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How to Become a Product Manager

How Much Do Product Managers Make?

Ready to start your career in Product? Find out more about BrainStation's Product Management Course

According to websites like Glassdoor and Payscale, the median salary for a Product Manager ranges from $86,000 to $117,000, depending on the type of work being done. An experienced Software Product Manager, for example, can expect to earn roughly $96,000 a year. For Senior Product Managers, that figure jumps to roughly $125,000.

As you can imagine, professionals in more senior positions at large firms can expect to earn more. A Director or VP of Product Management, for example, might earn from $123,000 a year into the mid-$200,000s, while a Chief Product Officer may make from $130,000 to $274,000—and considerably higher than that, once bonuses and stock options are factored in.

How Much Do Product Managers Make in Canada?

In Canada, the median Product Manager salaries range from $86,000 for a Product Manager to $125,000 for a Senior Product Manager. For a Director of Product Management, the median reported salary is $148,000, rising as high as $220,000 at the upper end.

Ultimately, the salary a Product Manager earns depends on a range of factors, including their location, the size of the company they’re working for, their level of seniority, and their years of experience. Because the largest companies in Canada tend to be smaller than the largest companies in the U.S., salaries across the tech industry scale commensurately.

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