We often hear the question, “How much does a Product Manager make?” In response, we’ve compiled a list of the 2016 highest paying salaries in the tech industry. You’ll notice ‘Product Manager; made the ranks, and as a PM keeps moving up, so do the numbers.
Marketing Manager – avg. salary $98,205
A marketing manager is someone who manages the marketing of a business or product. They can be responsible for several services or products, or be in charge of a single product. A marketing manager needs to have an outgoing, gregarious, and spontaneous nature. In concert with these traits, they need to be highly focused, detail-oriented, and very conscientious of meeting budget restraints and timelines. They are also known as Marketing Coordinators or Marketing Development Managers.
Android Engineer – avg. salary $100,027
As more and more consumers have made the move to mobile, the demand for mobile developers has multiplied. On top of that, the number of platforms supported by Android has exploded of late. That means more jobs for qualified engineers, and with demand for software engineers continuing to outstrip supply, top Android developers are ready to pay top dollar for engineering talent.
Machine Learning Engineer – avg. salary $112,500
Machine learning is an exciting, growing and lucrative field. The world of artificial intelligence is quietly picking up serious steam, both in Silicon Valley and elsewhere around the country, and machine learning engineers are therefore in increasing demand. MLE’s take a basis of data science and statistics to help make our machines smarter, faster, and more streamlined.
Product Manager – avg. salary $114,762
A product manager sits in the intersection of engineering, design, and business. PMs are employed to see the bigger picture of where a product is going to go and how we can take it there. Product managers are innovative, thoughtful and consumer-friendly men and women. They are responsible for everything from design and implementation to marketing and distribution. In other words, if the engineers and architects are waging technological trench warfare, product managers are the generals leading them into (and out of) battle. Here at ProductSchool, we specialize in training people to get to this field. If you are interested, check out our site.
Analytics Manager – avg. salary $116,725
Everything comes back to data. Analytics engineer typically require advanced degrees in statistics and ample experience in complex software programs, data mining and data analysis. These roles are filled by candidates with a high statistical IQ who are also able to take what their teams find in terms of data and filter it in ways that are beneficial to the company’s bottom line.
Data Scientist – avg. salary $126,875
A data scientist represents an evolution from the business or data analyst role. The formal training is similar, with a solid foundation typically in computer science and applications, modeling, statistics, analytics and math. What sets the data scientist apart is strong business acumen, coupled with the ability to communicate findings to both business and IT leaders in a way that can influence how an organization approaches a business challenge. Good data scientists will not just address business problems, they will pick the right problems that have the most value to the organization.
Solutions Architect – avg. salary $129,032
As the software architect designs the physical structure of a product or service, the solutions architect works with certain customers to devise software solutions for a specific issue they may be having. While schooled in the basics of software programming, a great deal of software architects’ time is taken up with customer relations. So if you’re an able programmer but also a people person, this position may be right for you. If nothing else, it’s the right price!
IT Manager – avg. salary $131,816
An Information Technology Manager is responsible for implementing and maintaining an organization’s technology infrastructure. Businesses rely on a central information processing system to support efficient data management and communications. The IT manager monitors the organization’s operational requirements, researches strategies and technology solutions, and builds the most cost-effective and efficient system to achieve those goals.
Software Dev. Manager – avg. salary $134,896
Software development managers are similar to product managers in that they ferry a software project from the first germ of the basic idea through to the final product that lands on the customer’s desk. This is an advanced position that requires a few years of experience, and it also requires technical savvy, organizational skills, excellent communication and an ability to see the forest and the trees during the development of the project. For all that, though, these managers are paid handsomely for their efforts.
Software Architect – avg. salary $136,134
Great software architects are designers and diplomats. They create innovative and valuable programs, but they also translate highly technical plans into a vision the C-suite can understand. They are a crucial link between a company’s tech unit and management. It’s an opportunity to create and shape a company’s computer strategy. More responsibility also brings higher pay for a designer who wants to trade a PC screen for the conference room.
In addition to the top 10 highest salaries in Tech, here are the average salaries on the way up the Product Management career ladder:
Senior Product Manager – avg. salary $130,946
Head of Product Management – avg. salary $141,533
Director of Product Management – avg. salary $153,043
VP of Product – avg. salary $171,367
*salaries are based on findings from Glassdoor.com