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The differences between commercial product managers and commercial account 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 commercial product manager, becoming a commercial account manager takes usually requires 6-8 years. Additionally, a commercial product manager has an average salary of $106,412, which is higher than the $59,175 average annual salary of a commercial account manager.
The top three skills for a commercial product manager include treasury, product line and product development. The most important skills for a commercial account manager are customer service, CRM, and account management.
| Commercial Product Manager | Commercial Account Manager | |
| Yearly salary | $106,412 | $59,175 |
| Hourly rate | $51.16 | $28.45 |
| Growth rate | 10% | 5% |
| Number of jobs | 139,724 | 166,435 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 65% |
| Average age | 39 | 46 |
| Years of experience | 10 | 8 |
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 commercial account manager's role is to offer products and services to businesses and firms, building positive relationships to establish a strong client base. Their responsibilities often revolve around performing research and market analysis to find sales opportunities, devising strategies to identify client needs, and maintaining records of all data and transactions. They may also reach out to potential clients through calls and correspondence, even arrange appointments to discuss products and negotiate sales. Furthermore, as a commercial account manager, it is essential to lead and encourage the workforce, all while adhering to the company's policies and regulations.
Commercial product managers and commercial account managers have different pay scales, as shown below.
| Commercial Product Manager | Commercial Account Manager | |
| Average salary | $106,412 | $59,175 |
| Salary range | Between $73,000 And $153,000 | Between $41,000 And $84,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | Hawaii |
| Best paying company | Flexport | VMware |
| Best paying industry | Pharmaceutical | Manufacturing |
There are a few differences between a commercial product manager and a commercial account manager in terms of educational background:
| Commercial Product Manager | Commercial Account Manager | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Southern California |
Here are the differences between commercial product managers' and commercial account managers' demographics:
| Commercial Product Manager | Commercial Account Manager | |
| Average age | 39 | 46 |
| Gender ratio | Male, 70.0% Female, 30.0% | Male, 60.1% Female, 39.9% |
| 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, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 7% |