With so much data being constantly created, it’s no wonder why data product management is a booming career field.
The World Economic Forum estimates that in 2025, there will be 463 exabytes of data—that’s 463 billion gigabytes—created each and every day.
With that in mind, organizations need data product managers to oversee all of this information. And with this growing demand, data product manager salaries are also seeing growth.
Data Product Manager Salaries: What You Can Expect
According to Glassdoor, the average data product manager annual salary is $111,637 in the United States. This can go as high as approximately $200,000.
With a 62% salary satisfaction rate in the United States, most data product managers think their salaries are sufficient for covering the cost of living in their area. Here are the highest paying states in United States for data product managers:
- New York – $151,250
- North Carolina – $138,725
- California – $130,000
- Colorado – $128,850
- Washington – $127,608
According to Talent.com, entry level positions start at $91,000 per year while most experienced workers make up to $165,000 per year.
Tips to Negotiate the Best Data Product Manager Salary
Now that you know just how lucrative a career in data product management can be, your next step is negotiating the best possible salary.
Here are some tips that can help you uplevel your salary negotiations:
1. Use Data to Back Up Your Negotiation
Product managers heavily rely on data to back up their daily work. So it makes sense as an aspiring data product manager to back up your salary negotiations with strong data resources — some of these like Glassdoor and Talent.com have been mentioned above in this article.
Account for factors affecting salary — experience level, location, company size, funding level etc. — and negotiate your salary based on these details. For example, if you are a product manager with X years of experience living in city Y, you can expect to make the market rate at a minimum.
2. Revisit Your Past Experience, Certifications and Projects
While it’s highly likely that you already discussed your experience during the interview process, salary negotiations are a great place to bring it up again. Talk about your past accomplishments and share information about successful projects. Be sure to mention how and why your projects were successful.
Sure, there will be other qualified candidates applying for the same jobs. But, keep in mind that you’ll have a globally accepted Data Product Manager Nanodegree certificate after having completed projects like:
- Developing a data-backed product proposal
- Building a scalable data strategy
- Creating an iterative design path
3. Boost Your Soft Skills
Like any other product manager, data product managers also need soft skills. Showcase yours with specific examples and show how you will add more value to the role and the organization.
Land That Data Product Manager Job Now!
If leveraging data to build products that deliver the right experiences, to the right users, at the right time interests you and leading the development of data-driven products that position businesses to win in their market seems like your thing, then data product management is for you.
Check out our Data Product Manager Nanodegree program and get skilled in this field today.