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Product management internship hiring summary. Here are some key points about hiring product management interns in the United States:
Here's a step-by-step product management internship hiring guide:
Product management interns typically work with program managers and other management teams. They usually perform various tasks for an organization, which includes conducting research and analyzing data to develop workable business and product strategies, assisting account management teams in documenting user responses to products, and developing strategies to improve productivity and profitability. Product managers are expected to work alongside UX/UI professionals, marketing and sales teams, and developers. They are also expected to ensure the proper execution of quality assurance testing.
Before you post your product management internship job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a product management internship for hire on a part-time basis or as a contractor.
You should also consider the ideal background you'd like them a product management internship to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a product management internship that fits the bill.
The following list breaks down different types of product management interns and their corresponding salaries.
| Type of Product Management Internship | Description | Hourly rate |
|---|---|---|
| Product Management Internship | $12-22 | |
| Project Administrator | A project administrator is a professional who assists the project manager in the preparation, reporting, and analysis of projects. Project administrators are given tasks with administrative responsibilities such as managing the budget for supply orders, coordinating meetings with contractors, and doing site visits... Show more | $15-39 |
| Call Center Manager | Call center managers specialize in overseeing call center operations and agents' performances, ensuring that customers are satisfied. Aside from this, they are mostly involved in hiring and training new agents, shaping them into productive workforce members... Show more | $11-28 |
Including a salary range in your product management internship job description helps attract top candidates to the position. A product management internship salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a product management internship in Kentucky may be lower than in California, and an entry-level product management internship usually earns less than a senior-level product management internship. Additionally, a product management internship with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $42,872 | $21 |
| 2 | Wisconsin | $37,791 | $18 |
| 3 | Michigan | $37,785 | $18 |
| 4 | Colorado | $36,307 | $17 |
| 5 | New Jersey | $35,678 | $17 |
| 6 | Georgia | $33,786 | $16 |
| 7 | New York | $32,963 | $16 |
| 8 | South Dakota | $32,858 | $16 |
| 9 | North Carolina | $32,801 | $16 |
| 10 | Florida | $32,746 | $16 |
| 11 | Delaware | $32,641 | $16 |
| 12 | Minnesota | $32,349 | $16 |
| 13 | Massachusetts | $32,304 | $16 |
| 14 | Utah | $31,938 | $15 |
| 15 | Arizona | $31,819 | $15 |
| 16 | Texas | $31,549 | $15 |
| 17 | Illinois | $30,866 | $15 |
| 18 | Virginia | $30,801 | $15 |
| 19 | Pennsylvania | $30,467 | $15 |
| 20 | Maryland | $30,318 | $15 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | HP | $60,020 | $28.86 | 44 |
| 2 | Siemens Enterprise Communications Inc | $49,773 | $23.93 | |
| 3 | Johnson Controls | $48,894 | $23.51 | 25 |
| 4 | Advent Software | $47,870 | $23.01 | |
| 5 | SAP | $47,090 | $22.64 | 41 |
| 6 | Formlabs | $44,950 | $21.61 | 2 |
| 7 | Quidel | $44,722 | $21.50 | |
| 8 | Ping Identity | $44,656 | $21.47 | 1 |
| 9 | Ciena | $44,622 | $21.45 | |
| 10 | USAA | $44,291 | $21.29 | 18 |
| 11 | Rockwell Automation | $44,277 | $21.29 | 14 |
| 12 | Siemens | $42,863 | $20.61 | 53 |
| 13 | Bloom Energy | $42,815 | $20.58 | 6 |
| 14 | International Rescue Committee | $42,413 | $20.39 | 2 |
| 15 | RingCentral | $42,185 | $20.28 | |
| 16 | Power Integrations | $41,811 | $20.10 | |
| 17 | Bosch USA | $41,703 | $20.05 | 19 |
| 18 | HealthTrio | $38,882 | $18.69 | |
| 19 | General Motors | $38,308 | $18.42 | 73 |
| 20 | Danfoss | $38,223 | $18.38 | 6 |
A good product management internship 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 internship job description:
There are various strategies that you can use to find the right product management internship for your business:
Recruiting product management interns requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you 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 internship 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 equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new product management internship first day, you should share an onboarding schedule with them that covers their first period on the job. You should also quickly complete any necessary paperwork, such as employee action forms and onboarding documents like I-9, benefits enrollment, and federal and state tax forms. Finally, Human Resources must ensure a new employee file is created for internal record keeping.
There are different types of costs for hiring product management interns. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new product management internship employee.
You can expect to pay around $35,073 per year for a product management internship, as this is the median yearly salary nationally. This can vary depending on what state or city you're hiring in. If you're hiring for contract work or on a per-project basis, hourly rates for product management interns in the US typically range between $12 and $22 an hour.