated because product managers can’t be successful independently the job relies on many other people and groups to get the final product out the door.
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Here’s How to Effectively Negotiate Your Product Management Salary Whether it’s because some companies don’t have an established product management culture or because the role can differ significantly from place to place, product management candidates have a tough time knowing what the suitable pay range should be for the job they’re interested in. Salary negotiation isn’t easy in any profession, but it can be particularly tricky in product management.
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