Product Marketing Manager Salary Trends for 2024: Key Factors and Insights

Last updated by Rishabh Dev Choudhary on Aug 30, 2024 at 07:59 PM | Reading time: 8 minutes

Understanding the product marketing manager salary is important for anyone looking to enter this rapidly evolving field. Today, the product marketing managers (PMMs) bridge the gap between new product development and market success. As a result, this position has increasingly become valuable for companies across industries.

In 2024, there are several factors that affect the salary of product marketing managers. From remote work and technological developments to economic shifts and industry-specific demands, the salary for product marketing managers is set for some interesting developments.

In this article, we present the average salary of a PMM in the US, the various factors affecting it, the current product marketing manager salary trends, and the salary of experienced and fresher PMMs.

Also read: What Does a Product Marketing Manager Do? Key Roles & Responsibilities and Job Description

Average Product Marketing Manager Salary in the US

The position of product marketing manager has become of vital importance for businesses. These professionals essentially collaborate and improve product development and marketing efforts.

They have a deep understanding of the product as well as the target market, and therefore are in a better position to craft compelling marketing messages that resonate with the customers and drive revenue growth for the company. Their efforts and input are invaluable to businesses and help improve their performance.

Given the strategic importance of this role, the steadily growing compensation of PMMs is no hidden fact.

According to Glassdoor, the salary for product marketing managers in the US ranges from $90,000 to $100,000, with an average additional annual cash compensation of $54,757.

The following table shows the average base salary of PMMs in top US-based companies:

Company	Average Yearly Base Salary (in USD)
Google	$262,500
Microsoft	$199,667
Meta	$295,261
NVIDIA	$224,348
Cisco	$224,090
Amazon	$206,351
Dell	$143,215
IBM	$161,678
Salesforce	$210,279

Source: Glassdoor

Factors that Influence Product Marketing Manager Salary

Salary is one of the key components that can help you decide if you want to pursue a career as a product marketing manager in a company. If you think the salary is sufficient as per current market trends, then you will agree to join the company.

But have you ever wondered, what are the factors that affect the product marketing manager salary? Well, we explain just that and help you identify ways to increase your yearly compensation.

Experience level

One of the key factors that influences the product marketing manager salary in the US is experience. According to SalaryCube, PMMs with 2-4 years of experience in the industry earn an average of $124,116 per annum.

However, professionals with more experience, such as those with 5-7 years of experience can get an average annual compensation of $177,188. Professionals with 3-5 years of experience as PMM, can earn in a range of $79,000 to $104,000.

So it is clear, the more experience you have, the higher will be your salary in this domain. There is only one way to get this much experience, you have to start from somewhere.

Ideally, as the market is becoming hyper-competitive, it can be recommended that you start from any PMM role you get. This will help you learn about the domain and also give you the exposure that can get your packages.

Industry

If you are hired as a product marketing manager in a tech company, then your salary will be higher as compared to those working in traditional sectors or startups. The tech sector offers the highest pay package to PMMs with an average salary of $170,691.

On the other hand, if you work in traditional sectors such as pharmaceuticals and biotechnology, then your average salary will be $159,964.

Location

Where you work is another key factor that influences the product marketing manager salary in the US. If you work in a metropolitan area or a developed country, then you will earn more than those working in developing or underdeveloped nations or cities.

In cities such as San Francisco, you can expect to earn up to $186,177 due to the high cost of living in such an area. Further, this high salary is reflective of the hyper-competitive nature of the job market and the presence of several tech giants.

Similarly, other major cities such as New York and Seattle also offer yearly compensation of $140,000 and $174,946 respectively. These cities are also the hub for many different industries and therefore offer plenty of opportunities to the PMMs.

There are several other factors as well that influence the product marketing manager salary, such as:

Academic qualifications
Skills and expertise
Company size

Now, let’s look at the current product marketing manager salary trends.

Also read: The Product Manager Career Path

Current Product Marketing Manager Salary Trends

In recent years, the role of product marketing managers has evolved. Technological advancements, changing consumer behavior, and increasing emphasis on data-driven decision-making are some of the driving forces leading to the growing demand for PMMs.

Let’s look at some key product marketing manager salary trends in the market currently:

Increasing demand for tech talent: With increasing technological adoption across industries, the demand for skilled product marketing managers has skyrocketed. Companies operating in SaaS, fintech, e-commerce, and other such technology-oriented sectors are seeking PMMs to manage their products and drive growth. As a result, an upward trend in the product marketing manager salary has been observed. Salary expectations have increased, especially for candidates with a proven track record of success in product adoption and revenue growth.
Rise of remote work: The increased adoption of remote work has created opportunities for PMMs to negotiate competitive packages as there are several job opportunities available to them. The shortage of talent and increased demand for PMMs has created a unique vacuum in the market, where experienced product marketing managers can demand higher salaries along with the option of remote work.
Data-driven decision-making: As data becomes central to every aspect of business operations, companies seek PMMs who can make data-driven decisions. Since it is a skill with a significant market gap, there are very limited PMMs with this skill set, and they demand higher compensation.
Impact of economic conditions: In recent years, there have been several significant changes in the international economic environment. In 2024, the global economy has recovered from the impact of COVID-19, but economic indicators such as inflation, supply chain disruptions, and geopolitical tensions have not reduced. This has made companies hiring for PMM roles very cautious. Businesses are ready to pay higher salaries to very talented and experienced product marketing managers.

So, these were some of the major current product marketing manager salary trends in the market today. Understanding these can help you form your expectations about the salary that you might earn in this role.

Also read: How to Become a Product Manager? Your Step-By-Step Guide

Ace your Product Marketing Manager Interview Preparation with IK!

The demand for skilled and experienced product marketing managers has increased significantly in recent years. Its interviews are becoming increasingly difficult day by day. It is for this reason you need professional help and guidance as you prepare for the interview.
Interview Kickstart’s Product Marketing Manager Course for Interview Preparation will help you boost your preparations and kickstart your career in this exciting domain. Developed, designed, and taught by FAANG+ instructors, this course will improve your interview preparations and bring you one step closer to fulfilling your dreams.

In this course, you will learn the fundamentals of marketing management, market research & analysis, product positioning and messaging, product lifecycle management, and more. Our instructors will guide you to write an ATS-clearing resume, build a strong online presence, and optimize your LinkedIn profile.

Read the success stories of our past graduates to get inspired and join the IK revolution!

FAQs: Product Marketing Manager Salary Trends

Q1. What Qualifications are Typically Required for a Product Marketing Manager Role?

Product marketing managers usually hold a bachelor's degree in marketing, business administration, or a related field. Many also have an MBA or other advanced degrees, particularly for senior roles. Relevant certifications in marketing or product management can also be beneficial.

Q2. How do the Salaries of Product Marketing Managers Compare to Those of Other Marketing Roles?

Product marketing managers often earn higher salaries compared to other marketing roles due to the strategic nature of their work, which involves both product development and market strategy. Their unique skill set and critical role in driving product success make them highly valuable to companies.

Q3. Is there a Significant Difference in Salaries Between In-House PMMs and Those Working in Agencies?

Generally, in-house PMMs, especially those working in tech companies or large corporations, tend to earn higher salaries compared to those working in marketing agencies. However, agency roles can offer diverse experiences and opportunities to work with multiple clients and industries.

Q4. How can Product Marketing Managers Negotiate for Higher Salaries?

PMMs can negotiate higher salaries by highlighting their achievements in previous roles, such as successful product launches, revenue growth, and market penetration. Demonstrating expertise in data-driven decision-making, experience with advanced marketing tools, and strong leadership skills can also support salary negotiations.

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AUTHOR

Rishabh Dev Choudhary

Product Marketing Manager

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Product Marketing Manager Salary Trends for 2024: Key Factors and Insights

Contents

Rishabh Dev Choudhary

Attend our Free Webinar on How to Nail Your Next Technical Interview

How to Nail your next Technical Interview

Worried About Failing Tech Interviews?

Tools to Enhance Full Stack Development with AI

The Future of Data Science: Emerging Trends and Opportunities

Data-Driven Decision Making: Your Roadmap to Business Success

The Business Impact of Machine Learning: Real-world Case Studies

What is OpenAI? Everything You Need to Know

Mock Interviews for Generative AI: Essential Practice to Land Top AI Roles

Top Python Scripting Interview Questions and Answers You Should Practice

Complex SQL Interview Questions for Interview Preparation

Zoox Software Engineer Interview Questions to Crack Your Tech Interview

Rubrik Interview Questions for Software Engineers

Top Advanced SQL Interview Questions and Answers

Twilio Interview Questions

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