Interview Query

McKinsey Product Manager Salary

IQ Team
Written by IQ Team
IQ Team
Published March 24, 2022
Estimated reading time: 7 minutes
Table of contents

$188,125

Average Base Salary

$230,320

Average Total Compensation

Min: $154K
Max: $211K
Base Salary
Median: $200K
Mean (Average): $188K
Data points: 8
Min: $153K
Max: $316K
Total Compensation
Median: $212K
Mean (Average): $230K
Data points: 8
The average base salary for a Product Manager at Mckinsey & Company is $188,125
based on 8 data points.
Adjusting the average for more recent salary data points, the average recency weighted base salary is $190,007.

The estimated average total compensation is $230,320
based on 8 data points.
The average recency weighted total compensation is $227,400.

View the full Product Manager at Mckinsey & Company interview guide

Normalized McKinsey Product Manager Salaries


Average total compensation
0% - Low
15%85%
Cost of living
0% - Low
15%85%
Years of experience
0% - Low
15%85%

The average base salary for Product Manager at Mckinsey & Company is in the top 85% compared to all other companies salaries.

The average base salary for Product Manager at Mckinsey & Company is $188,125 while the average Product Manager base salary is $161,526.

If we normalize the salaries at Mckinsey & Company by the cost of living, then the average base salary for Product Manager at Mckinsey & Company is in the top 62% compared to all other companies.

If we normalize the salaries at Mckinsey & Company by the years of experience, then the average base salary for Product Manager at Mckinsey & Company is in the top 91% compared to all other companies.

McKinsey Product Manager Salary by Seniority Levels

Manager*
$155K
$214K
Manager
Median: $200K
Mean (Average): $189K
Data points: 3
Senior*
$179K
$202K
Senior
Median: $201K
Mean (Average): $195K
Data points: 4
Mid-Level*
$160K
Mid-Level
Median: $160K
Mean (Average): $160K
Data points: 1
Base salary
Median
Mean (Average)
* = Low confidence (less than 5 data points)

Seniority can increase the pay of a Product Manager at Mckinsey & Company. Here are the base salaries of a Product Manager at Mckinsey & Company grouped into 3 seniority categories.

McKinsey Product Manager Salary Compared to other Positions

Software Engineer
$114K
$240K
Software Engineer
Median: $200K
Mean (Average): $194K
Data points: 199
Product Manager
$154K
$211K
Product Manager
Median: $200K
Mean (Average): $188K
Data points: 8
Data Scientist
$85K
$192K
Data Scientist
Median: $133K
Mean (Average): $136K
Data points: 60
Data Engineer
$93K
$175K
Data Engineer
Median: $110K
Mean (Average): $118K
Data points: 21
Business Analyst
$85K
$174K
Business Analyst
Median: $85K
Mean (Average): $105K
Data points: 164
Data Analyst
$66K
$122K
Data Analyst
Median: $90K
Mean (Average): $93K
Data points: 77
Base salary
Median
Mean (Average)
* = Low confidence (less than 5 data points)

Most data science positions fall under different position titles depending on the actual role.

From the graph we can see that on average the Software Engineer role pays the most with a $194,236 base salary while the Data Analyst role on average pays the least with a $92,851 base salary.

Top Cities for McKinsey Product Manager Salaries

New York, NY*
$200K
$214K
New York, NY
Median: $200K
Mean (Average): $205K
Data points: 3
Boston, MA*
$160K
Boston, MA
Median: $160K
Mean (Average): $160K
Data points: 1
Seattle, WA*
$150K
Seattle, WA
Median: $150K
Mean (Average): $150K
Data points: 1
Base salary
Median
Mean (Average)
* = Low confidence (less than 5 data points)

The Product Manager salary in New York, NY is the highest paying salary with a $205,333 average base salary. The Product Manager salary in Seattle, WA is the lowest paying salary with $150,000 average base salary.

McKinsey Product Manager Salary Compared to other Companies

Netflix
$226K
$725K
Netflix
Median: $500K
Mean (Average): $481K
Data points: 25
Albertsons
$175K
$400K
Albertsons
Median: $300K
Mean (Average): $271K
Data points: 25
Roku Inc.
$187K
$314K
Roku Inc.
Median: $275K
Mean (Average): $264K
Data points: 14
Credit Karma
$193K
$341K
Credit Karma
Median: $250K
Mean (Average): $257K
Data points: 17
Palo Alto Networks
$144K
$279K
Palo Alto Networks
Median: $210K
Mean (Average): $215K
Data points: 33
Hashicorp
$149K
$287K
Hashicorp
Median: $223K
Mean (Average): $215K
Data points: 16
Meta
$150K
$284K
Meta
Median: $210K
Mean (Average): $213K
Data points: 793
Uipath - Robotic Process Automation
$187K
$244K
Uipath - Robotic Process Automation
Median: $215K
Mean (Average): $213K
Data points: 5
Airbnb
$175K
$261K
Airbnb
Median: $210K
Mean (Average): $213K
Data points: 19
Bloomberg Lp
$126K
$331K
Bloomberg Lp
Median: $185K
Mean (Average): $208K
Data points: 14
Dropbox
$163K
$270K
Dropbox
Median: $198K
Mean (Average): $208K
Data points: 20
Box
$152K
$275K
Box
Median: $200K
Mean (Average): $207K
Data points: 24
Wework
$134K
$310K
Wework
Median: $185K
Mean (Average): $202K
Data points: 9
Upwork
$168K
$230K
Upwork
Median: $206K
Mean (Average): $201K
Data points: 6
Mckinsey & Company
$154K
$211K
Mckinsey & Company
Median: $200K
Mean (Average): $188K
Data points: 8
Base salary
Median
Mean (Average)
* = Low confidence (less than 5 data points)
1
...

The Product Manager at Netflix salary is the highest paying salary with a $481,200 average base salary. The Product Manager at Airbus Group salary is the lowest paying salary with $50,000 average base salary.
Position salary guides
McKinsey Business Analyst SalaryMcKinsey Data Analyst SalaryMcKinsey Data Engineer SalaryMcKinsey Data Scientist SalaryMcKinsey Software Engineer Salary