Seeking to know the common B2B product supervisor’s wage? Effectively, you’re in the appropriate place!
Based on Glassdoor, the common B2B product supervisor wage within the US is $161,935, with the common product supervisor wage vary being between $100,000 and $267,000. In the meantime, knowledge from Comparably reveals that a mean senior product supervisor within the B2B vertical earns $120,000, within the US.
The typical product supervisor’s wage is determined by a number of elements, together with business, location, schooling, and whole years of expertise.
On high of that, in accordance with Comparably, B2B product managers earn probably the most in Salt Lake Metropolis.
On this article, we dive deeper into the common product salaries of B2B PMs.
Let’s get began.
Common B2B Product Supervisor Wage
The B2B product supervisor place is a full-time position that includes growing and managing one or a number of merchandise. For probably the most half, B2B product managers work within the software program, IT, and tech industries.
That mentioned, many different industries which might be using IoT, equivalent to the house providers business, do make use of B2B PMs. Nevertheless, every business has a considerably totally different outtake on the tasks of a B2B product supervisor.
For this reason there’s an enormous discrepancy between B2B product supervisor salaries in several industries. Due to this fact, it’s advisable to filter your business when searching for an actual yearly wage determine.
Based on Wage, the common wage of a B2B product supervisor within the US is $160,175. Moreover, the common B2B product supervisor wage ranges between $142,943 and $177,373.
These wage ranges are the results of entries of nameless product supervisor workers. The worker enters all of the wage knowledge, together with their common extra money compensation, advantages, and common product salaries.
In addition they point out their whole years of expertise, location, business, certifications, schooling, and extra expertise like undertaking administration and problem-solving. This helps divide and filter the outcomes in accordance with every issue.
Due to this fact, you’re higher off together with all of the filters earlier than figuring out the precise B2B product supervisor wage common.
Based on the information, the upper salaries aren’t in world manufacturers however in tech firms. It’s doable additionally to search out startup jobs that pay effectively above the common B2B gross sales and product supervisor wage.
In any case, it’s finest to take a look at a number of sources to get a greater concept and get newer knowledge.
Seeking to develop into a B2B product supervisor? Enroll in our top-rated product administration certifications to do exactly that:
Glassdoor
Glassdoor is a well known wage data web site that gives shopper suggestions, wage estimates, and common whole compensation data.
They course of buyer knowledge to derive common product salaries. Workers add annual wage stories, enter value of dwelling estimates, advantages data, and extra to offer an correct wage estimate.
Glassdoor adjusts the wage data based mostly on each response gathered.
Based on Glassdoor, the nationwide common base wage of a B2B product supervisor within the US is $161,935. In the meantime, the standard wage vary is between $100,000 and $267,000.
What makes Glassdoor higher than its options is that the positioning means that you can add particular filters. This lets you get a exact estimate of your wage. The extra filters you add, the extra exact the estimate. The next listing are among the filters out there:
- Select your particular business (remember the fact that subcategories like residence renovations and residential upkeep could also be in a single class)
- Enter the dimensions of the corporate you’re trying to apply to
- Enter your whole years of expertise within the B2B product administration discipline
Every of the elements above impacts product supervisor salaries. Different elements that play a task are location and technical experience. Glassdoor helps you to select your location and solely supplies wage data from that space.
Moreover, some firms produce other job titles for a similar job. A B2B product supervisor could have an affiliate product supervisor title. That’s why it’s finest to test particular worker critiques for various firms too.
Final however not least, Glassdoor means that you can test your profession trajectory and your earnings based mostly on the place you stand. Due to this fact, it’s doable to test your potential as a product administration director, chief product officer, and even a senior product advertising supervisor, amongst different roles.
Comparably
Comparably is a comparability web site that permits customers to match salaries, employers, and types. Service professionals in each business submit their wage data. Primarily based on that, the platform guesses the frequent product supervisor’s wage.
Based on Comparably, a senior product supervisor within the B2B vertical earns $139,459. The standard wage vary is between $57,250 and $588,469.
The location additionally means that you can filter salaries by the dimensions of the corporate, years of expertise, gender, academic degree, and ethnicity.
If you happen to’re searching for startup jobs, the positioning additionally has filters for ‘Stage of Firm’ and ‘Cash Raised.’
Profession Outlook for a B2B Product Supervisor
B2B product managers have an analogous profession development to B2C product managers. The distinction is available in their focus.
B2B product managers give attention to a selected business, as they should perceive all the pieces there may be to find out about their product’s business. They’re business consultants who require in-depth data of all business tendencies to do their jobs.
In the meantime, B2C product managers have a wider focus as a result of they give attention to the product and have extra expertise with particular person patrons.
In any case, a B2B product supervisor strikes to a lead product supervisor position once they have sufficient foundational data of the sphere and business. After that, they both go for a senior product supervisor place or a principal product supervisor position.
In any case, the next are some wage estimates for senior PM roles to provide you an concept.
1. Lead Product Supervisor
The lead product supervisor is accountable for overseeing a selected product line. They don’t handle different PMs however they’re accountable for oversight. The typical lead product supervisor wage within the US is $190,329.
2. Senior Product Supervisor
The senior product supervisor performs a managerial position, overseeing different product managers. They’re accountable for speaking related data to senior administration and above. The typical senior product supervisor wage within the US is $187,542.
3. Principal Product Supervisor
The principal product supervisor oversees all of the product-related objects however doesn’t have any folks administration tasks. They’re particular person contributors that assist transfer the product roadmap ahead. The typical principal product supervisor wage within the US is $223,371.
4. Director of Product Administration
The product administration director is among the many senior-most roles under the chief of product. They’re accountable for all the product division and product workforce, and so they report back to C-level executives. The typical product administration director wage within the US is $271,421.
Prime Paying Cities for B2B Product Managers
The wage patterns of B2B product managers are just like these of typical product managers. The next are among the top-paying cities for product managers within the US.
US West Coast
Right here is the b2b product supervisor wage vary within the US West Coast:
- San Francisco: $125,660
- San Jose: $116,164
US East Coast
Right here is the b2b product supervisor wage vary in US East Coast:
- New York: $118,310
- Atlanta: $115,533
US Midwest/Rocky Mountains
Right here is the b2b product supervisor wage vary in US Midwest:
- Chicago: $116,266
- Salt Lake Metropolis: $111,250
US South
Right here is the b2b product supervisor wage vary within the US South:
- Dallas: $103,924
- Austin: $113,321
Schooling Stage for B2B Product Administration Roles
A B2B product supervisor must be a professional service skilled who understands the business effectively. Enterprise-to-business interactions with prospects not solely require extreme data of the business but additionally upcoming tendencies.
Most industries have a fast-paced atmosphere that requires steady studying. To take care of a transparent product imaginative and prescient, introduce new merchandise, see demand and assist launch cross-channel advertising campaigns, B2B product managers have to be one step forward.
For this reason most firms require a bachelor’s diploma in a related discipline at the least. Nevertheless, nearly each firm appears for candidates with a give attention to technical necessities of their business.
For instance, somebody with a pc science background is certain to have extra job alternatives, offered they’ve earlier expertise with operations or product administration.
Moreover, it helps to have some product administration certifications. The next are some PM certifications that add to your credibility.
It’s additionally smart to finish some B2B product supervisor programs to remain updated.
B2B Product Supervisor Wage throughout Prime Firms
Each firm adjusts the median wage for a product supervisor based mostly on the contract sort, location, and varied different elements. Nevertheless, the next are some common B2B product supervisor salaries at some well-known companies.
- American Categorical: $182,709
- Nestlé: $171,249
- Google: $160,912
- Boeing: $164,313
- Cisco Methods: $159,082
Remember that there’s a good distinction in wage estimates between multinational firms and small companies.
Closing Remarks
B2B product supervisor salaries aren’t too totally different from B2C product supervisor salaries. The distinction comes when the business requires numerous technical data.
For instance, a B2B product supervisor within the IT business is certain to earn greater than a B2C product supervisor in the identical tech business.
In any case, it’s truthful to match typical product supervisor salaries to get an concept of the B2B product supervisor’s wage.
FAQs
Listed here are solutions to the questions on a b2b product supervisor:
What does a B2B product supervisor do?
A B2B product supervisor oversees the event, advertising, and product life cycle designed for enterprise purchasers. Their tasks embrace market analysis, product roadmap planning, and managing stakeholder relationships. They work carefully with cross-functional groups to make sure the product meets market calls for and buyer wants, whereas additionally aligning with the corporate’s strategic targets.
What’s the highest wage in B2B?
Excessive-level executives equivalent to Chief Product Officers (CPOs) or Vice Presidents of Merchandise can earn salaries within the vary of $200,000 to over $500,000 yearly, usually supplemented by bonuses, inventory choices, and different advantages.
What does B2B imply by wage?
Within the context of salaries, “B2B” (business-to-business) refers to compensation for roles targeted on services and products bought to different companies reasonably than particular person customers. B2B roles usually require particular business data and expertise, and salaries can mirror the complexity and scale of enterprise transactions concerned.
What’s the wage of a high-level product supervisor?
The wage of a high-level product supervisor, equivalent to a Senior Product Supervisor or Director of Product, ranges from $130,000 to $250,000 yearly, relying on elements like the dimensions of the corporate, location, and business. Along with base wage, they could obtain bonuses, inventory choices, and different advantages, which might considerably improve their whole compensation.
What’s the B2B product supervisor wage in European nations?
The wage of a B2B product supervisor in European nations varies considerably relying on the situation and business. For example, in Switzerland, the common annual wage is round CHF 177,000 (roughly €169,400). In Germany, the common wage is about €70,394, whereas in France it’s round €66,900. Different nations like Austria and Italy supply common salaries of €63,900 and €42,392, respectively.
If you’re new to product administration and wish to break into your very first product supervisor position, we suggest taking our Product Administration Certification Programs, the place you’ll be taught the basics of product administration, launch your product, and get on the quick observe towards touchdown your first senior product supervisor job.
