There’s no question that the Amazon Product Manager (PM) position is one of the most in-demand in the tech industry. With its growing market share, rapid growth, and intense competition, Amazon has always been a company that values employee productivity and satisfaction – two necessary factors for a successful work environment. Let us learn about “Amazon Product Manager Salary”
The salary ranges for Amazon Product Managers vary; depending on experience, location, and other factors. However, a salary report suggests that the median salary for an Amazon Product Manager is $120,000 per year.
Product Manager Levels In Amazon
The post of a Product Manager doesn’t entitle only one position but rather a band of positions with different levels. Those are:
Associate Product Manager (L3)
This entry-level position is the most suitable for recent graduates. They get a salary of $163,667/year.
Junior Product Manager (L5)
A junior product manager is someone who is new to the role but knows his way around the job. Junior project managers often lead a smaller team and have some work experience under their belt. They get a salary of around $156k per year.
Product Manager (L6)
This mostly known position entitles a lot of skills, experiences, and responsibilities. They are in charge of all aspects of the product from conception to launch, and they lead the product development team. A Sr. PM gets $175k per annum while the salary for a PM with less experience is $144k.
Principal Product Manager (L7)
They manage groups of people handling a project. They need more soft skills than technical skills. Their average salary is $382,696/year.
VP Product (L10)
A VP is similar to a Director, but they manage one company area: the management of products. They usually handle the team budget. They get a salary of $1,105,000 at Amazon in Seattle, WA.
The Average Annual Salary Of A Product Manager In Amazon
In the United States, a product manager at Amazon earns $138,000 per year on average. In addition to the good salary, product managers are paid an excellent percentage of the total compensation package for their position. And they get equity of $0-$100k.
As work experience is another determining factor of a product manager, the base salary varies between $23k (for entry-level Product Managers) to $71k (experienced for 12 years) per annum. The salary of product managers depends on the level they are working at too.
A Senior products manager earns around $175k working at Amazon. While the same for a group product manager is $221k. A Chief Product Officer gets the highest salary in product manager tiers with $237k per annum.
Reasons To Work At Amazon – Plus, The Average Product Manager’s Salary
There are many great reasons to work at Amazon, and one of the top benefits is the company’s culture. Here are seven reasons why becoming a product manager at Amazon could be an ideal job choice for you:
- You will get excellent pay with many benefits (Eg, 401k plan, health benefits). Plus, stock options make your salary stand out.
- You’ll never have to worry about being unavailable for work because of flexible hours or vacations. Many employees swear by the company’s remote work policy.
- Software development projects won’t suffer due to ambiguous timelines or poor planning, so you shouldn’t be concerned. At Amazon, everything runs smoothly thanks to tight teamwork and meticulous coordination between developers’ teams leading up to cohesive product releases.
- Regular feedback and recognition are normal when you work for Amazon.
- You’ll be working with a driven team that’s passionate about creating innovative products.
- Amazon can offer you opportunities for growth and career advancement.
What Are The Duties And Responsibilities Of A Product Manager?
A product manager is responsible for the overall success of a business’s products. This position sometimes is counted in the marketing or engineering department but may be found in other departments like finance or sales too. The primary responsibilities and duties of a product manager include:
- Developing and managing products, defining customer needs, testing new ideas, creating specifications, and working with teams to develop prototypes.
- Liaising with stakeholders across different departments.
- Solving the problems that crop up during development.
- Being responsible for all features of the production from idea creation to launch and maintenance.
The key skills that you need to be successful in the role of a product manager include strong strategic thinking abilities, outstanding communication, and coordination skills, the ability to prioritize tasks effectively, knowledge of market trends/behavior patterns, and experience in working on complex software systems or websites.
Given this, it is no surprise that the Product Manager salary is quite high. With other benefits and packages, product managers at Amazon can live comfortable lives while helping to shape the future of one of the world’s most popular brands.
As a Product Manager, you have to work as a team and carry out the launch of successful products. So soft skills are important for this job.
Above mentioned are the requirements of an Amazon Product Manager and the various salary brackets are discussed. Now that you have a better understanding of all the must-haves and benefits, you can make an educated decision to choose the right post for you depending on your expertise, experience, and area of interest.
- Do you think that there is a direct correlation between higher pay and more responsibility within the role?
Yes, within a job, there is a direct link between higher pay and greater responsibility. With higher pay comes increased responsibilities and more challenging tasks.
- What product are you personally most proud of? And why is that so?
CrossFit Bootcamp workout DVD might be the champion in this. Because the DVD is fun, efficient, and extremely versatile- ready for both home and the gym.
- What is the startup fee for setting up a new business on Amazon?
There are no startup fees, and you can operate your business with little to no overhead costs.
- Do you think that Amazon Product Managers are underpaid compared to other product managers?
Some reports indicate Amazon Product Managers may be underpaid when compared to their counterparts at other companies.