What is a Senior Product Manager

A senior product manager is the head product manager who leads a group of product managers and is responsible for overseeing product development from conception to delivery. You are responsible for developing product strategies that are consistent with the vision of your company and are determined to yield a high return on investments. It is also very vital that you track the impact of your product on consumers by collecting and analyzing feedback.

Senior product managers are creative and are constantly coming up with strategies to expand the product base and vision, thereby maximizing profitability. You must be on your toes, motivating the team to ensure a continuous workflow between teams involved in product development and ensuring that deadlines are met.

An average senior product manager makes a whooping sum of $138,026 per year. Most of them have degrees in marketing, business administration, or other related fields. Senior product managers are required to have good research skills, excellent communication skills, team leadership skills, and basic design skills, amongst others.

There is more than meets the eye when it comes to being a Senior Product Manager. For example, did you know that they make an average of $64.67 an hour? That's $134,508 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 21,800 job opportunities across the U.S.

What Does a Senior Product Manager Do

There are certain skills that many Senior Product Managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Analytical skills, Communication skills and Creativity.

Learn more about what a Senior Product Manager does

How To Become a Senior Product Manager

If you're interested in becoming a Senior Product Manager, one of the first things to consider is how much education you need. We've determined that 72.1% of Senior Product Managers have a bachelor's degree. In terms of higher education levels, we found that 21.6% of Senior Product Managers have master's degrees. Even though most Senior Product Managers have a college degree, it's impossible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a Senior Product Manager. When we researched the most common majors for a Senior Product Manager, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Senior Product Manager resumes include Associate Degree degrees or Doctoral Degree degrees.

You may find that experience in other jobs will help you become a Senior Product Manager. In fact, many Senior Product Manager jobs require experience in a role such as Product Manager. Meanwhile, many Senior Product Managers also have previous career experience in roles such as Project Manager or Senior Project Manager.

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Average Salary
$134,508
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
137,639
Job Openings
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Average Salary for a Senior Product Manager

Senior Product Managers in America make an average salary of $134,508 per year or $65 per hour. The top 10 percent makes over $176,000 per year, while the bottom 10 percent under $102,000 per year.
Average Salary
$134,508
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12 Senior Product Manager Resume Examples

Learn How To Write a Senior Product Manager Resume

At Zippia, we went through countless Senior Product Manager resumes and compiled some information about how to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Senior Product Manager Resume Examples And Templates

And if you’re looking for a job, here are the five top employers hiring now:

  1. eBay Jobs (173)
  2. LinkedIn Jobs (77)
  3. Intuit Jobs (125)
  4. VMware Jobs (130)
  5. Microsoft Jobs (250)

Choose From 10+ Customizable Senior Product Manager Resume templates

Zippia allows you to choose from different easy-to-use Senior Product Manager templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Senior Product Manager resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Senior Product Manager Demographics

Senior Product Manager Gender Statistics

male

68.5 %

female

31.5 %

Senior Product Manager Ethnicity Statistics

White

71.3 %

Hispanic or Latino

11.9 %

Asian

9.7 %

Senior Product Manager Foreign Languages Spoken Statistics

Spanish

26.4 %

French

10.9 %

Chinese

10.7 %
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Senior Product Manager Education

Senior Product Manager Majors

24.9 %
12.3 %

Senior Product Manager Degrees

Bachelors

72.1 %

Masters

21.6 %

Associate

3.9 %

Top Colleges for Senior Product Managers

1. University of Georgia

Athens, GA • Private

In-State Tuition
$11,830
Enrollment
29,474

2. University of Wisconsin - Madison

Madison, WI • Private

In-State Tuition
$10,555
Enrollment
30,360

3. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

4. Purdue University

West Lafayette, IN • Private

In-State Tuition
$9,992
Enrollment
33,495

5. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

6. Ohio State University

Columbus, OH • Private

In-State Tuition
$10,726
Enrollment
45,769

7. University of Texas at Austin

Austin, TX • Private

In-State Tuition
$10,610
Enrollment
40,329

8. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

9. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

10. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990
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Top Skills For a Senior Product Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 10.1% of Senior Product Managers listed Product Management on their resume, but soft skills such as Analytical skills and Communication skills are important as well.

Best States For a Senior Product Manager

Some places are better than others when it comes to starting a career as a Senior Product Manager. The best states for people in this position are California, New York, Washington, and Massachusetts. Senior Product Managers make the most in California with an average salary of $137,705. Whereas in New York and Washington, they would average $125,944 and $123,775, respectively. While Senior Product Managers would only make an average of $122,113 in Massachusetts, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. California

Total Senior Product Manager Jobs:
8,942
Highest 10% Earn:
$180,000
Location Quotient:
1.8
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Washington

Total Senior Product Manager Jobs:
2,486
Highest 10% Earn:
$161,000
Location Quotient:
2
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Oregon

Total Senior Product Manager Jobs:
1,080
Highest 10% Earn:
$156,000
Location Quotient:
1.53
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Senior Product Managers

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Top Senior Product Manager Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ Senior Product Managers and discovered their number of Senior Product Manager opportunities and average salary. Through our research, we concluded that Amazon was the best, especially with an average salary of $141,153. Microsoft follows up with an average salary of $152,984, and then comes Walmart with an average of $149,580. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a Senior Product Manager. The employers include Dell, Salesforce, and Pegasystems

Most Common Employers For Senior Product Manager

RankCompanyZippia ScoreAverage Senior Product Manager SalaryAverage Salary
1$174,244
2$167,648
3$159,412
4$158,666
5$157,856
6$152,984

Senior Product Manager Videos

Becoming a Senior Product Manager FAQs

Do product managers get paid well?

Yes, product managers get paid well. The average annual base salary of a product manager is approximately $95,000. There are a number of factors that impact the salary of a product manager, including where and who they work for.

Product managers that work for large companies such as Oracle and Boeing can earn well over $150,000 per year. The city or area of the country that you are working in as a product manager also impacts your compensation.

A product manager in cities like San Francisco, Seattle, and New York can expect to make 10% more than elsewhere in the country.

Product managers also average an annual bonus of over $8,000 annually. When combined with the average salary, a product manager should expect to earn approximately $103,000 a year.

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How long does it take to become a senior product manager?

It takes 6 to 8 years to become a senior product manager. There are different pathways into this position. A product manager is tuned into customer needs and leads the team to find or create the product or features that will fulfill the demand.

This job takes business savvy and a mix of education and experience in the field. Many candidates for the senior position have at least three years in the workplace and may come in with a bachelor's or graduate business degree.

There are eight-week programs to develop the product manager skillset. Even so, you need to gain time in the workplace.

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How much does a senior product manager at Amazon earn?

A senior product manager at Amazon earns $148,700 as a base salary, on average. Additional bonuses and stock options can add $40,000 annually.

You are given several specified shares on your vest date, which you can hold or sell immediately. There are different levels product managers move through; L5 is considered a senior position. Salaries vary based on years of experience and location.

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What makes a good senior product manager?

A good senior product manager needs a sense of vision and excellent communication skills. In this position, you are keeping your finger on the pulse of what consumers want.

You may be involved in product development, strategy, and launch. You are motivating your team throughout the product's lifecycle. This requires an understanding of the market and strong leadership.

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What qualifications do I need to be a product manager?

Product managers need to have a minimum of a bachelor's degree and some relevant work experience. Education and work experiences are both essential in becoming a product manager, but both can vary a great deal.

While most individuals pursuing work as a product manager receive a bachelor's degree in business or a related field, some focus on an industry-specific degree such as agriculture or engineering. This provides graduates with knowledge within their field of management.

The key to working as a successful product manager is experience. Because of this, most product managers learn while on the job. They typically work at various levels within a company before becoming a product manager.

Working at these other levels provides the candidate with knowledge of the stages and potential issues that may need to be addressed as a product manager.

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What's the difference between a product manager and a senior product manager?

The difference between a product manager and a senior product manager is the range of responsibilities.

The senior product manager will enjoy increased product ownership, whereas the product manager will have more to do with ground-level execution and launch.

Senior management has spent more time in the role and workplace and will be paid more in salary and bonuses, and mentoring junior staff. The senior product manager may be given more complex or prestigious products to work on.

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