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The differences between managers, product management 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 manager, product management and a senior product manager. Additionally, a senior product manager has an average salary of $133,868, which is higher than the $123,250 average annual salary of a manager, product management.
The top three skills for a manager, product management include product management, healthcare and project management. The most important skills for a senior product manager are product management, cloud, and product strategy.
| Manager, Product Management | Senior Product Manager | |
| Yearly salary | $123,250 | $133,868 |
| Hourly rate | $59.25 | $64.36 |
| Growth rate | 10% | 10% |
| Number of jobs | 188,083 | 119,025 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 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.
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.
Managers, product management and senior product managers have different pay scales, as shown below.
| Manager, Product Management | Senior Product Manager | |
| Average salary | $123,250 | $133,868 |
| Salary range | Between $93,000 And $163,000 | Between $98,000 And $182,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Roku |
| Best paying industry | Start-up | Start-up |
There are a few differences between a manager, product management and a senior product manager in terms of educational background:
| Manager, Product Management | Senior Product Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Wisconsin - Madison | University of Georgia |
Here are the differences between managers, product management' and senior product managers' demographics:
| Manager, Product Management | Senior Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 62.0% Female, 38.0% | 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% |