Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between managers, product management and project managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a manager, product management has an average salary of $123,250, which is higher than the $91,578 average annual salary of a project manager.
The top three skills for a manager, product management include product management, healthcare and project management. The most important skills for a project manager are project management, project scope, and customer service.
| Manager, Product Management | Project Manager | |
| Yearly salary | $123,250 | $91,578 |
| Hourly rate | $59.25 | $44.03 |
| Growth rate | 10% | 8% |
| Number of jobs | 188,083 | 167,116 |
| Job satisfaction | - | 4.17 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Average age | 39 | 47 |
| Years of experience | 10 | - |
A manager of product management's role is to supervise and oversee the design and development of new products and services, ensuring efficiency and customer satisfaction. Their responsibilities revolve around conducting research and analysis to determine new opportunities and demands of customers, keeping abreast of all the market trends, and collaborating with other designers and analysts to devise new ideas. One may also perform clerical tasks such as preparing progress reports, creating presentations, resolving issues and concerns, and maintaining data, all while adhering to the policies and regulations of the company.
Project managers oversee a specific project related to the organization's business. They manage the whole project from inception to evaluation. They initiate planning with involved departments, follow-through on the plans, ensure smooth execution of the plans, and evaluate the project for further improvements should these be needed. In line with this, project managers also ensure that the project is cost-efficient and well within the budget. They also manage the different work teams involved in the project and ensure that things are running smoothly on this aspect as well.
Managers, product management and project managers have different pay scales, as shown below.
| Manager, Product Management | Project Manager | |
| Average salary | $123,250 | $91,578 |
| Salary range | Between $93,000 And $163,000 | Between $64,000 And $129,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | The Citadel |
| Best paying industry | Start-up | Technology |
There are a few differences between a manager, product management and a project manager in terms of educational background:
| Manager, Product Management | Project Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Wisconsin - Madison | University of Pennsylvania |
Here are the differences between managers, product management' and project managers' demographics:
| Manager, Product Management | Project Manager | |
| Average age | 39 | 47 |
| Gender ratio | Male, 62.0% Female, 38.0% | Male, 68.9% Female, 31.1% |
| 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, 7.7% Unknown, 4.7% Hispanic or Latino, 12.9% Asian, 9.0% White, 65.0% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 10% | 10% |