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The differences between business product managers and senior business managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a business product manager, becoming a senior business manager takes usually requires 4-6 years. Additionally, a senior business manager has an average salary of $134,737, 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 senior business manager are analytics, project management, and portfolio.
| Business Product Manager | Senior Business Manager | |
| Yearly salary | $123,607 | $134,737 |
| Hourly rate | $59.43 | $64.78 |
| Growth rate | 10% | 6% |
| Number of jobs | 189,393 | 303,902 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Average age | 39 | 44 |
| Years of experience | 10 | 6 |
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 senior business manager oversees the daily operations in a company, ensuring efficiency and smooth workflow. Typically, their responsibilities revolve around directing and assessing workforce performance, setting company objectives and goals, and coordinating with different departments to be aware of any issues or concerns. It is also essential to devise strategies to find new sales opportunities, perform research and analysis to identify client needs, and promptly resolve any problems that may arise. Furthermore, as a senior business manager, it is essential to lead and encourage the workforce, all while implementing the company's policies and regulations.
Business product managers and senior business managers have different pay scales, as shown below.
| Business Product Manager | Senior Business Manager | |
| Average salary | $123,607 | $134,737 |
| Salary range | Between $88,000 And $173,000 | Between $96,000 And $187,000 |
| Highest paying City | San Francisco, CA | Hartford, CT |
| Highest paying state | California | Connecticut |
| Best paying company | Meta | Airbnb |
| Best paying industry | - | Professional |
There are a few differences between a business product manager and a senior business manager in terms of educational background:
| Business Product Manager | Senior Business Manager | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 71% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between business product managers' and senior business managers' demographics:
| Business Product Manager | Senior Business Manager | |
| Average age | 39 | 44 |
| Gender ratio | Male, 64.1% Female, 35.9% | Male, 64.4% Female, 35.6% |
| 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, 6.3% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 6.4% White, 67.0% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |