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The differences between software product managers and revenue 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 revenue manager. Additionally, a software product manager has an average salary of $110,785, which is higher than the $86,270 average annual salary of a revenue manager.
The top three skills for a software product manager include product management, software products and software development. The most important skills for a revenue manager are revenue cycle, reservations, and customer service.
| Software Product Manager | Revenue Manager | |
| Yearly salary | $110,785 | $86,270 |
| Hourly rate | $53.26 | $41.48 |
| Growth rate | 10% | 10% |
| Number of jobs | 126,167 | 110,405 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 63% |
| 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.
A revenue manager is responsible for conducting price analysis and revenue strategies to support business development and improve marketing techniques. Revenue managers research on the current market trends, evaluate statistical data of resources, maintain reasonable rates, and match the competitiveness of other hotel industries. They also work closely with the marketing and public relations team on releasing press releases, managing media appearance, and publishing content on the digital platform. A revenue manager must have excellent communication and organizational skills, tracking business and financial transactions, and coordinating with potential clients for partnerships.
Software product managers and revenue managers have different pay scales, as shown below.
| Software Product Manager | Revenue Manager | |
| Average salary | $110,785 | $86,270 |
| Salary range | Between $78,000 And $155,000 | Between $59,000 And $124,000 |
| Highest paying City | Palo Alto, CA | Novato, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Meta |
| Best paying industry | Automotive | Technology |
There are a few differences between a software product manager and a revenue manager in terms of educational background:
| Software Product Manager | Revenue Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 63% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between software product managers' and revenue managers' demographics:
| Software Product Manager | Revenue Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 75.4% Female, 24.6% | Male, 41.6% Female, 58.4% |
| 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% |