What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Product Development Manager Salary

For Product Development Managers, annual average wages total $76K per year. Total cash earnings of Product Development Managers range from $48K on the low end to $123K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $18K and $12K, respectively. Career length and the particular city each impact pay for this group, with the former having the largest influence. Male Product Development Managers are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 58 percent of the field. Almost all report receiving medical coverage from their employers and a fair number collect dental insurance. For the most part, Product Development Managers enjoy their work and report high levels of job satisfaction. The data for this synopsis comes from respondents who took the PayScale salary survey.
Read More
$48,112 - $115,075
(Median)
$48K
$76K
$120K
MEDIAN: $76,182
10%
50%
90%

Add this chart to your site: 640px    300px

$13.50 - $35.31
(Median)
$14
$20
$35
MEDIAN: $20
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$48,112 - $115,075  
   
Bonus
$246.32 - $18,088  
Profit Sharing
$982 - $12,494  
Commission
$0.00 - $15,000  
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).
)
$47,560 - $123,349  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 1,981
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$13.50 - $35.31  
   
Overtime
$0.00 - $71.47  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$246.32 - $18,088  
   
Commission
$0.00 - $15,000  
Profit Sharing
$982 - $12,494  
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).
)
$47,560 - $123,349  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 65
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Product Development Manager

Product development managers are in charge of the analysis and application of products to the general consumer market. Product development managers typically are host to an assortment of creative work-flows, thought processes and application systems. They are also expected to be capable of market analysis at high levels and to demonstrate mastery of critical thought processes. Product development managers must identify the need for a product on the current or near future market and also identify an outline in which the product can be created and delivered to the general populace; however, the specifics of these systems is not their concern. Product development managers are expected to be very flexible in their availability and willing to devote long hours of deliberation toward meeting the needs presented by consumers with the products in development. Product development managers are also expected to have adequate interpersonal skills as they will be working with other employees in virtually all situations. They are expected to have an understanding of current and past marketing trends as well as the economic insight to reasonably predict new ones. Product managers are also expected to have a very intimate understanding of promotional processes and advertising as well as their effect on the general public. Product managers are expected to also understand public relations and their relationship to forthcoming products as well as the current areas of interest in the rising market (e.g. environmentally friendly products). Product managers must have proficiency in Microsoft Office and understanding of information facilitation via these channels.


Product Development Manager Tasks

  • Manage the product development project pipeline and assignment and prioritization of resources.
  • Assist in scale up to commercialization.
  • Collaborate with sales and marketing to develop new business.

Common Career Paths for Product Development Manager


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


Product Development Managers may experience a large salary bump if they progress into a role such as VP of Product Development. The latter position pays an average of $151K annually. It is quite typical for Product Development Managers to transition into roles as Product Development Directors or Marketing Product Development Managers, where reported median earnings are $41K and $5K higher per year.

Product Development Manager Job Listings

Search for more jobs:

Popular Skills for Product Development Manager


Product Development Managers report using a deep pool of skills on the job. Most notably, skills in Engineering Design, Market Research, Product Development, and Project Management are correlated to pay that is above average. Those listing Adobe Photoshop as a skill should be prepared for drastically lower pay. Adobe Illustrator and Windows Operating System General Use also typically command lower compensation. Most people who know Project Management also know Microsoft Office and Microsoft Excel. Most people skilled in Product Development are similarly competent in Microsoft Excel.

Pay by Experience Level for Product Development Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Product Development Managers with a lot of experience tend to enjoy higher earnings. Relatively untried employees who have less than five years' experience have a median salary of $64K. Those who have been around for five to 10 years can expect to take home more — $78K on average. Product Development Managers who work for 10 to 20 years in their occupation tend to earn about $96K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $101K.

Pay Difference by Location


With a pay rate for Product Development Managers that is 26 percent greater than the national average, Boston offers a comfortable salary for those in this profession. Product Development Managers will also find cushy salaries in Seattle (+24 percent), San Diego (+8 percent), Minneapolis (+7 percent), and Houston (+7 percent). With compensation 10 percent below the national average, Los Angeles is not known for hefty paychecks and actually represents the lowest-paying market. Employers also pay below the national average in Salt Lake City (9 percent lower) and Dallas (5 percent lower).

Product Development Manager Reviews

What is it like working as a Product Development Manager?

Product Development Manager in San Francisco:
"Every day I work with a team that wants to change the world."
Pros: I'm doing what I love. I get talk with people about their dreams and then help make them a reality. I get to relate with our customers and show them that we are cut from the same cloth, and that I am on their side and I want to make the tools they need.
Cons: Giving all-hands presentations, public speaking is a nightmare.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Product Development Manager Salaries



National Average
$79,000



Skills That Affect Product Development Manager Salaries


Product Development
up arrow 1%

Market Research
up arrow 1%

Project Management
0%

National Average
$79,000

People Management
up arrow 4%


up arrow 9%









Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 429 votes.

Gender

Female
42 %
Male
58 %

Years of Experience

Less than 1 year
2%
1-4 years
26%
5-9 years
30%
10-19 years
29%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 78%
vision benefits Vision: 64% employee benefits None: 8%
ADVERTISEMENT