Product Management Directors


Overview

Product Management Directors

Introduction

Product management directors oversee the planning of products. They are responsible for managing the process of the product, which includes managing staff and overseeing their assignments. They work closely with product development managers and analysts, as well as other directors from marketing, engineering, sales, and finance departments, making sure that the road map for the product is followed, deadlines and goals are met, and that the company's standards are upheld.

Quick Facts


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Median Salary

$144,144

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Employment Prospects

Good

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Minimum Education Level

Bachelor's Degree


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Experience

At least 10 years of product management experience


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Skills

Business Management


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Personality Traits

Organized

Earnings

Product management directors earned a median salary of about $144,144 in May 2020, according to PayScale.com. Salaries ranged from $100,000 to $185,000 or more. In addition to salaries, product management directors may earn bonuses of up to $36,000 or more, and some receive commissions of up to $45,000.

Product management directors usually receive benefits that include paid vacation, hol...

Work Environment

Product management directors work full-time business hours, usually 40 or more hours per week. They often work longer hours to meet deadlines and when there are problems in the product process. They work in offices and spend much of their time on computers, reading and creating reports. They also spend part of the workday in meetings with product management team members and managers and directo...

Outlook

Product management directors will have good job opportunities in the coming years. The Department of Labor predicts that management occupations overall will have 7 percent employment growth through 2028, which is faster than the average for all occupations. Advertising, marketing, and promotion managers, whose work has some overlap with that of product management directors, will have faster tha...

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