What is the salary trend of product managers in 2020?

What is the salary trend of product managers in 2020? We know that product management is the key strategic driving force of the company, which is finally recognized. Whether the product (sometimes even the whole company) succeeds or fails in the short and long term, it will have a huge impact. The product manager is the only person in the company who knows all aspects of the business, including customers, markets, competition, trends, strategies, business models and so on.

First, the importance of product managers is increasing.

Efficient organizations attach importance to the contribution and direction brought by efficient product managers to the company, and attach importance to the bottom line.

What does this mean to you? If excellent product management makes excellent companies, then more companies need to take on these roles quickly. According to the survey of recruitment websites, the cities with the highest demand for product managers are San Francisco Bay Area, new york, Beijing, Shanghai and London.

Second, the product manager salary

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Although the salary of product managers will vary according to experience, industry and location, on average, the salary is still high.

The salary of product manager (0-9 years) is $83,849-$65,438+009,236.

The product manager is the spokesman of the customer. This position is responsible for formulating development and growth strategies, including promoting vision and innovation, developing road maps, setting priorities and helping to clarify market characteristics and advantages.

Salary of product management director (15 years or more) $115684-$173872.

The Director of Product Management is an advocate of product processes and tools. Usually responsible for providing product vision and roadmap, this role is responsible for end-to-end product development from product requirements documents to product release.

Salary of vice president of product management (1-14) $139,502-$190,280

The vice president of product management is usually responsible for the product strategy and design of the organization. Main responsibilities include promoting innovation through product design and customer interaction. It is expected that this role can lead, teach and cultivate the product management team.

Third, more and more jobs are given to women.

More women (successfully) set foot in this field and made tangible efforts in the product field. Large organizations such as "Women in Products" have grown into thousands of members and continue to give women opportunities for cooperation and resource promotion.

Don't be afraid to raise your salary at the beginning of your career, and be prepared to walk. Don't stay in an unpleasant job just because your salary is stable. If you don't risk getting what you deserve, you will lose your bright future.

Fourth, how do you increase the salary of product managers?

Promotion. We know that … it's easier said than done. One of the quickest ways to improve your career is to improve your knowledge and experience. Make yourself more competitive in the core product management skills and prove your understanding of these skills.

Skills upgrading

According to the data of Product Management Skills-Benchmarking Report, people who lead the product management team have received formal training, which is at least 15% higher than that of individual contributors, and more than 50%. Choose training that can prove your knowledge and understanding. According to the recruitment website, the median salary of product VP is as high as $239,503 (higher than Glassdoor). So, in terms of potential wage growth.

The benchmark data also shows that product vice presidents and directors are the strongest in the following five specific skill groups: strategy, business skills, competitive analysis, pricing and end of life. This means that these skills are essential to cultivate the highest level of product management leadership. Start deepening your knowledge in these fields now to help you develop your career. Fill out a skills assessment to generate a personal report and compare your skills with benchmarks. Measure your weakest skills and improve them accordingly.

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Although product management is one of the high-paying jobs now, you can't achieve your career by relying on dollars alone. Product management is a meaningful work, which enables you to bring new and innovative products to the market, so as to better serve customers and better let customers express their voices when selling products to them. Make important products that make money.

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