The rise of ICs, the unexpected salary dip for managers, why salary only moderately impacts satisfaction, and more revealing insights from our recent compensation survey.
Great data! I know this doesnt include equity, but any idea if this is just base salary OR full comp (insurance, retirement matching, etc.). As a hiring manager...Im sometimes surprised when an employee brings me results like this. Kudos to them for doing their research! But it can be tough to turn around to HR and try to get an somebody bumped up and the response from HR is "when we look at full comp they are in range".
This data *feels* right. Every now and then I'll see a post on LinkedIn from product thought leaders on getting roles at 300K+ and I sit and go "what am I missing?"
The Mid-level to senior IC role makes complete sense to what I've seen for myself and peers.
I agree with @darinwonn in their take below that I'm curious if it's base salary OR full comp. I assume base salary though just from the numbers comparison.
Thank you so much for this wonderful report! I was wondering if someone could help me understand the differences between the Head of Product and the Senior Director of Product role. I'm particularly curious about how these roles compare in the SaaS B2B space. What are their unique purposes, levels of authority, and responsibilities? Where does the Head of Product fit in the hierarchy? It would be great to get some insights on this!
Hi again, Lenny! I have a clarifying question: In companies that own/manage a portfolio of independent brands (each with their own products and identities), who's usually higher in the product hierarchy when it comes to guiding overall product vision and strategy at the portfolio level—Head of Product or Senior Director of Product? I have mixed feelings about this, as different companies seem to have totally different approaches.
Is there a reason the data doesn’t include total compensation, including bonuses and equity? It would be interesting to see trends in those components of salary for making more informed career decisions, especially since the equity component can be significant at publicly traded companies where the equity is more liquid once it has vested.
Great data! I know this doesnt include equity, but any idea if this is just base salary OR full comp (insurance, retirement matching, etc.). As a hiring manager...Im sometimes surprised when an employee brings me results like this. Kudos to them for doing their research! But it can be tough to turn around to HR and try to get an somebody bumped up and the response from HR is "when we look at full comp they are in range".
This data *feels* right. Every now and then I'll see a post on LinkedIn from product thought leaders on getting roles at 300K+ and I sit and go "what am I missing?"
The Mid-level to senior IC role makes complete sense to what I've seen for myself and peers.
I agree with @darinwonn in their take below that I'm curious if it's base salary OR full comp. I assume base salary though just from the numbers comparison.
Very useful data, thank you. Go get that money PMs!
Thank you so much for this wonderful report! I was wondering if someone could help me understand the differences between the Head of Product and the Senior Director of Product role. I'm particularly curious about how these roles compare in the SaaS B2B space. What are their unique purposes, levels of authority, and responsibilities? Where does the Head of Product fit in the hierarchy? It would be great to get some insights on this!
These roles emerge as you grow, where your numbers grow and you introduce additional layers to coordinate all of the people and projects.
Head of Product is responsible for the entire product function. Senior Director of Product normally refers to someone who manages managers of PMs.
Thanks!
Hi again, Lenny! I have a clarifying question: In companies that own/manage a portfolio of independent brands (each with their own products and identities), who's usually higher in the product hierarchy when it comes to guiding overall product vision and strategy at the portfolio level—Head of Product or Senior Director of Product? I have mixed feelings about this, as different companies seem to have totally different approaches.
The entry level ICs translate to APMs, right?
Thank you
I think that's probably the right way to think about it, even though most companies don't call them APMs.
Is there a reason the data doesn’t include total compensation, including bonuses and equity? It would be interesting to see trends in those components of salary for making more informed career decisions, especially since the equity component can be significant at publicly traded companies where the equity is more liquid once it has vested.
We'll be doing that in the next edition. One step a time.