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The differences between senior managers, product management and product development 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 management and a product development manager. Additionally, a senior manager, product management has an average salary of $137,551, which is higher than the $113,437 average annual salary of a product development manager.
The top three skills for a senior manager, product management include product management, SR and product development. The most important skills for a product development manager are product development, project management, and lifecycle management.
| Senior Manager, Product Management | Product Development Manager | |
| Yearly salary | $137,551 | $113,437 |
| Hourly rate | $66.13 | $54.54 |
| Growth rate | 10% | 10% |
| Number of jobs | 204,090 | 166,871 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| 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 product development manager spearheads the development of new products within a company. Most of the time, their responsibilities revolve around conducting marketing research and analysis to determine consumers' needs, coordinating with the product development team to come up with new ideas, proposing business plans to the executives, and creating prototypes. A product development manager must also present a cost analysis, produce progress reports, and address inquiries and concerns. Furthermore, as a manager, it is essential to lead and encourage the staff, all while adhering to the company's policies and regulations.
Senior managers, product management and product development managers have different pay scales, as shown below.
| Senior Manager, Product Management | Product Development Manager | |
| Average salary | $137,551 | $113,437 |
| Salary range | Between $102,000 And $185,000 | Between $84,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | Nevada |
| Best paying company | Coinbase | Meta |
| Best paying industry | Retail | Retail |
There are a few differences between a senior manager, product management and a product development manager in terms of educational background:
| Senior Manager, Product Management | Product Development Manager | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 73% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior managers, product management' and product development managers' demographics:
| Senior Manager, Product Management | Product Development Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 62.2% Female, 37.8% |
| 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% |