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The differences between senior managers, product development and product managers lead 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 lead. Additionally, a product manager lead has an average salary of $138,531, which is higher than the $128,407 average annual salary of a senior manager, product development.
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 lead are architecture, QA, and product management.
| Senior Manager, Product Development | Product Manager Lead | |
| Yearly salary | $128,407 | $138,531 |
| Hourly rate | $61.73 | $66.60 |
| Growth rate | 10% | 10% |
| Number of jobs | 192,651 | 110,157 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 68% |
| 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 lead is responsible for supervising the development and strategic launch of the company's products from conceptualization to final market release. Product managers work closely with the marketing and sales team to identify efficient promotional techniques to enhance the brand's image across the market and develop outstanding features according to trends and public demands. They also handle media commitments and press releases and maximize product vision. A product manager lead directs the budgeting and sales forecasting, ensuring that the process adheres to budget limitations and deadlines.
Senior managers, product development and product managers lead have different pay scales, as shown below.
| Senior Manager, Product Development | Product Manager Lead | |
| Average salary | $128,407 | $138,531 |
| Salary range | Between $95,000 And $172,000 | Between $99,000 And $192,000 |
| Highest paying City | Woonsocket, RI | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Credit Karma | The Walt Disney Company |
| Best paying industry | Professional | Start-up |
There are a few differences between a senior manager, product development and a product manager lead in terms of educational background:
| Senior Manager, Product Development | Product Manager Lead | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 68% |
| 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 lead' demographics:
| Senior Manager, Product Development | Product Manager Lead | |
| Average age | 39 | 39 |
| Gender ratio | Male, 64.6% Female, 35.4% | Male, 69.4% Female, 30.6% |
| 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% |