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The differences between product solution managers and product leads 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 solution manager and a product lead. Additionally, a product lead has an average salary of $118,828, which is higher than the $101,375 average annual salary of a product solution manager.
The top three skills for a product solution manager include market analysis, product development and product management. The most important skills for a product lead are product management, project management, and architecture.
| Product Solution Manager | Product Lead | |
| Yearly salary | $101,375 | $118,828 |
| Hourly rate | $48.74 | $57.13 |
| Growth rate | 10% | 10% |
| Number of jobs | 116,600 | 95,557 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A project solution manager is in charge of overseeing the efforts put into developing and executing projects, ensuring efficiency and smooth workflow. Their responsibilities revolve around setting goals and objectives, managing budgets and schedules, supervising project solution teams, and devising strategies to optimize procedures. They must also monitor the progress and performance of the workforce, assisting them as needed. Furthermore, as a project solution manager, it is essential to lead and encourage the teams to reach goals, all while implementing the company's policies and regulations.
A product lead is responsible for monitoring the development of new products and services of an organization, starting from brand conceptualization to official market release and distribution. Product leads identify effective product management by conducting data analysis and evaluating market statistics of customer demands. They coordinate with the clients on their specifications and requirements, including the budget limit and timely deliverables. A product lead manages the brand promotion on media platforms, creating content that adheres to the target audience.
Product solution managers and product leads have different pay scales, as shown below.
| Product Solution Manager | Product Lead | |
| Average salary | $101,375 | $118,828 |
| Salary range | Between $73,000 And $140,000 | Between $86,000 And $163,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Airbnb |
| Best paying industry | - | Hospitality |
There are a few differences between a product solution manager and a product lead in terms of educational background:
| Product Solution Manager | Product Lead | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product solution managers' and product leads' demographics:
| Product Solution Manager | Product Lead | |
| Average age | 39 | 39 |
| Gender ratio | Male, 71.4% Female, 28.6% | Male, 71.1% Female, 28.9% |
| 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% |