Matthews International PM Salary Guide | Compensation Overview

Introduction

Matthews International, a global provider of memorialization products and industrial technologies, has established itself as a leader in its diverse markets. As the company continues to innovate and expand, understanding the compensation structure for Product Managers (PMs) becomes crucial for both current employees and potential candidates. This comprehensive guide delves into Matthews International's PM salary landscape for 2025, offering insights into base salaries, bonuses, equity, and benefits. We'll explore how compensation varies across different PM levels, locations, and how it compares to industry standards. Whether you're a seasoned PM looking to advance your career or an aspiring product professional considering Matthews International, this guide will equip you with the knowledge to navigate the company's compensation framework and make informed career decisions.

Matthews International Product Manager Salary Overview

At Matthews International, Product Manager salaries reflect the company's commitment to attracting and retaining top talent in the memorialization and industrial technology sectors. As of 2025, the general salary range for PMs at Matthews International spans from $85,000 for entry-level positions to over $200,000 for senior roles, not including bonuses and equity compensation.

Several factors influence PM salaries at Matthews International:

1. Experience: Years in product management and relevant industry expertise
2. Performance: Individual and team contributions to product success
3. Location: Geographical differences in cost of living and labor markets
4. Education: Advanced degrees or specialized certifications
5. Specific product line or business unit

Compared to industry standards, Matthews International offers competitive compensation packages, particularly when considering the total rewards including benefits and work-life balance initiatives. While base salaries may sometimes be slightly lower than tech giants in major hubs, the company's strong performance bonuses and comprehensive benefits often result in attractive total compensation packages.

Understanding Matthews International's PM Compensation Structure

Matthews International's PM compensation structure is designed to reward performance, foster long-term commitment, and align with the company's strategic goals. The package typically consists of four main components:

1. Base Salary: This forms the foundation of the compensation package, providing a stable income that reflects the PM's experience, skills, and responsibilities.

2. Annual Bonus: Performance-based bonuses are tied to individual, team, and company-wide objectives. These can range from 10-30% of the base salary, depending on the PM's level and performance.

3. Equity Compensation: Matthews International offers stock options or restricted stock units (RSUs) to align PM interests with long-term company success. The amount varies by level, typically increasing for more senior positions.

4. Benefits and Perks: These include health insurance, retirement plans (401(k) with company match), paid time off, professional development budgets, and employee assistance programs.

Here's how each component works:

• Base Salary: Reviewed annually, with potential increases based on performance and market conditions.
• Annual Bonus: Calculated at the end of the fiscal year, based on predefined KPIs and company performance.
• Equity: Stock options or RSUs typically vest over a 4-year period, encouraging retention and long-term thinking.
• Benefits: Comprehensive package with some flexibility for employees to choose options that best suit their needs.

This multi-faceted approach ensures that PMs are rewarded for both short-term performance and long-term value creation, aligning individual success with company growth.

Matthews International Product Manager Salaries by Level

Matthews International's PM career ladder consists of several levels, each with its own salary range and compensation structure. Here's a detailed breakdown:

Associate/Junior PM

• Salary Range: $85,000 - $110,000
• Bonus: 5-10% of base salary
• Equity: $5,000 - $10,000 in RSUs annually

Product Manager

• Salary Range: $110,000 - $140,000
• Bonus: 10-15% of base salary
• Equity: $10,000 - $20,000 in RSUs annually

Senior PM

• Salary Range: $140,000 - $180,000
• Bonus: 15-20% of base salary
• Equity: $20,000 - $40,000 in RSUs annually

Principal PM

• Salary Range: $180,000 - $220,000
• Bonus: 20-25% of base salary
• Equity: $40,000 - $60,000 in RSUs annually

Director of Product

• Salary Range: $220,000 - $280,000
• Bonus: 25-30% of base salary
• Equity: $60,000 - $100,000 in RSUs annually

Comparison Table:

• These ranges are approximate and may vary based on individual performance, location, and specific role requirements.

• Equity grants are typically vested over four years to encourage retention.

• Total compensation can significantly exceed the base salary range when including bonuses and equity.

How Location Affects Matthews International PM Salaries

Location plays a significant role in determining PM salaries at Matthews International, reflecting the varying costs of living and competitive landscapes across different regions:

1. Major Tech Hubs (e.g., Pittsburgh, PA headquarters):

   • Salaries tend to be at the higher end of the ranges
   • More competitive benefits and perks

2. Secondary Markets:

   • Salaries may be 10-15% lower than in major hubs
   • Often balanced by lower cost of living

3. Remote Work:

   • Matthews International has embraced remote work post-pandemic
   • Compensation may be adjusted based on the employee's location, typically using a tier-based system

4. International:

   • Salaries are competitive within local markets
   • Additional benefits may be offered to offset lower base pay in some regions

Matthews International strives to maintain internal equity while remaining competitive in local markets, resulting in a nuanced approach to location-based compensation adjustments.

Career Progression and Salary Growth

Career progression at Matthews International follows a structured path, allowing PMs to advance their careers and increase their compensation over time:

1. Typical Career Path: Associate PM → PM → Senior PM → Principal PM → Director of Product

2. Salary Growth:

   • Annual increases: 3-5% for meeting expectations
   • Promotional increases: 10-20% when moving to the next level
   • Performance-based increases: Up to 8-10% for exceptional contributors

3. Timeframes for Advancement:

   • Associate to PM: 1-2 years
   • PM to Senior PM: 2-3 years
   • Senior PM to Principal PM: 3-4 years
   • Principal PM to Director: 4-5 years

• These timeframes are approximate and can vary based on individual performance and business needs.

• Matthews International also offers lateral moves between product lines or business units to broaden experience.

• High performers may see accelerated progression and larger salary increases.

Matthews International emphasizes continuous learning and development, providing resources and opportunities for PMs to enhance their skills and advance their careers, directly impacting their earning potential.

Negotiating Your Matthews International PM Offer

When negotiating a PM offer at Matthews International, consider these tips:

1. Research thoroughly: Understand the company's compensation structure and industry benchmarks.

2. Prioritize your asks: Focus on the elements most important to you (base salary, equity, signing bonus, etc.).

3. Highlight your value: Emphasize unique skills or experiences that justify higher compensation.

4. Consider the total package: Look beyond base salary to bonuses, equity, and benefits.

5. Be professional and collaborative: Approach negotiations as a partnership, not a confrontation.

Typically negotiable aspects include:

• Base salary (within the role's range)
• Signing bonus
• Equity grants
• Flexible working arrangements

Common mistakes to avoid:

• Focusing solely on base salary
• Making ultimatums or aggressive demands
• Neglecting to consider long-term growth opportunities

Remember, Matthews International values its employees and aims to create win-win scenarios in negotiations.

Conclusion

Matthews International's PM compensation structure in 2025 reflects its commitment to attracting and retaining top product talent in the memorialization and industrial technology sectors. With competitive base salaries, performance-based bonuses, equity grants, and comprehensive benefits, the company offers a well-rounded package that rewards both short-term performance and long-term commitment.

Key takeaways:

1. Salaries vary significantly based on experience level and location
2. Total compensation often exceeds base salary due to bonuses and equity
3. Career progression opportunities are structured and transparent
4. The company values internal equity while remaining competitive in local markets

For product professionals seeking a challenging and rewarding career, Matthews International presents an attractive option. By understanding the compensation structure and career path, you can make informed decisions about your professional journey within the company. Whether you're an aspiring PM or a seasoned professional, Matthews International offers a platform for growth, innovation, and competitive rewards in the evolving landscape of memorialization and industrial technologies.

FAQs

How often are salaries reviewed at Matthews International?

Matthews International typically conducts annual salary reviews, usually coinciding with performance evaluations. However, exceptional performance or significant market changes may prompt off-cycle reviews. The company aims to maintain competitive compensation packages to attract and retain top talent.

Does Matthews International offer relocation packages for Product Managers?

Yes, Matthews International offers relocation packages for Product Managers, especially for roles at the Senior PM level and above. The specifics of the package can vary based on the distance of the move, the seniority of the position, and individual circumstances. These packages may include moving expenses, temporary housing, and assistance with selling an existing home.

How does Matthews International support professional development for Product Managers?

Matthews International is committed to the professional growth of its Product Managers. The company offers various development opportunities, including:

• Annual professional development budgets for conferences, workshops, and courses
• Internal mentorship programs pairing junior PMs with experienced leaders
• Cross-functional project opportunities to broaden skill sets
• Leadership development programs for high-potential PMs aiming for senior roles

These initiatives not only enhance skills but can also positively impact career progression and compensation growth.

Related Guides Section

📖 Matthews International Product Strategy Guide – Deep dive into Matthews International's business model and product strategies across its diverse portfolio.

📖 Matthews International PM Interview Guide – Everything about the hiring process, including interview stages, common questions, and preparation tips.

📖 Matthews International Product Teardown Guide – Detailed analysis of key products in Matthews International's memorialization and industrial technology lines.