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What is the highest and lowest pay for Product Manager V?

As of December 01, 2024, the average annual pay of Product Manager V in Decatur, IL is $178,325. While Salary.com is seeing that the highest pay for Product Manager V in Decatur, IL can go up to $211,855 and the lowest down to $147,211, but most earn between $162,039 and $195,876. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Product Manager V in the United States.

Product Manager V Salaries by Percentile
Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $203,191 $16,933 $3,908 $98
Average $184,984 $15,415 $3,557 $89
25th Percentile $168,090 $14,007 $3,232 $81

Average Salary

25% $162,039 10% $147,211 90% $211,855 75% $195,876 $178,325 50%(Median) Didn’t find job title? Click
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Salary.com provides you with accurate and diversified Product Manager V salary data based on specialized databases to help you get a fairer salary. Click the switch button below to see more details about Product Manager V hourly pay, weekly pay, monthly pay and so on.

Last Updated on December 01, 2024
Last Updated on December 01, 2024
Levels Salary
Entry Level Product Manager V $171,321
Intermediate Level Product Manager V $172,046
Senior Level Product Manager V $173,255
Specialist Level Product Manager V $174,947
Expert Level Product Manager V $177,365
$171,321 0 yr
$172,046 < 2 yrs
$173,255 2-4 yrs
$174,947 5-8 yrs
$177,365 > 8 yrs
Last Updated on December 01, 2024
Entry Level 7%
Mid Level 7%
Senior Level 6%
Top Level 5%
Experienced 4%
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Last Updated on December 01, 2024

Job Openings of Product Manager V

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Cost of Living In Decatur, IL

Cost of Living in Decatur , IL is
-3.7% Lower
than the National Average
Use Salary.com's Cost of Living Calculator to find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses.

Best-Paid Skills and Qualifications for Product Manager V

What skills does a Product Manager V need?

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.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

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.

3.

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.

Analysis 5.11%
User Stories 1.9%
Market Research 1.37%
Others 91.62%
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What skills can make your compensation higher?
Mastering certain skills can make the compensation of a Product Manager V higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Empathy, you can get a 11% salary raise. If you are good at Design Engineering, your salary will increase by 5%. If you are expert in Partnering, your salary will rise by 4%.
Skill Salary Demand
Empathy
$197,941
11%
Design Engineering
$187,241
5%
Partnering
$185,458
4%
Written Communication
$183,675
3%
SQL
$183,675
3%
Attention to Detail
$183,675
3%
Last Updated on December 01, 2024

About Our Data

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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The average salary for a Product Manager V is $178,325 per year in Decatur, IL, updated at December 01, 2024.
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