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The differences between international business managers and 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 an international business manager and a product manager. Additionally, a product manager has an average salary of $111,729, which is higher than the $79,283 average annual salary of an international business manager.
The top three skills for an international business manager include financial statements, international trade and business development. The most important skills for a product manager are product management, QA, and product strategy.
| International Business Manager | Product Manager | |
| Yearly salary | $79,283 | $111,729 |
| Hourly rate | $38.12 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 105,468 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
An international business manager acts as an overseer of an entire company's business operations. They are responsible for their company's international business ventures, sales, overseas manufacturing, and marketing. They address and resolve issues regarding foreign business transactions. They need cultural sensitivity, and they must know how to strengthen the partnership between foreign companies and be innovative with modern technologies. They must also know how to communicate with clients and keep them updated to the latest services their company has to offer.
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.
International business managers and product managers have different pay scales, as shown below.
| International Business Manager | Product Manager | |
| Average salary | $79,283 | $111,729 |
| Salary range | Between $45,000 And $136,000 | Between $81,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | TBWA Worldwide | Meta |
| Best paying industry | Finance | Retail |
There are a few differences between an international business manager and a product manager in terms of educational background:
| International Business Manager | Product Manager | |
| Most common degree | Bachelor's Degree, 66% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between international business managers' and product managers' demographics:
| International Business Manager | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 62.0% Female, 38.0% | Male, 65.3% Female, 34.7% |
| 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% |