Table of Contents Show
- What is a Technical Product Manager?
- What Does a Technical Product Manager Do?
- Are Technical Product Managers Well Paid?
- How to Become a Technical Product Manager
- Factors that Affect Technical Product Manager Salary
- What is the Average Salary of a Technical Product Manager?
- Technical Product Manager Salary Based on Level
- Technical Product Manager Salary Based on Location
- Technical Product Manager Salary Based on Field
- How Much Tax Will a Technical Product Manager Have to Pay?
- Frequently Asked Questions
- Related Articles:
In the United States, the typical Technical product manager salary is from $90,276 to $121,865, For companies such as Amazon and Apple, employees earn higher. The same goes for Associate or Senior technical product manager’s salary.
Amazon Product Manager Salary in US is $149,138 per year on average. Similarly, the average Apple technical product manager salary is $149,668 in 2022.
Read through to get more insight on the review of Technical product manager salary for 2022 and how to embark on this lucrative career path.
What is a Technical Product Manager?
A technical product manager (PM) is a product manager who has a strong technical background and is generally focused on the product’s technical aspects.
A technical project manager collaborates with the engineering team rather than the organization’s business, sales, and marketing departments.
Technical product managers, as opposed to standard product managers, have sophisticated engineering and design expertise.
What Does a Technical Product Manager Do?
The job description should not differ much from that of a “normal” product management function; nonetheless, some duties are more often anticipated of a technical product manager.
- Assist the technical/developer community as a product advocate and subject matter expert.
- Organize beta tests.
- Analyze performance indicators, assess experiments, and so forth using database queries.
- Establish success criteria for product testing and approval.
- Make it easier to create and maintain comprehensive product documentation.
- Identify and comprehend client demands, then translate them into requirements.
- The ability to collaborate effectively with internal teams such as developers, engineers, architects, quality assurance, and operations. Confirm that requirements are adequately understood and that implementation plans correspond to expectations.
- Understand, investigate, and keep up with the industry and general technological developments.
- Monitor rivals and undertake regular capacity analyses.
- Train employees and customers on how to use the product.
- Respond to incoming inquiries regarding the product and its capabilities.
- Evaluate and solve technical hazards
Also Read: Amazon Product Manager Salary in US | 2022
Are Technical Product Managers Well Paid?
Certainly, Technical product managers are well paid, the yearly salary for a Technical Product Manager in the United States is $117,867.
That works out to about $56.67 per hour. This equates to $2,267 each week or $9,822 per month.
Also, check out: Associate Product Manager Salary in US | 2022
How to Become a Technical Product Manager
The good news is that if you want to be a Product Manager, the hard skills are rather easy to master, albeit they will take persistent study.
Soft skills that distinguish the finest Product Managers from their colleagues sometimes take longer to acquire. But thankfully, these can be gained while working in a variety of professions.
Aspiring Product managers must first grasp the key skills that consistently determine success in the profession in order to find success in the sector.
Product managers operate in a unique environment that combines parts of sales, engineering, information technology, marketing, finance, public relations, and logistics. These soft skills include:
- Critical thinking
- Listening prowess
- Pay attention to details
These soft skills are an excellent starting point for new product managers. Hard skills, on the other hand, will vary depending on the sector for which managers will be developing goods.
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Those interested in product management can pursue a range of educational paths.
Bootcamp programs, regular degrees, and self-directed choices are all common paths. Each is described briefly below:
Bootcamps, such as The Product Management Boot Camp at Texas McCombs, provide a focused curriculum to assist aspiring product managers to get started.
Additionally, boot camps address the fundamentals of product management, which frequently include market analysis, product prototyping, and business model creation.
In-demand skills like roadmap creation, authoring user stories, sprint planning, and execution, and product life cycle management are frequently included in these programs.
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Another option is to get a standard degree in product management. Many product managers hold a bachelor’s degree in computer science, business, or marketing.
The product management sector, like other areas, has a variety of important certifications.
AIPMM, for example, provides a basic Certified Product Manager credential as well as credentials in digital product management, brand management, and product marketing.
Factors that Affect Technical Product Manager Salary
Years of Experience
Salary increases are often linked to your degree of experience. In general, the more years you work as a technical product manager, the more money you may anticipate.
According to the Bureau of Labor Statistics and the National Compensation Survey, the following factors might influence your Technical product manager salary.
|Level of experience||Salary|
|Entry-level (less than 1 year)||$60,596|
|Early career (1 to 4 years)||$82,400|
|Mid-career (5 to 9 years)||$112,706|
|Experienced (10 to 19 years)||$141,144|
|Late career (20+ years)||$176,176|
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How much you may earn as a technical product manager is also affected by where you reside.
Working in a major urban location typically equates to a greater wage as well as a higher cost of living.
The Bureau of Labor Statistics has provided a list of significant cities and their related average technical product manager salaries.
|San Francisco, CA||$144,743|
|Washington DC, DC||$140,417|
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What is the Average Salary of a Technical Product Manager?
Technical Product Manager Salary Per Year
According to ZipRecruiter, the majority of Technical Product Manager salaries now vary between $98,500 (25th percentile) and $136,000 (75th percentile), with top earners (90th percentile) making $155,000 yearly across the United States as of June 10, 2022.
As a result, the yearly salary for a Technical Product Manager in the United States is $117,867. In case you need a quick salary calculation, that works out to about $56.67 per hour. This equates to $2,267 each week or $9,822 per month.
Technical Product Manager Salary Per Month
According to ZipRecruiter, the majority of Technical Product Manager salaries now vary between $8,208 (25th percentile) and $11,333 (75th percentile), with top earners (90th percentile) making $12,916 monthly across the United States as of June 10, 2022.
How much is a Technical Product Manager Salary per Hour
The hourly wage might vary greatly depending on a variety of things, including education, certifications, supplementary talents, and the number of years you have worked in your field.
Salary.com has more online, real-time salary data than any other website, allowing you to discover your exact pay objective.
As of May 27, 2022, the average hourly salary for a Product Manager I in the United States is $35, with a usual range of $31 to $37(Salary.com)
Technical Product Manager Salary Based on Level
Entry Level Technical Product Manager Salary
According to ZipRecruiter, the majority of Entry Level Product Manager salaries presently vary between $39,500 (25th percentile) and $69,000 (75th percentile), with top earners (90th percentile) making $104,500 yearly across the United States.
So, the average yearly salary for an Entry Level Product Manager in the United States is $57,300 as of June 10, 2022.
For the purposes of a basic pay calculation, that comes out to about $27.55 per hour. This equates to $1,102 each week or $4,775 per month.
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Senior Level Technical Product Manager Salary
According to Glassdoor, in the United States, the expected total compensation for a Senior Technical Product Manager is $134,631 per year, with an average income of $119,186.
These figures indicate the median, which is the middle of the salary ranges calculated by our proprietary Total Pay Estimate methodology and based on wages submitted by our users. The extra salary is anticipated to be $15,446 per year.
Additional compensation may include a monetary incentive, a commission, gratuities, and profit-sharing.
The “Most Likely Range” indicates numbers between the 25th and 75th percentiles of all available salary data for this position.
Technical Product Manager Salary Based on Location
Technical Product Manager Salary by States in the United States
What are the Top 10 Highest Paying Cities for Technical Product Manager Jobs in the U.S for 2022?
With average incomes greater than the national average in these ten cities, the chances for economic progress by shifting places as a Technical Product Manager promise to be quite profitable.
|City||Annual Salary||Monthly Pay||Weekly Pay||Hourly Wage|
|San Francisco, CA||$145,093||$12,091||$2,790||$69.76|
|San Jose, CA||$136,419||$11,368||$2,623||$65.59|
|Barnstable Town, MA||$131,058||$10,921||$2,520||$63.01|
Technical Product Manager Salary Based on Field
Senior Technical Product Manager Salary
Senior technical product managers are in charge of supervising the creation of product roadmaps and developing strategies to improve a company’s production methods.
As a senior technical product manager, you will likely be asked to evaluate current systems and execute routine maintenance inspections.
According to Salary.com, the average Senior Technical Product Manager compensation in the United States is $160,273, however, the salary range frequently falls between $146,668 and $183,832.
Apple Technical Product Manager Salary
In this role, you will contribute to the strategy and development of the Retail Store machine learning solutions, as well as lead strategic initiatives on a fast-paced team that affects all aspects of Apple’s ecosystem.
According to Glassdoor, the annual compensation for an Apple Product Manager is $151,342. Apple Product Manager salaries vary from $52,057 to $233,759 per year.
This estimate is based on 100 Apple Product Manager salary report(s) submitted by workers or statistical techniques.
When bonuses and other forms of compensation are taken into account, a Product Manager at Apple can expect to earn an annual salary of $156,561.
Associate Technical Product Manager Salary
An associate product manager assists product managers by doing market research, collecting quantitative product data, and reviewing consumer research to assist product managers in working more efficiently and effectively.
According to Glassdoor, the annual compensation for an Associate Technical Product Manager in the United States is $113,691, with an average income of $98,859 annually.
However, these figures indicate the median, which is the middle of the salary ranges calculated by our proprietary Total Pay Estimate methodology and based on wages submitted by our users.
Furthermore, the extra salary is anticipated to be $14,832 per year. Additional compensation may include a monetary incentive, a commission, gratuities, and profit-sharing.
The “Most Likely Range” indicates numbers between the 25th and 75th percentiles of all available salary data for this position.
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|Job Title||Annual Salary||Monthly Pay||Weekly Pay||Hourly Wage|
|Principal Product Manager||$167,499||$13,958||$3,221||$80.53|
|Senior Technical Program Manager||$161,178||$13,432||$3,100||$77.49|
|VP Product Management||$160,208||$13,351||$3,081||$77.02|
|Director Technical Product Management||$157,305||$13,109||$3,025||$75.63|
|VP Product Manager||$157,206||$13,100||$3,023||$75.58|
How Much Tax Will a Technical Product Manager Have to Pay?
After a federal tax rate of 24% is deducted, Technical Product Managers can anticipate taking home $121,884 each year, with each paycheck equaling around $5,078.
Frequently Asked Questions
They accomplish this by collaborating cross-functionally with the teams responsible for its development, marketing, sales, and support.
Product Manager – 113,446 US$
Senior Product Manager – 146,585 US$
Director of Product Management – 179,315 US$
Vice President of Product – 189,288 US$
Chief Product Officer – 204,264 US$
A technical background is not required to be a successful product manager in a technological sector.
Technical product managers at high-profile firms typically earn significantly more than the national average. Aside from the income, the average additional cash compensation is $7,626, with a normal range of $2,208 to $15,137.
Although an MBA is not currently required to work as a product manager, it can help you get your foot in the door when applying to high-profile organizations.
Salary aggregate websites typically rely on data submitted anonymously by individuals using their site. Some websites may have received larger amounts of data on higher or lower than average salaries, which may affect the site’s calculated average.
Makedailyprofit has painstakingly filtered the appropriate and best salary of a Technical Product Manager.
- blog.hubspot.com– Technical Product Management Explained in Under 500 Words
- careerexplorer.com– How to become a technical product manager
- glassdoor– Senior Level Technical Product Manager Salary
- zippia– AVERAGE TECHNICAL PRODUCT MANAGER SALARY
- ZipRecruiter– Technical Product Manager Salary