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The differences between product managers and senior product managers 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 senior product manager. Additionally, a senior product manager has an average salary of $133,868, which is higher than the $111,729 average annual salary of a product manager.
The top three skills for a product manager include product management, QA and product strategy. The most important skills for a senior product manager are product management, cloud, and product strategy.
| Product Manager | Senior Product Manager | |
| Yearly salary | $111,729 | $133,868 |
| Hourly rate | $53.72 | $64.36 |
| Growth rate | 10% | 10% |
| Number of jobs | 125,678 | 119,025 |
| Job satisfaction | 5 | 4 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 72% |
| 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 senior product manager oversees the workflow and workforce involved in product and service development, ensuring a high return for its investments. They are primarily responsible for assessing and providing recommendations, producing review and reference documents, and obtaining feedback from consumers and high-ranking company personnel. Furthermore, as a senior product manager, they must lead a group of product managers, motivating and supervising them in their joint effort to accomplish goals according to the company's standards and policies.
Product managers and senior product managers have different pay scales, as shown below.
| Product Manager | Senior Product Manager | |
| Average salary | $111,729 | $133,868 |
| Salary range | Between $81,000 And $152,000 | Between $98,000 And $182,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Roku |
| Best paying industry | Retail | Start-up |
There are a few differences between a product manager and a senior product manager in terms of educational background:
| Product Manager | Senior Product Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product managers' and senior product managers' demographics:
| Product Manager | Senior Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 65.3% Female, 34.7% | Male, 68.5% Female, 31.5% |
| 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% |