Product management internship vs managing member

The differences between product management interns and managing members can be seen in a few details. Each job has different responsibilities and duties. Additionally, a managing member has an average salary of $92,537, which is higher than the $35,073 average annual salary of a product management internship.

The top three skills for a product management internship include product management, excellent interpersonal and product development. The most important skills for a managing member are financial statements, real estate, and payroll.

Product management internship vs managing member overview

	Product Management Internship	Managing Member
Yearly salary	$35,073	$92,537
Hourly rate	$16.86	$44.49
Growth rate	6%	6%
Number of jobs	160,403	26,657
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 63%
Average age	47	47
Years of experience	-	-

What does a product management internship do?

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.

What does a managing member do?

A managing member is an individual who has an ownership interest of a limited liability company (LLC) and is involved in its daily management. Managing members have an authoritative position that allows them to represent the company in contract negotiations and agree to the terms of a binding contract. They can purchase and sell properties owned by the company and can hire or terminate employees. Managing members also receive salaries and are not entitled to share in the profit or loss of the company.

Product management internship vs managing member salary

Product management interns and managing members have different pay scales, as shown below.

	Product Management Internship	Managing Member
Average salary	$35,073	$92,537
Salary range	Between $25,000 And $47,000	Between $49,000 And $172,000
Highest paying City	San Francisco, CA	San Jose, CA
Highest paying state	California	Connecticut
Best paying company	HP	Memorial Sloan Kettering Cancer Center
Best paying industry	Professional	Government

Differences between product management internship and managing member education

There are a few differences between a product management internship and a managing member in terms of educational background:

	Product Management Internship	Managing Member
Most common degree	Bachelor's Degree, 71%	Bachelor's Degree, 63%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Product management internship vs managing member demographics

Here are the differences between product management interns' and managing members' demographics:

	Product Management Internship	Managing Member
Average age	47	47
Gender ratio	Male, 48.7% Female, 51.3%	Male, 69.2% Female, 30.8%
Race ratio	Black or African American, 7.7% Unknown, 4.7% Hispanic or Latino, 12.9% Asian, 9.0% White, 65.0% American Indian and Alaska Native, 0.7%	Black or African American, 7.6% Unknown, 4.7% Hispanic or Latino, 12.7% Asian, 8.9% White, 65.5% American Indian and Alaska Native, 0.7%
LGBT Percentage	10%	10%

Differences between product management internship and managing member duties and responsibilities

Product management internship example responsibilities.

Evaluate and manage financial portfolio risk and margin, monitor and evaluate macroeconomic and financial events relate to the managed portfolio.
Used VISIO extensively to create process flow charts and control the project activities.
Improve general work flows within several units using Microsoft Visio and flow charts.
Participate in marketing project to promote studio activities through social media, such as Facebook.
Assist project manager in execution of contractor bid process, RFI management and recording minutes.
Focuse on digging business insights and understanding customer behavior from the extracted market data by SQL.

Managing member example responsibilities.

Founded, develop and manage a playwriting group for NYC playwrights.
Manage concurrent projects locate across multiple time zones during daytime and off-hours maintenance windows.
Manage marketing and social media marketing activities, as well as company's e-commerce business and daily operations.
Form and manage an LLC for the manufacturing, sales, and distribution of an extremely unique line of magnetic jewelry.
Manage a portfolio of web assets on a part-time basis including e-commerce, video production services and a San Antonio blog.
Manage the day to day operation/financial operations of Medicare certify home health agency.

Product management internship vs managing member skills

Common product management internship skills

Product Management, 12%
Excellent Interpersonal, 6%
Product Development, 5%
Customer Service, 5%
Data Analysis, 5%
Market Research, 4%

Common managing member skills

Financial Statements, 14%
Real Estate, 11%
Payroll, 8%
Business Development, 6%
Product Development, 5%
R, 4%

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Product Management Internship
Product Management Internship vs Managing Member

Updated January 8, 2025

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