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The differences between managers, product management and vice presidents, product management 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 vice president, product management. Additionally, a vice president, product management has an average salary of $183,231, 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 vice president, product management are product management, analytics, and product strategy.
| Manager, Product Management | Vice President, Product Management | |
| Yearly salary | $123,250 | $183,231 |
| Hourly rate | $59.25 | $88.09 |
| Growth rate | 10% | 10% |
| Number of jobs | 188,083 | 185,361 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 70% |
| 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 vice president of product management is responsible for handling the overall operational decisions of product deliverables, creating strategic procedures for product marketing strategy, and ensuring that the outputs provide the highest customer satisfaction. The vice president of product management monitors the department's budget, allocating adequate resources to every team to support operational promotions and research on current market trends. They also adjust product management approaches to meet the company's goals and objectives and identify opportunities to increase revenues and profitability.
Managers, product management and vice presidents, product management have different pay scales, as shown below.
| Manager, Product Management | Vice President, Product Management | |
| Average salary | $123,250 | $183,231 |
| Salary range | Between $93,000 And $163,000 | Between $127,000 And $262,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Alaska |
| Best paying company | Meta | Okta |
| Best paying industry | Start-up | Start-up |
There are a few differences between a manager, product management and a vice president, product management in terms of educational background:
| Manager, Product Management | Vice President, Product Management | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Wisconsin - Madison | University of Georgia |
Here are the differences between managers, product management' and vice presidents, product management' demographics:
| Manager, Product Management | Vice President, Product Management | |
| Average age | 39 | 39 |
| Gender ratio | Male, 62.0% Female, 38.0% | Male, 80.9% Female, 19.1% |
| 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, 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% |