Are you looking to earn a top-tier product manager salary in NYC? Perfect!
Whether you’re already residing in the Big Apple or considering a move, the city’s thriving tech ecosystem offers a wealth of growth opportunities for skilled product managers.
New York City’s tech industry has been booming over the past decade, with Manhattan and Brooklyn leading the charge as tech job hubs. This tech expansion has significantly impacted the city’s economy, accounting for one-quarter of all new jobs created in the past ten years.
In addition, while NYC has faced some challenges in terms of diversity and geographic job distribution in the tech space, there are ongoing efforts to address these issues and create a more equitable local tech economy. So, there’s hope that opportunities for talented product managers from all backgrounds and boroughs will only increase in the future.
But what about salary expectations? Are product managers in NYC well-compensated? The short answer is yes—but let’s dive deeper and back up this claim with real-world salary data. Just use the clickable menu to find the information most relevant to you:
- What’s the average product manager salary in NYC?
- What’s it like to be a product manager in New York?
- How to become a product manager in NYC
- How to get product manager jobs in New York
- Final thoughts
1. What’s the average product manager salary in NYC?
According to data from Glassdoor, product manager salaries in New York City range from $111K to $186K per year, with the average total compensation being roughly $150,000. For perspective: this is three times the average salary in the US, which currently stands at $53,490.
But let’s break this further down by looking at different roles and seniority levels. Here are the average salary figures for the most important product manager positions and related job titles in NYC:
- Associate Product Manager, NYC: $103,866
- Product Manager, NYC: $150,862
- Senior Product Manager, NYC: $168,495
- Group Product Manager, NYC: $237,712
- Director of Product Management, NYC: $256,002
- Chief Product Officer, NYC: $362,777
- Product Owner, NYC: $128,006
- Senior Product Owner, NYC: $171,418
Product manager salary: New York boroughs
Another factor that can influence salaries is location. To ensure New York-based PMs get the most accurate data, we’ve also researched average salary details for product management roles in each borough.
However, as you can see in the following Glassdoor figures, only Manhattan has specific salary data available—the rest is based on the overall city salary range.
- Product Manager Salary, Manhattan: $152,143
- Product Manager Salary, Brooklyn: $150,862
- Product Manager Salary, Queens: $150,862
- Product Manager Salary, Staten Island: $150,862
- Product Manager Salary, The Bronx: $150,862
2. What’s it like to be a product manager in New York?
Working as a product manager in New York City has many facets, some exciting and others a little more challenging.
Cost of living vs Remote work opportunities
The biggest concern is probably the high cost of living, but there are ways to balance affordability and location, thus making the career move worthwhile.
For example, many PMs in the city have found success by working remotely, which can open up access to higher salaries without having to move and deal with expensive rent in areas like Manhattan.
Vibrant tech scene and communities
It also helps to know that New York offers higher than national average salaries and ample networking opportunities thanks to the presence of many big firms, startups, and venture capital investors in the area.
Add to that the vibrant social and cultural scene, and it’s easy to see why NYC can be a great place to start or advance your career as a product manager.
And, if you’re worried about transportation, the city’s extensive public transportation system can get you anywhere within and beyond the metropolis.
Non-tech powerhouses and global corporations
Aside from traditional tech and start-up companies in New York, there are also numerous non-traditional tech-focused companies that product managers can work for.
From financial services and healthcare corporations to media and EdTech companies, various industries require talented individuals to manage their products. Moreover, many global corporations have their headquarters or regional offices in NYC, providing more opportunities for PMs to grow their careers internationally.
So, as a product manager in the Big Apple, you can look forward to exploring versatile working environments—something that can play a considerable role in shaping your career trajectory.
3. How to become a product manager in NYC
Before looking for product manager jobs in New York, you’ll need to develop the necessary skills for success in this role.
It’s worth noting that product manager job descriptions typically include experience in business development, customer segmentation, market analysis, project management, and product design. But how can you gain these skills?
Here are three tips—for more detailed advice, consider reading our full-length guide: How to become a product manager?
Hone your tech skills
To succeed as a product manager in New York City, you must continuously refine your tech and product management skills.
This includes staying up-to-date with the latest industry trends and developing skills such as market research, strategy development, and project management.
Attending networking events, reading relevant blogs, and engaging in online forums can help you keep up with the latest developments.
Consider training or bootcamps
If you’re interested in becoming a product manager in New York but lack experience in the field, professional training can help you develop the skills you need.
You can choose between in-person or flexible online training, but keep in mind that online courses usually offer greater flexibility and convenience.
CareerFoundry’s Product Management Program, for example, provides a comprehensive curriculum designed to help you master the essential skills, tools, and processes needed to become a successful PM. With personal mentorship from industry experts, personalized feedback, and practical projects to build your portfolio, their remote program is suitable for aspiring product managers anywhere in the world.
Develop a strong portfolio
Creating a portfolio full of compelling case studies can significantly improve your chances of securing a product manager position in New York’s competitive job market.
A strong portfolio showcases your diverse product development experience, design capabilities, and strategy development and implementation skills.
Check out these 9 great product manager portfolio examples for inspiration, and our guide will walk you through the essentials of building an impressive portfolio.
4. How to get product manager jobs in New York
Once you’ve developed your product development skills and built a portfolio, you’re one step closer to landing a job in NYC.
But still, it pays to know how to prepare and present yourself most effectively throughout the job-search process. Again, here are three quick but essential tips:
Build your local network
In a city like New York, having a robust professional network is invaluable.
Attend industry events, conferences, and workshops to connect with other professionals in your field. In addition, you should also engage with people on LinkedIn and other social media platforms to build authentic relationships in the tech community.
You never know who you might meet or what doors could open up.
Join NYC-based product meetups
Participating actively in product management meetups and local tech communities is a great way to stay updated with industry trends, learn from experienced professionals, and expand your network.
Look for events and groups specific to product management in NYC, and be prepared to contribute to discussions and share your insights.
Get ready to impress future employers
As mentioned, having a strong portfolio that showcases your skills and experience in product management is crucial for making a good impression on potential employers.
But in addition to that, invest time in crafting a compelling narrative around your career journey, and be prepared to speak confidently about how your accomplishments align with specific company objectives.
By being well-prepared, you’ll be more likely to impress future employers and secure a product manager role in New York.
5. Final thoughts
New York product manager salaries are among the highest in the country, making the city an attractive destination for those seeking to pursue a career in the field.
In this article, we’ve discussed the general pay trajectory for product managers in NYC, outlined average salaries for different product manager roles, explored the working environment for tech professionals in the Big Apple, and provided advice on securing a PM job in this vibrant metropolis.
We hope this article has provided you with enough guidance to start your product management journey in New York City.
Ready to give your product management career a solid foundation? Our free 5-day introductory course provides an interactive experience with the fundamentals of this profession. From strategy and design all the way to Agile methodology, you’ll gain access to the resources and knowledge necessary to kickstart your tech career.
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