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The differences between managers-strategic planning and 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-strategic planning and a product manager. Additionally, a manager-strategic planning has an average salary of $123,429, which is higher than the $111,729 average annual salary of a product manager.
The top three skills for a manager-strategic planning include project management, portfolio and business development. The most important skills for a product manager are product management, QA, and product strategy.
| Manager-Strategic Planning | Product Manager | |
| Yearly salary | $123,429 | $111,729 |
| Hourly rate | $59.34 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 105,312 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Manager-strategic planning is in charge of devising strategies to help a company navigate through its short and long-term goals. Their responsibilities revolve around performing research and analysis to identify the strengths and weaknesses of company operations, determine the needs of every department, and develop strategic solutions for optimal services. They may also perform risk assessments, analyze the performance of competitors, evaluate the performance of the workforce, and recommend new policies, all in adherence to the company's vision and mission.
A product manager is responsible for ensuring product development, providing the best marketing strategies, and effectively handling the sales and marketing team. Product managers' duties include monitoring the market trends and conditions, identifying business opportunities and plan initiatives, and collaborating the product launch process with the appropriate departments. A product manager is also responsible for generating ideas on improving product features, determining timetables and reasonable pricing, and analyzing product sales. A product manager must have excellent strategic and decision-making skills to contribute to its growth and profitability.
Managers-strategic planning and product managers have different pay scales, as shown below.
| Manager-Strategic Planning | Product Manager | |
| Average salary | $123,429 | $111,729 |
| Salary range | Between $87,000 And $173,000 | Between $81,000 And $152,000 |
| Highest paying City | Las Vegas, NV | San Francisco, CA |
| Highest paying state | Nevada | California |
| Best paying company | Sheppard Mullin Richter & Hampton | Meta |
| Best paying industry | Media | Retail |
There are a few differences between a manager-strategic planning and a product manager in terms of educational background:
| Manager-Strategic Planning | 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 managers-strategic planning' and product managers' demographics:
| Manager-Strategic Planning | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 67.2% Female, 32.8% | Male, 65.3% Female, 34.7% |
| 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% |