12/13/2023 0 Comments Senior product manager salaries![]() ![]() And I’m sorry, PMs, but we’re here to tell you: A 20% rise this year is in direct conflict with current market conditions. Most PMs we surveyed are currently seeking a salary increase of at least 20%, whether through a promotion with their current employer or through a more lucrative offer elsewhere. We surveyed 7,000 Product Managers at organizations of all sizes for our upcoming 2023 Future of Product Management Report. But how far up do they go? Product Managers are in demand. Basic economics confirms that when demand exceeds supply, prices go up. This is rosy news for those seeking their first Product Manager job. Product Managers own the customer experience, they own the Product, and so their role is even more critical in today’s economy. But that’s not all: Software has eaten the world, and virtually all companies are now, to some extent, user experience companies. Good products can adapt to changing circumstances and stay relevant When discretionary spending is scarce, people seek out value ![]() When times are tough, people are more selective As our CEO put it, the best Products win. As the economy wobbles, one thing remains constant: Product matters. At the time of writing in January 2023, almost 360,000 Product Manager roles are currently open on LinkedIn. ![]()
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