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The differences between senior vice presidents, engineering and vice presidents, product management can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a senior vice president, engineering, becoming a vice president, product management takes usually requires 8-10 years. Additionally, a senior vice president, engineering has an average salary of $202,767, which is higher than the $183,231 average annual salary of a vice president, product management.
The top three skills for a senior vice president, engineering include cloud, infrastructure and SVP. The most important skills for a vice president, product management are product management, analytics, and product strategy.
| Senior Vice President, Engineering | Vice President, Product Management | |
| Yearly salary | $202,767 | $183,231 |
| Hourly rate | $97.48 | $88.09 |
| Growth rate | 2% | 10% |
| Number of jobs | 89,222 | 185,361 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 70% |
| Average age | 48 | 39 |
| Years of experience | - | 10 |
A senior vice president supervises a department, and they typically report to a company president or CEO. They ensure employees comply with company policy, set company goals, and develop business strategies. They may also be responsible for developing budgets, evaluating profits, and calculating financial risk.
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 vice presidents, engineering and vice presidents, product management have different pay scales, as shown below.
| Senior Vice President, Engineering | Vice President, Product Management | |
| Average salary | $202,767 | $183,231 |
| Salary range | Between $134,000 And $304,000 | Between $127,000 And $262,000 |
| Highest paying City | Seattle, WA | San Francisco, CA |
| Highest paying state | Alaska | Alaska |
| Best paying company | RH | Okta |
| Best paying industry | Media | Start-up |
There are a few differences between a senior vice president, engineering and a vice president, product management in terms of educational background:
| Senior Vice President, Engineering | Vice President, Product Management | |
| Most common degree | Bachelor's Degree, 64% | Bachelor's Degree, 70% |
| Most common major | Electrical Engineering | Business |
| Most common college | University of Michigan - Ann Arbor | University of Georgia |
Here are the differences between senior vice presidents, engineering' and vice presidents, product management' demographics:
| Senior Vice President, Engineering | Vice President, Product Management | |
| Average age | 48 | 39 |
| Gender ratio | Male, 88.6% Female, 11.4% | Male, 80.9% Female, 19.1% |
| Race ratio | Black or African American, 2.9% Unknown, 4.6% Hispanic or Latino, 8.3% Asian, 15.4% White, 68.7% 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 | 9% | 10% |