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The differences between chief product officers and product managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a chief product officer, becoming a product manager takes usually requires 8-10 years. Additionally, a chief product officer has an average salary of $134,865, which is higher than the $111,729 average annual salary of a product manager.
The top three skills for a chief product officer include CPO, patrol and patients. The most important skills for a product manager are product management, QA, and product strategy.
| Chief Product Officer | Product Manager | |
| Yearly salary | $134,865 | $111,729 |
| Hourly rate | $64.84 | $53.72 |
| Growth rate | 6% | 10% |
| Number of jobs | 145,190 | 125,678 |
| Job satisfaction | 4 | 5 |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 72% |
| Average age | 52 | 39 |
| Years of experience | - | 10 |
A chief product officer (CPO) is an executive professional who is responsible for managing a company's product management team to create products that can deliver sustainable value to both customers and the business. This executive must lead the strategic product direction, which includes product vision, design, development, and marketing. To get insights from the needs of customers, this executive is required to initiate various types of customer research to use it to differentiate products from competitors. This chief product officer must also take part in exhibitions to present products to the audience.
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.
Chief product officers and product managers have different pay scales, as shown below.
| Chief Product Officer | Product Manager | |
| Average salary | $134,865 | $111,729 |
| Salary range | Between $74,000 And $242,000 | Between $81,000 And $152,000 |
| Highest paying City | Newark, NJ | San Francisco, CA |
| Highest paying state | New Jersey | California |
| Best paying company | McKinsey & Company Inc | Meta |
| Best paying industry | Professional | Retail |
There are a few differences between a chief product officer and a product manager in terms of educational background:
| Chief Product Officer | Product Manager | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between chief product officers' and product managers' demographics:
| Chief Product Officer | Product Manager | |
| Average age | 52 | 39 |
| Gender ratio | Male, 71.4% Female, 28.6% | Male, 65.3% Female, 34.7% |
| Race ratio | Black or African American, 3.7% Unknown, 3.9% Hispanic or Latino, 7.6% Asian, 7.5% White, 76.8% American Indian and Alaska Native, 0.6% | 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 | 12% | 10% |