ABBOTT LABORATORIES Product Manager - Strategic Consultant Salary in the United States

How much does a Product Manager - Strategic Consultant make at companies like ABBOTT LABORATORIES in the United States? The average salary for Product Manager - Strategic Consultant at companies like ABBOTT LABORATORIES in the United States is $135,790 as of May 28, 2024, but the range typically falls between $119,307 and $152,272. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View the Cost of Living in Major Cities

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What does a Product Manager - Strategic Consultant do at companies like ABBOTT LABORATORIES?

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 103,000 colleagues serve people in more than 160 countries.

Position Summary:

The Product Manager is the core marketing owner and driver of the success for their designated channel. This is a general management role that requires Marketing strategy development and oversight while contributing to and influencing all facets of Sales and Marketing within the division including: Financial, Product Management and Marketing Plan Development, Creation of Marketing Strategy, Execution of Tactics, Training, Pricing, Materials Management, Business Development, and New Product Development and Introduction.

The Product Manager shall maintain product expertise including branding, market share, customer needs and targeting, product performance/benefits/weaknesses / positioning.

This position will focus on the development of marketing and sales strategies for the US acquisition channel as well as focusing on the creation, launching, and execution of the consultative workshop program.  The projects include the creation of content, forming and maintaining relationships with Key Opinion Leaders, launching and training of programs to the Sales organization, and creating tactical strategies to help drive sales. This position will also focus on the development of marketing and sales strategies for the US Government, Reference Labs, Group Purchasing Organizations (GPOs), and Independent Delivery Network channels. 

Success will be measured against sales and margin expectations, understanding of market and customers, competency/knowledge level and market image.

The Product Manager is responsible for leading the tactical implementation of activities that will lead to a customer-centric and goal achievement culture. This includes:

  • Developing preliminary marketing plans and launch strategies
  • Creating and developing strategies for acquisition channel.
  • Taking a leadership role to work closely with sales teams to drive accountability and team achievement of goals and milestones.
  • Managing creative agencies to plan, develop, and execute new materials.
  • Partnering with regulatory colleagues in the review and negotiation of materials to ensure competitiveness, accuracy, and compliance.

The Product Manager will have primary marketing and budget responsibility for designated channel projects.

In this core Marketing role, the Product Manager will drive and be held accountable to deliver Sales and Margin goals for designated channel.

The Senior Product Manager will be expected to be responsive and able to directly address questions and requests of senior management.

Qualifications:

Bachelors degree in marketing, business, or life sciences. MBA or Masters is desired.  

Background in working with health care professionals, healthcare sales teams, and developing national marketing and sales programs.

6 Years of Diagnostics or Healthcare Experience

4 years of Marketing Experience

Preferred Experience:

  • Leadership experience
  • Scientific or technical experience
  • Project management experience
  • International exposure

In addition, the successful candidate will have additional focus on the following:

  • Excellent verbal, written and presentation/communication skills
  • Deep understanding of the complexities of the diagnostics market and customer needs
  • Ability to develop, rationalize and present strategy
  • Strong analytical and computer skills, with knowledge of financial models
  • Strong work ethic, self-motivation and resourcefulness

Travel: Up to 35%

$119,307 Low Average $135,790 High $152,272

Understand the total compensation opportunity for Product Manager - Strategic Consultant at companies like ABBOTT LABORATORIES, base salary plus other pay elements

Average Total Cash Compensation

Includes base and annual incentives

$119,307
$152,272
$135,790
The chart shows total cash compensation for the ABBOTT LABORATORIES Product Manager - Strategic Consultant in the United States, which includes base, and annual incentives can vary anywhere from $119,307 to $152,272 with an average total cash compensation of $135,790. Total compensation includes the value of any benefits received in addition to your salary and some of the benefits that are most commonly provided within a total compensation package including bonuses, commissions, paid time off, and Insurance. The total cash compensation may get paid differently by industry, location, and other factors.
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