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The differences between product solution managers and project managers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a product solution manager has an average salary of $101,375, which is higher than the $91,578 average annual salary of a project manager.
The top three skills for a product solution manager include market analysis, product development and product management. The most important skills for a project manager are project management, project scope, and customer service.
| Product Solution Manager | Project Manager | |
| Yearly salary | $101,375 | $91,578 |
| Hourly rate | $48.74 | $44.03 |
| Growth rate | 10% | 8% |
| Number of jobs | 116,600 | 167,116 |
| Job satisfaction | - | 4.17 |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 68% |
| Average age | 39 | 47 |
| Years of experience | 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.
Project managers oversee a specific project related to the organization's business. They manage the whole project from inception to evaluation. They initiate planning with involved departments, follow-through on the plans, ensure smooth execution of the plans, and evaluate the project for further improvements should these be needed. In line with this, project managers also ensure that the project is cost-efficient and well within the budget. They also manage the different work teams involved in the project and ensure that things are running smoothly on this aspect as well.
Product solution managers and project managers have different pay scales, as shown below.
| Product Solution Manager | Project Manager | |
| Average salary | $101,375 | $91,578 |
| Salary range | Between $73,000 And $140,000 | Between $64,000 And $129,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | The Citadel |
| Best paying industry | - | Technology |
There are a few differences between a product solution manager and a project manager in terms of educational background:
| Product Solution Manager | Project Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 68% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between product solution managers' and project managers' demographics:
| Product Solution Manager | Project Manager | |
| Average age | 39 | 47 |
| Gender ratio | Male, 71.4% Female, 28.6% | Male, 68.9% Female, 31.1% |
| 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, 7.7% Unknown, 4.7% Hispanic or Latino, 12.9% Asian, 9.0% White, 65.0% American Indian and Alaska Native, 0.7% |
| LGBT Percentage | 10% | 10% |