{ "media_type": "text", "post_content": "Trying to guage my current compensation and if I lowballed myself when taking the offer.\n\nJust started as a product manager with 2 years of other experience (coordinator, specialist, and associate) at 85K in Michigan. \n\nDifferent organizations lay differently given their location and size but let me know your thoughts!", "post_id": "61e601d494cc76002c623522", "reply_count": 8, "vote_count": 2, "bowl_id": "5d27c2f046b581001b2fae8f", "bowl_name": "Product Management", "feed_type": "bowl" }

Trying to guage my current compensation and if I lowballed myself when taking the offer. Just started as a product manager with 2 years of other experience (coordinator, specialist, and associate) at 85K in Michigan. Different organizations lay differently given their location and size but let me know your thoughts!

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There are so many factors that could make this good or bad, but in general, 85K in Michigan seems reasonable, but not high. There isn’t a particularly robust tech scene currently (very general statement) and you’re in a LCOL area, so salaries are going to be lower than other areas with higher competition for talent. You’ll hear much higher salaries for PM roles, but they’re mostly in Silicon Valley, NYC, Seattle, or Boston, which are the most expensive markets to acquire tech talent. Even in those locations, it’s typically only a handful of companies that truly pay the crazy salaries you’ll hear about. I’m at 9 YOE and make about $185K all in at a tech company in Chicago. That’s decently high for Chicago.

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I think that's the better approach OP and it'll be an easier convo once you're there - lots of places are doing this where the starting offer is a bit on the lower side and then it's bumped up once they see how you work

Seems fair based on the area you’re in and YOE.

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It depends on where you live, YOE, and how the company is funded. I started at $78k as a full PM over 3 years ago. It was a small bootstrapping, but a very stable company with a great culture that was growing. Now I make $115 since the revenue target is much higher and the company is much larger. Some startups will pay six figures for no experience because they have funding to do so for the time being... until that bubble bursts. SF definitely pays more due to higher costs of living, competition, and plenty of VC capital. Unless you are FAANG, almost all companies go through cycles. Companies may pay six figures for zero YOE, but its a risk--either they will fail, sell, or if they pursue growth, they will begin to seek talent at lower-cost regions such as India or Eastern Europe. Remember, when interest rates rise, the company balance sheet is incredibly important. Does the company have a product and are they making money? Are they a one-trick pony i.e. Peloton, DocuSign who won't be able to live up to the growth hype? Peloton, DocuSign will be fine because they have products they can still sell even though growth won't be as dramatic as their overvaluation. However, heavily debted companies will either have to downsize or liquidate to pay their bills.

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Super insightful, thank you!

Sheesh, yeah that's pretty low. People starting off at sixe figures with 0 years of experience

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