Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for product managers in the United States. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:
- There are over 43,603 product managers currently employed in the United States.
- 34.7% of all product managers are women, while 65.3% are men.
- The average age of an employed product manager is 39 years old.
- The most common ethnicity of product managers is White (74.6%), followed by Hispanic or Latino (8.7%), Asian (8.2%) and Unknown (5.3%).
- In 2021, women earned 95% of what men earned.
- 10% of all product managers are LGBT.
- Product managers are 70% more likely to work at public companies in comparison to private companies.
Product Manager Statistics By Gender
34.7% of product managers are women and 65.3% of product managers are men.
- Male, 65.3%
- Female, 34.7%
Product Managers By Gender
| Gender | Percentages |
|---|---|
| Male | 65.3% |
| Female | 34.7% |
Gender Pay Gap For Product Manager
Women Earn 95¢ For Every $1 Earned By Men
![Product Manager Demographics and Statistics [2023]: Number Of Product Managers In The US (1)](data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw== "Product Manager Demographics and Statistics [2023]: Number Of Product Managers In The US (1)")
Male Income
$113,778
Female Income
$108,536
Product Manager Gender Over Time
This data shows how men and women predominate in the product manager position over time.
Male
Female
100
%
80
%
60
%
40
%
20
%
%
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Product Manager Gender By Year
| Year | Male | Female |
|---|---|---|
| 2010 | 81.14% | 18.86% |
| 2011 | 80.91% | 19.09% |
| 2012 | 81.33% | 18.67% |
| 2013 | 81.29% | 18.71% |
| 2014 | 80.03% | 19.97% |
| 2015 | 79.70% | 20.30% |
| 2016 | 79.61% | 20.39% |
| 2017 | 78.87% | 21.13% |
| 2018 | 67.39% | 32.61% |
| 2019 | 66.42% | 33.58% |
| 2020 | 64.97% | 35.03% |
| 2021 | 65.32% | 34.68% |
Product Manager Male to Female Ratio
We compared this job title with other job titles to see how gender percentages varied. As you can see, sales superintendent and route sales manager have the biggest difference in gender.
| Job Title | Male | Female |
|---|---|---|
| Catering Sales Manager | 19% | 81% |
| Director Of Admissions And Marketing | 20% | 80% |
| Media Traffic Manager | 20% | 80% |
| Product Manager | 65% | 35% |
| Director Of Sales Engineering | 93% | 7% |
| Route Sales Manager | 94% | 6% |
| Sales Superintendent | 95% | 5% |
Male
Female
100%
75%
50%
25%
0%
Product Manager Statistics By Race
The most common ethnicity among product managers is White, which makes up 74.6% of all product managers. Comparatively, there are 8.7% of the Hispanic or Latino ethnicity and 8.2% of the Asian ethnicity.
- White, 74.6%
- Hispanic or Latino, 8.7%
- Asian, 8.2%
- Unknown, 5.3%
- Black or African American, 3.0%
- American Indian and Alaska Native, 0.2%
Product Manager Race
| Product Manager Race | Percentages |
|---|---|
| White | 74.6% |
| Hispanic or Latino | 8.7% |
| Asian | 8.2% |
| Unknown | 5.3% |
| Black or African American | 3.0% |
| American Indian and Alaska Native | 0.2% |
Product Manager Race And Ethnicity Over Time
Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010-2019 among product managers.
- White
- Asian
- Hispanic or Latino
- Black or African American
Product Manager Race By Year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 83.20% | 3.77% | 4.83% | 6.40% |
| 2011 | 82.97% | 3.67% | 5.02% | 6.54% |
| 2012 | 81.98% | 4.30% | 4.92% | 6.96% |
| 2013 | 82.82% | 3.53% | 5.17% | 6.71% |
| 2014 | 81.64% | 4.15% | 5.07% | 7.25% |
| 2015 | 81.26% | 3.56% | 5.82% | 7.41% |
| 2016 | 80.88% | 3.69% | 5.85% | 7.32% |
| 2017 | 80.80% | 3.66% | 6.04% | 7.44% |
| 2018 | 79.66% | 3.34% | 7.30% | 7.37% |
| 2019 | 77.79% | 3.14% | 8.02% | 8.43% |
| 2020 | 75.01% | 3.41% | 8.18% | 8.85% |
| 2021 | 74.58% | 3.04% | 8.15% | 8.67% |
Product Manager Wage Gap By Race
$121,000
$118,000
$115,000
$112,000
$109,000
$106,000
$103,000
Unknown
White
Black or African American
Asian
Hispanic or Latino
| Ethnicity | Salary |
|---|---|
| Unknown | $110,608 |
| White | $110,196 |
| Black or African American | $105,958 |
| Asian | $119,142 |
| Hispanic or Latino | $109,881 |
Browse Most In Demand Jobs
- (Video) PRODUCT MANAGEMENT FUNDAMENTALS
Product Manager JOBS
Average Age of a Product Manager
We determined the average age of product managers based on ethnicity and gender.
Male
Female
Product Manager Age By Race
| Race | Male Age | Female Age |
|---|---|---|
| Unknown | 37.5 | 36 |
| White | 40 | 37 |
| Black or African American | 45 | 37 |
| Asian | 39 | 36 |
| Hispanic or Latino | 39 | 34 |
Product Manager Age Breakdown
This chart breaks down the ages of product manager employees. Interestingly enough, the average age of product managers is 40+ years old, which represents 44% of the population.
40+ years
30-40 years
20-30 years
Product Manager Age
| Product Manager Years | Percentages |
|---|---|
| 40+ years | 44% |
| 30-40 years | 39% |
| 20-30 years | 17% |
Types of Product Manager Degree Levels
The most common degree for product managers is bachelor's degree 72% of product managers earn that degree. A close second is master's degree with 17% and rounding it off is associate degree with 7%.
- Bachelors, 72%
- Masters, 17%
- Associate, 7%
- High School Diploma, 1%
- Other Degrees, 3%
Product Managers By Education
| Product Manager Degree | Percentages |
|---|---|
| Bachelors | 72% |
| Masters | 17% |
| Associate | 7% |
| High School Diploma | 1% |
| Other Degrees | 3% |
Product Manager Jobs You Might Like
Product Manager Wage Gap By Education
$134,000
$129,000
$124,000
$119,000
$114,000
$109,000
$104,000
Master's Degree
Bachelor's Degree
Doctorate Degree
| Education | Salary |
|---|---|
| Master's Degree | $123,417 |
| Bachelor's Degree | $108,536 |
| Doctorate Degree | $128,636 |
Product Manager Employment Statistics
This section highlights information about where product managers work. We found most product managers work for a public company. In addition, the industry that employs the most product managers is the technology industry.
Company Size
We created this chart to show you the average size of companies that typically hire product managers.
< 50 employees
50 - 100 employees
100 - 500 employees
500 - 1,000 employees
1,000 - 10,000 employees
> 10,000
Product Manager Jobs By Employer Size
| Company Size | Percentages |
|---|---|
| < 50 employees | 2% |
| 50 - 100 employees | 3% |
| 100 - 500 employees | 5% |
| 500 - 1,000 employees | 3% |
| 1,000 - 10,000 employees | 34% |
| > 10,000 employees | 53% |
The Types Of Companies Product Manager Work In
Employees with the product manager job title have their preferences when it comes to working for a company. For instance, most product managers prefer to work at public companies over private companies.
Education
Public
Private
Product Manager Jobs By Sector
| Company Type | Percentages |
|---|---|
| Education | 2% |
| Public | 70% |
| Private | 28% |
| Government | 0% |
Top Industries Hiring Product Managers
Just based on the number of employees within each industry, we were able to determine the most common industries that employ product managers. Those industries include technology, manufacturing and finance.
Fortune 500
Technology
Manufacturing
Finance
Internet
Show More
Product Manager Industry Statistics
| Industry | Percentages |
|---|---|
| Fortune 500 | 24% |
| Technology | 20% |
| Manufacturing | 9% |
| Finance | 8% |
| Internet | 5% |
| Retail | 5% |
| Media | 4% |
| Telecommunication | 4% |
| Health Care | 4% |
| Professional | 4% |
| Hospitality | 2% |
| Start-up | 2% |
| Pharmaceutical | 1% |
| Transportation | 1% |
| Automotive | 1% |
| Insurance | 1% |
| Education | 1% |
| Energy | 1% |
Product Manager Turnover And Employment Statistics
Product Manager Unemployment Rate Over Time
The Bureau of Labor Statistics came in clutch when it came down to figuring out how the unemployment rate has changed over time. Between 2008 and 2018, this is how the number of product managers changed.
- Unemployment rate
Product Manager Unemployment Rate By Year
| Year | Product Manager Unemployment Rate |
|---|---|
| 2010 | 7.47% |
| 2011 | 6.19% |
| 2012 | 5.30% |
| 2013 | 4.87% |
| 2014 | 3.70% |
| 2015 | 3.36% |
| 2016 | 3.08% |
| 2017 | 2.97% |
| 2018 | 3.34% |
| 2019 | 3.54% |
| 2020 | 4.71% |
| 2021 | 4.59% |
The Average Number of Years That Product Manager Stay in a Job
By looking over 41,262 product managers resumes, we figured out that the average product manager enjoys staying at their job for 1-2 years for a percentage of 42%.
Less than one year
1-2 years
3-4 years
5-7 years
8-10 years
11+ years
Product Manager Tenure
| Number or Years | Percentages |
|---|---|
| Less than 1 year | 11% |
| 1-2 years | 42% |
| 3-4 years | 19% |
| 5-7 years | 15% |
| 8-10 years | 6% |
| 11+ years | 7% |
Comparing The LGBT Ratio of Product Managers with Other Job Titles
After finding the gender ratio, we wondered if the percentages of LGBT persons were different as well. Using the data below, you can see how other job titles compare to product managers.
| Job Title | LGBT | Job Openings |
|---|---|---|
| Global Sales Manager | 7.25% | 105,161 |
| Advertising Production Manager | 9.54% | 56,812 |
| Product Manager | 9.86% | - |
| Media Relations Manager | 16.11% | 31,281 |
Product Manager LGBT Demographics
| Profession | Percentages of LGBT | Job Openings |
|---|---|---|
| Global Sales Manager | 7.25% | 105,161 |
| Advertising Production Manager | 9.54% | 56,812 |
| Media Relations Manager | 16.11% | 31,281 |
Foreign Languages Spoken By Product Managers
The most common foreign language among product managers is Spanish at 34.8%. The second-most popular foreign language spoken is French at 12.0% and Mandarin is the third-most popular at 8.7%.
- Spanish, 34.8%
- French, 12.0%
- Mandarin, 8.7%
- Chinese, 8.6%
- German, 7.7%
- Other, 28.2%
Product Manager Languages Spoken
| Foreign Language | Percentages |
|---|---|
| Spanish | 34.8% |
| French | 12.0% |
| Mandarin | 8.7% |
| Chinese | 8.6% |
| German | 7.7% |
| Other | 28.2% |
Product Manager Jobs
Recently Added Product Manager Jobs
Product Manager Heatmaps
The amount you can make as a product manager can depend on where you live. For example, the highest salary of product managers is $201,528. Use our chart to find out where that salary is located.
Where Do Product Managers Earn The Most?
Product managers earn the most in California, where the average product manager salary is $123,009. The map here shows where product managers earn the highest salaries in the U.S. The darker areas across the 50 states highlight the highest salaries.
Average Salary
![Product Manager Demographics and Statistics [2023]: Number Of Product Managers In The US (5)](https://i0.wp.com/media.zippia.com/salary-maps/2.4.8/product-manager.svgz "Product Manager Demographics and Statistics [2023]: Number Of Product Managers In The US (5)")
Which State Has The Most Product Managers?
By looking through more than 41,262 resumes, we found that the most popular places for product managers are New York, NY and San Francisco, CA.
Number of Product Managers
![Product Manager Demographics and Statistics [2023]: Number Of Product Managers In The US (6)](https://i0.wp.com/media.zippia.com/demographics-maps/2.4.4/resume-product-manager.svgz "Product Manager Demographics and Statistics [2023]: Number Of Product Managers In The US (6)")
Number Of Product Manager Jobs By State
Where Are Product Managers In High Demand?
Product managers are in high demand in New York, NY. There are currently 471 job openings for product managers here. We looked over job openings to determine where in the country product managers are in the most demand.
Jobs Openings
![Product Manager Demographics and Statistics [2023]: Number Of Product Managers In The US (7)](https://i0.wp.com/media.zippia.com/demographics-maps/2.4.4/listing-product-manager.svgz "Product Manager Demographics and Statistics [2023]: Number Of Product Managers In The US (7)")
Product Manager Demographics FAQs
What Percentage Of Product Managers Are Female?
34.8% of product managers are female in the United States. This is 1.0 percentage points higher than last year. Additionally, the percentage of female product managers has increased by 15.1 percentage points since 2010. That means there are a total of 14,396 female product managers in the U.S. and 26,974 male product managers in the United States. Note that Zippia's estimate accounts only for the 41,370 people with the specific job title of product manager and doesn't include grouping similar job titles, or people with potentially similar credentialing.
How Many Product Manager Are There In The Us?
There are over 43,603 Product Managers in the United States.
What Percentage Of Product Managers Are Black?
3.0% of Product Managers are Black or African American
What Race Are Most Product Managers?
Most a are White, with 74.6% of Product Managers belonging to this ethnicity. 8.7% of Product Managers are Hispanic or Latino, 8.2% of Product Managers are Asian, 5.3% of Product Managers are Unknown, 3.0% of Product Managers are Black or African American, and 0.2% of Product Managers are American Indian and Alaska Native
Are Product Manager Jobs Male - Dominated?
Yes, Product Manager jobs are male - dominated. 65% of Product Managers are male, and 34% are female, so there are more male Product Managers than female Product Managers in the United States.
How Old Is The Average Product Manager?
The average Product Manager is 39 years old. 44% of Product Managers are 40+ years old or older, 39% are between the ages of 30-40 years, and 17% are between 20-30 years old
Have more questions?
See all answers to common executive management questions.Search For Product Manager Jobs
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Product Manager Related Careers
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Product Manager Related Jobs
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Product Manager Jobs By Location
- Product Manager Boston, MA
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Updated September 9, 2022
FAQs
How many product managers are there in USA? ›
There are over 43,603 product managers currently employed in the United States. 34.7% of all product managers are women, while 65.3% are men.
What are the demographics of product management? ›Of those employed, approximately 62.5 percent are men and 33.3 percent are women. The average age of a product manager is 38 years old. The large majority of product managers are based in San Francisco, California and New York, New York. In 2021, women product managers earned roughly 96 percent of what men earned.
How many product managers should a company have? ›The product manager-to-developer ratio
In 2007, Marty Cagan of the Silicon Valley Product Group said you need one product manager for every 6-10 developers, and today the “seven, plus or minus two” mentality is fairly pervasive (which makes sense given the Agile model).
Usually, there are three: a product manager, a project manager, and a product marketing manager.
How much does a US product manager earn? ›How Much Does a Product Manager Make in US? The average salary for a Product Manager in US is $127,889. The average additional cash compensation for a Product Manager in US is $16,940. The average total compensation for a Product Manager in US is $144,829.
How much is a product manager paid in the US? ›The national average salary for a Product Manager is $1,17,471 in United States. Filter by location to see Product Manager salaries in your area. Salary estimates are based on 49,774 salaries submitted anonymously to Glassdoor by Product Manager employees.
What are the 6 types of demographics? ›There are six major types of demographic segmentation: Age, gender, occupation, income, education, and family status. However, you can target other demographics that suit more the product or service you offer, such as ethnicity or religion.
What are 4 examples of demographics? ›Researchers use demographic analysis to analyze whole societies or just groups of people. Some examples of demographics are age, sex, education, nationality, ethnicity, or religion, to name a few.
What are 4 types of demographic segmentation? ›- Demographic segmentation based on age. ...
- Demographic segmentation based on Income. ...
- Demographic segmentation based on Religion, Race, and Ethnicity. ...
- Demographic segmentation based on Gender.
Salary Ranges for Product Managers
The salaries of Product Managers in the US range from $28,000 to $525,000 , with a median salary of $111,000 . The middle 57% of Product Managers makes between $111,000 and $242,000, with the top 86% making $525,000.
What is the average age of a senior Product Manager? ›
Read below to learn the different salaries for product managers based on their level of experience. Entry-level product managers earn an average salary of $74,620 annually. Mid-level product managers can earn an average of $113,000 annually. Senior-level product managers see an average salary of $208,000 annually.
Is there a demand for product managers? ›They make high-impact product decisions that focus on the platform's scale, reliability, security and cost efficiencies. Given the importance of this role, this role will always be in demand no matter what happens in the future.
How many hours do product managers work? ›Product managers work full time, usually more than 40 hours per week. They often work longer hours that extend into evenings and weekends, particularly when there are deadlines approaching. They spend time on computers, conducting research, and reading and writing reports.
What is the salary of Product Manager after 10 years experience? ›A mid-career Senior Product Manager with 4-9 years of experience earns an average salary of ₹27.7 Lakhs per year, while an experienced Senior Product Manager with 10-20 years of experience earns an average salary of ₹32.6 Lakhs per year.
Why are product managers paid so high? ›The salary depends on various factors such as experience, skills, location, and company. Product managers are in high demand because they can see the big picture and think strategically about product development.
How much does a Product Manager 2 at Microsoft make? ›The typical Microsoft Product Manager salary is ₹29,45,502 per year. Product Manager salaries at Microsoft can range from ₹3,06,278 - ₹61,10,940 per year.
Which country pays highest salary for Product Manager? ›- Switzerland: 177,000 CHF (around €169,400). The national average salary in Switzerland is about 124,000 CHF.
- France: €66,900. ...
- Austria: €63,900. ...
- Germany: €62,569. ...
- Spain: €45,700. ...
- Italy: €42,392.
Vice President Product Management salary in India ranges between ₹ 25.5 Lakhs to ₹ 101.0 Lakhs with an average annual salary of ₹ 51.0 Lakhs.
How much does a Product Manager at FAANG make? ›The average senior product manager's salary is around $146,000/year. Senior Product Managers at FAANG+ companies can be paid $250,000+/year. They also usually get stock options packages between $40,000 - $200,000/year.
What are 5 examples of demographics? ›
The five main demographic segments are age, gender, occupation, cultural background, and family status.
What chart is best for demographics? ›Histograms are the standard way to display age demographic data and are great for all kinds of distributions.
What are 3 categories of demographics? ›- Demographic data (at least age and sex)
- Economic data (e.g., occupation and income)
- Social (e.g., education and housing)
- Age.
- Gender.
- Race.
- Marital status.
- Number of children (if any)
- Occupation.
- Annual income.
- Education level.
Demographic information examples include: age, race, ethnicity, gender, marital status, income, education, and employment. You can easily and effectively collect these types of information with survey questions.
What is the demographic model? ›Demographic models are an attempt to represent demographic processes in the form of a mathematical function or set of functions relating two or more measur- able demographic variables.
What are the two most important demographic variables for segmentation? ›Income and occupation
If people can't afford your product or service, there is no point in targeting them.
Types of Demographic Information
The common variables gathered in demographic research include age, sex, income level, race, employment, location, homeownership, and level of education. Demographical information makes certain generalizations about groups to identify customers.
The three major components of demography are: (1) mortality, (2) fertility, (3) migration.
How many product managers are there in the world? ›How Many People Work As Product Managers? In an attempt to get an idea of the number of product managers out there, we ran a search on the social network for career and business professionals, LinkedIn. We found that 698,945 individuals listed their profiles as a product manager (August 22, 2020).
Is product manager a high demand job? ›
Product management is in the top 10 on Glassdoor's list of America's 50 best jobs (2022). Technology companies take the lead in product management with a 51%recruitment rate.
Is product manager a high level role? ›Product managers are mid-level roles. While you don't necessarily have to have a direct product management background, you should have professional experience and demonstrable skills in communication, leadership, and strategy. Product managers are responsible for the strategy, roadmap, and features of a product.
Why do product managers quit? ›Lack of opportunity—There aren't too many product managers content to do their existing job forever; they're looking for chances to advance, take on more responsibility, and expand their skill set.
Is a product manager a stressful job? ›With great responsibility, comes great stress. Due to its versatility, the role of a product manager is extremely challenging. Although this career is also very rewarding and fulfilling, it can often be frustrating for many reasons.
What is the highest product manager salary? ›Salary Ranges for Product Managers
The salaries of Product Managers in the US range from $28,000 to $525,000 , with a median salary of $111,000 . The middle 57% of Product Managers makes between $111,000 and $242,000, with the top 86% making $525,000.
What is the starting salary for a Product Manager in India? Average starting Salary for Product Manager in India is around ₹5.2 Lakhs per year (₹43.3k per month).
What is the salary for a product manager career path? ›Average Product Manager Salary:
The average product manager's salary is around $112,000/year. Although, some product management positions pay as low as $80,000/year. This is a significant increase in the salary of most associate product manager roles.
qualified product managers often complete a master's in business administration (MBA) or a master's in business management and leadership, both of which can be completed online. Though lengthy, these master's programs provide necessary education used daily by product managers.
What degree should a product manager have? ›Product managers usually have a degree in technical fields such as engineering and computer sciences, an MBA and a complementary certification within product management. One can also target a product management job through non-tech areas by networking within the firms seeking their expertise.