What is a Product Manager?
Mid-level product manager who independently owns a product area or feature set. Responsible for strategy, roadmap, and execution for their domain. Product Managers typically have 2-5+ years of product management experience and command median total compensation of $207K, ranging from $144K to $301K depending on location and company.
At FAANG companies in top markets like San Francisco, PMs can earn $426K+ in total compensation, with equity comprising a significant portion of the package. The role requires mastery of skills including Strategic thinking and product vision, Strong stakeholder management, Technical fluency with engineering concepts, Advanced data analysis and experimentation.
PM Responsibilities
- Own end-to-end product strategy for a feature or product area
- Define and prioritize the product roadmap
- Lead cross-functional teams to ship products
- Make data-driven decisions using metrics and user research
- Communicate product vision to stakeholders
- Mentor junior PMs or APMs
PM Salary by Location
| Location | Base Salary | Total Comp | vs Avg |
|---|---|---|---|
| SF Bay | $189K | $262K | +27% |
| NYC | $182K | $254K | +23% |
| Seattle | $175K | $246K | +19% |
| Boston | $161K | $230K | +11% |
| LA | $161K | $230K | +11% |
| London | $154K | $222K | +8% |
| Austin | $147K | $215K | +4% |
| Remote | $147K | $215K | +4% |
| Chicago | $140K | $207K | 0% |
| Denver | $140K | $207K | 0% |
| Philly | $140K | $207K | 0% |
| Atlanta | $133K | $199K | -4% |
| Dallas | $133K | $199K | -4% |
| Houston | $133K | $199K | -4% |
PM Salary by Company Type
FAANG / Big Tech
$426KTier 1 Tech
$362KMid-Tier Tech
$262KLate Startup
$272KEarly Startup
$270KFinancial Services
$298KEnterprise
$226KCareer Progression
Path to Sr PM: Advancing from PM to Sr PM typically requires demonstrating impact at scale, developing leadership skills, and consistently exceeding expectations. The compensation jump averages 46% increase in total compensation.
Skills Required for PM
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What is the average Product Manager salary in 2026?
The average Product Manager (PM) earns $140K base salary with total compensation of $207K including equity and bonus at the national average. In San Francisco, PMs can earn $426K+ at FAANG companies.
How many years of experience do you need to be a PM?
Product Managers typically have 2-5+ years of product management experience. However, exceptional candidates may reach this level faster, especially those transitioning from engineering, design, or other technical roles at senior levels.
What does a Product Manager do?
Product Managers are responsible for: Own end-to-end product strategy for a feature or product area; Define and prioritize the product roadmap; Lead cross-functional teams to ship products; and more. The role requires strong skills in Strategic thinking and product vision, Strong stakeholder management, Technical fluency with engineering concepts, Advanced data analysis and experimentation.
What comes after PM?
The next level after Product Manager is typically Senior Product Manager (Sr PM), which requires 5-8+ years of experience. Sr PMs earn $301K median total compensation—about 46% more than PMs.