As a product manager, in addition to having a solid technical background and excellent product design capabilities, you also need to have excellent leadership and business sensitivity. Therefore, the salary of product managers has increasingly become a topic of concern. So, in general, what is the salary level of a product manager?
The biggest factor affecting the salary is the work experience of the product manager, followed by the city where you are located, and then the size of the company.
First of all, from the perspective of experience, generally speaking, the position of product manager is divided into several career development paths based on the experience of the practitioner: product assistant/specialist, product manager, senior product manager, and product director. Some people will say There are also product presidents and the like, who are basically at the level of corporate partners and not part of the ranks of migrant workers. Others value more shares than salaries.
Product manager working years:
1. Product manager 1-3 years: The average monthly salary is 14.5K/month. At this time, the product ability is usually not very strong, so the salary is generally below the average salary. If personal ability, company background and product line are different, there is still a big salary difference. It is also at the level of 1-3 years, some people have been doing odd jobs, and some people have already taken the lead.
2. 3-5 years of product experience: the average monthly salary is 23.2K/month. There is also a watershed at this time. A few people will stagnate, but more people will get a relatively high salary.
3. 5-10 years of product experience: The average monthly salary is 28.8K/month. If the background is not good and the ability is not strong, it may be within 20K.
4. More than 10 years of product experience: The salary range is 33.6K+. At this time, the product manager is at an advanced level, often has the ability to lead a team, and the salary level will be higher.
City: The second factor that affects the salary of a product manager is the city where you live, because there are many cities. Here we only take Beijing, Shanghai, Guangzhou, Shenzhen and Hangzhou as examples. The salary offered by Beijing is the highest in the Internet industry. I have seen that in some large factories, ordinary product managers can reach about 30K. With the same working years, it may be 1k-2K higher than Shanghai. Then there are Shanghai and Shenzhen. The salary levels offered by these two cities are similar. If you have to compare, Shanghai may be higher than Shenzhen, but not much higher.
Company size: Generally speaking, the larger the company, the better the development and the more formal it is, and the less it will deduct salary. More importantly, large companies generally have a 4-month year-end bonus, which means that if your performance appraisal reaches the average, you can get a 4-month year-end bonus. If you perform well, you can get a 6-12 month year-end bonus It is also possible. Relatively speaking, small companies are very informal in this area. The good ones will give you two months, and the bad ones may not be available for a month. In addition, large companies will also have various subsidies, such as meal subsidies, transportation subsidies, housing subsidies, etc., which are also invisible benefits. At the same time, another point is that working in a big company has a higher social status, and it sounds good to say it. Otherwise, why would someone be willing to post their ByteDance, Tencent, and Ali badges in their Moments. During the holidays, I say that I work in a big factory, and I have face.
The gold content of product manager certification
From the monthly salary of the product manager above, we can see that the gold content of the product manager's certification is very high. Not only can he get higher salary and benefits, but he can also improve his self-ability.
First of all, NPDP is the only and most authoritative international certification in the field of new product development. Obtaining the NPDP certificate proves that it has a systematic product development management knowledge system.
Secondly, obtaining NPDP has the possibility of becoming an excellent product manager, providing opportunities for promotion and salary increase in the workplace, and opportunities for product development.
Then, to obtain NPDP is to obtain the status symbol of a product manager.
Then, companies quickly recognized NPDP. In just one year, many companies have paid attention to and implemented training, and major Internet companies have begun to implement it.
Finally, obtain NPDP certification, core positions, the first choice for HR recruitment, such as: product assistant, product manager, product director, test manager, project manager, demand analyst, agile coach, R&D manager, etc.