Product Manager Salary in Madrid, Spain
Product manager earnings in Madrid are around €41,000 annually. Telefónica and other startups offer mid‑level product managers salary packages. Salaries are influenced by living costs.
Salary by experience level
Entry-level (0-2 years)
Salary range (per year)
€29,000 to €35,500
Average (per year)
€32,300
Entry positions attract talent from Madrid's university graduates and offer structured training.
Mid-level (3-5 years)
Salary range (per year)
€35,750 to €46,000
Average (per year)
€41,000
Mid-level roles are found in Usera's logistics and retail technology firms.
Senior (6-9 years)
Salary range (per year)
€46,000 to €58,750
Average (per year)
€52,500
Senior managers oversee larger product teams, especially in established companies with operations in Usera.
Principal/Lead (10+ years)
Salary range (per year)
€58,750+
Principal roles are present in multinational offices in the district.
Hourly Rates
For freelance or contract work, hourly rates are typically higher than equivalent salaried positions.
Junior
€17 - €24
per hour
Mid-level
€25 - €33
per hour
Senior
€34 - €46
per hour
Compared with Spain's average of €38,000, Madrid offers a modest premium for product managers.