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The differences between senior managers, product development 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 manager, product development and a product manager. Additionally, a senior manager, product development has an average salary of $128,407, which is higher than the $111,729 average annual salary of a product manager.
The top three skills for a senior manager, product development include project management, product development and product management. The most important skills for a product manager are product management, QA, and product strategy.
| Senior Manager, Product Development | Product Manager | |
| Yearly salary | $128,407 | $111,729 |
| Hourly rate | $61.73 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 192,651 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A senior manager of product development is in charge of overseeing the efforts put into designing and manufacturing products, including quality control operations. Their responsibilities revolve around coordinating with different departments to gather data, performing research and analysis to assess existing procedures, and devising strategies to optimize processes. They may also set goals and schedules, produce progress reports, and spearhead the development of new products and services. Furthermore, as a senior manager, it is essential to lead and encourage the workforce 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.
Senior managers, product development and product managers have different pay scales, as shown below.
| Senior Manager, Product Development | Product Manager | |
| Average salary | $128,407 | $111,729 |
| Salary range | Between $95,000 And $172,000 | Between $81,000 And $152,000 |
| Highest paying City | Woonsocket, RI | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Credit Karma | Meta |
| Best paying industry | Professional | Retail |
There are a few differences between a senior manager, product development and a product manager in terms of educational background:
| Senior Manager, Product Development | Product Manager | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior managers, product development' and product managers' demographics:
| Senior Manager, Product Development | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 64.6% Female, 35.4% | 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% |