Salary for Senior-level / Expert Product Manager during 2024

Salary details

The average senior-level / expert Product Manager salary lies between USD 137,600 and USD 230,000 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 Senior-level / Expert Product Manager roles

The three most common job tag items assiciated with senior-level / expert 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 | 185 jobs Strategy | 164 jobs Agile | 111 jobs Computer Science | 93 jobs SaaS | 80 jobs Analytics | 65 jobs Privacy | 62 jobs KPIs | 61 jobs Jira | 44 jobs Compliance | 40 jobs AWS | 39 jobs CISSP | 38 jobs SDLC | 38 jobs EDR | 38 jobs Data Analytics | 37 jobs DevOps | 36 jobs Monitoring | 34 jobs SIEM | 33 jobs Azure | 33 jobs Confluence | 32 jobs

Top 20 Job Perks/Benefits for Senior-level / Expert Product Manager roles

The three most common job benefits and perks assiciated with senior-level / expert Product Manager job listings are Career development, Startup environment and Health care. 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 | 151 jobs Startup environment | 97 jobs Health care | 96 jobs Competitive pay | 92 jobs Equity / stock options | 91 jobs Medical leave | 78 jobs Salary bonus | 72 jobs Flex hours | 65 jobs Flex vacation | 55 jobs Team events | 50 jobs Parental leave | 49 jobs Insurance | 36 jobs Wellness | 29 jobs Transparency | 22 jobs 401(k) matching | 17 jobs Conferences | 16 jobs Home office stipend | 12 jobs Fitness / gym | 6 jobs Unlimited paid time off | 6 jobs Lunch / meals | 4 jobs

Salary Composition

The salary for a Senior-level or Expert Product Manager in InfoSec/Cyber Security typically comprises a base salary, performance bonuses, and additional remuneration such as stock options or equity, especially in tech companies. The base salary often constitutes the majority of the total compensation package, ranging from 60% to 80%. Performance bonuses can vary significantly, often between 10% to 20% of the base salary, depending on the company's performance and individual achievements. Additional remuneration, such as stock options, can be a significant part of the package in larger tech firms or startups, potentially making up 10% to 20% of the total compensation. Regional differences also play a role; for instance, salaries in tech hubs like Silicon Valley or New York City tend to be higher than in other regions. Industry and company size also influence salary composition, with larger companies or those in high-demand sectors often offering more competitive packages.

Increasing Salary Further

To increase your salary beyond the median of USD 184,000, consider pursuing leadership roles that offer greater responsibility, such as Director of Product Management or VP of Product. Expanding your expertise in emerging areas of cybersecurity, such as AI-driven security solutions or cloud security, can also make you more valuable. Networking within the industry and building a strong personal brand through speaking engagements, publications, or thought leadership can open doors to higher-paying opportunities. Additionally, negotiating your salary based on market research and demonstrating your impact on the company's bottom line can lead to higher compensation.

Educational Requirements

Most Senior-level Product Manager roles in InfoSec/Cyber Security require at least a bachelor's degree in a relevant field such as Computer Science, Information Technology, or Business Administration. However, a master's degree, particularly an MBA or a specialized degree in Cyber Security, can be advantageous and sometimes preferred. The educational background should ideally be complemented by a strong understanding of both technical and business aspects of product management.

Helpful Certifications

Certifications can enhance your credibility and demonstrate your commitment to the field. Commonly recognized certifications include Certified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), and Certified Information Systems Auditor (CISA). For product management-specific credentials, the Certified Scrum Product Owner (CSPO) or the Pragmatic Marketing Certification can be beneficial. These certifications not only validate your skills but also keep you updated with the latest industry standards and practices.

Required Experience

Typically, a Senior-level Product Manager in InfoSec/Cyber Security is expected to have at least 7-10 years of experience in product management, with a significant portion of that time spent in the cybersecurity domain. Experience in leading cross-functional teams, managing product lifecycles, and successfully launching security products is crucial. A proven track record of driving product strategy and delivering results in a fast-paced environment is often required.

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