Product Development Coordinator Salary
|Salary||$34,247 - $66,439|
|Bonus||$811 - $5,918|
|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).)
|$32,211 - $64,274|
|Hourly Rate||$14.12 - $21.84|
|Overtime||$22.12 - $31.20|
|Bonus||$811 - $5,918|
|Total Pay (||$32,211 - $64,274|
Job Description for Product Development Coordinator
Product development coordinators are responsible for coordinating product development operations, overseeing initiatives, and facilitating development strategies on behalf of their organization. They are in charge of coordinating marketing and business elements to ensure that products enter the market successfully. These professionals coordinate cross-functional teams to ensure that all product requirements are met before shipping, as well as oversee and conduct financial analysis and marketing plans.Read More...
Product development coordinators manage development programs and conduct market research, as well as gather customer feedback and keep accurate development records. These coordinators must be proficient with office software to write communications, run calculations, and prepare presentations. They participate in company meetings to suggest ways to improve product offerings and increase efficiency during development efforts. These coordinators strive to lower company expenses and maximize product effectiveness in a variety of markets. They must be able to follow all safety and privacy concerns before release.
A bachelors degree in business administration, marketing, or a similar field is required for this job. In addition, previous experience in a product development capacity is generally required or preferred.
Product Development Coordinator Tasks
- Lead research and development projects for new products and product improvements within an organization.
- Conducts research to develop new products to meet the needs of the customer.
- Work in conjunction with multiple departments including engineering, production, sales and marketing to bring a product to the market.
Pay by Experience Level for Product Development Coordinator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience seems to be a major factor in determining the incomes of Product Development Coordinators. Average salaries for inexperienced employees average out to around $42K, but folks who have five to 10 years of experience earn a higher median of $49K. After working for 10 to 20 years, Product Development Coordinators make a median salary of $63K. Product Development Coordinators who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $66K.
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