McKinsey Product Manager Salary

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

$185,200

Average Base Salary

$243,711

Average Total Compensation

Min: $152K
Max: $213K
Base Salary
Median: $200K
Mean (Average): $185K
Data points: 5
Min: $145K
Max: $320K
Total Compensation
Median: $270K
Mean (Average): $244K
Data points: 5
The average base salary for a Product Manager at Mckinsey & Company is $185,200
based on 5 data points.
Adjusting the average for more recent salary data points, the average recency weighted base salary is $187,853.

The estimated average total compensation is $243,711
based on 5 data points.
The average recency weighted total compensation is $245,723.

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 83% compared to all other companies salaries.

The average base salary for Product Manager at Mckinsey & Company is $185,200 while the average Product Manager base salary is $160,656.

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 89% 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*
$200K
Senior
Median: $200K
Mean (Average): $200K
Data points: 1
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
$111K
$240K
Software Engineer
Median: $197K
Mean (Average): $191K
Data points: 172
Product Manager
$152K
$213K
Product Manager
Median: $200K
Mean (Average): $185K
Data points: 5
Data Scientist
$84K
$192K
Data Scientist
Median: $132K
Mean (Average): $133K
Data points: 54
Data Engineer
$93K
$175K
Data Engineer
Median: $110K
Mean (Average): $118K
Data points: 21
Business Analyst
$85K
$160K
Business Analyst
Median: $85K
Mean (Average): $100K
Data points: 152
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 $190,525 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): $274K
Data points: 24
Roku Inc.
$186K
$316K
Roku Inc.
Median: $270K
Mean (Average): $263K
Data points: 13
Credit Karma
$189K
$332K
Credit Karma
Median: $245K
Mean (Average): $250K
Data points: 12
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
Meta
$147K
$278K
Meta
Median: $208K
Mean (Average): $211K
Data points: 726
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
Palo Alto Networks
$137K
$275K
Palo Alto Networks
Median: $200K
Mean (Average): $206K
Data points: 23
Wework
$134K
$310K
Wework
Median: $185K
Mean (Average): $202K
Data points: 9
Splunk
$133K
$288K
Splunk
Median: $185K
Mean (Average): $197K
Data points: 17
Stripe
$118K
$288K
Stripe
Median: $190K
Mean (Average): $197K
Data points: 6
Mckinsey & Company
$152K
$213K
Mckinsey & Company
Median: $200K
Mean (Average): $185K
Data points: 5
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.
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