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Associate product manager hiring summary. Here are some key points about hiring associate product managers in the United States:
Here's a step-by-step associate product manager hiring guide:
An associate product manager is someone who assists the product development teams in the development of new product features. The duties of an associate include formulation of product strategies, collection of quantitative product data, and interpretation of consumer feedback. The requirements to qualify for the position include a bachelor's degree in computer science, marketing, business management, or a related field, the ability to maintain strong customer relations, and excellent communication skills.
First, determine the employments status of the associate product manager you need to hire. Certain associate product manager roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
Hiring the perfect associate product manager also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.
Here's a comparison of associate product manager salaries for various roles:
| Type of Associate Product Manager | Description | Hourly rate |
|---|---|---|
| Associate Product Manager | Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with art directors, sales agents, and financial staff members. | $31-58 |
| Product Lead | A product lead is responsible for monitoring the development of new products and services of an organization, starting from brand conceptualization to official market release and distribution. Product leads identify effective product management by conducting data analysis and evaluating market statistics of customer demands... Show more | $41-78 |
| Product Director | The duties of a product director depend on one's place or industry of employment. Typically, their responsibilities revolve around overseeing the product development operations to ensure smooth flow and efficiency, devise strategies to improve processes, gather relevant data such as sales and customer feedback, and coordinate with different departments in developing new products and services... Show more | $50-101 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $115,798 | $56 |
| 2 | Washington | $100,440 | $48 |
| 3 | New Jersey | $93,875 | $45 |
| 4 | Virginia | $90,943 | $44 |
| 5 | New York | $89,761 | $43 |
| 6 | District of Columbia | $88,466 | $43 |
| 7 | Georgia | $88,088 | $42 |
| 8 | Massachusetts | $87,623 | $42 |
| 9 | Pennsylvania | $87,399 | $42 |
| 10 | Maryland | $86,981 | $42 |
| 11 | Utah | $85,710 | $41 |
| 12 | North Carolina | $82,281 | $40 |
| 13 | Arizona | $81,683 | $39 |
| 14 | Texas | $81,185 | $39 |
| 15 | Missouri | $80,794 | $39 |
| 16 | Minnesota | $80,418 | $39 |
| 17 | Ohio | $79,040 | $38 |
| 18 | Illinois | $78,262 | $38 |
| 19 | Indiana | $77,292 | $37 |
| 20 | Nebraska | $74,671 | $36 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $146,081 | $70.23 | 575 |
| 2 | $133,687 | $64.27 | 267 | |
| 3 | Yelp | $131,139 | $63.05 | |
| 4 | Roofstock | $130,326 | $62.66 | 3 |
| 5 | Penske Media | $127,504 | $61.30 | |
| 6 | Bed Bath & Beyond | $127,011 | $61.06 | |
| 7 | Walmart | $125,955 | $60.56 | 132 |
| 8 | StubHub | $125,582 | $60.38 | 10 |
| 9 | Santander Private Banking International | $123,069 | $59.17 | 2 |
| 10 | Chewy | $122,544 | $58.92 | 4 |
| 11 | Toast | $122,532 | $58.91 | 9 |
| 12 | Shopkick | $122,496 | $58.89 | |
| 13 | J.P. Morgan | $120,384 | $57.88 | |
| 14 | iCapital Network | $120,345 | $57.86 | 1 |
| 15 | Microsoft | $119,961 | $57.67 | 191 |
| 16 | Duolingo | $118,686 | $57.06 | 21 |
| 17 | Vista Equity Partners | $117,995 | $56.73 | 2 |
| 18 | Instacart | $117,558 | $56.52 | 8 |
| 19 | Blue Apron | $116,826 | $56.17 | |
| 20 | Invesco | $115,993 | $55.77 | 3 |
A job description for an associate product manager role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an associate product manager job description:
To find associate product managers for your business, try out a few different recruiting strategies:
To successfully recruit associate product managers, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the associate product manager position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new associate product manager. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Hiring an associate product manager comes with both the one-time cost per hire and ongoing costs. The cost of recruiting associate product managers involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of associate product manager recruiting as well the ongoing costs of maintaining the new employee.
The median annual salary for associate product managers is $89,963 in the US. However, the cost of associate product manager hiring can vary a lot depending on location. Additionally, hiring an associate product manager for contract work or on a per-project basis typically costs between $31 and $58 an hour.