As of December 01, 2024, the average annual pay of Product Manager III in Richmond, VA is $125,540. While Salary.com is seeing that Product Manager III salary in Richmond, VA can go up to $152,004 or down to $101,314, but most earn between $112,860 and $139,393. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Product Manager III in the United States.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $143,261 | $11,938 | $2,755 | $69 |
| Average | $129,024 | $10,752 | $2,481 | $62 |
| 25th Percentile | $115,991 | $9,666 | $2,231 | $56 |
An entry-level Product Manager III with under 1 year experience makes about $120,168. With less than 2 years of experience, a mid-level Product Manager III makes around $120,732. After 2-4 years, the Product Manager III pay rises to about $122,050. Those senior Product Manager III with 5-8 years of experience earn roughly $124,875, and those Product Manager III having 8 years or more experience are expected to earn about $128,988 on average.
| Levels | Salary |
|---|---|
| Entry Level Product Manager III | $120,168 |
| Intermediate Level Product Manager III | $120,732 |
| Senior Level Product Manager III | $122,050 |
| Specialist Level Product Manager III | $124,875 |
| Expert Level Product Manager III | $128,988 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 5% |
| Top Level | 3% |
| Experienced | 0% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Product Marketing: Product marketing is a process of promoting and selling a product to a customer. Also product marketing is defined as being the intermediary function between product development and increasing brand awareness. For example, product management deals with the basics of product development within a firm, whereas product marketing deals with marketing the product to prospects, customers, and others. Product marketing, as a job function within a firm, also differs from other marketing jobs such as social media marketing, marketing communications ("marcom"), online marketing, advertising, marketing strategy, and public relations, although product marketers may use channels such as online for outbound marketing for their product. A product market is something that is referred to when pitching a new product to the general public. Product market definition focuses on a narrow statement: the product type, customer needs (functional needs), customer type, and geographic area.
B2B: B2B (business-to-business), a type of electronic commerce (e-commerce), is the exchange of products, services or information between businesses, rather than between businesses and consumers (B2C).
| Skill | Salary | Demand |
|---|---|---|
|
Design Engineering
|
$130,562 |
4%
|
|
B2B
|
$129,307 |
3%
|
|
Business Development
|
$129,307 |
3%
|
|
Data Science
|
$129,307 |
3%
|
|
Empathy
|
$129,307 |
3%
|
|
Fintech
|
$128,051 |
2%
|
