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The differences between senior merchandising managers 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 merchandising manager and a product manager. Additionally, a product manager has an average salary of $111,729, which is higher than the $111,266 average annual salary of a senior merchandising manager.
The top three skills for a senior merchandising manager include direct reports, digital marketing and SR. The most important skills for a product manager are product management, QA, and product strategy.
| Senior Merchandising Manager | Product Manager | |
| Yearly salary | $111,266 | $111,729 |
| Hourly rate | $53.49 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 66,332 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
The primary job of a senior merchandising manager is to monitor market trends for product design, levels, and pricing identification. Senior merchandising managers source, manage and curate the products and/or services and promotional materials of a company. They oversee the purchasing process of corporations. It is part of their job to negotiate with the company's suppliers. Their duties also include predicting the trends and demands of corporate inventory.
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 merchandising managers and product managers have different pay scales, as shown below.
| Senior Merchandising Manager | Product Manager | |
| Average salary | $111,266 | $111,729 |
| Salary range | Between $79,000 And $155,000 | Between $81,000 And $152,000 |
| Highest paying City | San Bruno, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Chewy | Meta |
| Best paying industry | Manufacturing | Retail |
There are a few differences between a senior merchandising manager and a product manager in terms of educational background:
| Senior Merchandising Manager | Product Manager | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior merchandising managers' and product managers' demographics:
| Senior Merchandising Manager | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 49.2% Female, 50.8% | 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% |