As of July 01, 2026, the average salary for a Software Product Manager V in Connecticut is $191,900 per year, which breaks down to an hourly rate of $92.
However, a Software Product Manager V's salary can vary significantly. Here’s a look at the typical salary range:
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A Software Product Manager V'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 V'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 III | 4-7 years | $140,732 |
| Software Product Manager IV | 7+ years | $156,699 |
| Software Product Manager V | 7-10 years | $191,846 |
| Software Product Manager VI | 10-12 years | $222,632 |
| Software Product Management Supervisor | 12+ years | $140,657 |
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 Vs. For example, consider the average annual salaries in these key locations:
Software Product Manager V salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $214,639. While startup companies pay approximate $181,520.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $181,520 |
| Growth Stage | 51~500 | $191,986 |
| Established | 501~5000 | $207,275 |
| Enterprise | 5000+ | $214,639 |
For Software Product Manager V roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Financial Services sectors offer the strongest compensation, at 45% above the average. In contrast, Software Product Manager positions in Retail & Wholesale or Hospitality & Leisure typically offer lower base pay, as these industries often view Software Product Manager V as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Software & Networking | $278,255 | $134.0 | 45% |
| Financial Services | $249,470 | $120.0 | 30% |
| Internet | $249,470 | $120.0 | 30% |
| Biotechnology | $230,280 | $111.0 | 20% |
| Energy & Utilities | $230,280 | $111.0 | 20% |
Understanding how a Software Product Manager V'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.
Last Updated on July 01, 2026For a Software Product Manager V, the most direct path to higher earnings is advancing to the Software Product Manager VI role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $222,700 - a projected growth of 16% over your current level.
Ready to take the next step in your career? Browse thousands of current Software Product Manager V job openings on our job board. Use the search bar below to find your perfect match.
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