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The differences between new product managers and engineering program managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 8-10 years to become a new product manager, becoming an engineering program manager takes usually requires More than 10 years. Additionally, an engineering program manager has an average salary of $122,604, which is higher than the $117,459 average annual salary of a new product manager.
The top three skills for a new product manager include market research, product management and project management. The most important skills for an engineering program manager are project management, program management, and software development.
| New Product Manager | Engineering Program Manager | |
| Yearly salary | $117,459 | $122,604 |
| Hourly rate | $56.47 | $58.94 |
| Growth rate | 10% | 2% |
| Number of jobs | 112,426 | 148,543 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Average age | 39 | 48 |
| Years of experience | 10 | - |
A new product manager's role is to determine the needs and desires of a customer. They do complex tasks in line with the production and introduction of new products with the help of the sales director. They forecast the current and future product lines by reviewing product specifications and requirements, appraising new product ideas and/or product or packaging changes. The role also includes an assessment of product market data by reaching out to customers with the help of field salespeople and evaluating sales call results.
As an engineering program manager in the world of technology, it is their main responsibility to lead the development of important modules of new technology such as display, camera, touch ID, etc. It is their job to ensure that modules are correctly built according to specifications and given timeline. They drive day-to-day engineering related activities at the vendor's factory to meet overall program ideas. They are knowledgeable of the hardware process development and other features like display or camera design.
New product managers and engineering program managers have different pay scales, as shown below.
| New Product Manager | Engineering Program Manager | |
| Average salary | $117,459 | $122,604 |
| Salary range | Between $79,000 And $174,000 | Between $95,000 And $157,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Meta |
| Best paying industry | Retail | Technology |
There are a few differences between a new product manager and an engineering program manager in terms of educational background:
| New Product Manager | Engineering Program Manager | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 69% |
| Most common major | Business | Mechanical Engineering |
| Most common college | University of Georgia | University of Michigan - Ann Arbor |
Here are the differences between new product managers' and engineering program managers' demographics:
| New Product Manager | Engineering Program Manager | |
| Average age | 39 | 48 |
| Gender ratio | Male, 70.2% Female, 29.8% | Male, 83.5% Female, 16.5% |
| 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, 4.6% Hispanic or Latino, 8.7% Asian, 14.0% White, 69.5% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 10% | 9% |