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The differences between product managers and vice presidents, product management 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 vice president, product management. Additionally, a vice president, product management has an average salary of $183,231, 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 vice president, product management are product management, analytics, and product strategy.
| Product Manager | Vice President, Product Management | |
| Yearly salary | $111,729 | $183,231 |
| Hourly rate | $53.72 | $88.09 |
| Growth rate | 10% | 10% |
| Number of jobs | 125,678 | 185,361 |
| Job satisfaction | 5 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 70% |
| 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 vice president of product management is responsible for handling the overall operational decisions of product deliverables, creating strategic procedures for product marketing strategy, and ensuring that the outputs provide the highest customer satisfaction. The vice president of product management monitors the department's budget, allocating adequate resources to every team to support operational promotions and research on current market trends. They also adjust product management approaches to meet the company's goals and objectives and identify opportunities to increase revenues and profitability.
Product managers and vice presidents, product management have different pay scales, as shown below.
| Product Manager | Vice President, Product Management | |
| Average salary | $111,729 | $183,231 |
| Salary range | Between $81,000 And $152,000 | Between $127,000 And $262,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Alaska |
| Best paying company | Meta | Okta |
| Best paying industry | Retail | Start-up |
There are a few differences between a product manager and a vice president, product management in terms of educational background:
| Product Manager | Vice President, Product Management | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product managers' and vice presidents, product management' demographics:
| Product Manager | Vice President, Product Management | |
| Average age | 39 | 39 |
| Gender ratio | Male, 65.3% Female, 34.7% | Male, 80.9% Female, 19.1% |
| 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% |