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The differences between senior managers, product management and vice presidents, product management 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 vice president, product management. Additionally, a vice president, product management has an average salary of $183,231, which is higher than the $137,551 average annual salary of a senior manager, product management.
The top three skills for a senior manager, product management include product management, SR and product development. The most important skills for a vice president, product management are product management, analytics, and product strategy.
| Senior Manager, Product Management | Vice President, Product Management | |
| Yearly salary | $137,551 | $183,231 |
| Hourly rate | $66.13 | $88.09 |
| Growth rate | 10% | 10% |
| Number of jobs | 204,090 | 185,361 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| 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 vice president of product management is responsible for handling the overall operational decisions of product deliverables, creating strategic procedures for product marketing strategy, and ensuring that the outputs provide the highest customer satisfaction. The vice president of product management monitors the department's budget, allocating adequate resources to every team to support operational promotions and research on current market trends. They also adjust product management approaches to meet the company's goals and objectives and identify opportunities to increase revenues and profitability.
Senior managers, product management and vice presidents, product management have different pay scales, as shown below.
| Senior Manager, Product Management | Vice President, Product Management | |
| Average salary | $137,551 | $183,231 |
| Salary range | Between $102,000 And $185,000 | Between $127,000 And $262,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Oregon | Alaska |
| Best paying company | Coinbase | Okta |
| Best paying industry | Retail | Start-up |
There are a few differences between a senior manager, product management and a vice president, product management in terms of educational background:
| Senior Manager, Product Management | Vice President, Product Management | |
| Most common degree | Bachelor's Degree, 68% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior managers, product management' and vice presidents, product management' demographics:
| Senior Manager, Product Management | Vice President, Product Management | |
| Average age | 39 | 39 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 80.9% Female, 19.1% |
| 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% |