Associate Product Manager Salary in Richfield, Minnesota

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Average Salary for Associate Product Manager in Richfield, Minnesota

The average salary of a(n) Associate Product Manager in Richfield, Minnesota is $74,184.

The average hourly rate of a(n) Associate Product Manager in Richfield, Minnesota is $35.67.

The average bonus of a(n) Associate Product Manager in Richfield, Minnesota is $3,309.00.

Job Description:

Provides product management and marketing support in accordance with the strategy developed by the Product Manager. Assists in managing the research and development staff and programs with improvement and cost reduction ideas and the introduction of products, processes, and services. Assists in the development of the marketing plan of the product, processes, and services. Recommends potential of new, or ways to improve existing, products, processes, and services. Researches products, processes, and/or services of comparable competitors. Reviews and evaluates research results and makes appropriate recommendations to management. Tracks and evaluates product performance. Manages individual product-focused projects (prioritization of engineering work, product definitions, etc.) and inventory management and control in conjunction with operations. Develops and recommends specific marketing objectives and forecast for products or processes. Manages the execution of authorized marketing programs to achieve or exceed sales volume and profit margin requirements. Keeps up-to-date in new developments in the field. Analyzes and reports data patterns which affect the marketing of the products, processes, or services. Makes recommendations to enhance the functionality and profitability of the products, processes, or services. Keeps management informed of product updates and on progress of projects. Develops and monitors project budgets and schedules. Controls research expenditures within approved budget limitations. Reviews and evaluates research results. Prepares reports on progress and recommends the addition, expansion, or discontinuance of projects or programs. Develops and maintains relationships with management and sales representatives. May manage activities that are directly related to the product, including sales and customer support. May recruit, hire, and train department staff, evaluate staff performance, and develop goals and objectives for staff.7 Less

Provides product management and marketing support in accordance with the strategy developed by the Product Manager. Assists in managing the research and development staff and programs with improvement and cost reduction ideas and the introduction of products, processes, and services.... More

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