Product manager salaries san francisco: Product Manager I Salary in San Francisco, CA

Опубликовано: February 3, 2023 в 5:33 am

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Product Manager Salary in San Francisco Bay Area, CA

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FAQ

  1. What is the salary of a Product Manager in San Francisco Bay Area, US?

    The average salary of a Product Manager in San Francisco Bay Area, US is $271,500.

  2. What is the minimum salary of a Product Manager in San Francisco Bay Area, US?

    While there is no minimum salary for a Product Manager in the San Francisco Bay Area, US, the average salary is $271,500.

  3. What company pays the most for a Product Manager in San Francisco Bay Area, US?

    The highest paying company for a Product Manager in San Francisco Bay Area, US is Facebook with an average salary of $410,000.

  4. I have a different question

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Product Manager Salary in SF Bay Area

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Product Managers are typically responsible for the strategy, roadmap and feature definition of a given product or product area. They are expected to deeply understand customer needs and deliver value based on them. They serve as the leader across many cross-functional groups, bridging connections and fostering collaboration across an organization.

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We don’t have enough data for SF Bay Area,so we’ve calculated your salary information for the San Francisco Bay Area instead:

Based on real Hired interview data, Product Managers in SF Bay Area earn an average annual salary of

Based on real Hired interview data, Product Managers in SF Bay Area earn an average annual salary of

$166,246

The salaries of candidates in this role range from a low of $110,000 to a high of $225,000, with a median salary of $165,000.

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Compare Product Manager salaries by region

Product Managers are highest in demand in SF Bay Area, New York, and London.

Browse and compare average salaries in locations where this role is also popular:

  1. Austin
  2. $178,513
  3. SF Bay Area
  4. $176,427
  5. Seattle
  6. $176,351
  7. Philadelphia
  8. $167,500
  9. Boston
  10. $166,000
  11. Denver
  12. $162,647
  13. New York
  14. $160,299
  15. Atlanta
  16. $160,295
  17. Los Angeles
  18. $158,618
  19. San Diego
  20. $154,583
  21. Washington D.C.
  22. $153,563
  23. Dallas/Ft Worth
  24. $149,432
  25. Toronto
  26. C$139,871
  27. Chicago
  28. $134,959
  29. Houston
  30. $116,000
  31. London
  32. £83,720
  1. Austin
  2. $178,513
  3. SF Bay Area
  4. $176,427
  5. Seattle
  6. $176,351
  7. Philadelphia
  8. $167,500
  9. Boston
  10. $166,000
  11. Denver
  12. $162,647
  13. New York
  14. $160,299
  15. Atlanta
  16. $160,295
  17. Los Angeles
  18. $158,618
  19. San Diego
  20. $154,583
  21. Washington D. C.
  22. $153,563
  23. Dallas/Ft Worth
  24. $149,432
  25. Toronto
  26. C$139,871
  27. Chicago
  28. $134,959
  29. Houston
  30. $116,000
  31. London
  32. £83,720

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DevOps Engineer

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Database Administrator

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Gaming Engineer

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AR/VR Engineer

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QA Manual Test Engineer

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NOC Engineer

Project Manager

Program Manager

IT Project Manager

Technical Program Manager

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Where Product Managers are highest in demand

    Product Managers are highest in demand in SF Bay Area, New York, and London. Browse and compare average salaries in locations where this role is also popular:

Browse Product Manager jobs in SF Bay Area

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15 Statistical Facts You Should Know About a Career in Product Management

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Author: Ben Eston
, you won’t be lost. As long as a company has a product, it needs a product manager.

This point of view is supported by the American consulting company McKinsey & Company. The company states that “the role of the product manager is expanding due to the growing importance of data in decision making, increased focus on customers and design, and advances in software development methodologies.”

If you enjoy understanding who your customers are, their needs, and why they behave in certain ways, you can excel as a product manager. In addition to this, you need to be interested in competing products, determine the role of the product in the larger business scheme, and how it will be sold to customers.

If you’re intrigued by the product manager role, here are 15 product management career statistics you need to know:

How many people are product managers?

Trying to get an idea of ​​the number of product managers, we searched the social network LinkedIn, which brings together professionals around the world. We found that 698,945 people listed as Product Manager in their profiles (August 22, 2020). Of course, the actual numbers are likely to be higher because some people may not have LinkedIn profiles.

A user on the US Q&A website Quora reports that a 2014 LinkedIn search using the words “How many product managers are there in the US” showed the number to be 146,333. This indicates an increase of more than half a million in about six years.

What is the gender ratio in product management?

In one report, 66.1% of product managers surveyed were male; 32.1% – women.

Product School, a global provider of product management training, conducted a survey of over 500,000 members of the product management community and released a report in January 2020 titled The Future of Product Management. The results show that 66.1% of the respondents were male and 32. 1% were female. The remaining 1.3% of respondents chose not to indicate their gender.

What does a product manager do?

Almost 80% of product managers are involved in design, according to McKinsey & Company. The same percentage is involved in product launch decisions, and half of them are also involved in pricing decisions.

The same organization reports that “60 percent of product managers have basic analytical skills that allow them to dive into metrics and draw conclusions without relying on analysts.

The pie chart below gives an idea of ​​what most product managers say they do most of their time. Product managers spend most of their time defining product strategy and interacting with technical and design teams.

Percentage of time product managers spend on unscheduled emergency responses

Product managers often encounter problems late in the product development lifecycle.

In this age of the Internet, where information travels at lightning speed, it’s easy to see why product managers often get caught up in trying to solve problems late in the product development lifecycle. Clients also usually have more information, which makes them more demanding. Consequently, product managers report that they spend 52% of their time on unplanned activities making product changes.

What percentage of graduates are employed by product managers?

A Wall Street Journal article reports that 7% of Harvard Business School graduates have taken jobs in product management. The same article also reports that Harvard Business School reports that it can only accept one out of every three applications for its Product Management 101 course.Finding the average salary of a product manager reporting methods. However, it is important to note that wages are affected by demand, location, and living standards in different parts of the world. One popular source of salary information, Glassdoor, a US job portal, analyzed 40,713 salaries and estimated the average base salary for a product manager to be around 1089.$92 per year. Given the 2015 US Census data showing the median household income in the US was $56,516, it’s easy to see that product managers are well paid.

Globally, the average base salary for a product manager is $110,916 per year. In the US, the highest median base wage is $108,992. In contrast, India pays product managers an average of $21,687 per year.

In the US, the highest average base salary for product managers is 108 992 dollars.

Where are the highest and lowest salaries for product managers in the US?

Product managers in the East and West Coast regions are among the highest paid product managers in the US. According to US software company Aha!, San Francisco product managers earn an average salary of $129,000. Product managers also receive an average salary of 119000 and $108,000 in Seattle and Los Angeles. In New York and Boston, they earn an average salary of $107,000 and $109,000 respectively.

In the US Midwest and the Rocky Mountains, product managers earn the lowest average salaries. In Chicago and Denver, the median salary is $99,000 and $95,000, while in Minneapolis it is $103,000.

Which industry is the highest paid product manager?

Some Product Managers at Google, Slack, Uber, and Microsoft can average over $200,000 a year. These companies are considered to be some of the best places to work as Product Managers.

Which companies hire product managers?

When it comes to which companies are hiring the most product managers, it’s obvious that these are the top tech companies in the top spot. Online course provider Upgrad.com has identified the top three companies hiring product managers:

Uber : It’s easy to see why so many graduates go to a company like Uber. The transportation company claims to have made 7 billion trips in 2019. To accomplish such a feat, “data-driven product development strategies in sync with the company’s vision and mission” are needed.

Microsoft : With an average salary of $188,924 and the reputation the company has around the world, many see this company as a place that will provide a stable job and a great atmosphere for professional growth.

Amazon : With just two years of work experience and a master’s degree in business administration, marketing, finance, or engineering, you could work as a product manager at Amazon.

Companies such as Apple, Facebook, Uline, Zillow, SAP, Adobe, and LinkedIn have open positions at various levels in cities across the US and around the world.

What education do product managers have?

A bachelor’s degree in business is enough to start a career in product management. It gives you essential skills such as marketing, operational and financial management.

A master’s degree will make you an ideal candidate for a managerial position in product management. It will give you additional communication skills when communicating with stakeholders and skills that will make other leaders respect your experience.

Course “Management of a software product. Creation and launch of a product”

Software product management course for those who want to understand what software products are and how to become an IT product manager

Intensive “Soft Skills in IT: negotiation and communication” clients and teams to improve their business communication skills and those who want to succeed in interviews

UX/UI Design course

Practical course on the basics of UX/UI design from an experienced mentor.

Where is the best place to work as a product manager?

According to career portal Zippia.com, Washington is the best place to work as a product manager. His median annual salary is $122,737.

The table below lists the top five states named by Zippia as the best places to work as a product manager in 2020.

What is the average experience of product managers?

Pragmatic Marketing Inc., a product management and marketing education company, conducted a survey on product management in 2016. More than 2,500 product managers took part in the survey.

According to the results of the survey, 26% of product managers had 3-5 years of work experience. This was followed by 24% with work experience of 6-10 years. The study also found that about 39% of those surveyed were between the ages of 35 and 44.

What kind of companies do product managers want to work for?

According to a Product School survey, 55% of product managers prefer to work for small and medium-sized companies because of their agility and willingness to try new things. The share of product managers who prefer to work in larger companies with more resources and better pay is 45%. Another 5% report that they will work for any company that suits their personal preferences.

Growing demand for product managers?

Glassdoor ranks Product Manager as the 4th best job in the US for 2020. There are currently around 12,173 product manager listings on the job portal.

In the US, interest in product management has doubled over the past five years. You can expect the product manager position to be relevant because there will always be a need for products.

What are the key skills that product managers will need in the future?

Product managers need a combination of skills. They must be proficient in “soft” skills such as leadership and communication, as well as “hard” skills (such as artificial intelligence, data processing, and working knowledge of tools such as product management software or product development software). Professionals in the field are expected to be able to properly combine these two sets of skills.

According to LinkedIn’s ‘Most in-demand hard and soft skills in 2020’ report, AI, data science, and UX design are the top three hard skills that will be most in-demand among product managers in the future. Among the “flexible” skills, the leading positions are occupied by leadership, communication and creativity.

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What’s the Difference Between Product Manager and Product Owner

Product Owner (PO) and Product Manager (PM) are the team leaders. They are responsible for the development of the product, as well as for the result – whether it was possible to provide a solution to the client’s problem. It is precisely because both specialists pursue the same goal that it is difficult to distinguish between their duties. If you search for Product Owner on the Indeed job search platform, some of the results for Product Manager will appear in the SERPs, and vice versa.

Who manages the processes in the product development department and forms its value – PM or PO? Are these separate posts or just different titles for one?

Understanding together with Andrey Khlyakin , ex-Senior Product Manager at Jobble, EVO and teacher of the Product Analyst online course at Laba. Andrey has 10+ years of experience in product management. He participated in the creation of the ProZorro system and the Zakupki.Prom.ua trading platform.

How product management was born

It all started with an 800-word memo written in 1931 by Neil McElroy , president of Procter & Gamble . In it, he defined the basic principles of modern brand management.

The Brand Man described in the leaflet became responsible for the brand and product, and the product had to be managed through experimentation and interaction with customers. McElroy restructured P&G into a brand-focused organization and created a product manager position in FMCG (FMCG market).

At the same time, McElroy influenced two entrepreneurs with his theory – William Hewlett and David Packard . When they were building their tech empire, they adopted the Brand Man ideology, determined to get as close to the customer as possible.

Hewlett-Packard was the first company to adopt the Just In Time (JIT) methodology and implement the Kanban board is a concept developed by Toyota in Japan. By adapting innovative ideas, HP sustained a 50-year record of continuous development with an annual growth of 20% from 1943 to 1993.

Andrew:

“A Product Manager has many faces and tasks. He is responsible for the meaning, vision and strategy of the product. This is a man-orchestra, most often his task is to answer the question “what to do next?”. In this regard, I like the formulation of the same name by Simon Cynek in his book
Let’s start with why.

So, initially FMCG product managers were mostly part of the marketing function. The main challenge was to identify customer needs and find a solution to meet them. The products were based on the classic marketing mix:

  • Correct Product
  • Place
  • Correct price (Price)
  • Proper promotion (Promotion)

PMs’ key metrics were sales and profits, but due to the slow development and production of new products in FMCG, they focused more on the last three P’s: Place, Price, and Promotion.

However, as the role of product manager shifted from FMCG to IT, this division no longer justified itself. Many tech companies have been inventing entirely new industries in the marketplace, and they couldn’t be succeeded by pretty packaging or affordable pricing alone.

For this reason, product development returned to the roots of Product Management itself , because it was necessary not only to understand customers, but also to coordinate the development process with them.

Scott Cook , former P&G Brand Man, was one of the first to apply product management in the technology field – he introduced this concept in his company Intuit .

The rise of Agile: The Product Owner enters the scene

To resolve the organizational dilemma between those team members who create the product and those who communicate with customers, programmers Ken Schwaber and Jeff Sutherland have developed a new methodology – Scrum framework .

They presented the first description of Scrum in 1995 at the OOPSLA conference. The new framework made it possible to properly organize processes in the production team thanks to daily planning, sprints and feedback on the work done.

Within this framework, the role of the product manager has been revised and expanded. She became closer to the team, customers and processes. This is how the position of Product Owner was born.

Andrey:

“PO is the person who answers the question HOW we will do it. Here is more about the processes and direct work on the meanings that RM generates. That is, about the implementation of the plan, close work with engineers and other stakeholders.”

Sutherland originally placed more responsibility for product strategy and revenue generation in the PO role than in the PM, but the Product Owner role does not include direct marketing and sales support. In the area of ​​key responsibilities of PO is the organization of processes in the development team.

In 2001, 17 developers, including Sutherland, created the Agile Manifesto and the 12 Principles of Agile Development. This gave impetus to the spread of Scrum in technology companies and to the introduction of the Product Owner position into departments.

Man-orchestra and mini CEO. Who is a product manager?

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Interestingly, in the US, a Scrum team of 8 people costs the company about $1.5 million per year. If there are 20 teams where processes at the sprint level and product development are not well established, CFOs can start asking CEO “embarrassing” questions worth $30 million . All responsibility will fall on the shoulders of PO.

Why separate PO and PM roles

Andrey:

“They were separated from the beginning. And this is logical – everyone was doing their own thing with their own focus.

PM is responsible for strategy, market research, customer communications and business.

Product Manager:

– investigates user requests and looks for their pains
– develops the vision and product strategy
– coordinates the overall product strategy with the team, partners and stakeholders
– creates and builds work on the roadmap basis
– works with PO on product functionality and priorities
– accompanies product development from idea to implementation

PO works with tactical things, engineers and technologies, his task is to “deliver” the product.

Product Owner:

– together with PM, transforms user stories into final requirements for developers
– organizes workflows in the development team
– arranges and backs up all Agile and Scrum team meetings – attends feed

— sends client requests to developers
— gives feedback about the roadmap to the product manager

The division of roles into PM and RO is a tool for scaling within the company. But you may come to the conclusion that you don’t need it. For example, if you have a very small product/team/startup.”

In total, there are 113,285 jobs posted on Indeed across the US for the Product Owner position. According to Zippia career platform statistics, in the US, the average salary for a PO is $90,018 $101,698, per year.

For Product Manager on Indeed, we found 34,818 offers . TikTok, Slack, Adobe and Sony are looking for PM candidates. TikTok is offering $300k per year for this position. At the same time, the average salary of a product manager in the US is 90,018 $118,441, per year.

Selecting Silicon Valley in Indeed search results in a total of 75 Product Owner jobs. Large technology companies – Microsoft, Salesforce, IBM – are not looking for PO.

Much of the need for a Product Owner also depends on whether Scrum is implemented to organize processes. Amazon, Spotify and Atlassian don’t use this framework and they don’t have open POs – they hire PMs.

Who interacts more with the product – PM or PO

The interaction between PM and PO goes beyond the product team – they are also in contact with sales and marketing departments, customers and top management. But which one is more closely related to the product?

Andrey:

“I am a supporter of the fact that almost all people in an IT product company interact closely with the product. Just from different sides: someone in the line of marketing and advertising, someone – development, and someone – analysts. A product is not only a set of code on the site, but also support, care for the client, which is not in the lines of code.

It’s like a car factory: without a paint specialist, there will be no final product. Therefore, everyone contributes equally to the process.”

What happens if one person combines the roles of PM and PO

Andrew:

“It all depends on the command configuration and context. If you have a simple, understandable B2B product with a small team, then this is even good, since there is no point in separating these roles.

But when you have a large product and many teams, then helping the product manager in the form of a separate SCRUM role “product owner” will only be a plus – this will unload the PM, and everyone will do their own thing. Therefore, both PO and PM can work in the same team at the same time.

Why products are the most likely to become CEOs

According to AIN statistics, growth to the position of CEO usually occurs from the position of Product (25%). For example, Sundar Pichai, CEO of Google and Alphabet, started his career at Google as a Product Manager.

Andrey:

“Let’s clarify that there are different CEOs. You can make a website with some idea on your knee in half a day, assemble a team of yourself and a neighbor on your desk – and solemnly call yourself CEO on Facebook or LinkedIn.

At the same time, you can be the CEO of a large project with a staff of 100+ people. I’m not trying to devalue the first – many projects started that way. But I think this should be taken into account – the difference in responsibility for oneself and a neighbor or for 100+ people.

Why most people switch to SEO from the product? The duties of a product manager are often similar to those of a CEO: communicating with stakeholders, “owning” budgets, coordinating teams / departments, hiring, vision and strategy for the future product. As a product, you are the CEO – only “mini” and in your “sandbox”. Therefore, it is not for nothing that products are often called mini-SEOs.

But when one person combines these two roles, he will either do both jobs equally badly, or focus on one thing. Or just burn out and quit if it’s cool to pull both tasks. ”

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