As of May 01, 2025, the average annual salary for a Product Manager V in Cleveland, OH is $167,815. According to Salary.com, salaries can range from a low of $143,179 to a high of $194,121, with most professionals earning between $154,919 and $181,585.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $181,585 | $15,132 | $3,492 | $87 |
| Average | $167,815 | $13,985 | $3,227 | $81 |
| 25th Percentile | $154,919 | $12,910 | $2,979 | $74 |
An entry-level Product Manager V with under 1 year experience makes about $163,003. With less than 2 years of experience, a mid-level Product Manager V makes around $163,580. After 2-4 years, the Product Manager V pay rises to about $164,543. Those senior Product Manager V with 5-8 years of experience earn roughly $165,890, and those Product Manager V having 8 years or more experience are expected to earn about $167,815 on average.
| Levels | Salary |
|---|---|
| Entry Level Product Manager V | $163,003 |
| Intermediate Level Product Manager V | $163,580 |
| Senior Level Product Manager V | $164,543 |
| Specialist Level Product Manager V | $165,890 |
| Expert Level Product Manager V | $167,815 |
| Entry Level | 5% |
| Mid Level | 5% |
| Senior Level | 5% |
| Top Level | 4% |
| Experienced | 3% |
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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.
User Stories: In software development and product management, a user story is an informal, natural language description of one or more features of a software system. User stories are often written from the perspective of an end user or user of a system. They are often recorded on index cards, on Post-it notes, or in project management software. Depending on the project, user stories may be written by various stakeholders including clients, users, managers or development team members. User stories are a type of boundary object. They facilitate sensemaking and communication; that is, they help software teams organize their understanding of the system and its context. User stories are often confused with system requirements. A requirement is a formal description of need; a user story is an informal description of a feature.
Market Research: Market research is an organized effort to gather information about target markets or customers. It is a very important component of business strategy. The term is commonly interchanged with marketing research; however, expert practitioners may wish to draw a distinction, in that marketing research is concerned specifically about marketing processes, while market research is concerned specifically with markets. Market research is one of the main factors used in maintaining competitiveness over competitors. Market research provides important information which helps to identify and analyze the needs of the market, the market size and the competition. Market-research techniques encompass both qualitative techniques such as focus groups, in-depth interviews, and ethnography, as well as quantitative techniques such as customer surveys, and analysis of secondary data. Market research, which includes social and opinion research, is the systematic gathering and interpretation of information about individuals or organizations using statistical and analytical methods and techniques of the applied social sciences to gain insight or support decision making.
| Skill | Salary | Demand |
|---|---|---|
|
Empathy
|
$186,274 |
11%
|
|
Design Engineering
|
$176,205 |
5%
|
|
Partnering
|
$174,527 |
4%
|
|
Written Communication
|
$172,849 |
3%
|
|
SQL
|
$172,849 |
3%
|
|
Attention to Detail
|
$172,849 |
3%
|
