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The differences between product solution managers and vice presidents, product management 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 vice president, product management. Additionally, a vice president, product management has an average salary of $183,231, 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 vice president, product management are product management, analytics, and product strategy.
| Product Solution Manager | Vice President, Product Management | |
| Yearly salary | $101,375 | $183,231 |
| Hourly rate | $48.74 | $88.09 |
| Growth rate | 10% | 10% |
| Number of jobs | 116,600 | 185,361 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| 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 vice president of product management is responsible for handling the overall operational decisions of product deliverables, creating strategic procedures for product marketing strategy, and ensuring that the outputs provide the highest customer satisfaction. The vice president of product management monitors the department's budget, allocating adequate resources to every team to support operational promotions and research on current market trends. They also adjust product management approaches to meet the company's goals and objectives and identify opportunities to increase revenues and profitability.
Product solution managers and vice presidents, product management have different pay scales, as shown below.
| Product Solution Manager | Vice President, Product Management | |
| Average salary | $101,375 | $183,231 |
| Salary range | Between $73,000 And $140,000 | Between $127,000 And $262,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Alaska |
| Best paying company | Meta | Okta |
| Best paying industry | - | Start-up |
There are a few differences between a product solution manager and a vice president, product management in terms of educational background:
| Product Solution Manager | Vice President, Product Management | |
| Most common degree | Bachelor's Degree, 71% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between product solution managers' and vice presidents, product management' demographics:
| Product Solution Manager | Vice President, Product Management | |
| Average age | 39 | 39 |
| Gender ratio | Male, 71.4% Female, 28.6% | Male, 80.9% Female, 19.1% |
| 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, 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% |