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The differences between senior group 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 senior group manager and a product manager. Additionally, a senior group manager has an average salary of $125,188, which is higher than the $111,729 average annual salary of a product manager.
The top three skills for a senior group manager include risk management, SR and project management. The most important skills for a product manager are product management, QA, and product strategy.
| Senior Group Manager | Product Manager | |
| Yearly salary | $125,188 | $111,729 |
| Hourly rate | $60.19 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 135,804 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A senior group manager's role is to spearhead and oversee group operations, ensuring everything runs smoothly and efficiently. They are in charge of setting objectives and guidelines, establishing schedules, managing groups, delegating responsibilities among staff, and reviewing reports from different teams, addressing issues and concerns should there be any. There are also instances when they must produce regular reports, liaise with external parties, and conduct assessments. Moreover, as a senior group manager, they lead and encourage teams to reach goals, all while working together with junior managers in implementing company 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.
Senior group managers and product managers have different pay scales, as shown below.
| Senior Group Manager | Product Manager | |
| Average salary | $125,188 | $111,729 |
| Salary range | Between $86,000 And $181,000 | Between $81,000 And $152,000 |
| Highest paying City | Albany, NY | San Francisco, CA |
| Highest paying state | Oregon | California |
| Best paying company | Citi | Meta |
| Best paying industry | Finance | Retail |
There are a few differences between a senior group manager and a product manager in terms of educational background:
| Senior Group Manager | Product Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior group managers' and product managers' demographics:
| Senior Group Manager | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 65.1% Female, 34.9% | 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% |