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The differences between vice president, product managers and 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 vice president, product manager and a product manager. Additionally, a vice president, product manager has an average salary of $144,547, which is higher than the $111,729 average annual salary of a product manager.
The top three skills for a vice president, product manager include product management, project management and portfolio. The most important skills for a product manager are product management, QA, and product strategy.
| Vice President, Product Manager | Product Manager | |
| Yearly salary | $144,547 | $111,729 |
| Hourly rate | $69.49 | $53.72 |
| Growth rate | 10% | 10% |
| Number of jobs | 134,144 | 125,678 |
| Job satisfaction | - | 5 |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 72% |
| Average age | 39 | 39 |
| Years of experience | 10 | 10 |
A vice president, product manager is an executive professional who is responsible for managing a team of product managers that guide the success of a product and improving it. This vice president must develop marketing initiatives that could drive customer growth, product development, and improving cross-sell campaigns. The vice president should collaborate with multiple teams to provide various product ideas and business cases. This vice president must also interact with clients so that they can identify their needs and address issues related to the product.
A product manager is responsible for ensuring product development, providing the best marketing strategies, and effectively handling the sales and marketing team. Product managers' duties include monitoring the market trends and conditions, identifying business opportunities and plan initiatives, and collaborating the product launch process with the appropriate departments. A product manager is also responsible for generating ideas on improving product features, determining timetables and reasonable pricing, and analyzing product sales. A product manager must have excellent strategic and decision-making skills to contribute to its growth and profitability.
Vice president, product managers and product managers have different pay scales, as shown below.
| Vice President, Product Manager | Product Manager | |
| Average salary | $144,547 | $111,729 |
| Salary range | Between $102,000 And $204,000 | Between $81,000 And $152,000 |
| Highest paying City | San Francisco, CA | San Francisco, CA |
| Highest paying state | Rhode Island | California |
| Best paying company | Pacific Investment Management Company LLC | Meta |
| Best paying industry | Finance | Retail |
There are a few differences between a vice president, product manager and a product manager in terms of educational background:
| Vice President, Product Manager | Product Manager | |
| Most common degree | Bachelor's Degree, 78% | Bachelor's Degree, 72% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Georgia |
Here are the differences between vice president, product managers' and product managers' demographics:
| Vice President, Product Manager | Product Manager | |
| Average age | 39 | 39 |
| Gender ratio | Male, 64.6% Female, 35.4% | Male, 65.3% Female, 34.7% |
| 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% |