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The differences between business planning managers and product managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a business planning manager and a product manager. Additionally, a business planning manager has an average salary of $115,251, which is higher than the $111,729 average annual salary of a product manager.
The top three skills for a business planning manager include business planning, competitive analysis and direct reports. The most important skills for a product manager are product management, QA, and product strategy.
| Business Planning Manager | Product Manager | |
| Yearly salary | $115,251 | $111,729 |
| Hourly rate | $55.41 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 133,931 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A business planning manager is responsible for overseeing the business management process and ensuring that the staff meets productivity goals and targets. Business planning managers recruit and train new staff, handle budgets for projects, and identify opportunities that would increase more revenue resources and profits for the business. They also coordinate with clients for updates and adjust business plans as needed. A business planning manager must have excellent communication and leadership skills to manage teams and achieve long-term objectives.
A product manager is responsible for ensuring product development, providing the best marketing strategies, and effectively handling the sales and marketing team. Product managers' duties include monitoring the market trends and conditions, identifying business opportunities and plan initiatives, and collaborating the product launch process with the appropriate departments. A product manager is also responsible for generating ideas on improving product features, determining timetables and reasonable pricing, and analyzing product sales. A product manager must have excellent strategic and decision-making skills to contribute to its growth and profitability.
Business planning managers and product managers have different pay scales, as shown below.
| Business Planning Manager | Product Manager | |
| Average salary | $115,251 | $111,729 |
| Salary range | Between $87,000 And $151,000 | Between $81,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Meta | Meta |
| Best paying industry | Finance | Retail |
There are a few differences between a business planning manager and a product manager in terms of educational background:
| Business Planning Manager | Product Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business planning managers' and product managers' demographics:
| Business Planning Manager | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 65.2% Female, 34.8% | Male, 65.3% Female, 34.7% |
| Race ratio | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% | Black or African American, 3.0% Unknown, 5.3% Hispanic or Latino, 8.7% Asian, 8.2% White, 74.6% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 10% |