Product Management Statistics 2023: Facts about Product Management outlines the context of what’s happening in the tech world.
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On this page, you’ll learn about the following:
Top Product Management Statistics 2023
☰ Use “CTRL+F” to quickly find statistics. There are total 38 Product Management Statistics on this page 🙂Product Management “Latest” Statistics
- In 2021, the base salary for a Product Manager in an entry-level position is $86,005.[1]
- According to the Wall Street Journal, 7% of recent Harvard Business School graduates accepted product management positions.[2]
- According to a recent report from Harvard Business School, there were three times as many applicants for the Product Management 101 course as there were available seats.[2]
- Only 28% of respondents to the Pragmatic Marketing Inc. survey said they spent any time strategizing, while 72% spent time on tactics and execution.[2]
- 60.3% of executive leaders are only partially aware of the benefits a product manager provides to their company.[2]
- 60% of businesses do not have a strategy to improve their product management process, and nearly half of PMs dislike it.[2]
- According to 37.9% of product managers, their backlog is chaotic.[2]
- According to a 2016 study, 39% of Product Managers participating were between the ages of 35 and 44. Between the ages of 45 and 54, 54% were present.[3]
- According to the 2018 Zippia report, 73 percent of Product Managers are White.[3]
- Eighty percent of Product Managers, according to McKinsey & Company, are involved in activities related to design.[3]
- On August 22, 2020, research revealed that 698,945 individuals listed their profiles as product managers.[4]
- Glassdoor, a U.S. job portal, analyzed 40,713 salaries and determined that the average base pay for a product manager was approximately $108,992.[4]
- Product managers earn an annual salary of $110,916 on average worldwide.[4]
- Product managers earn the most, on average, $108,992 per year in the United States.[4]
- The American software company Aha! says, The median salary for product managers in San Francisco is $129,000.[4]
- The average annual salary for some product managers at Google, Slack, Uber, and Microsoft can exceed $200,000.[4]
- With an average annual salary of $122,737, Washington is the best place to work as a product manager, according to the career portal Zippia.com.[4]
- A Product School survey found that 55% of product managers would rather work for small to medium-sized businesses (SMEs) due to these businesses’ flexibility and willingness to try new things.[4]
- Professor Clayton Christensen of the Harvard School of Business asserts that nearly 30,000 new products are introduced into the market annually in an effort to attract customers’ attention.[5]
- Recent statistics indicate that only 40% of products produced by businesses tend to remain on the market.[5]
- When introduced to a new product, approximately 63% of testimonials stated that they liked it, according to a recent survey.[5]
- A survey found that 75% of people would be willing to pay more for automotive innovation.[5]
- Nearly 57% of those who took part in the most recent survey stated that they had made a recent trip to a basic grocery store and purchased new products.[5]
- The belief that more products on the market might have a chance of making their lives easier is held by nearly 27% of potential customers.[5]
- According to BetterCloud, businesses today use an average of 80 IT-sanctioned SaaS applications.[5]
- Business owners estimate that 70% of the work-related apps they use today are primarily based on SaaS.[5]
- According to companies that have implemented cloud-based SaaS platforms, they are now able to increase their market growth by 20% to 40%.[5]
- According to 15% of project managers, they need to concentrate on one project at a time.[5]
- 69 percent consider product management to be a leadership position.[5]
- 43,3% believe that product managers are highly effective at increasing the company’s annual growth rate and are regarded as leaders and key differentiators within their organization.[5]
- When shopping with a smartphone, 51% of respondents to the survey said they prefer to use a brand’s mobile app because they can earn rewards or points for their purchases.[5]
- A survey of 280 people found that one in five products doesn’t meet the needs of customers, making a good product manager even more important.[6]
- 56% of respondents to the report “Challenges in Product Management” stated that the skills of their product manager were average or below average, indicating that there is room for improvement.[6]
- Product management is in charge of 34% of departments.[6]
- A Product School survey found that 55% of product managers would rather work for small to medium-sized businesses due to their flexibility and willingness to try new things.[7]
- Product Managers, on average, make $118,411 per year, according to Zippa.[7]
- In May 2021, the average annual salary for industrial production managers was $103,150.[8]
- From 2021 to 2031, the employment of industrial production managers is expected to rise by 3%, which is lower than the average for all occupations.[8]
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Reference
- 280group – https://280group.com/product-management-blog/product-manager-salary-data-in-2021/
- airfocus – https://airfocus.com/blog/surprising-product-management-stats/
- productgym – https://productgym.io/product-manager-statistics-you-need-to-know/
- theproductmanager – https://theproductmanager.com/general/statistics-career-product-management/
- userguiding – https://userguiding.com/blog/product-statistics-trends/
- uxcam – https://uxcam.com/blog/product-management-statistics/
- webinarcare – https://webinarcare.com/best-product-management-software/product-management-statistics/
- bls – https://www.bls.gov/ooh/management/industrial-production-managers.htm