Starting Salary
⌀ 58.464 €
Starting salary as Product Manager
The starting salary as a Product Manager is on average 58.464 € gross per year. This corresponds to a monthly salary of 4.872 € gross.
Your chances of a higher salary increase with your work experience, as you can often take on more responsibility.
As a Product Manager with several years of work experience, your average salary is 63.525 € gross per year.
With
Experience
⌀ 63.525 €
Similar Interesting Professions
As a Product Manager, you have numerous specialization opportunities and related professions, such as
Product Management , Program Manager , Project Manager ,for which you could also be qualified with your knowledge.
| Ø Gehalt | Jobs | |
|---|---|---|
| Product Management | 63,835€ | Current jobs |
| Program Manager | 65,894€ | Current jobs |
| Project Manager | 57,750€ | Current jobs |
| Process manager | 61,686€ | Current jobs |
| Production Manager | 62,762€ | Current jobs |
| Product developer | 56,686€ | Current jobs |
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Salary as Product Manager
Degree vs. Apprenticeship
Whether you pursue a degree or an apprenticeship not only determines the positions you may qualify for in a company but also significantly impacts your salary. Typically, with an academic degree, your starting salary is higher than with a vocational training. However, your salary is not set in stone - through work experience and additional qualifications, you always have the opportunity to advance and increase your salary further.
The type of degree you obtain can also affect your salary. The average salary for master's graduates is higher than for bachelor's graduates, and with a master's degree, you have better chances of quickly attaining a position with personnel responsibility. However, salary alone should never be your sole decision criterion: choose the qualification that best fits your interests and carefully consider whether you prefer to earn money sooner or continue studying a bit longer.
With a completed apprenticeship, you can expect an average annual salary of 52.500€ as a Product Manager. If you have an academic degree as a Product Manager, your average salary is 59.310€.
Academic degree
ø 59.310 €
Study vs. Training
Non-Academic degree (Apprenticeship, Vocational Education, Technician, ...)
ø 52.500 €
Skills as Product Manager
In addition to soft skills such as communication, flexibility, and teamwork, employers expect a variety of relevant hard skills and abilities for the profession as Product Manager. The most important skills include: Process management , Program Management , Product Management , PMP , Partner Management , Project Management , Production management , PDM , Product marketing , Product portfolio management .
Salary as Product Manager
by City
Where do you earn the most as a Product Manager? Currently, you earn the most as a Product Manager in Ludwigsburg with an average salary of 68.870€ per year.
In general, the salary as a Product Manager is usually higher in large cities than in small towns. Large cities and metropolises often offer higher salaries, although the cost of living is also higher.
In which city you can earn particularly high salaries as a Product Manager, you will find out in this table:
What factors influence your salary as Product Manager?
There are several career factors that influence your salary as a Product Manager. Average salary tends to increase with the size of the company you work for. In large corporations, salaries are often higher compared to start-ups and small companies. However, in smaller companies, you may have the opportunity to advance more quickly on the career ladder.
One of the key factors affecting your salary as a Product Manager is your work experience. With each year on the job, you gain valuable knowledge and experience that become increasingly better compensated over time. In just a few years, you transition from a beginner to a young professional. After more than 10 years of experience, you can then be considered a professional. With increasing experience, you also have the opportunity to move into positions with personnel responsibility. A position with personnel responsibility is generally paid significantly better, and there are further factors influencing your salary here as well. For example, a department head with personnel responsibility for over 20 employees earns more than a group leader responsible for 5 employees.
Your educational qualification, the city, and the federal state where you work are also factors that influence your salary.
Product Manager - Latest salary data 2024
How up-to-date is the Product Manager salary data?
At jobvector, we attach great importance to always providing you with up-to-date and accurate salary information. Income as an Product Manager has changed significantly over the last few years due to factors such as rising wage levels, inflation, new legal regulations, bonus payments and tax adjustments. It is therefore particularly important to us to present up-to-date data that gives you as an applicant a good and realistic basis for the next salary negotiation.
The salary information on jobvector is consistently kept up to date and is never more than three years old. This timeliness guarantees you a precise and clearly structured overview of salary structures as an Product Manager, and effectively supports you in preparing for your salary negotiations.
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