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The differences between product managers lead and 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 lead and a product manager. Additionally, a product manager lead has an average salary of $138,531, which is higher than the $111,729 average annual salary of a product manager.
The top three skills for a product manager lead include architecture, QA and product management. The most important skills for a product manager are product management, QA, and product strategy.
| Product Manager Lead | Product Manager | |
| Yearly salary | $138,531 | $111,729 |
| Hourly rate | $66.60 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 110,157 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A product manager lead is responsible for supervising the development and strategic launch of the company's products from conceptualization to final market release. Product managers work closely with the marketing and sales team to identify efficient promotional techniques to enhance the brand's image across the market and develop outstanding features according to trends and public demands. They also handle media commitments and press releases and maximize product vision. A product manager lead directs the budgeting and sales forecasting, ensuring that the process adheres to budget limitations and deadlines.
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.
Product managers lead and product managers have different pay scales, as shown below.
| Product Manager Lead | Product Manager | |
| Average salary | $138,531 | $111,729 |
| Salary range | Between $99,000 And $192,000 | Between $81,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | The Walt Disney Company | Meta |
| Best paying industry | Start-up | Retail |
There are a few differences between a product manager lead and a product manager in terms of educational background:
| Product Manager Lead | Product Manager | |
| Most common degree | Bachelor's Degree, 68% | 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 lead' and product managers' demographics:
| Product Manager Lead | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 69.4% Female, 30.6% | Male, 65.3% Female, 34.7% |
| 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% |