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The differences between product solution managers 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 solution manager and a product manager. Additionally, a product manager has an average salary of $111,729, 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 manager are product management, QA, and product strategy.
| Product Solution Manager | Product Manager | |
| Yearly salary | $101,375 | $111,729 |
| Hourly rate | $48.74 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 116,600 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 72% |
| 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 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 solution managers and product managers have different pay scales, as shown below.
| Product Solution Manager | Product Manager | |
| Average salary | $101,375 | $111,729 |
| Salary range | Between $73,000 And $140,000 | Between $81,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Meta |
| Best paying industry | - | Retail |
There are a few differences between a product solution manager and a product manager in terms of educational background:
| Product Solution Manager | Product Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product solution managers' and product managers' demographics:
| Product Solution Manager | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 71.4% Female, 28.6% | 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% |