Google Senior Product Manager Salary
Google Senior Product Manager Salary – Learn Supply Chain from SPJIMR Faculty and Work Full Time at Decathlon – SCM 4th Batch at AltUni | Check the details here
Is the idea of a career in the fast-paced, competitive world of product management still on your radar? Apply now for AltUni’s Product Management Certificate Program!
Google Senior Product Manager Salary
There are reasons why product managers are called mini-CEOs, one of which is that product management as a profession is also a training ground for future CEOs. Did you know that Indira Nooyi (CEO of PepsiCo), Susan Wojcicki (CEO of YouTube), Stewart Butterfield (CEO of Slack), Satya Nadella (CEO of Microsoft .EO), Marissa Mayer (former CEO of Yahoo) and Sundar Pichai (CEO of h-alphabet) in general? They were all product managers at various levels of seniority at some point in their careers.
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Julia Austin, who taught product management at Harvard Business School as of June 2020, says that a product manager must master core competencies such as conducting customer interviews and user tests, conducting market assessments, pricing, and Revenue modeling etc.
She emphasizes that a good PM should have a high EQ, the ability to empathize with customers, as well as a strong relationship with their organization that will enable them to overcome obstacles. Will allow – internal and external resistance to ship a good product. Julia provides valuable insight into what it takes to be a product manager.
With product adoption rates and demand for product managers accelerating, there are also qualifications to learn product management. Check out AltUni’s Product Management Certificate Program here
Now let’s get down to the nitty gritty of this article and answer the question why did you decide to read it…
Product Manager Salary (2022)
To put it simply – a lot! Depending on the organization you end up working with, product management is one of the highest paying jobs in the corporate world. An Indian MBA graduate can earn an average basic salary of 15.2 lakhs per annum, excluding other components of salary such as bonuses. But this is only an overview. How Much Do Top Companies Pay for Hiring Product Managers? Which industry pays product managers the most? What do product managers earn outside of India in countries like the US?
Below is the data, sourced from LinkedIn and compiled by the AltUni team, that answers all of the previously mentioned questions to provide a crystal picture of salaries in 4 tables for Managerial Finance in India and the United States. earn
Note that the salary data below is not filtered by educational qualifications. Also, please note that this salary data is for the job title ‘Product Manager’. ‘Senior Product Managers’ and ‘Product Management Leads’ are high level positions that pay more than what Product Managers earn in a year! You can do your own independent research on salaries for these positions using data from LinkedIn, Glassdoor, PayScale, and Indeed.com.
The top 5 companies offering the highest starting salaries for product management jobs are Flipkart, Myntra, Walmart, Amazon, and Paytm. These are all the companies that regularly recruit from the top MBA campuses in India; In fact, Amazon is a top employer among the top-ranked business schools in India!
Statistics You Should Know About A Career In Product Management
In these top 10 companies, a product manager can earn up to ₹38.00 lakh per annum and can expect to earn at least ₹16 lakh per annum as basic salary. This does not include any bonuses and benefits normally offered by these leading organizations.
The table below also shows the diversity of industries from which companies are willing to hire the Prime Minister, including companies in the hospitality, e-commerce, telecom, aerospace, architecture and IT sectors.
It’s common knowledge – tech companies hire PMs most aggressively and, as the data above shows, they’re also the best-paid masters when it comes to these positions. But did you know that product managers are in high demand (and well paid) in fields like real estate, travel, airlines, architecture, etc.? According to ambitionbox.com, a PM in the airline industry earns an average basic salary of ₹24.00 lakh per annum, which can go up to ₹40.00 lakh per annum.
At the entry level, product managers are reported to have a basic salary of ₹12.00 lakh per annum, going up to ₹25.00 lakh per annum. The final salary figure, we suspect, is for top-tier MBA + top-tier engineering/non-engineering graduates.
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As expected, as you gain more work experience as a PM, you can expect higher salaries due to promotions. At this point, it’s also important to note that you can become a Senior Product Manager (or higher) by hiring externally or promoting internally and earn an even larger base salary.
Outside of India, the United States is the country where product managers are bombarded; Specifically the San Francisco Bay Area aka Silicon Valley. Major companies like Facebook, Google, Microsoft, Apple, EY, etc. pay millions of US dollars to head office product managers based in Silicon Valley.
Below is a list of the top 10 companies in the US based on base salaries offered for PM positions.
Salary As of October 2022, this translates to ₹1.5 crore per year, and that doesn’t even include the huge signing bonuses and other perks that companies like Facebook offer their employees.
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AltUni’s Certificate Program in Product Management is one of our most popular programs and has received a rating of 4.6 out of 5 from our partners! So we are here with another batch of program designed and designed by experts to help you maximize your chances of building your dream career in product management.
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For employees, job hunters, and hiring managers, having good information is essential when considering salaries for any job. This is especially important for product management. Because there are probably fewer employees doing these jobs than engineers or salespeople, for example.
This is why business metrics are so helpful for all parties involved. By using this data, everyone can understand what is fair and what is wrong. The data paints a more complete picture of the full range of compensation packages offered to product management professionals at different career levels and locations.
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We collected salary-related information from respondents for our annual State of Product Management Report 2021. Now everyone from senior product managers to veterans to executive directors have access to this benchmark data. This information is powerful for career decisions and offer letters.
Note that the numbers in this article are specific to product management professionals in the United States. It is important to note that the average US product manager salary is higher than in any other market.
New product managers earn an average of $74,000 a year in their first two years on the job. Those with two to five years of experience bring in an average of $88,000 annually.
Completing those initial five years results in a significant salary increase. Employees with 6-10 years of product management experience earn an average of $116,000 per year. While those with 10-15 years of experience earn an average annual salary of $134,000.
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Not surprisingly, those with the most years under their belts are also those earning the highest salaries. Production professionals with 15+ years of experience earn an average of $154,000 annually in the United States.
The wage gap between male and female workers doing similar work is an issue for the entire workforce. Women are facing a huge struggle to get adequate compensation. Sadly, this is also true for product management. Men in product management earn an average of 7% more than women.
This uneven gender gap widens the higher you go, as women occupy 36% of lead roles while men occupy 64%.
It wasn’t always the case that men held a disproportionate number of product management jobs. At one point, it was almost an even split.
Product Manager Salaries In India
However, other institutions have been established