Chief Product Team 
In this article, learn more about the Chief Product Manager’s salary. What are the possible factors that affect their salary? Just continue reading to have more ideas.
Chief Product Manager Salary
The Chief Product Manager is the one who leads the team of developers in creating the product. They are also the ones who have to develop new products based on the needs of the customers. This position requires a high level of expertise and technical skills.
The Chief Product Manager’s salary is usually determined by the employer based on the experience and skills of an employee. However, some factors can affect their salary. These factors are dependent upon the demand of the job, their area of specialization, and their educational level. The yearly income of a Chief Product Manager starts at $72,000. This is equivalent to $35 per hour.
Factors Affecting Chief Product Manager Salary
1 – Location
The Chief Product Manager’s salary is usually dependent upon the location of the company and the country. If the company is located in a developed country, they will surely pay more than those located in developing countries.
2 – Product Development Specialization
The Chief Product Manager’s salary is also dependent upon the specialization of the product. If it is a software product, they will probably pay more than those working as part of a team that develops web applications.
3 – Education Level
The Chief Product Manager’s salary also depends on the educational level of an employee. Those who have a bachelor’s degree will earn higher salaries than those who have only diploma qualifications. The top range of their yearly income is usually equivalent to $114,000 per year or $57 per hour.
4 – Experience
The Chief Product Manager’s salary is also dependent upon the experience of an employee. Those who have a minimum of 10 years of experience in this field will usually earn more than those who are just starting their career. As mentioned earlier, the top range of their yearly income is equivalent to $114,000 per year or $57 per hour.
Highest Paying Chief Product Manager
Those are the possible factors that affect the Chief Product Manager’s salary. Here are some of the highest paying Chief Product Manager salaries based on the factors mentioned above.
Location – A Chief Product Manager in New York gets an average salary of $130,000 per year, while those working in San Francisco are paid $122,000 per year.
Product Specialization – The Chief Product Manager who specializes in developing mobile applications is paid an average salary of $128,000 per year. Those who develop web applications are paid an average of $118,000 per year.
Education Level – Those who have a bachelor’s degree can earn an average of $120,000 per year. Meanwhile, the Chief Product Managers with a master’s degree are paid an average of $122,000 per year.
Conclusion
As you can see, the Chief Product Manager’s salary is affected by several factors. This means that the Chief Product Manager’s salary can be higher or lower depending on these factors. However, this does not mean that they are not secure in their job. This is because you can always move to another place or work in a specialized field to earn more money.
So, what are you waiting for? Start working now!
