What’s a Director of Product’s Wage?

Occupied with a director of product profession? Would you want to search out out what the director of product wage is? You’re in the best place!

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

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

As for location, in keeping with Zippia, a product administration director within the US earns the very best in Washington. 

On this article, we dive a little bit 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. Nonetheless, this categorization contains numerous varieties 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 numerous settings. 

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

Glassdoor 

In accordance with Glassdoor, the typical director of product administration earns $184,047 per 12 months within the US. 

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

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

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

Moreover, Glassdoor means that you can outline your filters to give you a extra correct wage quantity. These filters embody: 

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

These filters present a greater yearly wage estimate. For instance, if you wish to get a typical 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 

In accordance with Certainly, the yearly common base wage of a director of product administration within the US is $147,139. 

On prime of that, they obtain money bonuses that common at $19,500 per 12 months. 

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

Certainly additionally experiences 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 knowledge on jobs, salaries, and extra. Customers inbox salaries, critiques, job descriptions, and extra to construct Certainly’s data reserves. 

It’s a really perfect place to study common product salaries primarily based in your location and stage of expertise. The net group additionally supplies in-depth data on typical job duties and duties in several industries. 

Getting wage data from an nameless director of product ensures you may have the best knowledge. 

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

That mentioned, in case you’re on the lookout for a brand new function, Certainly means that you can arrange job alerts primarily based in your particular wage necessities. 

PayScale 

In accordance with PayScale, the typical product administration director wage within the US is $149,758. 

The standard wage vary is between $105,000 and $193,000. On prime 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 entire pay of a product administration director ranges between $111,000 and $215,000. 

Moreover, primarily based 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 respectable expertise want a product director function. Nonetheless, they’re open to taking numerous profession paths as soon as they’ve sufficient expertise in a director function. 

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

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

Nonetheless, 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 residence providers trade, the profession path is lots shorter. Nonetheless, working in tech ensures an extended profession path with extra milestones. 

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

Senior Director of Product 

In accordance with Glassdoor, the typical senior director of product wage within the US is $190,847. 

Senior administrators must ship consumer-grade experiences by managing a number of product groups. In addition they must handle different groups, just like the engineering workforce. 

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

Vice President of Product 

In accordance with Glassdoor, the typical vp of product wage within the US is $297,480. 

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

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

Chief Product Officer (CPO) 

In accordance with Glassdoor, the typical Chief Product Officer wage within the US is $203,615. 

The explanation the CPO common wage is beneath the VP is that numerous startups solely have a CPO place and never a VP place. 

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

High Paying Cities for Administrators of Product 

The 2 elements that have an effect on salaries in several cities are the price of dwelling and demand for that function. 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 increased 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 very best price of dwelling. 

US Midwest/Rocky Mountains 

Common median salaries within the Midwest. 

Midwest price of dwelling varies in keeping with the state. 

US South 

Common median salaries within the South. 

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

Training Stage 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 data of all product administration rules, their trade, and the product area of interest they’re engaged on. 

In addition 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 achieve their potential. That’s why a bachelor’s diploma is commonly a requirement for the function. 

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

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

Director of Product Wage Throughout High Corporations 

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

• Cisco Methods: $221,914 

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

Ending Word 

The director of product wage is determined by your location, group, and trade. Different elements that play a job are your stage of expertise, instructional background, experience, and technical data. 

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

A very powerful factor to remember if you need a great director of product wage is to all the time 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 may join with him on LinkedIn right here.