Data Product Managers (DPMs) have emerged as one of the most sought-after roles in the tech industry, often touted as the new “sexiest job,” overtaking data scientists. This shift reflects the growing importance of data-driven products in today’s marketplace, and the demand for professionals who can bridge the gap between technical expertise, business acumen, and product management. Given the unique skill set required, DPMs are well compensated for their contributions.
As of June 2024, the average salary for a Data Product Manager in the United States stands at $156,482 per year, translating to approximately $75.23 per hour. Entry-level positions start at around $130,328 annually, while seasoned professionals can command salaries of up to $197,979. According to ZipRecruiter, the average salary for a DPM as of August 2024 is slightly higher at $159,405 per year, with salaries ranging from $141,000 at the 25th percentile to $197,000 at the 90th percentile.
Glassdoor offers a slightly different perspective, estimating the total annual compensation for a Data Product Manager at $196,380. This figure includes an average base salary of $124,469, with an additional $71,910 in potential earnings from bonuses, commissions, tips, and profit sharing. This blend of base and additional pay underscores the high value companies place on DPMs, reflecting the diverse roles they play within an organization.
A Closer Look at the Numbers
According to Glassdoor, the estimated total pay for a Data Product Manager is $196,396 per year, with an average base salary of $124,508. These figures represent the median, or midpoint, of the salary ranges, calculated using Glassdoor’s proprietary Total Pay Estimate model and data collected from users. The additional pay, estimated at $71,888 per year, can come from various sources, including cash bonuses, commissions, tips, and profit sharing.
The total pay for DPMs can range from $155,000 to $254,000 annually, with base pay ranging from $101,000 to $154,000, and additional pay from $54,000 to $101,000. This range highlights the significant earning potential for those in this role, especially in companies that heavily rely on digital products.
Industry Variations
Interestingly, digital and creative companies like Apple and Adobe tend to value Data Product Managers more highly than traditional firms like JP Morgan Chase. This difference is reflected in a pay gap of approximately $100,000 per year between these types of companies. It’s not surprising that digital-first companies, which generate significant revenue from data-driven products, place a higher premium on the skills and expertise that DPMs bring to the table.
All in all, Data Product Managers are not only in demand but are also among the best-compensated professionals in the tech industry. Their unique combination of technical knowledge, business savvy, and product management expertise makes them indispensable to organizations looking to thrive in a data-driven world.