Product Development Managers in the United States take home approximately $77K annually on average. Cash earnings for Product Development Managers — including $19K in bonuses and $13K in profit sharing proceeds near the top of the pay scale — generally stretch from $47K to $127K depending on individual performance. Career length is the biggest factor affecting pay for this group, followed by geography. Male Product Development Managers are just a bit more common among those who completed the questionnaire than females ones, with male workers composing 53 percent of the field. The majority of Product Development Managers claim high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$47,347 - $119,570
$47K
$77K
$120K
MEDIAN: $77,308
10%
50%
90%

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$12.90 - $45.30
$13
$20
$45
MEDIAN: $20
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$50K$100K$150K
Salary
$47,347 - $119,570  
   
Bonus
$974 - $18,584  
Profit Sharing
$0.00 - $12,600  
Commission
$5,000  
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).
)
$46,746 - $127,081  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 1,327
National Hourly Rate 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$25$50$75
Hourly Rate
$12.90 - $45.30  
   
Overtime
$21.74 - $65.44  
National Annualized 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$50K$100K$150K
Bonus
$974 - $18,584  
   
Commission
$5,000  
Profit Sharing
$0.00 - $12,600  
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).
)
$46,746 - $127,081  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 48

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United States (change)

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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

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

Common Career Paths for Product Development Manager


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There are some Product Development Managers — though it's uncommon — that transition into VPs of Product Development, where earnings are an average $152K annually. When Product Development Managers are ready for the next step in their careers, they often become Product Development Directors or Senior Product Managers. Those roles pay an additional $39K and $44K, respectively.

Product Development Manager Job Listings

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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, People Management, Project Management, and Product Management are correlated to pay that is above average. Those listing Adobe Illustrator as a skill should be prepared for drastically lower pay. Design and Microsoft Excel also typically command lower compensation. For most people, competency in Product Development indicates knowledge of Microsoft Excel and Microsoft Office.

Pay by Experience Level for Product Development Manager

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


For many Product Development Managers, more experience generally translates to higher pay. The average worker who claims fewer than five years of experience earns around $64K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $80K. On average, Product Development Managers make $99K following one to two decades on the job. More than 20 years of experience mean a somewhat bigger median paycheck of $110K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $80,061

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

For those looking to make money, Product Development Managers in Atlanta enjoy an exceptional pay rate, 22 percent above the national average. Product Development Managers can also look forward to large paychecks in cities like Boston (+21 percent), Chicago (+13 percent), San Francisco (+11 percent), and Irvine (+9 percent). One of the biggest compensable factors for Product Development Managers is geography, with workers in Miami earning a whopping 34 percent below the national average. Workers in Los Angeles and Minneapolis earn salaries that trail the national average for those in this profession (14 percent less and 7 percent less, respectively).

Product Development Manager Reviews

Q: What is it like working as a Product Development Manager?

Product Development Manager in Phoenix:
Pros: My job is just a laundry list of puzzles to solves. Fortunately, I do well in solving puzzles and enjoy it very much. Every day, something new is happening and it always keeps me on my feet. Managing on a program level allows me a highly accelerated method of learning how the company works on a large scale.
Cons: It is very stressful and there isn't a second to relax your brain. By the time the day is over, I am just mentally exhausted. This makes it difficult to push on with PMP certifications and pursuing my degree.

Product Development Manager in Burleson:
"Empowered decision making."
Pros: Managing a team that is over our core products is both challenging and exciting. I have product decision responsibilities with close to complete autonomy. This is a new position for our company. The product responsibilities were held by our owner. This means that we have a lot of influence over the direction of the company.
Cons: I feel like I'm underpaid. We're going through a transition where we are formalizing product development processes. This is challenging and resulting in tension between the product and IT teams.

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

Key Stats for Product Development Manager

Gender

Female
47 %
Male
53 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 208 votes.
Less than 1 year
2%
1-4 years
28%
5-9 years
30%
10-19 years
29%
20 years or more
11%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Product Development Manager Salaries




National Average
$80,000


Skills That Affect Product Development Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 208 votes.

Gender

Female
47 %
Male
53 %

Years of Experience

Less than 1 year
2%
1-4 years
28%
5-9 years
30%
10-19 years
29%
20 years or more
11%

Common Health Benefits

medical benefits
Medical: 89%
dental benefits
Dental: 80%
vision benefits
Vision: 66%
dental benefits
None: 9%
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