Product Operations Manager salary in the United States - Median salary (2023)

FAQs

How much is a Product Manager paid in the US? ›

How Much Does a Product Manager Make in US? The average salary for a Product Manager in US is $127,880. The average additional cash compensation for a Product Manager in US is $16,977. The average total compensation for a Product Manager in US is $144,857.

Product Manager salary in India ranges between ₹ 5.5 Lakhs to ₹ 35.0 Lakhs with an average annual salary of ₹ 16.0 Lakhs. Salary estimates are based on 25.3k salaries received from Product Managers.

The salaries of Product Operations Managers in the US range from $90,000 to $190,000 , with a median salary of $165,000 . The middle 60% of Product Operations Managers makes $165,000, with the top 80% making $190,000.

To put it simply - a lot! Depending upon the organization you end up working with, Product Management is one of the highest-paying jobs in the corporate world. An Indian MBA graduate can earn a median base salary of ₹ 15.2 lakhs per annum, excluding other salary components like bonuses.

$192,494. The estimated total pay for a Project Manager at Google is $192,494 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.

The three keys to how to negotiate a product management salary are: 1. know your value as a candidate, 2. Understand the industry norms, and 3. have a clear idea of what you want going in. Negotiating your pay ensures that you are compensated fairly for your credentials and duties.

The demand for these professionals is high in the market and many companies pay handsome amounts for this role. That's the primary reason product manager salary in India is quite high. The ever increasing demand.

Salary Ranges for Product Managers

The salaries of Product Managers in the US range from $28,000 to $525,000 , with a median salary of $111,000 .

Salary. According to Indeed, the average salary for a product manager in 2022 is $89,861 per year, while the average salary for a project manager is $77,162 per year. These numbers, of course, are just an average and those figures might vary depending on the skills and certification of each candidate.

A product ops manager serves as the point person tasked with ensuring the latest best practices, processes, and tools are in place and available for product developers and engineers so that the product team can focus on building and maintaining a product, not the tools.

Is product ops a good role? ›

It's an essential role to help cross-functional product teams work effectively and efficiently. While some companies are still coming to terms with the idea of Product Management, Product Ops already has a blueprint. Marketing ops, sales ops, and DevOps have been an essential part of business for years.

The top 5 highest paying jobs who knows Operations Management with reported salaries are: country head india - ₹50lakhs per year. vice - ₹50lakhs per year.

The average age of an employed product manager is 38 years old.

A Chief Product Officer (CPO) is the most senior product person in an organisation. They usually manage more than one team of product managers and represent product in the C-suite or management team.

Product Manager Work Environment

A product manager's work environment can be hectic and stressful. This management position requires you to conduct decision-making, problem-solving, and management tasks.

Product Manager Equity Compensation / Stock Options

For example, Product Managers at companies that have raised Over 30M typically get between 0 and 100K+ shares. However, smaller companies that have raised Under 1M are more generous with their stock compensation as it ranges between . 1 and 1%+ for Product Managers.

Senior Product Managers at FAANG companies can be paid $250,000+/year and will almost always be offered stock options packages between $40,000 - $200,000/year. However, the specifics of the stock offerings depend on the company. Senior Product Managers are rarely paid less than $110,000/year.

L5 - Associate Product Manager. L6 - Senior Product Manager. L7 - Principal Product Manager. L8 - Director.

Read below to learn the different salaries for product managers based on their level of experience. Entry-level product managers earn an average salary of $74,620 annually. Mid-level product managers can earn an average of $113,000 annually. Senior-level product managers see an average salary of $208,000 annually.

One of the hardest challenges in product management is getting people aligned—especially if they have different reporting lines and objectives. Here it helps to remember that our job is not to have all the answers—but to ask the best questions.

Do you need an MBA to be a product manager? ›

Although you currently don't need an MBA to land a job as a product manager, an advanced degree can help get your foot in the door when applying to high-profile companies. An MBA in product management can also help you climb the corporate ladder faster than you would with only a bachelor's degree.

#1 Bad Company Management and Leadership

“People don't leave companies, people leave managers,” one product manager cleverly concluded in our poll, and most product managers seem to agree. Bad company management and leadership got 431 votes which clearly makes it the number one reason why PMs leave their jobs.

Despite all of its advantages, many product managers fail to be effective in such an environment. This often happens when managers are plunged into this unfamiliar environment when they've yet to fully understand this new approach, as well as the changes it brings.

Being a product manager is lonely.

A universal aspect of Product Management that people don't expect is just how lonely it feels to be a PM. You could be working with a team of 100 people, be in 10 meetings a day, and yet often feel super-lonely because no one else shares your struggles or truly understands them.

Depending on who you ask, product managers earn more than software engineers and vice versa. Keep in mind that experience, tenure, and industry all impact whether one role makes more money than another and vice versa.

Once a product manager has around 3-5 years of experience under their belt, they can move up to the role of a senior product manager. At this level, you'll be taking on more responsibilities in your role, which include the following: Managing product managers. Managing collaboration across cross functional teams.

Product managers are both trained and selected for their ability to obsess about the customer, to merge data and empathy and to arrive at a complete picture of what the end user's life looks like and what role their product serves in the real world. They focus on their team, revenue and customers — as does a good CEO.

While a product manager sets the vision, goals, and business trajectory of a product, a project manager leads the many projects to make those goals a reality. So if the product manager is a strategic thinker, the project manager is more of a doer. It might help if we distinguish products from projects.

Product managers simply don't have any direct authority over most of the things needed to make their products successful — from user and data research through design and development to marketing, sales, and support.

Product manager ranks #3 on Glasdoor's 50 Best Jobs in America list with 14,515 current job openings.

What are top 3 skills for a product manager? ›

The Operations Manager serves in a senior position and, as such, they are expected to have significant prior experience when applying for the position. While a small company may be seeking a minimum of 3 – 5 years of experience, larger companies may require a decade or more.

In most businesses, operations managers oversee the big picture of their organization. They are responsible for managing processes, purchasing, accounting, human resources, inventory, and IT.

Average Amazon Operations Manager salary in India is ₹ 17.3 Lakhs for experience between 4 years to 15 years. Operations Manager salary at Amazon India ranges between ₹ 9.6 Lakhs to ₹ 33.2 Lakhs.

The highest levels of operations jobs are executive-level roles, where you'll collaborate with executive team members to oversee various departments and determine organizational goals according to feedback from the leadership team and shareholders.

The VP Product Operations will effectively manage product operations team, providing oversight to deliver on strategic engagements and product deliverables, ensuring the product team delivers against its commitments with the highest quality in a timely fashion.

Here are the highest paying jobs of 2022:

Anesthesiologist: $208,000. Surgeon: $208,000. Obstetrician and Gynecologist: $208,000. Orthodontist: $208,000.

Unlike CEOs, product managers also don't have any authority over things that impact their products, such as marketing, sales, resources, and research. So the role of the PM is to make the best decisions within their realm, ideally with the full support of their team.

How many hours do product managers work? ›

Generally speaking, I've noticed that most product managers aim for about 50 hours per week. Now that you've estimated your weekly bandwidth, block out your time over the next week with “free” calendar events. For each block of time, determine what objectives you will achieve in that period of time.

Product managers are happy at work (for the most part)

And this happiness isn't limited to their current work of the moment or specific role. Looking into the future, 92% of product managers are happy and want to stick with the field in their next job as well.

Some organizations use job titles such as “offering manager” or “solutions manager” to describe roles that include product management work. Depending on the product development methodology that your company uses, there may be even more title variation.

A Senior Manager, product management leads product managers while coordinating with engineering, marketing, sales, and other teams within a particular organization. They develop the product requirements and roadmaps and incorporate feedback from customers into the product strategy.

With hands-on experience in this approach, a product manager can prosper in an executive leadership position. In sum, product managers play a crucial role in product development and acquire the right skills that will help them flourish in their career and ascend to the CEO post.

As Apple CEO, Steve Jobs involved himself as a de facto product manager by having a hand in the design, direction, vision, and messaging of its most important products, including the iPod.

Part of a product manager's responsibilities is to search out, gather, handle, and prioritize customer needs and wants. Knowing the market requirements is key to a successful product. They need to understand why customers buy products as well as what the competition is doing.

Our research shows that the hardest parts of the job for many product managers are organizational comms, managing deadlines, team alignment, and balancing different responsibilities.

Product management (PM) is a challenging career. It's high stakes. It's demanding. It can make you want to tear your hair out.

The average product manager salary in New Zealand is $111,530 per year or $57.19 per hour.

Is a product manager job tough? ›

Because product management blends so many skills and responsibilities, it can be a difficult role to achieve. Product managers often work in other jobs before demonstrating the ability to develop a new product and lead a team. It requires persistence, which makes landing the position worthwhile.

The average age of an employed product manager is 38 years old.

An MBA is not a requirement for landing a job as a product manager. However, due to current demand and high pay, more professionals will likely enter the field in the coming years, and employers may become more selective in their hiring processes.

An associate product manager (APM) is an entry-level position, usually reporting to a product manager (PM) or group product manager. This is often a mentorship position secured at the start of a product manager's career.

The average Deloitte (US) Product Manager earns $121,725 annually, which includes a base salary of $100,725 with a $21,000 bonus. This total compensation is $5,780 more than the US average for a Product Manager. Product Manager salaries at Deloitte (US) can range from $86,500 - $195,000.

Product management is in the top 10 on Glassdoor's list of America's 50 best jobs (2022). Technology companies take the lead in product management with a 51%recruitment rate.

Product Managers are only to assign roles and chill!

As you grow in the position, your struggles would grow further. Product managers are not going to design the products on their own, but they are responsible for bringing up all the pieces together. As I suggested, that's where decision making is crucial.