![]() ![]() You might increase your chances of getting an entry-level product manager job by getting a master's in business, marketing or engineering and completing an internship while in college. Companies will need marketing and product managers in the next decade to help them maintain their market shares in a competitive marketplace. ![]() It predicts a 14-percent increase in employment for marketing managers, who perform similar functions, through 2020, on par with the 14-percent national average for all occupations. The BLS doesn't forecast jobs for product managers. You'd also likely earn more working for a larger company, which would have more financial resources to pay a higher salary than a smaller company. In Boston, you'd have to make $76,394 to enjoy the same living standard as in Portland, or approximately 30 percent more. For example, if you earned $60,000 as an entry-level product manager in Portland, Maine, you'd need to make $78,178 in Washington, D.C., to maintain your living standard, according to CNN Money's cost of living calculator. In the Northeast, you'd make the most in Massachusetts or the least in Maine - $75,000 or 56,000, respectively.Įntry-level product managers earned more in Washington, D.C., and Massachusetts, because it typically costs more to live in that district or state. Manage new product development programs schedules. Manage new product development programs and lead cross-functional team to deliver quality products. If you worked as an entry-level product manager in the West, you'd earn an average of $50,000 in Montana or $70,000 in Alaska or California - the lowest and highest earnings in that region. Chattanooga, TN 37405 (Northshore area) Estimated 57K - 72.2K a year. Those in the Midwest made $48,000 to $66,000 in South Dakota and Minnesota, respectively. Regional SalariesĪverage salaries for entry-level product managers varied the most in the South, according to Simply Hired, where they earned the lowest salaries of $48,000 in Mississippi and the highest of $98,000 in Washington, D.C. Other important qualifications for the job include creativity and analytical, supervisory, communication, time management, decision-making and computer skills. Employers may also prefer hiring someone with one year or more of experience as a product manager or assistant product manager. You'd need an engineering degree, for example, if you worked for a company selling highly technical products - aerospace products and parts or industrial machinery. To become an entry-level product manager, you need a minimum of a bachelor's degree in business, marketing, engineering or science, according to the U.S. The average annual salary for an entry-level product manager was $62,000, as of 2012, according to the job site Simply Hired.
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