Salary growth 2022 → 2024
Median mid-level PM (gross / month)
Working remote or hybrid
Respondents who are women (2024)
Salary by seniority
Median gross monthly salary in EUR, with the change since the 2022 survey wave. The steepest movement is at the entry level: junior product managers gained 51% as demand for product roles spread beyond the largest tech employers.
Junior PM
+51% since 2022Mid-level PM
+22% since 2022Senior PM
+18% since 2022Lead PM
0% since 2022Head of Product / Director
+7% since 2022| Level | Median gross / month | Change vs 2022 |
|---|---|---|
| Junior PM | €1,285 | +51% |
| Mid-level PM | €2,200 | +22% |
| Senior PM | €3,300 | +18% |
| Lead PM | €3,500 | 0% |
| Head of Product / Director | €4,500 | +7% |
Pay gap by gender
Across all levels women report 8–10% lower pay than men, averaging €2,804 against €3,110. The gap narrows at Lead level (6%) and is widest at Head of / Director (13%). The encouraging shift: half of 2024 respondents were women.
| Level | Men | Women | Gap |
|---|---|---|---|
| Junior PM | €1,350 | €1,220 | -10% |
| Mid-level PM | €2,300 | €2,100 | -9% |
| Senior PM | €3,500 | €3,100 | -11% |
| Lead PM | €3,600 | €3,400 | -6% |
| Head of Product / Director | €4,800 | €4,200 | -13% |
Domestic vs foreign employers
Company type is the single largest driver of pay after seniority.
- Domestic company
- €2,200
- Foreign company
- €3,300
Domestic medians grew faster (+29% vs +18%), so the relative gap is closing even as the absolute difference stays around €1,100 per month.
Work model
Only 17% of product people in Serbia work full-time from an office.
- Hybrid48%
- Remote35%
- Office only17%
What the role now includes
Pay moved because the job moved. Between 2022 and 2024 respondents reported taking on far more strategy and measurement work, and less hands-on market research.
- → Defining vision and strategy +17%
- → Defining and tracking metrics +14%
- → Solution ideation +8%
- → Market research -6%
How to use these benchmarks
If you're negotiating
Anchor on the median for your level and company type, not the national average. Moving from a domestic to a foreign employer is worth more at the median than one seniority step at mid-level.
If you're hiring
Office-only roles compete against a market where 83% work remote or hybrid. Expect to pay a premium, or offer flexibility instead.
If you're leveling up
The biggest jump is mid-level to senior (+50%). Owning strategy and metrics — the two fastest-growing responsibilities — is what the market pays for.
Frequently asked questions about product manager pay in Serbia
How much do product managers earn in Serbia?
Median gross monthly pay is roughly €2,200 for a mid-level product manager, €3,300 for a senior PM and €4,500 at Head of Product or Director level. Junior roles sit around €1,285. Median pay across all levels grew 29% between the 2022 and 2024 survey waves.
What factors affect product manager salaries in Serbia?
Four factors explain most of the spread: seniority (the mid-to-senior step is worth about +50%), company type (foreign employers pay a median €3,300 versus €2,200 domestically), scope of ownership (roles owning strategy and metrics sit at the top of each band), and gender, where women report 6–13% lower medians at every level.
Do product owners earn the same as product managers?
Product owners generally track the mid-level PM band, with pay driven more by company type and scope of ownership than by job title. Roles that own strategy and metrics — rather than only backlog management — cluster at the top of each band.
Why do foreign companies pay more?
Foreign employers benchmark against their home markets and hire for remote-first roles, so their median sits near €3,300 versus €2,200 for domestic companies. Domestic salaries grew faster in relative terms (+29%), narrowing the gap slightly.
Is product management a good career in Serbia in 2026?
By local standards it pays well and is still growing: medians rose 29% in two years, junior pay rose 51%, and 83% of respondents work remote or hybrid, which opens access to foreign employers paying at the higher band.
How was the data collected?
The Serbian Product Community surveys product managers, product owners and product leaders working in and around Serbia. Figures are self-reported median gross monthly salaries in EUR, covering the 2022–2024 waves. The 2026 wave will be discussed live at Roadmaps.
Source
Serbian Product Community salary research
All figures come from the Serbian Product Community salary survey, run among product managers, product owners and product leaders working in and around Serbia. Values are self-reported median gross monthly salaries in EUR. The next wave will be presented and debated at Roadmaps Conference 2026 in Belgrade.