Mitchsuch -
Great questions. You should definitely be thinking about W/L balance as well as salary. Luckily, product management is a great and growing function for post-MBA jobs that pays pretty well.
Some facts for you to consider (check out our site:
https://www.transparentmba.com for more info - it's free)
- Salary avg: $125K
- Bonus avg: $15K
- Other comp: $73 (includes stock options, relo bonus)
- Hours worked ranges from 40-55 (Apple and Amazon on the higher end, others mostly <50)
- Travel %: 10-15% average (Apple, Amazon around there)
And the best part - impact of work and satisfaction scores are really above average (~8/10 for many top firms). No wonder MBA grads from top schools are flocking to PM roles.
Good luck!
Kevin