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The differences between business product managers and product leads 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 product manager and a product lead. Additionally, a business product manager has an average salary of $123,607, which is higher than the $118,828 average annual salary of a product lead.
The top three skills for a business product manager include product management, project management and market research. The most important skills for a product lead are product management, project management, and architecture.
| Business Product Manager | Product Lead | |
| Yearly salary | $123,607 | $118,828 |
| Hourly rate | $59.43 | $57.13 |
| Growth rate | 10% | 10% |
| Number of jobs | 189,393 | 95,557 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A business product manager is primarily in charge of overseeing a company's product and service development procedures, ensuring quality and marketability. Their responsibilities typically revolve around gathering and analyzing data to understand and identify product requirements, coordinating with the engineering and quality control teams, determining the marketing opportunities, managing the roadmaps, and developing strategies to meet the consumers' needs. Furthermore, as a business product manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
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. They coordinate with the clients on their specifications and requirements, including the budget limit and timely deliverables. A product lead manages the brand promotion on media platforms, creating content that adheres to the target audience.
Business product managers and product leads have different pay scales, as shown below.
| Business Product Manager | Product Lead | |
| Average salary | $123,607 | $118,828 |
| Salary range | Between $88,000 And $173,000 | Between $86,000 And $163,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Airbnb |
| Best paying industry | - | Hospitality |
There are a few differences between a business product manager and a product lead in terms of educational background:
| Business Product Manager | Product Lead | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business product managers' and product leads' demographics:
| Business Product Manager | Product Lead | |
| Average age | 39 | 39 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 71.1% Female, 28.9% |
| 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% |