Product Designer Salary in 2024

Salary details

The average Product Designer salary lies between USD 110,000 and USD 200,000 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. 22, 2024

Top 20 Job Tags for Product Designer roles

The three most common job tag items assiciated with Product Designer job listings are Research, UX and Engineering. 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:

Research | 91 jobs UX | 84 jobs Engineering | 66 jobs Testing | 51 jobs Machine Learning | 49 jobs Generative AI | 43 jobs LLMs | 41 jobs Prototyping | 39 jobs Security | 21 jobs Privacy | 20 jobs Agile | 18 jobs Computer Science | 16 jobs Excel | 15 jobs Data visualization | 13 jobs Architecture | 12 jobs GPT | 12 jobs React | 11 jobs OpenAI | 10 jobs SQL | 9 jobs CX | 9 jobs

Top 20 Job Perks/Benefits for Product Designer roles

The three most common job benefits and perks assiciated with Product Designer job listings are Career development, Health care and Equity / stock options. 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 | 95 jobs Health care | 56 jobs Equity / stock options | 54 jobs Flex hours | 49 jobs Flex vacation | 38 jobs Startup environment | 37 jobs Parental leave | 34 jobs Salary bonus | 33 jobs Competitive pay | 27 jobs Medical leave | 27 jobs Home office stipend | 26 jobs 401(k) matching | 19 jobs Wellness | 18 jobs Insurance | 17 jobs Team events | 13 jobs Transparency | 9 jobs Fitness / gym | 8 jobs Flexible spending account | 8 jobs Gear | 6 jobs Unlimited paid time off | 6 jobs

Salary Composition

The salary for a Product Designer in AI/ML/Data Science typically comprises a fixed base salary, performance bonuses, and additional remuneration such as stock options or equity, especially in tech companies. The composition can vary significantly based on the region, industry, and company size. In tech hubs like Silicon Valley, the base salary might be higher, but the cost of living is also elevated. Bonuses are often tied to individual and company performance, and larger companies may offer more substantial bonuses and stock options. In contrast, smaller startups might offer lower base salaries but compensate with equity to attract talent.

Increasing Salary Potential

To increase your salary from this position, consider gaining specialized skills in AI/ML that complement your design expertise. Pursuing leadership roles or transitioning into a Product Manager position can also lead to higher compensation. Networking within the industry and staying updated with the latest trends can open opportunities for higher-paying roles. Additionally, negotiating your salary based on market research and your contributions to the company can be effective.

Educational Requirements

Most positions for a Product Designer in AI/ML/Data Science require at least a bachelor's degree in design, computer science, or a related field. However, a master's degree or additional coursework in AI/ML can be advantageous. Employers often look for candidates with a strong foundation in design principles, user experience, and an understanding of AI/ML technologies.

Helpful Certifications

While not always mandatory, certain certifications can enhance your profile. Certifications in UX design, human-computer interaction, or specific AI/ML courses from platforms like Coursera, edX, or Udacity can be beneficial. Certificates in data science or machine learning from recognized institutions can also add value, demonstrating your commitment to understanding the technical aspects of the field.

Experience Requirements

Typically, employers look for candidates with 3-5 years of experience in product design, with some exposure to AI/ML projects. Experience in designing user interfaces and experiences for data-driven products is highly valued. Demonstrating a portfolio that includes AI/ML projects can significantly boost your candidacy.

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