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Product Management Salary Information 2009
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Product Manager Salary SurveyProduct Manager Salary SurveyProduct Manager Salary SurveyProduct Manager Salary Survey
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Product Manager Salary SurveyProduct Manager Salary SurveyProduct Manager Salary SurveyProduct Manager Salary Survey
October 2009
Product Manager Salary Survey 2009
Thank you to the Product Professionals who participated in Thank you to the Product Professionals who participated in Thank you to the Product Professionals who participated in Thank you to the Product Professionals who participated in this survey. this survey. this survey. this survey.
brainmates initiated this survey to better understand the Product Management occupation in Australia and to provide
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Product Management occupation in Australia and to provide a valuable resource for people who want this salary information for their career planning.
Our survey objective is to understand how well Australian Product Managers are rewarded for their efforts.
*A total of 64 participants responded to brainmates Product Management Survey.
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Gender
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The majority of Product Professionals surveyed are male (57.8%)
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Annual Salary
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The median annual salary range for Product Professionals is $101,000 to $120,000, inclusive of superannuation
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Gender and Annual Salary
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No significant salary differences between men and women in the higher salary brackets
Few women surveyed have a salary in the 81K to 100K bracket
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Age Range
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The majority of Product Professionals surveyed are 31 to 35 years old (42.2%)
The least number of Product Professionals are in the age bracket of 20 to 25 years old (3.1%)
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Age and Annual Salary
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Product Professionals aged20 to 25 yrs earn between $60K to $100K
26 to 30 yrs earn between $60K to $120K; 66.7% earn $60K to $80K
31 to 35 yrs earn between $60K to $180K+; 33.3% earn between $101K to $120K
36 to 40 yrs earn between $81K to $180K; 58.3% earn between $121K to $140K
41 to 45 yrs earn between $101K to $180K
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Highest Education Level
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84.4% of Product Professionals surveyed have a Bachelor’s Degree or higher
No survey participants obtained a PhD Degree
No survey participants stated TAFE as their highest qualification
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Education and Annual Salary
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All Product Professionals who earn $180K+ per annum have obtained a Masters degree
The majority of Product Professionals have obtained a Bachelor’s Degree (55.6%)
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Employment Status
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The majority of Product Professionals work full-time (96.9%)
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Product Management Positions
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The majority of Product Professionals hold the position of Product Manager (50.0%) or Senior Product Manager (21.9%)
No Product Planners or Product Development Managers participated in the survey
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Position and Annual Salary
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Salary Ranges:Product Director - $60K to $140K
General Manager, Product - $101K to 180K+
Group Product Manager - $121K to $180K
Senior Product Manager - $81K to $180K+
Product Marketing Manager - $81K to $140K
Product Manager - $60K to $180K
Product Analyst - $81K to $100K
Assistant Product Manager - $60K to $120K
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Experience in Current Role
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The median length of time survey participants have spent in their current Product Management is 1 to 3 years (54.7%)
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Age and Experience
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The median age of Product Professionals is between 31 to 35 years old (42.2%). Professionals in this bracket have from 1 to 15 years of Product Management experience.
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Annual Salary and Experience
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The median salary range is $101,000 to $120,000 per annum
Product Professionals with 1 to 3 yrs of experience earn between $60K to $180K; 54.3% earn $60K to $100K
3 to 6 yrs of experience earn between $60K to 180K; 44.4% earn $101K to $120K
6 to 10 yrs of experience earn between $101K to $180K; 80% earn above $120K
10 to 15 yrs of experience can earn $101K and up; 60% earn above $141K
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Industries
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The majority of Product Professionals surveyed work within the Telecommunications and ICT (38%), Media and Communications (16%), and Digital Media (14%) industries
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Employment Location by State
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The majority of Product Professionals surveyed are employed in the State of New South Wales (76.6%)
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Size of Company
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The majority of Product Professionals work for medium to large companies
39.1% of survey participants work at a company with more than 1000 employees
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Hours Worked Per Week
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84% Product Professionals work overtime - more than 40 hours per week
The median number of hours Product Managers work is 46 to 50 hours per week (33.3%)
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Staff Reports
Number of Direct ReportsNumber of Direct ReportsNumber of Direct ReportsNumber of Direct Reports
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Of the respondents who have staff reporting to them, the majority directly manage 2 to 5 employees (51.8%)
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Bonus Eligibility
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The majority of Product Professionals are eligible for a bonus (64.5%)
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Perks and Benefits
Mobile phone
Laptop
Internet access
Flexible work conditions
Extra vacation time or purchased leave option
Salary packaging
Education compensation
88.2% of survey participants stated they received one or a combination 88.2% of survey participants stated they received one or a combination 88.2% of survey participants stated they received one or a combination 88.2% of survey participants stated they received one or a combination of the benefits listed below:of the benefits listed below:of the benefits listed below:of the benefits listed below:
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Flexible work conditions (hours, location)
Casual work environment
Car
Discount on company products for self and family
Fully paid or subsidised gym membership
On-site cafe access
Bike lockers
Showers
Education compensation
Sport activities during lunch break
Travel
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Product Management People
brainmates was able to conduct this salary survey online through the support of our clients, partners and Product Managers in Australia.
We invite you to participate in discussions about this salary survey in our LinkedIn group, “brainmates – Product Management People”.
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For more Product Management resources visit our website: www.brainmates.com.au
