Senior Product Manager
We are seeing a large increase in the number and variety of Senior Product Manager jobs in the market. If you are looking for a Senior Product Manager job role or would like to find out how to become a Senior Product Manager, what skills you need, and what salaries are on offer, you will find a complete guide below.
If you’re an employer looking to recruit a Senior Product Manager, please see our product recruitment services page, and the full overview of our services to employers. If you need to hire and would like our services, contact us today.
We place over 100 Senior Product Manager candidates within London based companies each year. With the rise of flexible working over the last 2 years, we are extending our recruitment services to candidates across the UK, Europe and North America.
In today’s market, a salary of £70,000 to £110,000 would be expected at Senior Product Manager level. Traditionally, those Senior Product Managers’ working within London could expect a salary at the higher end of this scale, but with the rise in demand from candidates for flexible working, employers are tending to level out this playing field.
If an employer requires a Senior Product Manager with specific niche experience and knowledge, the candidate will often be able to negotiate a salary at the higher end of this scale.
Other factors that could affect the salary of a Senior Product Manager role are:
- The size of the employer
- The growth objectives of the employer
- The business sector
- The employers people budget and financial security
- The overall benefits package. Employers can enhance the salary through equity, pensions, and other benefits
Read our guide to
Example Job Description
A typical Senior Product Manager job description will read something like the below:
A Senior Product Manager needed by one of the UK’s most well-known retailers, who serve millions of customers every day.
The Senior Product Manager will have ownership over the supply chain software and will work alongside a highly motivated cross-functional team to ensure best-in-class customer experiences are delivered consistently.
The Senior Product Manager role is a key position within the company and will focus on new product discovery which solve customer problems and add value to the organisation.
The Senior Product Manager will:
- Take full ownership of the product strategy, roadmap, and backlog
- Roll out product trials and product launches
- Make data-based decisions and deliver on agreed product metrics (OKRs)
- Drive new product development and enhance current product functions
- Manage multiple stakeholders and cross-functional teams
The Senior Product Manager must have:
- Experience identifying user problems and opportunities
- Strong stakeholder management experience
- Understand AGILE
- Experience as a product manager on a supply chain or retail platform or as a supply chain analyst/manager helping product teams develop great new products
Senior Product Manager skills
Creating a job description is a difficult task for a Product Director role – each business will have different requirements depending on its size, how established the business is, the budget, and what product the business sells, from software, a service to a tangible product. Saying this, businesses looking to fill a vacancy at Product Director level are more than likely looking for these skills:
Customer First Approach
Evidence of combining product experience and knowledge with market insight to deliver a product roadmap that has met and exceeded the actual needs of customers – rather than the perceived needs.
Defined as ‘bringing people, processes, connectivity and technology, time and place together to find the most appropriate and effective way of working to carry out a particular task. It is working within guidelines (of the task) but without boundaries (of how you achieve it).’This is an important team management skill, creating the right environment for success.
The ability to foresee pain points and roadblocks within the product roadmap and creating a plan to overcome these in a timely and cost-effective way.
Evidence of taking teams on a journey, from understanding the business vision and buying into the product direction completely. Businesses will want to see candidates who have showcased influencing skills and can give proven examples of coaching teams towards success.
Becoming increasingly popular is the requirement for candidates to have ‘full stack’ experience and taking products through the whole product lifecycle, from research and development to maturity.
- What do senior product managers earn?
- A Junior Product Manager can earn between £45,000 to £55,000. On promotion to Product Manager, the salary is expected to rise to £60,000 to £80,000. Rising to £75,000 to £110,000 for a Senior Product Manager position.
- What does a senior product manager do?
- A Senior Product Manager is responsible for managing more junior members of the product team. They will often work across one product or set of products, working cross functionality with development, marketing, sales and customer teams. They develop the product roadmap and analyse results.