Product Development Coordinator Salary
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
- Work in conjunction with multiple departments including engineering, production, sales and marketing to bring a product to the market.
- Conducts research to develop new products to meet the needs of the customer.
- Lead research and development projects for new products and product improvements within an organization.
Common Career Paths for Product Development Coordinator
Product Development Coordinators might see a strong upturn in salary after transitioning into upper-level roles such as Product Development Manager, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $80K per year.
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Pay by Experience Level for Product Development Coordinator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. The average inexperienced worker earns $41K, and someone who has worked for five to 10 years can expect a bigger median salary of $49K. People with 10 to 20 years of experience make an average of about $50K in this role. Product Development Coordinators who have spent more than 20 years on the job report earning a significantly higher median of $66K.