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Product Manager Average Salary in Spain 2024

How much money does a person working as Product Manager make in Spain?


Average Monthly Salary
3,810 EUR
( 45,700 EUR yearly)

LOW
1,830
EUR
AVERAGE
3,810
EUR
HIGH
5,980
EUR
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Product Manager in Spain typically earns around 3,810 EUR. Salaries range from 1,830 EUR (lowest) to 5,980 EUR (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Product Manager salaries in Spain vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Product Manager Pay Scale and Salaries in Spain

Median and salary distribution Spain Product Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
3,560 EUR or more
10% of people earn
3,130 to 3,560 EUR
20% of people earn
2,200 EUR or less
65% of people earn
2,200 to 3,130 EUR
Minimum Salary
1,830 EUR
Median
3,580 EUR
Maximum
5,980 EUR




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Product Manager in Spain range from 1,830 EUR (starting salary) to 5,980 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 3,580 EUR, half of the professionals who work as Product Manager in Spain earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Product Manager in Spain earn less than 2,910 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 4,110 EUR while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Product Manager in Spain compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 2,200 EUR to 3,130 EUR. About 20% of salaries are below the 2,200 EUR mark, while 10% fall within the range of 3,130 EUR to 3,560 EUR. Only 5% of individuals have salaries exceeding 3,560 EUR.

Salary Comparison by Years of Experience / Product Manager / Spain

How do experience and age affect pay?

0 - 2 Years
2,140 EUR
2 - 5 Years+42%
3,030 EUR
5 - 10 Years+31%
3,990 EUR
10 - 15 Years+23%
4,900 EUR
15 - 20 Years+6%
5,210 EUR
20+ Years+10%
5,710 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Spain Product Manager
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Product Manager and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 2,140 EUR.

While someone with an experience level between two and five years is expected to earn 3,030 EUR, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 3,990 EUR, 31% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,900 EUR, 23% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 5,210 EUR, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 5,710 EUR, 10% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Product Manager / Spain

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Product Manager.

High School
2,660 EUR
Certificate or Diploma+16%
3,070 EUR
Bachelor's Degree+46%
4,480 EUR
Master's Degree+23%
5,520 EUR
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Spain Product Manager
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Product Manager in order to make a comparison.


Level 1: High School

Employees at this education level have an average salary of 2,660 EUR.


Level 2: Certificate or Diploma

At this level, the average salary becomes 3,070 EUR, 16% more than the previous level.


Level 3: Bachelor's Degree

At this level, the average salary becomes 4,480 EUR, 46% more than the previous level.


Level 4: Master's Degree

At this level, the average salary becomes 5,520 EUR, 23% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Spain costs anywhere from 13,600 EUR to 40,900 EUR and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Product Manager / Spain

Salary comparison by gender Spain Product Manager monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Product Manager in Spain, the average difference between the salary of male and female employees is 5%.

Male
3,900 EUR
Female-4%
3,730 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Spain for all Careers

Salary comparison by gender monthly Spain
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Average Annual Salary Increment Percentage / Product Manager / Spain

How much are annual salary increments in Spain for individuals working as Product Manager? How often do employees get salary raises?

Individuals working as Product Manager in Spain are likely to observe a salary increase of approximately 12% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

Annual Salary Increment Rate Spain Product Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Spain / All Professions

Annual Salary Increment Rate Spain
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in Spain is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Product Manager / Spain

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Spain Product Manager
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17% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 83% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
83%
No Bonus
17%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Product Manager / Spain


22 EUR per hour

The average hourly wage (pay per hour) for individuals working as Product Manager in Spain is 22 EUR.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Product Manager in Spain is 11 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Marketing-100%
Account Handler2,380 EUR-37%
Affiliate Manager3,030 EUR-20%
Affiliate Marketing Manager4,180 EUR+10%
Affiliate Marketing Specialist2,800 EUR-26%
Analytics Specialist2,260 EUR-41%
Assistant Brand Manager3,160 EUR-17%
Assistant Product Manager3,340 EUR-12%
Associate Marketing Manager3,590 EUR-6%
Associate Product Manager3,640 EUR-4%
Blockchain Marketing Specialist3,110 EUR-18%
Brand Ambassador4,020 EUR+6%
Brand Director5,250 EUR+38%
Brand Executive4,660 EUR+22%
Brand Manager4,600 EUR+21%
Business Analytics Specialist2,310 EUR-39%
Business Channel Manager3,150 EUR-17%
Business Intelligence Team Leader3,190 EUR-16%
Campaign Specialist3,060 EUR-20%
Chief Content Officer3,650 EUR-4%
Chief Digital Marketing Officer4,720 EUR+24%
Chief Marketing Officer 4,940 EUR+30%
Chief Product Officer4,440 EUR+17%
Communications Officer1,690 EUR-56%
Content Manager2,760 EUR-28%
Content Marketing Strategist2,920 EUR-23%
Copy Editer2,020 EUR-47%
Copy Writer2,030 EUR-47%
Creative Marketing Lead3,080 EUR-19%
Creative Writer1,990 EUR-48%
Digital Marketer2,820 EUR-26%
Digital Marketing Manager3,810 EUR+0%
Digital Marketing Specialist2,880 EUR-24%
Digital Marketing Strategist 3,740 EUR-2%
Digital Media Specialist3,230 EUR-15%
Director of Marketing4,980 EUR+31%
Director of Research3,690 EUR-3%
Email Marketing Specialist2,540 EUR-33%
eMarketing Manager4,070 EUR+7%
Event Marketing3,820 EUR+0%
Experiential Marketing Manager4,290 EUR+13%
Gamification Marketer2,360 EUR-38%
Head of Executive Search4,220 EUR+11%
Internet Marketer2,730 EUR-28%
Key Affiliate Manager3,740 EUR-2%
Localization Manager3,510 EUR-8%
Market Development Executive3,760 EUR-1%
Market Development Manager4,060 EUR+7%
Market Research Analyst3,360 EUR-12%
Market Research Manager3,650 EUR-4%
Market Segmentation Director3,700 EUR-3%
Marketing Account Supervisor3,040 EUR-20%
Marketing Administrator2,420 EUR-36%
Marketing Advisor2,960 EUR-22%
Marketing Analyst3,110 EUR-18%
Marketing and Communications Officer1,790 EUR-53%
Marketing and Sales Head4,760 EUR+25%
Marketing Assistant1,820 EUR-52%
Marketing Associate1,750 EUR-54%
Marketing Automation Specialist3,190 EUR-16%
Marketing Communications Manager3,470 EUR-9%
Marketing Consultant3,640 EUR-4%
Marketing Coordinator1,620 EUR-57%
Marketing Data Analyst2,970 EUR-22%
Marketing Director4,990 EUR+31%
Marketing Distribution Executive3,810 EUR+0%
Marketing Executive3,790 EUR-0%
Marketing Manager5,150 EUR+35%
Marketing Officer1,760 EUR-54%
Marketing Segment Manager3,500 EUR-8%
Marketing Specialist2,610 EUR-31%
Marketing Supervisor2,930 EUR-23%
Marketing Vice President3,880 EUR+2%
Marketing Writer2,070 EUR-46%
Mobile Marketing Specialist3,250 EUR-15%
Online Marketing Analyst2,850 EUR-25%
Online Marketing Manager3,510 EUR-8%
Optimization Manager3,190 EUR-16%
Outbound Sales2,310 EUR-39%
Outreach Coordinator2,130 EUR-44%
Outreach Specialist2,710 EUR-29%
Podcast Specialist2,830 EUR-26%
Product Development3,320 EUR-13%
Product Manager3,810 EUR+0%
Product Marketing Engineer2,120 EUR-44%
Product Marketing Executive3,510 EUR-8%
Product Marketing Manager3,580 EUR-6%
Product Researcher2,050 EUR-46%
Product Strategist2,950 EUR-23%
Product Strategy Researcher2,800 EUR-26%
Product Training Specialist2,430 EUR-36%
Project Manager3,040 EUR-20%
Publications Coordinator1,840 EUR-52%
Research Executive3,500 EUR-8%
Sales and Marketing Assistant1,650 EUR-57%
Sales and Marketing Coordinator1,800 EUR-53%
Sales and Marketing Director4,940 EUR+30%
Sales Director4,720 EUR+24%
Sales Management Support1,770 EUR-54%
Sales Manager4,450 EUR+17%
Search Marketing Strategist4,190 EUR+10%
Social Media Administrator2,730 EUR-28%
Social Media Specialist2,710 EUR-29%
Spaceman Analyst1,680 EUR-56%
Sponsorship Consultant2,720 EUR-29%
Team Leader2,820 EUR-26%
Telemarketer1,510 EUR-60%
TikTok marketer3,360 EUR-12%
Trade Marketing Executive3,690 EUR-3%
Trade Marketing Manager3,720 EUR-2%
Trade Marketing Professional3,030 EUR-20%
Trade Marketing Specialist2,220 EUR-42%
Video Marketing Specialist3,460 EUR-9%
Web Analytics Manager3,250 EUR-15%
Web Content Manager3,220 EUR-15%
Webinar Marketing Specialist3,080 EUR-19%

Salary Comparison By City

CityAverage Salary
Barcelona4,450 EUR
Madrid4,220 EUR
Palma de Mallorca3,700 EUR

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Spain is 5% on average across all career fields.

Private Sector
2,660 EUR
Public Sector+5%
2,780 EUR
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Product Manager in Spain?

A good and competitive compensation would range anywhere between 3,580 EUR and 4,110 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Product Manager in Spain ranges from 1,830 EUR to 2,910 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


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