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The differences between commercial product managers and business product managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a commercial product manager and a business product manager. Additionally, a business product manager has an average salary of $123,607, which is higher than the $106,412 average annual salary of a commercial product manager.
The top three skills for a commercial product manager include treasury, product line and product development. The most important skills for a business product manager are product management, project management, and market research.
| Commercial Product Manager | Business Product Manager | |
| Yearly salary | $106,412 | $123,607 |
| Hourly rate | $51.16 | $59.43 |
| Growth rate | 10% | 10% |
| Number of jobs | 139,724 | 189,393 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
The commercial product manager focuses on determining consumers' wants and needs and drafts a product plan for the business to tweak their product development to take advantage of the demand. The commercial product manager works with the marketing team on ensuring existing products and newly developed items fare well in the market. This position is tasked with monitoring product performance, determining weaknesses in the marketing strategy, and providing suggestions and recommendations to improve sales. The added responsibility of a commercial product manager is to help in conceptualizing product designs and marketing strategies.
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.
Commercial product managers and business product managers have different pay scales, as shown below.
| Commercial Product Manager | Business Product Manager | |
| Average salary | $106,412 | $123,607 |
| Salary range | Between $73,000 And $153,000 | Between $88,000 And $173,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Flexport | Meta |
| Best paying industry | Pharmaceutical | - |
There are a few differences between a commercial product manager and a business product manager in terms of educational background:
| Commercial Product Manager | Business Product Manager | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between commercial product managers' and business product managers' demographics:
| Commercial Product Manager | Business Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 70.0% Female, 30.0% | Male, 64.1% Female, 35.9% |
| 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% |