How Much Do Product Solutions Managers Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary product solutions managers make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for product solutions managers and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of product solutions managers are offering as compensation.
Keep reading to learn more about how much product solutions managers can expect to make in the United States.
At a Glance: Salary & Jobs for Product Solutions Managers
According to data from 2022, there were about 553,395 positions for product solutions managers in the United States. In terms of salary, the national median salary for product solutions managers was reported to be $164,070. Additionally, when examining job demand, employers across the country posted 29,331 job postings related to positions for product solutions managers.
How Much Money Do Product Solutions Managers Make?
Median salary is just one data point. To build a better understanding of how much money product solutions managers and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for product solutions managers.
Annual Salary for Product Solutions Managers
According to the BLS, the lowest earners for product solutions managers and related professions earned about $97,427 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $271,030 annually.
As mentioned previously, the median salary for product solutions managers in the United States in 2022 was $164,070.
Annual Salary Range For Product Solutions Managers In 2022
Hourly Salary for Product Solutions Managers
The BLS also breaks down compensation for product solutions managers by hourly salary, and the median average hourly pay for product solutions managers in 2022 was $79. Lowest hourly earners took home $47 while the highest reported hourly salaries for product solutions managers was $130.
Hourly Salary Range For Product Solutions Managers In 2022
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Advertised Compensation for Product Solutions Managers
Data from the BLS is one way to dig into compensation for product solutions managers, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for product solutions managers.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Product Solutions Managers
Advertised Annual Salary
During a review of 51,491 job postings related to product solutions managers, advertised salary was included in 10,192 of them, which was 20%. Based on those postings, the median advertised salary for product solutions managers was $158,464 per year.
Hourly Salary from Job Postings for Product Solutions Managers
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for product solutions managers. Based on 35% of postings with advertised compensation, the median hourly salary for open positions for product solutions managers in the United States is about $76.
Salary Trend for Product Solutions Managers
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for product solutions managers. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for product solutions managers dating back to September 2019, advertised salaries for product solutions managers have increased 23%.
Advertised Wage Trend For Product Solutions Managers
What's the Job Growth for Product Solutions Managers?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for product solutions managers over the next 10 years.
According to the data obtained through Lightcast,™ there were 552,548 jobs for product solutions managers in the United States in 2022. By 2032, it is expected that about 121,012 jobs will be added. That's a 21.9% increase over the next 10-year period.
Employment Projections For Product Solutions Managers
Additional Links
Ready to dig deeper into career information about product solutions managers? Visit our other pages focused on salary and education for product solutions managers.
What do product solutions managers do?
Product Solutions Managers: How do you become one?
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