The average salary for a product manager will continue to rise in the coming years, reaching an average of $173,000 by 2022. So, what does this mean for the average person working as a product manager today? It indicates that demand for product managers is on the rise. This data is good news for those looking to enter the field as freshers. This source denotes that the median salary for a product manager in the United States is $105,000.Īs of January 2022, this figure will likely rise to $118 000 by 2023. They found that the average salary for a product manager will increase by 4% in 2022. Moreover, the average salary of a Product Manager is roughly around $120,540 per year across the states. The job market for product managers will grow by 7% from 2019 to 2029. Let’s take you through the mind-blowing statistics. They can navigate the ever-changing landscape of the internet and mobile applications. The digital economy has grown over the years, and it is increasing the demand for product managers. The continued growth of the tech industry drives this demand.Īdditionally, the need for experienced professionals to manage product development and launch also contributes. The percentage growth in demand for product managers will grow by 7% from 2021 to 2022. They oversee the development and launch of new products, which shape strategy and drive growth.
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