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The differences between managers, project management and managers, product management 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 $102,925 average annual salary of a manager, project management.
The top three skills for a manager, project management include project management, risk management and portfolio. The most important skills for a manager, product management are product management, healthcare, and project management.
| Manager, Project Management | Manager, Product Management | |
| Yearly salary | $102,925 | $123,250 |
| Hourly rate | $49.48 | $59.25 |
| Growth rate | 16% | 10% |
| Number of jobs | 263,655 | 188,083 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| Average age | 47 | 39 |
| Years of experience | - | 10 |
The role of a project management manager involves the planning, execution, monitoring, control, and closure of projects. Project managers oversee the scope of the entire project, the team, success or failure, and its resources. They facilitate productivity and commitment, remove obstacles, and motivate their team members. Their skills should include leadership, critical thinking, communication, negotiating, and risk management. They should also know about cost management, scheduling, and task management.
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.
Managers, project management and managers, product management have different pay scales, as shown below.
| Manager, Project Management | Manager, Product Management | |
| Average salary | $102,925 | $123,250 |
| Salary range | Between $73,000 And $144,000 | Between $93,000 And $163,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Ropes & Gray | Meta |
| Best paying industry | Pharmaceutical | Start-up |
There are a few differences between a manager, project management and a manager, product management in terms of educational background:
| Manager, Project Management | Manager, Product Management | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 69% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Wisconsin - Madison |
Here are the differences between managers, project management' and managers, product management' demographics:
| Manager, Project Management | Manager, Product Management | |
| Average age | 47 | 39 |
| Gender ratio | Male, 61.9% Female, 38.1% | Male, 62.0% Female, 38.0% |
| Race ratio | Black or African American, 7.6% Unknown, 4.7% Hispanic or Latino, 12.7% Asian, 9.0% White, 65.3% American Indian and Alaska Native, 0.7% | 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% |