So, you might have better results with your equity, signing bonuses, and other benefits, rather than salary. Big tech companies like Facebook, Google, and Amazon are known for offering high salaries and good perks. It also includes equity, bonuses, and other benefits (like PTO). When you are preparing to negotiate, remember that compensation is more than just salary. This is our recommendation because email allows you to remain calm, think about your responses, and even ask friends or mentors for help with your negotiation. Be polite, say thanks, and move the conversation to email. Still, you should not share anything with the recruiter, even when you get your offer over the phone. Now that you have these numbers in mind, you can get a better sense of what to expect. This might be a more well-rounded salary average because it includes startups. On AngelList, the average salary for a product manager is $105k. Associate product managers, which is a position that requires a less extensive background, has an average salary of $85k.
According to Glassdoor, average compensation for product managers is $108k. In the meantime, do that research to get a sense of the averages. On the application, you can say, “Negotiable, within reason.” A good response to the recruiter would be: “I would like to do more research on the industry standards before giving a number”. A lot of companies ask a question about expected salary in this stage, but this is the first “gotcha” moment. Sometimes this is a written application and other times a phone screen with the recruiter. Negotiation actually starts from the first interaction you have with the company. We know that negotiation can be tricky, so we wanted to lay out tips to help you be successful. In fact, we have worked with thousands of job-seekers to land great jobs with salaries that are more than $12k above industry standards. This is usually a mix of technical and behavioral interviews and could potentially take all day.Īfter that entire process is over, the lucky few receive an offer, which is cause to celebrate! But rather than saying yes to the first offer given, we strongly recommend negotiating. Once they company understands that the candidate’s technical skills are on par, they are brought in for an onsite. If the candidate passes these first 2 steps, they are usually given a technical challenge or a technical product manager interview. It starts with the written application and then moves to a behavioral phone screen with a recruiter.
Most of the time, the application funnel looks very similar for all product manager positions.
#Product manager average salary how to#
Check out this article to learn how to increase your product manager salary. I help people land their dream job through workshops and 1-on-1 mentoring. Now I work as an industry mentor for the product, strategy, and operations track at Pathrise. Hi, I’m Sam! I have been a product manager for years.
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