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The differences between technical product managers and business product 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 technical product manager and a business product manager. Additionally, a business product manager has an average salary of $123,607, which is higher than the $120,052 average annual salary of a technical product manager.
The top three skills for a technical product manager include technical product, product management and cloud. The most important skills for a business product manager are product management, project management, and market research.
| Technical Product Manager | Business Product Manager | |
| Yearly salary | $120,052 | $123,607 |
| Hourly rate | $57.72 | $59.43 |
| Growth rate | 10% | 10% |
| Number of jobs | 185,305 | 189,393 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 74% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A technical product manager's responsibilities revolve around performing research and analysis to identify consumers' needs, utilizing new technologies to develop strategies and products, coordinating with different teams, and monitoring the entire progress of production. There are also instances when a technical product manager must perform clerical tasks such as producing reports, preparing presentations, responding to issues and concerns promptly, and managing schedules. Furthermore, as a manager, it is essential to lead and encourage staff to meet goals while implementing the company's policies and regulations.
A business product manager is primarily in charge of overseeing a company's product and service development procedures, ensuring quality and marketability. Their responsibilities typically revolve around gathering and analyzing data to understand and identify product requirements, coordinating with the engineering and quality control teams, determining the marketing opportunities, managing the roadmaps, and developing strategies to meet the consumers' needs. Furthermore, as a business product manager, it is essential to lead and encourage the workforce to reach goals, all while implementing the company's policies and regulations.
Technical product managers and business product managers have different pay scales, as shown below.
| Technical Product Manager | Business Product Manager | |
| Average salary | $120,052 | $123,607 |
| Salary range | Between $89,000 And $161,000 | Between $88,000 And $173,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | California | California |
| Best paying company | Meta | Meta |
| Best paying industry | Technology | - |
There are a few differences between a technical product manager and a business product manager in terms of educational background:
| Technical Product Manager | Business Product Manager | |
| Most common degree | Bachelor's Degree, 69% | Bachelor's Degree, 74% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between technical product managers' and business product managers' demographics:
| Technical Product Manager | Business Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 75.8% Female, 24.2% | Male, 64.1% Female, 35.9% |
| 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% |