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The differences between senior product managers 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 product manager and a vice president, product management. Additionally, a vice president, product management has an average salary of $183,231, which is higher than the $133,868 average annual salary of a senior product manager.
The top three skills for a senior product manager include product management, cloud and product strategy. The most important skills for a vice president, product management are product management, analytics, and product strategy.
| Senior Product Manager | Vice President, Product Management | |
| Yearly salary | $133,868 | $183,231 |
| Hourly rate | $64.36 | $88.09 |
| Growth rate | 10% | 10% |
| Number of jobs | 119,025 | 185,361 |
| Job satisfaction | 4 | - |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 70% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A senior product manager oversees the workflow and workforce involved in product and service development, ensuring a high return for its investments. They are primarily responsible for assessing and providing recommendations, producing review and reference documents, and obtaining feedback from consumers and high-ranking company personnel. Furthermore, as a senior product manager, they must lead a group of product managers, motivating and supervising them in their joint effort to accomplish goals according to the company's standards and policies.
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 product managers and vice presidents, product management have different pay scales, as shown below.
| Senior Product Manager | Vice President, Product Management | |
| Average salary | $133,868 | $183,231 |
| Salary range | Between $98,000 And $182,000 | Between $127,000 And $262,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | Alaska |
| Best paying company | Roku | Okta |
| Best paying industry | Start-up | Start-up |
There are a few differences between a senior product manager and a vice president, product management in terms of educational background:
| Senior Product Manager | Vice President, Product Management | |
| Most common degree | Bachelor's Degree, 72% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between senior product managers' and vice presidents, product management' demographics:
| Senior Product Manager | Vice President, Product Management | |
| Average age | 39 | 39 |
| Gender ratio | Male, 68.5% Female, 31.5% | 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% |