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The differences between licensing managers and senior 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 licensing manager and a senior product manager. Additionally, a senior product manager has an average salary of $133,868, which is higher than the $91,723 average annual salary of a licensing manager.
The top three skills for a licensing manager include business development, project management and license agreements. The most important skills for a senior product manager are product management, cloud, and product strategy.
| Licensing Manager | Senior Product Manager | |
| Yearly salary | $91,723 | $133,868 |
| Hourly rate | $44.10 | $64.36 |
| Growth rate | 10% | 10% |
| Number of jobs | 64,732 | 119,025 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A licensing manager is typically in charge of processing licensing applications. Among their responsibilities include gathering and verifying information, reviewing and gathering application requirements, answering inquiries, preparing and processing documents, and conducting further assessments to determine an applicants' compliance with the state or federal laws. There are also instances when they have the authority to approve or reject applications. Furthermore, as a manager, it is essential to lead and encourage staff to reach goals while implementing the agency's policies and regulations.
A senior product manager oversees the workflow and workforce involved in product and service development, ensuring a high return for its investments. They are primarily responsible for assessing and providing recommendations, producing review and reference documents, and obtaining feedback from consumers and high-ranking company personnel. Furthermore, as a senior product manager, they must lead a group of product managers, motivating and supervising them in their joint effort to accomplish goals according to the company's standards and policies.
Licensing managers and senior product managers have different pay scales, as shown below.
| Licensing Manager | Senior Product Manager | |
| Average salary | $91,723 | $133,868 |
| Salary range | Between $58,000 And $142,000 | Between $98,000 And $182,000 |
| Highest paying City | Norwalk, CT | San Francisco, CA |
| Highest paying state | Connecticut | California |
| Best paying company | Kaiser Permanente | Roku |
| Best paying industry | Technology | Start-up |
There are a few differences between a licensing manager and a senior product manager in terms of educational background:
| Licensing Manager | Senior Product Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between licensing managers' and senior product managers' demographics:
| Licensing Manager | Senior Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 46.5% Female, 53.5% | Male, 68.5% Female, 31.5% |
| 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% |