What’s a Director of Product’s Wage?

Concerned about a director of product profession? Would you want to search out out what the director of product wage is? You’re in the fitting place!

Based on Glassdoor, the director of product wage within the US is $184,047 on common. Based mostly on completely different industries, the wage ranges between $111,000 and $335,000, with a mean more money compensation of $24,958. 

The typical wage vary is determined by varied components, together with the trade, state, schooling, and general expertise. One other issue that issues is what sort of firm you’re employed for. For instance, it’s straightforward to search out startup jobs on the director degree, however they don’t pay in addition to multinational corporations. 

As for location, based on Zippia, a product administration director within the US earns the best in Washington. 

On this article, we dive just a little deeper into the wage dynamics of a director of product administration. 

Let’s get began. 

Common Director of Product Wage 

The Bureau of Labor Statistics (BLS) reported a yearly wage of $133,380 for promoting, promotions, and advertising and marketing managers. That’s the class they checklist all product administration staff underneath. 

That features all product administration jobs, from a product supervisor to a senior product advertising and marketing supervisor and product director. Nevertheless, this categorization consists of varied kinds of jobs, making it a much less correct supply for product administration wage ranges. 

It’s higher to take a look at a public-sourced useful resource when getting wage ranges. Everybody with the job title director for any product provides their product administration wage, extra compensation, location, and trade. 

This provides an correct outlook of how a lot people are making as product administration director in varied settings. 

The three finest sources to look out for to get product administration salaries embody Glassdoor, Certainly, and PayScale. 

Glassdoor 

Based on Glassdoor, the common director of product administration earns $184,047 per yr within the US. 

Moreover, the common base wage of a product director is $159,067. On high of that, the common extra pay is $24,980. 

The standard wage vary is between $140,000 and $248,000. Nevertheless, based mostly on distant places and fewer widespread industries, this wage vary extends between $111,000 and $336,000. 

Glassdoor is a well-renowned web site that gives wage opinions and estimates for hundreds of jobs worldwide. Workers add their wage stories, write opinions, and supply extra info, together with the price of dwelling estimates and advantages info. 

Moreover, Glassdoor permits you to outline your filters to offer you a extra correct wage quantity. These filters embody: 

• Your trade 
• Whole variety of years in expertise 
• Estimated dimension of the corporate, based mostly on the variety of staff 

These filters present a greater yearly wage estimate. For instance, if you wish to get a standard director of product wage estimate in tech corporations, enter the suitable filters (and your location) and get a precise quantity. 

This provides you the higher hand in negotiating your common complete compensation. 

Certainly 

Based on Certainly, the yearly common base wage of a director of product administration within the US is $147,139. 

On high of that, they obtain money bonuses that common at $19,500 per yr. 

The standard wage vary is between $99,000 and $219,000. 

Certainly additionally stories that the 5 highest paying cities for director of product administration jobs are San Francisco, Seattle, Chicago, Boston, and Atlanta. 

Certainly is a devoted job search engine that collects user-submitted information on jobs, salaries, and extra. Customers inbox salaries, opinions, job descriptions, and extra to construct Certainly’s info reserves. 

It’s a really perfect place to be taught common product salaries based mostly in your location and degree of expertise. The net group additionally offers in-depth info on typical job duties and duties in numerous industries. 

Getting wage info from an nameless director of product ensures you may have the fitting information. 

Moreover, Certainly additionally permits service professionals so as to add advantages information. This offers a transparent outlook on what advantages to anticipate when making use of for a product director job. 

That mentioned, in case you’re in search of a brand new position, Certainly permits you to arrange job alerts based mostly in your particular wage necessities. 

PayScale 

Based on PayScale, the common product administration director wage within the US is $149,758. 

The standard wage vary is between $105,000 and $193,000. On high of that, product administration administrators obtain bonuses between $8,000 and $38,000. 

Some industries provide a profit-sharing incentive that pays between $2000 and $34,000. Others provide commissions that vary between $3000 and $25,000. 

The whole pay of a product administration director ranges between $111,000 and $215,000. 

Moreover, based mostly on survey responses, PayScale discovered a 2:1 ratio of women and men in product director roles. 

Profession Outlook for a Director of Product 

Most product managers with first rate expertise choose a product director position. Nevertheless, they’re open to taking varied profession paths as soon as they’ve satisfactory expertise in a director position. 

The most typical place to maneuver as much as is a senior director of product. Nevertheless, some corporations choose the job title to be Vice President of Product. 

After that, the subsequent position is both a senior vp of product or a Chief Product Officer (CPO). 

Nevertheless, each firm has a unique hierarchical construction. It additionally is determined by what trade you’re in. For instance, in case you’re within the dwelling companies trade, the profession path is so much shorter. Nevertheless, working in tech ensures an extended profession path with extra milestones. 

That mentioned, listed here are the salaries for some senior director of product roles. 

Senior Director of Product 

Based on Glassdoor, the common senior director of product wage within the US is $190,847. 

Senior administrators have to ship consumer-grade experiences by managing a number of product groups. Additionally they have to handle different groups, just like the engineering group. 

They’re additionally chargeable for issues just like the product rollout launch technique. For the group, they should encourage experimentation and create equitable studying environments. 

Vice President of Product 

Based on Glassdoor, the common vp of product wage within the US is $297,480. 

The vp is chargeable for overseeing all of the product administrators. They have an effect on director of product choices and oversee the product plans. 

At instances, they’re chargeable for the digital studying of all product managers too. 

Chief Product Officer (CPO) 

Based on Glassdoor, the common Chief Product Officer wage within the US is $203,615. 

The rationale the CPO common wage is under the VP is that a variety of startups solely have a CPO place and never a VP place. 

Aside from that, the CPO receives a variety of extra advantages within the form of inventory choices, extra bonuses, and extra. 

Prime Paying Cities for Administrators of Product 

The 2 components that have an effect on salaries in numerous cities are the price of dwelling and demand for that position. Based mostly on that, the next are among the top-paying cities. 

US East Coast 

Common median salaries for a director of product on the US East Coast. 

The price of dwelling on the East Coat is greater than the nationwide common.

US West Coast 

Common median salaries on the US West Coast. 

• San Francisco: $177,890 

The US West Coast has the best value of dwelling. 

US Midwest/Rocky Mountains 

Common median salaries within the Midwest. 

Midwest value of dwelling varies based on the state. 

US South 

Common median salaries within the South. 

The South has a decrease value of dwelling in comparison with the nationwide common. 

Schooling Degree for the Director of Product Function 

A director of product must be an evolving enterprise director who has the potential to construct revolutionary options. They require information of all product administration ideas, their trade, and the product area of interest they’re engaged on. 

Additionally they have to be an impressive product chief with full execution capability to ship insights and scale merchandise. 

Much like high-performing product managers, product administrators want so as to add credibility to succeed in their potential. That’s why a bachelor’s diploma is usually a requirement for the position. 

Nevertheless, certifications from famend product administration establishments and authorities work too. 

That mentioned, a stable portfolio is a necessity in that case. 

Director of Product Wage Throughout Prime Firms 

The next are some director of product salaries throughout high US corporations. 

• Cisco Methods: $221,914 

To test salaries for a particular firm, search Glassdoor with that firm’s identify and your job title. 

Ending Observe 

The director of product wage is determined by your location, group, and trade. Different components that play a job are your degree of expertise, academic background, experience, and technical information. 

It’s secure to say that you have already got an trade you concentrate on. Subsequently, it’s finest to enhance your credibility by being lively within the product group, getting licensed, and even advancing your schooling is finest. 

An important factor to remember if you need a great director of product wage is to at all times preserve updated with the trade. 

Josh Fechter

Josh Fechter is the co-founder of Product HQ, founding father of Technical Author HQ, and founder and head of product of Squibler. You possibly can join with him on LinkedIn right here.