Product management is a financially rewardable role. Experienced product managers are generally paid handsomely, which is expected given the benefit that they bring to companies.
A product manager’s salary will generally vary based on 3 factors:
Glassdoor is a tool that job professionals rely on for finding jobs, company reviews, preparing for interviews, and career salaries.
Glassdoor reports that the average annual base salary for a product manager in the United States is $100,570. With the lowest salary reported at $72,000 and the highest being $171,000.
The more experienced a product manager is and the higher up the career ladder they climb the more that they make in annual compensation
A Senior Product Manager earns an average of $142,233 annually while a Chief Product Officer earns an average of $193,005 annually, with $306,00 being the highest reported.
Product management is a financially rewarding career path.
There is no standard template for a product management resume.
Take a quick glance online at product manager resumes and you will notice that there are various formats and lengths. However there are some key things to keep in mind when crafting a resume for a product role.
Think of your past experiences and see how the roles and responsibilities that you held relates to the roles and responsibilities that product managers perform on a daily basis.
When have you managed stakeholders? When have you taken various requests and prioritized them with a framework? When have you worked with a team to build a product from beginning to end?
The supporting points under each job title from your work experience should reflect the strategy, delivery, and stakeholder management responsibilities of product managers.
Product managers utilize data to make decisions and determine if they are on the right track.
Product managers know when a product is a success or a failure based on their KPIs. Product managers are also graded based on whether they reached their KPIs or not.
It goes without saying that data is vital for product managers.
When discussing your experience on your resume ensure that it is quantitative.
Discuss the work that you performed and the metrics that changed as a result.
It is a lot more powerful to state on a resume that you launched an enhancement for a product which resulted in maintaining 95% customer retention and led to an increase in sales for the quarter by 40%, than to simply state that you launched a product with a multidisciplinary team.
The resume needs to communicate numbers: dollars, percentages, ratios, and more. Data is important.
Feedback is vital because feedback leads to improvement.
Prior to submitting your resume for a job application share it with a mentor or a skilled product manager in your network for feedback.
They can provide beneficial feedback on areas that should be highlighted, condensed, or omitted in your resume.
Also ensure that your resume reflects the specific role that you are applying for. It may not be wise to use the exact same resume for every single role that you apply to.