Director, Product Development Salary

Compensation for Directors of Product Development in the United States is generous, with average pay surpassing six figures annually ($120K). Total cash earnings of Directors of Product Development range from $81K on the low end to $173K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $30K and $20K, respectively. Location and tenure each impact pay for this group, with the former having the largest influence. Most Directors of Product Development like their work and job satisfaction is high. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to the larger part. Men account for the majority of Directors of Product Development who responded to the questionnaire — 66 percent to be exact. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$80,436 - $153,459
$80K
$120K
$150K
MEDIAN: $120,165
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$80,436 - $153,459  
   
Bonus
$1,000 - $30,177  
Profit Sharing
$3,973 - $19,574  
Commission
$26,531  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$81,152 - $172,827  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 370

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Job Description for Director, Product Development

A director of product development has many responsibilities related to product development within their organization. Their main task is creating and then implementing a development strategy for their company. They are also responsible for the implementation of procedures related to product development. Directors of product development are also accountable for setting annual performance goals and conducting evaluations of the staff. In addition, they also need to develop and implement best practices for product designs. They train and guide subordinates within their staff and work well in a team setting.

Read More...

Director, Product Development Tasks

  • Review new product ideas, present them to management, and work with other departments to determine feasibility.
  • Determine the cost of production.
  • Conduct market research to determine consumer needs and identify competitors.
  • Ensure products are produced according to design, quality, and price specifications.
  • Supervise product development process, coordinating department objectives and schedules.

Common Career Paths for Director, Product Development


Add this chart to your site:   640px 640px    300px 300px


Directors of Product Development do not often transition into VP of Product Management roles. The role averages $180K per year. Becoming a VP of Product Development is, more often than not, the most common role that Directors of Product Development move into when they're ready for the next step in their career. The average salary for the position is $152K. Another frequent advance is for Directors of Product Development to assume a Product Development Director role; in this role, workers often earn $119K.

Product Development Director Job Listings

Search for more jobs:

Popular Skills for Director, Product Development


Survey results imply that Directors of Product Development deploy a substantial tool kit of skills at work. Most notably, skills in Agile Software Development, Engineering Design, Strategic Planning, and Software Development are correlated to pay that is above average, with boosts between 16 percent and 20 percent. At the other end of the pay range are skills like Product Marketing. Most people familiar with Product Development also know Product Marketing.

Pay by Experience Level for Director, Product Development

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Although individuals who have less than five years' experience earn $102K on average, people with five to 10 years benefit from a notably larger average of $121K. People with 10 to 20 years of experience make an average of about $137K in this role. Survey participants with more than twenty years of experience only make around $133K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Pay Difference by Location

National Average: $129,310

Larger city markers indicate a job is popular in that location.

Directors of Product Development will find that San Jose offers an impressive pay rate, one which exceeds the national average by 35 percent. Directors of Product Development will also find cushy salaries in Houston (+33 percent), San Diego (+16 percent), San Francisco (+15 percent), and Chicago (+13 percent). With compensation 19 percent below the national average, Dallas is not known for hefty paychecks and actually represents the lowest-paying market. Minneapolis and Philadelphia are a couple other places where companies are known to pay below the median — salaries are 7 percent lower and 2 percent lower, respectively.

Related Job Salaries

Key Stats for Director, Product Development

Gender

Female
34 %
Male
66 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 52 votes.
Less than 1 year
0%
1-4 years
9%
5-9 years
17%
10-19 years
48%
20 years or more
26%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Director, Product Development Salaries

▲6%

▲3%

National Average
$129,000

▼6%

▼21%

Skills That Affect Director, Product Development Salaries

Agile Software Development
▲20%

Strategic Planning
▲16%

Engineering Design
▲16%

Software Development
▲9%




Leadership
▲3%

National Average
$129,000


Sourcing
▼2%

▼3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 52 votes.

Gender

Female
34 %
Male
66 %

Years of Experience

Less than 1 year
0%
1-4 years
9%
5-9 years
17%
10-19 years
48%
20 years or more
26%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 85%
vision benefits
Vision: 70%
dental benefits
None: 6%
ADVERTISEMENT