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The differences between software product managers and pricing 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 software product manager and a pricing manager. Additionally, a software product manager has an average salary of $110,785, which is higher than the $109,525 average annual salary of a pricing manager.
The top three skills for a software product manager include product management, software products and software development. The most important skills for a pricing manager are analytics, pricing strategy, and strategic pricing.
| Software Product Manager | Pricing Manager | |
| Yearly salary | $110,785 | $109,525 |
| Hourly rate | $53.26 | $52.66 |
| Growth rate | 10% | 10% |
| Number of jobs | 126,167 | 119,997 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 66% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
Software product managers are individuals who lead and handle products from their inception to their phase-out. The managers establish customer value and carry out measurable benefits for business. They translate data from the discovery phase into product requirements. Understanding technology, expertise in the field, technical skills are necessary to become successful in this job. They analyze competition in the market and the factors that make it valuable.
Pricing managers are employees who oversee the pricing needs of the organization. They identify the best pricing schemes for the company's product or service offerings. To do this, pricing managers analyze industry trends and current events. They study the target market and their spending behavior. They also coordinate with different departments, such as the production department to get the cost of production and the human resources department to get overhead costs. They also factor in different operational costs. Once they get this data, they determine the best pricing for the goods. Pricing managers also have a say in company tie-ups and client proposals to ensure that the company will not get the losing end of the stick with such partnerships.
Software product managers and pricing managers have different pay scales, as shown below.
| Software Product Manager | Pricing Manager | |
| Average salary | $110,785 | $109,525 |
| Salary range | Between $78,000 And $155,000 | Between $80,000 And $149,000 |
| Highest paying City | Palo Alto, CA | San Francisco, CA |
| Highest paying state | California | Arizona |
| Best paying company | Meta | McKinsey & Company Inc |
| Best paying industry | Automotive | Technology |
There are a few differences between a software product manager and a pricing manager in terms of educational background:
| Software Product Manager | Pricing Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between software product managers' and pricing managers' demographics:
| Software Product Manager | Pricing Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 75.4% Female, 24.6% | Male, 57.8% Female, 42.2% |
| 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% |