SVP Product Management Salary

What is the SVP product management salary? Read this study to have more knowledge about this title. As a result, it can help you to learn more.

What is the SVP Product Management Salary?

Some people might feel like they are being taken advantage of by their employers. It is not uncommon for an employer to put forth a job offer that is low to get you to take the job. 

They might tell you that the salary will grow with experience and that the pay scale is open, but the reality is that your salary will stay at the original offer. To keep yourself from being taken advantage of, you need to know the salaries of your peers.

If you are a Senior Vice President of Product Management, then you should know how much they make. This can help you to make sure that the salary that is being offered to you is on par with what others in your field are making. Here is a breakdown of what the SVP product management salary is.

The average salary for a Senior Vice President of Product Management is $242,000 per year, according to Payscale. This number can vary depending on the company that you work for, the location of where you work, and the industry that you are in.

The range of how much an SVP product manager makes per year is $130,000 to $544,000. If you are making more than this, then you have a good opportunity to negotiate your salary or ask for a pay raise.

Employer

The SVP product management salary is often based on the company that you work for. If you are working for a smaller company, then the salary will be lower. 

You can expect to make about $132,000 per year if you work for a small business. If you work for a larger corporation, then the salary will be higher. The salaries can range from $143,000 to $244,000 per year depending on the size of the company. This is about $2,000 more than the small business salary.

Location

The location of where you work can have a great deal to do with your salary. If you are working in a big city, then the salary will be higher than if you are working in a rural area. The average 

SVP product management salary in Los Angeles, CA is $195,000 per year. New York City is another big city where you can make a good amount of money. The average salary in New York City is $242,000 per year.

Industry

The industry that you work in also has a lot to do with your salary as an SVP product manager. If you work in the oil industry or in a field where there is a lot of competition, then you can expect to make more money. 

On the other hand, if you work in an industry with less competition and less demand for product managers, then you will be making less.

The average SVP product management salary in the oil industry is $219,000 per year. The average salary in the pharmaceutical industry is $234,000 per year.

Conclusion

If you want to know what type of salary you should expect as an SVP product manager, then you need to know where you want to work, what type of industry you are in, and how much competition there is.