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The differences between business product managers and product management directors 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 management director. Additionally, a product management director has an average salary of $156,724, which is higher than the $123,607 average annual salary of a business product manager.
The top three skills for a business product manager include product management, project management and market research. The most important skills for a product management director are product management, product strategy, and cloud.
| Business Product Manager | Product Management Director | |
| Yearly salary | $123,607 | $156,724 |
| Hourly rate | $59.43 | $75.35 |
| Growth rate | 10% | 10% |
| Number of jobs | 189,393 | 170,460 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 70% |
| 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 Management Director is responsible for a business product planning as well as execution throughout the life cycle of the business. They create the product strategy and requirements, develop and execute tactical plans, and maintain product and market knowledge.
Business product managers and product management directors have different pay scales, as shown below.
| Business Product Manager | Product Management Director | |
| Average salary | $123,607 | $156,724 |
| Salary range | Between $88,000 And $173,000 | Between $112,000 And $219,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Meta |
| Best paying industry | - | Technology |
There are a few differences between a business product manager and a product management director in terms of educational background:
| Business Product Manager | Product Management Director | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between business product managers' and product management directors' demographics:
| Business Product Manager | Product Management Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 77.1% Female, 22.9% |
| 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% |