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The differences between senior product consultants 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 product consultant and a product manager. Additionally, a product manager has an average salary of $111,729, which is higher than the $108,908 average annual salary of a senior product consultant.
The top three skills for a senior product consultant include project management, healthcare and product development. The most important skills for a product manager are product management, QA, and product strategy.
| Senior Product Consultant | Product Manager | |
| Yearly salary | $108,908 | $111,729 |
| Hourly rate | $52.36 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 117,211 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Senior product consultants analyze software and product objectives and customers' technical and business requirements to create an application design that meets the customers' requirements. They estimate the resources' quantity, quality, and time frames to complete various activities like developing a program incorporating each project variable. These professionals ensure the projects receive the appropriate company resources, allowing each project to get handled as per the plan. Senior product consultants also establish criteria relating to deliverables, maintenance, costs, design, and performance.
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 product consultants and product managers have different pay scales, as shown below.
| Senior Product Consultant | Product Manager | |
| Average salary | $108,908 | $111,729 |
| Salary range | Between $82,000 And $143,000 | Between $81,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Moody's | Meta |
| Best paying industry | Manufacturing | Retail |
There are a few differences between a senior product consultant and a product manager in terms of educational background:
| Senior Product Consultant | Product Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior product consultants' and product managers' demographics:
| Senior Product Consultant | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 58.0% Female, 42.0% | 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% |