If you are thinking of pursuing a product manager role, you are making an excellent career choice as product managers are one of the most sought-after occupations in the world right now. The job market for product managers is becoming more competitive as products become more intricate.
In this article, we will discuss the best companies for product managers and provide you with all the information you need to succeed in this industry. Moreover, this guide will also cover subjects ranging from the highest-paying companies for product managers in 2023 to what a company pays its project managers.
What Is a Product Manager?
A product manager ensures that a company’s goods and services are promoted. Before marketing a product, these managers assess demand and identify potential customers. Their role entails delivering a trustworthy high-level product vision for development teams to implement.
Furthermore, project managers possess strong leadership skills, technical skills, and qualifications, including product design or a Bachelor’s Degree in Engineering. They must also have a strong product management experience in a fast-paced environment, be able to effectively manage a cross-functional team, and all aspects of the product development cycle.
How to Get a Product Manager Job
Product management is a good career opportunity for people with core competencies and a product vision. Below we discuss the steps you need to take to become a product manager. These include education and certifications you may need to prove to potential employers that you can create and implement a successful product roadmap.
- Obtain a degree. You can earn a degree to become a product manager. A Bachelor’s Degree in Business or a related discipline, such as economics, communication, technology, advertising, or marketing, is required for most product manager positions.
- Get some first-hand experience. Before working as a product manager, you’ll need one to three years of industry experience. You can look for entry-level positions in your target industry and aim to move up to a product manager position once you’ve earned enough experience and have more background knowledge.
- Acquire the necessary skills and knowledge about a product. Look for opportunities to learn and grow in your entry-level career. Develop the soft skills and product strategy needed to be a great product manager. Keep track of your leadership accomplishments so you can write an effective project management cover letter and resume to help you stand out during job interviews.
- Look for certifications. Aim for certifications to improve your chances of acquiring a product management position. There are several certifications available, and you can also attend a product management course. Obtaining the necessary certifications will improve your knowledge and demonstrate your expertise for a project management role.
- Apply for a project manager job in your desired product field. You should look at product management jobs with many companies to compare responsibilities, growth opportunities, and salaries. If becoming a product manager is your dream job, don’t be afraid to apply and seek a career in product management at the best companies available.
Top 10 Highest-Paying Product Managers Companies
| Company | Salary for Product Managers |
|---|---|
| Meta | $198,594 |
| $168,593 | |
| Cisco Systems | $166,945 |
| Salesforce | $147,248 |
| Adobe | $145,582 |
| VMware | $145,198 |
| Intuit | $141,385 |
| Microsoft | $131,580 |
| Amazon | $128,878 |
| American Express | $104,257 |
Meta
Tech giant Meta is the parent company of Instagram, Whatsapp, and Facebook. The vision of Meta is to help in the creation of the metaverse. Meta creates software that makes it easier for individuals to connect, form communities, and start enterprises.
This can be the best place to work as a product manager if you have a strong technical skill set. Job opportunities at Meta are diverse, with positions such as computer technician, software engineer, data analyst, and data scientist, among others.
What Does Meta Pay Its Product Managers?
The average income for a Meta product manager is $198,594 per year, according to Glassdoor. When bonuses and other forms of compensation are taken into account, a product manager at Meta can expect to earn a total of $205,304 each year.
Meta-Reviews
Meta presently ranks in the top 10 percent of similarly sized companies. It has a 4.3-star rating out of a possible five. 84 percent of 750 Meta employee reviews were positive, according to Comparably. The remaining 16 percent were constructive criticisms aimed at helping Meta improve their workplace culture.
Google is a multinational corporation providing internet-related services. It organizes world knowledge and makes it universally accessible and valuable. Some of the different careers at Google are software engineer, data scientist, operations manager, and data analyst.
What Does Google Pay Its Product Managers?
The typical salary of a Google product manager is $168,593 per year, but when bonuses and other incentives are taken into account, the average pay for a product manager at Google becomes $178,558 per year, according to Glassdoor.
Google Reviews
According to Google reviews on Indeed, the company provides a variety of perks, ranging from time and location flexibility to a sense of personal appreciation and the potential to enhance one’s skills. Google has an overall rating of 4.3 out of five stars.
Cisco Systems
Cisco makes it possible for people to build strong connections. Cisco hardware, software, and service offerings are utilized to create Internet solutions that enable networks to function, providing easy access to information from any location. Some positions available are security research engineer, communications manager, content designer (UX writer), and creative director.
What Does Cisco Systems Pay Its Product Managers?
The average annual compensation for a Cisco Systems product manager is $166,945, according to Glassdoor. A product manager can also expect to earn an average total pay of $169,958 per year after bonuses and other compensation packages.
Cisco Systems Reviews
According to Cisco employee ratings on Comparably, 82 percent of respondents had a positive outlook regarding this company. The remaining 18 percent provided constructive criticism aimed at helping Cisco improve its workplace culture. Moreover, the company has a Glassdoor rating of 4.3 out of five stars.
Salesforce
Salesforce has its headquarters in San Francisco and is an American cloud-based software corporation. It offers sophisticated technologies to businesses of all sizes and customer relationship management (CRM) services. Some of the positions available at this organization are workforce development manager, success architect, and creative copy editor.
What Does Salesforce Pay Its Product Managers?
A product manager’s base salary at Salesforce can range from $93,311 to $212,070 per year. At Salesforce, product managers earn an average of $147,248 per year, according to Glassdoor. With bonuses and other compensation packages, product managers can earn a total base income of $151,923 each year.
Salesforce Reviews
Salesforce has a Glassdoor overall rating of around 4.4 out of five stars. It is one of the best Fortune 100 best companies to work for. Based on over 613 reviews, employee benefits revolve around strong company culture and growth opportunities, but the drawbacks, based on over 171 reviews, imply a typical large firm with a complex structure.
Adobe
Adobe, one of the highest-paying tech companies, is located in San Jose, California. It specializes in software to create and disseminate a wide range of content, including photography, graphics, illustration, animation, multimedia, and motion pictures. Jobs available at this company include customer success manager, senior project manager, and customer support specialist.
What Does Adobe Pay Its Product Managers?
According to Glassdoor, the average annual compensation for an Adobe product manager is $145,582. These annual wages for product managers at Adobe can range from $92,00 to $225,000. However, when considering bonuses and other perks, they earn an average base salary of $151,793.
Adobe Reviews
Adobe employees are delighted about their complete salary package. Overall, 896 Adobe employees gave their bosses an A+ rating, putting the company in the top five percent of similar-sized firms. 96 percent of 3104 Adobe employee reviews were favorable based on Comparably.
VMware
VMware is an American cloud computing and virtualization technology firm headquartered in California. Available careers at this company include data analyst, software engineer, customer success manager, and project manager.
What Does VMware Pay Its Product Managers?
Product managers earn a typical salary of $145,198 per year, according to Glassdoor. However, this annual salary can range from $20,000 to $228,000 per year. When bonuses and other perks are taken into account, a project manager at the corporation can earn an average of $148,686 per year.
VMware Reviews
According to Comparably, 87 percent of 327 VMware employee ratings were positive. The remaining 13 percent were reasonable criticisms aimed at helping VMware improve its workplace culture. The company has a Glassdoor rating of 4.3 out of five stars.
Intuit
Intuit is a technology business that focuses on financial applications. This corporation plays a crucial role in the development of financial software for consumers, particularly for individuals who are self-employed or run a sole proprietorship.
Web content author, bookkeeper, and business operations manager are some of the positions accessible at the organization. It is considered a great place to start your product manager career, especially for product professionals with strong technical backgrounds.
"Career Karma entered my life when I needed it most and quickly helped me match with a bootcamp. Two months after graduating, I found my dream job that aligned with my values and goals in life!"
Venus, Software Engineer at Rockbot
What Does Intuit Pay Its Product Managers?
According to Glassdoor, the average income for an Intuit product manager is $141,385 per year. Intuit’s product manager salaries range from $14,00 to $195,000 each year. At this company, a product manager is expected to earn an average total pay of $148,441 per year after bonuses and other perks.
Intuit Reviews
According to Comparably, Intuit employee reviews were positive, with only a few drawbacks. 90 percent of 526 Intuit employee reviews were favorable toward the company. The remaining 10 percent mentioned how Intuit could improve its workplace culture through better leadership.
Microsoft
Microsoft, which is situated in Redmond, Washington, has built a reputation as a digital behemoth over the years. Its core values include manufacturing computer software, consumer devices, computers, and other related services.
This firm will most likely fulfill your career goals when working as a product manager as it provides a good compensation package. Technical programs manager, software engineer, and financial analysis and controls manager are some of the jobs available at this organization.
What Does Microsoft Pay Its Product Managers?
The average annual compensation for a Microsoft product manager is $131,580. Depending on the job role, a product manager’s salary ranges from $25,000 to $605,000 per year, according to Glassdoor. Moreover, product managers can earn an average of $143,648 per year after bonuses and other perks.
Microsoft Reviews
Overall, Microsoft’s company rating on Glassdoor is 4.4 out of five. 2073 individuals believe the workplace in Microsoft offers a competitive environment with smart workers, but 552 people say the performance assessment system isn’t very fair.
Amazon
Amazon is an ecommerce company that began as an online bookstore. Since then, Amazon has evolved and now specializes in digital streaming, cloud computing, and artificial intelligence. Some of the various careers available at Amazon include support engineer, packer, and software engineer.
What Does Amazon Pay Its Project Managers?
A product manager at Amazon gets a median income of $128,878 yearly. Their salary can range from $34,000 to $265,000. After bonuses and other benefits, product managers can earn an average of $130,008, according to Glassdoor.
Amazon Reviews
Based on employee reviews on Comparably, 79 percent of 9884 Amazon employees were satisfied with the company. The remaining 21 percent provided feedback aimed at helping Amazon enhance its company culture. Furthermore, Amazon has a Glassdoor rating of 3.8 stars out of five.
American Express
American Express is a financial services firm specializing in various services, such as credit cards, travel, and insurance. Getting a product manager position here would be beneficial financially and help you advance your career. Some other jobs available at this company include travel consultant, recruitment coordinator, quality engineer, and director.
What Does American Express Pay Its Product Managers?
The typical salary for an American Express product manager is $104,257 per year. Depending on the position, these salaries can range from $75,000 to $171,000, according to Glassdoor. When other perks and compensation are taken into account, the total base pay is estimated to be $112,958 per year.
American Express Reviews
American Express employee reviews based on Comparably indicate that 70 percent of 345 American Express employees have a positive outlook for this company. The remaining 30 percent provided criticism aimed at helping American Express improve its workplace culture and inclusivity. The company has a Glassdoor rating of 4.2 out of five stars.
Why You Should Become a Product Manager in 2023
You may already have an idea of how rewarding a product management position can be. Of course, money isn’t the only thing that motivates people to work in product management. There’s a chance to make a difference in the lives of millions of people, to create the change you want to see in the world, and to start a rewarding and fast-paced career.
A product manager, or a PM, is a promising career. If you’re a curious observer of life, you see opportunities, you’re a leader, or you’re a problem solver, product management could be the right career decision for you.
Best Companies for Project Managers FAQ
Before you can work as a product manager, you must have a Bachelor’s Degree in Business or a related discipline. Some companies employ people who have earned a Master’s Degree in Management. A certain level of experience in a related sector is also necessary.
Product managers define and assess what product success looks like for a company before making a product decision. They also form teams to bring the company’s goals to life.
Typically, people pursuing a career in product management earn an MBA as well as years of professional experience, which might take three to five years. An MBA program and these professional experiences can aid in the development of your leadership skills and other relevant skills, consequently supporting your evolving product vision.
A project manager manages the various projects to achieve a goal and make a business itinerary a reality, while a product manager establishes the product’s vision, goals, and business itinerary. As a result, if the product manager is a strategic thinker, the project manager is a doer.
About us: Career Karma is a platform designed to help job seekers find, research, and connect with job training programs to advance their careers. Learn about the CK publication.
