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The differences between principal product managers and product management directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a principal product manager and a product management director. Additionally, a product management director has an average salary of $156,724, which is higher than the $145,943 average annual salary of a principal product manager.
The top three skills for a principal product manager include product management, QA and product development. The most important skills for a product management director are product management, product strategy, and cloud.
| Principal Product Manager | Product Management Director | |
| Yearly salary | $145,943 | $156,724 |
| Hourly rate | $70.16 | $75.35 |
| Growth rate | 10% | 10% |
| Number of jobs | 143,985 | 170,460 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 70% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
The duties of a principal product manager depend on one's place or industry of employment. Typically, their responsibilities revolve around overseeing the organization's product roadmap, devising strategies for optimal operations and services, and managing production and marketing communications. They must also coordinate with different research scientists and engineers to develop systems and networks that will increase profitability and assist in meeting consumers' needs. Furthermore, as a manager, it is essential to lead and encourage teams, all while implementing the company's policies and regulations.
A Product Management Director is responsible for a business product planning as well as execution throughout the life cycle of the business. They create the product strategy and requirements, develop and execute tactical plans, and maintain product and market knowledge.
Principal product managers and product management directors have different pay scales, as shown below.
| Principal Product Manager | Product Management Director | |
| Average salary | $145,943 | $156,724 |
| Salary range | Between $106,000 And $199,000 | Between $112,000 And $219,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Washington | California |
| Best paying company | Brex | Meta |
| Best paying industry | Start-up | Technology |
There are a few differences between a principal product manager and a product management director in terms of educational background:
| Principal Product Manager | Product Management Director | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between principal product managers' and product management directors' demographics:
| Principal Product Manager | Product Management Director | |
| Average age | 39 | 39 |
| Gender ratio | Male, 73.9% Female, 26.1% | Male, 77.1% Female, 22.9% |
| 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% |