Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between chief product officers and vice presidents, product management 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 vice president, product management takes usually requires 8-10 years. Additionally, a vice president, product management has an average salary of $183,231, which is higher than the $134,865 average annual salary of a chief product officer.
The top three skills for a chief product officer include CPO, patrol and patients. The most important skills for a vice president, product management are product management, analytics, and product strategy.
| Chief Product Officer | Vice President, Product Management | |
| Yearly salary | $134,865 | $183,231 |
| Hourly rate | $64.84 | $88.09 |
| Growth rate | 6% | 10% |
| Number of jobs | 145,190 | 185,361 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 70% |
| 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 vice president of product management is responsible for handling the overall operational decisions of product deliverables, creating strategic procedures for product marketing strategy, and ensuring that the outputs provide the highest customer satisfaction. The vice president of product management monitors the department's budget, allocating adequate resources to every team to support operational promotions and research on current market trends. They also adjust product management approaches to meet the company's goals and objectives and identify opportunities to increase revenues and profitability.
Chief product officers and vice presidents, product management have different pay scales, as shown below.
| Chief Product Officer | Vice President, Product Management | |
| Average salary | $134,865 | $183,231 |
| Salary range | Between $74,000 And $242,000 | Between $127,000 And $262,000 |
| Highest paying City | Newark, NJ | San Francisco, CA |
| Highest paying state | New Jersey | Alaska |
| Best paying company | McKinsey & Company Inc | Okta |
| Best paying industry | Professional | Start-up |
There are a few differences between a chief product officer and a vice president, product management in terms of educational background:
| Chief Product Officer | Vice President, Product Management | |
| Most common degree | Bachelor's Degree, 48% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between chief product officers' and vice presidents, product management' demographics:
| Chief Product Officer | Vice President, Product Management | |
| Average age | 52 | 39 |
| Gender ratio | Male, 71.4% Female, 28.6% | Male, 80.9% Female, 19.1% |
| 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% |