Product Development Director Salary

The average pay for a Product Development Director is $103,539 per year. Experience has a moderate effect on salary for this job.

$69,536 - $148,444
$70K
$100K
$150K
MEDIAN: $103,539
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
$69,536 - $148,444  
   
Bonus
$2,068 - $29,087  
Profit Sharing
$1,237 - $38,783  
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).
)
$69,782 - $160,518  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 238

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United States (change)

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Job Description for Product Development Director

Product development directors oversee the development and delivery of products on behalf of their company. They are responsible for managing the idea generation, planning, design, development, and implementation of products. Product development directors support life cycle and launch activities for products developed within the organization, and they use a personal computer as one of their main tools to keep track of product development, communicate with partners, and modify reports. Additionally, product development directors ensure their team complies with safety procedures, create effective budget, and schedule project milestones.

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Product Development Director 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 Product Development Director


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Popular Skills for Product Development Director

Pay by Experience Level for Product Development Director

Pay by Experience for a Product Development Director has a positive trend. An entry-level Product Development Director with less than 5 years of experience can expect to earn an average total compensation of $86,000 based on 39 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Product Development Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $102,000 based on 82 salaries. An experienced Product Development Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $122,000 based on 134 salaries. A Product Development Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $143,000 based on 61 salaries.

Pay Difference by Location

National Average: $114,923

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

Related Job Salaries

Key Stats for Product Development Director

Gender

Female
40 %
Male
60 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.
Less than 1 year
0%
1-4 years
11%
5-9 years
19%
10-19 years
44%
20 years or more
25%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Product Development Director Salaries

▲25%

▲6%

National Average
$115,000

▼11%

▼25%

Skills That Affect Product Development Director Salaries

National Average
$115,000



Engineering Design
▼10%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
40 %
Male
60 %

Years of Experience

Less than 1 year
0%
1-4 years
11%
5-9 years
19%
10-19 years
44%
20 years or more
25%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 77%
vision benefits
Vision: 59%
no benefits
None: 10%