Average Director of Product Management Salary in Mexico for 2024

In this article, we will look at the average Director of Product Management salary for 2024 in Mexico and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Mexican peso. To keep things simple, we are using the MXN currency code instead of the currency symbol $.

How Much Does a Director of Product Management Make in Mexico?

A Director of Product Management working in Mexico will typically earn around 615,700 MXN per year, and this can range from the lowest average salary of about 290,800 MXN to the highest average salary of 971,200 MXN.

Average Annual Salary
615,700 MXN
Average Monthly Salary
51,308 MXN

Lowest Annual Salary
290,800 MXN
Lowest Monthly Salary
24,233 MXN

Highest Annual Salary
971,200 MXN
Highest Monthly Salary
80,933 MXN

These are average salaries for a Director of Product Management in Mexico and include benefits such as housing and transport. It's also possible for a Director of Product Management to earn more or less than the average salaries shown above.

Director of Product Management salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Director of Product Management Salaries in Mexico

So we've looked at the average salaries a Director of Product Management will earn in Mexico. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Director of Product Management can earn between 290,800 MXN and 971,200 MXN on average in Mexico. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Director of Product Management in Mexico is 650,700 MXN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 650,700 MXN, and 50% of the population earn more than 650,700 MXN.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Director of Product Management salary in Mexico, 25% of the population are earning less than 424,300 MXN while 75% of the population earn more than 424,300 MXN.

75% of the population earn less than 861,300 MXN, and 25% of the population earn more than 861,300 MXN.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Director of Product Management Salary by Experience Level in Mexico

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average director of product management salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Director of Product Management in Mexico that has less than two years of experience can expect to earn somewhere in the region of 332,100 MXN.
  • 2 - 5 Years Experience. With two to five years of experience the average Director of Product Management salary would increase to 459,300 MXN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Director of Product Management, the average salary would be 653,200 MXN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 798,900 MXN.
  • 15 - 20 Years Experience. A Director of Product Management with 15 to 20 years of experience can earn an average of 843,600 MXN.
  • 20+ Years Experience. For a Director of Product Management with more than 20 years, the expected average salary increases to 919,700 MXN.

Average Salary by Experience Chart

0-2 Years
332,100 MXN
2-5 Years +38%
459,300 MXN
5-10 Years +42%
653,200 MXN
10-15 Years +22%
798,900 MXN
15-20 Years +6%
843,600 MXN
20+ Years +9%
919,700 MXN

Director of Product Management Salary by Education Level in Mexico

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Director of Product Management in Mexico based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Director of Product Management in Mexico with a high school education can earn an average salary of 412,000 MXN.

  • Certificate or Diploma. A Director of Product Management in Mexico with a certificate or diploma education can earn an average salary of 480,600 MXN.

  • Bachelor's Degree. A Director of Product Management in Mexico with a bachelor's degree education can earn an average salary of 699,700 MXN.

  • Master's Degree. A Director of Product Management in Mexico with a master's degree education can earn an average salary of 919,700 MXN.

Average Salary by Education Chart

High School
412,000 MXN
Certificate or Diploma +17%
480,600 MXN
Bachelor's Degree +45%
699,700 MXN
Master's Degree +31%
919,700 MXN

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Mexico is around 166,000 to 498,000 MXN and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Director of Product Management Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Mexico, a male director of product management will earn an average of 653,200 MXN, while a female director of product management will earn around 583,000 MXN.

This means that a male director of product management earns approximately 12% more than a female director of product management for performing the same job.

Average Salary by Gender Chart in Mexico

Male
653,200 MXN
Female -12%
583,000 MXN

Director of Product Management Average Pay Raise in Mexico

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Director of Product Management in Mexico is around 13% every 17 months.

The national average pay raise across all professions and industries in Mexico is around 8% every 18 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 13 ÷ 17 ) × 12  = 9%

What this means is that a Director of Product Management in Mexico can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Mexico for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Mexico.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Director of Product Management Bonus and Incentive Rates in Mexico

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Director of Product Management is a high bonus based job, with 83% of employees reporting at least one bonus in the last 12 months.

17% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 5% to 9%.

Received Bonus
83%
No Bonus
17%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Mexico earn approximately 8% more than private sector employees in the same role.

Public Sector
415,900 MXN
Private Sector -8%
384,200 MXN

Salaries for Jobs Similar to a Director of Product Management

In the table below, we have salary information for jobs that are similar to a Director of Product Management in Mexico.

Job Title Category Salary
Account Coordinator Executive and Management 384,200 MXN
Account Director Executive and Management 430,500 MXN
Account Executive Executive and Management 442,300 MXN
Account Manager Executive and Management 424,900 MXN
Administration Manager Executive and Management 447,700 MXN
Administration Officer Executive and Management 247,800 MXN
Administration Supervisor Executive and Management 366,200 MXN
Administrative Clerk Executive and Management 180,300 MXN
Administrative Officer Executive and Management 183,600 MXN
Area Director Executive and Management 420,800 MXN
Area Manager Executive and Management 433,400 MXN
Asset Protection Associate Executive and Management 472,000 MXN
Assistant Director Executive and Management 480,300 MXN
Assistant General Manager Executive and Management 501,400 MXN
Assistant Manager Executive and Management 510,000 MXN
Assistant Managing Director Executive and Management 566,900 MXN
Assistant Operations Manager Executive and Management 518,300 MXN
Assistant Project Manager Executive and Management 466,300 MXN
Assistant Section Head Executive and Management 377,200 MXN
Assistant to CEO Executive and Management 444,300 MXN
Assistant Vice President Executive and Management 475,700 MXN
Associate Account Director Executive and Management 475,700 MXN
Associate Director Executive and Management 457,300 MXN
Bid Manager Executive and Management 541,700 MXN
Branch Manager Executive and Management 496,100 MXN
Business Development Manager Executive and Management 556,000 MXN
Business Operations Associate Executive and Management 467,100 MXN
Business Operations Lead Executive and Management 502,200 MXN
Campaign Manager Executive and Management 543,200 MXN
Catering Coordinator Executive and Management 288,700 MXN
Catering Manager Executive and Management 472,100 MXN
CEO Executive and Management 904,700 MXN
Chairman of The Board Executive and Management 889,400 MXN
Chairman Office Manager Executive and Management 547,800 MXN
Chief Commercial Officer Executive and Management 669,100 MXN
Chief Corporate Officer Executive and Management 728,500 MXN
Chief Executive Officer Executive and Management 902,100 MXN
Chief Financial Officer Executive and Management 854,300 MXN
Chief Investment Officer Executive and Management 695,400 MXN
Chief of Staff Executive and Management 417,200 MXN
Chief Operating Officer Executive and Management 702,800 MXN
Chief Risk Officer Executive and Management 580,600 MXN
Client Account Manager Executive and Management 548,800 MXN
Client Accounts Officer Executive and Management 431,300 MXN
Client Services Manager Executive and Management 590,200 MXN
Commercial Director Executive and Management 615,300 MXN
Commercial Manager Executive and Management 525,700 MXN
Commercial Project Manager Executive and Management 487,600 MXN
Commodity Broker Executive and Management 383,300 MXN
COO Executive and Management 705,500 MXN
Corporate Affairs Executive Executive and Management 514,300 MXN
Corporate Compliance Director Executive and Management 571,300 MXN
Corporate Director Executive and Management 626,800 MXN
Corporate Officer Executive and Management 428,400 MXN
Corporate Partnerships Officer Executive and Management 433,800 MXN
Country Manager Executive and Management 712,100 MXN
Department Head Executive and Management 535,800 MXN
Department Manager Executive and Management 556,000 MXN
Department Supervisor Executive and Management 453,200 MXN
Deputy Director Executive and Management 606,400 MXN
Deputy Manager Executive and Management 658,300 MXN
Director Executive and Management 683,400 MXN
Director of Accreditation Executive and Management 592,200 MXN
Director of Catering Services Executive and Management 553,800 MXN
Director of Client Services Executive and Management 581,300 MXN
Director of Facilities Management Executive and Management 476,600 MXN
Director of Operations Executive and Management 623,200 MXN
Director of Process Simplification Executive and Management 489,600 MXN
Director of Project Management Executive and Management 648,200 MXN
Director of Revenue Management Executive and Management 524,300 MXN
Director of Training and Development Executive and Management 548,800 MXN
Distribution Manager Executive and Management 608,500 MXN
Division Manager Executive and Management 547,800 MXN
Duty Manager Executive and Management 510,200 MXN
Engagement Manager Executive and Management 660,500 MXN
Executive Director Executive and Management 913,400 MXN
Executive Manager Executive and Management 731,700 MXN
Franchise Manager Executive and Management 744,600 MXN
General Manager Executive and Management 679,200 MXN
Global Master Data Manager Executive and Management 596,100 MXN
Global Technical Lead Executive and Management 401,300 MXN
Head of Investment Executive and Management 628,000 MXN
Head of Middle Office Executive and Management 558,300 MXN
Head of Projects Executive and Management 620,300 MXN
Head of Strategy Executive and Management 683,400 MXN
Head of Supply Chain Executive and Management 524,400 MXN
Head of Sustainability Executive and Management 500,100 MXN
Housing Manager Executive and Management 487,600 MXN
HSE Manager Executive and Management 501,400 MXN
Key Account Manager Executive and Management 478,000 MXN
Knowledge Manager Executive and Management 571,300 MXN
Location Manager Executive and Management 535,900 MXN
Logistics Executive Executive and Management 472,100 MXN
Logistics Manager Executive and Management 483,800 MXN
Management Consultant Executive and Management 478,000 MXN
Management Executive Executive and Management 670,600 MXN
Manager Executive and Management 572,200 MXN
Managing Director Executive and Management 752,600 MXN
MIS Executive Executive and Management 595,300 MXN
Ocean Services Manager Executive and Management 603,400 MXN
Operational Manager Executive and Management 623,700 MXN
Operations Analyst Executive and Management 510,000 MXN
Operations Assistant Executive and Management 455,400 MXN
Operations Director Executive and Management 643,800 MXN
Operations Executive Executive and Management 641,900 MXN
Operations Manager Executive and Management 663,100 MXN
Operations Supervisor Executive and Management 543,200 MXN
Planning Director Executive and Management 626,800 MXN
PMO Manager Executive and Management 580,600 MXN
Policy Administration Executive Executive and Management 518,300 MXN
Private Sector Executive Executive and Management 520,900 MXN
Product Development Manager Executive and Management 592,600 MXN
Product Executive Executive and Management 535,800 MXN
Production Executive Executive and Management 620,300 MXN
Production Manager Executive and Management 619,000 MXN
Production Supervisor Executive and Management 510,000 MXN
Program Director Executive and Management 598,600 MXN
Program Manager Executive and Management 625,000 MXN
Programme Coordinator Executive and Management 428,400 MXN
Project Control Manager Executive and Management 628,000 MXN
Project Coordinator Executive and Management 361,500 MXN
Project Management Officer Executive and Management 424,300 MXN
Project Manager Executive and Management 433,400 MXN
Project Portfolio Manager Executive and Management 499,300 MXN
Quality Manager Executive and Management 485,200 MXN
R/D Director Executive and Management 528,500 MXN
Regional Director Executive and Management 860,300 MXN
Regional Manager Executive and Management 638,700 MXN
Relationship Manager Executive and Management 582,700 MXN
Retail District Manager Executive and Management 433,400 MXN
Revenue Manager Executive and Management 472,100 MXN
Risk and Capital Manager Executive and Management 671,000 MXN
Risk Officer Executive and Management 466,900 MXN
Safety Manager Executive and Management 430,500 MXN
Section Head Executive and Management 471,700 MXN
Service Manager Executive and Management 467,100 MXN
Shift Supervisor Executive and Management 381,800 MXN
Solutions Manager Executive and Management 420,800 MXN
Supervisor Executive and Management 378,300 MXN
Supply Chain Manager Executive and Management 612,500 MXN
Surveyor Executive and Management 433,800 MXN
Technical Director Executive and Management 590,200 MXN
Technical Manager Executive and Management 563,300 MXN
Territory Manager Executive and Management 608,500 MXN
Validation Manager Executive and Management 513,300 MXN
Vice President Executive and Management 695,400 MXN
Zone Manager Executive and Management 623,700 MXN

Salary Comparison by City

If you want to compare salaries with different cities in Mexico, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Acapulco 719,100 MXN
Acuna 587,800 MXN
Aguascalientes 719,100 MXN
Boca del Rio 516,100 MXN
Buenavista 556,000 MXN
Campeche 562,200 MXN
Cancun 737,000 MXN
Celaya 615,000 MXN
Chalco 544,800 MXN
Chetumal 522,700 MXN
Chicoloapan 524,400 MXN
Chihuahua 744,600 MXN
Chilpancingo 571,300 MXN
Chimalhuacan 701,400 MXN
Cholula de Rivadabia 568,500 MXN
Ciudad Apodaca 643,800 MXN
Ciudad del Carmen 537,300 MXN
Ciudad Juarez 496,100 MXN
Ciudad Lopez Mateos 663,100 MXN
Ciudad Obregon 659,200 MXN
Ciudad Santa Catarina 619,800 MXN
Ciudad Valles 472,100 MXN
Ciudad Victoria 618,800 MXN
Coacalco 639,900 MXN
Coatzacoalcos 553,400 MXN
Colima 493,000 MXN
Cordoba 480,300 MXN
Cuautitlan Izcalli 656,800 MXN
Cuautla 498,500 MXN
Cuernavaca 663,100 MXN
Culiacan 751,100 MXN
Delicias 504,400 MXN
Durango 679,200 MXN
Ecatepec de Morelos 799,300 MXN
Ensenada 592,200 MXN
Fresnillo 485,200 MXN
General Escobedo 663,200 MXN
Gomez Palacio 595,300 MXN
Guadalajara 758,700 MXN
Guadalupe 724,000 MXN
Guaymas 444,300 MXN
Hermosillo 721,600 MXN
Hidalgo del Parral 466,300 MXN
Iguala 492,400 MXN
Irapuato 681,900 MXN
Ixtapaluca 615,300 MXN
Jiutepec 537,300 MXN
La Paz 582,700 MXN
Leon 739,500 MXN
Los Mochis 583,000 MXN
Los Reyes la Paz 605,700 MXN
Manzanillo 476,600 MXN
Matamoros 669,100 MXN
Mazatlan 667,400 MXN
Merida 701,400 MXN
Metepec 558,300 MXN
Mexicali 746,600 MXN
Mexico City 757,300 MXN
Minatitlan 459,300 MXN
Monclova 587,800 MXN
Monterrey 767,400 MXN
Morelia 670,600 MXN
Naucalpan 772,700 MXN
Navojoa 459,300 MXN
Nezahualcoyotl 768,900 MXN
Nogales 533,000 MXN
Nuevo Laredo 638,700 MXN
Oaxaca 576,500 MXN
Ojo de Agua 608,500 MXN
Orizaba 475,700 MXN
Pachuca 595,300 MXN
Piedras Negras 510,000 MXN
Playa del Carmen 491,000 MXN
Poza Rica 553,800 MXN
Puebla 802,400 MXN
Puerto Vallarta 538,600 MXN
Queretaro 684,900 MXN
Reynosa 727,100 MXN
Salamanca 514,300 MXN
Saltillo 762,400 MXN
San Cristobal de las Casas 562,200 MXN
San Juan del Rio 472,100 MXN
San Luis Potosi 699,700 MXN
San Luis Rio Colorado 499,300 MXN
San Nicolas de los Garza 681,500 MXN
San Pablo de las Salinas 524,700 MXN
San Pedro Garza Garcia 467,700 MXN
Soledad de Graciano Sanchez 598,600 MXN
Tampico 633,100 MXN
Tapachula 552,400 MXN
Tehuacan 585,900 MXN
Tepic 615,700 MXN
Tijuana 762,400 MXN
Tlalnepantla de Baz 725,700 MXN
Tlaquepaque 681,900 MXN
Toluca 694,700 MXN
Tonala 633,300 MXN
Torreon 717,900 MXN
Tuxtla Gutierrez 692,500 MXN
Uruapan 623,700 MXN
Veracruz 692,500 MXN
Villa Nicolas Romero 627,900 MXN
Villahermosa 639,900 MXN
Xalapa 672,600 MXN
Xico 641,900 MXN
Zacatecas 501,400 MXN
Zamora de Hidalgo 480,300 MXN
Zapopan 743,300 MXN

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