Product Managers


Overview

Product Managers

Introduction

Product managers help companies manage existing products and services as well as help them to launch new ones. They manage products and services through their various lifecycles, from market research and idea creation to planning, development, and launch. They make sure timelines are followed and deadlines are met throughout the process. The job requires various abilities, including market research and tech skills, as well as strong communication and interpersonal skills.

Quick Facts


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Median Salary

$108,992

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Employment Prospects

Good

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Minimum Education Level

Bachelor's Degree


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Experience

Five years experience


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Skills

Business Management


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Personality Traits

Enterprising

Earnings

Salaries for product managers vary depending upon employer, years of experience, and the area in the country in which they work. The average base salary for product managers was $108,992 in July 2020, as reported by Glassdoor.com. Salaries ranged from $71,000 to $146,000. According to PayScale.com, senior product managers employed in New York in May 2020 earned a median salary of $124,189. The ...

Work Environment

Product managers work full time, usually more than 40 hours per week. They often work longer hours that extend into evenings and weekends, particularly when there are deadlines approaching. They spend time on computers, conducting research, and reading and writing reports. Part of the day is also spent in meetings with product management teams and other department managers and workers. Product ...

Outlook

The outlook for product managers is bright. Companies face challenges in today's global marketplace to continue delivering products that meet customers' needs and expand their product lines. They will continue to need product managers to help them strategize, develop, and launch products and manage the teams involved in the products. Product managers with a bachelor's degree, prior related work...

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