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Lenny's Newsletter

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How much product managers make in the U.S., Europe, and Canada

  • Exclusive salary benchmarks for product managers in the U.S., Europe, and Canada are provided in the article.
  • Data from over 23,000 product managers globally is analyzed for compensation insights.
  • In the U.S., the median starting base salary for a PM at a public company is $112,000, while at a private company it is $96,000.
  • Senior IC PMs can earn up to $1,000,000 in total compensation, with CPOs hitting $1,425,000.
  • Moving from a Tier 3 U.S. city to a Tier 1 city can increase salary by 20%.
  • Salary disparities between public and private companies exist, with base salaries being lower at private companies.
  • In the U.K., PMs earn 65% of what a U.S. PM earns, while the average European PM makes less than 50% of a U.S. PM's salary.
  • Key takeaways include salary differences based on company type, location, and level within the organization.
  • Levels of seniority are mapped to titles such as Entry, Mid, Senior, Manager, Director, VPE, and CPO.
  • The article delves into base salary, equity, and total compensation comparisons, offering valuable insights for PM professionals.

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