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Salary Insights - Senior Product Manager

We were recently engaged by a client to conduct a search for a Senior Product Manager to own a mission critical product experience.

Our client is a global brand whose SaaS product enables the creation and sharing of UGC (user generated content).

We conducted a targeted search on our client's behalf, seeking Principal and Senior Product Managers in Toronto, Vancouver and Halifax who had experience working on technically complicated products.

The client interviewed 6 candidates:

The Reliable Rebuilder - $90K Base + Bonus

  • 7 years of employment experience, 5 spent in Product Management
  • Responsible for a complicated B2B backend product and leading a rebuild
  • Based in Ontario
  • Bachelor's Degree

The Hometown Hero - $130K Base + Bonus + Equity

  • 13 years of employment experience, 10 of which were with the same employer and 5 spent in Product Management
  • Responsible for a business application with numerous API integrations into other systems
  • Based in Nova Scotia

The European Expat - $150K Base + Bonus + Equity

  • 12 years of employment experience, 8 spent as a Product Manager
  • Responsible for 2 products and the API strategy 
  • Previous experience in Adtech as a SMR
  • Based in Western Europe but returning to Ontario
  • Engineering Degree + MBA and Certified Scrum Product Owner

The Tenured Titan - $130K Base + Bonus + Equity

  • 15 years of employment experience, 11 spent in Product Management 
  • Responsible for a product line including its roadmap and revenue
  • Based in Ontario
  • Business Degree 

The Clever Consultant - $100K Base + Bonus

  • 11 years of employment experience, 8 spent as a Product Owner/Manager
  • Responsible for a consultancy’s largest client as a dedicated Product Manager/Owner managing a global platform used for content publishing
  • Based in Ontario
  • Masters Degree (tech) and numerous Product and Project Certifications

The Hire

  • 10 years of employment experience, 9 spent in Product Management
  • Responsible for launching a native mobile product experience with active users as well as leading a complete ground-up rebuild
  • Functioned as a Director, reporting to a CEO and managing the overall product roadmap
  • Based in Nova Scotia
  • Business Major + numerous Product, Project and Communication Courses/Certificates

To attract and land this candidate, our client offered a $120K Base + 15% Bonus.

As you can see, compensation for these candidates varies significantly based on the length and scope of experience, as well as their ability to thrive in similar environments.

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For organizations and job seekers alike, it can be challenging to understand what a particular position should pay. Often, it’s a calculation between salary surveys that lack all context, what a person has earned in the past, and ad hoc conversations with others in the field.

We’re sharing market insights into current compensation packages for key roles in the tech industry. Our recruiters conduct targeted searches on behalf of our clients, seeking out candidates who fit the requirements of the role and diligently qualifying them to present only the very best talent.

These posts are meant to highlight the contextual elements that makeup compensation, and to help our clients and candidates better understand the current market forces that affect earning potential.

Is your organization hiring key c-suite executives to drive your growth?

Book a consultation with our friendly and knowledgeable team today—we live and breathe the tech talent ecosystem every day, and can help you understand the market for the talent you need.