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The differences between junior product 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 a junior product manager and a product manager. Additionally, a product manager has an average salary of $111,729, which is higher than the $83,812 average annual salary of a junior product manager.
The top three skills for a junior product manager include project management, user stories and cloud. The most important skills for a product manager are product management, QA, and product strategy.
| Junior Product Manager | Product Manager | |
| Yearly salary | $83,812 | $111,729 |
| Hourly rate | $40.29 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 95,173 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
The junior product manager collaborates with the company's product team in defining the product vision. Junior product managers set the objectives and fundamental results. They build a certain strategic product roadmap which suits the overall strategy of the business. It is part of their job to coordinate activities to market the product. This bridges the gaps between organizational functions and aligns all the teams, including sales, customer support, and marketing.
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.
Junior product managers and product managers have different pay scales, as shown below.
| Junior Product Manager | Product Manager | |
| Average salary | $83,812 | $111,729 |
| Salary range | Between $51,000 And $136,000 | Between $81,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Broadridge | Meta |
| Best paying industry | Finance | Retail |
There are a few differences between a junior product manager and a product manager in terms of educational background:
| Junior Product Manager | Product Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between junior product managers' and product managers' demographics:
| Junior Product Manager | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 43.7% Female, 56.3% | 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% |