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For example, they cut down fuel allowances and food allowances. Furthermore, some companies cut down the additional compensations if working in the remote mode. If the city does not have enough group PMs to satisfy the demand, the salaries are higher in such cities. Therefore, salaries are lower with the inflation rate unless employers adjust the salaries according to the inflation.īased on the job location, the demand for the job vary. Īlso, if you live in a country with high inflation, your currency has a lower value than the USD. But if you live in New York City, where the cost of living is higher, the salary is $172 755 per year. In that case, the average group PM salary is $131,233 per year, around 30% less than the average salary across the US. For example, suppose you live in a city like Dallas, Texas, which has a lower cost of living than other cities in the US. The cost of living in cities is the major reason behind average group product manager salaries fluctuations.
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Location, educational qualification, years of experience, industry, and additional responsibilities are the major factors that affect these figures. The average salary of a GPM is subject to significant changes because of several factors. Again these estimates vary according to several factors like the location, experience, and education which we discuss in the next section. It also reports that they get a bonus of 15% of their salary each year. Meanwhile, Comparably indicates that the average salary of a Group PM in tech in the US earns $184,242 per year, and the salary ranges from $60,000 to $343,000. However, these estimates change according to several factors. The additional compensation includes tips, bonuses, and overtime pay. A group PM with 1-4 years of experience gets a salary of $134,320, while a group PM with 10-19 years of experience gets a salary of $172,814. However, Oracle and Microsoft seem to be paying Group PMs below-average salaries.Īccording to PayScale, a group PM makes an average salary of $151,114 per year. A group PM of Google, Intuit, and Adobe gets an average salary of $292,268, $221,567, and $215,640 per year. Nonetheless, many companies like Intuit, Google, and Adobe offer salaries above this average. It includes base pay of $151,839 and $19,805 additional pay, including cash bonuses, commissions, tips, and profit-sharing. Glassdoor reports that considering all years of experience, the average salary of group PM is $171,718 per year. Thus, It is important to compare figures from different research sites to conclude the average rate. Some research sites indicate the estimate's reliability, while some do not. Therefore, there are slight differences between the average salaries and benefits reported. Different job research sites provide average salaries based on self-reviews from people who work as group PMs in those companies. Average Group Product Manager Salary Estimatesĭirect advertising of salaries is not a practice among many companies, including tech giants like Google, Microsoft, Amazon, Paypal, etc.
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We also explain the factors affecting the average group PM salaries and compare their salaries and a senior product manager. This article provides information on average salaries reported in job alerts on job research sites like Glassdoor, Comparably, and PayScale. Then you must know the average salary of a group PM so that it helps you to negotiate your salary with the companies according to the market average. Is your ambition to become a group PM or chief product officer in your company? A group PM salary package includes other extra benefits such as cash bonuses, commission, tips, and profit-sharing. Many product managers target this position because of companies' attractive remuneration packages for their duties and responsibilities. In modern companies, group product managers (GPM) play an important role in leading a group of product managers to oversee their product management efforts.
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