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The differences between product solution managers and revenue 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 revenue manager. Additionally, a product solution manager has an average salary of $101,375, which is higher than the $86,270 average annual salary of a revenue manager.
The top three skills for a product solution manager include market analysis, product development and product management. The most important skills for a revenue manager are revenue cycle, reservations, and customer service.
| Product Solution Manager | Revenue Manager | |
| Yearly salary | $101,375 | $86,270 |
| Hourly rate | $48.74 | $41.48 |
| Growth rate | 10% | 10% |
| Number of jobs | 116,600 | 110,405 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 63% |
| 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 revenue manager is responsible for conducting price analysis and revenue strategies to support business development and improve marketing techniques. Revenue managers research on the current market trends, evaluate statistical data of resources, maintain reasonable rates, and match the competitiveness of other hotel industries. They also work closely with the marketing and public relations team on releasing press releases, managing media appearance, and publishing content on the digital platform. A revenue manager must have excellent communication and organizational skills, tracking business and financial transactions, and coordinating with potential clients for partnerships.
Product solution managers and revenue managers have different pay scales, as shown below.
| Product Solution Manager | Revenue Manager | |
| Average salary | $101,375 | $86,270 |
| Salary range | Between $73,000 And $140,000 | Between $59,000 And $124,000 |
| Highest paying City | San Francisco, CA | Novato, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Meta |
| Best paying industry | - | Technology |
There are a few differences between a product solution manager and a revenue manager in terms of educational background:
| Product Solution Manager | Revenue Manager | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product solution managers' and revenue managers' demographics:
| Product Solution Manager | Revenue Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 71.4% Female, 28.6% | Male, 41.6% Female, 58.4% |
| 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% |