How much salary does a Product Manager makes on an average in Toronto?

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I believe it is just under 95k annually, on average

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Depends. The big banks usually are in the 95-100k max plus bonus for SR. PM roles. I found that I could negotiate more outside of the banks. 120k average was attainable. The more experienced you are the better, higher the range.
What is your YOE?

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If you are trying outside banks, you can test waters and ask for 118-125k range.

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