Director, Product Development Salary

Directors of Product Development in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $120K) surpassing six figures annually. With some bonuses approaching $31K and certain profit sharing proceeds approaching $25K, overall incomes of Directors of Product Development spread between $81K and $173K depending on individual performance. Geographic location and experience level each impact pay for this group, with the former having the largest influence. The majority of Directors of Product Development (64 percent) survey respondents are male. The majority of Directors of Product Development claim high levels of job satisfaction. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a majority. Participants in PayScale's salary questionnaire provided the particulars of this report.

$80,516 - $153,804
$81K
$120K
$150K
MEDIAN: $120,425
10%
50%
90%

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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
$80,516 - $153,804  
   
Bonus
$1,000 - $30,528  
Profit Sharing
$3,982 - $25,342  
Commission
$21,000  
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).
)
$81,158 - $173,198  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 418

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United States (change)

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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.

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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


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Directors of Product Development often end up in upper-level roles like VP of Product Development. VPs of Product Development bring home $152K annually on average.

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Popular Skills for Director, Product Development


Survey participants wield an impressively varied skill set on the job. 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 and Design. Most people who know 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.


New workers enjoy hefty six-figure paychecks when they take on this position — $100K per year is the median for people who claim less than five years' experience. The average pay reported by folks with 10 to 20 years of experience is around $137K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $135K.

Pay Difference by Location

National Average: $129,191

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

Surpassing the national average by 35 percent, Directors of Product Development in San Jose receive some of the highest pay in the country. Directors of Product Development will also find cushy salaries in Houston (+33 percent), San Francisco (+15 percent), Chicago (+14 percent), and Washington (+6 percent). Location significantly influences compensation, with Dallas Directors of Product Development earning much less — 22 percent less — than the national average. A couple other locations with smaller-than-average paychecks include Seattle (10 percent lower) and Minneapolis (7 percent lower).

Related Job Salaries

Key Stats for Director, Product Development

Gender

Female
36 %
Male
64 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 60 votes.
Less than 1 year
0%
1-4 years
9%
5-9 years
17%
10-19 years
48%
20 years or more
27%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Director, Product Development Salaries

▲6%

▲4%

National Average
$129,000

▼7%

▼23%

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 60 votes.

Gender

Female
36 %
Male
64 %

Years of Experience

Less than 1 year
0%
1-4 years
9%
5-9 years
17%
10-19 years
48%
20 years or more
27%

Common Health Benefits

medical benefits
Medical: 92%
dental benefits
Dental: 85%
vision benefits
Vision: 69%
dental benefits
None: 7%
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