Lenny's Newsletter

Lenny's Newsletter

Playback speed
1×
Subtitles
Share post
Share post at current time
0:00
/
0:00
Transcript
0:01
SPEAKER 1
Today, we're diving into exclusive salary data for product managers across the US, Europe, and Canada. Using real compensation figures from over 23,000 product managers at 7,500 plus companies, we'll reveal what product managers actually earn from entry level to chief product officer. You'll discover the dramatic differences between public and private companies, geographic pay gaps,
0:24
and where the biggest compensation jumps happen. Whether you're negotiating your next role or building a product team, these benchmarks show what companies are really paying for product talent today. I love sharing data you won't find elsewhere, so I'm excited to publish exclusive in-depth salary benchmarks for product managers in the US, Europe, and Canada.
0:46
This data is courtesy of PAVE, which gets its data by integrating with human resources information system software and equity management systems at over 7,500 top companies to build real-time compensation benchmarks. The data below is based on actual comp from over 23,000 product managers globally, plus a few select data points from levels.fyi.

How much product managers get paid in US, Europe, and Canada

Lenny Rachitsky's avatar
Lenny Rachitsky
Apr 29, 2025
Share
Transcript

I dive into the latest compensation data for product managers across the US, UK, Europe, and Canada, unpacking trends, surprising gaps, and strategies for maximizing your earnings as a PM.

In this episode, you’ll learn:

• Why senior ICs often out-earn managers, and how to pick the right path

• How moving to a Tier 1 city can supercharge your salary

• Cash versus equity: how to think about your comp tradeoffs

• The career levels where PM salaries really take off

• Why CPOs are cashing in like never before

• How far behind UK and European PM salaries actually are

• How to game your comp strategy based on your goals

Referenced:

• Pave: https://www.pave.com/

• Levels.fyi: https://www.levels.fyi/

Read the newsletter:

https://www.lennysnewsletter.com/p/how-much-product-managers-make-in

Subscribe to Lenny’s Newsletter:

https://www.lennysnewsletter.com/subscribe

Subscribe:

• YouTube: https://www.youtube.com/@lennysreads

• Apple: https://podcasts.apple.com/us/podcast/lennys-reads/id1810314693

• Spotify: https://open.spotify.com/show/0IIunA06qMtrcQLfypTooj?nd=1&dlsi=ab893d56bd4a4050

• Substack: https://lennysreads.com/

Follow Lenny:

• Twitter: https://twitter.com/lennysan

• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/

• Podcast: https://www.youtube.com/@lennyspodcast

About:

Welcome to Lenny’s Reads, where every week you’ll find a fresh audio version of my newsletter about building product, driving growth, and accelerating your career, read to you by the soothing voice of Lennybot.

© 2025 Substack Inc
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture
0:46
This data is courtesy of PAVE, which gets its data by integrating with human resources information system software and equity management systems at over 7,500 top companies to build real-time compensation benchmarks. The data below is based on actual comp from over 23,000 product managers globally, plus a few select data points from levels.fyi.