On the low end, product managers can make $76,865/year, and on the high end, they can make $227,459/year. According to Zippia, product managers are most in-demand in New York, with the highest average annual salary being paid in San Francisco.Īccording to Glassdoor, a product manager makes an average of $113,446/year. How much you make as a product manager depends on your location, your company’s location, and your years of experience. In product management, it's important to meet deadlines, so PMs need to be proficient communicators with strong leadership skills. They're in charge of distributing information and making sure everyone is clear on their objectives. The PM is also a key player in the product development and management teams. Ideally, this leads to products that are useful to the consumer and profitable for the company. The product manager must optimize both of those areas to generate the most value for the business. There are two main considerations to be made in the prioritization of what's built: the likelihood of maximizing customer value and business impact. While there are many responsibilities of a PM, the key function of a product manager is deciding what to build with the objective of helping the business and its customers. The role of a product manager is to ensure the product meets the needs of its target audience - and the objectives of the company making it.
#PRODUCT MANAGER DESCRIPTION HOW TO#
A good product manager understands how to communicate the vision of a product to internal employees and execute a product strategy to deliver value to customers. A product manager (PM) is a professional who oversees all aspects of a product, software, or service, from its design and development to its launch and maintenance.
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