Product Manager Salary in 2024

Salary details

The average Product Manager salary lies between USD 130,000 and USD 211,000 globally. It represents the overall compensation/gross salary amount for the working year (before deductions like social security, taxes and other contributions), not including equity/stock options or similar benefits.

All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Nov. 17, 2024

Top 20 Job Tags for Product Manager roles

The three most common job tag items assiciated with Product Manager job listings are Cloud, Strategy and Agile. Below you find a list of the 20 most occuring job tags in 2024 and the number of open jobs that where associated with them during that period:

Cloud | 260 jobs Strategy | 239 jobs Agile | 168 jobs Computer Science | 143 jobs SaaS | 111 jobs Privacy | 97 jobs KPIs | 89 jobs Analytics | 82 jobs Compliance | 77 jobs Jira | 62 jobs CISSP | 60 jobs DevOps | 53 jobs AWS | 52 jobs SIEM | 50 jobs GCP | 50 jobs EDR | 50 jobs Monitoring | 48 jobs Azure | 46 jobs SDLC | 46 jobs Application security | 46 jobs

Top 20 Job Perks/Benefits for Product Manager roles

The three most common job benefits and perks assiciated with Product Manager job listings are Career development, Health care and Startup environment. Below you find a list of the 20 most occuring job perks or benefits in 2024 and the number of open jobs that where offering them during that period:

Career development | 230 jobs Health care | 155 jobs Startup environment | 132 jobs Competitive pay | 132 jobs Equity / stock options | 131 jobs Medical leave | 104 jobs Flex hours | 103 jobs Salary bonus | 101 jobs Flex vacation | 86 jobs Parental leave | 78 jobs Team events | 77 jobs Insurance | 66 jobs Wellness | 49 jobs 401(k) matching | 36 jobs Transparency | 26 jobs Conferences | 22 jobs Home office stipend | 14 jobs Unlimited paid time off | 9 jobs Lunch / meals | 7 jobs Fitness / gym | 7 jobs

Salary Composition

The salary for a Product Manager in InfoSec/Cyber Security typically comprises a base salary, performance bonuses, and additional remuneration such as stock options or profit-sharing. The base salary often constitutes the largest portion, ranging from 60% to 80% of the total compensation package. Bonuses can vary significantly based on company performance and individual achievements, usually accounting for 10% to 20% of the total salary. Additional remuneration, such as stock options, is more common in larger tech companies or startups and can make up the remaining 10% to 20%. Regional differences also play a role; for instance, salaries in tech hubs like Silicon Valley or New York City tend to be higher due to the cost of living and competitive job markets. Industry-specific factors can also influence salary composition, with financial services and healthcare often offering higher compensation due to the critical nature of cybersecurity in these sectors.

Increasing Salary

To increase your salary from this position, consider pursuing advanced certifications or further education, such as a master's degree in cybersecurity or business administration. Networking within the industry and attending relevant conferences can also open doors to higher-paying opportunities. Additionally, gaining experience in managing larger teams or more complex projects can make you more valuable to employers. Seeking roles in larger companies or those with a global presence can also lead to higher compensation. Demonstrating a track record of successful product launches and measurable improvements in security metrics can position you for salary negotiations or promotions.

Educational Requirements

Most Product Manager roles in InfoSec/Cyber Security require at least a bachelor's degree in a related field such as computer science, information technology, or business administration. However, a master's degree in cybersecurity, information systems, or an MBA with a focus on technology management can be highly advantageous. Employers often look for candidates with a strong technical background combined with business acumen, which can be demonstrated through formal education and relevant work experience.

Helpful Certifications

Certifications can significantly enhance your qualifications for a Product Manager role in cybersecurity. Some of the most recognized certifications include Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), and Certified Information Systems Auditor (CISA). For those focusing on product management, the Certified Scrum Product Owner (CSPO) or the Project Management Professional (PMP) certification can also be beneficial. These certifications demonstrate a commitment to the field and a comprehensive understanding of both security and management principles.

Required Experience

Typically, employers look for candidates with 5 to 10 years of experience in cybersecurity or related fields, with at least 2 to 3 years in a product management role. Experience in leading cross-functional teams, managing product lifecycles, and working with security technologies is crucial. Familiarity with agile methodologies and experience in developing security products or solutions can also be highly valuable. Demonstrating a history of successful product launches and the ability to translate technical requirements into business solutions is often required.

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