The base salary for Product/Brand Management Manager ranges from $96,266 to $128,358 with the average base salary of $110,982. The objective of product management is to maximize sales, revenue, market share and profit margins. The product manager will also define what the product team delivers and when, creating a project timeline and schedule for implementation. Brand activation means different things to different companies, but its goal is, most simply, to introduce consumers to a new brand (or to a new release from a well-known brand) in a memorable way that associates the specific products with a po… Cut & Paste Example, Know customer needs through research and market data, Develop product lines and appraise new ideas for market viability, Create product marketing communications objectives, Work with the sales director to create product sales strategies, Work with customers and sales to evaluate sales call results, Create long- and short-term product sales forecasts and analysis for management, Review inventory levels and production schedules for product availability, Bring new products to market with return-on-investment analysis, Market new products with sales, advertising and production teams, Determine product pricing based on market research, production costs and anticipated demand, Schedule and assign operational requirements to follow up on work results, Manage the product team, including coaching and disciplinary actions, planning, monitoring and job appraisal. Filter by location to see Brand Manager salaries in your area. Product management and product development, Requirements analysis including pricing and planning. Filter by location to see Brand Manager salaries in your area. Employer name has been removed to protect anonymity. Stefan Balcanu, Brand Manager at L’Oreal . The product manager will often work with the project manager, as well as the customer and sales team. The vice president of product management is a position in big companies, which are more established and have a management hierarchy. Product managers are responsible for many things. They tend to work on overall strategic initiatives that are aligned with a companyâs goals and objectives. Product Manager average salary is $113,779, median salary is $111,176 with a salary range from $35,000 to $315,000. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $103,204 to $142,411 with the average total cash compensation of … How to Answer: What Are Your Strengths and Weaknesses? The product success is driven by the product manager (the product marketing department may assist for sure) that will first drive the development of the product’s strategy. He/she gathers market research and customer feedback and then arrives at a strategic plan for the product. Though often confused with a project manager, the responsibilities they have and the roles they play are different. This includes reporting on the impact an elimination decision will have on the whole business. Ideally, the product manager communicates the voice of … The average Product Manager salary in the United States is $123,497 as of November 25, 2020. Product development is a long, involved process. Depending on the company, industry, and years of experience, brand managers typically earn between $60,000 and $80,000 a year. In terms of compensation, the base salary for a product management position will range greatly depending on position, region and industry. Anticipate consumer trends and keep brand up to date . The most important part of being a brand activation manager is dreaming up the best brand activation campaigns to promote new products or boost your brand’s image in a more general sense. The discipline of product management can focus on both product development and product marketing, which are different but complementary. “What is the difference between a product manager and a …?” You can fill in the rest of that question with more than a half dozen job titles — engineering manager, scrum master, project manager, business analyst, and more. Thatâs why we offer multiple project views. Product Manager Salary. The typical tenure for a Product Manager is 1-3 years. Continue professional and technical education, attending workshops, seminars, etc. Try ProjectManager.com and get award-winning PM tools that can help you manage products from start to finish. 8 Questions You Should Absolutely Ask An Interviewer, Procter & Gamble Brand Manager salaries - 123 salaries reported, Kraft Heinz Company Brand Manager salaries - 57 salaries reported, The Richards Group Brand Manager salaries - 52 salaries reported, Ralph Lauren Brand Manager salaries - 46 salaries reported, RB Brand Manager salaries - 35 salaries reported, The Clorox Company Brand Manager salaries - 28 salaries reported, Starbucks Brand Manager salaries - 27 salaries reported, Kimberly-Clark Brand Manager salaries - 26 salaries reported, Unilever Brand Manager salaries - 26 salaries reported, CDW Brand Manager salaries - 24 salaries reported, Colgate-Palmolive Brand Manager salaries - 22 salaries reported, Nestlé Purina U.S. Monster has an example job description for product managers. It is this person who is responsible for making the product a success. The average Private Label Manager salary in the United States is $110,259 as of November 25, 2020, but the range typically falls between $99,264 and $127,244. The associate is an entry-level rank, who reports to the product manager or group product manager. Common themes across the three archetypes. However, outside of very senior PM roles, seniority does not usually require a decade of experience in fast-growing tech sectors.Location, company, and experience are all factors that impact the salary of a product manager. That means making a release plan, which will feature actionable feedback and ideas, as well as prioritizing the product features. Learn about salaries, benefits, salary satisfaction and where you could earn the most. Product Manager salaries are collected from government agencies and companies. Job Description vs Reality of a Brand Manager’s Life . Often those who land in this position will find themselves being mentored to learn from experience and will be guided as they start their career in product management. We’ve all seen this. The average salary for a Product Manager is $104,308 per year in United States. In the U.S., average pay is $114,000 a year, but can increase to over $1 million for a CPO or similar executive position. Brand Manager salaries - 20 salaries reported, 72andSunny Brand Manager salaries - 18 salaries reported, Conagra Brands Brand Manager salaries - 17 salaries reported, Johnson & Johnson Brand Manager salaries - 16 salaries reported, Kellogg Company Brand Manager salaries - 16 salaries reported, Abbott Brand Manager salaries - 16 salaries reported, Townsquare Media Brand Manager salaries - 15 salaries reported, Mars Brand Manager salaries - 15 salaries reported, PepsiCo Brand Manager salaries - 14 salaries reported, Senior Software Engineer salaries ($110k). So, the product manager comes up with a product vision and follows that up with a strategy. They then combine those findings with general requirements, specifications, timetables, pricing and plans to complete development and marketing strategies. The national average salary for a Brand Manager is $89,823 in United States. Depending on your level of experience, there is likely a fit somewhere in the profession, if you look for it. Product development is a long, involved process. That is, new products that are better and differentiated to create benefits and value for the customer. Product management is no different. Product Manager vs Project Manager - What's the Difference? But few careers can match the pay at each stage. They have a product life cycle that helps manage the delivery of the product, for which the product manager is responsible. They also are in charge of determining what the defining feature of the product will be. The idea being, again, to create benefits and value for a customer. See how it can help your product management by taking this free 30-day trial. While it might seem to be a trivial, semantic issue it … The success of any product or service of the company’s prolific venture or services lay in the hand of a product manager. She’ll gather market research, customer feedback and stakeholder input — and arrive at a strategic plan for the product. Drift has a great infographic on the differences between a product manager and a product marketing manager, which we've displayed below. To understand these two roles, we first need to understand what it is they’re actually managing. Salary estimates are based on 14 salaries submitted anonymously to Glassdoor by Brand Marketing Manager employees. It is a senior management role, one that requires experience. Brand Manager Salary. Basically, the product manager is an organizational role. The focus of product management is to drive new product development. You can collect all your tasks on cards, set their priority, add descriptions, and even attach files and images. The next step up is the group product manager, who leads the product team and is usually responsible for a specific group of products. The product’s inception will be driven by the product manager (with the help of product marketing), who will first drive the development of the product’s strategy. Product Manager vs project manager: the Brainmates perspective. See how your offer stacks up to other pay packages and negotiate confidently. For one, they lead the team to deliver an end product. There is a demand for the seasoned product manager, but also entry points for those with less experience and skills working in the discipline. ProjectManager.com is a cloud-based software that has real-time dashboards and online Gantt charts to monitor, report and schedule, respectively. Product Manager salary statistics is not exclusive and is for reference only. An intense focus on the customer is prominent among all product managers. When planning a sprint, trying to manage your product backlog can be troublesome, put proper workflow organization with our Kanban boards can make it easier. Hereâs Exactly What to Write to Get Top Dollar, How To Follow Up After an Interview (With Templates! Product managers are often required to do the following: The product manager is also expected to have knowledge in the following areas: In terms of compensation, the base salary for a product management position will range greatly depending on position, region and industry. That’s exactly what happens in a brand manager’s job. A product manager is a more managerial position, as stated above. Then, customize the Kanban columns to reflect your sprint, and give your teams ownership of the processâwhile getting transparency to see where they are and keep them moving forward productively. Glassdoor will not work properly unless browser cookie support is enabled. Create more job alerts for related jobs with one click: 9 Attention-Grabbing Cover Letter Examples, 10 of the Best Companies for Working From Home, The Top 20 Jobs With the Highest Satisfaction, 12 Companies That Will Pay You to Travel the World, 7 Types of Companies You Should Never Work For, How to Become the Candidate Recruiters Canât Resist, 11 Words and Phrases to Use in Salary Negotiations, 10 High-Paying Jobs With Tons of Open Positions, Negotiating Over Email? According to Indeed, the average salary for a brand manager in the United States is about $75,258. Below are the most recent brand manager salary reports. Product managers have a lot of responsibilities and work with huge volumes of data, which is why they need a management tool that can help them collect, assess and report on those findings. It refers to how an organization is perceived—an inevitably abstract metric. As we’ve already explored, a product is a good or service offered to customers for benefits. Related: 7 Must-Haves for Every Product Manager Resume. Beyond the responsibilities laid out above, the product manager can also lead the marketing for the product, which involves forecasting and profit analysis. Product management varies in its function and role depending on the size of the company, and often the role of product manager is shared among more than one employee. Higher still is the director of product management. Of course, we have the workhorse of any project, Gantt charts. Whether you’re interested in either hiring a product manager or becoming a product manager, it’s important to take some time to understand the role and what the field of product management is all about. The product roadmap is a key tool for this purpose and keeps people aware of updates throughout the product life cycle. The job described in an interview is usually miles away from reality. An entry-level Brand Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) … Therefore, a product manager must have communication skills to listen and articulate to a wide spectrum of individuals in different disciplines. There is also something called “elimination decisions” that’s involved in product management, which identifies what must be eliminated from a process. They work with nearly everyone, including engineering, sales, marketing and support teams. Before going into detail about the product manager, the field of product management needs defining. Our real-time dashboard provides a high-level view of your projects, collecting data as it is filed in status reportsâthen automatically calculating workload, time, costs and more in easy-to-read charts and graphs. They report to the C-level executive and lead a large team of product managers. ), 7 of the Best Situational Interview Questions. No matter how your level of proficiency, the key to a strong performance is the right tool. The customer’s reaction is the main indicator of product profitability and success in product management. This position reports to the VP of product and is part of a larger organization. Filter by location to see Brand Marketing Manager salaries in your area. If you’re thinking about Product Management as a career, you may be wondering how much entry level Product Managers can get paid.. Again, using the Salary Project’s data and filtering just for Associate Product Managers (which you can do on the Salary Project easily), we see that the base salary is about $125,000, with total compensation being $163,000. Those who see marketing as a leadership function traditionally call themselves brand managers vs marketers although their functional specialism is marketing, their role is much more. Itâs a valuable tool for product managers. The community relies on everyone sharing â .css-1c7uf6v{background:none;border:none;font-size:15px;color:#1861bf;}Add Anonymous Salary. Associate Product Manager compensation. This involves market research, project planning, cross-functional team leadership and more. Salary ranges can vary widely depending on many important factors, including education , certifications, additional skills, the number of years you have spent in your profession. Salary estimates are based on 3,013 salaries submitted anonymously to Indeed by Product Manager employees, users, and collected from past and present job advertisements on Indeed in the past 36 months. Learn how to enable cookies. Get a Free 30-Day Trial of Our PM Software, 7 Must-Haves for Every Product Manager Resume, Project Manager Job Description (with free copy+paste examples!). They can also report directly to the CEO or business leader, depending on the size of the organization. The national average salary for a Brand Marketing Manager is $65,834 in United States. This enables greater leverage, with one product manager to eight to 12 engineers, versus the ratio of one product manager to four or five engineers that has been common in the past. Agile is a whole philosophy, a mindset, and it eases the process of product management as well. “A brand manager must possess skills of analysis and creativity to implement their ideas and achieve their goals. He conceptualizes the product to make it suitable for the right audience and at the right time, this means he sees that product has all the features that make it conducive for the people th… Within an organization, there is a way to deal with the planning, forecasting, marketing and production of a product, which is known as product management. But before that, let’s speak about the famous PM vs. PO dilemma. Salary estimates are based on 6,745 salaries submitted anonymously to Glassdoor by Brand Manager employees. See why hundreds of thousands of projects and tens of thousands of project teams use our tools to get organized and stay productive. The title of product manager is unique. Program Manager Job Description â Plus! The responsibilities of a product manager include developing products through market research. The leadership of a product manager is cross-functional. – Brand Manager Career and Salary Profile, Florida Tech Online; Twitter: @FLTechOnline. They work with cross-functional teams, analyze markets and bridge the gaps in organization between different groups. Besides the kanban board, there are dynamic task lists and a calendar that does more than just save important dates. Self-directed product teams need autonomy, but the product manager also has needs, particularly in regards to tracking of their progress while avoiding getting in their way. ProjectManager.com is an award-winning software that organizes your work to boost efficiency. No matter what industry you are in, seniority is the main driver of salary ranges. Copyright © 2008–2020, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Not enough reports to show salary distribution. This is called a product roadmap. Then there is the chief product office, who reports to the CEO and is responsible for all product-related activities in an organization. Marketing positions descriptions are also sometimes vague. The national average salary for a Brand Manager is $89,823 in United States. Your team might prefer an agile framework, but the product manager or management may want a more traditional structure to monitor the project. Ours are online, easy to edit, link dependencies, set milestones and more. Each salary is associated with a real job position. That means they are the ones who come up with the strategy to do so. In the U.S., average pay is $114,000 a year, but can increase to over $1 million for a CPO or similar executive position. 14. Workable has an example job description for product marketing managers. The range for our most popular Product Manager positions (listed below) typically falls between $60,737 and $186,258. As the cycle is executed, product information is gathered for the company and its extended supply chain enterprise. Behind every successful product is the hand of a product manager while to sustain the success of a product is the role of a Brand Manager. There are various positions in product management. Product management is a growing field. Product managers win by a) addressing important unmet needs, or b) addressing met needs better than all their competitors, to the point that they drive customers to switch products. A brand is the “what” and “why” of an organization. Once you hire or are hired as a product manager, you need to prove yourself in the job. Brand managers are often called upon to correlate their marketing strategies with product sales performance. Brand managers must be able analysts of their target consumers; in order to develop and reinforce relationships with these customers, a brand manager must understand their needs and desires, and create successful strategies to satisfy those needs with their company’s product. The average salary for a Product Manager is £50,660 per year in the United Kingdom. All this seamlessly integrated with a suite of project management features, such as one-click reports, resource management tools, timesheets and much more. It can be a tangible or virtual item (a good), or a package of activities (a service).A brand, on the other hand, is a much more abstract concept. Salary estimates are based on 6,745 salaries submitted anonymously to Glassdoor by Brand Manager employees. Within this product management life cycle, there are methods to integrate people, data, processes and business systems. Job Title Education Requirements Median Salary (2020)* Job Growth (2018-2028)** Brand Manager: Bachelor's degree : $71,064 : 8% (for all advertising, promotions, and marketing managers) The first challenge in differentiating the role of Project Manager or a Product Manager is that (as well as having the same initials) they sound a lot alike. Brand managers are responsible for strategizing on how to increase brand awareness, among other responsibilities. 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