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Product management director hiring summary. Here are some key points about hiring product management directors in the United States:
Here's a step-by-step product management director hiring guide:
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.
First, determine the employments status of the product management director you need to hire. Certain product management director roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A product management director's background is also an important factor in determining whether they'll be a good fit for the position. For example, product management directors from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list shows salaries for various types of product management directors.
| Type of Product Management Director | Description | Hourly rate |
|---|---|---|
| Product Management Director | Advertising, promotions, and marketing managers plan programs to generate interest in products or services. They work with art directors, sales agents, and financial staff members. | $53-105 |
| Director, Product Marketing | A Director of Product Marketing directs the marketing activities of one or more products or product lines within the organization. They develop strong relationships with key customers. | $46-98 |
| Director Of Product Development | A Director of Product Development supervises and implements product development policies, initiatives, and objectives. They conduct market research to determine consumer needs and identify competitors. | $48-94 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $196,737 | $95 |
| 2 | Washington | $185,401 | $89 |
| 3 | Utah | $149,980 | $72 |
| 4 | New Jersey | $143,591 | $69 |
| 5 | New York | $141,533 | $68 |
| 6 | Massachusetts | $140,650 | $68 |
| 7 | Virginia | $136,837 | $66 |
| 8 | Arizona | $136,281 | $66 |
| 9 | Connecticut | $134,022 | $64 |
| 10 | Pennsylvania | $130,155 | $63 |
| 11 | Texas | $128,568 | $62 |
| 12 | Florida | $124,371 | $60 |
| 13 | Colorado | $123,795 | $60 |
| 14 | Oklahoma | $122,601 | $59 |
| 15 | Mississippi | $122,162 | $59 |
| 16 | District of Columbia | $121,334 | $58 |
| 17 | Illinois | $121,108 | $58 |
| 18 | Indiana | $120,335 | $58 |
| 19 | Minnesota | $119,888 | $58 |
| 20 | North Carolina | $119,539 | $57 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Meta | $244,531 | $117.56 | 561 |
| 2 | $243,486 | $117.06 | 260 | |
| 3 | Roku | $231,923 | $111.50 | 10 |
| 4 | PayPal | $230,566 | $110.85 | 34 |
| 5 | Asana | $229,961 | $110.56 | 8 |
| 6 | eBay | $228,621 | $109.91 | 43 |
| 7 | NVIDIA | $227,492 | $109.37 | 61 |
| 8 | Lyft | $223,471 | $107.44 | 13 |
| 9 | TinyCo | $220,422 | $105.97 | |
| 10 | Evernote | $219,813 | $105.68 | |
| 11 | Pure Storage | $218,106 | $104.86 | 19 |
| 12 | Wasabi Technologies | $216,944 | $104.30 | |
| 13 | VMware | $216,338 | $104.01 | 1 |
| 14 | Genentech | $215,955 | $103.82 | 19 |
| 15 | F5 | $215,912 | $103.80 | 13 |
| 16 | Avid | $212,897 | $102.35 | |
| 17 | SeedInvest | $212,414 | $102.12 | |
| 18 | $211,247 | $101.56 | 33 | |
| 19 | Navis | $208,812 | $100.39 | 1 |
| 20 | Cloudflare | $207,932 | $99.97 | 33 |
A good product management director job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a product management director job description:
To find product management directors for your business, try out a few different recruiting strategies:
Your first interview with product management director candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.
Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've selected the best product management director candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.
It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.
Once that's done, you can draft an onboarding schedule for the new product management director. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
Hiring a product management director comes with both the one-time cost per hire and ongoing costs. The cost of recruiting product management directors involves promoting the job and spending time conducting interviews. Ongoing costs include employee salary, training, benefits, insurance, and equipment. It is essential to consider the cost of product management director recruiting as well the ongoing costs of maintaining the new employee.
Product management directors earn a median yearly salary is $156,724 a year in the US. However, if you're looking to find product management directors for hire on a contract or per-project basis, hourly rates typically range between $53 and $105.