Product manager salary (2024)

The average salary for a product manager is $121,000.

Product managers across varying years of experience and locations around the country make an average salary of $121,000 annually. The average Product Manager salary can fluctuate based on experience and location.

Entry-level product managers on average can make over $65,000 per year at the top of the market whereas senior-level workers can make on average over $201,000 per year.

These averages are based on salary alone, not including equity or other compensation.

For a more in-depth look at salaries based on Wellfound job data, check out our unique, dynamic salary tool which allows you to customize your salary estimate based on your role, location, skills, and market.

How much money do product managers make?

Product manager pay by experience level

Depending on your location and level of education, your salary as a product manager may vary. It’s worth noting that experience level is one of the top determinants of pay. Read below to learn the different salaries for product managers based on their level of experience.

• Entry-level product managers earn an average salary of $65,000 annually.
• Mid-level product managers can earn an average of $141,000 annually.
• Senior-level product managers see an average salary of $200,000 annually.

The highest average salary a Product Manager in Technology can get is with 7+ years experience at $141,000. The salary range varies with years of experience and depends on other factors such as skill set, size of company, and industry.

Remote product manager trends

Recent data has shown that 67% of product managers chose to work remotely, with over half of Wellfound product manager job postings being remote.

What are the best-paying cities for product managers?

Trying to decide where to pursue your next role? Look no further:

Below are the top cities that pay the highest average salaries according to Wellfound data.

• Austin, TX - Average salary: $175,000 - 44% higher than national average.
• Los Angeles, CA - Average salary: $175,000 - 44% higher than national average.
• Seattle, WA - Average salary: $160,000 - 24% higher than national average.
• Cambridge, MA - Average salary: $145,000 - 20% higher than national average.
• San Diego, CA - Average salary: $140,000 - 16% higher than national average.
• Santa Monica, CA - Average salary: $140,000 - 16% higher than national average.

Top product manager skills

Product management involves many facets of business, which requires product managers to be familiar with product development with consumer needs in mind. Skills that are in high demand for product managers include, but aren’t limited to, the following:

• Agile product development
• Market research
• Product discovery and definition
• Leadership
• UX best practices
• Time management
• Product strategy
• Ability to take initiative
• Roadmap development
• Owning projects from start to finish
• Product rollout and launch strategy
• Organized communication
• Product lifecycle management

Frequently asked questions

What is a good salary for a product manager?

A good salary for a product manager depends on their level of experience and location, but the average product manager salary is $121,000.

What is the career path for a product manager?

The career path for a product manager can often overlap with the route and background of CEOs. Common pathways to becoming a product manager include engineering, consulting, business operations, product marketing management, or MBA programs. The most traditional career path for product managers is listed below.

1. Associate product manager
2. Product manager
3. Senior product manager
4. Director of product management
5. VP of product management
6. Chief product officer

If a product manager role interests you, check out the open product manager positions on Wellfound.

Related job salaries

• Account Executive. The average salary for an account executive is $100,000.
• Marketing Manager. The average salary for a marketing manager is $90,000.
• Account Manager. The average salary for an account manager is $80,000.

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