Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between product managers and managers, strategy can be seen in a few details. Each job has different responsibilities and duties. It typically takes 8-10 years to become both a product manager and a manager, strategy. Additionally, a product manager has an average salary of $111,729, which is higher than the $109,831 average annual salary of a manager, strategy.
The top three skills for a product manager include product management, QA and product strategy. The most important skills for a manager, strategy are project management, portfolio, and client facing.
| Product Manager | Manager, Strategy | |
| Yearly salary | $111,729 | $109,831 |
| Hourly rate | $53.72 | $52.80 |
| Growth rate | 10% | 10% |
| Number of jobs | 125,678 | 148,326 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 65% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A product manager is responsible for ensuring product development, providing the best marketing strategies, and effectively handling the sales and marketing team. Product managers' duties include monitoring the market trends and conditions, identifying business opportunities and plan initiatives, and collaborating the product launch process with the appropriate departments. A product manager is also responsible for generating ideas on improving product features, determining timetables and reasonable pricing, and analyzing product sales. A product manager must have excellent strategic and decision-making skills to contribute to its growth and profitability.
A strategy manager is an individual who reviews a company's objectives for growth and works with executives to formulate actionable plans to achieve these objectives. To make comprehensive recommendations, strategy managers must conduct data analysis of the organization as well as the overall industry. They must provide assessments of market trends and identify business threats and opportunities. Strategy managers should also work with department heads to develop individual team goals and break them down into actionable steps for the employees to complete.
Product managers and managers, strategy have different pay scales, as shown below.
| Product Manager | Manager, Strategy | |
| Average salary | $111,729 | $109,831 |
| Salary range | Between $81,000 And $152,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | McKinsey & Company Inc |
| Best paying industry | Retail | Technology |
There are a few differences between a product manager and a manager, strategy in terms of educational background:
| Product Manager | Manager, Strategy | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product managers' and managers, strategy' demographics:
| Product Manager | Manager, Strategy | |
| Average age | 39 | 39 |
| Gender ratio | Male, 65.3% Female, 34.7% | Male, 64.7% Female, 35.3% |
| 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% |