How to hire a commercial product manager

How to hire a commercial product manager, step by step

Here's a step-by-step commercial product manager hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a commercial product manager job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new commercial product manager
• Step 8: Go through the hiring process checklist

What does a commercial product manager do?

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1. Identify your hiring needs

   Before you start hiring a commercial product manager, identify what type of worker you actually need. Certain positions might call for a full-time employee, while others can be done by a part-time worker or contractor.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A commercial product manager's background is also an important factor in determining whether they'll be a good fit for the position. For example, commercial product managers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   This list presents commercial product manager salaries for various positions.

   Type of Commercial Product Manager	Description	Hourly rate
   Commercial Product Manager	Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with art directors, sales agents, and financial staff members.	$35-73
   Product Lead	A product lead is responsible for monitoring the development of new products and services of an organization, starting from brand conceptualization to official market release and distribution. Product leads identify effective product management by conducting data analysis and evaluating market statistics of customer demands... Show more	$41-78
   Product Director	The duties of a product director depend on one's place or industry of employment. Typically, their responsibilities revolve around overseeing the product development operations to ensure smooth flow and efficiency, devise strategies to improve processes, gather relevant data such as sales and customer feedback, and coordinate with different departments in developing new products and services... Show more	$50-101

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Treasury
   • Product Line
   • Product Development
   • Product Strategy
   • Product Roadmap
   • Cash Management
   • Process Improvement
   • Competitive Analysis
   • Cycle Management
   • Market Analysis
   • Business Development
   • Pricing Strategy
   • Business Plan
   • Product Portfolio

   Check all skills

   Responsibilities:

   • Lead cross-functional team in pioneering the application/game download ecosystem with the implementation of Java games and generating significant new revenue stream.
   • Utilize SQL to support data-driven analysis and decision processes to inform project prioritization, assess feature effectiveness, and troubleshoot issues.
   • Provide statistical analysis and technical responses to customer RFQ.

   More commercial product manager duties

3. Make a budget

   Including a salary range in your commercial product manager job description is a great way to entice the best and brightest candidates. A commercial product manager salary can vary based on several factors:

   • Location. For example, commercial product managers' average salary in south dakota is 38% less than in washington.
   • Seniority. Entry-level commercial product managers earn 52% less than senior-level commercial product managers.
   • Certifications. A commercial product manager with a few certifications under their belt will likely demand a higher salary.
   • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a commercial product manager's salary.

   Average commercial product manager salary

   $106,412yearly

   $51.16 hourly rate

   ---

   Entry-level commercial product manager salary

   $73,000 yearly salary

   Updated December 18, 2025

   Average commercial product manager salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$137,262	$66
   2	Washington	$125,927	$61
   3	New York	$114,941	$55
   4	Connecticut	$113,680	$55
   5	Nevada	$113,409	$55
   6	Illinois	$111,302	$54
   7	New Jersey	$110,336	$53
   8	Delaware	$107,772	$52
   9	Pennsylvania	$105,830	$51
   10	Massachusetts	$104,966	$50
   11	Maryland	$99,162	$48
   12	Texas	$97,707	$47
   13	Virginia	$97,355	$47
   14	Indiana	$96,728	$47
   15	Alaska	$95,667	$46
   16	New Hampshire	$94,524	$45
   17	Ohio	$94,370	$45
   18	Georgia	$93,148	$45
   19	Mississippi	$92,944	$45
   20	Missouri	$92,224	$44

   Average commercial product manager salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Flexport	$156,255	$75.12	2
   2	Amazon	$138,201	$66.44	714
   3	Citi	$137,647	$66.18	28
   4	J.P. Morgan	$134,583	$64.70
   5	Koch Industries	$133,361	$64.12	1
   6	Signature Bank	$131,923	$63.42
   7	ForgeRock	$130,590	$62.78
   8	AbbVie	$126,308	$60.73	83
   9	HSBC Bank	$124,517	$59.86	1
   10	HP	$123,450	$59.35	14
   11	JPMorgan Chase & Co.	$122,050	$58.68	702
   12	Condé Nast	$119,466	$57.44	4
   13	Abbott	$118,042	$56.75	77
   14	Analytic Partners	$115,119	$55.35	1
   15	Verisk Analytics	$114,951	$55.26	17
   16	Activision Blizzard	$113,435	$54.54	3
   17	American Family Insurance	$109,043	$52.42
   18	Umpqua Bank	$108,636	$52.23	25
   19	Fiserv	$107,714	$51.79	13
   20	U.S. Bank	$107,489	$51.68	92

4. Writing a commercial product manager job description

   A commercial product manager job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of a commercial product manager job description:

   Commercial product manager job description example

   Business & Commercial Payments (BCP) team continues to rapidly evolve as we respond to the growing needs of our clients. We are seeking a detail oriented team player who will drive Operational excellence across all of our channels and segments. This role within the product organization, has the potential to grow and work with other product groups across Business & Commercial payments with a team of individuals while helping to shape the role.
   
   The ideal candidate is a highly organized and self-motivated leader who is process and controls oriented, customer focused, and has the ability to coalesce a cross functional team to deliver improvements for our clients.
   Roles & Responsibilities:
   
   End to end operations and controls management of Paying vendor & employee payments, ACH Collections including managing:
   Processes, controls, & risk framework to ensure all regulations and firm policies are met Goal of reducing outsorts across fraud and other processing functions to reduce losses to the firm and improve straight thru processing Analytics to define new opportunities and examine performance Single Point of Contact for coordinating production issues and feedback resolution Single Point of Contact for audit and controls Single Point of Contact for escalations
   Requirements:
   Bachelor's degree preferred. 5+ years product leadership experience; Financial Services experience strongly preferred; payments and retail experience preferred Proven track record of managing a product in production and managing successful controls, including audits and regulatory reviews Comfortable in the weeds to identify, put guardrails around, and address issues in a timely manner Strong ability to analyze opportunities & problems, recommend solutions, and communicate effectively & confidently (both verbal and written) Strong influencing and partnership / collaboration skills to drive cross-functional team Ability to productively work in a matrix management organization Positive, team-oriented attitude and inspiring leadership skills a must Ideal candidate has payments, cash management or operations experience
   
   Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.
   
   We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
   
   The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
   
   As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
   
   Equal Opportunity Employer/Disability/Veterans

   Copy this example

   

5. Post your job

   To find commercial product managers for your business, try out a few different recruiting strategies:

   • Consider internal talent. One of the most important talent pools for any company is its current employees.
   • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any commercial product managers they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level commercial product managers with the right educational background.
   • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.

   To find commercial product manager candidates, you can consider the following options:

   • Post your job opening on Zippia or other job search websites.
   • Use niche websites that focus on engineering and technology jobs, such as swipe files, exit five, marketinghire, american marketing association.
   • Post your job on free job posting websites.

6. Interview candidates

   Recruiting commercial product managers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new commercial product manager

   Once you've selected the best commercial product manager candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.

   It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.

   To prepare for the new commercial product manager first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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