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 $119K) surpassing six figures annually. Final cash compensation to Directors of Product Development varies from around $77K to approximately $176K; choice pay grades include potential for bonuses and profit sharing as high as $31K and $25K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by tenure. Job satisfaction is reported as high by the vast majority of workers. Nearly all enjoy medical while most get dental coverage. Vision coverage is also available to more than half. Male Directors of Product Development who responded to the survey are more common than women; more than half (67 percent) are men. The information for this snapshot was generated by responses to the PayScale salary survey.

$74,401 - $156,727
(Median)
$74K
$120K
$160K
MEDIAN: $119,092
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
$74,401 - $156,727  
   
Bonus
$1,966 - $30,522  
Profit Sharing
$2,230 - $24,594  
Commission
$6,000  
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).
)
$77,070 - $176,026  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 886
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: 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

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

Common Career Paths for Director, Product Development


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


Moving into a VP of Product Development position seems to be a popular career progression. Median pay for this job is $151K annually.

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 deep pool of skills on the job. Most notably, facility with Leadership, Strategic Planning, and Software Development are correlated to pay that is significantly above average, leading to increases of 24 percent, 18 percent, and 11 percent, respectively. At the other end of the pay range are skills like Design, Sourcing, and Project Management. The majority of those 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.


More years of relevant experience do not necessarily translate to higher paychecks. Workers in their first five years can expect to earn $99K, but people who have been around for five to 10 years earn a noticeably bigger sum of $119K. After working for 10 to 20 years, Directors of Product Development make a median salary of $133K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $134K.

Pay Difference by Location

National Average: $127,113

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

For those looking to make money, Directors of Product Development in San Jose enjoy an exceptional pay rate, 37 percent above the national average. Directors of Product Development can also look forward to large paychecks in cities like San Francisco (+25 percent), Chicago (+15 percent), Dallas (+14 percent), and San Diego (+10 percent). In Minneapolis, salaries are 16 percent below the national average and represent the lowest-paying market. Below-median salaries also turn up in Philadelphia and Los Angeles (10 percent lower and 8 percent lower, respectively).

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Director, Product Development Salaries



National Average
$127,000



Skills That Affect Director, Product Development Salaries

Leadership
up arrow 24%

Strategic Planning
up arrow 18%

Software Development
up arrow 11%


Engineering Design
up arrow 4%

Product Development
up arrow 3%

People Management
up arrow 3%

National Average
$127,000

Product Marketing
up arrow 3%

Project Management
up arrow 4%

Sourcing
up arrow 9%

up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 162 votes.

Gender

Female
33 %
Male
67 %

Years of Experience

1-4 years
7%
5-9 years
21%
10-19 years
47%
20 years or more
26%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 86%
medical benefits
Vision: 69%
dental benefits
None: 5%
ADVERTISEMENT