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As of August 01, 2026, the average salary for a Software Product Manager III in Indiana is $126,500 per year, which breaks down to an hourly rate of $61.
However, a Software Product Manager III's salary can vary significantly. Here’s a look at the typical salary range:
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Software Product Manager III Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $138,300 | $11,525 | $2,660 | $66 |
| Average | $126,500 | $10,542 | $2,433 | $61 |
| 25th Percentile | $117,900 | $9,825 | $2,267 | $57 |
APPLIED MATERIALS - TEMPE, AZ
Joe's Test Platform - EVANSTON, IL
Garner Health - NEW YORK CITY, NY
General Atomics - POWAY, CA
A Software Product Manager III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Software Product Manager III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Software Product Manager I | 0-2 years | $76,882 |
| Software Product Manager II | 2-4 years | $104,999 |
| Software Product Manager III | 4-7 years | $126,407 |
| Software Product Manager IV | 7+ years | $140,745 |
| Software Product Manager V | 7-10 years | $172,320 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Software Product Manager IIIs. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Software Product Manager III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $141,609. While startup companies pay approximate $119,798.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $119,798 |
| Growth Stage | 51~500 | $126,701 |
| Established | 501~5000 | $136,749 |
| Enterprise | 5000+ | $141,609 |
For Software Product Manager III roles, the industry you choose can affect earning potential by as much as 45% (the gap between the highest and lowest paying industries). Data shows that the Internet and Biotechnology sectors offer the strongest compensation, at 25% above the average. In contrast, Software Product Manager positions in Hospitality & Leisure or Transportation typically offer lower base pay, as these industries often view Software Product Manager III as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Internet | $158,125 | $76.0 | 25% |
| Biotechnology | $151,800 | $73.0 | 20% |
| Healthcare | $145,475 | $70.0 | 15% |
| Energy & Utilities | $139,150 | $67.0 | 10% |
| Financial Services | $139,150 | $67.0 | 10% |
Understanding how a Software Product Manager III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $138,300 | $11,525 | $2,660 | $66 |
| Average | $126,500 | $10,542 | $2,433 | $61 |
| 25th Percentile | $117,900 | $9,825 | $2,267 | $57 |
For a Software Product Manager III, the most direct path to higher earnings is advancing to the Software Product Manager IV role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $140,800 - a projected growth of 11% over your current level.
Ready to take the next step in your career? Browse thousands of current Software Product Manager III job openings on our job board. Use the search bar below to find your perfect match.
Docuvera Software GmbH
FLORIDA, FL
Docuvera Software GmbH | FLORIDA, FL
At Docuvera, you’ll have the opportunity to contribute to work that matters, collaborate with talented people globally, and help shape the future of digita... more
5 Days Ago
Veeam Software
SAN JOSE, CA
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Veeam is the Data and AI Trust Company, specializing in helping organizations ensure their data and AI are fully understood, secured, and resilient to enab... more
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ACV, INC.
BUFFALO, NY
ACV, INC. | BUFFALO, NY
Who are we looking for: We’re hiring a Product Manager to lead our Order Management Systems platform, with a focus on ensuring orders flow accurately and r... more
5 Days Ago
Q2 Software, Inc
AUSTIN, TX
Q2 Software, Inc | AUSTIN, TX
As passionate about our people as we are about our mission. Why Join Q2. Q2 is a leading provider of digital banking and lending solutions to banks, credit... more
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Amazon
MERRITT ISLAND, FL
Amazon | MERRITT ISLAND, FL
Amazon’s Launch Operations Software team is seeking a Software Development Engineer III to design, build, and scale services that power global retail launc... more
3 Days Ago
Pearson
HOBOKEN, NJ
Pearson | HOBOKEN, NJ
Description The Role We are seeking a highly motivated Software Engineer to design, build, and maintain scalable, cloud‑native applications that deliver mo... more
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