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The differences between senior managers, product management and managers, strategy 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 management and a manager, strategy. Additionally, a senior manager, product management has an average salary of $137,551, which is higher than the $109,831 average annual salary of a manager, strategy.
The top three skills for a senior manager, product management include product management, SR and product development. The most important skills for a manager, strategy are project management, portfolio, and client facing.
| Senior Manager, Product Management | Manager, Strategy | |
| Yearly salary | $137,551 | $109,831 |
| Hourly rate | $66.13 | $52.80 |
| Growth rate | 10% | 10% |
| Number of jobs | 204,090 | 148,326 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 65% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A senior product manager is responsible for handling the product management processes, identifying product improvement strategies, and launching the product brand on various market and media platforms. Senior product managers work closely with the marketing and public relations team to promote product releases through digital content publishing, media interviews, and social events. They also coordinate with the clients on progress updates, provide statistical analysis, and inform them of any adjustments on product development procedures. A senior product manager should have excellent critical-thinking and organizational skills in implementing and expanding product awareness to the public within budget goals and set timeframes.
A strategy manager is an individual who reviews a company's objectives for growth and works with executives to formulate actionable plans to achieve these objectives. To make comprehensive recommendations, strategy managers must conduct data analysis of the organization as well as the overall industry. They must provide assessments of market trends and identify business threats and opportunities. Strategy managers should also work with department heads to develop individual team goals and break them down into actionable steps for the employees to complete.
Senior managers, product management and managers, strategy have different pay scales, as shown below.
| Senior Manager, Product Management | Manager, Strategy | |
| Average salary | $137,551 | $109,831 |
| Salary range | Between $102,000 And $185,000 | Between $78,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | California |
| Best paying company | Coinbase | McKinsey & Company Inc |
| Best paying industry | Retail | Technology |
There are a few differences between a senior manager, product management and a manager, strategy in terms of educational background:
| Senior Manager, Product Management | Manager, Strategy | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior managers, product management' and managers, strategy' demographics:
| Senior Manager, Product Management | Manager, Strategy | |
| Average age | 39 | 39 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 64.7% Female, 35.3% |
| 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% |