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A principal product manager is responsible for the strategic planning, development, and launch of a company's products. They work with cross-functional teams to identify market opportunities and develop product roadmaps. They ensure that products meet customer expectations and are delivered on schedule and within budget. Principal product managers work closely with executives to ensure that product goals align with company goals. These managers must possess strong leadership skills and possess excellent communication abilities.
Director, International Business Major, Wisconsin School of Business, University of Wisconsin-Madison
Avg. Salary $145,943
Avg. Salary $59,228
Growth rate 10%
Growth rate 0.3%
American Indian and Alaska Native 0.23%
Asian 8.15%
Black or African American 3.04%
Hispanic or Latino 8.67%
Unknown 5.32%
White 74.58%
Genderfemale 26.06%
male 73.94%
Age - 38American Indian and Alaska Native 3.00%
Asian 7.00%
Black or African American 14.00%
Hispanic or Latino 19.00%
White 57.00%
Genderfemale 47.00%
male 53.00%
Age - 38Stress level is high
7.1 - high
Complexity level is advanced
7 - challenging
Work life balance is poor
6.4 - fair
Pros
Competitive salary and benefits package
Exposure to cutting-edge technology and innovation
Opportunities for professional growth and advancement
Opportunity to innovate and disrupt industries
Cons
Stress due to the importance of product success
Risk of burnout due to long hours and demanding workload
Balancing competing priorities from different stakeholders
Need to stay up-to-date on rapidly evolving trends
Limited control over external factors such as market conditions
| Skills | Percentages |
|---|---|
| Product Management | 11.41% |
| QA | 11.22% |
| Product Development | 9.65% |
| Regression | 9.21% |
| User Stories | 3.61% |
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The average principal product manager salary in the United States is $145,943 per year or $70 per hour. Principal product manager salaries range between $106,000 and $199,000 per year.
What am I worth?
Solve tough problems, work on agile teams, outlet for creativity,
high expectations, constantly evolving technology, broad range of topics to learn (product management specifics, industry, technology, software development methods
Its not a specific job, As a product manager your job responsibilities cover many different areas and that's what i love about it.
all other teams think that they are doing a task for you instead of thinking that they are part of a team on a project
Agendas
Making strategic decisions in product development is pretty exciting for me