How much does an Innovation Manager make in the United States? The average Innovation Manager salary in the United States is $147,001 as of March 26, 2024, but the range typically falls between $129,562 and $170,352. 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. 

Innovation Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Innovation Manager Salary $113,685 US March 26, 2024
25th Percentile Innovation Manager Salary $129,562 US March 26, 2024
50th Percentile Innovation Manager Salary $147,001 US March 26, 2024
75th Percentile Innovation Manager Salary $170,352 US March 26, 2024
90th Percentile Innovation Manager Salary $191,612 US March 26, 2024
25% $129,562 10% $113,685 90% $191,612 75% $170,352 $147,001 50%(Median) Didn’t find job title? Click
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Job Description for Innovation Manager

Innovation Manager advances the vision, strategy, and thinking methodologies used to innovate new products and services, introduce novel or disruptive ideas, improve existing processes, and create a culture of innovation within the company. Embraces an innovation strategy to define objectives and measures aligned with overall company goals that add value to stakeholders. Being an Innovation Manager implements innovation projects and oversees resources and budgets. Works with partners or alliances on initiatives that support innovation. Additionally, Innovation Manager collaborates with internal teams and provides training resources to promote a culture of innovation that encourages and supports experimentation and rewards new ideas and ways of thinking. Requires a bachelor's degree. Typically reports to a director. The Innovation Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an Innovation Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)... View full job description

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Career Path for Innovation Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Innovation Manager, the upper level is Innovation Senior Manager and then progresses to Innovation Director.

Those that have already made the climb...
Robert E. Wolfe, Chairman of the Board, CEO, and CFO
Advanced Oxygen Technologies, Inc., through its subsidiaries, owns and leases a commercial real estate property in Vojens, Denmark. It also engages in the distribution and sale of security straps and tie downs. The company was formerly known as Aquanautic Corporation. The company was incorporated in 1981 and is headqua... More
Fiscal Year Ended in 2023
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Innovation Manager salary varies from city to city. Compared with national average salary of Innovation Manager, the highest Innovation Manager salary is in San Francisco, CA, where the Innovation Manager salary is 25.0% above. The lowest Innovation Manager salary is in Miami, FL, where the Innovation Manager salary is 3.5% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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Average Base Salary

Core compensation

 
 
 
129562
170352
147001

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
140256
194400
163119
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Innovation Manager in the United States. The base salary for Innovation Manager ranges from $129,562 to $170,352 with the average base salary of $147,001. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $140,256 to $194,400 with the average total cash compensation of $163,119.
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129562
170352

 

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Skills associated with Innovation Manager: Business Acumen, Concept Development, Data Analysis, Design Thinking ...More

Jobs with a similar salary range to Innovation Manager : Product Manager, Innovation

Jobs with a similar salary range to Innovation Manager : Liaison Officer, Life Enrichment Aide

Innovation Manager Salary in United States
Innovation Manager Salary Graph, Regional Distribution and Summary