AI Product Manager Salary in 2024

Salary details

The average AI Product Manager salary lies between USD 148,600 and USD 242,400 globally. It represents the overall compensation/gross salary amount for the working year (before deductions like social security, taxes and other contributions), not including equity/stock options or similar benefits.

All data shown are full-time equivalent (FTE) salaries. Part-time salary information has been extrapolated to its FTE value.

Last updated: Dec. 15, 2024

Top 20 Job Tags for AI Product Manager roles

The three most common job tag items assiciated with AI Product Manager job listings are Machine Learning, Engineering and Generative AI. Below you find a list of the 20 most occuring job tags in 2024 and the number of open jobs that where associated with them during that period:

Machine Learning | 83 jobs Engineering | 78 jobs Generative AI | 48 jobs Research | 45 jobs Computer Science | 39 jobs Agile | 37 jobs LLMs | 30 jobs Architecture | 29 jobs Security | 27 jobs KPIs | 27 jobs Privacy | 26 jobs Banking | 21 jobs Testing | 21 jobs ML models | 21 jobs AWS | 19 jobs Python | 17 jobs Consulting | 15 jobs Excel | 14 jobs Data analysis | 14 jobs Market research | 14 jobs

Top 20 Job Perks/Benefits for AI Product Manager roles

The three most common job benefits and perks assiciated with AI Product Manager job listings are Career development, Health care and Competitive pay. Below you find a list of the 20 most occuring job perks or benefits in 2024 and the number of open jobs that where offering them during that period:

Career development | 83 jobs Health care | 54 jobs Competitive pay | 43 jobs Startup environment | 39 jobs Equity / stock options | 31 jobs Flex hours | 26 jobs Wellness | 21 jobs Team events | 17 jobs Medical leave | 13 jobs Parental leave | 10 jobs Insurance | 10 jobs Unlimited paid time off | 10 jobs Flex vacation | 9 jobs Transparency | 8 jobs Relocation support | 8 jobs Salary bonus | 8 jobs Snacks / Drinks | 6 jobs Home office stipend | 6 jobs 401(k) matching | 5 jobs Conferences | 3 jobs

Salary Composition for AI Product Managers

The salary for an AI Product Manager typically comprises a base salary, performance bonuses, and additional remuneration such as stock options or equity, especially in tech companies. The base salary is often the largest component, accounting for 60-80% of the total compensation package. Bonuses can vary significantly based on company performance and individual achievements, usually ranging from 10-20% of the base salary. Additional remuneration, such as stock options, can be a significant part of the package in startups or large tech firms, potentially making up 10-30% of the total compensation.

Regional differences also play a role; for instance, salaries in tech hubs like Silicon Valley or New York City tend to be higher due to the cost of living and competitive job market. Industry-wise, tech companies generally offer higher salaries compared to other sectors like finance or healthcare. Company size can also influence salary composition, with larger companies often providing more comprehensive benefits and stock options.

Steps to Increase Salary

To increase your salary from the AI Product Manager position, consider the following strategies:

• Skill Enhancement: Continuously update your skills in AI/ML technologies and product management methodologies. This can make you more valuable to your current employer or attractive to potential employers.
• Networking: Build a strong professional network within the AI/ML community. This can open up opportunities for higher-paying positions or consulting roles.
• Advanced Education: Pursue further education, such as an MBA or specialized courses in AI/ML, to enhance your qualifications and justify a higher salary.
• Leadership Roles: Aim for leadership positions within your organization, such as Head of Product or Director of AI, which typically come with higher compensation.
• Negotiation: Improve your negotiation skills to better advocate for salary increases during performance reviews or when switching jobs.

Educational Requirements

Most AI Product Manager positions require at least a bachelor's degree in a relevant field such as computer science, engineering, or business. However, a master's degree, particularly an MBA or a specialized degree in data science or AI, is often preferred. This advanced education provides a deeper understanding of both the technical and business aspects of AI product management.

Helpful Certifications

While not always mandatory, certain certifications can enhance your profile and demonstrate your expertise:

• Certified Scrum Product Owner (CSPO): Useful for understanding agile product management.
• AI and Machine Learning Certificates: Offered by institutions like Coursera, edX, or Udacity, these can provide a solid foundation in AI/ML concepts.
• Project Management Professional (PMP): Beneficial for managing complex projects and teams.

Experience Requirements

Typically, AI Product Manager roles require 3-5 years of experience in product management, with a focus on AI or data-driven products. Experience in related fields such as software development, data analysis, or business analysis can also be valuable. Demonstrated success in launching and managing AI products is often a key requirement.

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